HOUSTON (AP) _ Cadence Bancorp (CADE) on Thursday reported fourth-quarter net income of $51.4 million.
The Houston-based bank said it had earnings of 40 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The bank holding company posted revenue of $241.5 million in the period. Its revenue net of interest expense was $194.8 million, beating Street forecasts. Three analysts surveyed by Zacks expected $191.2 million.
For the year, the company reported profit of $202 million, or $1.56 per share. Revenue was reported as $782.1 million.
Cadence Bancorp shares have decreased almost 3% since the beginning of the year. The stock has decreased slightly more than 5% in the last 12 months.