Cadence Bancorporation Reports Fourth Quarter and Full Year 2020 Financial Results
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Cadence Bancorporation (CADE) Tops Q4 EPS by 9c
January 25, 2021 6:29 AM ESTCadence Bancorporation (NYSE: CADE) reported Q4 EPS of $1.57, $0.09 better than the analyst estimate of $1.48.
Adjusted Performance Metrics (1):
Adjusted net income (1), excluding non-routine income and expenses (2), was $206.7 million for the full year of 2020 compared to $223.1 million for 2019. For the fourth quarter of 2020, adjusted net income was $199.7 million, an increase of $147.8 million or 284% compared to the fourth quarter of 2019 and an increase of $148.3 million or 288% compared to the third quarter of 2020.Adjusted pre-tax pre-provision net revenue (1) for the full year 2020 was $542.5 million, compared to $400.3 million for the full year 2019. Adjusted pre-tax... More