SCHEDULE: FMR LLC Reduces Cadence Bank Stake Below 5%

FMR LLC and Abigail P. Johnson have reported a reduction in their beneficial ownership of Cadence Bank common stock to 4.4%, falling below the 5% threshold.

Summary

• FMR LLC and Abigail P. Johnson filed an Amendment No. 2 to Schedule 13G concerning their beneficial ownership of Cadence Bank common stock.
• As of September 30, 2025, the aggregate beneficial ownership by FMR LLC and Abigail P. Johnson is 8,062,879.77 shares.
• This ownership represents 4.4% of Cadence Bank's common stock, which is below the 5% reporting threshold for initial Schedule 13G filings.
• FMR LLC holds sole voting power over 8,047,099.00 shares and sole dispositive power over 8,062,879.77 shares.
• Abigail P. Johnson holds sole dispositive power over 8,062,879.77 shares, but no sole or shared voting power.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Cadence Bank.
• The filing was made jointly by FMR LLC and Abigail P. Johnson under a Rule 13d-1(k)(1) agreement.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of an institutional investor reducing its stake below a reporting threshold. While a reduction could be seen as slightly negative, it's a common portfolio adjustment and not indicative of specific negative news about the issuer from the filing itself. It's neutral in terms of direct impact from the filing's content.

Positives

• NA

Negatives

• The reduction in beneficial ownership by FMR LLC and Abigail P. Johnson to 4.4% means they are no longer a significant shareholder requiring a Schedule 13G filing, which could be interpreted by some investors as a decrease in conviction or a portfolio rebalancing decision.

Risks

• NA

Future Outlook

NA

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing reflects a routine adjustment in an institutional investor's portfolio. Large institutional investors frequently adjust their holdings in publicly traded companies based on market conditions, investment strategies, or rebalancing needs, which is a common practice in the financial industry.

Stakeholder Impact

• Shareholders: May observe a reduction in institutional ownership, which could lead to minor shifts in investor sentiment or trading activity.
• Management: Will note the change in the composition of their significant shareholder base.

Key Dates

Keywords

Cadence Bank, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investor, ownership reduction, SEC filing