Hancock Whitney Q2 Profit Jumps on Loan Growth, NII Expansion
HWC sits 42% above its 52-week low of $54.05.
Summary
Hancock Whitney delivered Q2 EPS of $1.55, rebounding sharply from a Q1 loss driven by a $98.6M securities restructuring charge. Net interest income rose to $293M, fueled by 2% sequential loan growth in commercial and healthcare lending. Deposits also grew 2%, with a favorable shift toward interest-bearing transaction accounts. The bank repurchased 713K shares during the quarter, signaling confidence in its capital position. This follows the recent regulatory approval for the One Florida Bank acquisition, which is expected to close soon and expand the Florida footprint. With shares trading near a 52-week high and a CET1 ratio of 13.18%, the results reinforce a strong credit and growth trajectory.
At the time of this announcement, HWC was trading at $76.64 on NASDAQ in the Finance sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $54.05 to $79.36. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.