Part I. Financial Information This section presents the company's financial statements, management's discussion and analysis, market risk disclosures, and internal controls [Financial Statements](index=5&type=section&id=ITEM%201.%20Financial%20Statements) The company's Q1 2025 financial statements reflect increased net income, a slight decrease in total assets, and growth in stockholders' equity Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--- | :--- | :--- | | Total Loans, net | $22,780,027 | $22,980,565 | | Total Assets | $34,750,680 | $35,081,785 | | Total Deposits | $29,194,733 | $29,492,851 | | Total Liabilities | $30,472,008 | $30,954,149 | | Total Stockholders' Equity | $4,278,672 | $4,127,636 | Consolidated Income Statement Highlights (in thousands) | Account | Q1 2025 (in thousands) | Q1 2024 (in thousands) | | :--- | :--- | :--- | | Net Interest Income | $269,905 | $266,171 | | Provision for Credit Losses | $10,462 | $12,968 | | Total Noninterest Income | $94,791 | $87,851 | | Total Noninterest Expense | $205,059 | $207,722 | | Net Income | $119,504 | $108,612 | | Diluted EPS | $1.38 | $1.24 | - Comprehensive income was **$210.6 million** for Q1 2025, a significant increase from **$76.2 million** in Q1 2024, primarily driven by a **$91.1 million** positive change in other comprehensive income, net of tax, compared to a **$32.4 million** loss in the prior-year period[17](index=17&type=chunk) - Cash flow from operating activities was **$104.2 million**, a decrease from **$166.7 million** in Q1 2024. Net cash from investing activities was **$291.2 million**, while financing activities used **$460.0 million**, largely due to a net decrease in deposits and common stock repurchases[23](index=23&type=chunk) [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes provide detailed insights into accounting policies, securities portfolio, loan quality, derivative usage, share repurchases, and regulatory assessments - The company's securities portfolio is primarily investment grade. As of March 31, 2025, securities available for sale (AFS) had a fair value of **$5.33 billion** with gross unrealized losses of **$524.7 million**. Securities held to maturity (HTM) had an amortized cost of **$2.36 billion** with gross unrealized losses of **$166.1 million**. No allowance for credit loss was recorded for securities as losses were deemed non-credit related[32](index=32&type=chunk)[33](index=33&type=chunk)[44](index=44&type=chunk) Allowance for Credit Losses (ACL) Activity - Q1 2025 (in thousands) | ACL Component | Beginning Balance (Dec 31, 2024, in thousands) | Provision (in thousands) | Net Charge-offs (in thousands) | Ending Balance (Mar 31, 2025, in thousands) | | :--- | :--- | :--- | :--- | :--- | | Allowance for Loan Losses | $318,882 | $9,484 | ($10,247) | $318,119 | | Reserve for Unfunded Commitments | $24,053 | $978 | N/A | $25,031 | | **Total ACL** | **$342,935** | **$10,462** | **($10,247)** | **$343,150** | - Nonaccrual loans increased to **$104.2 million** at March 31, 2025, from **$97.3 million** at December 31, 2024. Total reportable modified loans to borrowers experiencing financial difficulty (MEFDs) were **$95.6 million**[63](index=63&type=chunk) - The company uses various derivative instruments for hedging and customer purposes, with a total notional amount of **$7.27 billion** at March 31, 2025. This includes **$1.5 billion** in cash flow hedges and **$477.5 million** in fair value hedges[86](index=86&type=chunk) - The company repurchased **350,000 shares** of its common stock at an average cost of **$59.28 per share** during Q1 2025 under a new buyback program authorized for up to **4.3 million shares** through December 2026[110](index=110&type=chunk) - To date, the company has expensed **$29.7 million** related to the FDIC special assessment to recover losses from the 2023 bank failures. The final exposure remains unknown until the FDIC terminates the receiverships[140](index=140&type=chunk)[141](index=141&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2025 performance, highlighting net income, expanded net interest margin, stable credit quality, improved capital ratios, and updated full-year guidance - The economic outlook is influenced by the new administration's tariff policies, creating cost pressures and uncertainty. The March 2025 Moody's baseline forecast assumes modest GDP growth and **two 25 bp rate cuts** in late 2025. Management has weighted the more pessimistic S-2 mild recession scenario at **60%** for its ACL calculation[184](index=184&type=chunk)[187](index=187&type=chunk)[189](index=189&type=chunk) Q1 2025 Key Performance Metrics | Metric | Q1 2025 | Q4 2024 | Change | | :--- | :--- | :--- | :--- | | Net Income (millions) | $119.5 | $122.1 | ($2.6) | | Diluted EPS | $1.38 | $1.40 | ($0.02) | | Net Interest Margin (te) | 3.43% | 3.41% | +2 bps | | ACL / Total Loans | 1.49% | 1.47% | +2 bps | | CET1 Ratio | 14.48% | 14.14% | +34 bps | | Efficiency Ratio (non-GAAP) | 55.22% | 54.46% | +76 bps | - Full-year 2025 guidance was updated: Net interest income (te) is expected to be **up 3% to 4%** compared to 2024. Noninterest income is expected to be **up 9% to 10%**, including the impact of the Sabal Trust Company acquisition. Adjusted noninterest expense is expected to be **up 4% to 5%**[203](index=203&type=chunk)[224](index=224&type=chunk)[237](index=237&type=chunk) [Results of Operations](index=58&type=section&id=Results%20of%20Operations) Q1 2025 results show stable net interest income, a lower provision for credit losses, growth in noninterest income, and a slight increase in noninterest expense - Net interest margin (NIM) increased to **3.43%** in Q1 2025, **up 2 bps** from Q4 2024 and **11 bps** from Q1 2024. The improvement was driven by lower deposit costs and a more favorable funding mix, which offset lower loan yields[201](index=201&type=chunk)[202](index=202&type=chunk) - The provision for credit losses was **$10.5 million**, a decrease from **$11.9 million** in Q4 2024. Annualized net charge-offs were **0.18%** of average loans, down from **0.20%** in the prior quarter[207](index=207&type=chunk)[208](index=208&type=chunk) - Noninterest income rose to **$94.8 million**, **up 4% QoQ**, with notable increases in secondary mortgage market operations (**+$0.9M**) and other miscellaneous income (**+$0.7M**)[210](index=210&type=chunk)[217](index=217&type=chunk)[222](index=222&type=chunk) - Noninterest expense increased to **$205.1 million**, **up 1% QoQ**. The increase was driven by a **$2.6 million** swing in ORE expense (from gain to loss) and a **$1.2 million** increase in deposit insurance fees, partially offset by lower personnel-related costs[225](index=225&type=chunk)[227](index=227&type=chunk) [Balance Sheet Analysis](index=72&type=section&id=Balance%20Sheet%20Analysis) Balance sheet analysis reveals a decrease in total loans and deposits, an increase in the securities portfolio, and stable noninterest-bearing deposits - Total loans **decreased by 1% QoQ** to **$23.1 billion**. The decline was led by a **$251.0 million (2%)** drop in Commercial & Industrial loans due to increased payoffs. Management forecasts low single-digit loan growth for the full year 2025[268](index=268&type=chunk)[271](index=271&type=chunk)[276](index=276&type=chunk) - Total deposits **decreased by 1% QoQ** to **$29.2 billion**. The decline was driven by a **$208.2 million** decrease in interest-bearing public funds and a **$192.1 million** decrease in retail time deposits. Management expects low single-digit deposit growth for the full year 2025[293](index=293&type=chunk)[295](index=295&type=chunk)[299](index=299&type=chunk) - The securities portfolio **increased by $97.8 million** to **$7.7 billion**, primarily due to a **$102.1 million** favorable fair value adjustment on the AFS portfolio. The portfolio's effective duration is **4.04 years**[264](index=264&type=chunk)[265](index=265&type=chunk) [Allowance for Credit Losses and Asset Quality](index=75&type=section&id=Allowance%20for%20Credit%20Losses%20and%20Asset%20Quality) The ACL ratio slightly increased, while criticized commercial loans decreased and nonaccrual loans remained low, indicating stable asset quality - The ACL to total loans ratio **increased slightly to 1.49%** from **1.47%** at year-end 2024, reflecting continued caution given the economic outlook[277](index=277&type=chunk)[280](index=280&type=chunk) - Criticized commercial loans **fell by 5% QoQ** to **$594.1 million**, representing **3.35%** of the commercial portfolio, down from **3.47%**[281](index=281&type=chunk) - Nonaccrual loans plus ORE and foreclosed assets increased to **$130.9 million** from **$125.1 million** in the prior quarter. The ratio of nonaccrual loans to total loans remains low at **0.45%**[287](index=287&type=chunk) [Liquidity and Capital Resources](index=68&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains robust liquidity and capital, with strong regulatory ratios, increased dividends, and ongoing share repurchases Available Liquidity as of March 31, 2025 (in billions) | Source | Net Availability (in billions) | | :--- | :--- | | Free securities | $4.5 | | Federal Home Loan Bank | $5.2 | | Federal Reserve Bank | $3.4 | | Brokered deposits | $4.4 | | Other | $1.2 | | Cash and equivalents | $1.4 | | **Total Liquidity** | **$20.0** | Key Capital Ratios | Ratio | March 31, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | CET1 Ratio | 14.48% | 14.14% | | Tier 1 Leverage Ratio | 11.55% | 11.29% | | Tangible Common Equity (TCE) Ratio | 10.01% | 9.47% | - The board of