Hancock Whitney Renews Share Repurchase Authorization
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) ha annunciato un nuovo programma di riacquisto di azioni autorizzato dal suo Consiglio di Amministrazione. Il programma consente all'azienda di riacquistare fino al 5% delle azioni ordinarie in circolazione al 31 dicembre 2024. Questa nuova iniziativa sostituirà l'attuale programma di riacquisto che scade il 31 dicembre 2024. Il nuovo programma sarà attivo dal 1 gennaio 2025 al 31 dicembre 2026. Le azioni possono essere riacquistate attraverso vari metodi, inclusi il mercato aperto, acquisti in blocco, piani di riacquisto accelerato, o negoziazioni private, soggetti a condizioni di mercato e normative SEC. Il Consiglio si riserva il diritto di terminare o modificare il programma prima della sua scadenza.
Hancock Whitney (Nasdaq: HWC) ha anunciado un nuevo programa de recompra de acciones autorizado por su Junta Directiva. El programa permite a la empresa recomprar hasta el 5% de las acciones ordinarias en circulación al 31 de diciembre de 2024. Esta nueva iniciativa reemplazará el programa de recompra actual que expira el 31 de diciembre de 2024. El nuevo programa será efectivo desde el 1 de enero de 2025 hasta el 31 de diciembre de 2026. Las acciones pueden ser recompensadas a través de varios métodos, incluyendo mercado abierto, compras en bloque, planes de recompra acelerada o negociaciones privadas, sujeto a las condiciones del mercado y regulaciones de la SEC. La Junta se reserva el derecho de terminar o modificar el programa antes de su expiración.
핸콕 휘트니 (Nasdaq: HWC)는 이사회의 승인으로 새로운 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 회사가 2024년 12월 31일 기준으로 유통 주식의 5%까지 재매입할 수 있도록 허용합니다. 이 새로운 이니셔티브는 2024년 12월 31일에 만료되는 현 프로그램을 대체할 것입니다. 새로운 프로그램은 2025년 1월 1일부터 2026년 12월 31일까지 유효합니다. 주식은 공개 시장, 블록 구매, 가속화된 주식 매입 계획 또는 사적 협상 등 다양한 방법을 통해 재매입될 수 있으며, 이는 시장 상황 및 SEC 규정에 따라 다릅니다. 이사회는 프로그램의 만료 전에 이를 종료하거나 수정할 권리를 보유합니다.
Hancock Whitney (Nasdaq: HWC) a annoncé un nouveau programme de rachat d'actions approuvé par son Conseil d'Administration. Le programme permet à la société de racheter jusqu'à 5% des actions ordinaires en circulation au 31 décembre 2024. Cette nouvelle initiative remplacera l'actuel programme de rachat qui expire le 31 décembre 2024. Le nouveau programme sera effectif du 1er janvier 2025 au 31 décembre 2026. Les actions peuvent être rachetées par divers moyens, y compris le marché libre, les achats en bloc, les plans de rachat accéléré ou les négociations privées, sous réserve des conditions du marché et des réglementations de la SEC. Le Conseil se réserve le droit de mettre fin ou de modifier le programme avant son expiration.
Hancock Whitney (Nasdaq: HWC) hat ein neues Aktienrückkaufprogramm angekündigt, das von seinem Vorstand genehmigt wurde. Das Programm erlaubt es dem Unternehmen, bis zu 5% der ausstehenden Stammaktien zum 31. Dezember 2024 zurückzukaufen. Diese neue Initiative wird das derzeitige Rückkaufprogramm ersetzen, das am 31. Dezember 2024 ausläuft. Das neue Programm tritt vom 1. Januar 2025 bis zum 31. Dezember 2026 in Kraft. Aktien können durch verschiedene Methoden zurückgekauft werden, einschließlich offene Märkte, Blockkäufe, beschleunigte Aktienrückkaufpläne oder private Verhandlungen, vorbehaltlich der Marktbedingungen und SEC-Vorschriften. Der Vorstand behält sich das Recht vor, das Programm vor seinem Ablauf zu beenden oder zu ändern.
- Authorization to repurchase up to 5% of outstanding shares
- Two-year duration provides flexibility in execution
- Multiple repurchase methods available for optimal implementation
- Program doesn't commence until January 2025, delaying potential benefits
- 5% buyback limit may be considered conservative by some investors
Insights
The Stock Buyback Program is effective on January 1, 2025 and expires on December 31, 2026. The shares may be repurchased in the open market, by block purchase, through accelerated share repurchase plans, in privately negotiated transactions or otherwise, in one or more transactions, from time to time, depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission. The Stock Buyback Program may be terminated or amended by the Board at any time prior to the expiration date.
About Hancock Whitney
Since the late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility. Hancock Whitney offices and financial centers in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241212994097/en/
For more information
Kathryn Shrout Mistich, VP, Investor Relations Manager
504.539.7836 or kathryn.mistich@hancockwhitney.com
Source: Hancock Whitney
FAQ
What is the size of Hancock Whitney's new share repurchase program?
When does Hancock Whitney's new stock buyback program start and end?
How will Hancock Whitney (HWC) execute its share repurchase program?
Can Hancock Whitney's Board modify or cancel the 2025-2026 buyback program?
