GULFPORT, Miss. (AP) — GULFPORT, Miss. (AP) — Hancock Whitney Corporation (HWC) on Tuesday reported first-quarter earnings of $108.6 million.
The bank, based in Gulfport, Mississippi, said it had earnings of $1.24 per share. Earnings, adjusted for non-recurring costs, came to $1.28 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The holding company of Whitney Bank and Hancock Bank posted revenue of $509.5 million in the period. Its revenue net of interest expense was $354 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $353.2 million.
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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
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