Cadence Bank(CADE)

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Cadence (CADE) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-04-21 23:00
For the quarter ended March 2025, Cadence (CADE) reported revenue of $448.54 million, up 2.5% over the same period last year. EPS came in at $0.71, compared to $0.62 in the year-ago quarter.The reported revenue represents a surprise of -0.67% over the Zacks Consensus Estimate of $451.57 million. With the consensus EPS estimate being $0.64, the EPS surprise was +10.94%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...
Cadence (CADE) Beats Q1 Earnings Estimates
ZACKS· 2025-04-21 22:45
Company Performance - Cadence reported quarterly earnings of $0.71 per share, exceeding the Zacks Consensus Estimate of $0.64 per share, and up from $0.62 per share a year ago, representing an earnings surprise of 10.94% [1] - The company posted revenues of $448.54 million for the quarter ended March 2025, which missed the Zacks Consensus Estimate by 0.67%, compared to year-ago revenues of $437.69 million [2] - Over the last four quarters, Cadence has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [2] Stock Performance - Cadence shares have declined approximately 19% since the beginning of the year, while the S&P 500 has decreased by 10.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.68 on revenues of $463.98 million, and for the current fiscal year, it is $2.82 on revenues of $1.88 billion [7] Industry Outlook - The Zacks Industry Rank for Banks - Southeast, which includes Cadence, is currently in the top 36% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Cadence's stock performance [5]
Cadence Bank Announces First Quarter 2025 Financial Results
Prnewswire· 2025-04-21 20:30
HOUSTON and TUPELO, Miss., April 21, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter ended March 31, 2025.Highlights for the first quarter of 2025 included: View PDF Cadence Bank 2025 Q1 Earnings Fact sheet Reported quarterly net income available to common shareholders of $130.9 million, or $0.70 per diluted common share, and adjusted net income available to common shareholders(1) of $131.4 million, or $0.71 per diluted common share. Imp ...
Cadence (CADE) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2025-04-02 16:50
Group 1: Company Overview - Cadence (CADE) is headquartered in Tupelo and has experienced a price change of -11.73% this year [3] - The current dividend payout is $0.28 per share, resulting in a dividend yield of 3.62%, which is higher than the Southeast banking industry's yield of 2.36% and the S&P 500's yield of 1.59% [3] Group 2: Dividend Performance - The annualized dividend of Cadence is currently $1.10, reflecting a 10% increase from the previous year [4] - Over the past five years, Cadence has increased its dividend four times, averaging an annual increase of 7.84% [4] - The current payout ratio is 36%, indicating that Cadence pays out 36% of its trailing 12-month earnings per share as dividends [4] Group 3: Earnings Growth - The Zacks Consensus Estimate for Cadence's earnings in 2025 is $2.86 per share, which represents a year-over-year earnings growth rate of 4.38% [5] Group 4: Investment Considerations - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [6] - High-growth firms or tech start-ups typically do not provide dividends, while established companies with secure profits are preferred for dividend investments [7] - Cadence is positioned as a compelling investment opportunity due to its strong dividend profile and a Zacks Rank of 3 (Hold) [7]
Cadence Bank Declares Special Preferred Dividend to be Paid if Favorable Vote Received and Announces Adjournment of its Special Meeting to Solicit Additional Votes
Prnewswire· 2025-03-26 20:30
Core Points - Cadence Bank has adjourned its special meeting of shareholders to April 25, 2025, to solicit proxies for a stock repurchase proposal [1] - A special cash dividend of $0.34375 per share of Series A Preferred Stock will be declared if the stock repurchase proposal receives a two-thirds affirmative vote [2] - The record date for eligible shareholders to vote remains November 8, 2024, and valid proxies will continue to be valid for the reconvened meeting [4] Proposal Details - Proposal 2 involves authorizing the Board of Directors to implement stock repurchases in accordance with Regulation H [1][3] - Common shareholders approved several proposals at the initial special meeting, while preferred shareholders approved Proposal 4 prior to adjournment [3] Meeting Logistics - The reconvened special meeting will be held virtually on April 25, 2025, at 9:00 a.m. Central Time [6] - Preferred shareholders can participate by visiting a specified web address and entering a control number [7] Company Overview - Cadence Bank is a $50 billion regional financial services company with over 350 locations [8] - The bank offers a range of banking, investment, trust, and mortgage products and services [8]
Cadence Bank Announces First Quarter 2025 Earnings Webcast Schedule
Prnewswire· 2025-03-25 20:30
HOUSTON and TUPELO, Miss., March 25, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) will release its first quarter 2025 earnings on Monday, Apr. 21, 2025, after the close of the financial markets. It will also hold its earnings webcast on Tuesday, Apr. 22, 2025, at 10 a.m. CT. The webcast will be live coverage of management's conference call with analysts and can be found by visiting: https://ir.cadencebank.com/events. This will be an interactive session between management and analysts; others may listen to ...
