N.O.-Based Whitney 3q Income Down 85 Percent

Summary

---

Whitney Holding Corp., the parent company of Whitney National Bank, gave fair warning to investors a couple weeks ago that its earnings would take a hit from recent economic pressures and instability in the real estate market.

Its third-quarter report released today shows net income dropped 85 compared to the same period in 2007, when Whitney's earnings were boosted with a huge hurricane-related insurance settlement. This year, Whitney had to pay out money due to hurricanes.

See the full content of this document

Extract

---

N.O.-Based Whitney 3q Income Down 85 Percent

The bank holding company earned $7 million in the quarter ended Sept. 30, compared with a $12.9 million net for the second quarter and $48.8 million in third quarter 2007. Earn...

See the full content of this document

---