Cadence Bancorporation (CADE) Reports Q3 EPS of $0.39

Cadence Bancorporation (NYSE: CADE) reported Q3 EPS of $0.39.

Highlights:

• Net income for the third quarter of 2017 was $32.6 million, a 12% increase compared to second quarter of 2017 net income of $29.0 million.
• On a per-share basis, net income was $0.39 per diluted common share for the third quarter of 2017, compared to $0.35 in the second quarter of 2017.
• Annualized returns on average assets, common equity and tangible common equity(1) for the third quarter of 2017 were 1.29%, 9.78% and 13.04%, respectively, as compared to 1.19%, 9.29% and 12.63%, respectively, for the second quarter of 2017.
• Total assets were $10.5 billion as of September 30, 2017, an increase of $1.1 billion, or 11%, as compared to $9.4 billion as of September 30, 2016.
• Loans were $8.0 billion as of September 30, 2017, an increase of $821.6 million, or 11%, as compared to $7.2 billion at September 30, 2016.
• Core deposits (total deposits excluding brokered) of $7.7 billion as of September 30, 2017 grew $941.8 million, or 14%, from September 30, 2016.

For earnings history and earnings-related data on Cadence Bancorporation (CADE) click here.

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