NASDAQ$HWC

Hancock Whitney Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Hancock Whitney's Q3 2024 earnings were reported, reflecting continued strength and stability with improved profitability, NIM expansion, and managed credit metrics.

Hancock Whitney reported a net income of $115.6 million, or $1.33 per diluted common share, for the third quarter of 2024, compared to $114.6 million in the prior quarter. The results reflect improved profitability driven by NIM expansion, fee income growth, and lower operating expenses. Credit metrics showed normalization with an increase in criticized commercial loans, while non-accrual loans decreased and capital ratios remained strong.

  • Net income totaled $115.6 million, slightly up from $114.6 million in the prior quarter.
  • Pre-provision net revenue (PPNR) increased to $166.5 million from $156.4 million in the previous quarter.
  • Loans decreased by $456 million, or 8% linked quarter annualized (LQA).
  • Deposits decreased by $218 million, or 3% LQA.

Headline financials

Total Revenue

$368M

Previous: $355M+3.5%
EPS

$1.33

Previous: $1.12+18.7%
Net Interest Margin (TE)

3.4%

Previous: 3.3%+3.7%
Efficiency ratio

54.4%

Previous: 56.4%-3.5%
Tangible common equity ratio

9.6%

Previous: 7.3%+30.2%
Common equity tier 1 (CET1) ratio

13.8%

Previous: 12.0%+14.5%
Capital Expenditures

-$7.5M

Previous: -$24.6M+69.5%
Free Cash Flow

$108M

Previous: $73.2M+47.7%
Net Income

$116M

Previous: $97.7M+18.2%
Operating Income

$128M

Previous: $105M+22.6%
Gross Profit

$349M

Previous: $313M+11.5%
Cash & Equivalents

$795M

Previous: $817M-2.8%
Total Assets

$35.2B

Previous: $36.3B-2.9%
Stock-Based Comp

$5.35M

Previous: $6.48M-17.4%

Revenue & EPS history

Hancock Whitney · Revenue · Quarterly

$368M

Q3 2024+3.5%vs Q3 2023
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 2024 period-end loan and deposit balances to be flat to down slightly from year-end 2023.

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 2024

Historical avgQ3 2024

+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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