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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.

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.

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Hancock Whitney Corporation (Nasdaq: HWC) reported net income of $117.8 million, or $1.35 per diluted common share, for Q2 2023. Pre-provision net revenue (PPNR) totaled $157.8 million. Deposits increased by $430.4 million, or 6%, and loans grew by $385.4 million, or 7%. The CET1 ratio was estimated at 11.83%, up 23 bps linked-quarter. Net interest margin (NIM) was 3.30%, down from 3.55% in Q1 2023. Noninterest income increased by 4% to $83.2 million. Noninterest expense increased by 1% to $202.1 million. Common stockholders' equity was $3.6 billion, up 1% from Q1 2023.
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Hancock Whitney Corporation will announce second quarter 2023 financial results on July 18, 2023. A conference call for analysts and investors will be held to review the results. A live webcast and audio archive will be available.
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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.

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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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Hancock Whitney Corporation (NASDAQ: HWC) announced a first-quarter 2023 common stock cash dividend of $0.30 per share, reflecting an 11% increase from the prior period. This dividend will be payable on March 15, 2023, to shareholders on record as of March 6, 2023. Additionally, the company authorized a new stock buyback program, allowing the repurchase of up to 4,297,000 shares (approximately 5% of outstanding shares) before its expiration on December 31, 2024. This replaces the previous program and aims to enhance shareholder value.

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Hancock Whitney Corporation (Nasdaq: HWC) reported a net income of $143.8 million for Q4 2022, translating to $1.65 per diluted share, up from $135.4 million in Q3 2022. The pre-provision net revenue (PPNR) increased by 6% to $185 million. Total loans grew by $528.5 million (9% linked-quarter), while deposits rose by $119.1 million (2% linked-quarter). The net interest margin (NIM) improved to 3.68%, and criticized commercial loans and nonperforming loans remained historically low. However, noninterest income declined by 10% due to reduced service charges and secondary mortgage fees. Management forecasts modest loan and deposit growth for 2023.

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Hancock Whitney Corporation (NASDAQ: HWC) is set to announce its fourth quarter 2022 financial results on January 17, 2023, following market closure. A conference call for analysts and investors will take place at 4:00 p.m. Central Time on the same day. Interested parties can listen live via the company's Investor Relations website. The call will include a Q&A segment, accessible by dialing designated phone numbers. A replay will be available until January 24, 2023.

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Hancock Whitney Corporation (NASDAQ: HWC) has declared a fourth-quarter 2022 cash dividend of $0.27 per share, payable on December 15, 2022 to shareholders on record as of December 5, 2022. The company has maintained an uninterrupted quarterly dividend since 1967, reflecting its stability and commitment to returning value to shareholders.

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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 $52.1 as of October 31, 2024.

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

The market cap of Hancock Whitney Corporation (HWC) is approximately 4.5B.

What services does Hancock Whitney Corporation offer?

Hancock Whitney provides traditional and online banking, commercial and small business banking, energy banking, private banking, trust and investment services, and mortgage solutions.

Where are Hancock Whitney's locations?

Hancock Whitney operates bank offices and financial centers in Mississippi, Alabama, and Florida.

Is Hancock Whitney an equal opportunity employer?

Yes, Hancock Whitney is an equal opportunity/affirmative action employer, offering fair consideration for all qualified applicants regardless of various protected statuses.

What is the significance of Hancock Whitney's core values?

Hancock Whitney's core values of honor, integrity, strength, stability, service, teamwork, and personal responsibility guide its operations and commitment to clients and employees.

Does Hancock Whitney offer investment advisory services?

Yes, Hancock Whitney provides investment advisory and brokerage products through its trust and investment management services.

What type of loans does Hancock Whitney provide?

Hancock Whitney offers a variety of loan products including secured and unsecured loans, revolving credit facilities, and letters of credit.

Can individuals access Hancock Whitney's services?

Yes, Hancock Whitney provides a wide range of services for individual clients, including banking, investment management, and mortgage services.

What distinguishes Hancock Whitney from other financial institutions?

Hancock Whitney's longstanding heritage, commitment to core values, comprehensive service offerings, and focus on equal opportunity employment set it apart in the financial sector.

Are there online banking options available at Hancock Whitney?

Yes, Hancock Whitney offers comprehensive online banking services alongside its traditional banking options.

How does Hancock Whitney support small businesses?

Hancock Whitney supports small businesses through specialized commercial banking services, including tailored loan products, treasury management services, and more.

Hancock Whitney Corporation

Nasdaq:HWC

HWC Rankings

HWC Stock Data

4.49B
86.35M
1%
82.77%
2.89%
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