Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Cadence (CADE) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this bank, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near- ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

财务数据和关键指标变化 - 公司第三季度GAAP净收入为1.341亿美元，每股摊薄收益为0.72美元，调整后净收入为1.356亿美元，每股摊薄收益为0.73美元，较2024年第二季度增长0.04美元，增幅为6% [4][7] - 存款表现突出，核心客户存款年化增长超过11%，存款成本基本持平，季度内仅上升2个基点 [4][5] - 净利息收益率连续第四个季度改善，达到3.31%，较去年上升4个基点 [5][9] 各条业务线数据和关键指标变化 - 贷款余额基本持平，非房地产商业和工业贷款出现净下降，其他贷款细分市场则增长约2% [9] - 非利息收入调整后为8880万美元，较上季度增长320万美元，增幅为3.7% [11][12] - 调整后的非利息支出为超过2.6亿美元，较上季度上升920万美元，增幅为3.7% [13][14] 各个市场数据和关键指标变化 - 存款总增长约为9.85亿美元，年化增幅为10.4% [8] - 非利息支出增长主要受薪酬和法律费用上升影响 [13][14] 公司战略和发展方向和行业竞争 - 公司计划在未来继续专注于核心市场的扩展，尤其是在坦帕、奥兰多、纳什维尔等城市 [39] - 公司在并购方面保持积极态度，寻求在现有市场内的扩展机会 [39] 管理层对经营环境和未来前景的评论 - 管理层对未来的经济环境持乐观态度，认为贷款管道依然强劲，预计新贷款发放将超过还款压力 [5][17] - 信贷质量保持稳定，净违约率与前一季度一致，信贷损失准备金覆盖率为1.38% [6][15] 其他重要信息 - 公司在市场波动中回购了超过32.3万股股票，资本指标保持强劲，CET1为12.3% [7][16] - 预计在第四季度将偿还剩余20亿美元的BTFP借款，计划用核心存款替代 [11][51] 问答环节所有提问和回答 问题: 关于净利息收益率的短期和中期影响 - 管理层表示，浮动利率贷款的重定价将对净利息收益率产生积极影响，预计未来几季度将继续支持贷款收益率的温和增长 [18][20] 问题: 关于贷款承诺的水平 - 新贷款承诺约为17亿美元，与第二季度持平，贷款管道依然充足，但由于还款压力，贷款余额未能显著增长 [27][28] 问题: 关于费用增长的正常化 - 管理层预计，费用增长将在2025年恢复正常，主要受通货膨胀和持续投资的影响 [32][36] 问题: 关于资本回购的意向 - 公司将继续进行股票回购，认为当前的资本状况良好，能够支持未来的并购机会 [38][39] 问题: 关于信贷质量的变化 - 管理层表示，信贷质量保持稳定，非应计贷款的增加主要是由于个别贷款的正常流动，没有系统性问题 [52][53]

