Cadence Bank: A Well-Covered 4% Yield While Preferreds Offer A 5.85% Income [Seeking Alpha]
Cadence Bank (CADE)
Last cadence bank earnings: 4/29 06:31 am
Check Earnings Report
US:NASDAQ Investor Relations:
cadencebank.com/about/investor-relations-overview
Company Research
Source: Seeking Alpha
belterzIntroductionCadence Bank (NYSE:CADEasset base, but it also means it makes it difficult to compare the financial performance with previous years as the bank closed three mergers in Q2 and Q4 of last year, adding in excess of $20B in assets to the balance sheet.Data by YChartsA Decent Q1 Result, Despite Merger-Related ExpensesThanks to the expanded asset base, theinterest income increased to almost $332M,As there were no provisions for credit losses, the net interest income in the first quarter of the year was approximately $312M.Cadence Bank Investor RelationsThanks to the mergers, the non-interest income increased from $88M to $128.4M, but the non-interest expenses increased at a much faster pace and reached almost $292M. This includes in excess of$10M in merger-related expenses,The pre-tax income was just under $149M, resulting in a net income of $115M and about $112.6M after taking the preferred dividends into account. This means the EPS in the first quarter was just about $0
Show less
Read more
Impact Snapshot
Event Time:
CADE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CADE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CADE alerts
High impacting Cadence Bank news events
Weekly update
A roundup of the hottest topics
CADE
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