Cadence Bank to Repurchase Up to 10M Shares in New Buyback Plan

Dow Jones

Apr 26, 2025

By Stephen Nakrosis

Cadence Bank said its board approved a new share-repurchase plan for up to 10 million shares of common stock.

The repurchase program is subject to, and will be effective upon, approval from the Federal Reserve, and will expire on December 31, the company said Friday.

The financial-services company has a market cap of $5.31 billion, 182.73 million shares outstanding, and a public float of 180.98 million shares.

The company's stock closed Friday's regular session at $28.85, losing less than 1% on the day. In the after-hours session, the stock was up 1.1%, trading at $29.17.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 25, 2025 16:58 ET (20:58 GMT)

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