Cadence Bank-Cadence (CADE) Beats Q1 Earnings Estimates

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]