Welcome to our dedicated page for Hancock Whitney Corporation news (Ticker: HWC), a resource for investors and traders seeking the latest updates and insights on Hancock Whitney Corporation stock.
Overview
Hancock Whitney Corporation has built a legacy of trust, stability, and comprehensive financial expertise since the late 1800s. With a robust network of bank offices and financial centers located primarily in Mississippi, Alabama, and Florida, the institution seamlessly blends traditional banking values with modern digital solutions. The company offers both traditional banking and online banking services, thus catering to the diverse needs of retail, commercial, and small business clients. Its product portfolio spans a wide range of financial services including transaction and savings deposit products, treasury management, and secured and unsecured lending solutions, with a distinct emphasis on delivering quality service and upholding its core values of integrity and teamwork.
Core Business Areas
At the heart of Hancock Whitney Corporation is a comprehensive suite of financial services designed to meet the varied needs of its client base. The bank provides:
- Retail and Commercial Banking: Offering crucial financial products such as checking and savings accounts, debit and credit solutions, and online banking facilities to empower individual and business financial management.
- Small Business Solutions: Tailored services including revolving credit facilities and loan products designed to support the growth and operational needs of small to medium-sized enterprises.
- Treasury Management: Specialized solutions that address the complexities of cash management, liquidity optimization, and risk mitigation for corporate clients.
- Trust and Investment Services: Providing robust investment advisory, brokerage, and trust management to individuals, retirement plans, and corporations, ensuring that clients’ investments are managed with precision and stewardship.
Service Excellence and Community Focus
Grounded in a steadfast commitment to service, Hancock Whitney Corporation reflects a combination of traditional banking ethics with modern operational strategies. The institution not only focuses on securing and managing assets but also on delivering personalized customer service. This is achieved through a network of expert financial advisors who tailor banking solutions to meet the ever-evolving demands of their clientele. The company's culture emphasizes teamwork and personal responsibility, creating an environment that ensures each client receives the attention and financial guidance they need. The community-centric approach, embedded in the bank's longstanding history, underscores its dedication to enriching local economies and creating meaningful employment opportunities.
Operational Strengths
Hancock Whitney Corporation distinguishes itself through a dual focus on innovation and tradition. By offering a seamless integration of traditional banking operations with cutting-edge online and digital banking platforms, the company provides its customers with flexible access to financial services. Its operational strength is further enhanced by:
- Innovative Banking Solutions: Harnessing digital advancements to offer secure, user-friendly online banking services, while maintaining the reliability of traditional in-person transactions.
- Diverse Financial Products: A holistic portfolio that caters to various segments ranging from individual savings and loans to sophisticated treasury management and investment products.
- Risk Management: Implementing prudent risk management strategies, particularly in facilitated credit products, to safeguard client assets and support steady growth.
Market Position and Competitive Landscape
Operating within a competitive landscape of regional and national financial institutions, Hancock Whitney Corporation maintains its distinctive position through a steadfast focus on customer service, a diversified financial product suite, and consistent adherence to core operational values. Unlike generic financial entities, the bank’s deep-rooted heritage, combined with its forward-thinking approach to financial technology, sets it apart from its competitors. This unique positioning enables it to serve a varied client demographic, from individual customers to large-scale corporate clients, all while reinforcing reliability and trustworthiness as its guiding principles.
Expertise and Industry Terminology
The company’s operational narrative is enriched by industry-specific terminology that resonates with financial analysts and is integral to investor understanding. Terms such as "secured and unsecured loan products," "treasury management services," and "investment advisory" underline its comprehensive approach to finance. Furthermore, the bank’s strategic focus on blending traditional values with modern banking innovations ensures its continued relevance in an evolving digital economy, without compromising the integrity and stability that have defined its long history.
Comprehensive Service Model
Integrating multiple layers of financial services, Hancock Whitney Corporation’s service model is designed to cater to a diverse array of clients. It not only provides access to essential banking services but also couples them with advanced financial solutions aimed at wealth management and risk mitigation. This integrated model helps clients streamline their financial operations under one institution, thereby simplifying decision-making processes while leveraging expert guidance.
Conclusion
Hancock Whitney Corporation stands as a testimony to lasting values and evolving financial expertise. With its extensive experience, innovative approach, and unwavering commitment to service, the institution effectively bridges the gap between traditional banking integrity and modern financial technology. This balanced strategy has established the company as a significant, multifaceted player in the financial services sector, firmly rooted in its history yet continuously adapting to meet contemporary market demands.
Hancock Whitney (HWC) has received all regulatory approvals for its subsidiary Hancock Whitney Bank to acquire Sabal Trust Company, a non-depository trust company based in St. Petersburg, Florida. The acquisition, initially announced on January 21, 2025, is expected to close on May 2, 2025, subject to remaining customary closing conditions.
Sabal Trust Company reported revenues of $22.1 million for the year ending December 31, 2024, and managed approximately $3 billion in assets under management as of the same date.
