Who Owns Cadence Bank Company?

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Who Owns Cadence Bank?

Understanding Cadence Bank's ownership is key to grasping its strategic direction. The 2021 merger of BancorpSouth Bank and Cadence Bancorporation created the current Cadence Bank, significantly altering its ownership landscape and market presence.

Cadence Bank, a publicly traded entity on the NYSE under CADE, has a rich history dating back to 1876. Its evolution reflects a deep commitment to community banking, now serving a broad customer base across nine states.

Institutional investors hold a significant portion of Cadence Bank's shares. As of December 31, 2024, major holders include Vanguard Group Inc., which owns approximately 10.3%, and BlackRock Inc., with around 8.1%. These substantial holdings indicate a strong influence from large investment firms on the bank's governance and future strategies. For a deeper dive into the external factors affecting the bank, consider a Cadence Bank PESTEL Analysis.

The origins of Cadence Bank trace back to 1876 in Verona, Mississippi, with Raymond Trice and Company. This mercantile business secured a perpetual charter to operate a bank, initiating a journey that would eventually lead to the modern Cadence Bank. While detailed records of the earliest individual founders and their specific equity stakes are not widely available, the initial focus was on community and mutual support.

Early Banking Roots

The bank's foundation was laid by Raymond Trice and Company, a mercantile business that obtained a charter to establish a bank in 1876.

Evolution of Names

Over time, the institution underwent several name changes, reflecting its growth and expanding operational footprint.

Community Focus

The early ethos emphasized a community-centric approach, prioritizing customer needs and long-term relationships.

Geographic Expansion

The bank's operations moved to Tupelo, Mississippi, in 1886, and subsequent name changes included Bank of Lee County and Bank of Tupelo.

Rebranding Milestones

By 1966, it became Bank of Mississippi, and in 1997, following further growth and acquisitions, it was rebranded as BancorpSouth.

Founding Principles

These early transformations established the groundwork for a regional bank, maintaining its founding commitment to understanding and serving its customers.

The evolution from a small mercantile operation to a significant regional financial institution highlights a consistent commitment to serving its customer base. This foundational period established the core principles that guided its subsequent growth and transformations, including its eventual rebranding to BancorpSouth, which set the stage for its current identity.

Key Ownership Milestones

The ownership history of Cadence Bank is marked by significant transformations, evolving from a local mercantile charter to a publicly traded entity.

• Founded in 1876 as Raymond Trice and Company in Verona, Mississippi.
• Relocated to Tupelo, Mississippi, in 1886.
• Renamed Bank of Lee County, then Bank of Tupelo.
• Became Bank of Mississippi in 1966.
• Rebranded as BancorpSouth in 1997.
• The company is now publicly traded, meaning its ownership is distributed among its shareholders.
• Understanding the Target Market of Cadence Bank is crucial for analyzing its stakeholder landscape.

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The ownership structure of Cadence Bank has seen significant evolution, largely driven by strategic mergers and acquisitions. A key development was the April 2021 merger agreement between BancorpSouth Bank and Cadence Bancorporation, which officially combined on October 29, 2021, leading to the adoption of the Cadence Bank name. This consolidation created a substantial regional banking entity with approximately $50 billion in assets at the time of the merger.

As of April 2025, institutional investors are the dominant force in Cadence Bank's ownership, holding a substantial 86.38% of the company's shares. Within this broad category, mutual funds represent the largest segment, accounting for 75.14% of holdings in April 2025, a marginal decrease from 75.27% in March 2025. Insiders, comprising executives and board members, maintain a steady stake of 1.15% as of April 2025. This increasing institutional presence aligns with broader industry trends and can significantly influence corporate strategy through active engagement and voting rights. The bank's strategic growth, including the early 2025 merger agreement with FCB Financial Corp. and the July 1, 2025, acquisition of Industry Bancshares, Inc., has demonstrably expanded its market reach and operational capabilities, particularly in key regions like Texas and coastal Georgia. Understanding these ownership dynamics is crucial for assessing the bank's strategic direction and Growth Strategy of Cadence Bank.

