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Hancock Whitney (HWC) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2023, Hancock Whitney (HWC - Free Report) reported revenue of $357.14 million, up 7.8% over the same period last year. EPS came in at $1.35, compared to $1.38 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $362.75 million, representing a surprise of -1.55%. The company delivered an EPS surprise of +1.50%, with the consensus EPS estimate being $1.33.
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: 55.33% versus the six-analyst average estimate of 54.58%.
Net interest margin (FTE): 3.3% compared to the 3.35% average estimate based on six analysts.
Average Balance - Total interest earning assets: $33.62 billion compared to the $33.58 billion average estimate based on four analysts.
Net charge-offs to average loans: 0.06% compared to the 0.11% average estimate based on four analysts.
Total Noninterest Income: $83.23 million versus $84.51 million estimated by six analysts on average.
Net interest income (FTE): $276.75 million compared to the $280.40 million average estimate based on six analysts.
Net Interest Income: $273.91 million versus the five-analyst average estimate of $276.97 million.
Secondary mortgage market operations: $2.30 million versus $2.42 million estimated by three analysts on average.
Bank card and ATM fees: $20.98 million versus the three-analyst average estimate of $21.85 million.
Investment and annuity fees and insurance commissions: $8.24 million versus $8.29 million estimated by three analysts on average.
Other income: $12.82 million compared to the $12.67 million average estimate based on three analysts.
Service charges on deposit accounts: $21.49 million versus $21.62 million estimated by three analysts on average.
Shares of Hancock Whitney have returned +5.4% over the past month versus the Zacks S&P 500 composite's +2.7% 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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Hancock Whitney (HWC) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2023, Hancock Whitney (HWC - Free Report) reported revenue of $357.14 million, up 7.8% over the same period last year. EPS came in at $1.35, compared to $1.38 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $362.75 million, representing a surprise of -1.55%. The company delivered an EPS surprise of +1.50%, with the consensus EPS estimate being $1.33.
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: 55.33% versus the six-analyst average estimate of 54.58%.
- Net interest margin (FTE): 3.3% compared to the 3.35% average estimate based on six analysts.
- Average Balance - Total interest earning assets: $33.62 billion compared to the $33.58 billion average estimate based on four analysts.
- Net charge-offs to average loans: 0.06% compared to the 0.11% average estimate based on four analysts.
- Total Noninterest Income: $83.23 million versus $84.51 million estimated by six analysts on average.
- Net interest income (FTE): $276.75 million compared to the $280.40 million average estimate based on six analysts.
- Net Interest Income: $273.91 million versus the five-analyst average estimate of $276.97 million.
- Secondary mortgage market operations: $2.30 million versus $2.42 million estimated by three analysts on average.
- Bank card and ATM fees: $20.98 million versus the three-analyst average estimate of $21.85 million.
- Investment and annuity fees and insurance commissions: $8.24 million versus $8.29 million estimated by three analysts on average.
- Other income: $12.82 million compared to the $12.67 million average estimate based on three analysts.
- Service charges on deposit accounts: $21.49 million versus $21.62 million estimated by three analysts on average.
View all Key Company Metrics for Hancock Whitney here>>>Shares of Hancock Whitney have returned +5.4% over the past month versus the Zacks S&P 500 composite's +2.7% 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.