NASDAQ$HWC
Hancock Whitney Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Hancock Whitney reported earnings for Q1 2022.
Hancock Whitney reported a solid first quarter in 2022, with core loan growth and stable deposits. The company's asset quality metrics remained strong, and the net interest margin widened slightly.
- Operating pre-provision net revenue (PPNR) totaled $134.5 million, up slightly, linked-quarter
- Core loan growth of $385.3 million, or 8% linked-quarter annualized (LQA), more than offset the impact of $196.2 million in PPP loan forgiveness, leading to an overall increase in total loans of $189.1 million
- Deposits increased $33.8 million, or less than 1% LQA, as the mix shifted from interest-bearing to noninterest-bearing
- Nonperforming loans and criticized commercial loans declined 24% and 2%, respectively linked-quarter
Headline financials
Revenue & EPS history
Hancock Whitney · Revenue · Quarterly
$312M
Revenue by segment
Hancock Whitney · $34.5M total across 2 segments · Q2 2021
- Other income$18.2M—52.8%
- Trust fees$16.3M—47.2%
Forward guidance
Management continues to expect core loans to grow by 6-8% in 2022, with quarterly results reflecting normal seasonality. Management expects 2022 period-end deposit levels to remain flat to slightly down compared to year-end 2021. Management expects the NIM to continue widening in 2022 due to expected future rate hikes. Management expects a continued decline in secondary mortgage fees as rates begin to rise leading to a slowdown in activity compared to 2020’s refinance “boom”.
Tailwinds
- Core loans to grow by 6-8% in 2022
- NIM to continue widening in 2022 due to expected future rate hikes
- Historically low levels of asset quality metrics
- Continued expense management
- Solid capital levels
Headwinds
- Ongoing challenges in today’s environment
- Normal seasonality in quarterly results
- Deposit levels to remain flat to slightly down compared to year-end 2021
- Continued decline in secondary mortgage fees as rates begin to rise leading to a slowdown in activity compared to 2020’s refinance “boom”
- Ever changing environment
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 2022
+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
| Quarter | Report date | Reaction (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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