For the quarter ended September 2023, Hancock Whitney (HWC - Free Report) reported revenue of $355.21 million, down 2.9% over the same period last year. EPS came in at $1.12, compared to $1.55 in the year-ago quarter.
The reported revenue represents a surprise of -0.14% over the Zacks Consensus Estimate of $355.72 million. With the consensus EPS estimate being $1.02, the EPS surprise was +9.80%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hancock Whitney performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 56.4% versus 56.7% estimated by six analysts on average.
- Net interest margin (FTE): 3.3% versus 3.3% estimated by six analysts on average.
- Average Balance - Total interest earning assets: $33.14 billion versus the four-analyst average estimate of $33.29 billion.
- Net charge-offs to average loans: 0.6% compared to the 0.5% average estimate based on four analysts.
- Total nonperforming loans: $60.33 million compared to the $72.01 million average estimate based on two analysts.
- Total nonperforming assets: $64.86 million compared to the $75.07 million average estimate based on two analysts.
- Tier 1 risk-based capital ratio: 12% versus the two-analyst average estimate of 11.9%.
- Total Noninterest Income: $85.97 million compared to the $85.10 million average estimate based on six analysts.
- Net interest income (FTE): $272.09 million versus the six-analyst average estimate of $272.96 million.
- Net Interest Income: $269.23 million versus the four-analyst average estimate of $270.08 million.
- Secondary mortgage market operations: $2.61 million compared to the $2.34 million average estimate based on three analysts.
- Other income: $15.43 million versus $12.97 million estimated by three analysts on average.
View all Key Company Metrics for Hancock Whitney here>>>Shares of Hancock Whitney have returned -8% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended September 2023, Hancock Whitney (HWC - Free Report) reported revenue of $355.21 million, down 2.9% over the same period last year. EPS came in at $1.12, compared to $1.55 in the year-ago quarter.
The reported revenue represents a surprise of -0.14% over the Zacks Consensus Estimate of $355.72 million. With the consensus EPS estimate being $1.02, the EPS surprise was +9.80%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hancock Whitney performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 56.4% versus 56.7% estimated by six analysts on average.
- Net interest margin (FTE): 3.3% versus 3.3% estimated by six analysts on average.
- Average Balance - Total interest earning assets: $33.14 billion versus the four-analyst average estimate of $33.29 billion.
- Net charge-offs to average loans: 0.6% compared to the 0.5% average estimate based on four analysts.
- Total nonperforming loans: $60.33 million compared to the $72.01 million average estimate based on two analysts.
- Total nonperforming assets: $64.86 million compared to the $75.07 million average estimate based on two analysts.
- Tier 1 risk-based capital ratio: 12% versus the two-analyst average estimate of 11.9%.
- Total Noninterest Income: $85.97 million compared to the $85.10 million average estimate based on six analysts.
- Net interest income (FTE): $272.09 million versus the six-analyst average estimate of $272.96 million.
- Net Interest Income: $269.23 million versus the four-analyst average estimate of $270.08 million.
- Secondary mortgage market operations: $2.61 million compared to the $2.34 million average estimate based on three analysts.
- Other income: $15.43 million versus $12.97 million estimated by three analysts on average.
View all Key Company Metrics for Hancock Whitney here>>>Shares of Hancock Whitney have returned -8% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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