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.
