Cadence Bank (NYSE:CADE) is a bank founded back in 1887 and headquartered in Houston, Texas. Recently, Q2 2024 results were released and both EPS and revenue estimates were beaten. Latest Quarter's Earnings Seeking Alpha Beyond that, CADE has shown resilience in the current macroeconomic environment, particularly regarding the increase in Residential Loans. The upward pressure on the cost of deposits has slowed down a lot in fact, the net interest margin is steadily improving, but loan growth is quite low. ...

View all Key Company Metrics for Cadence here>>> Shares of Cadence have returned +15.3% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. The reported revenue compares to the Zacks Consensus Estimate of $439.63 million, representing a surprise of +3.95%. The company delivered an EPS surprise of +15.00%, with the consensus EPS estimate being $0.60. Cadence (CADE) rep ...

Cadence (CADE) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for nonrecurring items. Cadence, which belongs to the Zacks Banks - Southeast industry, posted revenues of $456.98 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.95%. This compares to year-ago revenues of $465.84 million. The company has topped consensus revenue e ...

HOUSTON and TUPELO, Miss., July 22, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter ended June 30, 2024. Highlights for the second quarter of 2024 included: Reported quarterly net income available to common shareholders of $135.1 million, or $0.73 per diluted common share, and adjusted net income from continuing operations available to common shareholders,(1) which excludes non-routine income and expenses,(2) of $127.9 million, or $0.69 per dil ...

Cadence (CADE) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 22, 2024, might help the stock move higher if these key numbers are better than expectatio ...

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 the live broadcast as it happens. The conference call will also be available in archived format at the same web address. HOUSTON and TUPELO, Miss., June 26, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) will release its second quarter 2024 earnings on Monday, July 22, 2024, a ...

HOUSTON and TUPELO, Miss., April 24, 2024 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE: CADE) (Cadence) declared a quarterly cash dividend of $0.25 per share of common stock. The common stock dividend is payable on July 1, 2024, to shareholders of record at the close of business on June 14, 2024. The board of directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock. The preferred stock dividend is payable on May 20, 2024, to sh ...

Dan Rollins Operator Good morning and thank you for joining the Cadence Bank first quarter 2024 earnings conference call. We have members from our executive management team here with us this morning; Dan Rollins; Chris Bagley, Valerie Toalson, and Billy Braddock. Company Participants I would now like to turn the conference over to Will Fisackerly, Executive Vice President and Director of Finance. Please go ahead. I would remind you that the presentation, along with our earnings release, contain our customar ...

For the quarter ended March 2024, Cadence (CADE) reported revenue of $437.69 million, up 2.2% over the same period last year. EPS came in at $0.62, compared to $0.68 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $426.84 million, representing a surprise of +2.54%. The company delivered an EPS surprise of +14.81%, with the consensus EPS estimate being $0.54.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Cadence (CADE) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.81%. A quarter ago, it was expected that this bank would post earnings of $0.53 per share when it actually produced earnings of $0.40, delivering a surprise of -24.53%.Over the last four quarters, the company has surpas ...