NASDAQ$HWC

Hancock Whitney Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported EPS of $1.55 for Q3 2022, reflecting one of the highest performing quarters in the company's history.

Hancock Whitney reported a strong third quarter in 2022, with net income totaling $135.4 million, or $1.55 per diluted common share. The company experienced significant loan growth, an increase in net interest margin, and maintained historically low asset quality metrics. The efficiency ratio improved, and CET1 capital remained strong.

  • Pre-provision net revenue (PPNR) totaled $174.7 million, up $27.8 million, or 19%, linked-quarter
  • Total loan growth of $739.5 million, or 14% LQA
  • ACL coverage remained strong at 1.50%
  • NIM increased 50 basis points (bps) to 3.54%

Headline financials

Total Revenue

$366M

Previous: $328M+11.5%
EPS (adj)

$1.55

Previous: $1.45+6.9%
Net Interest Margin (TE)

3.5%

Previous: 2.9%+20.4%
Efficiency ratio

51.6%

Previous: 57.4%-10.1%
Common equity tier 1 (CET1) ratio

11.1%

No prior period
Capital Expenditures

-$22.4M

Previous: -$12.4M-80.2%
Free Cash Flow

$113M

Previous: $117M-3.5%
Net Income

$135M

Previous: $130M+4.5%
Operating Income

$256M

Previous: $208M+22.8%
Gross Profit

$335M

Previous: $279M+20.0%
Cash & Equivalents

$261M

Previous: $3.06B-91.5%
Total Assets

$34.6B

Previous: $35.3B-2.1%
Stock-Based Comp

$6.13M

Previous: $5.62M+9.0%

Revenue & EPS history

Hancock Whitney · Revenue · Quarterly

$366M

Q3 2022+11.5%vs Q3 2021
Beat estimate in 3 of 15 quarters(20%)
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 total loan growth to be 8-9% at year-end 2022 compared to year-end 2021. Management expects 2022 period-end deposit levels to be down 3-4% compared to year-end 2021, including fourth quarter of 2022 seasonal year-end deposit growth.

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 Q3 2022

Historical avgQ3 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

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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