EX-99.1

Exhibit 99.1

CADENCE BANCORPORATION

Unaudited Consolidated Financial Data

Selected Financial Data


	As of and for the Three Months Ended												For the Year Ended December 31,
(In thousands, except per share data)	December 31, 2017			September 30, 2017		June 30, 2017		March 31, 2017		December 31, 2016			2017		2016
Statement of Operations Data:
Interest income	$	108,370		$	99,503	$	99,375	$	89,619	$	87,068		$	396,867	$	335,250
Interest expense		20,459			18,340		16,991		14,861		14,570			70,651		55,811

Net interest income		87,911			81,163		82,384		74,758		72,498			326,216		279,439
Provision for credit losses		(4,475	)		1,723		6,701		5,786		(5,222	)		9,735		49,348

Net interest income after provision		92,386			79,440		75,683		68,972		77,720			316,481		230,091
Noninterest income - service fees and revenue		22,405			23,014		22,144		22,489		20,605			90,052		81,976
- other noninterest income		3,251			4,110		845		1,616		1,755			9,822		6,427
Noninterest expense		66,371			56,530		56,134		54,321		55,394			233,356		220,180

Income before income taxes		51,671			50,034		42,538		38,756		44,686			182,999		98,314
Income tax expense		36,980			17,457		13,570		12,639		15,701			80,646		32,540

Net income	$	14,691		$	32,577	$	28,968	$	26,117	$	28,985		$	102,353	$	65,774

Period-End Balance Sheet Data:
Investment securities, available-for-sale	$	1,262,948		$	1,198,032	$	1,079,935	$	1,116,280	$	1,139,347		$	1,262,948	$	1,139,347
Total loans, net of unearned income		8,253,427			8,028,938		7,716,621		7,561,472		7,432,711			8,253,427		7,432,711
Allowance for credit losses		87,576			94,765		93,215		88,304		82,268			87,576		82,268
Total assets		10,948,926			10,502,261		9,811,557		9,720,937		9,530,888			10,948,926		9,530,888
Total deposits		9,011,515			8,501,102		7,930,383		7,841,710		8,016,749			9,011,515		8,016,749
Noninterest-bearing deposits		2,242,765			2,071,594		1,857,809		1,871,514		1,840,955			2,242,765		1,840,955
Interest-bearing deposits		6,768,750			6,429,508		6,072,574		5,970,196		6,175,794			6,768,750		6,175,794
Borrowings and subordinated debentures		470,814			572,683		499,266		682,568		331,712			470,814		331,712
Total shareholders’ equity		1,359,056			1,340,848		1,304,054		1,105,976		1,080,498			1,359,056		1,080,498
Average Balance Sheet Data:
Investment securities, available-for-sale	$	1,228,330		$	1,169,182	$	1,099,307	$	1,125,174	$	1,060,821		$	1,155,819	$	1,001,317
Total loans, net of unearned income		8,226,294			7,867,794		7,650,048		7,551,173		7,375,446			7,825,763		7,186,635
Allowance for credit losses		94,968			94,706		90,366		82,258		95,042			90,621		90,264
Total assets		10,586,245			10,024,871		9,786,355		9,670,593		9,596,574			10,020,036		9,271,629
Total deposits		8,635,473			8,139,969		7,940,421		8,025,068		7,925,281			8,186,781		7,655,302
Noninterest-bearing deposits		2,170,758			1,982,784		1,845,447		1,857,657		1,784,422			1,965,070		1,688,405
Interest-bearing deposits		6,464,715			6,157,185		6,094,974		6,167,411		6,140,859			6,221,711		5,966,897
Borrowings and subordinated debentures		502,428			484,798		510,373		474,976		500,045			493,196		452,685
Total shareholders’ equity		1,348,867			1,320,884		1,251,217		1,090,905		1,094,182			1,253,861		1,093,604

CADENCE BANCORPORATION

Unaudited Consolidated Financial Data

Selected Financial Data (Continued)