directors **increased the quarterly common stock dividend by 13%** to **$0.45 per share**[260](index=260&type=chunk) - During Q1 2025, the company repurchased **350,000 shares** at an average price of **$59.28 per share** under its new **4.3 million share** repurchase authorization[261](index=261&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=61&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risk is interest rate sensitivity, with NII and EVE impacted by rate changes, mitigated through various management strategies Net Interest Income (NII) Sensitivity at March 31, 2025 | Rate Change (bps) | Estimated Change in Year 1 NII | Estimated Change in Year 2 NII | | :--- | :--- | :--- | | -200 | -4.64% | -10.19% | | -100 | -2.15% | -4.81% | | +100 | 2.02% | 4.35% | | +200 | 3.88% | 8.40% | Economic Value of Equity (EVE) Sensitivity at March 31, 2025 | Rate Change (bps) | Estimated Change in EVE | | :--- | :--- | | -100 | 2.00% | | +100 | -2.57% | | +200 | -5.41% | [Controls and Procedures](index=63&type=section&id=Item%204.%20Controls%20and%20Procedures) Management confirmed the effectiveness of disclosure controls and procedures, with no material changes to internal controls over financial reporting - The CEO and CFO concluded that as of March 31, 2025, the company's disclosure controls and procedures were **effective**[322](index=322&type=chunk) - No changes in internal control over financial reporting occurred during the first quarter of 2025 that have materially affected, or are reasonably likely to materially affect, internal controls[323](index=323&type=chunk) Part II. Other Information This section covers legal proceedings, risk factors, equity sales, other disclosures, and exhibits [Legal Proceedings](index=64&type=section&id=ITEM%201.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings, with no expected material adverse effects on financial position or liquidity - The company is party to various legal proceedings arising in the ordinary course of business, but management does not believe any loss contingencies will have a **material adverse effect** on the company's financial position or liquidity[326](index=326&type=chunk) [Risk Factors](index=64&type=section&id=ITEM%201A.%20Risk%20Factors) No material changes occurred to the risk factors previously disclosed in the company's 2024 Form 10-K - There were **no material changes** during the period to the risk factors previously disclosed in the 2024 Form 10-K[328](index=328&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=64&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased 350,000 shares under its board-approved stock buyback program during Q1 2025 Common Share Repurchases - Q1 2025 | Period | Total Shares Purchased | Average Price Paid per Share | Shares Purchased Under Program | Remaining Authorization | | :--- | :--- | :--- | :--- | :--- | | Jan 2025 | 345 | $55.14 | 0 | 4,306,000 | | Feb 2025 | 456,278 | $59.39 | 350,000 | 3,956,000 | | Mar 2025 | 26 | $57.13 | 0 | 3,956,000 | | **Total Q1** | **456,649** | **$59.38** | **350,000** | **3,956,000** | [Other Information](index=64&type=section&id=ITEM%205.%20Other%20Information) No directors or executive officers adopted, terminated, or modified trading arrangements during Q1 2025 - No directors or executive officers adopted, terminated, or modified a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement during Q1 2025[333](index=333&type=chunk) [Exhibits](index=65&type=section&id=ITEM%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including certifications and Inline XBRL data

Group 1 - Hancock Whitney (NASDAQ: HWC) has experienced mixed fortunes over the past five months, with improvements in its bottom line [1] - The company focuses on a long-term, buy-and-hold investment strategy, particularly in stocks that can sustainably generate high-quality earnings [1] - The bank is primarily involved in the dividend and income investment sector [1] Group 2 - The article reflects the author's personal opinions and does not involve any compensation from companies mentioned [2] - There is a beneficial long position in HWC shares, indicating confidence in the company's future performance [2]

Core Viewpoint - Hancock Whitney (HWC) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that rising earnings estimates can lead to increased stock prices [4][6]. - Hancock Whitney is projected to earn $5.46 per share for the fiscal year ending December 2025, reflecting a year-over-year increase of 2.6% [8]. Analyst Sentiment and Market Position - Analysts have raised their earnings estimates for Hancock Whitney, with the Zacks Consensus Estimate increasing by 4.1% over the past three months [8]. - The upgrade to Zacks Rank 2 places Hancock Whitney in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].

