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Cadence Bank (CADE)
NYSE:CADE
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.64Last Year’s EPS
0.62Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 22, 2025
|% Change Since: -7.99%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
The earnings call was generally positive with strong financial performance and strategic growth through mergers. The company showed significant improvement in revenue and efficiency, with a positive outlook for future growth. However, there were minor declines in noninterest revenue and noninterest-bearing deposits.Company Guidance
During the Cadence Bank Fourth Quarter 2024 earnings call, the management provided guidance for 2025, anticipating low to mid-single-digit organic growth rates in loans and core customer deposits. They expect total adjusted revenue growth between 5% to 8% over 2024 levels, with potential net interest margin improvement throughout the year. The call highlighted the successful merger with FCB Financial Corporation, projected to close in the third quarter of 2025, which is expected to be accretive to earnings with cost savings of approximately 25% of First Chatham's noninterest expense base. Pro forma impacts on tangible book value per share and regulatory capital metrics are minimal. The bank aims for annual net charge-offs between 20 and 30 basis points and expects expenses to rise by 4% to 6% over 2024 levels, focusing on investments in people and technology.Merger with FCB Financial Corporation
Cadence Bank announced a merger with FCB Financial Corporation, expanding its presence in the Greater Savannah market with an expected cost saving of 25% of noninterest expenses.
Strong Financial Performance in 2024
GAAP net income was $130.3 million for Q4 and $514.1 million for the full year. Adjusted earnings per share increased by 25% compared to 2023.
Core Customer Deposits Growth
Core customer deposits grew $260 million or 3% annualized for the quarter and $2.2 billion or approximately 7% for the full year.
Net Interest Margin Improvement
Net interest margin improved by 7 basis points to 3.38% for the quarter and by 22 basis points for the full year to 3.30%.
Improved Operating Efficiency
The efficiency ratio improved by 5 percentage points from 63.3% in 2023 to 58.4% in 2024.
Dividend Increase
The Board approved a 10% increase in the quarterly common dividend to $0.275 per share.
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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 |
|---|---|---|---|
| Jan 22, 2025 | $35.91 | $34.23 | -4.68% |
| 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% |
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 Apr 28, 2025, TBA Not Confirmed.
What is Cadence Bank (CADE) earnings time?
Cadence Bank (CADE) earnings time is at Apr 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 (Q1) is 0.64.
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