	As of and for the Three Months Ended															For the Year Ended December 31,
(In thousands, except per share data)	December 31, 2017			September 30, 2017			June 30, 2017			March 31, 2017			December 31, 2016			2017			2016
Per Share Data:(3)
Earnings
Basic	$	0.18		$	0.39		$	0.35		$	0.35		$	0.39		$	1.26		$	0.88
Diluted		0.17			0.39			0.35			0.35			0.38			1.25			0.87
Book value per common share		16.25			16.03			15.59			14.75			14.41			16.25			14.41
Tangible book value (1)		12.33			12.10			11.64			10.33			9.97			12.33			9.97
Weighted average common shares outstanding
Basic		83,625,000			83,625,000			81,918,956			75,000,000			75,000,000			81,072,945			75,000,000
Diluted		84,717,005			83,955,685			81,951,795			75,672,750			75,402,525			81,605,015			75,294,600
Performance Ratios:
Return on average common equity (2)		4.32	%		9.78	%		9.29	%		9.71	%		10.54	%		8.16	%		6.01	%
Return on average tangible common equity (1) (2)		5.71			13.04			12.63			13.96			15.16			11.08			8.68
Return on average assets (2)		0.55			1.29			1.19			1.10			1.20			1.02			0.71
Net interest margin (2)		3.59			3.52			3.71			3.46			3.31			3.57			3.30
Efficiency ratio (1)		58.44			52.20			53.27			54.95			58.40			54.77			59.86
Asset Quality Ratios:
Total nonperforming assets (“NPAs”) to total loans and OREO and other NPAs		0.85	%		1.51	%		1.82	%		2.25	%		2.22	%		0.85	%		2.22	%
Total nonperforming loans to total loans		0.58			0.96			1.36			1.77			1.73			0.58			1.73
Total ACL to total loans		1.06			1.18			1.21			1.17			1.11			1.06			1.11
ACL to total nonperforming loans (“NPLs”)		183.62			122.66			88.81			65.80			63.83			183.62			63.80
Net charge-offs to average loans (2)		0.13			0.01			0.09			(0.01	)		0.20			0.06			0.65
Capital Ratios:
Total shareholders’ equity to assets		12.41	%		12.77	%		13.29	%		11.38	%		11.34	%		12.41	%		11.34	%
Tangible common equity to tangible assets (1)		9.71			9.95			10.27			8.25			8.13			9.71			8.13
Common equity tier 1 (CET1) (transitional)		10.57			10.79			10.92			8.99			8.84			10.57			8.84
Tier 1 leverage capital		10.68			11.12			11.00			9.10			8.89			10.68			8.89
Tier 1 risk-based capital		10.94			11.17			11.31			9.36			9.19			10.94			9.19
Total risk-based capital		12.81			13.18			13.41			11.43			11.22			12.81			11.22

(1)	Considered a non-GAAP financial measure. See Table 7 “Reconciliation of Non-GAAP Financial Measures” for a reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measure.

(2)	Annualized.

(3)	As of the completion of a secondary offering on November 13, 2017, 64,075,000 of our outstanding shares are owned by our parent-holding company Cadence Bancorp LLC. Cadence Bancorp LLC owned 75,000,000 of our outstanding shares before the secondary offering.

CADENCE BANCORPORATION

Unaudited Consolidated Financial Data

Average Balances/Yield/Rates


	For the Three Months Ended December 31,
	2017									2016
	Average			Income/			Yield/			Average			Income/			Yield/
(In thousands)	Balance			Expense			Rate			Balance			Expense			Rate
ASSETS
Interest-earning assets:
Loans, net of unearned income(1)
Originated and ANCI loans	$	7,961,692		$	89,762			4.47	%	$	7,037,980		$	71,237			4.03	%
ACI portfolio		264,602			8,145			12.21			337,466			7,813			9.21

Total loans		8,226,294			97,907			4.72			7,375,446			79,050			4.26
Investment securities
Taxable		817,971			5,000			2.43			676,148			3,418			2.01
Tax-exempt (2)		410,359			5,047			4.88			384,673			4,814			4.98

