DBRS affirms Hancock Holding

DBRS said its ratings for Hancock Holding Co., including its A (low) issuer and senior debt rating, are unchanged following the release of 2012 first quarter results.

All ratings remain on negative trend, with the exception of the stable trend for the short-term instruments ratings of its rated bank subsidiaries.

DBRS said that on an operating basis, Hancock reported earnings of $40.5 million for the first quarter of 2012, down from $45.1 million for the fourth quarter of 2011. Lower operating earnings mostly reflected higher operating expenses, the agency said.

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