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Hancock Whitney reports lower Q4'19 net income YOY

Gulfport, Miss.-based Hancock Whitney Corp. reported fourth-quarter 2019 net income of $92.1 million, or $1.03 per share, lower than its net income of $96.2 million, or $1.10 per share, in the year-ago period.

The S&P Global Market Intelligence consensus estimate for normalized EPS for the latest quarter was $1.03.

The latest quarter included $3.9 million, or impact of 3 cents per share, of final merger costs associated with Hancock Whitney's acquisition of MidSouth Bancorp Inc.

Total loans stood at $21.21 billion, compared with $21.04 billion in the linked quarter and $20.03 billion in the year-ago period.

Total deposits were $23.80 billion, compared with $24.20 billion in the preceding quarter and $23.15 billion in the year-ago period.

Net income for full year 2019 was $327.4 million, or $3.72 per share, compared with $323.8 million, or $3.72 per share, in the previous year. The third quarter of 2019 included $28.8 million, or a 26 cents-per-share impact, of merger costs associated with the MidSouth acquisition; the fourth quarter of 2018 included $1.9 million, or a 2 cents-per-share impact, of non-operating items.

The S&P Global Market Intelligence consensus estimate for normalized EPS for the year was $4.01.