Total investment securities		1,228,330			10,047			3.25			1,060,821			8,232			3.09
Federal funds sold and short-term investments		409,317			1,151			1.12			436,665			783			0.71
Other investments		51,318			1,030			7.96			48,643			688			5.63

Total interest-earning assets		9,915,259			110,135			4.41			8,921,575			88,753			3.96
Noninterest-earning assets:
Cash and due from banks		66,849									44,851
Premises and equipment		64,730									67,608
Accrued interest and other assets		634,375									657,582
Allowance for credit losses		(94,968	)								(95,042	)

Total assets	$	10,586,245								$	9,596,574

LIABILITIES AND STOCKHOLDERS’ EQUITY
Interest-bearing liabilities:
Demand deposits	$	4,424,371		$	7,844			0.70	%	$	4,404,779		$	4,973			0.45	%
Savings deposits		177,413			112			0.25			179,094			111			0.25
Time deposits		1,862,931			7,129			1.52			1,556,986			4,325			1.11

Total interest-bearing deposits		6,464,715			15,085			0.93			6,140,859			9,409			0.61
Other borrowings		367,373			3,021			3.26			365,728			2,854			3.10
Subordinated debentures		135,055			2,353			6.91			134,317			2,307			6.83

Total interest-bearing liabilities		6,967,143			20,459			1.17			6,640,904			14,570			0.87
Noninterest-bearing liabilities:
Demand deposits		2,170,758									1,784,422
Accrued interest and other liabilities		99,477									77,066

Total liabilities		9,237,378									8,502,392
Stockholders’ equity		1,348,867									1,094,182

Total liabilities and stockholders’ equity	$	10,586,245								$	9,596,574

Net interest income/net interest spread					89,676			3.24	%					74,183			3.09	%

Net yield on earning assets/net interest margin								3.59	%								3.31	%

Taxable equivalent adjustment:
Investment securities					(1,765	)								(1,685	)

Net interest income				$	87,911								$	72,498

(1)	Nonaccrual loans are included in loans, net of unearned income. No adjustment has been made for these loans in the calculation of yields.

(2)	Interest income and yields are presented on a fully taxable equivalent basis using a tax rate of 35%.

CADENCE BANCORPORATION

Unaudited Consolidated Financial Data


	For the Three Months Ended December 31, 2017									For the Three Months Ended September 30, 2017
	Average			Income/			Yield/			Average			Income/			Yield/
(In thousands)	Balance			Expense			Rate			Balance			Expense			Rate
ASSETS
Interest-earning assets:
Loans, net of unearned income(1)
Originated and ANCI loans	$	7,961,692		$	89,762			4.47	%	$	7,587,556		$	84,321			4.41	%
ACI portfolio		264,602			8,145			12.21			280,238			5,840			8.27

Total loans		8,226,294			97,907			4.72			7,867,794			90,161			4.55
Investment securities
Taxable		817,971			5,000			2.43			760,269			4,610			2.41
Tax-exempt (2)		410,359			5,047			4.88			408,913			5,046			4.90

Total investment securities		1,228,330			10,047			3.25			1,169,182			9,656			3.28
Federal funds sold and short-term investments		409,317			1,151			1.12			267,684			1,072			1.59
Other investments		51,318			1,030			7.96			49,661			380			3.04

Total interest-earning assets		9,915,259			110,135			4.41			9,354,321			101,269			4.30
Noninterest-earning assets:
Cash and due from banks		66,849									60,760
Premises and equipment		64,730									65,308
Accrued interest and other assets		634,375									639,188
Allowance for credit losses		(94,968	)								(94,706	)

Total assets	$	10,586,245								$	10,024,871

LIABILITIES AND STOCKHOLDERS’ EQUITY
Interest-bearing liabilities:
Demand deposits	$	4,424,371		$	7,844			0.70	%	$	4,329,086		$	7,300			0.67	%
Savings deposits		177,413			112			0.25			180,099			113			0.25
Time deposits		1,862,931			7,129			1.52			1,648,000			5,665			1.36

