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.
Hancock Whitney Corporation (NYSE: HWC) stands as a prominent financial institution with a rich heritage dating back to the late 1800s. The company has consistently embodied core values of honor, integrity, strength, and stability, paired with a commitment to exceptional service, teamwork, and personal responsibility.
From its headquarters, Hancock Whitney operates numerous bank offices and financial centers in Mississippi, Alabama, and Florida. It offers a comprehensive suite of financial products and services, targeting commercial, small business, and retail clients. These services encompass traditional and online banking, with offerings including checking and savings accounts, treasury management services, and an array of secured and unsecured loan products such as revolving credit facilities and letters of credit.
Additionally, Hancock Whitney provides specialized services in energy banking, private banking, trust and investment services, and mortgage solutions. The company also extends its expertise to retirement plans, corporations, and individual clients through its trust and investment management services, ensuring customers have access to top-tier investment advisory and brokerage products.
Hancock Whitney's unwavering dedication to its core values not only fosters a robust financial environment but also underpins its commitment to equal employment opportunities. The company is an equal opportunity/affirmative action employer, ensuring all qualified applicants receive fair consideration regardless of race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability, or other protected statuses.
Hancock Whitney continues to set benchmarks in the financial sector with its latest projects and achievements, bolstering its reputation for strong financial health and partnership-driven success.
Hancock Whitney Corporation (Nasdaq: HWC) reported first quarter 2023 net income of $126.5 million, or $1.45 per diluted share, down from $143.8 million in Q4 2022. However, this figure is up from $123.5 million in Q1 2022. Key financial highlights include pre-provision net revenue of $167.0 million and total deposits growing by $542.7 million, a 7% increase. Loan growth was $290.5 million, or 5%. The net interest margin fell by 13 basis points to 3.55%, with total loans at $23.4 billion. The company maintained a strong capital position, with a CET1 ratio of 11.61%. Despite industry pressures, management anticipates flat to low single-digit growth in year-end deposit levels for 2023.
Hancock Whitney Corporation (NASDAQ: HWC) will release its first quarter 2023 financial results on April 18, 2023, after market close. A conference call to discuss these results is scheduled for 4:00 p.m. Central Time on the same day. Investors can access a live webcast on Hancock Whitney's website. For Q&A participation, callers should dial 888-210-2654 or 646-960-0278 with access code 6914431. An audio archive of the call will be available until April 25, 2023.
Hancock Whitney offers a variety of financial services across multiple states, including Mississippi, Alabama, Florida, Louisiana, and Texas.
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