💨 Abstract

Cadence Bank reported first-quarter earnings of $133.2 million, beating Wall Street expectations. The Tupelo, Mississippi-based bank had earnings of 70 cents per share, with adjusted earnings of 71 cents per share. The bank's revenue net of interest expense was $448.5 million, missing forecasts. Despite a 20% drop since the start of the year, Cadence shares closed at $27.59

Courtesy: wtop.com

Summarized by Einstein Beta 🤖