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DBRS: Hancock unaffected
DBRS commented that its ratings for Hancock Holding Co., including its A (low) issuer & senior debt rating are unchanged following the release of 3Q10 results.
All ratings remain on stable trend.
In light of the non-recurrence of Hancock's sizable 2Q10 loan loss reserve build and a one-time merger related charge, net income increased to $14.9 million, up from $6.5 million for the prior quarter, the agency added.
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