CADE Cadence Financial Corporation featured news, full reports, and detailed charts
Cadence Financial Corporation (CADE) Wrap Up:
Cadence Financial Corporation (the “Corporation”) is a financial holding company organized under the laws of the State of Mississippi. The Corporation’s assets consist primarily of its investment in Cadence Bank, N.A. (“Cadence”), a national banking corporation, and its primary activities are conducted through Cadence. (Cadence and its subsidiaries are collectively referred to herein as “Cadence”.) The Corporation’s principal executive offices are located at 301 East Main Street, Starkville, MS 39759 and its telephone number is 662-323-1341. Cadence Bank, N.A. Cadence is engaged in general banking business and activities closely related to banking, as permitted by the banking laws and regulations of the United States. Cadence provides a complete line of wholesale and retail financial services, including mortgage loans, investment services, insurance brokerage and trusts. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f13%2f0001193125-08-055081.html#FIS_BUSINESS"www.cadencebanking.com
484 Employees
Founded in 1984
Cadence Financial Corp. (CADE:NASDAQ)
LAST $1.45 USD
CHANGE TODAY -0.09 -5.84%
VOLUME 28.3K
As of 3:57 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Cadence Financial Corp. (CADE)
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OPEN
$1.58
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PREVIOUS CLOSE
$1.54
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DAY HIGH
$1.69
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DAY LOW
$1.35
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52 WEEK HIGH
11/20/08 - $6.09
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52 WEEK LOW
11/16/09 - $1.29
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MARKET CAP
17.3M
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AVERAGE VOLUME 3 mo
13.6K
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DILUTED EPS TTM
$-9.66
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SHARES OUTSTANDING
11.9M
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EX-DATE
03/16/09
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P/E TTM
NM
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DIVIDEND
$0.20
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DIVIDEND YIELD
13.79%
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| K = Thousands M = Millions B = Billions | ||
CADE Top Compensated Officers
Mr. Lewis F. Mallory Jr.
Chairman, Chief Executive Officer, Member of ...
Age: 66
Total Annual Compensation: $400.0K
Mr. Mark A. Abernathy
President, Chief Operating Officer, Director,...
Age: 52
Total Annual Compensation: $270.0K
Mr. Richard T. Haston
Chief Financial Officer, Executive Vice Presi...
Age: 62
Total Annual Compensation: $194.2K
Mr. John R. Davis
Vice President and Executive Vice President o...
Age: 53
Total Annual Compensation: $139.5K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Cadence Financial Corp. (CADE)
Cadence Financial Corp. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/26/2009
Cadence Financial Corp. reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, total interest income was $20,162,000 against $24,899,000 a year ago. Net interest income was $11,585,000 against $13,539,000 a year ago. Loss before income taxes was $20,655,000 against $9,170,000 a year ago. Net loss was $12,427,000 or $1.04 per basic and diluted share against $5,279,000 or $0.44 per basic and diluted share a year ago. Net loss applicable to common shareholders was $13,079,000 or $1.10 per basic and diluted share against $5,279,000 or $0.44 per basic and diluted share a year ago. Negative return on average assets was 2.8% against 1.1% a year ago. Negative return on Average equity was 41.8% against 11.2% a year ago. For the nine months, total interest income was $62,285,000 against $79,238,000 a year ago. Net interest income was $34,602,000 against $42,100,000 a year ago. Loss before income taxes was $140,287,000 against $3,209,000 a year ago. Net loss was $110,598,000 or $1.04per basic and diluted share against $640,000 or $0.44 per basic and diluted share a year ago. Net loss applicable to common shareholders was $112,224,000 or $9.42 per basic and diluted share against $640,000 or $0.05 per basic and diluted share a year ago. Negative return on average assets was 7.7% against 0.0% a year ago. Negative return on Average equity was 102.9% against 0.4% a year ago. Book value per common share was $6.62 against $15.61 a year ago.
Cadence Financial Corp. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).
10/26/2009
Cadence Financial Corp. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).
