Cadence Bank (CADE) Q2 2024 Earnings Call Transcript
Cadence Bank (NYSE:CADE ) Q2 2024 Earnings Conference Call July 23, 2024 11:00 AM ET Company Participants Will Fisackerly - Director, Finance Dan Rollins - Chairman & CEO Valerie Toalson - CFO Chris Bagley - President & Chief Credit Officer Billy Braddock - Chief Banking Officer Conference Call Participants Manan Gosalia - Morgan Stanley Brett Rabatin - Hovde Group Jon Arfstrom - RBC Capital Markets Brandon King - Truist Michael Rose - Raymond James Gary Tenner - D.A. Davidson Matt Olney - Stephens Catherine Mealor - KBW Jared Shaw - Barclays Operator Good day, and welcome to the Cadence Bank Second Quarter 2024 Webcast and Conference Call.
Cadence Bank: Residential Mortgages Drive Growth
Cadence Bank beats EPS and revenue estimates in recent results. The loan portfolio is shifting towards Residential Mortgages, with less focus on C&I Non-Real Estate Loans. CADE stock remains a hold, with positive loan quality and improving net interest margin, but not low enough P/TBV per share.
Cadence (CADE) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Cadence (CADE) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Cadence (CADE) Tops Q2 Earnings and Revenue Estimates
Cadence (CADE) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.64 per share a year ago.
Earnings Preview: Cadence (CADE) Q2 Earnings Expected to Decline
Cadence (CADE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