Total interest-bearing deposits		6,464,715			15,085			0.93			6,157,185			13,078			0.84
Other borrowings		367,373			3,021			3.26			349,925			2,926			3.32
Subordinated debentures		135,055			2,353			6.91			134,873			2,336			6.87

Total interest-bearing liabilities		6,967,143			20,459			1.17			6,641,983			18,340			1.10
Noninterest-bearing liabilities:
Demand deposits		2,170,758									1,982,784
Accrued interest and other liabilities		99,477									79,220

Total liabilities		9,237,378									8,703,987
Stockholders’ equity		1,348,867									1,320,884

Total liabilities and stockholders’ equity	$	10,586,245								$	10,024,871

Net interest income/net interest spread					89,676			3.24	%					82,929			3.20	%

Net yield on earning assets/net interest margin								3.59	%								3.52	%

Taxable equivalent adjustment:
Investment securities					(1,765	)								(1,766	)

Net interest income				$	87,911								$	81,163

(1)	Nonaccrual loans are included in loans, net of unearned income. No adjustment has been made for these loans in the calculation of yields.

(2)	Interest income and yields are presented on a fully taxable equivalent basis using a tax rate of 35%.

CADENCE BANCORPORATION

Unaudited Consolidated Financial Data


	For the Year Ended December 31,
	2017									2016
	Average			Income/			Yield/			Average			Income/			Yield/
(In thousands)	Balance			Expense			Rate			Balance			Expense			Rate
ASSETS
Interest-earning assets:
Loans, net of unearned income(1)
Originated and ANCI loans	$	7,535,099		$	327,857			4.35	%	$	6,811,616		$	268,984			3.95	%
ACI portfolio		290,664			31,451			10.82			375,019			36,569			9.75

Total loans		7,825,763			359,308			4.59			7,186,635			305,553			4.25
Investment securities
Taxable		747,590			18,089			2.42			725,100			15,838			2.18
Tax-exempt (2)		408,229			20,554			5.03			276,217			13,464			4.87

Total investment securities		1,155,819			38,643			3.34			1,001,317			29,302			2.93
Federal funds sold and short-term investments		313,683			3,336			1.06			368,669			2,419			0.66
Other investments		49,781			2,774			5.57			46,364			2,688			5.80

Total interest-earning assets		9,345,046			404,061			4.32			8,602,985			339,962			3.95
Noninterest-earning assets:
Cash and due from banks		60,108									47,569
Premises and equipment		65,428									69,290
Accrued interest and other assets		640,075									642,049
Allowance for credit losses		(90,621	)								(90,264	)

Total assets	$	10,020,036								$	9,271,629

LIABILITIES AND STOCKHOLDERS’ EQUITY
Interest-bearing liabilities:
Demand deposits	$	4,360,252		$	27,030			0.62	%	$	4,122,667		$	17,832			0.43	%
Savings deposits		181,500			456			0.25			178,397			423			0.24
Time deposits		1,679,959			22,213			1.32			1,665,833			17,191			1.03

Total interest-bearing deposits		6,221,711			49,699			0.80			5,966,897			35,446			0.59
Other borrowings		358,413			11,644			3.25			318,668			11,215			3.52
Subordinated debentures		134,783			9,308			6.91			134,017			9,150			6.83

Total interest-bearing liabilities		6,714,907			70,651			1.05			6,419,582			55,811			0.87
Noninterest-bearing liabilities:
Demand deposits		1,965,070									1,688,405
Accrued interest and other liabilities		86,198									70,038

Total liabilities		8,766,175									8,178,025
Stockholders’ equity		1,253,861									1,093,604

Total liabilities and stockholders’ equity	$	10,020,036								$	9,271,629

Net interest income/net interest spread					333,410			3.27	%					284,151			3.08	%

Net yield on earning assets/net interest margin								3.57	%								3.30	%

Taxable equivalent adjustment:
Investment securities					(7,194	)								(4,712	)

Net interest income				$	326,216								$	279,439

(1)	Nonaccrual loans are included in loans, net of unearned income. No adjustment has been made for these loans in the calculation of yields.

(2)	Interest income and yields are presented on a fully taxable equivalent basis using a tax rate of 35%.