Cadence Financial Corp., Q3 2009 Earnings Call, Oct-27-2009
10/13/2009
Cadence Financial Corp., Q3 2009 Earnings Call, Oct 27 2009
CADE Competitors
| Company | Last | Change |
| Atlantic Coast Federal Corp | $1.35 USD | 0.00 |
| Atlantic Southern Financial Group Inc | $0.97 USD | -0.03 |
| Cornerstone Bancshares Inc | $2.75 USD | 0.00 |
| First Bankshares Inc | $8.50 USD | 0.00 |
| Globe Bancorp Inc | $18.00 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CADE | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | NM | Not Meaningful |
| Price/Book | 0.2x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 21.1x |
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CADE transactions
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| No transactions in the last 6 months. | ||
More Recent News About Cadence Financial Corporation
More news for CADE
Q3 2009 Cadence Financial Corporation Earnings Release - Time Not Supplied
Earnings Announcements for Monday, October 26CompanySymbolTimeConferenceCallAcura Pharmaceuticals, Inc.ACUR.OBAfter Market CloseADTIYA BIRLA CHEMICALS (INDIA) LTDABCIL.BOTime Not SuppliedAlbemarle CorporationALBAfter Market CloseAlberto Culver Co.ACVBefore Market OpenListenALI CORP3041.TWAfter Market CloseAmerica Movil, S.A. de C.V.AMXAfter Market CloseAmerican Financial GroupAFGAfter Market CloseAmerican National InsuranceANAT3:00 pm ETArch Capital GroupACGLAfter Market CloseListenARRIS Group, Inc.ARRSAfter Market CloseListenAssociated Estates RealtyAECAfter Market CloseAtlas AirAAWWBefore Market OpenListenAXA PROPERTY TRUSTAPT.LBefore Market OpenBanco PopularPOP.MCBefore Market OpenBank of Hawaii CorporationBOHBefore Market OpenListenBar Harbor BanksharesBHBAfter Market Close...Click here to read the whole Article (external link)
Cadence Financial Corporation Reports Third Quarter Results
   CADENCE FINANCIAL CORPORATION CONSOLIDATED STATEMENTS OF INCOME     ($ in thousands, except share and per share data)  FOR THE THREE MONTHS FOR THE NINE MONTHS ENDED SEPTEMBER 30 ENDED SEPTEMBER 30 2009 2008 2009 2008 INTEREST INCOME:  Interest and Fees on Loans $ 15,464 $ 19,...Click here to read the whole Article (external link)
CADENCE FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Information The following provides a narrative discussion and analysis of significant changes in our results of operations and financial condition for the three and nine months ended September 30, 2009. Certain information included in this discussion contains forward-looking statements and information that are based on management's beliefs, expectations and conclusions, drawn from certain assumptions and information currently available. The Private Securities Litigation Act of 1995 encourages the disclosure of forward-looking information by management by providing a safe harbor for such information. This discussion includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although we believe that the expectations and conclusions reflected in such forward-looking statements are reasonable, such forward-looking statements are based on numerous assumptions (some of which may prove to be incorrect) and are subject to risks and uncertainties, which could cause the actual results to differ materially from our expectations. When used in this discussion, the words "anticipate," "believe," "estimate," "expect," "objective," "project," "forecast," "goal" and similar expressions are intended to identify forward-looking statements. In addition to any assumptions and other factors referred to specifically in connection with forward-looking statements, factors that could cause our actual results to differ materially from those contemplated in any forward-looking statements include, among others, increased competition, regulatory factors, economic conditions, changing interest rates, changing market conditions (including specifically the downturn in the U. S. real e...Click here to read the whole Article (external link)
CADENCE FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
Show all filings for CADENCE FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for CADENCE FINANCIAL CORP 26-Oct-2009Results of Operations and Financial Condition, Financial Statements and Ex Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pr...Click here to read the whole Article (external link)
U.S. regulators squeeze banks on future tax assets
By Dan Wilchins NEW YORK (Reuters) - U.S. regulators are looking hard at banks' expected future tax benefits and the result for some financial institutions could be more writedowns.Any charges are much more likely to hurt regional and community banks, than the largest U.S. lenders, who have more ways to preserve the benefits, known as "deferred tax assets," or DTAs.The most common reason for a bank to write down these assets is an expected lack of taxable income in the future. As income becomes less likely, regulators including the Federal Deposit Insurance Corp are pressing banks to write them down, experts told Reuters.Regulatory pressure often means that, at the margin, accountants are inclined to be much more conservative when evaluating these assets."As long as the FDIC is looking at this, writedowns will be much more widespread," said Jim Goeller, a partner at tax firm Perry-Smith in San Francisco, which audits over 60 banks in California. An FDIC spokesman said the agency looks at all assets on the balance sheets and expects banks to follow accounting rules.Publicly traded banks have about $134 billion of deferred tax assets on their books, according to SNL Financial. In that sense, the problem is small compared with the $1.7 billion of commercial real estate on companies books, for example.But for some banks, valuation adjustments can be serious. Consider The South Financial Group Inc (NasdaqGS:TSFG - News), which recently wrote down its deferred tax asset by $200 million.The writ...Click here to read the whole Article (external link)
CADENCE FINANCIAL CORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
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