Hancock Holding (HBHC) Reports Q4 EPS of $0.64

Hancock Holding (NASDAQ: HBHC) reported Q4 EPS of $0.64. Revenue for the quarter came in at $0 , versus $0 reported last year.

Highlights of the company’s fourth quarter 2017 results (compared to third quarter 2017):

• Reported earnings decreased $3.5 million, or 6%; excluding the impact of the DTA re-measurement charge and nonoperating items, earnings increased $8.7 million, or 13%
• The fourth quarter includes an estimated $19.5 million charge related to the re-measurement of the net deferred tax asset
• Loans increased $218 million, or 5% linked-quarter annualized; net increase includes a decline in energy loans of $78 million linked-quarter
• Energy loans totaled $1.1 billion at year-end and comprised 5.6% of total loans, down from 6.0%; allowance for the energy portfolio totaled $70.2 million, or 6.7% of energy loans
• Core pre-provision net revenue (PPNR) of $116.5 million, up $5.4 million, or 5%; up 34% from the same quarter a year ago
• Net interest margin (NIM) of 3.48%, up 4 bps; core NIM up 3 bps to 3.35%
• Operating expenses totaled $168.1 million, up 1% linked-quarter
• Efficiency ratio improved almost 100 bps to 56.6%
• Return on average assets (ROA) declined 6 bps to 0.82%; excluding nonoperating items and the DTA charge, ROA increased 11 bps to 1.10%
• Tangible common equity (TCE) ratio decreased 7 bps to 7.73% mainly related to the DTA re-measurement charge

For earnings history and earnings-related data on Hancock Holding (HBHC) click here.

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