Hancock Whitney (HWC) reported $354.02 million in income for the quarter ended March 2024, representing a year-over-year decline of three.1%. EPS of $1.28 for a similar interval compares to $1.45 a 12 months in the past.
The reported income represents a shock of +0.25% over the Zacks Consensus Estimate of $353.15 million. With the consensus EPS estimate being $1.18, the EPS shock was +8.47%.
Whereas traders carefully watch year-over-year adjustments in headline numbers — income and earnings — and the way they evaluate to Wall Avenue expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders venture a inventory’s value efficiency extra precisely.
Right here is how Hancock Whitney carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Effectivity Ratio: 56.4% versus 57.2% estimated by six analysts on common.
- Internet curiosity margin (FTE): 3.3% versus 3.3% estimated by six analysts on common.
- Common Steadiness – Whole curiosity incomes property: $32.56 billion in comparison with the $33.11 billion common estimate based mostly on 5 analysts.
- Internet charge-offs to common loans: 0.2% versus 0.2% estimated by 4 analysts on common.
- Whole nonperforming loans: $82.08 million versus the two-analyst common estimate of $63.09 million.
- Whole nonperforming property: $84.88 million in comparison with the $67.97 million common estimate based mostly on two analysts.
- Tier 1 risk-based capital ratio: 12.7% in comparison with the 12.2% common estimate based mostly on two analysts.
- Whole Noninterest Earnings: $87.85 million versus $84.63 million estimated by six analysts on common.
- Internet curiosity earnings (FTE): $269 million versus $272.17 million estimated by six analysts on common.
- Internet Curiosity Earnings: $266.17 million in comparison with the $268.97 million common estimate based mostly on 5 analysts.
- Secondary mortgage market operations: $2.89 million versus $2.26 million estimated by three analysts on common.
- Financial institution card and ATM charges: $20.62 million in comparison with the $20.41 million common estimate based mostly on three analysts.
View all Key Company Metrics for Hancock Whitney here>>>
Shares of Hancock Whitney have returned +1.8% over the previous month versus the Zacks S&P 500 composite’s -0.9% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it might carry out in keeping with the broader market within the close to time period.
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