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Hancock Whitney Corporation - HWC STOCK NEWS

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.

Rhea-AI Summary

Hancock Whitney Bank announced the retirement of Joy Lambert Phillips, Senior Executive Vice President and Chief Legal Officer, effective September 6, 2024. Phillips has been with the company for over 25 years and has played a important role in its growth and governance. Her successor, Nita Kuhner, will take over as General Counsel and Corporate Secretary.

Phillips has had a distinguished 40-year career in financial services law, joining Hancock Bank in 1999. She was instrumental in the Hancock Bank and Whitney National Bank merger in 2011. Her leadership extended beyond the company, serving on various legal committees and receiving numerous accolades, including the 2010 Chief Justice Award and the 2013 Mississippi Center for Justice 'Champion of Justice' award.

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Hancock Whitney (Nasdaq: HWC) has announced a regular third quarter 2024 common stock cash dividend of $0.40 per share. The dividend is payable on September 16, 2024 to shareholders of record as of September 5, 2024. This announcement continues the company's long-standing tradition of paying uninterrupted quarterly dividends since 1967, demonstrating a strong commitment to shareholder returns and financial stability. The consistency in dividend payments over nearly six decades highlights Hancock Whitney's resilience and ability to generate steady cash flows across various economic cycles.

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Hancock Whitney (Nasdaq: HWC) reported Q2 2024 earnings of $114.6 million, or $1.31 per diluted share, up from $108.6 million, or $1.24 per share in Q1 2024. Key highlights include:

- Net interest margin increased to 3.37%, up 5 bps from Q1
- Loans decreased by $59.3 million, or 1% linked quarter annualized (LQA)
- Deposits decreased by $575.2 million, or 8% LQA
- Efficiency ratio improved to 56.18%, down 26 bps linked-quarter
- CET1 ratio estimated at 13.25%, up 60 bps linked-quarter

The company maintained a solid allowance for credit losses (ACL) coverage of 1.43% and resumed share buybacks during the quarter. Management expects 2024 period-end loan and deposit levels to be flat to slightly down from year-end 2023.

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Hancock Whitney (Nasdaq: HWC) will release its second quarter 2024 financial results on Tuesday, July 16, 2024, after the market closes. The company's management will host a conference call for analysts and investors at 3:30 p.m. Central Time the same day to discuss the results.

The call will be webcast live on the Investor Relations section of Hancock Whitney's website. Participants can join the Q&A session by dialing specific numbers provided in the PR. Additionally, an audio archive of the call will be available on the company's website, and a replay can be accessed by phone through July 23, 2024.

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Hancock Whitney (Nasdaq: HWC) has increased its quarterly dividend by 33%, with a regular second quarter cash dividend of $0.40 per common share. The dividend will be payable on June 14, 2024, to shareholders of record as of June 5, 2024.
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Hancock Whitney (HWC) reported a strong first quarter of 2024 with a net income of $108.6 million, or $1.24 per diluted common share, compared to $50.6 million in the previous quarter. Adjusted pre-provision net revenue (PPNR) was $152.9 million, down 3% linked-quarter. Loans increased by $49.0 million, deposits by $85.8 million, and NIM reached 3.32%. The company's CET1 ratio rose to 12.67%, and TCE ratio to 8.61%. Noninterest income saw a significant increase of 126%, totaling $87.9 million. The total allowance for credit losses (ACL) was $340.8 million, up 1% from the previous quarter.
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Hancock Whitney (HWC) will release its first quarter 2024 financial results on April 16, 2024, followed by a conference call for analysts and investors. The call will be available via webcast and phone, with an audio archive and replay options provided.
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Hancock Whitney Corporation (HWC) appoints D. Shane Loper as the new President of Hancock Whitney Bank following Joe Exnicios' retirement after 46 years of service. Loper, with 34 years of experience, will focus on bank growth and client service in the Gulf South region.
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Hancock Whitney Corporation (HWC) has declared a regular first quarter 2024 common stock cash dividend of $0.30 per share, continuing its uninterrupted quarterly dividend payments since 1967. The dividend is payable on March 15, 2024, to shareholders of record as of March 5, 2024.
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Hancock Whitney Corporation (Nasdaq: HWC) reported a net income of $50.6 million for the fourth quarter of 2023, down from $97.7 million in the third quarter. Adjusted pre-provision net revenue (PPNR) increased by 3% linked-quarter. Loans declined by 1%, and deposits decreased by 8% linked-quarter. The company's net interest margin (NIM) remained stable at 3.27%. The total allowance for credit losses (ACL) was $336.8 million, up less than 1% from the previous quarter. The company's CET1 ratio is estimated to be 12.39%, up 33 bps linked-quarter.
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FAQ

What is the current stock price of Hancock Whitney Corporation (HWC)?

The current stock price of Hancock Whitney Corporation (HWC) is $46.05 as of April 4, 2025.

What is the market cap of Hancock Whitney Corporation (HWC)?

The market cap of Hancock Whitney Corporation (HWC) is approximately 4.1B.

What core banking services does Hancock Whitney Corporation offer?

The company offers a broad array of banking services including retail and commercial banking, online banking, treasury management, and secured and unsecured loan products. It also provides trust and investment advisory services.

In which regions does Hancock Whitney Corporation operate?

Hancock Whitney Corporation primarily operates through its bank offices and financial centers in Mississippi, Alabama, and Florida, serving a wide range of local communities and businesses.

How does the bank merge traditional and modern banking methods?

By integrating established traditional banking practices with advanced digital platforms, Hancock Whitney Corporation ensures seamless service delivery through both in-person and online channels.

What types of customers benefit from the bank’s services?

Customers ranging from individuals and small businesses to large commercial enterprises benefit through a comprehensive array of products tailored to meet diverse financial needs.

How does Hancock Whitney Corporation manage risk in its financial products?

The bank employs prudent risk management strategies across its secured and unsecured loan products and treasury management services, ensuring stability and security for its clients.

What differentiates Hancock Whitney Corporation from its competitors?

The company differentiates itself through its long-standing heritage, deep regional ties, and a balanced focus on both traditional banking ethics and innovative financial technology solutions.

Can clients access comprehensive investment and trust services?

Yes, the bank offers robust trust and investment management services, including advisory and brokerage, tailored for retirement plans, corporations, and individual investors.

Does the bank provide specialized services for small businesses?

Absolutely. Hancock Whitney Corporation offers tailored solutions for small businesses, including revolving credit facilities and specialized loan products to support growth and operational needs.
Hancock Whitney Corporation

Nasdaq:HWC

HWC Rankings

HWC Stock Data

4.09B
84.99M
1.08%
88.28%
3.07%
Banks - Regional
State Commercial Banks
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United States
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