Earnings Call Summary | Cadence Bancorp(CADE.US) Q1 2024 Earnings Conference
Earnings Call Summary | Cadence Bancorp(CADE.US) Q1 2024 Earnings Conference
The following is a summary of the Cadence Bank (CADE) Q1 2024 Earnings Call Transcript:
以下是Cadence銀行（CADE）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Cadence Bank reported Q1 GAAP net income of $114.6 million or $0.62 per common share.
It noted a growth in loan balances by $385 million or 4.8% annualized, mostly from non-real estate and owner-occupied C&I portfolios and mortgages.
Net interest margin improved by 18 basis points, reaching 3.22%.
A reduction was recorded in brokered and specific publicly funded balances of over $1 billion, offset by approx. $400 million in core customer deposits growth.
The quarterly efficiency ratio stood at 60.1% after a 600 basis point reduction.
For credit losses, a provision of $22 million was registered with net charge-offs at $19.5 million.
Cadence銀行公佈的第一季度GAAP淨收益爲1.146億美元，合每股普通股0.62美元。
它指出，貸款餘額增長了3.85億美元，按年計算增長了4.8％，主要來自非房地產和自有C＆I投資組合和抵押貸款。
淨利率提高了18個點子，達到3.22％。
經紀和特定公共資金餘額減少了超過10億美元，被約4億美元的核心客戶存款增長所抵消。
在降低了600個點子之後，季度效率比率爲60.1％。
在信貸損失方面，登記了2,200萬美元的準備金，淨扣除額爲1,950萬美元。
Business Progress:
業務進展：
2023 strategic initiatives yield positive impact on recent results which included the sale of the insurance agency.
With over 650,000 shares repurchased at an average price of $25.65, capital metrics were grown, resulting in CET1 of 11.7% and total capital of 14.5% at end March 2024.
Efficiency ratio improvements are anticipated throughout the remainder of 2024.
Cadence Bank is consistently growing in the loan sector and in high-growth markets such as Georgia, Texas, Florida, Nashville, and Houston.
Fee businesses account for under 20% of total revenue, maintaining strong performance due to increased assets under management and market growth.
The bank is also observing successes in the corporate sector and in their construction to perm product due to a lack of inventory in the market.
2023年的戰略舉措對包括出售保險機構在內的近期業績產生了積極影響。
以25.65美元的平均價格回購了超過65萬股股票，資本指標有所增長，到2024年3月底，CET1爲11.7％，總資本爲14.5％。
預計在2024年的剩餘時間內，效率比率將有所提高。
Cadence Bank 在貸款領域以及喬治亞州、德克薩斯州、佛羅里達州、納什維爾和休斯敦等高增長市場持續增長。
收費業務佔總收入的20％以下，由於管理的資產增加和市場增長，保持了強勁的業績。
由於市場庫存不足，該銀行還觀察到企業部門及其在製造燙髮產品方面取得的成功。
More details: Cadence Bancorp IR
更多詳情： Cadence Bancorp IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。