Cadence Bank reports results for the quarter ended December 31 - Earnings Summary

Cadence Bank

22/01/2025 23:01

* Cadence Bank  CADE.N  reported quarterly adjusted earnings
of 70
cents​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of 40
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 68 cents per share. Wall Street expected
results to range from 63 cents to 73 cents per share.
    * Revenue rose 1,847.3% to $450.70 million from a year ago;
analysts expected $457.70 million. 
    * Cadence Bank's reported EPS for the quarter was 70 cents​.
    * The company reported quarterly net income of $130.34
million.
    * Cadence Bank shares had risen by 4.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Cadence Bank is
$40.50 
This summary was machine generated from LSEG data January 22 at
11:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.68           0.70           Beat
 Sep. 30 2024      0.64           0.73           Beat
 Jun. 30 2024      0.61           0.69           Beat
 Mar. 31 2024      0.55           0.62           Beat