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Cadence Bank (CADE)
NYSE:CADE
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.69Last Year’s EPS
-$1.46Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 21, 2024
|% Change Since: 4.59%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong revenue growth, impressive deposit performance, and stable credit quality. However, there are challenges with flat loan balances and increased nonaccrual loans. Overall, the highlights significantly outweigh the lowlights.Company Guidance
During the Cadence Bank Q3 2024 earnings call, the company reported positive financial metrics, highlighting a GAAP net income of $134.1 million or $0.72 per diluted share, and adjusted net income from continuing operations at $135.6 million or $0.73 per share, reflecting a 6% increase from the previous quarter. The bank's core customer deposits grew over 11% annualized, while deposit costs remained stable, rising just 2 basis points. Net interest margin improved for the fourth consecutive quarter to 3.31%, up 4 basis points. Credit quality was stable with net charge-offs at 26 basis points annualized and an allowance for credit losses at 1.38% of loans. The adjusted efficiency ratio stood at 57.7%, and tangible book value per share rose by $1.60. Additionally, the bank repurchased over 323,000 shares, maintaining strong capital metrics with CET1 at 12.3% and total capital at 14.5%.Strong Revenue Growth
Adjusted EPS from continuing operations increased by 6% from Q2 2024 and 37% from the same quarter last year.
Impressive Deposit Performance
Core customer deposits grew over 11% on an annualized basis, with total deposit growth of approximately $985 million for the quarter or 10.4% annualized.
Stable Credit Quality
Credit quality remained stable with net charge-offs consistent with the prior quarter and a solid allowance for credit losses at 1.38% of loans.
Net Interest Margin Improvement
The net interest margin improved to 3.31%, up 4 basis points from the previous quarter.
Capital Strength
Strong capital metrics with CET1 at 12.3% and total capital at 14.5% as of September 30.
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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 |
|---|---|---|---|
| Oct 21, 2024 | $32.24 | $33.77 | +4.75% |
| Jul 22, 2024 | $31.83 | $33.08 | +3.93% |
| Apr 22, 2024 | $27.08 | $28.20 | +4.14% |
| Jan 29, 2024 | $29.01 | $27.35 | -5.72% |
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 Feb 03, 2025, TBA Not Confirmed.
What is Cadence Bank (CADE) earnings time?
Cadence Bank (CADE) earnings time is at Feb 03, 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 2024 (Q4) is $0.69.
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