2023-07-18 16:05:29 ET
- Hancock Whitney press release ( NASDAQ: HWC ): Q2 GAAP EPS of $1.35 beats by $0.02 .
- Revenue of $357.13M (+7.8% Y/Y) misses by $6.32M .
- Pre-provision net revenue (PPNR) totaled $157.8 million, compared to $167.0 million at 1Q23
- Deposits increased $430.4 million, or 6% LQA
- Loan growth of $385.4 million, or 7% LQA
- Criticized commercial loans and nonaccrual loans remained at relatively low levels
- ACL coverage remained solid at 1.45%
- NIM 3.30%, compared to 3.55% in 1Q23
- CET1 ratio estimated at 11.83%, up 23 bps linked-quarter; TCE ratio 7.50%, up 34 bps linked-quarter
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Hancock Whitney GAAP EPS of $1.35 beats by $0.02, revenue of $357.13M misses by $6.32M