Cadence Bancorporation Reports First Quarter 2020 Financial Results
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Cadence Bancorporation (CADE) Misses Q1 EPS by 6c, Revenues Beat
April 29, 2020 6:42 AM EDTCadence Bancorporation (NYSE: CADE) reported Q1 EPS of $0.10, $0.06 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $188.5 million versus the consensus estimate of $185.61 million.
First Quarter 2020 Highlights:
First quarter 2020 highlights (compared to the linked quarter where applicable) are as follows:
Annualized returns on average assets and tangible common equity for the first quarter of 2020 were (9.08%) and 3.86%, respectively, compared to 1.34% and 15.54%, respectively, for the first quarter of 2019 and 1.14% and 11.82%, respectively, for the fourth quarter of 2019.Adjusted annualized returns on average assets(1) and adjusted tangible common equity(1) for the first... More