Cadence Bancorporation (CADE) Misses Q2 EPS by 57c, Revenues Miss

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Go back to Cadence Bancorporation (CADE) Misses Q2 EPS by 57c, Revenues Miss

Cadence Bancorporation Reports Second Quarter 2020 Financial Results

July 22, 2020 6:26 AM EDT

HOUSTON--(BUSINESS WIRE)-- Cadence Bancorporation (NYSE: CADE) (Cadence) today announced a net loss for the quarter ended June 30, 2020 of ($56.1) million or ($0.45) per share, compared to net income of $48.3 million or $0.37 per share for the quarter ended June 30, 2019, and a net loss of ($399.3) million or ($3.15) per share for the quarter ended March 31, 2020. Adjusted net (loss) income(1), excluding non-routine income and expenses(2) (and the goodwill impairment charge for first quarter 2020), was ($56.9) million or ($0.45) per share for the second quarter of 2020, compared to $51.3 million or $0.40 per share for the quarter ended June 30, 2019 and compared to $12.5 million... More