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

Cadence Bank

24/10/2022 22:37

* Cadence Bank  CADE.N  reported quarterly adjusted earnings
of 66
cents​​ per share for the quarter ended in September. The mean
expectation of ten analysts for the quarter was for earnings of
74 cents per share.
    * Revenue rose 80.4% to $479.85 million from a year ago;
analysts
expected $467.03 million. 
    * Cadence Bank's reported EPS for the quarter was 66 cents​.
    * The mean earnings estimate of analysts had risen by
about 2.8%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Cadence Bank shares had risen by 6.5% this quarter and
lost 9.2%
so far this year.
    * The company reported quarterly net income of $121.03
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 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
24 at 09:37 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      -0.32          -0.22          Beat