GULFPORT, Miss. (AP) — GULFPORT, Miss. (AP) — Hancock Whitney Corporation (HWC) on Tuesday reported fourth-quarter profit of $122.1 million.
The Gulfport, Mississippi-based bank said it had earnings of $1.40 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The holding company of Whitney Bank and Hancock Bank posted revenue of $505.5 million in the period. Its revenue net of interest expense was $364.8 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $361.3 million.
For the year, the company reported profit of $460.8 million, or $5.28 per share. Revenue was reported as $1.45 billion.
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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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