Hancock Whitney Corporation (HWC) Reports Q1 Loss of $1.28/sh

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Go back to Hancock Whitney Corporation (HWC) Reports Q1 Loss of $1.28/sh

Hancock Whitney reports first quarter 2020 results

April 28, 2020 4:30 PM EDT

GULFPORT, Miss., April 28, 2020 (GLOBE NEWSWIRE) -- Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the first quarter of 2020, a loss of $111.0 million, or ($1.28) per diluted common share (EPS), driven by a reserve build in response to deterioration in the macroeconomic environment from COVID-19 and lower oil prices.

Includes $246.8 million, or $2.24 per share provision for credit losses related to COVID-19 and declining oil pricesIncludes $9.8 million, or $.11 per share related to write-offs of equity interests in two energy companies which... More