Cadence Bank reports Q2 adjusted EPS 73c, consensus 68c

Reports Q2 net interest margin 3.40% vs. 3.27% for 2Q24 and 3.46% for 1Q25. Tangible book value per share was $22.94 from $22.30 at previous quarter end. Common equity tier 1 capital was 12.2% vs. 12.4% in the previous quarter. “Our Q2 results reflect another quarter of strong operating performance driven by continued organic balance sheet growth combined with the closing of the First Chatham transaction effective on May 1,” remarked CEO Dan Rollins. “Our continued balance sheet growth contributed to a meaningful linked quarter increase in revenues, and our operating efficiency continued to improve. Finally, we are pleased to have closed the Industry transaction effective on July 1. We are excited about the opportunity this transaction provides to add valuable core deposits and to further expand our customer base in Texas.”