Cadence Bank: Residential Mortgages Drive Growth
Cadence Bank(CADE) Seeking Alpha·2024-07-23 22:15
Images By Tang Ming Tung Cadence Bank (NYSE:CADE) is a bank founded back in 1887 and headquartered in Houston, Texas. Recently, Q2 2024 results were released and both EPS and revenue estimates were beaten. Seeking Alpha Beyond that, CADE has shown resilience in the current macroeconomic environment, particularly regarding the increase in Residential Loans. The upward pressure on the cost of deposits has slowed down a lot in fact, the net interest margin is steadily improving, but loan growth is quite ...