Hancock Whitney Corporation Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2018
January 16, 2019 at 10:00 pm
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Hancock Whitney Corporation announced unaudited earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net interest income of $217,433,000 against $208,047,000 a year ago. Net income was $96,240,000 against $55,449,000 a year ago. Operating earnings was $97,705,000 against $74,969,000 a year ago. Diluted earnings per share were $1.10 against $0.64 a year ago.
For the full year, the company reported net interest income of $848,838,000 against $792,312,000 a year ago. Net income was $323,770,000 against $215,632,000 a year ago. Operating earnings was $347,316,000 against $250,831,000 a year ago. Diluted earnings per share were $3.72 against $2.48 a year ago.
For the fourth quarter ended December 31, 2018, the company reported net charge-offs were $28.1 million, or 0.56% of average total loans on an annualized basis in the fourth quarter of 2018, up from $6.9 million, or 0.14% of average total loans in the third quarter of 2018.
Hancock Whitney Corporation is a financial services company. It provides financial services through its bank subsidiary, Hancock Whitney Bank (the Bank), a Mississippi state bank. The Bank offers a range of traditional and online banking services to commercial, small business and retail customers, providing a range of transaction and savings deposit products, treasury management services, secured and unsecured loan products (including revolving credit facilities), letters of credit and similar financial guarantees. The Banks primary lending focus is to provide commercial, consumer and real estate loans to consumers, small and middle market businesses, and corporate clients in the markets and sectors served by the Bank. The Banks investment portfolio primarily consists of United Sates agency debt securities, United Sates agency mortgage-related securities and obligations of states and municipalities classified as either available for sale or held to maturity.
Hancock Whitney Corporation Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2018