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

• 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)