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Hancock Whitney: 3Q Earnings Snapshot

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.


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