CADENCE BANCORPORATION

Unaudited Consolidated Financial Data

Loan Interest Income Detail


	For the Three Months Ended,															For the Years Ended December 31,
(In thousands)	December 31, 2017			September 30, 2017			June 30, 2017			March 31, 2017			December 31, 2016			2017			2016
Loan Interest Income Detail
Interest income on loans, excluding ACI loans	$	89,762		$	84,321		$	79,904		$	73,869		$	71,237		$	327,857		$	268,984
Scheduled accretion for the period		5,348			5,550			6,075			6,331			6,845			23,303			30,870
Recovery income for the period		2,797			290			4,450			610			968			8,148			5,699

Accretion on acquired credit impaired (ACI) loans		8,145			5,840			10,525			6,941			7,813			31,451			36,569

Loan interest income	$	97,907		$	90,161		$	90,429		$	80,810		$	79,050		$	359,308		$	305,553

Loan yield, excluding ACI loans		4.47	%		4.41	%		4.36	%		4.14	%		4.03	%		4.35	%		3.95	%
ACI loan yield		12.21			8.27			14.02			8.89			9.21			10.82			9.75

Total loan yield		4.72	%		4.55	%		4.74	%		4.34	%		4.26	%		4.59	%		4.25	%

Allowance for Credit Losses


	For the Three Months Ended															For the Years Ended December 31,
(In thousands)	December 31, 2017			September 30, 2017			June 30, 2017			March 31, 2017			December 31, 2016			2017			2016
Balance at beginning of period	$	94,765		$	93,215		$	88,304		$	82,268		$	91,169		$	82,268		$	79,783
Charge-offs		(2,860	)		(581	)		(2,879	)		(551	)		(3,922	)		(6,871	)		(49,302	)
Recoveries		146			408			1,089			801			243			2,444			2,439

Net (charge-offs) recoveries		(2,714	)		(173	)		(1,790	)		250			(3,679	)		(4,427	)		(46,863	)

Provision for (reversal of) credit losses		(4,475	)		1,723			6,701			5,786			(5,222	)		9,735			49,348

Balance at end of period	$	87,576		$	94,765		$	93,215		$	88,304		$	82,268		$	87,576		$	82,268

CADENCE BANCORPORATION

Unaudited Consolidated Financial Data

Noninterest Income


	For the Three Months Ended											For the Years Ended December 31,
(In thousands)	December 31, 2017		September 30, 2017		June 30, 2017			March 31, 2017		December 31, 2016		2017			2016
Noninterest Income
Investment advisory revenue	$	5,257	$	5,283	$	5,061		$	4,916	$	4,821	$	20,517		$	18,811
Trust services revenue		4,836		4,613		4,584			5,231		4,109		19,264			16,109
Service charges on deposit accounts		3,753		3,920		3,784			3,815		3,614		15,272			13,793
Credit-related fees		3,372		3,306		2,741			2,747		2,875		12,166			10,729
Insurance revenue		1,470		1,950		1,828			2,130		1,577		7,378			7,717
Bankcard fees		1,833		1,803		1,862			1,812		1,813		7,310			7,270
Mortgage banking revenue		687		965		1,213			866		1,019		3,731			4,663
Other service fees earned		1,197		1,174		1,071			972		777		4,414			2,884

Total service fees and revenue		22,405		23,014		22,144			22,489		20,605		90,052			81,976

Securities gains (losses), net		16		1		(244	)		81		1,267		(146	)		3,736
Other		3,235		4,109		1,089			1,535		488		9,968			2,691

Total other noninterest income		3,251		4,110		845			1,616		1,755		9,822			6,427

Total noninterest income (GAAP)		25,656		27,124		22,989			24,105		22,360		99,874			88,403
Less: Securities gains (losses)		16		1		(244	)		81		1,267		(146	)		3,736

Adjusted noninterest operating revenue (Non-GAAP measure)	$	25,640	$	27,123	$	23,233		$	24,024	$	21,093	$	100,020		$	84,667

