Cadence Bank (NYSE:CADE) Q3 2023 Earnings Call Transcript

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Dan Rollins: All right. Thank you all again for joining us today. We manage our company for our shareholders. And as I’ve said for some time, we know we had the premier bank-owned insurance agency and this obviously proved true with the valuation multiple that we were able to achieve. The ability to improve our capital position, improve our earnings position and improve our efficiency was just too good to pass up. This unique opportunity where everyone is a winner. Our shareholders win, our insurance teammates win, our insurance clients win, the communities we serve win. As we look forward, we’re committed to improving our performance. Our planned bond restructuring will obviously be a benefit to us as the options this transaction provides will allow us to fast-forward some of our improvement plans and reward our shareholders. Thanks again for joining today. We look forward to visiting with you all soon.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.

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