NEW YORK (Thomson Financial) - Whitney Holding Corp. Wednesday reported
fourth-quarter net income of $30.2 million, or 45 cents a share, versus the mean
estimate of analysts polled by Thomson Financial of 44 cents a share.
The company said it provided $10 million for credit losses during the
quarter, compared to a $1 million provision last year.
Net interest income for the New Orleans-based bank decreased slightly to
$116.3 million from the $117 million reported in the fourth quarter of 2006.
In the year-ago period, the company posted net income of $33.9 million, or
51 cents a share.
Shares of Whitney closed Tuesday at $22.26.
Ryan Vlastelica
rv/vj
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