Hancock Whitney (HWC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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]