Cadence (CADE) Q4 Earnings & Revenues Lag Estimates, Dividend Up
CADECadence Bank(CADE) Zacks Investment Research·2024-01-31 05:41

Cadence Bank (CADE) reported fourth-quarter 2023 adjusted earnings per share from continuing operations of 40 cents, missing the Zacks Consensus Estimate of 53 cents. Also, the bottom line declined 48.7% year over year.CADE sold Cadence Insurance, Inc. in the fourth quarter of 2023. The fourth-quarter results presented both continuing and discontinued operations. The company's results were positively impacted by a rise in deposit balances and an improvement in capital position. However, notable increase in ...