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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 (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
Hancock Whitney Corporation (NASDAQ: HWC) provided operational updates post-Hurricane Ida, which hit Louisiana on
Hancock Whitney Corporation (Nasdaq: HWC) has announced the approval of a third quarter 2021 cash dividend of $0.27 per share. This dividend will be payable on September 15, 2021, to shareholders on record as of September 7, 2021. The company's long-standing commitment to integrity, strength, and service has solidified its position in the financial sector, with a range of services in multiple states including Mississippi, Alabama, Florida, Louisiana, and Texas.
Hancock Whitney Corporation (Nasdaq: HWC) reported its second quarter 2021 financial results, posting a net income of $88.7 million, or $1.00 per diluted share, down from $107.2 million in Q1 2021. The bank faced a net loss of $117.1 million in Q2 2020 due to COVID-19 impacts. Key metrics include a 4% increase in pre-provision net revenue and a negative provision for credit losses of $17.2 million. Loans decreased by $516.3 million, while deposits rose by $62.6 million, attributed to pandemic-related funding. The tangible common equity ratio improved to 7.70%.
Hancock Whitney Corporation (Nasdaq: HWC) will announce its second quarter 2021 financial results on July 20, 2021, after market close. A conference call for analysts and investors will follow at 4:00 p.m. Central Time to review these results. The call can be accessed by dialing 866-270-1533 or 412-317-0797, with a live webcast available on their Investor Relations website. An audio archive will also be accessible until July 25, 2021. Hancock Whitney offers various financial services across multiple states.
Hancock Whitney Corporation announced the redemption of all its 5.95% Subordinated Notes due 2045 (the "2045 Notes"), totaling $150 million, at 100% principal plus accrued interest. This will incur one-time costs of approximately $4.2 million included in Q2 2021 results. The company anticipates annualized cost savings of about $9 million and a positive impact of 5 basis points on the net interest margin (NIM). The 2045 Notes will no longer trade on the Nasdaq Stock Market.
Hancock Whitney Corporation (Nasdaq: HWC) announced a cash dividend of $0.27 per share for the second quarter of 2021. This dividend is payable on June 15, 2021 to shareholders of record as of June 7, 2021. The company continues to prioritize its commitment to shareholders while maintaining strong financial practices, as highlighted by its consistent recognition as one of America’s most financially sound banks by BauerFinancial, Inc.
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