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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.