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Dec 31, 2022
Hancock Whitney Q4 2022 Earnings Report
Reported earnings per share of $1.65.
Key Takeaways
Hancock Whitney Corporation reported a net income of $143.8 million, or $1.65 per diluted common share, for the fourth quarter of 2022, compared to $135.4 million, or $1.55 per diluted common share, in the third quarter of 2022.
Pre-provision net revenue (PPNR) totaled $185.0 million, up $10.3 million, or 6%, linked-quarter
Total loan growth of $528.5 million, or 9% LQA, exceeded expectations
ACL coverage remained strong at 1.48%
NIM increased 14 basis points (bps) to 3.68%
Hancock Whitney
Hancock Whitney
Forward Guidance
Management expects total loan growth to be in the range of low- to mid-single digits at year-end 2023. Management expects 2023 period-end deposit level growth to be flat to low single digits compared to year-end 2022.