Hancock Holding Company Reports Unaudited Earnings Results for the Fourth Quarter and Twelve Months Ended December 31, 2013; Reports Net Charge Offs Non Covered for the Fourth Quarter of 2013
January 24, 2014 at 03:30 am IST
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Hancock Holding Company reported unaudited earnings results for the fourth quarter and twelve months ended December 31, 2013. For the quarter, the company reported net interest income of USD 168.466 million compared to USD 182.800 million a year ago. Income before income taxes was USD 43.462 million compared to USD 58.825 million a year ago. Net income was USD 34.716 million compared to USD 46.959 million a year ago. Operating income was USD 45.773 million compared to USD 46.554 million a year ago. Diluted earnings per share was USD 0.41 compared to USD 0.54 a year ago. Diluted operating earnings per share was USD 0.55 compared to USD 0.54 a year ago. Book value per share was USD 29.49 compared to USD 28.91 a year ago. Tangible book value per share was USD 19.94 compared to USD 19.27 a year ago. Return on average assets was 0.74% compared to 0.99% a year ago. Return on average assets operating was 0.97% compared to 0.98% a year ago. Return on average common equity was 5.85% compared to 7.67% a year ago. Return on average common equity operating was 7.71% compared to 7.60% a year ago. Return on average tangible common equity was 8.79% compared to 11.58% a year ago. Return on average tangible common equity operating was 11.59% compared to 11.48% a year ago.
For the twelve months, the company reported net interest income of USD 691.141 million compared to USD 722.452 million a year ago. Income before income taxes was USD 215.866 million compared to USD 197.355 million a year ago. Net income was USD 163.356 million compared to USD 151.742 million a year ago. Operating income was USD 187.990 million compared to USD 183.965 million a year ago. Diluted earnings per share were USD 1.93 compared to USD 1.75 a year ago. Diluted operating earnings per share were USD 2.22 compared to USD 2.13 a year ago. Book value per share was USD 29.49 compared to USD 28.91 a year ago. Tangible book value per share was USD 19.94 compared to USD 19.27 a year ago. Return on average assets was 0.86% compared to 0.80% a year ago. Return on average assets operating was 0.99% compared to 0.97% a year ago. Return on average common equity was 6.84% compared to 6.32% a year ago. Return on average common equity operating was 7.88% compared to 7.66% a year ago. Return on average tangible common equity was 10.30% compared to 9.72% a year ago. Return on average tangible common equity operating was 11.85% compared to 11.78% a year ago.
The company reported total net charge offs non covered for the fourth quarter of 2013 of USD 5.216 million compared to USD 28.038 million a year ago.
Hancock Whitney Corporation is a financial services company. It provides financial services through its bank subsidiary, Hancock Whitney Bank (the Bank), a Mississippi state bank. The Bank offers a range of traditional and online banking services to commercial, small business and retail customers, providing a range of transaction and savings deposit products, treasury management services, secured and unsecured loan products (including revolving credit facilities), letters of credit and similar financial guarantees. The Banks primary lending focus is to provide commercial, consumer and real estate loans to consumers, small and middle market businesses, and corporate clients in the markets and sectors served by the Bank. The Banks investment portfolio primarily consists of United Sates agency debt securities, United Sates agency mortgage-related securities and obligations of states and municipalities classified as either available for sale or held to maturity.
Hancock Holding Company Reports Unaudited Earnings Results for the Fourth Quarter and Twelve Months Ended December 31, 2013; Reports Net Charge Offs Non Covered for the Fourth Quarter of 2013
HANCOCK WHITNEY CORPORATION 
