KBW Comments On HBHC In-Line Results

KBW reports that Hancock Holding Co. HBHC was in-line, “and Whitney Holding Corp. WTNY numbers were better than Street expectations.” “Still, the combined company was on a $1.60 annualized EPS run rate, highlighting the work that needs to occur for the combined company to reach the $3.00 range EPS level in 2013,” KBW writes. “WTNY deal should close in mid-May.” Whitney Holding closed Thursday at $13.43; Hancock Holding closed at $32.40.