We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Hancock Whitney (HWC) Q2 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Hancock Whitney (HWC - Free Report) reported $359.6 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.7%. EPS of $1.31 for the same period compares to $1.35 a year ago.
The reported revenue represents a surprise of +1.03% over the Zacks Consensus Estimate of $355.94 million. With the consensus EPS estimate being $1.19, the EPS surprise was +10.08%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hancock Whitney performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 56.2% versus 57.8% estimated by six analysts on average.
Net interest margin (TE): 3.4% compared to the 3.3% average estimate based on six analysts.
Average Balance - Total interest earning assets: $32.54 billion versus the five-analyst average estimate of $32.62 billion.
Total net charge-offs as a percentage of average loans: 0.1% versus 0.2% estimated by four analysts on average.
Total nonperforming loans: $86.25 million versus $104.71 million estimated by two analysts on average.
Total nonperforming assets: $88.37 million versus $108.65 million estimated by two analysts on average.
Total Noninterest Income: $89.17 million versus the six-analyst average estimate of $87.62 million.
Net interest income (TE): $273.26 million versus the six-analyst average estimate of $271.46 million.
Net Interest Income: $270.43 million compared to the $268.49 million average estimate based on five analysts.
Secondary mortgage market operations: $3.55 million versus the three-analyst average estimate of $2.98 million.
Other income: $13.26 million versus $11.81 million estimated by three analysts on average.
Bank card and ATM fees: $21.83 million versus the three-analyst average estimate of $20.88 million.
Shares of Hancock Whitney have returned +14% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Hancock Whitney (HWC) Q2 Earnings: A Look at Key Metrics
Hancock Whitney (HWC - Free Report) reported $359.6 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.7%. EPS of $1.31 for the same period compares to $1.35 a year ago.
The reported revenue represents a surprise of +1.03% over the Zacks Consensus Estimate of $355.94 million. With the consensus EPS estimate being $1.19, the EPS surprise was +10.08%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hancock Whitney performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 56.2% versus 57.8% estimated by six analysts on average.
- Net interest margin (TE): 3.4% compared to the 3.3% average estimate based on six analysts.
- Average Balance - Total interest earning assets: $32.54 billion versus the five-analyst average estimate of $32.62 billion.
- Total net charge-offs as a percentage of average loans: 0.1% versus 0.2% estimated by four analysts on average.
- Total nonperforming loans: $86.25 million versus $104.71 million estimated by two analysts on average.
- Total nonperforming assets: $88.37 million versus $108.65 million estimated by two analysts on average.
- Total Noninterest Income: $89.17 million versus the six-analyst average estimate of $87.62 million.
- Net interest income (TE): $273.26 million versus the six-analyst average estimate of $271.46 million.
- Net Interest Income: $270.43 million compared to the $268.49 million average estimate based on five analysts.
- Secondary mortgage market operations: $3.55 million versus the three-analyst average estimate of $2.98 million.
- Other income: $13.26 million versus $11.81 million estimated by three analysts on average.
- Bank card and ATM fees: $21.83 million versus the three-analyst average estimate of $20.88 million.
View all Key Company Metrics for Hancock Whitney here>>>Shares of Hancock Whitney have returned +14% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.