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CADE-News
CADE-Events
Huntington Bancshares Completes Merger with Cadence Bank
Huntington Bancshares (HBAN) announced it has closed its merger with Cadence Bank (CADE). Cadence customers will continue to bank as normal at their existing branches, and customer accounts are expected to be converted to Huntington's systems in mid-2026.
Huntington Bancshares Acquires Cadence Bank
Huntington Bancshares (HBAN) is acquiring Cadence Bank (CADE) in a deal expected to be completed soon, pending final closing conditions.
Alibaba Stock Rises 4% on AI Chip Division Restructuring Plans
Stock futures are higher as confidence returns to risk assets and markets rebound sharply from a bout of volatility earlier in the week that saw major indexes plunge as investors reacted to heightened trade-war fears tied to the threat of tariffs on European goods. The turnaround followed comments from President Donald Trump signaling a retreat from those tariff plans and outlining a framework agreement involving Greenland with NATO partners.Gold and silver prices have pulled back from recent records as safe-haven demand eases on the reduced risk of a broader trade conflict, and oil prices stabilized amid calmer macro conditions.In pre-market trading, S&P 500 futures rose 0.58%, Nasdaq futures rose 0.91% and Dow futures rose 0.40%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Alibabaup 4% after Bloombergthat the company is planning to restructure its AI chipmaking division T-Head ahead of a potential IPOGameStopup 3% after disclosing that chairman Ryan Cohen increased his stake in the company to 9.3%, which represents over 42.08M sharesUP AFTER EARNINGS -Interparfumsup 4%Life Time Groupup 3%CACIup 2%DOWN AFTER EARNINGS -Abbottdown 7%McCormickdown 6%Mobileyedown 6%GE Aerospacedown 3%Huntington Bancsharesdown 3%Cadence Bankdown 3%Procter & Gambledown 1%Freeport-McMoRandown 1%
Sees NII Plus Cadence Up $1.85B to $1.9B
Sees NII plus Cadence up $1.85B-$1.9B. Sees standalone average loans 11%-12%, with loans plus Cadence up about $34B. Sees average deposits 8%-9% on a standalone basis, with deposits plus Cadence up about $43B. Sees standalone noninterest income 13%-16%, with noninterest income plus Cadence up $300M. Sees net charge-offs 25-35 bps and an effective tax rate of 19%-20%. Comments taken from investor presentation slides.
Cadence Bank Reports Q4 Tangible Book Value of $23.69
Reports Q4 tangible book value per share $23.69. Reports Q4 CET1 capital ratio 11.7%. Reports Q4 net charge-offs .28%. "We are pleased to report strong fourth quarter results reflecting themes that are consistent with our full year 2025 performance, including continued earnings improvement and balance sheet growth," remarked Dan Rollins, chairman and CEO of Cadence Bank. "Our fourth quarter and full year results both reflect continued earnings growth achieved through a positive trajectory in net interest margin and operating efficiency combined with steady organic balance sheet growth and stable credit quality. Additionally, we supplemented our organic growth efforts in 2025 with two strategic partnerships that accelerated our growth in Texas and Georgia. Finally, we are pleased to have received all shareholder and regulatory approvals necessary to complete our pending transaction with Huntington, which is expected to close on February 1, 2026. We are excited about the opportunity this combination provides to enhance growth efforts in the communities and markets we serve through the additional capabilities and product offerings available at Huntington."
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