Cadence Bank (NYSE:CADE) Q2 2022 Earnings Conference Call July 26, 2022 11:00 AM ET

Company Participants

Dan Rollins - Chairman & CEO

Valerie Toalson - Senior EVP & CFO

Hank Holmes - Senior EVP & Chief Banking Officer

Chris Bagley - President

Paul Murphy - Executive Vice Chairman

Conference Call Participants

Jennifer Demba - Truist Securities

Michael Rose - Raymond James

Brad Milsaps - Piper Sandler

Brett Rabatin - Hovde Group

Matt Olney - Stephens

Kevin Fitzsimmons - D.A. Davidson

Catherine Mealor - KBW

Jon Arfstrom - RBC Capital Markets

Operator

Good morning, and thank you for joining the Cadence Bank's Second Quarter 2022 Earnings Conference Call. We have our executive management team here with us this morning, Dan, Paul, Chris, Valerie and Hank. 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 Web site. 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 to Dan Rollins for his opening remarks.

Dan Rollins

Good morning, everyone. Thank you for joining us today to discuss Cadence Bank's Second Quarter 2022 Financial Results. Our team continues to be very pleased with the progress we are making toward finalizing our combination. Our results for the quarter certainly shine a light on some of our accomplishments. Today, I will provide a brief integration update, and I'll also cover a few highlights this morning, and Valerie will dive deeper into the financial results. After we conclude these prepared remarks, our executive management team is available for questions.

We continue to successfully work through our operational integration plan. As we've mentioned in the past, we have several ancillary system conversions that either have been or will be completed prior to the core conversion. For example, earlier this month, we successfully completed the conversion of all of our mortgage loans onto one platform. We also continue to reach key milestones related to our core system conversion scheduled for later this year. For example, we have completed the renumbering of all duplicate accounts. We are currently in the process of converting over our ATM or ITM fleet to one platform, and we have now successfully completed two mock conversions. Our operations and technology teams have put forth a tremendous effort, working long hours over many months to get us to this point. Our executive management team is extremely proud of this progress and confident we are on schedule to complete the system conversion in the fourth quarter.