trending Market Intelligence /marketintelligence/en/news-insights/trending/yO2hRdDKCLr_udXvoHzBhA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Cadence Bancorp reports surge in Q3 net charge-offs YOY

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Cadence Bancorp reports surge in Q3 net charge-offs YOY

Houston-based Cadence Bancorp. reported third-quarter adjusted net income allocated to common stock of $44.0 million, or 34 cents per share, compared to $49.2 million, or 58 cents per share, in the year-ago period.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 50 cents.

On a GAAP basis, the company reported third-quarter net income of $44.0 million, or 34 cents per share, compared to $47.1 million, or 56 cents per share, in the year-ago quarter.

Third-quarter provision for credit losses was $43.8 million, an increase of $14.8 million from $28.9 million in the linked quarter, driven by higher charge-offs and specific reserves, as well as credit migration of certain credits primarily in the General C&I and Restaurant portfolios.

Net charge-offs were $31.3 million in the most recent quarter, compared to $18.6 million in the linked quarter and $3.1 million in the year-ago quarter.

Net interest margin, on a fully tax-equivalent basis, for the third quarter was 3.94%, compared to 3.97% in the second quarter and 3.58% in the year-ago quarter.

Net interest income for the quarter increased year over year to $160.2 million from $98.1 million.

Total loans, net of unearned income, at the end the third quarter were $13.64 billion, compared to $13.63 billion at the end of the second quarter, and $9.44 billion at the end of the year-ago period.

Total deposits at the end of the third quarter were $14.79 billion, compared to $14.49 billion at the end of the second quarter and $9.56 billion at the end of the year-ago period.