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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
April 29 -
Four banks based in the state have agreed to sell since December, when Hancock Holding of Gulfport, Miss., said it would buy Whitney, a New Orleans stalwart.
April 6 -
The Justice Department said Friday that it will not challenge Hancock Holding's deal to acquire Whitney Holding of New Orleans as long as the companies sell eight branches.
April 1
Whitney Holding Corp. in New Orleans reported a profitable first quarter on Thursday, a day after the company that is buying it did the same.
The $11.5 billion-asset company earned $13.1 million, compared with a loss of $92.6 million in the fourth quarter. Whitney reported losing $10.3 million a year earlier. The results included Whitney's $4.1 million quarterly dividend tied to the Troubled Asset Relief Program.
Whitney said its first-quarter results were aided by $5.8 million recovered from a chargeoff associated with Hurricane Katrina in 2006. The company also reversed a $5 million allowance it created in case of losses from last summer's BP LLC oil spill.
Nonperforming assets made up 4.45% of total loans at March 31, compared with 5.16% at Dec. 31 and 6.12% a year earlier. Whitney sold about $95 million of nonperforming loans during the first quarter.
Hancock Holding Co. in Gulfport, Miss., which expects to buy Whitney in the second quarter, reported first-quarter earnings of $15.3 million on Wednesday.
