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Mar 31, 2023
Hancock Whitney Q1 2023 Earnings Report
Reported solid results despite industry challenges, with core client deposit and loan growth, stable asset quality, and strong liquidity and capital ratios.
Key Takeaways
Hancock Whitney reported a net income of $126.5 million, or $1.45 per diluted common share, for the first quarter of 2023. The company saw growth in deposits and loans, maintained stable asset quality, and ended the quarter with strong liquidity and improved capital ratios. However, net interest margin was compressed due to increased deposit costs.
Pre-provision net revenue (PPNR) totaled $167.0 million.
Deposits increased $542.7 million, or 7% LQA.
Total loan growth of $290.5 million, or 5% LQA.
NIM decreased 13 basis points (bps) to 3.55%.
Forward Guidance
Management expects 2023 period-end loan growth to be in the range of low- to mid-single digits compared to year-end 2022. Management expects 2023 period-end deposit level growth to be flat to low single digits compared to year-end 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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