Cadence Bancorporation (CADE) Reports Q1 EPS of $0.35

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Go back to Cadence Bancorporation (CADE) Reports Q1 EPS of $0.35

Cadence Bancorporation Reports First Quarter 2017 Results

May 8, 2017 7:00 AM EDT

HOUSTON--(BUSINESS WIRE)-- Cadence Bancorporation (NYSE: CADE) (Cadence) today reported first quarter 2017 results.

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... More