Cadence Bancorporation Reports First Quarter 2017 Results
Cadence Bank (CADE)
Last cadence bank earnings: 4/29 06:31 am
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US:NASDAQ Investor Relations:
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- Cadence Bancorporation (NYSE:CADE) (“Cadence”) today reported first quarter 2017 results. Net income for the first quarter of 2017 was $26.1 million compared to $15.3 million in the first quarter of 2016, representing a 70.2% increase. On a per-share basis, net income was $0.35 per diluted common share for the first quarter of 2017, compared to $0.20 in the first quarter a year earlier. Annualized returns on average assets, common equity and tangible common equity(1) for the first quarter of 2017 were 1.10%, 9.71% and 13.96%, respectively, as compared to 0.69%, 5.77% and 8.44%, respectively, for the first quarter of 2016. Net interest margin increased 14 basis points during the first quarter of 2017 to 3.46% from 3.32% for the first quarter of 2016. Total assets were $9.7 billion at March 31, 2
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News
- Cadence Bank Declares Quarterly Common and Preferred DividendsPR Newswire
- Cadence Bank (NYSE: CADE) had its price target raised by analysts at Barclays PLC from $28.00 to $29.00. They now have an "equal weight" rating on the stock.MarketBeat
- Cadence Bank (NYSE: CADE) had its price target raised by analysts at Keefe, Bruyette & Woods from $32.00 to $33.00. They now have an "outperform" rating on the stock.MarketBeat
- Cadence Bank (NYSE: CADE) was upgraded by analysts at Hovde Group from a "market perform" rating to an "outperform" rating. They now have a $33.00 price target on the stock, up previously from $32.50.MarketBeat
- Cadence Bank (NYSE: CADE) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $33.00 price target on the stock.MarketBeat