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Cadence Bank (CADE)
NYSE:CADE
Earnings Data
Report Date
Jul 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.69Last Year’s EPS
0.73Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 21, 2025
|% Change Since: 1.12%
|Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook, with strong financial performance and strategic growth initiatives such as the acquisition of First Channel Bank. While there were some challenges, such as loan yield compression and increased loan provisions, the highlights, including significant net income growth, improved net interest margin, and stable credit results, outweighed the lowlights.Company Guidance
During the first quarter of fiscal year 2025, Cadence Bank demonstrated financial robustness with a GAAP net income increase to $130.9 million or $0.70 per share, and an adjusted net income from continuing operations rising to $131.4 million or $0.71 per share, with an improved ROA of 1.15%. The bank's net interest margin expanded by 8 basis points, thanks to strategic balance sheet management, while the adjusted efficiency ratio improved by over 100 basis points. Loan growth was nearly 4% on an annualized basis, driven by strong performance in Georgia, Florida, and Texas. Average deposits rose by $610 million, although period-end deposits remained flat due to typical first-quarter volatility. Credit performance was stable with net charge-offs at 27 basis points annualized, and the tangible book value increased to $22.30 per share, with CET1 capital levels growing to 12.4%. The bank expects continued stability and potential growth within its existing financial guidance, even as it prepares to integrate First Channel Bank following regulatory approval for its acquisition.Regulatory Approval for Acquisition
Cadence Bank received all regulatory approvals to complete its acquisition of First Channel Bank in under 100 days, with plans to close on May 1.
Increase in GAAP Net Income
GAAP net income increased to $130.9 million, or $0.70 per share, and adjusted net income from continuing operations increased to $131.4 million, or $0.71 per share.
Improved Net Interest Margin
Net interest margin increased by 8 basis points in the quarter.
Loan Growth
First-quarter loan growth was nearly 4% on an annualized basis, with strong performance in Georgia, Florida, and Texas.
Stable Credit Results
Net charge-offs were 27 basis points annualized, and nonperforming loans declined 11% or $29 million in the first quarter.
Strong Capital Levels
Tangible book value increased to $22.30 per share, and CET1 capital ratio grew to 12.4%.
Stable Deposit Balances
Average deposits increased by $610 million, and core customer deposits maintained stability in balances and mix.
Strong Pretax Pre-Provision Net Revenue
Pretax pre-provision net revenue increased to $190 million, up over 3% from the prior quarter.
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CADE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CADE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 21, 2025 | $27.59 | $27.90 | +1.12% |
| Jan 22, 2025 | $35.57 | $33.91 | -4.67% |
| Oct 21, 2024 | $31.94 | $33.45 | +4.73% |
| Jul 22, 2024 | $31.53 | $32.77 | +3.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cadence Bank (CADE) report earnings?
Cadence Bank (CADE) is schdueled to report earning on Jul 28, 2025, TBA Not Confirmed.
What is Cadence Bank (CADE) earnings time?
Cadence Bank (CADE) earnings time is at Jul 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CADE EPS forecast?
CADE EPS forecast for the fiscal quarter 2025 (Q2) is 0.69.
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