Shares of Cadence Bank (CADE) jumped 5.14% in pre-market trading on Wednesday following the release of the company's strong first-quarter 2025 earnings report and positive analyst reactions.
Cadence Bank reported Q1 net income of $130.9 million, or $0.70 per share, up 14% from the same period last year. The bank's revenue increased 3.1% to $428.5 million, while its net interest margin improved by 8 basis points to 3.46%. Loan growth was nearly 4% annualized, with strong performance in Georgia, Florida, and Texas markets.
Following the earnings release, several analysts reaffirmed their positive outlook on Cadence Bank. Morgan Stanley maintained a Buy rating on the stock, while Keefe Bruyette, despite lowering its price target slightly to $38 from $42, kept an Outperform rating. The bank's strong financial performance, improved efficiency ratio, and stable credit quality appear to be driving investor optimism, leading to the significant pre-market stock price increase.
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