TUPELO, Miss. (AP) _ Cadence Bank (CADE) on Tuesday reported a fourth-quarter loss of $34.7 million, after reporting a profit in the same period a year earlier.

The Tupelo, Mississippi-based bank said it had a loss of 22 cents per share. Earnings, adjusted for non-recurring costs, were 63 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The bank posted revenue of $394.5 million in the period. Its revenue net of interest expense was $375.1 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $374.9 million.

For the year, the company reported profit of $195.2 million, or $1.54 per share. Revenue was reported as $1.18 billion.

Cadence shares have increased slightly more than 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.96, an increase of nearly 6% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CADE at https://www.zacks.com/ap/CADE

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News