Cadence Bank Q4 Adjusted EPS, Revenue Rise, Quarterly Dividend Boosted

MT Newswires Live
01-23

Cadence Bank (CADE) late Wednesday reported Q4 adjusted net income from continuing operations of $0.70 per share compared with $0.40 a year earlier.

Analysts polled by FactSet, on average, expected $0.68.

Revenue for the quarter ended Dec. 31, expressed as the sum of net interest revenue and noninterest revenue, was $450.7 million compared with $23.1 million a year ago.

Analysts had expected $457.7 million.

The bank company increased its quarterly dividend by 10% to 0.275 per share, payable April 1 to shareholders of record on March 14.

Cadence shares were climbing 2% in after-hours session.

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