Cadence Bancorporation (NYSE: CADE) reported Q1 EPS of $0.35, versus $0.20 reported last year.

• 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, 2017, an increase of $719.5 million or 8.0% as compared to $9.0 billion as of March 31, 2016.
• Loans were $7.6 billion at March 31, 2017, an increase of $677.1 million, up 9.8% as compared to $6.9 billion at March 31, 2016.

“We are very pleased to report our first quarter earnings, our first as a public company following our initial public offering and listing on the New York Stock Exchange on April 13, 2017. We believe Cadence is entering an exciting chapter, and we are pleased to be introducing new investors to our company. We experienced solid results with revenues and margin increasing, expenses down and credit stable. While Federal Reserve data has shown recent industry declines in C&I loan growth, our loan growth continued in C&I and throughout our other key business lines. It was a good quarter,” said Paul Murphy, Cadence’s Chairman and Chief Executive Officer.

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