Cadence: Q4 Financial Highlights

Cadence Bank Reports Strong Fourth Quarter Results

Cadence Bank, headquartered in Tupelo, Mississippi, announced a net profit of $146.7 million for the fourth quarter.

The bank reported earnings of $0.76 per share, which increased to $0.85 per share after accounting for one-time expenses.

These figures exceeded analysts' expectations, as the consensus from four Zacks Investment Research analysts had predicted earnings of $0.79 per share.

During the quarter, Cadence Bank generated $788.5 million in total revenue. After subtracting interest expenses, net revenue stood at $528.4 million, surpassing the $523.7 million anticipated by three Zacks analysts.

For the full year, Cadence Bank achieved a net income of $544.5 million, or $2.83 per share, with total revenue reaching $1.97 billion.

Since the start of the year, Cadence Bank's stock price has risen by 8.5%, and over the past year, shares have gained 29% in value.