Cadence Bank Among SNL 25 Best-Performing Regional Banks
“We are pleased to earn such a favorable position in our first appearance in these rankings,” said Paul B. Murphy, Jr., chairman of Cadence Bank. “This is a testament to the talent of our bankers, our exceptional products and services, and the growing strength of our brand.”
SNL Financial (link sends e-mail) is a leading provider of business intelligence, including real-time financial information and in-depth analysis on the banking, financial services and insurance industries. The SNL ranking used six core financial metrics that accounted for profitability, asset quality and growth for the 12-month period ended Dec. 31, 2013.
Banks considered had less than $50 billion in revenue and at least 60 offices, which included 102 eligible companies. These banks also had to be well-capitalized by regulatory standards.
According to SNL data, Cadence Bank, with $6.5 billion in assets at the end of 2013, reported an 18.27 return on average tangible common equity for the year, a loan growth rate of 21.12 percent year over year, and net interest margin of 5.03 percent.
Cadence Bank CEO Sam Tortorici expects continued organic growth. “We have experienced great success in bringing capital to companies within our footprint and will continue to focus on key markets within Alabama, Florida, Georgia, Mississippi, Tennessee and Texas.”
In addition to this recognition, Cadence Bank has earned four consecutive superior five-star ratings from independent bank research firm BauerFinancial, Inc.
About Cadence Bank
Cadence Bank, N.A., based in Birmingham, Ala., is a $5.7 billion bank with more than 100 locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Backed by 126 years of financial expertise, Cadence serves commercial and consumer clients with a full range of innovative banking and financial solutions designed to keep pace with their lives. These products and services include commercial and consumer banking, small business banking, treasury management, international banking, specialized lending, commercial real estate, wealth management, investment and trust services, financial planning, retirement plan management, business and personal insurance, consumer loans, mortgages, home equity lines and loans, and credit cards. Cadence Bank and its affiliates, Linscomb & Williams and Cadence Insurance Agency, are wholly owned subsidiaries of Houston-based Cadence Bancorp, LLC. Additional information about Cadence Bank is available at cadencebank.com. Cadence Bank, N.A. Member FDIC. Equal Housing Lender.
Contact Information:
Danielle Kernell
Cadence Bank, N.A.
713-871-4051 direct | 713-392-7709 mobile
danielle.kernell@cadencebank.com