Cadence bancorporation (CADE)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
INTEREST INCOME
Interest and fees on loans

175,134

190,553

197,970

202,011

205,751

132,556

121,057

113,740

102,791

97,908

90,161

90,429

80,810

79,050

77,067

75,675

73,761

Interest and dividends on securities:
Taxable

14,015

11,699

9,657

10,298

10,796

6,909

6,248

5,518

5,118

5,000

4,610

4,178

4,301

3,418

3,866

4,169

4,385

Tax-exempt

1,427

1,445

1,495

1,627

1,739

1,739

1,734

2,802

3,266

3,281

3,280

3,385

3,414

3,129

2,386

1,952

1,285

Other interest income

2,178

3,921

4,027

3,188

3,899

2,653

2,714

1,903

1,918

2,181

1,452

1,383

1,094

1,471

1,335

1,125

1,176

Total interest income

192,754

207,618

213,149

217,124

222,185

143,857

131,753

123,963

113,093

108,370

99,503

99,375

89,619

87,068

84,654

82,921

80,607

INTEREST EXPENSE
Interest on time deposits

12,744

14,983

17,083

20,298

17,186

13,793

10,312

10,497

7,491

7,128

5,665

5,298

4,122

5,943

4,676

4,360

2,212

Interest on other deposits

21,984

27,265

31,338

30,440

29,485

20,186

17,196

11,833

9,139

7,957

7,413

6,473

5,643

3,466

4,604

4,191

5,994

Interest on borrowed funds

4,558

4,460

4,541

5,599

6,225

6,732

6,145

6,249

5,352

5,374

5,262

5,220

5,096

5,161

4,948

5,121

5,135

Total interest expense

39,286

46,708

52,962

56,337

52,896

40,711

33,653

28,579

21,982

20,459

18,340

16,991

14,861

14,570

14,228

13,672

13,341

Net interest income

153,468

160,910

160,187

160,787

169,289

103,146

98,100

95,384

91,111

87,911

81,163

82,384

74,758

72,498

70,426

69,249

67,266

Provision for credit losses

83,429

27,126

43,764

28,927

11,210

8,422

-1,365

1,263

4,380

-4,475

1,723

6,701

5,786

-5,222

29,627

14,471

10,472

Net interest income after provision for credit losses

70,039

133,784

116,423

131,860

158,079

94,724

99,465

94,121

86,731

92,386

79,440

75,683

68,972

77,720

40,799

54,778

56,794

NONINTEREST INCOME
Investment advisory revenue

5,605

6,919

6,532

5,797

5,642

5,170

5,535

5,343

5,299

5,257

5,283

5,061

4,916

4,821

4,733

4,653

4,604

Trust services revenue

4,815

4,713

4,440

4,578

4,335

4,182

4,449

4,114

5,015

4,836

4,613

4,584

5,231

4,109

3,959

3,971

4,070

Credit related fees

5,983

5,094

5,960

5,341

4,870

5,191

3,549

3,807

3,577

3,372

3,306

2,741

2,747

2,859

2,690

2,506

2,674

Service charges on deposit accounts

6,416

5,181

5,462

4,730

5,130

3,856

3,813

3,803

3,960

3,753

3,920

3,784

3,815

3,614

3,555

3,270

3,354

Bankcard fees

1,958

-

-

-

2,213

-

-

-

-

-

-

-

-

-

-

-

-

Payroll processing revenue

1,367

1,373

1,196

1,161

1,419

-

-

-

-

-

-

-

-

-

-

-

-

SBA income

1,908

2,152

2,216

1,415

1,449

-

-

-

-

-

-

-

-

-

-

-

-

Other service fees

1,912

1,701

1,700

1,907

2,104

1,347

1,319

1,346

1,333

1,197

1,174

1,071

972

621

797

816

650

Mortgage banking income

-

-

1,079

674

-

-

747

650

577

-

965

1,213

866

1,019

1,459

1,101

1,084

Securities gains (losses), net

2,994

317

775

938

-12

-54

2

-1,813

12

16

1

-244

81

1,267

1,386

1,019

64

Other income

2,111

1,927

5,282

5,181

3,514

-2,662

4,562

7,422

5,210

2,959

7,862

4,779

5,477

4,051

4,212

5,769

3,646

Total noninterest income

35,069

33,897

34,642

31,722

30,664

21,007

23,976

24,672

24,983

25,656

27,124

22,989

24,105

22,361

22,791

23,105

20,146

NONINTEREST EXPENSE
Salaries and employee benefits

48,807

54,839

51,904

53,660

53,471

43,473

35,811

38,268

37,353

35,162

35,007

34,682

34,267

28,139

31,086

33,033

32,810

Premises and equipment

10,808

11,618

10,913

11,148

10,958

8,195

7,561

7,131

7,591

7,629

7,419

7,180

6,693

7,475

7,130

6,626

6,751

Merger related expenses

1,282

925

1,010

4,562

22,000

-

178

756

-

-

-

-

-

-

-

-

-

Goodwill impairment

443,695

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible asset amortization

5,592

5,876

6,025

5,888

6,073

598

650

715

792

1,085

1,136

1,190

1,241

1,555

1,607

1,659

1,711

Other expense

27,469

27,260

24,431

25,271

20,938

18,381

17,031

15,565

16,203

22,495

12,968

13,082

12,120

18,225

15,053

14,550

12,770

Total noninterest expense

537,653

100,518

94,283

100,529

113,440

72,696

61,231

62,435

61,939

66,371

56,530

56,134

54,321

55,394

54,876

55,868

54,042

(Loss) income before income taxes

-432,545

67,163

56,782

63,053

75,303

43,035

62,210

56,358

49,775

51,671

50,034

42,538

38,756

44,687

8,714

22,015

22,898

Income tax (benefit) expense

-33,234

15,738

12,796

14,707

17,102

10,709

15,074

8,384

10,950

36,980

17,457

13,570

12,639

15,701

2,107

7,175

7,557

Net (loss) income

-399,311

51,425

43,986

48,346

58,201

32,326

47,136

47,974

38,825

14,691

32,577

28,968

26,117

28,986

6,607

14,840

15,341

Weighted average common shares outstanding (Basic)

126,630

127,920

128,457

128,791

130,485

83,373

83,625

83,625

83,625

83,747

83,625

81,918

75,000

75,000

75,000

75,000

75,000

Weighted average common shares outstanding (Diluted)

126,630

127,970

128,515

129,035

130,549

83,373

84,660

84,792

84,674

84,839

83,955

81,951

75,672

75,403

75,258

75,258

75,258

(Loss) earnings per common share (Basic)

-3.15

0.41

0.34

0.37

0.44

0.40

0.56

0.57

0.46

0.17

0.39

0.35

0.35

0.39

0.09

0.20

0.20

(Loss) earnings per common share (Diluted)

-3.15

0.41

0.34

0.37

0.44

0.38

0.56

0.57

0.46

0.16

0.39

0.35

0.35

0.38

0.09

0.20

0.20