- Hancock Whitney press release ( NASDAQ: HWC ): Q4 GAAP EPS of $1.65 in-line.
- Revenue of $372.57M (+16.8% Y/Y) misses by $15.9M .
- Pre-provision net revenue totaled $185.0 million, up $10.3 million, or 6%, linked-quarter
- Total loan growth of $528.5 million, or 9% LQA, exceeded expectations
- Criticized commercial loans, down slightly, linked quarter; nonperforming loans, also decreased slightly and both remain at historical low levels
- ACL coverage remained strong at 1.48%
- Deposits increased $119.1 million, or 2% LQA
- NIM increased 14 basis points (bps) to 3.68%
- CET1 ratio estimated at 11.37%, up 27 bps; TCE ratio 7.09%, up 36 bps
- Efficiency ratio improved to 49.81%
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Hancock Whitney GAAP EPS of $1.65 in-line, revenue of $372.57M misses by $15.9M