Core Insights - Hancock Whitney (NASDAQ: HWC) shares have increased by 14% over the past year but have experienced a decline of approximately 20% from their recent highs due to market sell-off [1] Group 1: Company Performance - HWC reported solid earnings for Q1, indicating strong financial performance despite recent market challenges [1] Group 2: Market Context - The company has a history of making contrarian bets based on macro views and stock-specific turnaround stories, aiming for outsized returns with a favorable risk/reward profile [1]

Core Insights - Hancock Whitney (HWC) reported revenue of $364.7 million for Q1 2025, a 3% year-over-year increase, with EPS of $1.38 compared to $1.28 a year ago, indicating a positive trend in earnings performance [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $364.77 million, resulting in a revenue surprise of -0.02%, while the EPS exceeded expectations by 7.81% [1] Financial Performance Metrics - Net interest margin (TE) was reported at 3.4%, matching the average estimate from four analysts [4] - The efficiency ratio was 55.2%, better than the average estimate of 56.5% from four analysts [4] - Total net charge-offs as a percentage of average loans stood at 0.2%, aligning with the estimate from three analysts [4] - Average balance of total interest-earning assets was $32.02 billion, slightly below the estimate of $32.32 billion [4] - Total nonperforming loans were reported at $104.21 million, better than the estimate of $105.41 million [4] - Total nonperforming assets amounted to $130.90 million, lower than the average estimate of $138.12 million [4] - Total noninterest income was $94.79 million, exceeding the average estimate of $92.10 million [4] - Net interest income (TE) was $272.71 million, slightly below the average estimate of $276.21 million [4] - Net interest income was reported at $269.91 million, compared to the average estimate of $272.82 million [4] - Secondary mortgage market operations generated $3.47 million, surpassing the estimate of $3.25 million [4] - Bank card and ATM fees totaled $20.71 million, slightly below the average estimate of $20.92 million [4] - Investment and annuity fees and insurance commissions were reported at $11.42 million, lower than the estimate of $12.39 million [4] Stock Performance - Shares of Hancock Whitney have returned -7.3% over the past month, compared to a -3.9% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

What's Next for Hancock Whitney? Hancock Whitney, which belongs to the Zacks Banks - Southeast industry, posted revenues of $364.7 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.02%. This compares to year-ago revenues of $354.02 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly de ...

First Quarter 2025 Earnings Conference Call 4/15/2025 HANCOCK WHITNEY Important cautionary statement about forward-looking statements This presentation contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provisi ...