Noninterest Expense


	For the Three Months Ended										For the Years Ended December 31,
(In thousands)	December 31, 2017		September 30, 2017		June 30, 2017		March 31, 2017		December 31, 2016		2017		2016
Noninterest Expenses
Salaries and employee benefits	$	35,162	$	35,007	$	34,682	$	34,267	$	28,139	$	139,118	$	125,068
Premises and equipment		7,629		7,419		7,180		6,693		7,475		28,921		27,982
Intangible asset amortization		1,085		1,136		1,190		1,241		1,555		4,652		6,532
Net cost of operation of other real estate owned		1,075		453		427		296		1,117		2,251		3,033
Data processing		2,504		1,688		1,702		1,696		1,767		7,590		6,280
Special asset expenses		331		215		469		140		670		1,156		1,788
Consulting and professional fees		4,380		2,069		1,502		1,139		2,288		9,090		6,728
Loan related expenses		810		532		757		280		1,236		2,379		3,114
FDIC insurance		939		889		954		1,493		1,517		4,275		7,228
Communications		857		650		675		655		741		2,837		2,656
Advertising and public relations		683		521		499		345		344		2,048		1,369
Legal expenses		2,626		612		508		432		662		4,178		2,721
Branch closure expenses		55		50		47		46		47		198		238
Other		8,235		5,289		5,542		5,598		7,836		24,663		25,443

Total noninterest expenses	$	66,371	$	56,530	$	56,134	$	54,321	$	55,394	$	233,356	$	220,180

CADENCE BANCORPORATION

Unaudited Consolidated Financial Data

Reconciliation of Non-GAAP Financial Measures


	As of and for the Three Months Ended															As of and for the Years Ended December 31,
(In thousands)	December 31, 2017			September 30, 2017			June 30, 2017			March 31, 2017			December 31, 2016			2017			2016
Efficiency ratio
Noninterest expenses (numerator)	$	66,371		$	56,530		$	56,134		$	54,321		$	55,394		$	233,356		$	220,180

Net interest income	$	87,911		$	81,163		$	82,384		$	74,758		$	72,498		$	326,216		$	279,439
Noninterest income		25,656			27,124			22,989			24,105			22,360			99,874			88,403

Operating revenue (denominator)	$	113,567		$	108,287		$	105,373		$	98,863		$	94,858		$	426,090		$	367,842

Efficiency ratio		58.44	%		52.20	%		53.27	%		54.95	%		58.40	%		54.77	%		59.86	%

Adjusted noninterest expenses and operating revenue
Noninterest expense	$	66,371		$	56,530		$	56,134		$	54,321		$	55,394		$	233,356		$	220,180
Less: Branch closure expenses		55			50			47			46			47			198			238

Adjusted noninterest expenses	$	66,316		$	56,480		$	56,087		$	54,275		$	55,347		$	233,158		$	219,942

Net interest income	$	87,911		$	81,163		$	82,384		$	74,758		$	72,498		$	326,216		$	279,439
Noninterest income		25,656			27,124			22,989			24,105			22,360			99,874			88,403
Less: Securities gains (losses), net		16			1			(244	)		81			1,267			(146	)		3,736

Adjusted operating revenue	$	113,551		$	108,286		$	105,617		$	98,782		$	93,591		$	426,236		$	364,106

Tangible common equity ratio
Shareholders’ equity	$	1,359,056		$	1,340,848		$	1,304,054		$	1,105,976		$	1,080,498		$	1,359,056		$	1,080,498
Less: Goodwill and other intangible assets, net		(328,040	)		(329,124	)		(330,261	)		(331,450	)		(332,691	)		(328,040	)		(332,691	)

Tangible common shareholders’ equity		1,031,016			1,011,724			973,793			774,526			747,807			1,031,016			747,807

Total assets		10,948,926			10,502,261			9,811,557			9,720,937			9,530,888			10,948,926			9,530,888
Less: Goodwill and other intangible assets, net		(328,040	)		(329,124	)		(330,261	)		(331,450	)		(332,691	)		(328,040	)		(332,691	)

