Cadence Bank Q1 Adjusted Net Income, Revenue Rise

MT Newswires Live
11 hours ago

Cadence Bank (CADE) reported Q1 adjusted net income from continuing operations late Monday of $0.71 per share, up from $0.62 a year earlier.

Analysts polled by FactSet, on average, expected $0.64.

Revenue for the quarter ended March 31, expressed as the sum of net interest revenue and noninterest revenue, was $448.5 million, compared with $437.7 million a year ago.

Analysts surveyed by FactSet expected $451 million.

Shares were down 2% in after-hours activity.

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