NASDAQ$HWC

Hancock Whitney Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported EPS of $1.21, which included a modest reserve release and the impact from recent stimulus programs.

Hancock Whitney reported a net income of $107.2 million, or $1.21 per diluted common share (EPS) for the first quarter of 2021, compared to $103.6 million, or $1.17 per diluted common share, in the fourth quarter of 2020.

  • Net income of $107.2 million, or $1.21 per diluted share, up $3.6 million, or $0.04 per share
  • Pre-provision net revenue (PPNR) totaled $131.5 million, up $0.9 million
  • Negative provision for credit losses of $4.9 million; $23.2 million reserve release, $18.3 million in net charge-offs
  • Nonperforming loans declined 20% and criticized commercial loans declined 11%

Headline financials

Total Revenue

$322M

Previous: $316M+1.9%
EPS (adj)

$1.21

Previous: -$1.28+194.5%
Net Interest Margin (TE)

3.1%

No prior period
Efficiency ratio

58.1%

No prior period
Tangible common equity ratio

7.3%

No prior period
Common equity tier 1 (CET1) ratio

11.0%

No prior period
Capital Expenditures

-$4.27M

Previous: -$9.46M+54.9%
Free Cash Flow

$103M

Previous: -$168M+161.4%
Net Income

$107M

Previous: -$158M+167.8%
Operating Income

$242M

Previous: -$36.4M+764.9%
Gross Profit

$317M

Previous: $68.8M+360.5%
Cash & Equivalents

$2.34B

Previous: $876M+167.0%
Total Assets

$35.1B

Previous: $31.8B+10.4%
Stock-Based Comp

$5.52M

Previous: $5.58M-1.2%

Revenue & EPS history

Hancock Whitney · Revenue · Quarterly

$322M

Q1 2021+1.9%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Hancock Whitney · $34.5M total across 2 segments · Q2 2021

  • Other income
    $18.2M
  • Trust fees
    $16.3M

Forward guidance

Management expects core loans to remain stable in the second quarter of 2021, as opportunities for new organic growth remain low in light of the slow economic environment. Management expects continued NIM compression in the second quarter of 2021, however net interest income should remain relatively stable.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.7%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+4.1%

Avg return

30 days after

59%

41 / 69 earnings

Positive

+8.1%

Q2 2021

Best reaction

-8.4%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%-1.2%-1.5%
Q4 2025+2.4%-0.3%+5.3%
Q3 2025-6.3%-9.5%-6.2%
Q2 2025-2.2%-1.3%+3.3%
Q1 2025-0.3%-1.0%+16.6%
Q4 2024+1.0%-0.2%-1.7%
Q3 2024+0.5%-1.6%+12.0%
Q2 2024+6.7%+5.0%-3.2%
Q1 2024+0.1%+3.9%+12.5%
Q4 2023-2.2%+0.7%-2.3%
Q3 2023-1.9%-6.2%+14.4%
Q2 2023+5.0%-0.0%-2.7%
Q1 2023+1.0%-2.1%-4.1%
Q4 2022-6.8%-5.5%+0.0%
Q3 2022+4.9%+2.8%+4.8%
Q2 2022+7.7%+6.2%+18.6%
Q1 2022+4.5%-0.8%-3.9%
Q4 2021+0.4%-2.6%-1.9%
Q3 2021+7.4%+7.7%+8.0%
Q2 2021+8.1%+7.5%+9.1%
Q1 2021+2.8%+4.5%+12.8%
Q4 2020-6.2%-7.2%-5.7%
Q3 2020+6.8%+10.5%+30.8%
Q2 2020-7.9%-2.1%+10.2%
Q1 2020+5.8%-3.2%+10.6%
Q4 2019-0.9%-1.2%-8.3%
Q3 2019+0.1%+2.0%+8.8%
Q2 2019+3.1%+5.1%-9.4%
Q1 2019+0.5%-1.9%-5.7%
Q4 2018+7.8%+11.4%+12.4%
Q3 2018-1.9%-5.9%-10.2%
Q2 2018+4.8%+6.7%+6.8%
Q1 2018-7.9%-8.2%-0.8%
Q4 2017+4.3%+4.4%+0.7%
Q3 2017+0.3%+3.0%-1.4%
Q2 2017-6.6%-7.1%-13.7%
Q1 2017+1.1%+4.1%+5.1%
Q4 2016+0.6%+1.2%+6.2%
Q3 2016+5.0%+4.6%+24.9%
Q2 2016+4.6%+5.2%+11.5%
Q1 2016+5.5%
Q4 2015+5.3%
Q3 2015+2.3%
Q2 2015-1.5%
Q1 2015-3.7%
Q4 2014+2.9%
Q3 2014+1.6%
Q2 2014-0.5%
Q1 2014+2.0%
Q4 2013-3.5%
Q3 2013+0.5%
Q2 2013-1.5%
Q1 2013-8.4%
Q4 2012-5.4%
Q3 2012+3.0%
Q2 2012-0.5%
Q1 2012+1.7%
Q4 2011+0.9%
Q3 2011-2.9%
Q2 2011-0.5%
Q1 2010-1.3%
Q1 2011+1.9%
Q4 2009-0.8%
Q4 2010-0.8%
Q4 2008-0.8%
Q3 2010+4.7%
Q3 2009+4.7%
Q2 2009-1.4%
Q2 2010-1.4%

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