NEW YORK (Thomson Financial) - Whitney Holding Corp. Tuesday reported
first-quarter net income of $29.9 million, or 45 cents a share, beating the mean
estimate of analysts polled by Thomson Financial of 42 cents a share.
Tax-equivalent net interest income for the bank was $114.8 million, while
the provision for credit losses was $14 million.
In the year-ago period, the company posted net income of $37 million, or 55
cents a share, on tax-equivalent net interest income of $116.4 million. The
provision for credit losses was a negative $2 million.
Shares of Whitney closed Monday at $22.59.
Ryan Vlastelica
rv/vj
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