Recap: Cadence Bancorp Q2 Earnings

Shares of Cadence Bancorp CADE remained unaffected after the company reported Q2 results.

Quarterly Results

Earnings per share were down 212.50% over the past year to ($0.45), which missed the estimate of $0.12.

Revenue of $184,664,000 declined by 4.08% year over year, which missed the estimate of $187,870,000.

Guidance

Cadence Bancorp hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 22, 2020

Time: 08:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/cade/mediaframe/38944/indexr.html

Price Action

Company's 52-week high was at $19.77

52-week low: $4.63

Price action over last quarter: Up 25.98%

Company Overview

Cadence Bancorp is a bank holding company. The company provides commercial banking and mortgage finance services to businesses, high net worth individuals, business owners and retail customers. Its operating segment includes Banking, Financial Services, and Corporate. The company generates maximum revenue from the Banking segment. Its Banking Segment includes Commercial Banking, Retail Banking and Private Banking lines of business. The Financial Services Segment includes the Trust, Retail Brokerage, and Investment Services lines of business.