Financial Performance - Net income for Q1 2025 was $119.5 million, or $1.38 per diluted share, compared to $122.1 million, or $1.40 per diluted share in Q4 2024[1] - Net income for the three months ended March 31, 2025, was $119,504,000, compared to $122,074,000 for the previous quarter, reflecting a decrease of 1.3%[31] - Earnings per share (diluted) for the quarter was $1.38, compared to $1.40 in the previous quarter, a decline of 1.4%[31] - Pre-provision net revenue was reported at $159.6 million, a decrease from $162.4 million in the previous quarter, indicating a slight decline in profitability[50] - Total revenue (TE) for the quarter was $367.5 million, consistent with $367.5 million in the previous quarter, showing stable revenue generation[51] Asset and Loan Management - Total loans decreased by $201.3 million, or 1%, to $23.1 billion, driven by increased payoffs in large healthcare and commercial non-real estate credits[5] - Loans outstanding as of March 31, 2025, were $23,098,146,000, down from $23,299,447,000, a decrease of 0.9%[31] - Total loans decreased to $23,098,146,000 from $23,299,447,000, representing a decline of 0.86%[38] - Total average loans decreased slightly to $23.07 billion from $23.25 billion in the previous quarter, indicating a contraction in loan volume[47] Deposit Trends - Total deposits were $29.2 billion, down $298.1 million, or 1%, primarily due to a decrease in retail time deposits[6] - Total deposits decreased to $29,194,733,000 from $29,492,851,000, representing a decline of 1.0%[31] - Total deposits decreased to $28,752,416, down 1.22% from $29,108,381 in the previous quarter[40] Credit Quality and Allowance for Losses - The allowance for credit losses (ACL) was $343.2 million, with a coverage ratio of 1.49% of period-end loans, up from 1.47% at the end of Q4 2024[9] - The provision for credit losses was $10,462,000, down from $11,912,000, a decrease of 12.1%[31] - The provision for credit losses was $10.5 million, down from $11.9 million in the previous quarter, suggesting a more favorable outlook on credit risk[50] - Nonaccrual loans increased to $104.2 million as of March 31, 2025, up from $97.3 million at December 31, 2024, representing a 4.5% increase[47] - Net charge-offs for the quarter were $10.2 million, a decrease from $11.7 million in the prior quarter, reflecting improved credit quality[47] Capital and Equity - Common stockholders' equity increased to $4.3 billion, up $151.0 million, or 4%, from December 31, 2024[19] - The CET1 ratio was estimated at 14.51%, up 37 basis points linked-quarter, while the total risk-based capital ratio was 16.39%[19] - Common equity tier 1 (CET1) ratio improved to 14.51% from 14.14% in the previous quarter, indicating stronger capital position[38] - The tangible common equity ratio increased to 10.01% from 9.47%, reflecting a stronger capital position[31] Noninterest Income and Expenses - Noninterest income totaled $94.8 million, an increase of $3.6 million, or 4%, from the previous quarter[13] - Noninterest income increased to $94,791,000 from $91,209,000, marking a growth of 4.3%[31] - Total noninterest expense was $205,059,000, slightly up from $202,333,000 in the prior quarter, an increase of 0.85%[36] - Noninterest expense was $205.1 million, up $2.7 million, or 1%, linked-quarter[15] Efficiency and Profitability Ratios - Return on assets (ROA) was 1.41%, and net interest margin (NIM) increased to 3.43%, up 2 basis points from the prior quarter[3] - The efficiency ratio improved to 55.22% from 54.46%, indicating better cost management[31] - The efficiency ratio improved to 55.22%, compared to 54.46% in the prior quarter, indicating better cost management[51] Shareholder Actions - The company repurchased 350,000 shares at an average price of $59.25 per share as part of its share buyback program[19]

Financial Data and Key Metrics Changes - The company reported a net income of $120 million or $1.38 per share, down from $122 million or $1.40 per share in the previous quarter, but up 10% year-over-year [17] - The return on assets (ROA) was 1.41%, and the net interest margin (NIM) expanded by two basis points to 3.43% [8][18] - Total risk-based capital ended the quarter at 16.39%, with a common equity tier one ratio of 14.51% and a tangible common equity ratio of 10.01% [8][13] Business Line Data and Key Metrics Changes - Fee income is expected to increase by 9% to 10% year-over-year, driven by strong performance across most categories [10][25] - Loans decreased by $201 million due to higher payoffs in large healthcare and commercial non-real estate loans, with expectations for low single-digit loan growth in 2025 [10][11] - Deposits were down $298 million, primarily due to seasonal public fund outflows, but the DDA balance increased [12][21] Market Data and Key Metrics Changes - The company experienced a decrease in interest-bearing transaction accounts due to reduced promotional rates, while the DDA mix remained stable at 36% [12][21] - The