GULFPORT, Miss. (AP) _ Hancock Whitney Corporation (HWC) on Tuesday reported third-quarter earnings of $67.8 million.
The bank, based in Gulfport, Mississippi, said it had earnings of 77 cents per share. Earnings, adjusted for non-recurring costs, were $1.03 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The holding company of Whitney Bank and Hancock Bank posted revenue of $366.4 million in the period. Its revenue net of interest expense was $306.2 million, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $308 million.
Hancock Whitney shares have risen 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $38.48, a decrease of 13% in the last 12 months.