Hancock Whitney (HWC) has scheduled its first quarter 2025 financial results announcement for Tuesday, April 15, 2025, after market close. The company will host a conference call for analysts and investors at 3:30 p.m. Central Time on the same day.
Interested parties can access the live webcast through the Investor Relations section of Hancock Whitney's website. For those wishing to participate in the Q&A session, dial-in numbers are provided: 800-715-9871 or 646-307-1963 (access code: 6506941). A replay will be available through April 22, 2025, accessible via 800-770-2030 or 609-800-9909 (access code: 6506941).
Hancock Whitney (HWC) reported Q4 2024 net income of $122.1 million, or $1.40 per diluted share, up from $115.6 million ($1.33 EPS) in Q3 2024. Key highlights include:
- Total loans decreased to $23.3 billion, down $156.1 million (3% linked-quarter annualized)
- Deposits increased by $509.9 million to $29.5 billion (7% linked-quarter annualized)
- Net interest margin improved to 3.41%, up 2 basis points
- Efficiency ratio at 54.46%
- CET1 ratio estimated at 14.14%, with total risk-based capital ratio near 16%
The company repurchased 150,000 shares at an average price of $52.50 during Q4 2024. Management expects 2025 period-end loan balances to grow mid-single digits and deposits to increase low-single digits from year-end 2024 levels.
Hancock Whitney (HWC) has announced that its bank subsidiary will acquire Sabal Trust Company, a non-depository trust company based in St. Petersburg, Florida. The strategic acquisition aims to expand Hancock Whitney's wealth and asset management presence in the high-growth Florida market, particularly in the Tampa and Orlando metropolitan areas.
Sabal Trust Company generated revenues of $22.1 million in 2024 and managed approximately $3 billion in assets as of December 31, 2024. The transaction is expected to close in Q2 2025, subject to regulatory approvals. While financial terms weren't disclosed, the acquisition is projected to be immediately accretive to GAAP EPS (excluding one-time costs) and meets the company's minimum thresholds for Internal Rate of Return and Return on Invested Capital.
Hancock Whitney (Nasdaq: HWC) has scheduled its fourth quarter 2024 financial results announcement for Tuesday, January 21, 2025, after market close. The company will host a conference call at 3:30 p.m. Central Time on the same day for analysts and investors to review the results.
A live listen-only webcast will be available on the company's investor relations website. For those wanting to participate in the Q&A session, dial-in numbers are provided. An audio archive and replay will be accessible through January 28, 2025.
Hancock Whitney (Nasdaq: HWC) has announced a new stock buyback program authorized by its Board of Directors. The program allows the company to repurchase up to 5% of outstanding common stock as of December 31, 2024. This new initiative will replace the current buyback program expiring December 31, 2024. The new program will be effective from January 1, 2025 through December 31, 2026. Shares may be repurchased through various methods including open market, block purchases, accelerated share repurchase plans, or private negotiations, subject to market conditions and SEC regulations. The Board retains the right to terminate or amend the program before its expiration.
Hancock Whitney (Nasdaq: HWC) has appointed Moses Feagin to its board of directors, effective November 15, 2024. Feagin, currently Executive Vice President, Treasurer, and CFO of Alabama Power, brings 35 years of utility industry experience to the financial institution. He oversees finance, accounting, treasury, and regulatory affairs at Alabama Power, a Southern Company subsidiary. The appointment comes as Hancock Whitney, rated among America's strongest financial institutions by BauerFinancial, Inc., celebrates its 125th anniversary.
Hancock Whitney (Nasdaq: HWC) has declared a regular fourth quarter 2024 common stock cash dividend of $0.40 per share. The dividend will be paid on December 16, 2024, to shareholders of record as of December 5, 2024. The company highlights its consistent dividend payment history, having maintained uninterrupted quarterly dividends since 1967.
Hancock Whitney (Nasdaq: HWC) reported its financial results for the third quarter of 2024. Net income totaled $115.6 million, or $1.33 per diluted common share, compared to $114.6 million, or $1.31 per share, in Q2 2024. Key highlights include:
- Pre-provision net revenue (PPNR) increased to $166.5 million
- Loans decreased by $456 million, or 8% linked quarter annualized (LQA)
- Deposits decreased by $218 million, or 3% LQA
- Net interest margin (NIM) improved to 3.39%, up 2 bps
- CET1 ratio estimated at 13.79%, up 54 bps
- Efficiency ratio improved to 54.42%, down 176 bps
The company maintained a solid allowance for credit losses (ACL) coverage at 1.46%. Management expects 2024 period-end loan and deposit balances to be flat to slightly down from year-end 2023 levels.
Hancock Whitney (Nasdaq: HWC) has announced it will release its third quarter 2024 financial results on Tuesday, October 15, 2024, after market close. The company will host a conference call for analysts and investors at 3:30 p.m. Central Time on the same day to discuss the results.
A live listen-only webcast of the call will be available on the Investor Relations section of Hancock Whitney's website. For those wishing to participate in the Q&A portion, dial-in details are provided. An audio archive of the conference call will be accessible on the company's website, and a replay will be available through October 22, 2024, via phone.
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