- Hancock Whitney’s third quarter earnings per share (EPS) were $1.33, surpassing the estimate of $1.29 and last year’s figure of $1.12.
- Net interest margin remained stable at 3.39%, aligning with estimates and showing an increase from last year’s 3.27%.
- Loans totaled $23.46 billion, a 2.2% decrease compared to last year, falling short of the $23.86 billion estimate.
- Total deposits amounted to $28.98 billion, down 4.4% from the previous year, and below the estimated $29.26 billion.
- The provision for credit losses was $18.6 million, marking a significant 35% reduction year-over-year.
- Book value per share rose to $48.47, exceeding both the previous year’s $40.64 and the estimated $46.93.
- Return on average common equity improved to 11.4% from last year’s 10.9%, slightly above the estimate of 11.3%.
- Management projects that 2024’s end-of-year deposit levels will be flat or slightly below 2023’s year-end levels.
- President & CEO John M. Hairston highlighted the company’s “continued strength and stability” in his comments.
- Hancock Whitney’s capital ratios continue to grow, classified as top quartile, driven by strong earnings.
- Analyst recommendations include 6 buys, 3 holds, and 0 sells.
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A look at Hancock Holding Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Hancock Holding Co appears to have a promising long-term outlook. With high scores in Value and Momentum, the company is positioned well for growth and performance. Additionally, its solid scores in Dividend, Growth, and Resilience indicate a stable foundation and potential for steady returns over time.
As an entity that operates bank offices and financial centers in the United States, Hancock Holding Co provides a range of financial products and services to its customers. With a focus on offering services like checking and savings accounts, loans, mortgages, and investments, the company plays a key role in supporting the financial needs of individuals and businesses alike.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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