CADE Earnings Prediction
The chart below shows how CADE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CADE sees a -5.02% change in stock price 10 days leading up to the earnings, and a +0.03% change 10 days following the report. On the earnings day itself, the stock moves by +0.88%. This data can give you a slight idea of what to expect for the next quarter's release.
CADE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
423.41M
2818.19%
1.97%
Gross Margin
--
--
--
Operating Margin
40.03%
2370.99%
-5.52%
Net Margin
31.34%
9693.75%
-4.63%
EPS
0.70
-50.35%
-2.78%
No Data Available
CADE Earnings Analysis
Cadence Bank Corporation (CADE.N) Earnings Conference Call
Positive
Q3 2024 Net Income Growth: GAAP net income for Q3 2024 was $134.1 million, or $0.72 per diluted share, reflecting a 6% increase from Q2 2024.
Customer Deposit Growth: Core customer deposits grew by over 11% on an annualized basis, with total deposit growth of approximately $985 million for the quarter, or 10.4% annualized.
Net Interest Margin Improvement: Net interest margin improved for the fourth consecutive quarter, reaching 3.31%, up 4 basis points from the previous year, driven by stabilized deposit costs and upward repricing of loans.
Adjusted EPS Growth: Adjusted EPS from continuing operations was $0.73, up 6% from Q2 2024 and up 37% from the same quarter last year, indicating strong year-over-year growth.
Share Repurchase Impact: The company repurchased over 323,000 shares of stock during the quarter, contributing to a tangible book value per share increase of $1.60.
Negative
Loan Growth Stagnation: Loan balances were essentially flat for the quarter, with net declines in non-real estate C&I loans offsetting a 2% overall loan growth in other segments, indicating a lack of growth in key areas.
Non-Accrual Loans Increase: Non-accrual loans increased by $56,000,000 in Q3, raising concerns about credit quality despite overall stability in charge-offs and allowances.
Rising Operational Costs: Total adjusted non-interest expense rose by $9,200,000 or 3.7% compared to the previous quarter, primarily due to merit increases and other expense items, indicating rising operational costs.
Mortgage Banking Revenue Decline: Mortgage banking revenue declined by $5,000,000 in Q3, attributed to changes in the rate environment and a negative valuation adjustment of $7,000,000 on mortgage servicing rights, reflecting challenges in the mortgage sector.
Credit Loss Provision Concerns: The provision for credit losses was recorded at $12,000,000 for Q3, indicating potential concerns about future credit quality despite a stable allowance for credit losses at 1.38% of loans.
CADE FAQs
How does CADE typically perform around its earnings report dates?
Is Earnings call transcript: Cadence Bancorp Q4 2024 beats EPS forecast, stock rises positive or negative?
How can historical earnings data help predict future stock performance?
CADE Earning Call Sentiment
Earnings call transcript: Cadence Bancorp Q4 2024 beats EPS forecast, stock rises
CADE.N
-1.96%Positive
The earnings call presents a mixed picture. Financial performance shows modest growth in net income and deposits, but rising non-accrual loans and increased expenses are concerns. The Q&A highlights uncertainty around deposit costs and economic impacts. While share repurchases and strong capital ratios are positive, the lack of clear guidance on key metrics like deposit betas and economic impacts suggests caution. Overall, the sentiment is balanced, leading to a neutral outlook.
