Cadence Bank (CADE)

Cadence Bank Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,946	2,197	1,844	1,184	1,027	930.63
Revenue Growth (YoY)	6.20%	19.14%	55.79%	15.22%	10.41%	8.56%
Cost of Revenue	10.59	13.56	0	0	0	0
Gross Profit	1,935	2,184	1,844	1,184	1,027	930.63
Selling, General & Admin	696	735.11	805.49	576.67	500.75	476.48
Other Operating Expenses	-1,141.96	-382.46	-1,841.16	-1,513.62	-1,240.68	-1,107.59
Operating Expenses	-569.57	382.46	-1,035.67	-936.95	-739.93	-631.11
Operating Income	689.74	542.3	808.67	246.93	287.55	299.52
Interest Income	2,421	2,310	1,561	882.05	799.49	775.01
Interest Expense	838.7	192.08	209.29	76.32	108.53	125.07
Other Expense / Income	1,675	2,123	1,561	805.73	690.97	649.94
Pretax Income	73.98	-0.91	599.38	246.93	287.55	299.52
Income Tax	14.13	-4.59	136.14	51.77	59.49	65.26
Net Income	582.65	542.3	463.24	195.16	228.05	234.26
Net Income Growth	37.12%	17.07%	137.36%	-14.42%	-2.65%	5.85%
Shares Outstanding (Basic)	183	183	184	120	103	102
Shares Outstanding (Diluted)	186	183	184	121	103	102
Shares Change	0.91%	-1.02%	52.90%	16.81%	1.47%	2.70%
EPS (Basic)	3.14	2.92	2.47	1.54	2.12	2.31
EPS (Diluted)	3.13	2.92	2.46	1.54	2.12	2.30
EPS Growth	37.28%	18.70%	59.74%	-27.36%	-7.83%	3.14%
Free Cash Flow	593.65	498.77	828.55	1,100	170.63	184.59
Free Cash Flow Per Share	3.20	2.73	4.49	9.12	1.65	1.81
Gross Margin	99.46%	99.38%	100.00%	100.00%	100.00%	100.00%
Operating Margin	35.44%	24.68%	43.85%	20.86%	27.99%	32.18%
Profit Margin	29.94%	24.68%	25.12%	16.48%	22.20%	25.17%
Free Cash Flow Margin	30.51%	22.70%	44.92%	92.95%	16.61%	19.84%
Effective Tax Rate	19.09%	-	22.71%	20.96%	20.69%	21.79%
EBITDA	637.15	561.69	1,064	422.86	330.92	338.17
EBITDA Margin	32.74%	25.56%	57.72%	35.72%	32.21%	36.34%
Depreciation & Amortization	232.4	63.79	255.82	175.94	43.37	38.65
EBIT	404.75	497.9	808.67	246.93	287.55	299.52
EBIT Margin	20.80%	22.66%	43.85%	20.86%	27.99%	32.18%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.