Regional banker Hancock Holding Co. posted a slight drop in third-quarter profit, but the results still handily beat Wall Street forecasts. For the July-through-September period, Gulfport, Miss.-based Hancock earned $14.9 million, or 40 cents per share, compared with year-ago earnings in the third quarter of $15.2 million, or 47 cents per share. Analysts polled by Thomson Reuters, on average, had forecast per-share earnings of 35 cents for the latest quarter. Income and non-interest income were up from $91.2 million in the third quarter of 2009 to $104.9 million.
Hancock 3Q profit beats forecasts
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