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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) announced plans to eliminate consumer non-sufficient funds (NSF) fees and certain overdraft fees by year-end 2022. Changes include the removal of sustained overdraft fees and an increase in the overdraft balance threshold to assist customers. These modifications aim to reduce service charges on deposit accounts by approximately $10-$11 million annually. Additionally, the bank launched 'Early Pay' in March 2022, allowing customers early access to direct-deposited payroll, and plans to introduce a no-overdraft fee account called 'Assure Checking' later this year.
Hancock Whitney has announced a strategic partnership with Cetera Financial Group to elevate its broker-dealer and investment advisory services. Hancock Whitney Investment Services, Inc. will transition its client services to operate as “Hancock Whitney Financial Consultants” under Cetera, pending regulatory approval. This move aims to enhance client experiences and expand product offerings. The transition is expected to take place in the second half of 2022. The company retains its trust and asset management division, which manages $10 billion in assets.
Hancock Whitney Corporation (HWC) has declared a $0.27 cash dividend per share for the first quarter of 2022. This dividend is payable on March 15, 2022, with a record date of March 4, 2022. The company has maintained uninterrupted quarterly dividends since 1967, reflecting financial stability and commitment to shareholder returns.
Hancock Whitney Corporation (Nasdaq: HWC) reported a strong fourth quarter of 2021, with net income reaching $137.7 million ($1.55 EPS), up from $129.6 million ($1.46 EPS) the previous quarter. Excluding nonoperating items, EPS improved by $0.06 QoQ. Core loan growth was robust at $652.5 million, leading to a total loan increase of $248.3 million. Total deposits increased by $1.3 billion. PPNR totaled $134.2 million, and the company achieved an annual EPS of $5.22, rebounding from losses in 2020. Confidence in 2022 remains strong, despite slight NIM compression and a flat deposit outlook.
Hancock Whitney Corporation (HWC) will announce its fourth quarter 2021 financial results on January 18, 2022, after market close. A conference call for analysts and investors will take place at 4:00 p.m. CT the same day. The call can be accessed via a live webcast. An archive of the call will also be available until January 25, 2022.
Hancock Whitney Corporation (NASDAQ: HWC) announced a cash dividend of
Hancock Whitney Corporation (HWC) has appointed Sonia A. Pérez and H. Merritt Lane III as new directors, effective October 28, 2021. Pérez, a veteran with AT&T, brings significant industry experience and leadership, having held various roles since 2005. Lane, CEO of Canal Barge Company, also has extensive board experience and a strong background in the marine industry. Both will stand for election at the company’s 2022 annual meeting, aiming to enhance board effectiveness and strategic direction.
Hancock Whitney Corporation (Nasdaq: HWC) reported third-quarter 2021 net income of $129.6 million, or $1.46 per diluted share, up from $88.7 million in Q2 2021. Key highlights include core loan growth of $219.7 million, though total loans decreased by $262.5 million due to PPP loan forgiveness. Deposits fell by $65 million, but noninterest-bearing deposits increased by $247 million. Asset quality improved, with nonperforming loans down 27%. The tangible common equity ratio rose to 7.85%, and management anticipates continued growth toward a 55% efficiency ratio by 2022.
Hancock Whitney Corporation (HWC) will release its third quarter 2021 financial results on October 19, 2021, post-market close. A conference call for analysts and investors is scheduled for 4:00 p.m. Central Time on the same day to discuss the results. The call will be accessible via a live webcast at Hancock Whitney’s investor relations site. A replay will be available until October 24, 2021. For further details on Hancock Whitney's financial products and services, visit www.hancockwhitney.com.
Hancock Whitney announced a
40% of financial centers have reopened, with more opening daily. The bank is also providing
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