Recap: Cadence Bancorp Q3 Earnings

Shares of Cadence Bancorp CADE moved higher by 2.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 17.65% year over year to $0.40, which beat the estimate of $0.19.

Revenue of $186,633,000 decreased by 4.21% from the same period last year, which beat the estimate of $185,420,000.

Outlook

Cadence Bancorp hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 21, 2020

Time: 08:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/cade/mediaframe/40971/indexr.html

Recent Stock Performance

52-week high: $18.24

Company's 52-week low was at $4.63

Price action over last quarter: Up 32.62%

Company Description

Cadence Bancorp is a bank holding company. The company provides commercial banking and mortgage finance services to businesses, high net worth individuals, business owners and retail customers. Its operating segment includes Banking, Financial Services, and Corporate. The company generates maximum revenue from the Banking segment. Its Banking Segment includes Commercial Banking, Retail Banking and Private Banking lines of business. The Financial Services Segment includes the Trust, Retail Brokerage, and Investment Services lines of business.