Hancock Whitney Q4 2023 Earnings Report
Key Takeaways
Hancock Whitney's net income for Q4 2023 was $50.6 million, or $0.58 per diluted share. Excluding supplemental disclosure items, EPS would be $1.26, up $0.14 linked-quarter. Adjusted pre-provision net revenue (PPNR) totaled $157.5 million, up 3% linked-quarter. Deposits decreased $630.3 million, or 8% LQA, primarily due to maturity of $567.5 million in brokered deposits.
Net income totaled $50.6 million, compared to $97.7 million in prior quarter
Adjusted pre-provision net revenue (PPNR) totaled $157.5 million, up $4.1 million, or 3% linked-quarter
Deposits decreased $630.3 million, or 8% LQA, primarily due to maturity of $567.5 million in brokered deposits
NIM stable at 3.27%, compared to 3Q23
Hancock Whitney
Hancock Whitney
Forward Guidance
Management expects 2024 period-end loan and deposit level growth to be low single digits from year-end 2023.