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Stock impact report

HWC Q2 Earnings Beat Estimates on NII & Fee Income Growth, Stock Down [Yahoo! Finance]

Hancock Whitney Corporation (HWC) 
Last hancock whitney corporation earnings: 4/28 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Further, the bottom line rose 4.6% from the prior year quarter. Results benefited from an increase in non-interest income and net interest income (NII). Also, higher loans were another positive. However, higher adjusted expenses and provisions alongside lower deposit balances were headwinds. Given these negatives, the company's shares declined 3.2% in Tuesday's after-market session. The results excluded certain notable items. Excluding those items, net income was $113.5 million, down approximately 1% from the prior-year quarter. Our estimate for the metric was $113.2 million. Quarterly total revenues amounted to $375.5 million, up 4.4% year over year. The top line surpassed the Zacks Consensus Estimate of $371.3 million. NII (on a tax-equivalent basis) increased 2.3% year over year to $279.5 million. The net interest margin (NIM) was 3.49%, which expanded 12 basis points (bps). Our estimates for NII and NIM were pegged at $278.1 million and 3.53%, respectively. Non-interest Show less Read more
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