Hancock Whitney Q2 EPS falls on sequential basis

Overview

• The financial holding company that operates Hancock Whitney Bank reports
  Q2 EPS of $1.32, down from $1.38 in Q1 2025

• Adjusted PPNR rose by $5.5 mln, compared to Q1 2025

• Co completed Sabal Trust acquisition, boosting trust fees

Outlook

• Company expects low-single digit loan growth in 2025 from December 31, 2024 levels.

• Company anticipates 2025 period-end deposit levels to be up low-single digits from December 31, 2024 levels.

• Hancock Whitney focuses on organic growth and profitability for 2025.

Result Drivers

• LOAN GROWTH - Driven by stronger demand and increased line utilization, loans rose by 6% linked quarter annualized (LQA)

• DEPOSIT DECLINE - Deposits fell 2% LQA due to maturity concentration and promotional rate reductions

• TRUST FEE INCREASE - Acquisition of Sabal Trust boosted trust fees by $3.6 million

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Hancock Whitney Corp is $65.00, about 7.3% above its July 14 closing price of $60.23

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw7p4qCva