The Tupelo, Mississippi-based bank said it had earnings of 70 cents per share. Earnings, adjusted for one-time gains and costs, came to 73 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
Cadence Bank (CADE) on Wednesday reported fourth-quarter profit of $132.7 million. The Tupelo, Mississippi-based bank said it had earnings of 70 cents