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

Cadence Bank

30/01/2023 23:01

* Cadence Bank  CADE.N  reported quarterly adjusted earnings
of 52
cents​​ per share for the quarter ended in December. The mean
expectation of eleven analysts for the quarter was for earnings
of 74 cents per share.
    * Revenue rose 26.4% to $474.23 million from a year ago;
analysts
expected $484.56 million. 
    * Cadence Bank's reported EPS for the quarter was 52 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days four analysts negatively revised
earnings
estimates 
    * Cadence Bank shares had risen by 5.8% this quarter.
    * The company reported quarterly net income of $95.56
million.
    * Wall Street's median 12-month price target for Cadence
Bank is
$32.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
30 at 11:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.74           0.52           Missed
 Sep. 30 2022      0.74           0.66           Missed
 Jun. 30 2022      0.64           0.68           Beat
 Mar. 31 2022      0.57           0.60           Beat