Wunderlich Securities Downgrades Hancock Holding (HBHC) to Hold
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April 23, 2015 5:00 PM EDT
GULFPORT, Miss., April 23, 2015 (GLOBE NEWSWIRE) -- Hancock Holding Company (Nasdaq: HBHC) today announced its financial results for the first quarter of 2015. Operating income for the first quarter of 2015 was $44.7 million, or $.55 per diluted common share, compared to $46.4 million, or $.56, in the fourth quarter of 2014. Operating income was $49.1 million, or $.58, in the first quarter of 2014. We define our operating income as net income excluding tax-effected securities transactions gains or losses and nonoperating expense items. Nonoperating expenses totaled $7.3 million and $9.7 million (pre-tax), in the first quarter of 2015 and fourth quarter of 2014, respectively. There were no... More
