Hancock Holding Company reports third quarter 1995 results.GULFPORT Gulfport, city (1990 pop. 40,775), seat of Harrison co., SE Miss., a port on Mississippi Sound, the Gulf of Mexico, in a resort area; inc. 1898. A port of entry, it receives large shipments of bananas. , Miss.--(BUSINESS WIRE)--Oct. 12, 1995--Hancock Holding Company (NASDAQ/NMS:HBHC HBHC Healthy Babies Healthy Children (Ontario, Canada) ) today announced results for the third quarter of 1995. Net income for the quarter was $6.7 million compared to $6.3 million for the same period in 1994. Earnings per share amounted to $0.75 in 1995 and $0.78 in 1994 on 8.9 and 8.1 million average shares outstanding, respectively. Net income for the first nine months was $20.1 million compared to $17.2 million for the same period in 1994. Earnings per share amounted to $2.26 in 1995 and $2.12 in 1994 on 8.9 and 8.1 million average shares outstanding, respectively. Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. W. Seal, Jr., President and Chief Executive Officer, said "Profits remain above 1994 levels and with future internal consolidation efforts and expansion of our markets through branching, acquisitions, product introductions and enhanced customer service through electronic delivery systems, we anticipate continued growth in both deposits and profits." Hancock Holding Company, headquartered in Gulfport, Miss., is the parent company of Hancock Bank in Gulfport, Miss., Hancock Bank of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. in Baton Rouge, Louisiana For the Canadian restaurant, see . Baton Rouge (from the French bâton rouge), pronounced /ˈbætn ˈɹuːʒ/ in English, and and First National Bank of Denham Springs, Denham Springs, Louisiana Denham Springs is a city in Livingston Parish, Louisiana, United States. The population was 10,206 at a 2005 population estimate. Geography Denham Springs is located at (30.479739, -90.954105)GR1. . Through its banks in Mississippi Mississippi, state, United States Mississippi (mĭs'əsĭp`ē), one of the Deep South states of the United States. It is bordered by Alabama (E), the Gulf of Mexico (S), Arkansas and Louisiana, with most of the border formed by and Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. , the company operates 74 full service offices and 95
automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. . Bank-related affiliates include Hancock
Mortgage Corporation, Hancock Insurance Agency and Harrison Finance
Company.Hancock Holding Company's common stock is listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market System and listed in the NASDAQ newspaper quotations under HancHd. -0-
Hancock Holding Company
Financial Highlights
(Amounts in thousands, except per share data)
Three Months Ended Six Months Ended
Sept. 30, Sept. 30,
1995 1994 1995 1994
(restated)/a (restated)/a
Interest income $ 41,304 $ 34,987 $119,993 $100,140
Interest expense 15,897 12,842 45,334 36,833
Net interest
income 25,407 22,145 74,659 63,307
Provision for
loan losses 1,140 494 2,317 1,323
Net interest income
after provision
for loan losses 24,267 21,651 72,342 61,984
Non-interest
income 6,186 5,686 17,275 15,679
Non-interest
expense 20,373 18,170 59,537 52,673
Income before
income taxes 10,080 9,167 30,080 24,990
Income taxes 3,361 2,860 9,969 7,813
Net income $ 6,719 $ 6,307 $ 20,111 $ 17,177
Net income per share $0.75 $0.78 $2.26 $2.12 Dividends declared per share $0.25 $0.23 $0.71 $0.69 Weighted average shares outstanding 8,880 8,097 8,880 8,097 Return on assets 1.21% 1.22% 1.23% 1.14%
(a) Restated for 1994 and 1995 acquisitions accounted for using
the pooling-of-interest method.
Sept. 30, Sept. 30, Dec. 31,
1995 1994 1994
Total assets $2,219,691 $2,062,453 $1,940,845
Cash and due from banks 145,907 118,997 114,900
Investment securities 930,001 902,923 853,207
Net loans 1,014,866 919,507 867,089
Total deposits 1,884,323 1,827,260 1,702,079
Stockholders' equity 219,454 178,531 169,927
CONTACT: Hancock Holding Company, Gulfport Leo W. Seal, Jr., 601/868-4606 |
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