DBRS: Hancock unchanged

DBRS said that its ratings for Hancock Holding Co., including its A (low) issuer & senior debt rating, are unchanged following the release of 2Q11 results.

With the exception of the stable trend for the short-term instrument ratings of its rated bank subsidiaries, all ratings remain on negative trend, the agency added.

Reflecting the June 4 completion of its acquisition of Whitney Holding Corp. and sizable merger-related expense, Hancock reported net income of $12.1 million for 2Q11, down from $15.3 million for 1Q11, the agency stated.

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