earnings
confidence high
sentiment positive
materiality 0.75
Hancock Whitney Q1 2024 EPS $1.24; adjusted EPS $1.28; NIM expands to 3.32%
HANCOCK WHITNEY CORP
2024-Q1 EPS reported
$1.24
- Net income $108.6M ($1.24 diluted EPS) vs $50.6M ($0.58) in Q4 2023; YoY EPS down from $1.45.
- Adjusted EPS $1.28, up $0.02 linked-quarter; excludes $3.8M revision to FDIC special assessment.
- NIM (TE) 3.32%, +5 bps QoQ; net interest income $269M, -1% linked-quarter.
- Loans $24.0B (+$49M), deposits $29.8B (+$85.8M); mgmt expects low single-digit 2024 growth.
- CET1 ratio 12.67% (+34 bps); criticized commercial loans rose to 1.83% from 1.47% in Q4 2023.