Cadence Bancorporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net interest income of $87,911,000 compared to $72,498,000 a year ago. Income before income taxes was $51,671,000 compared to $44,686,000 a year ago. Net income was $14,691,000 compared to $28,985,000 a year ago. Interest income was $108,370,000 against $87,068,000 a year ago. Diluted earnings per share were $0.17 against $0.38 a year ago. Adjusted operating revenue was $113,551,000 compared to $93,591,000 a year ago. Return on average common equity was 4.32% compared to 10.54% a year ago. Return on average tangible common equity was 5.71% compared to 15.16% a year ago. Return on average assets was 0.55% compared to 1.20% a year ago. The revenue increases were primarily a result of both strong loan growth during the period and meaningful increases in net interest margins.

For the year, the company reported net interest income of $326,216,000 compared to $279,439,000 a year ago. Income before income taxes was $182,999,000 compared to $98,314,000 a year ago. Net income was $102,353,000 compared to $65,774,000 a year ago. Interest income was $396,867,000 against $335,250,000 a year ago. Diluted earnings per share were $1.25 against $0.87 a year ago. Book value per common share was $16.25 compared to $14.41 a year ago. Tangible book value per share was $12.33 compared to $9.97 a year ago. Return on average common equity was 8.16% compared to 6.01% a year ago. Return on average tangible common equity was 11.08% compared to 8.68% a year ago. Return on average assets was 1.02% compared to 0.71% a year ago. Adjusted operating revenue was $426,236,000 compared to $364,106,000 a year ago.

Net-charge offs were $2.7 million for the quarter ended December 31, 2017 as compared to $3.7 million for the quarter and year ended December 31, 2016.

Considering the effects of tax reform, the company estimates the company's effective tax rate will range between of 21% to 22% in 2018.