CADE - Cadence Bank (CADE) Q4 2023 Earnings Call Transcript
2024-01-30 18:30:21 ET
Cadence Bank (CADE)
Q4 2023 Earnings Conference Call
January 30, 2024, 11:00 AM ET
Company Participants
Will Fisackerly - Director of Finance
Dan Rollins - Chairman & Chief Executive Officer
Valerie Toalson - Chief Financial Officer
Billy Braddock - Chief Credit Officer
Chris Bagley - President
Hank Holmes - Chief Banking Officer
Conference Call Participants
Catherine Mealor - KBW
Stephen Scouten - Piper Sandler
Casey Haire - Jefferies
Manan Gosalia - Morgan Stanley
Brett Rabatin - Hovde Group
Brandon King - Truist Securities
Joe Yanchunis - Raymond James
Matt Olney - Stephens
Ben Gerlinger - Citi
Brody Preston - UBS
Gary Tenner - D.A. Davidson
Jon Arfstrom - RBC Capital Markets
Presentation
Operator
Good day, and welcome to the Cadence Bank Fourth Quarter 2023 Webcast and Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, today's event is being recorded.
I would now like to turn the conference over to Will Fisackerly, Director of Finance. Please go ahead.
Will Fisackerly
Good morning, and thank you for joining the Cadence Bank fourth quarter 2023 earnings conference call.
We have members from our executive management team here with us this morning; Dan Rollins, Chris Bagley, Valerie Toalson, Hank Holmes, and Billy Braddock. Our speakers will be referring to prepared slides during the discussion. You can find the slides by going to our Investor Relations page at ir.cadencebank.com where you'll find them on the link to our webcast or you can view them at the exhibit to the 8-K that we filed yesterday afternoon. These slides are also in the Presentations section of our Investor Relations website.
I would remind you that the presentation, along with our earnings release, contain our customary disclosures around forward-looking statements, and any non-GAAP metrics that may be discussed. The disclosures regarding forward-looking statements contained in those documents apply to our presentation today.
And now, I'll turn it to Dan for his opening comments.
Dan Rollins
Good morning. We appreciate your interest in Cadence Bank.
I will make a few comments regarding both our fourth quarter and full year 2023 results, and then Valerie will dive into the financials in more detail. Our executive management team will be available for questions following our remarks.
Oh, what a year 2023 was for our industry, and specifically for our company. I'm extremely proud of our team's efforts throughout the year. We came into 2023 focused on improving our performance. And as we look into 2024, our goal is to build upon our accomplishments in 2023.
Looking back, we set out to improve our capital ratios, improve our portfolio yield, lower our efficiency ratio by lowering our expenses, and after March, enhance our liquidity. As we review our results, you will hear about significant progress in all of these measures, which certainly sets the stage for our continued improvement this year and beyond....
Cadence Bank (CADE) Q4 2023 Earnings Call Transcript