Cadence Bank (CADE) reported fourth-quarter 2023 adjusted earnings per share from continuing operations of 40 cents, missing the Zacks Consensus Estimate of 53 cents. Also, the bottom line declined 48.7% year over year.CADE sold Cadence Insurance, Inc. in the fourth quarter of 2023. The fourth-quarter results presented both continuing and discontinued operations. The company's results were positively impacted by a rise in deposit balances and an improvement in capital position. However, notable increase in ...

Presented January 30, 2024 As a result of the previously announced sale of Cadence Insurance, Inc. ("Cadence Insurance") in the fourth quarter of 2023, the reported financial results include both continuing operations and discontinued operations. | --- | --- | |-----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

For the quarter ended December 2023, Cadence (CADE) reported revenue of $23.15 million, down 95.1% over the same period last year. EPS came in at $0.40, compared to $0.78 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $433.99 million, representing a surprise of -94.67%. The company delivered an EPS surprise of -24.53%, with the consensus EPS estimate being $0.53.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

HOUSTON and TUPELO, Miss., Jan. 29, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter and year ended December 31, 2023.  Given the sale of Cadence Insurance, Inc. ("Cadence Insurance") in the fourth quarter of 2023, the financial results presented consist of both continuing operations and discontinued operations.  The discontinued operations include the financial results of Cadence Insurance prior to the sale, as well as the associated gain on sa ...

TUPELO, Miss. and HOUSTON, Jan. 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, which represents an increase of $0.015, or 6.4%, per share compared to the previous quarterly dividend of $0.235 per common share. The common stock dividend is payable on April 1, 2024, to shareholders of record at the close of business on March 15, 2024. The board of directors also declared a quart ...

Analysts on Wall Street project that Cadence (CADE) will announce quarterly earnings of $0.53 per share in its forthcoming report, representing a decline of 32.1% year over year. Revenues are projected to reach $433.99 million, declining 8.5% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates du ...

The market expects Cadence (CADE) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 29, 2024, might help the stock move higher if these key numbers are be ...

Bank customers, teammates and community members come together to award donations to 10 community-focused nonprofit organizations. HOUSTON and TUPELO, Miss., Jan. 17, 2024 /PRNewswire/ -- In the spirit of holiday giving, Cadence Bank (NYSE: CADE), through the Cadence Bank Foundation, proudly donated a total of $150,000 to 10 nonprofit organizations who participated in the annual Cadence Cares Holiday Program. Bank customers, teammates and community members voted for their nonprofit of choice with the organiz ...

Key PointsBank OZK is a 3.25% yielding stock trading below 9x earnings with growth forecasted for 2024. Valley National Bancorp has a 4.3% yield and should return to top- and bottom-line growth by the end of the year. Cadence Bank is fairly valued relative to the sector and pays a 3.3% yield, with dividend growth expected in Q1 2024. 5 stocks we like better than Bank OZKResults from the big banks have the financial sector on the cusp of a correction. The news isn't bad, but strengths were priced into the ma ...

Cadence Bank (NYSE:CADE) Q3 2023 Earnings Conference Call October 24, 2023 11:00 AM ET Dan Rollins - Chairman & Chief Executive Officer Billy Braddock - Chief Credit Officer Michael Rose - Raymond James Brody Preston - UBS Operator Will Fisackerly Dan Rollins Will Fisackerly - Director of Corporate Finance Chris Bagley - President Manan Gosalia - Morgan Stanley Catherine Mealor - KBW Jon Arfstrom - RBC Capital Markets I would now like to turn the conference over to Will Fisackerly, Director of Finance. Plea ...