Hancock Whitney reports Q1 EPS 91c, consensus 96c
"We were pleased with improvement in 2 key focus areas for the quarter - NIM and asset quality," said John M. Hairston, President and CEO. "We are relentlessly focused on returning these metrics to peer averages or better, and will work diligently to continue the progress towards achieving these goals, and our CSOs, despite recent headwinds from paydowns and the rate environment Total deposits at March 31 were $23.4B, up $230M, or 1%, from December 31. Average deposits for the first quarter of 2019 were $23.1B, up $616M, or 3%, linked-quarter.Net interest income for the first quarter of 2019 was $223.1M, up $1.6M from the fourth quarter of 2018. The net interest margin was 3.46% for the first quarter of 2019, up 7 bps from the fourth quarter of 2018. Drivers for both the net interest income and net interest margin improvements were a shift in the mix of earning assets coupled with the full quarter impact of the portfolio restructuring and the December 2018 rate hike.