Hancock Whitney Corporation - HWC STOCK NEWS

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 $0.27 per share for the fourth quarter of 2021. This dividend will be payable on December 15, 2021, to shareholders on record as of December 6, 2021. This ongoing commitment underscores the company's strong financial position, as it has paid uninterrupted quarterly dividends since 1967.

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 $2.5 million commitment for recovery efforts following Hurricane Ida, which struck Southeast Louisiana on August 29, 2021.

40% of financial centers have reopened, with more opening daily. The bank is also providing $500,000 to New Orleans for infrastructure restoration and $200,000 in special grants for underserved communities. Additional contributions include $100,000 to Second Harvest Food Bank and $750,000 for distributing essential supplies.

Hancock Whitney Corporation (NASDAQ: HWC) provided operational updates post-Hurricane Ida, which hit Louisiana on August 29, 2021. The company activated recovery efforts immediately, ensuring all client-facing systems are fully operational. Despite some financial centers in Louisiana remaining closed due to outages, facilities in Mississippi, Alabama, Florida, and Texas resumed normal operations. Hancock Whitney emphasized its commitment to client safety and community support, with recovery plans built on lessons learned from previous storms.