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Hancock Holding tops 1Q profit forecasts

GULFPORT, Miss. (AP) _ Hancock Holding Co. (HBHC) on Tuesday reported first-quarter earnings of $49 million.

The Gulfport, Mississippi-based bank said it had earnings of 57 cents per share. Earnings, adjusted for non-recurring costs, were 63 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The holding company of Whitney Bank and Hancock Bank posted revenue of $266 million in the period. Its adjusted revenue was $245.2 million, matching Street forecasts.

Hancock Holding shares have climbed roughly 3 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $44.25, a climb of 78 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HBHC at https://www.zacks.com/ap/HBHC

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Keywords: Hancock Holding, Earnings Report