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Mar 31, 2024
Hancock Whitney Q1 2024 Earnings Report
Hancock Whitney reported a positive start to 2024 with increased net income and strategic balance sheet repositioning.
Key Takeaways
Hancock Whitney Corporation reported a net income of $108.6 million for Q1 2024, translating to $1.24 per diluted common share. This quarter's results reflect a positive start to the year, driven by efforts to reposition the balance sheet and expand the net interest margin (NIM).
Net income totaled $108.6 million, compared to $50.6 million in prior quarter
Adjusted pre-provision net revenue (PPNR) totaled $152.9 million, down $4.6 million, or 3% linked-quarter
Loans increased $49.0 million, or 1% LQA
Deposits increased $85.8 million, or 1% LQA
Forward Guidance
Management expects 2024 period-end loan and deposit level growth to be low single digits from year-end 2023, mostly in the second half of 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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