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GULFPORT, Miss. - Hancock Whitney Corporation (NASDAQ:HWC) reported first quarter 2025 earnings that beat analyst expectations, while revenue came in slightly below estimates. The regional bank saw solid loan and deposit growth compared to the prior year, though both declined sequentially.
Hancock Whitney posted net income of $119.5 million, or $1.38 per diluted share, for Q1 2025. This exceeded the analyst consensus estimate of $1.29 per share. Revenue totaled $367.5 million, just shy of the $367.92 million analysts were expecting.
Compared to Q1 2024, net income increased 10% from $108.6 million, or $1.24 per share. Revenue rose 3.8% year-over-year from $354 million.
"The first quarter of 2025 was a very strong start to the year," said John M. Hairston, President & CEO. "Our team delivered yet another quarter of solid profitability and capital growth."
Total (EPA:TTEF) loans decreased 1% sequentially to $23.1 billion at quarter-end, while deposits fell 1% to $29.2 billion. However, both loans and deposits were up low single digits compared to the prior year.
Net interest margin expanded 2 basis points from Q4 to 3.43%. The bank’s efficiency ratio was 55.22%, up slightly from 54.46% in Q4.
Hancock Whitney’s capital position strengthened, with its CET1 ratio rising 37 basis points to an estimated 14.51%. The company repurchased 350,000 shares during the quarter at an average price of $59.25.
Looking ahead, management expects 2025 period-end loan and deposit balances to be up low-single digits from year-end 2024 levels.
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