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Recap: Cadence Bank Q4 Earnings

Author: Benzinga Insights | January 29, 2024 05:45pm

Cadence Bank (NYSE:CADE) reported its Q4 earnings results on Monday, January 29, 2024 at 04:30 PM.

Here's what investors need to know about the announcement.

Earnings

Cadence Bank missed estimated earnings by 24.53%, reporting an EPS of $0.4 versus an estimate of $0.53.

Revenue was down $451.09 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 5.23% increase in the share price the next day.

Here's a look at Cadence Bank's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.57 0.67 0.66 0.74
EPS Actual 0.56 0.64 0.68 0.78
Revenue Estimate 460.15M 476.12M 467.19M 484.56M
Revenue Actual 448.02M 465.84M 428.34M 474.23M

To track all earnings releases for Cadence Bank visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: CADE

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