trending Market Intelligence /marketintelligence/en/news-insights/trending/QP3BC3SDlvZdvatmPBSg3Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Hancock Whitney slashes target size for energy portfolio

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Hancock Whitney slashes target size for energy portfolio

Hancock Whitney Corp. is "back on track in resolving problem credits," CFO Michael Achary said, but the company is continuing to aggressively reduce exposure to energy loans.

"We don't really anticipate any sort of bounce-back and improvement in the sector," Chief Credit Officer Christopher Ziluca said on a call to discuss fourth-quarter earnings.

The Gulfport, Miss.-based company cut its energy portfolio from more than 12% of its total loans in late 2014 to 4.5% in the 2019 fourth quarter. The bank also disclosed that it has reduced its strategic target for the size of the portfolio from 5% to a range of 2% to 4%.

"We are doing no new energy work except with very core, full-relationship clients we know a lot about," President and CEO John Hairston said on the call. Broadly, the energy business does not fit with the bank's "desire to have less volatile earnings," he added.

Hancock Whitney's criticized commercial loans fell from 4.15% of total commercial loans in the 2019 third quarter to 3.62% in the 2019 fourth quarter, including a 7% linked-quarter decline in criticized energy loans to $260 million.

The bank posted no energy-related charge-offs in the 2019 fourth quarter, but Achary said it does "expect to see continued one-off type activity as we resolve our remaining problem loans from the energy cycle."