Loading...
•
Sep 30, 2022
Hancock Whitney Q3 2022 Earnings Report
Reported EPS of $1.55 for Q3 2022, reflecting one of the highest performing quarters in the company's history.
Key Takeaways
Hancock Whitney reported a strong third quarter in 2022, with net income totaling $135.4 million, or $1.55 per diluted common share. The company experienced significant loan growth, an increase in net interest margin, and maintained historically low asset quality metrics. The efficiency ratio improved, and CET1 capital remained strong.
Pre-provision net revenue (PPNR) totaled $174.7 million, up $27.8 million, or 19%, linked-quarter
Total loan growth of $739.5 million, or 14% LQA
ACL coverage remained strong at 1.50%
NIM increased 50 basis points (bps) to 3.54%
Forward Guidance
Management expects total loan growth to be 8-9% at year-end 2022 compared to year-end 2021. Management expects 2022 period-end deposit levels to be down 3-4% compared to year-end 2021, including fourth quarter of 2022 seasonal year-end deposit growth.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...