Latest news with #CadenceBank
Yahoo
4 days ago
- Business
- Yahoo
Encore Enterprises Doubles-Down on Dallas: Acquires Class B Commercial Medical Office Building, Reopens Corporate HQ as Owner-Occupied Tenant
Despite tough lending climate, banks' continued struggle with commercial office portfolios, Encore secures loan on $7 million property through Cadence Bank in new relationship DALLAS, June 09, 2025--(BUSINESS WIRE)--Encore Enterprises, Inc. (Encore) today announced the acquisition of a two-story, Class B medical office building at $114 PSF with 61,356 rentable square feet, located at 16980 N. Dallas Parkway. Situated on 3.144 acres fronting the N. Dallas Tollway north of Westgrove, adjacent to the Quorum/Bent Tree submarket, Encore financed the $7 million property through a bank loan from the Dallas Commercial & Industrial team at Cadence Bank in the inaugural business transaction between the entities. The acquisition grows the Encore Commercial, LLC portfolio to 27 properties under management and marks the sole commercial office asset in the mix. "Dallas pride runs deep in the heart of Encore Enterprises, where for 26 years we've called this thriving metroplex home," said Bharat Sangani, M.D., chairman and CEO, Encore Enterprises. "With the acquisition 16980 N. Dallas Parkway, we cement our future in one of the strongest performing economies in the nation while also helping reinvigorate Dallas' tough office market." Built in 1985 and renovated between 2015-2017, 16980 N. Dallas Parkway is 58.2% occupied by five strong credit tenants, four of which have been in the building over 10 years, with no lease expirations until 2026. Encore Enterprises will self-manage the property and relocate its corporate headquarters there. The building features high-quality construction with a brick and glass façade and 50 below-grade garage spaces alongside 22 covered surface parking spaces. With easy access to the President George Bush Turnpike, 16980 N. Dallas Parkway is 15 miles from downtown Dallas, 13 miles from Love Field Airport and 20 miles from DFW International Airport. There are over 70 restaurants and 22 lodging options within three miles, and over 80 retail establishments and nine nature trails within six miles. Just over 1 acre of partially paved vacant land along the N. Dallas Parkway frontage road remains green space for future development. "Despite sector volatility and a challenging lending environment, securing financing for an owner-occupied office building remains achievable for elite buyers like Encore Enterprises who not only have a remarkable performance track record and deep experience managing commercial properties, but also robust financial strength," said Sam Manohar, Cadence Bank SVP, senior relationship manager in Dallas. "After a comprehensive audit of all financials and portfolio assets, it was clear there was a strategic opportunity to finance 16980 N. Dallas Parkway and commence a new partnership with a financially resilient and established company like Encore." About Encore Enterprises, Inc. Founded in 1999, Encore Enterprises, Inc. (Encore) is a Dallas-based vertically integrated, diversified investment firm. Since inception, Encore has completed over 150 commercial real estate transactions valued at $3.7 billion, with $1.8 billion current AUM across 32 states. Focusing on opportunistic and value-add strategies in non-gateway markets throughout the U.S., Encore develops, acquires and manages mixed-use retail centers, multifamily apartment developments, limited and full-service hotels, commercial office buildings and Veterans' administration medical office centers. Encore also acquires operating companies in the medical, dental and restaurant industries as part of its sustainable investment model. Encore boasts one of the best 26-year track records in the industry, underscoring the firm's focus on operational stability, prioritization of capital preservation and strength across market cycles. Encore investment offerings are available through Ignite Investments, a wholly owned subsidiary and the exclusive investor relations platform for Encore Enterprises. To learn more, visit About Cadence Bank Cadence Bank (NYSE: CADE) is a $50 billion regional financial services company committed to helping people, companies and communities prosper. With more than 350 locations spanning the South and Texas, Cadence offers comprehensive services and products including commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning and retirement plan management, consumer banking, consumer loans, mortgages, home equity lines and loans, and credit cards to meet the needs of individuals, businesses and corporations. Accolades include being recognized as one of the nation's best employers by Forbes and U.S. News & World Report and a "2025 America's Best Banks" by Forbes. Cadence maintains corporate offices in Houston and Tupelo, Miss., and has dutifully served customers for nearly 150 years. Learn more at Cadence Bank, Member FDIC. Equal Housing Lender. View source version on Contacts Anita Mellonamellon@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Journals
01-05-2025
- Business
- Business Journals
Cadence Bank closes acquisition of Georgia-based bank in less than 100 days
This is the Houston- and Tupelo, Mississippi-based bank's first deal since 2021, when the merger between Cadence Bancorp and BancorpSouth Bank closed, forming the current Cadence Bank. The second has already been announced.
