Cadence Bancorporation CADE Income Statement

Cadence bancorporation (CADE)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16
INTEREST INCOME
Interest and fees on loans
765,668	796,285	738,288	661,375	573,104	470,144	435,496	404,600	381,289	359,308	340,450	327,356	312,602	305,553	0	0	0
Interest and dividends on securities:
Taxable
45,669	42,450	37,660	34,251	29,471	23,793	21,884	20,246	18,906	18,089	16,507	15,763	15,754	15,838	0	0	0
Tax-exempt
5,994	6,306	6,600	6,839	8,014	9,541	11,083	12,629	13,212	13,360	13,208	12,314	10,881	8,752	0	0	0
Other interest income
13,314	15,035	13,767	12,454	11,169	9,188	8,716	7,454	6,934	6,110	5,400	5,283	5,025	5,107	0	0	0
Total interest income
830,645	860,076	796,315	714,919	621,758	512,666	477,179	444,929	420,341	396,867	375,565	360,716	344,262	335,250	0	0	0
INTEREST EXPENSE
Interest on time deposits
65,108	69,550	68,360	61,589	51,788	42,093	35,428	30,781	25,582	22,213	21,028	20,039	19,101	17,191	0	0	0
Interest on other deposits
111,027	118,528	111,449	97,307	78,700	58,354	46,125	36,342	30,982	27,486	22,995	20,186	17,904	18,255	0	0	0
Interest on borrowed funds
19,158	20,825	23,097	24,701	25,351	24,478	23,120	22,237	21,208	20,952	20,739	20,425	20,326	20,365	0	0	0
Total interest expense
195,293	208,903	202,906	183,597	155,839	124,925	104,673	89,360	77,772	70,651	64,762	60,650	57,331	55,811	0	0	0
Net interest income
635,352	651,173	593,409	531,322	465,919	387,741	372,506	355,569	342,569	326,216	310,803	300,066	286,931	279,439	0	0	0
Provision for credit losses
183,246	111,027	92,323	47,194	19,530	12,700	-197	2,891	8,329	9,735	8,988	36,892	44,662	49,348	0	0	0
Net interest income after provision for credit losses
452,106	540,146	501,086	484,128	446,389	375,041	372,703	352,678	334,240	316,481	301,815	263,174	242,269	230,091	0	0	0
NONINTEREST INCOME
Investment advisory revenue
24,853	24,890	23,141	22,144	21,690	21,347	21,434	21,182	20,900	20,517	20,081	19,531	19,123	18,811	0	0	0
Trust services revenue
18,546	18,066	17,535	17,544	17,080	17,760	18,414	18,578	19,048	19,264	18,537	17,883	17,270	16,109	0	0	0
Credit related fees
22,378	21,265	21,362	18,951	17,417	16,124	14,305	14,062	12,996	12,166	11,653	11,037	10,802	10,729	0	0	0
Service charges on deposit accounts
21,789	20,503	19,178	17,529	16,602	15,432	15,329	15,436	15,417	15,272	15,133	14,768	14,254	13,793	0	0	0
Bankcard fees
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Payroll processing revenue
5,097	5,149	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
SBA income
7,691	7,232	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other service fees
7,220	7,412	7,058	6,677	6,116	5,345	5,195	5,050	4,775	4,414	3,838	3,461	3,206	2,884	0	0	0
Mortgage banking income
-	-	2,730	2,398	-	-	2,661	2,879	3,442	-	4,063	4,557	4,445	4,663	0	0	0
Securities gains (losses), net
5,024	2,018	1,647	874	-1,877	-1,853	-1,783	-1,784	-215	-146	1,105	2,490	3,753	3,736	0	0	0
Other income
14,501	15,904	11,315	10,595	12,836	14,532	20,153	23,453	20,810	21,077	22,169	18,519	19,509	17,678	0	0	0
Total noninterest income
135,330	130,925	118,035	107,369	100,319	94,638	99,287	102,435	100,752	99,874	96,579	92,246	92,362	88,403	0	0	0
NONINTEREST EXPENSE
Salaries and employee benefits
209,210	213,874	202,508	186,415	171,023	154,905	146,594	145,790	142,204	139,118	132,095	128,174	126,525	125,068	0	0	0
Premises and equipment
44,487	44,637	41,214	37,862	33,845	30,478	29,912	29,770	29,819	28,921	28,767	28,478	27,924	27,982	0	0	0
Merger related expenses
7,779	28,497	27,750	27,496	0	-	0	0	-	-	-	-	-	-	-	-	-
Goodwill impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible asset amortization
23,381	23,862	18,584	13,209	8,036	2,755	3,242	3,728	4,203	4,652	5,122	5,593	6,062	6,532	0	0	0
Other expense
104,431	97,900	89,021	81,621	71,915	67,180	71,294	67,231	64,748	60,665	56,395	58,480	59,948	60,598	0	0	0
Total noninterest expense
832,983	408,770	380,948	347,896	309,802	258,301	251,976	247,275	240,974	233,356	222,379	220,725	220,459	220,180	0	0	0
(Loss) income before income taxes
-245,547	262,301	238,173	243,601	236,906	211,378	220,014	207,838	194,018	182,999	176,015	134,695	114,172	98,314	0	0	0
Income tax (benefit) expense
10,007	60,343	55,314	57,592	51,269	45,117	71,388	73,771	78,957	80,646	59,367	44,017	37,622	32,540	0	0	0
Net (loss) income
-255,554	201,958	182,859	186,009	185,637	166,261	148,626	134,067	115,061	102,353	116,648	90,678	76,550	65,774	0	0	0
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