Cadence Bank Receives Regulatory Approvals for its Merger with FCB Financial Corp.
Prnewswire· 2025-03-24 20:30
HOUSTON and TUPELO, Miss., March 24, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) announced it has received all regulatory approvals to complete its proposed merger with FCB Financial Corp., the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank. The merger is expected to be effective on May 1, 2025, subject to the satisfaction of customary closing conditions. As of Dec. 30, 2024 (unaudited), First Chatham reported total assets of $589 million, total loans of $326 millio ...
This is Why Cadence (CADE) is a Great Dividend Stock
ZACKS· 2025-03-17 16:46
Company Overview - Cadence (CADE) is headquartered in Tupelo and operates in the Finance sector. The stock has experienced a price decline of 13.35% since the beginning of the year [3]. - The company currently pays a dividend of $0.28 per share, resulting in a dividend yield of 3.69%, which is higher than the Banks - Southeast industry's yield of 2.33% and the S&P 500's yield of 1.61% [3]. Dividend Performance - Cadence's annualized dividend of $1.10 has increased by 10% compared to the previous year. Over the last five years, the company has raised its dividend five times, averaging an annual increase of 7.84% [4]. - The current payout ratio for Cadence is 36%, indicating that the company distributes 36% of its trailing 12-month earnings per share as dividends [4]. Earnings Growth - The Zacks Consensus Estimate for Cadence's earnings in 2025 is projected at $2.93 per share, reflecting a year-over-year earnings growth rate of 6.93% [5]. Investment Considerations - Cadence is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold). The company is positioned well in the context of rising interest rates, which can impact high-yielding stocks [7].
Is the Options Market Predicting a Spike in Cadence Bank (CADE) Stock?
ZACKS· 2025-02-21 14:46
Core Viewpoint - Investors in Cadence Bank (CADE) should closely monitor stock movements due to significant implied volatility in the options market, particularly for the Mar 21, 2025 $22.50 Put option [1] Company Analysis - Cadence Bank currently holds a Zacks Rank 2 (Buy) in the Banks - Southeast industry, which is positioned in the top 7% of the Zacks Industry Rank [3] - Over the past 60 days, two analysts have raised their earnings estimates for the current quarter, while one has lowered theirs, resulting in a slight decrease in the Zacks Consensus Estimate from 65 cents to 64 cents per share [3] Options Market Insights - The high implied volatility suggests that options traders anticipate a significant price movement for Cadence Bank shares, indicating potential trading opportunities [4] - Seasoned options traders often seek high implied volatility options to sell premium, aiming for the underlying stock to not move as much as expected by expiration [4]
Cadence Bank(CADE) - 2024 Q4 - Earnings Call Transcript
2025-01-24 02:20
Financial Data and Key Metrics - The company has not provided specific financial data or key metrics in the provided content [1][2][3][4][5] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were mentioned in the provided content [1][2][3][4][5] Market Data and Key Metrics - No specific market data or key metrics were discussed in the provided content [1][2][3][4][5] Company Strategy and Industry Competition - The company has not disclosed any strategic updates or comments on industry competition in the provided content [1][2][3][4][5] Management Commentary on Operating Environment and Future Outlook - No comments from management regarding the operating environment or future outlook were included in the provided content [1][2][3][4][5] Other Important Information - The company has made its earnings presentation slides available on its Investor Relations website and through the 8-K filing [4] - The presentation and earnings release contain forward-looking statements and non-GAAP metrics, with disclosures applying to the current presentation [5] Q&A Session Summary - No Q&A session details were provided in the content [1][2][3][4][5]