Hancock Holding reports Q4 EPS with items 64c, consensus 83c
The fourth quarter of 2017 includes an estimated $19.5M, 22c per share impact, tax reform related re-measurement charge of the net deferred tax asset, while the third quarter of 2017 included $11.4 million of nonoperating items, 8c per share, mainly related to the two previously disclosed FNBC transactions. There were no nonoperating items in the fourth quarter of 2016.Net interest income for the fourth quarter of 2017 was $217M, up $5.5M from the third quarter of 2017. The increase reflects both a change in the mix of earning assets and growth in earning assets, an increase in the loan yield of 7 bps and a 2 bp increase in the yield on the securities portfolio. These improvements were partially offset by a 2 bp increase in the cost of funds related to higher rates paid on time deposits and public fund deposits.