overall cost of funds decreased by 14 basis points to 1.59%, with a reduction in deposit costs contributing to this decline [19][20] Company Strategy and Development Direction - The company plans to pivot to growth through both organic and inorganic means, including the acquisition of Sable Trust Company, expected to close on May 2nd [14][15] - The focus remains on granular, full-relationship loans to achieve favorable loan yields and relationship revenue [11] - The company is optimistic about growth prospects in the second half of the year despite current market volatility [15] Management's Comments on Operating Environment and Future Outlook - Management noted that client sentiment reflects some apprehension, but there is no immediate fear of a significant recession [46][47] - The company is closely monitoring macroeconomic trends and believes it is well-positioned to navigate challenges due to strong capital and liquidity [16][15] - Future guidance reflects expectations for modest NIM expansion and NII growth of 3% to 4% in 2025 [24] Other Important Information - The company repurchased 350,000 shares of common stock and increased its common stock dividend to 45 cents per share, a 50% increase from the previous year [13] - The criticized commercial loans decreased, while non-accrual loans increased at a slower pace than in the prior quarter [26] Q&A Session Summary Question: Why not increase the buyback given the capital accretion and slower loan growth outlook? - Management indicated that they are indeed increasing buybacks and are focused on maintaining or slightly increasing the current level of repurchases [34][36][38] Question: What are the current efforts to assess credit impacts from tariffs? - Management is evaluating various sectors that could be impacted and preparing plans for potential risks [40][41][44] Question: How much of the increase in the PPNR guide is related to Sable versus core performance? - The increase in the PPNR guide is attributed to both the expected contributions from Sable and continued growth in fee income lines [48][50] Question: Update on hiring process and its impact on growth outlook? - The company has added four bankers in Q1 and plans to hire 20 to 30 throughout the year, with a focus on high-growth markets [57][59][61] Question: Thoughts on M&A versus organic growth? - Currently, the focus is on returning capital to shareholders and organic growth, with M&A being considered for the future [69][70] Question: Expected CD maturities and rate benefits? - The company expects about $5.5 billion of CD maturities over the next three quarters, with a projected repricing benefit [124][125] Question: Loan growth expectations and pipeline comfort? - The company anticipates loan growth to be driven by new hires, with a strong pipeline expected for the second half of the year [132][136]

Core Insights - Hancock Whitney (HWC) is expected to report quarterly earnings of $1.28 per share, unchanged from the previous year, with revenues projected at $364.77 million, reflecting a 3% year-over-year increase [1] Earnings Estimates - The consensus EPS estimate has not changed over the past 30 days, indicating analysts have not revised their projections [2] - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3] Key Financial Metrics - Analysts forecast a 'Net interest margin (TE)' of 3.4%, up from 3.3% a year ago [5] - The 'Efficiency Ratio' is estimated at 56.5%, slightly higher than the previous year's 56.4% [5] - The 'Average Balance - Total interest earning assets' is projected at $32.32 billion, down from $32.56 billion year-over-year [5] Nonperforming Loans and Assets - 'Total nonperforming loans' are expected to reach $105.41 million, compared to $82.08 million last year [6] - 'Total nonperforming assets' are projected at $138.12 million, up from $84.88 million in the same quarter last year [6] Income Estimates - 'Total Noninterest Income' is expected to be $92.10 million, compared to $87.85 million a year ago [7] - 'Net interest income (TE)' is projected at $276.21 million, up from $269 million in the same quarter last year [7] - The consensus for 'Net Interest Income' stands at $272.82 million, compared to $266.17 million last year [7] Fee Income Estimates - 'Bank card and ATM fees' are estimated at $20.92 million, up from $20.62 million last year [8] - 'Investment and annuity fees and insurance commissions' are projected at $12.39 million, compared to $11.84 million a year ago [8] - 'Other income' is expected to be $13.90 million, up from $13.18 million last year [8] Service Charges - 'Service charges on deposit accounts' are projected to reach $23.28 million, compared to $22.24 million in the same quarter last year [9] Stock Performance - Over the past month, HWC shares have returned -0.7%, while the Zacks S&P 500 composite has changed by -5.3% [10] - HWC currently holds a Zacks Rank 3 (Hold), indicating its performance may align with the overall market in the near future [10]