Tangible assets	$	10,620,886		$	10,173,137		$	9,481,296		$	9,389,487		$	9,198,197		$	10,620,886		$	9,198,197

Tangible common equity ratio		9.71	%		9.95	%		10.27	%		8.25	%		8.13	%		9.71	%		8.13	%

Tangible book value per share
Shareholders’ equity	$	1,359,056		$	1,340,848		$	1,304,054		$	1,105,976		$	1,080,498		$	1,359,056		$	1,080,498
Less: Goodwill and other intangible assets, net		(328,040	)		(329,124	)		(330,261	)		(331,450	)		(332,691	)		(328,040	)		(332,691	)

Tangible common shareholders’ equity	$	1,031,016		$	1,011,724		$	973,793		$	774,526		$	747,807		$	1,031,016		$	747,807

Common shares issued		83,625,000			83,625,000			83,625,000			75,000,000			75,000,000			83,625,000			75,000,000

Tangible book value per share	$	12.33		$	12.10		$	11.64		$	10.33		$	9.97		$	12.33		$	9.97

Return on average tangible common equity
Average common equity	$	1,348,867		$	1,320,884		$	1,251,217		$	1,090,905		$	1,094,182		$	1,253,861		$	1,093,604
Less: Average intangible assets		(328,697	)		(329,816	)		(330,977	)		(332,199	)		(333,640	)		(330,411	)		(336,054	)

Average tangible common shareholders’ equity	$	1,020,170		$	991,068		$	920,240		$	758,706		$	760,542		$	923,450		$	757,550

Net income	$	14,691		$	32,577		$	28,968		$	26,117		$	28,985		$	102,353		$	65,774

Return on average tangible common equity⁽¹⁾		5.71	%		13.04	%		12.63	%		13.96	%		15.16	%		11.08	%		8.68	%

Pre-tax, pre-provision net earnings
Income before taxes	$	51,671		$	50,034		$	42,538		$	38,756		$	44,686		$	182,999		$	98,314
Plus: Provision for credit losses		(4,475	)		1,723			6,701			5,786			(5,222	)		9,735			49,348

Pre-tax, pre-provision net earnings	$	47,196		$	51,757		$	49,239		$	44,542		$	39,464		$	192,734		$	147,662

CADENCE BANCORPORATION

Unaudited Consolidated Financial Data

Reconciliation of Non-GAAP Financial Measures (continued)


	As of and for the Three Months Ended			As of and for the Year Ended
(In thousands)	December 31, 2017			December 31, 2017
Reconciliation of Non-GAAP Financial Measures Related to One-Time Tax Charge
Net income excluding one-time tax charge
Net income	$	14,691		$	102,353
Add: One-time tax charge		19,022			19,022

Net income excluding one-time tax charge	$	33,713		$	121,375

Earnings per share
Earnings per diluted common share	$	0.17		$	1.25
One-time tax charge per share		0.22			0.23

Earnings per diluted common share excluding one-time tax charge	$	0.39		$	1.48

Return on Average Assets
Net income excluding one-time tax charge	$	33,713		$	121,375
Average assets		10,586,245			10,020,036

Return on average assets excluding one-time tax charge⁽¹⁾		1.26	%		1.21	%

Return on Average Common Equity
Net income excluding one-time tax charge	$	33,713		$	121,375
Average common equity		1,348,867			1,253,861

Return on average common equity excluding one-time tax charge⁽¹⁾		9.92	%		9.68	%

Return on Average Tangible Common Equity
Net income excluding one-time tax charge	$	33,713		$	121,375
Average tangible common shareholders’ equity		1,020,170			923,450

Return on average tangible common shareholders’ equity excluding one-time tax charge⁽¹⁾		13.11	%		13.14	%

Effective Tax Rate
Income before taxes	$	51,671		$	182,999

Income tax expense		36,980			80,646
Less: one-time tax charge		19,022			19,022

Income tax expense excluding one-time tax charge		17,958			61,624

Effective tax rate excluding one-time tax charge		34.8	%		33.7	%

(1)	Annualized for the three month periods.