Hancock Whitney Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 19, 2023 at 01:31 am IST
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Hancock Whitney Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 273.91 million compared to USD 245.73 million a year ago. Net income was USD 117.79 million compared to USD 121.44 million a year ago. Basic earnings per share from continuing operations was USD 1.35 compared to USD 1.39 a year ago. Diluted earnings per share from continuing operations was USD 1.35 compared to USD 1.38 a year ago.
For the six months, net interest income was USD 558.91 million compared to USD 474.2 million a year ago. Net income was USD 244.26 million compared to USD 244.91 million a year ago. Basic earnings per share from continuing operations was USD 2.81 compared to USD 2.79 a year ago. Diluted earnings per share from continuing operations was USD 2.8 compared to USD 2.78 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.