Like a lot of U.S. banks, shares of Hancock Whitney (NASDAQ: HWC ) received a nice boost from last week's election. I've been bullish on this Mississippi-based lender for over two years now, and since I last covered it, the stockI like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at 'The Compound Investor', and predominantly UK names on ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36872 HANCOCK WHITNEY CORPORATION (Exact name of registrant as specified in its charter) Mississippi 64-0693170 (State or o ...

Hancock Whitney Corp.'s (HWC) third-quarter 2024 earnings per share of $1.33 beat the Zacks Consensus Estimate of $1.31. The bottom line compared favorably with $1.12 per share registered in the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The results were aided by an increase in non-interest income and net interest income (NII). Lower expenses and provisions were positives. However, the decline in total loans and deposits affected the results to some extent. N ...

Core Insights - Hancock Whitney (HWC) reported revenue of $367.66 million for the quarter ended September 2024, reflecting a year-over-year increase of 3.5% [1] - The company's earnings per share (EPS) was $1.33, up from $1.12 in the same quarter last year, exceeding the Zacks Consensus Estimate of $1.31 [1] - The revenue surpassed the Zacks Consensus Estimate of $363.54 million, resulting in a surprise of +1.13% [1] Financial Performance Metrics - Efficiency Ratio stood at 54.4%, better than the five-analyst average estimate of 56.9% [3] - Net interest margin (TE) was reported at 3.4%, matching the average estimate based on five analysts [3] - Average balance of total interest-earning assets was $32.26 billion, slightly below the four-analyst average estimate of $32.45 billion [3] - Total net charge-offs as a percentage of average loans were 0.3%, higher than the 0.2% estimated by four analysts [3] - Total nonperforming assets amounted to $110.60 million, exceeding the two-analyst average estimate of $91.34 million [3] - Total nonperforming loans were reported at $82.87 million, compared to the $89.06 million average estimate based on two analysts [3] - Total noninterest income reached $95.90 million, surpassing the $89.47 million estimated by five analysts [3] - Net interest income (TE) was $274.46 million, slightly below the five-analyst average estimate of $277.21 million [3] - Net interest income was reported at $271.76 million, compared to the $273.79 million average estimate based on four analysts [3] - Secondary mortgage market operations generated $3.38 million, below the $3.58 million estimated by two analysts [3] - Other income was $18.83 million, exceeding the two-analyst average estimate of $14.30 million [3] - Bank card and ATM fees totaled $21.64 million, slightly below the $22.01 million average estimate based on two analysts [3] Stock Performance - Shares of Hancock Whitney have returned +5.9% over the past month, outperforming the Zacks S&P 500 composite's +4.3% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]

Company Performance - Hancock Whitney (HWC) reported quarterly earnings of $1.33 per share, exceeding the Zacks Consensus Estimate of $1.31 per share, and up from $1.12 per share a year ago, representing an earnings surprise of 1.53% [1] - The company posted revenues of $367.66 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.13%, and an increase from $355.21 million year-over-year [2] - Hancock Whitney has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times in the same period [2] Stock Performance and Outlook - Hancock Whitney shares have increased approximately 9.2% since the beginning of the year, while the S&P 500 has gained 22.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.26 on revenues of $363.71 million, and for the current fiscal year, it is $5.14 on revenues of $1.44 billion [7] Industry Context - The Zacks Industry Rank indicates that the Banks - Southeast industry is currently in the bottom 34% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]

Analysts on Wall Street project that Hancock Whitney (HWC) will announce quarterly earnings of $1.31 per share in its forthcoming report, representing an increase of 17% year over year. Revenues are projected to reach $363.54 million, increasing 2.4% from the same quarter last year. Over the last 30 days, there has been a downward revision of 1.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial for ...

Hancock Whitney (HWC) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 15, 2024, might help the stock move higher if these key numbers are bette ...

Hancock Whitney (HWC) is well poised to benefit from its solid balance sheet, prospects of interest rate cuts and strategic efforts to bolster net interest margin (NIM) despite concerns related to high funding costs. Bullish Analyst Sentiments for HWC The Zacks Consensus Estimate for Hancock Whitney's 2024 and 2025 has been revised marginally upward over the past month. The positive estimate revision indicates that analysts are optimistic regarding the company's prospects and earnings potential. Estimate Re ...

Hancock Whitney (HWC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syst ...

i - 1 Coming in such a short space of time, those returns naturally make the stock a little more expensive than it was at previous coverage. Still, Q2 figures released this week looked solid, and while the shares may be a little more expensive now at $55.37, the implied valuation still doesn't require aggressive long-term assumptions to work. Indeed, investors can afford to see Hancock underperform on profitability and growth while still offering upside beyond the $60 per share region. As such, I keep my 'B ...