Cadence Bancorporation Reports Second Quarter 2020 Financial Results
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Cadence Bancorporation (CADE) Misses Q2 EPS by 57c, Revenues Miss
July 22, 2020 6:29 AM EDTCadence Bancorporation (NYSE: CADE) reported Q2 EPS of ($0.45), $0.57 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $184.7 million versus the consensus estimate of $188.47 million.
Second Quarter 2020 Highlights:
Second quarter 2020 highlights (compared to the linked quarter where applicable) are as follows:
Adjusted pre-tax pre-provision net revenue(1) for the second quarter of 2020 remained consistent at $95.0 million, a decrease of $1.1 million or 1.2% compared to the second quarter of 2019 and an increase of $2.0 million or 2.1% compared to the first quarter of 2020. As a percent of average assets, adjusted pre-tax pre-prevision net revenue... More