Key Institutional Stakeholders

Major institutional investors play a significant role in Cadence Bank's share distribution. Their holdings reflect a growing trend of institutional investment in the financial sector.

• Vanguard Group, Inc. reported sole dispositive power over 18,981,875 shares as of February 13, 2024.
• State Street Corporation holds shared dispositive power over 9,712,739 shares as of February 6, 2025.
• Dimensional Fund Advisors LP is another significant institutional holder.
• BlackRock, Inc. also features prominently among the bank's major investors.

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The governance of Cadence Bank is currently guided by its Board of Directors, which includes individuals representing significant shareholder interests alongside independent members. James D. Rollins III holds the positions of Chairman and Chief Executive Officer. The board's composition undergoes an annual review, with notable changes including the retirement of directors Alan W. Perry and Marc J. Shapiro effective April 23, 2025. Cadence Bank publicly shares its Director Independence Standards and Corporate Governance Principles to ensure robust oversight.

Cadence Bank's voting structure involves both common stock and Series A Preferred Stock. Common shareholders typically exercise a one-share-one-vote right, though certain proposals may necessitate different voting thresholds. For instance, a proposal concerning stock repurchases, which was to be voted on at a special meeting adjourned to April 25, 2025, required at least a two-thirds affirmative vote from outstanding preferred stock to pass. Common shareholders had previously approved this and other measures at a December 30, 2024, special meeting. Shareholders also approved a proposal at the 2024 annual meeting to declassify the Board of Directors, a change that will be phased in through the 2025 and 2026 annual meetings, with all directors standing for annual election from 2027 onward. This move aims to increase direct shareholder accountability for board composition. Furthermore, Cadence Bank has established Stock Ownership Guidelines for its directors and executives, designed to align their interests with those of the company's shareholders.

Board Declassification and Shareholder Alignment

Cadence Bank is enhancing its corporate governance by declassifying its Board of Directors. This change will lead to all directors being elected annually, increasing direct accountability to shareholders.

• Board declassification approved at the 2024 annual meeting.
• Full implementation by the 2027 annual meeting.
• All directors to stand for annual election starting 2027.
• Stock Ownership Guidelines align director and executive interests with shareholders.
• This initiative contributes to a more responsive Competitors Landscape of Cadence Bank.

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Over the past three to five years, Cadence Bank has experienced significant shifts in its ownership structure, driven by strategic mergers and acquisitions, as well as active capital management. These developments have reshaped its market presence and shareholder base.

Cadence Bank's ownership trends reflect broader industry movements, notably the increasing prevalence of institutional investors. As of April 2025, institutional investors held a substantial 86.38% of the bank's shares, indicating a strong presence of large financial entities in its shareholder base. This heightened institutional ownership aligns with the bank's proactive approach to mergers and acquisitions, which has seen recent expansions in key markets like Texas and coastal Georgia. Analysts generally view these strategic integrations favorably, anticipating positive impacts on earnings and market positioning, supporting the bank's commitment to organic growth and disciplined management to enhance long-term shareholder value.

Institutional Investor Dominance

Institutional investors are the primary holders of Cadence Bank shares, controlling 86.38% as of April 2025. This signifies significant confidence from major financial institutions.

Strategic Acquisitions and Divestitures

The bank has strategically divested non-core assets, such as its insurance business for $904 million in October 2023. This focus enhances its core financial services operations.

Capital Management and Shareholder Returns

In 2024, Cadence Bank actively managed its capital by repurchasing over 1.2 million shares. This action demonstrates a commitment to increasing shareholder value.

Future Growth Through Mergers

The bank is pursuing further growth through strategic mergers, including agreements with FCB Financial Corp. and the completed acquisition of Industry Bancshares, Inc. in July 2025.

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