Cadence Bank (NYSE:CADE) Q1 2023 Earnings Conference Call April 25, 2023 11:00 AM ET

Company Participants

Will Fisackerly - Director of Corporate Finance

James Rollins - Chairman and CEO

Valerie Toalson - Senior EVP and CFO

Chris Bagley - President

Hank Holmes - Senior EVP and Chief Banking Officer

Billy Braddock - Chief Credit Officer

Conference Call Participants

Brad Milsaps - Piper Sandler

Manan Gosalia - Morgan Stanley

Kevin Fitzsimmons - D.A. Davidson

Brett Rabatin - Hovde Group

Catherine Mealor - KBW

Jon Arfstrom - RBC Capital Markets

Brandon King - Truist Securities

Matt Olney - Stephens

Brody Preston - UBS

Michael Rose - Raymond James

Operator

Good morning, and welcome to the Cadence Bank First Quarter 2023 Conference Call. All participants will be in a listen-only mode for the duration of the call. [Operator Instructions]

I would now like to turn the conference over to Will Fisackerly, Director of Corporate Finance. Please go ahead, sir.

Will Fisackerly

Good morning, and thank you for joining the Cadence Bank first quarter 2023 earnings conference call. We have our executive management team here with us this morning Dan Rollins, Chris Bagley, Valerie Toalson, Hank Holmes. 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 today 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 contains our customary disclosures around forward-looking statements and any non-GAAP metrics that might be discussed. The disclosures regarding forward-looking statements contained in those documents apply to our presentation today.

And now I'll turn to Dan for his opening comments.

James Rollins

Good morning, everyone. Thank you for joining us today to discuss Cadence Bank's first quarter 2023 financial results.

I will start with a few general comments and highlights, and Valerie will review financials in more detail. Following our prepared remarks our full executive management team is available for questions. While it was clearly a very unique quarter for the industry, I believe our customer base and our company's first quarter results generally reflect a business as usual operating environment, while we added some additional on balance sheet liquidity including borrowings and broker deposits simply out of an abundance of caution customer behavior including deposit flows were actually pretty normal during the first quarter.