CADE - Cadence Bank Non-GAAP EPS of $0.73 revenue of $324.8M

• Cadence Bank press release ( NYSE: CADE ): Q2 Non-GAAP EPS of $0.73.
• Revenue of $324.8M (+75.5% Y/Y).
• Yields on net loans, loans held for sale, and leases excluding accretion, were 4.12% for the second quarter of 2022, up 16 basis points from 3.96% for the first quarter of 2022, while yields on total interest earning assets were 3.29% for the second quarter of 2022, up 19 basis points from 3.10% for the first quarter of 2022.
• Net recoveries for the second quarter of 2022 were $1.4 million, or 0.02% of net loans and leases on an annualized basis, compared with net recoveries of $1.8 million for the second quarter of 2021 and net recoveries of $0.4 million for the first quarter of 2022.

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