Cadence Bank reports Q1 adjusted EPS 71c, consensus 64c

Reports Q1 adjusted revenue $448.55M, consensus $451.05M. “Our Q1 results reflect a number of key accomplishments related to our financial performance and strategic growth efforts,” remarked CEO Dan Rollins. “We reported strong earnings driven by improved operating leverage and further expanded our net interest margin. Despite the recent economic volatility, we also captured nice organic loan growth while maintaining stable credit quality. Importantly, we received all necessary regulatory approvals related to our pending merger with First Chatham Bank in a very short timeframe, allowing us to quickly close and begin expanding our company’s presence in Savannah and other surrounding markets in Georgia.”