Q1 2025 Hancock Whitney Corp Earnings Call Transcript
Key Points
- Hancock Whitney Corp (HWC) reported a strong start to 2025 with a 1.41% return on assets (ROA) and continued capital growth.
- The company achieved net income of $120 million or $1.38 per share, with earnings up 10% compared to the same quarter a year ago.
- Net interest margin (NIM) expanded by 2 basis points to 3.43%, driven by lower deposit costs and higher yields on the bond portfolio.
- Fee income grew across most categories, with expectations for a 9% to 10% increase year over year, partly due to the Sabal Trust transaction.
- Hancock Whitney Corp (HWC) continues to return capital to investors, repurchasing 350,000 shares and increasing the common stock dividend by 50% from last year.
- Loans were down $201 million due to higher payoffs on large healthcare and commercial non-real estate loans.
- Deposits decreased by $298 million, primarily driven by seasonal public funds outflows.
- The company lowered its loan growth guidance to low single digits for 2025, with most growth expected in the second half of the year.
- Net interest income (NII) was down due to two fewer accrual days and a lower level of average earning assets.
- The company faces uncertainty in the economic environment, which could impact future growth and performance.
Please stand by.
Good day, ladies and gentlemen, and welcome to Hancock Whitney Corporation's first-quarter 2025 earnings conference call. (Operator Instructions) As a reminder, this call may be recorded.
I would now like to introduce your host for today's conference, Katherine Mitch, investor relations manager. You may begin.
Thank you, and good afternoon. During today's call, we may make forward-looking statements. We would like to remind everyone to carefully review the Safe Harbor language that was published with the earnings release and presentation and in the company's most recent 10-K and 10-Q, including the risks and uncertainties identified therein.
You should keep in mind that any forward-looking statements made by Hancock Whitney speak only as of the date on which they were made. As everyone understands, the current economic environment is rapidly evolving and changing.
Hancock Whitney's ability to accurately project results or
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