Cadence Bancorporation (CADE) financial statements (2021 and earlier)

Company profile

Business Address 2800 POST OAK BOULEVARD SUITE 3800
HOUSTON, TX 77056
State of Incorp. DE
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,052978761731
Cash and cash equivalents2,052978761731
Total current assets:2,052978761731
Noncurrent Assets
Operating lease, right-of-use asset5766
Property, plant and equipment1241286463
Long-term investments and receivables 99 
Long-term investments 99 
Intangible assets, net (including goodwill)127591314328
Goodwill43485307318
Intangible assets, net (excluding goodwill)84106710
Deferred income tax assets64 
Total noncurrent assets:371794387391
Other undisclosed assets16,28916,02911,5839,827
TOTAL ASSETS:18,71317,80012,73010,949
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  11
Total current liabilities:  11
Noncurrent Liabilities
Long-term debt and lease obligation1181285151
Long-term debt, excluding current maturities51515151
Operating lease, liability6777
Total noncurrent liabilities:1851285151
Other undisclosed liabilities16,40615,21111,2409,538
Total liabilities:16,59115,33911,2929,590
Stockholders' equity
Stockholders' equity attributable to parent2,1212,4611,4381,359
Common stock1111
Treasury stock, value(131)(101)(22) 
Additional paid in capital1,8811,8731,0411,037
Accumulated other comprehensive income (loss)110115(43)(19)
Retained earnings260573461340
Total stockholders' equity:2,1212,4611,4381,359
TOTAL LIABILITIES AND EQUITY:18,71317,80012,73010,949

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues711860552436
Net investment income711860513397
Cost of revenue(278)(111)(13)(10)
Provision for loan, lease, and other losses(278)(111) 
Financial services costs(13)(10)
Gross profit:433749539427
Operating expenses(489)(49)(176)(158)
Operating income (loss):(56)700363269
Nonoperating income5543
Investment income, nonoperating  10
Bank owned life insurance income5533
Interest and debt expense(92)(209)(125)(71)
Income (loss) from continuing operations before equity method investments, income taxes:(143)497243201
Other undisclosed loss from continuing operations before income taxes(36)(234)(31)(18)
Income (loss) from continuing operations before income taxes:(178)262211183
Income tax expense(27)(60)(45)(81)
Net income (loss) attributable to parent:(206)202166102
Undistributed earnings (loss) allocated to participating securities, basic (1)(0) 
Net income (loss) available to common stockholders, diluted:(206)201166102

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(206)202166102
Other comprehensive income (loss)(5)158(24)19
Comprehensive income (loss), net of tax, attributable to parent:(210)360142121

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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