业绩总结 - 第三季度净收入为1.341亿美元，每股摊薄收益为0.72美元，调整后的净收入为1.356亿美元，每股调整后收益为0.73美元[1] - 第三季度总调整收入为4.503亿美元，较第二季度的4.420亿美元有所增加[1] - 第三季度非利息收入为8590万美元，较2023年第三季度的7400万美元增长16.1%[26] - 调整后的非利息收入为8880万美元，较2023年第三季度的8060万美元增长10.3%[26] - 第三季度的净利息收入较2024年第二季度增加510万美元，增幅为1.4%[21] 用户数据 - 期末总存款增长9.86亿美元，年化增幅为10.4%[1] - 客户存款（不包括经纪存款和公共资金）增加14亿美元，剔除过夜扫存活动后，客户存款增加约9.45亿美元，年化增幅为11.4%[1] - 截至2024年9月30日，总存款为376.34亿美元，利息支出为2.55%[39] 贷款与信用指标 - 期末贷款保持在333亿美元，年初至今净贷款增长为8.07亿美元，年化增幅为3.3%[1] - 信用指标显示年化净违约率为0.26%，较上季度略有改善，信用损失准备金为1200万美元，贷款的信用损失准备金占比为1.38%[1] - 截至2024年9月30日，商业和工业贷款的非表现贷款（NPL）率为1.71%，较2023年9月30日的0.74%显著上升[10] - 截至2024年9月30日，非表现资产占总资产的0.40%，较2024年6月30日的0.31%上升[16] 资本与回报 - 每股有形账面价值为21.68美元，较2024年第二季度增加1.60美元[1] - 2024年9月30日的一级资本比率为12.7%，总风险资本比率为14.5%[1] - 调整后的股息支付比率为34.25%，较2024年第二季度的36.23%下降5.48%[50] 未来展望 - 2024财年贷款总额预计将实现低至中单位数的增长，核心客户存款预计将实现中单位数的增长[35] - 调整后的总收入预计为16.77亿美元，较2023年实际收入167.7亿美元无变化[35] - 净坏账预计与2023年水平相似，预计在20-30个基点之间[35] 费用与支出 - 第三季度非利息支出为2.594亿美元，较2023年第三季度的2.744亿美元有所下降[29] - 2024年第三季度薪资和员工福利支出为1.522亿美元，较2024年第二季度的1.480亿美元增加2.8%[28] - 2024年第三季度的法律费用为370万美元，较2024年第二季度的80万美元增加383.5%[28] 股票回购与分红 - 第三季度回购了323,395股公司普通股，平均回购价格为每股28.79美元，年初至今回购总计123万股，平均回购价格为每股26.74美元[34] - 每股现金分红为0.25美元[34]

For the quarter ended September 2024, Cadence (CADE) reported revenue of $447.36 million, down 0.2% over the same period last year. EPS came in at $0.73, compared to $0.56 in the year-ago quarter.The reported revenue represents a surprise of -0.57% over the Zacks Consensus Estimate of $449.9 million. With the consensus EPS estimate being $0.63, the EPS surprise was +15.87%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Cadence (CADE) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 15.87%. A quarter ago, it was expected that this bank would post earnings of $0.60 per share when it actually produced earnings of $0.69, delivering a surprise of 15%. Over the last four quarters, the company has surpassed ...

文章核心观点 - 公司在第三季度保持了良好的经营业绩,包括存款增长、净利差扩大、信贷质量稳定等 [1][2][3] - 公司通过出售子公司Cadence Business Solutions和Cadence Insurance获得了大量资本收益 [9] - 公司持续实施股票回购计划,资本充足率保持在较高水平 [8] 财务数据总结 收益情况 - 第三季度净利润同比增长49.4%,达到1.341亿美元 [2] - 调整后的持续经营净利润同比增长39.2%,达到1.356亿美元 [2] - 调整后的持续经营每股收益为0.73美元,较上季度增长5.8% [2] 收入情况 - 净利息收入同比增长9.9%,达到3.615亿美元 [3] - 净利差提升33个基点至3.31% [3] - 非利息收入同比增长16.1%,达到8,590万美元 [6] 资产负债情况 - 贷款余额保持稳定,达到333亿美元 [4] - 存款余额增长10.4%,达到388亿美元 [4] - 资本充足率保持在较高水平,普通股一级资本充足率为12.3% [8] 资产质量 - 不良贷款率上升至0.82%,但仍处于较低水平 [5] - 拨备覆盖率为168.84%,较上季度有所下降 [5] - 净拨备计提同比下降29.4%,达到1,200万美元 [5]

Wall Street analysts expect Cadence (CADE) to post quarterly earnings of $0.63 per share in its upcoming report, which indicates a year-over-year increase of 12.5%. Revenues are expected to be $449.9 million, up 0.4% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Before a company announces its ea ...

The market expects Cadence (CADE) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 21, 2024, might help the stock move higher if these key numbers ar ...