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Hancock Whitney (HWC) Q2 Earnings Beat on Fee Income Growth
HWCHancock Whitney (HWC) ZACKS·2024-07-17 16:21

Hancock Whitney Corp.'s (HWC) second-quarter 2024 earnings per share of 1.31beattheZacksConsensusEstimateof1.31 beat the Zacks Consensus Estimate of 1.19. However, the bottom line compared unfavorably with 1.35pershareregisteredintheyearagoquarter.Theresultswereaidedbyanincreaseinnoninterestincome.However,adeclineinnetinterestincome(NII)andhigherexpensesandprovisionsweretheunderminingfactors.Netincomewas1.35 per share registered in the yearago quarter. The results were aided by an increase in non-interest income. However, a decline in net interest income (NII) and higher expenses and provisions were the undermining factors. Net income was 114.6 million, down 2.7% year over year. Our estimate for the metric was $98.7 million. Revenues ...