Cadence Bank Full Year 2024 Earnings: In Line With Expectations

Cadence Bank (NYSE:CADE) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.72b (up 49% from FY 2023).
• Net income: US$514.1m (up from US$5.80m loss in FY 2023).
• Profit margin: 30% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: US$2.77 (up from US$0.032 loss in FY 2023).

CADE Banking Performance Indicators

• Net interest margin (NIM): 3.30% (up from 3.08% in FY 2023).
• Non-performing loans: 0.78% (up from 0.67% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cadence Bank Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Cadence Bank that you should be aware of.

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