Yahoo
30-04-2025
- Business
- Yahoo
3 High-Yield Dividend Stocks Offering Up To 9.8%
The United States market has shown positive momentum, with a 5.2% increase over the past week and a 9.9% climb in the last year, while earnings are projected to grow by 14% annually. In this environment, identifying high-yield dividend stocks can be an effective strategy for investors seeking steady income and potential growth opportunities. Name Dividend Yield Dividend Rating Columbia Banking System (NasdaqGS:COLB) 6.34% ★★★★★★ Dillard's (NYSE:DDS) 7.58% ★★★★★★ First Interstate BancSystem (NasdaqGS:FIBK) 6.77% ★★★★★★ Ennis (NYSE:EBF) 5.55% ★★★★★★ Douglas Dynamics (NYSE:PLOW) 4.91% ★★★★★☆ Valley National Bancorp (NasdaqGS:VLY) 5.07% ★★★★★☆ Southside Bancshares (NYSE:SBSI) 5.02% ★★★★★☆ Huntington Bancshares (NasdaqGS:HBAN) 4.23% ★★★★★☆ Carter's (NYSE:CRI) 9.44% ★★★★★☆ Omega Flex (NasdaqGM:OFLX) 4.45% ★★★★★☆ Click here to see the full list of 154 stocks from our Top US Dividend Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Ardmore Shipping Corporation is involved in the global seaborne transportation of petroleum products and chemicals, with a market cap of $386.81 million. Operations: Ardmore Shipping Corporation generates revenue of $405.78 million from the transportation of refined petroleum products and chemicals. Dividend Yield: 9.8% Ardmore Shipping offers a high dividend yield of 9.82%, placing it in the top 25% of US dividend payers, though its dividends have been volatile and unreliable over the past decade. The company's dividends are well-covered by earnings and cash flows, with payout ratios of 30.8% and 38.7%, respectively. Despite recent decreases in net income to US$6.94 million, Ardmore maintains a low price-to-earnings ratio of 3x, suggesting potential value for investors seeking dividend income amidst market volatility. Navigate through the intricacies of Ardmore Shipping with our comprehensive dividend report here. In light of our recent valuation report, it seems possible that Ardmore Shipping is trading behind its estimated value. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Cadence Bank offers commercial banking and financial services in the United States, with a market cap of approximately $5.35 billion. Operations: Cadence Bank generates its revenue through various segments, including commercial banking and financial services within the United States. Dividend Yield: 3.7% Cadence Bank's dividend yield of 3.65% is below the top 25% of US dividend payers, yet its dividends have been stable and growing over the past decade. With a low payout ratio of 35.3%, dividends are well covered by earnings and forecasted to remain sustainable. Recent announcements include a quarterly cash dividend and a share repurchase program subject to regulatory approval, reflecting potential shareholder value enhancement amidst solid financial performance with net income at US$133.22 million for Q1 2025. Unlock comprehensive insights into our analysis of Cadence Bank stock in this dividend report. Our valuation report here indicates Cadence Bank may be undervalued. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Global Ship Lease, Inc. owns and charters containerships under fixed-rate agreements to container shipping companies globally, with a market cap of approximately $761.18 million. Operations: Global Ship Lease, Inc. generates revenue primarily from its Transportation - Shipping segment, amounting to $705.53 million. Dividend Yield: 9.8% Global Ship Lease's dividends have been volatile and unreliable over the past decade, though recent increases suggest a shift towards stability. The company announced a 40% increase in its overall dividend, now at US$2.10 per share annually. Despite past volatility, dividends are well covered by earnings (17.7% payout ratio) and cash flows (40% cash payout ratio). Recent financials show strong performance with net income rising to US$353.63 million for 2024, supporting dividend sustainability efforts. Click here to discover the nuances of Global Ship Lease with our detailed analytical dividend report. Our comprehensive valuation report raises the possibility that Global Ship Lease is priced lower than what may be justified by its financials. Get an in-depth perspective on all 154 Top US Dividend Stocks by using our screener here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:ASC NYSE:CADE and NYSE:GSL. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Business Journals
28-04-2025
- Business
- Business Journals
Cadence Bank agrees to acquire Industry Bancshares Inc.
Houston-based Cadence Bank will add 27 branches and nearly 340 employees as a result of the deal.
Yahoo
28-04-2025
- Business
- Yahoo
Cadence Bank seals deal to buy Industry Bancshares
Cadence Bank is set to expand in the US with the acquisition of Texas-based Industry Bancshares for a consideration of $20m-60m. The companies have entered a definitive merger deal in this regard. As per the agreed terms,Cadence Bank will purchase all outstanding common stock of Industry Bancshares for a cash payment ranging from $20m to $60m, depending on the company's equity capital at the time of closing, along with certain conditions and adjustments. Industry Bancshares is the parent company of Bank of Brenham, Citizens State Bank, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville, and The First National Bank of Shiner. The deal has received unanimous approval from the boards of directors of both companies. Industry Bancshares executive chairman Carl Chaney said: 'Cadence shares our deep commitment to building strong relationships and doing what is right for our customers and communities.' Industry Bancshares, founded in 1911 and based in Industry, Texas, operates 27 full-service branches across Central and Southeast Texas. As of 31 March 2025, the company reported total assets of $4.4bn, total loans of $1.1bn, and total deposits of $4.5bn. Key personnel from Industry Bancshares, namely Doak Hartley, Michelle Hodge, Mike Mueller, Brent Jones, Gary Durrenberger, Kyle Holloway, Lisa Moeller, and Mike Kalina, are expected to retain their positions within the merged entity. Customers of Industry's six bank subsidiaries will continue to receive services from their existing bankers. Cadence Bank chairman and CEO said: 'We are all deeply focused on taking care of our customers and the communities we serve. 'Because we operate in very similar markets across Texas and the South, we understand the needs of these local economies and can bring expanded product offerings and increased lending opportunities to fuel future growth.' The deal is anticipated to be finalised in the second half of 2025, contingent on regulatory and shareholder approvals as well as other standard closing conditions. Hovde Group was financial advisor to Industry Bancshares and Alston & Bird was legal counsel. Cadence Bank received financial guidance from UBS Investment Bank and legal advice from Sullivan & Cromwell. In January this year, Cadence Bank agreed to acquire FCB Financial, the parent company of First Chatham Bank, in a deal worth approximately $103.6m. "Cadence Bank seals deal to buy Industry Bancshares" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
