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Bank holding companies

Hancock Holding Company Reports Strong Third Quarter Earnings

Strategic Insights

— 2 min read

Hancock Holding Company, the parent company of Hancock Bank in Gulfport, Miss., Hancock Bank of Louisiana in Baton Rouge, Louisiana, and First National Bank of Denham Springs, Denham Springs, Louisiana, announced impressive financial results for the third quarter of 1995. Net income for the quarter was $6.7 million, a slight increase from $6.3 million in the same period in 1994. The company's earnings per share were $0.75 in 1995 and $0.78 in 1994, with an average of 8.9 and 8.1 million shares outstanding, respectively. For the first nine months of the year, net income was $20.1 million, a significant growth from $17.2 million in the same period in 1994.

Key Takeaways:

  • Hancock Holding Company reported a net income of $6.7 million for the third quarter of 1995, a 6.3% increase from $6.3 million in the same period in 1994.
  • Earnings per share for the quarter were $0.75 in 1995 and $0.78 in 1994, with an average of 8.9 and 8.1 million shares outstanding, respectively.
  • The company's net income for the first nine months of 1995 was $20.1 million, a 16.5% increase from $17.2 million in the same period in 1994.
  • Leo W. Seal, Jr., President and Chief Executive Officer, stated that the company anticipates continued growth in both deposits and profits due to internal consolidation efforts and expansion of markets through branching, acquisitions, product introductions, and enhanced customer service through electronic delivery systems.
  • Hancock Holding Company operates 74 full-service offices and 95 automated teller machines through its subsidiary banks in Mississippi and Louisiana.
  • The company has a range of affiliates, including Hancock Mortgage Corporation, Hancock Insurance Agency, and Harrison Finance Company.
  • Hancock Holding Company's common stock is listed on the NASDAQ National Market System and listed in the NASDAQ newspaper quotations under the symbol "HancHd".

Statistics:

  • Net income for the third quarter of 1995: $6.7 million
  • Net income for the same period in 1994: $6.3 million
  • Increase in net income: 6.3%
  • Earnings per share for 1995: $0.75
  • Earnings per share for 1994: $0.78
  • Average shares outstanding in 1995: 8.9 million
  • Average shares outstanding in 1994: 8.1 million
  • Net income for the first nine months of 1995: $20.1 million
  • Net income for the same period in 1994: $17.2 million
  • Increase in net income for the first nine months: 16.5%

Sources:

  • BUSINESS WIRE, October 12, 1995.

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