Hancock Whitney profit declined in the fourth quarter as deposits and total loans fell.
The bank holding company posted net income of $50.6 million, or 58 cents a share, compared with $97.7 million, or $1.12 a share, in the same quarter a year ago.
Adjusted pre-provision net revenue, which is total revenue less noninterest expense, rose 3% to $157.5 million. Loans declined 1% to $23.9 billion.
Total deposits fell 2% to $29.7 billion, driven by brokered deposit maturities. There was also an increase in retail time deposits and an increase in interest-bearing public funds due to year-end seasonality.
The company booked a provision for credit losses of $17 million, compared with $28.5 million last quarter.