Cadence Bank Announces Retreat In Q4 Profit

(RTTNews) - Cadence Bank (CADE) revealed a profit for fourth quarter that decreased from the same period last year

The company's bottom line totaled $130.34 million, or $0.70 per share. This compares with $256.69 million, or $1.41 per share, last year.

Excluding items, Cadence Bank reported adjusted earnings of $130.0 million or $0.70 per share for the period.

The company's revenue for the period rose 8.9% to $364.5 million from $334.6 million last year.

Cadence Bank earnings at a glance (GAAP) :

-Earnings: $130.34 Mln. vs. $256.69 Mln. last year. -EPS: $0.70 vs. $1.41 last year. -Revenue: $364.5 Mln vs. $334.6 Mln last year.