Whitney Holding Corp.'S 2q Earnings Drop 11 Percent

New Orleans City Business › July 25, 2007

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Summary

Whitney Holding Corp. earned $35.1 million in the quarter ended June 30, an 11 percent decreased compared with net income of $39.4 million for second quarter 2006.

Officials attribute the drop to the outflow of deposits that were streaming into the bank a year ago following the 2005 hurricane season.

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Whitney Holding Corp.'S 2q Earnings Drop 11 Percent

"Last year at this time, earnings were favorably impacted by the high level of lower-cost deposit balances that we held in the month...

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