Cadence Bank: Above-Average NIM Prospects Can Lead To Continuing Outperformance [Seeking Alpha]
Cadence Bank (CADE)
Last cadence bank earnings: 4/29 06:31 am
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US:NASDAQ Investor Relations:
cadencebank.com/about/investor-relations-overview
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Source: Seeking Alpha
10min Summary Southern bank Cadence has outperformed over the past 12 months, as its net interest margin has perked up after being hurt following the steep rise in industry-wide funding costs. CADE had a slightly weaker loan and earning-asset beta over the hiking cycle, though with room to bring funding costs down, that can help it now that rates are falling. EPS is seen growing nicely next year. With these shares trading for under 12x consensus 2024 EPS, near-term returns potential looks attractive. Sean Pavone/iStock via Getty Images Southern lender Cadence Bank ( NYSE: CADE ) has been making good progress on rebuilding its net interest margin ("NIM") following the sharp rise in industry-wide funding costs. Cadence's loan beta hadn't been all that strong over the hiking cycle, but This article was written by Mark Dockray 1.5K Follower s Follow I like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post hi
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