NEW YORK - Hancock Whitney Corporation (NASDAQ: HWC ) reported fourth quarter earnings that beat analyst estimates, but shares fell 2.4% in after-hours trading Tuesday.

The regional bank posted earnings per share of $1.40 for Q4, surpassing the consensus estimate of $1.28. Revenue came in at $367.5 million, also topping expectations of $365.13 million.

Net income for the quarter totaled $122.1 million, up from $115.6 million in Q3 and $50.6 million in Q4 2023. The year-ago quarter included $75.4 million in supplemental disclosure items.

"Our team delivered an impressive ROA of 1.40%, additional NIM expansion, and an efficiency ratio of 54.46%," said John M. Hairston, President & CEO.

The bank expects period-end loan balances to be up mid-single digits from year-end 2024, while deposits are forecast to grow low-single digits.

The net interest margin expanded to 3.41% in Q4, up 2 basis points from Q3. Total (EPA: TTEF ) loans decreased $156.1 million or 3% annualized in the quarter, while deposits increased $509.9 million or 7% annualized.

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