Pomerantz LLP

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Cadence Bancorporation

We are investigating Cadence Bancorporation (CADE) (“Cadence” or the “Company”) for potential violations of the federal securities laws. 

On July 22, 2019, Cadence disclosed that “higher credit costs including net charge-offs of $18.6 million and loan provisions of $28.9 million” negatively impacted its second quarter 2019 financial results.  On this news, Cadence’s stock price fell $3.75 per share, or over 19%, to close at $15.86 per share on July 22, 2019.