Cadence Bank Q3 Adjusted Earnings, Revenue Increase; Shares Rise After Hours

MT Newswires Live

2024/10/22

Cadence Bank (CADE) reported Q3 adjusted earnings from continuing operations late Monday of $0.73 per share, up from $0.53 a year earlier.

Analysts polled by Capital IQ expected $0.63.

Revenue for the quarter ended Sept. 30, expressed as the sum of net interest revenue and noninterest revenue, was $447.4 million, up from $402.9 million a year earlier.

Analysts surveyed by Capital IQ expected $450.5 million.

Shares of the company rose 3.2% in after-hours activity.

Price: 33.50, Change: +1.04, Percent Change: +3.20

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