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

Cadence Bank

24/04/2023 23:30

* Cadence Bank  CADE.N  reported quarterly adjusted earnings
of 40
cents​​ per share for the quarter ended in March. The mean
expectation of thirteen analysts for the quarter was
for earnings of 66 cents per share.
    * Revenue fell 2.7% to $428.34 million from a year ago;
analysts
expected $467.20 million. 
    * Cadence Bank's reported EPS for the quarter was 40 cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.9%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates 
    * Cadence Bank shares had fallen by 2.0% this quarter and
lost 17.5% so far this year.
    * The company reported quarterly net income of $74.26
million.
    * Wall Street's median 12-month price target for Cadence
Bank is
$26.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 24 at 10:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.66           0.40           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