Hancock Whitney (HWC - Free Report) reported $354.02 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.1%. EPS of $1.28 for the same period compares to $1.45 a year ago.
The reported revenue represents a surprise of +0.25% over the Zacks Consensus Estimate of $353.15 million. With the consensus EPS estimate being $1.18, the EPS surprise was +8.47%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 57.2% 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: $32.56 billion compared to the $33.11 billion average estimate based on five analysts.
- Net charge-offs to average loans: 0.2% versus 0.2% estimated by four analysts on average.
- Total nonperforming loans: $82.08 million versus the two-analyst average estimate of $63.09 million.
- Total nonperforming assets: $84.88 million compared to the $67.97 million average estimate based on two analysts.
- Tier 1 risk-based capital ratio: 12.7% compared to the 12.2% average estimate based on two analysts.
- Total Noninterest Income: $87.85 million versus $84.63 million estimated by six analysts on average.
- Net interest income (FTE): $269 million versus $272.17 million estimated by six analysts on average.
- Net Interest Income: $266.17 million compared to the $268.97 million average estimate based on five analysts.
- Secondary mortgage market operations: $2.89 million versus $2.26 million estimated by three analysts on average.
- Bank card and ATM fees: $20.62 million compared to the $20.41 million average estimate based on three analysts.
View all Key Company Metrics for Hancock Whitney here>>>Shares of Hancock Whitney have returned +1.8% over the past month versus the Zacks S&P 500 composite's -0.9% 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.
Infrastructure Stock Boom to Sweep America
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 >>
Hancock Whitney (HWC - Free Report) reported $354.02 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.1%. EPS of $1.28 for the same period compares to $1.45 a year ago.
The reported revenue represents a surprise of +0.25% over the Zacks Consensus Estimate of $353.15 million. With the consensus EPS estimate being $1.18, the EPS surprise was +8.47%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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 57.2% 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: $32.56 billion compared to the $33.11 billion average estimate based on five analysts.
- Net charge-offs to average loans: 0.2% versus 0.2% estimated by four analysts on average.
- Total nonperforming loans: $82.08 million versus the two-analyst average estimate of $63.09 million.
- Total nonperforming assets: $84.88 million compared to the $67.97 million average estimate based on two analysts.
- Tier 1 risk-based capital ratio: 12.7% compared to the 12.2% average estimate based on two analysts.
- Total Noninterest Income: $87.85 million versus $84.63 million estimated by six analysts on average.
- Net interest income (FTE): $269 million versus $272.17 million estimated by six analysts on average.
- Net Interest Income: $266.17 million compared to the $268.97 million average estimate based on five analysts.
- Secondary mortgage market operations: $2.89 million versus $2.26 million estimated by three analysts on average.
- Bank card and ATM fees: $20.62 million compared to the $20.41 million average estimate based on three analysts.
View all Key Company Metrics for Hancock Whitney here>>>Shares of Hancock Whitney have returned +1.8% over the past month versus the Zacks S&P 500 composite's -0.9% 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.
Infrastructure Stock Boom to Sweep America
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 >>
Get the latest research report on HWC - FREE