Compared to Estimates, Cadence (CADE) Q4 Earnings: A Look at Key Metrics

Core Insights - Cadence (CADE) reported a revenue of $450.7 million for the quarter ended December 2024, marking a significant year-over-year increase of 1846.9% and an EPS of $0.70 compared to $0.40 a year ago [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $457.2 million, resulting in a revenue surprise of -1.42%, while the EPS exceeded expectations with a surprise of +2.94% against a consensus estimate of $0.68 [1] Financial Performance Metrics - Adjusted Efficiency Ratio fully tax equivalent was reported at 59.1%, surpassing the four-analyst average estimate of 58.1% [4] - Net Interest Margin stood at 3.4%, slightly above the estimated 3.3% by four analysts [4] - Average Balance of Total interest-earning assets was $42.92 billion, below the three-analyst average estimate of $43.73 billion [4] - Net charge-offs to average loans were 0.2%, better than the estimated 0.3% by three analysts [4] - Non-Performing Loans totaled $264.69 million, lower than the average estimate of $274.95 million based on two analysts [4] - Non-Performing Assets were reported at $270.45 million, compared to the two-analyst average estimate of $281.09 million [4] - Total noninterest income was $86.17 million, below the average estimate of $88.81 million from four analysts [4] - Net Interest Income (FTE) was $364.53 million, compared to the average estimate of $368.35 million based on three analysts [4] - Net Interest Income was reported at $365.18 million, slightly below the three-analyst average estimate of $367.98 million [4] - Mortgage banking income was $3.55 million, significantly lower than the two-analyst average estimate of $5.75 million [4] - Credit card, debit card, and merchant fees were $12.66 million, compared to the average estimate of $12.90 million based on two analysts [4] - Deposit Service charges were reported at $18.69 million, slightly above the average estimate of $18.30 million based on two analysts [4] Stock Performance - Shares of Cadence have returned +3.3% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]