Cadence Bank (Cadence Bank) Credit Losses Provision : $92 Mil (As of Mar. 2024)

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What is Cadence Bank Credit Losses Provision?

Cadence Bank's credit losses provision for the three months ended in Mar. 2024 was $22 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $92 Mil.

Cadence Bank's quarterly credit losses provision increased from Sep. 2023 ($17 Mil) to Dec. 2023 ($38 Mil) but then declined from Dec. 2023 ($38 Mil) to Mar. 2024 ($22 Mil).

Cadence Bank's annual credit losses provision declined from Dec. 2021 ($138 Mil) to Dec. 2022 ($7 Mil) but then increased from Dec. 2022 ($7 Mil) to Dec. 2023 ($80 Mil).

Cadence Bank Credit Losses Provision Historical Data

The historical data trend for Cadence Bank's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cadence Bank Credit Losses Provision Chart

Cadence Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1.50

89.04

138.06

7.00

80.00

Cadence Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															10.00	15.00	17.00	38.00	22.00

Cadence Bank Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $92 Mil.

Cadence Bank (Cadence Bank) Business Description

Industry

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CADEpA.PFD:USA

Address

201 South Spring Street, One Mississippi Plaza, Tupelo, MS, USA, 38804

Website

https://www.cadencebank.com

Cadence Bank is a bank based in the United States. The operating segments 1) Banking Services segment provides all traditional banking products and services, including commercial loans and deposits. 2) Mortgage segment includes mortgage banking activities of originating mortgage loans, and selling mortgage loans in the secondary market.3) Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities solutions to help protect, grow and transfer wealth. 4) Insurance Agencies segment provides service as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, etc. 5) General Corporate and Other segment included other activities not allocated to other aforementioned operating segments.