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Hancock Whitney Corporation (HWC) provides investors and financial professionals with timely updates through its centralized news hub. As a regional banking leader with over a century of service across Mississippi, Alabama, and Florida, HWC delivers comprehensive financial solutions ranging from commercial lending to digital banking innovations.
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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.
Hancock Whitney Corporation (Nasdaq: HWC) reported net income of $107.2 million ($1.21 per diluted share) for Q1 2021, up from $103.6 million in Q4 2020. The bank's pre-provision net revenue was $131.5 million, and it released $23.2 million from loan loss reserves. Nonperforming loans fell by 20%, reflecting improved asset quality. Deposits rose by $1.5 billion, largely due to pandemic-related funding. However, net interest margin declined to 3.09%, influenced by excess liquidity. The bank anticipates continued challenges in loan growth amid the economic climate.
Hancock Whitney Corporation (Nasdaq: HWC) will announce its first quarter 2021 financial results on April 20, 2021, after market closure. Management will conduct a conference call at 4:00 p.m. Central Time on the same day to discuss the results. Investors can access a live webcast through Hancock Whitney's Investor Relations page. A replay will be available until April 25, 2021. Hancock Whitney offers a wide range of financial services across various states and is recognized as one of America’s most financially sound banks by BauerFinancial, Inc.
Hancock Whitney Corporation (Nasdaq: HWC) has declared a regular first quarter 2021 cash dividend of $0.27 per share. This dividend is payable on March 15, 2021 to shareholders of record as of March 8, 2021. The company maintains a strong financial reputation, with BauerFinancial, Inc. recommending it as one of America's most financially sound banks. Hancock Whitney offers a diverse range of financial services across multiple states, emphasizing integrity and commitment.
Hancock Whitney Corporation (HWC) reported a net income of $103.6 million for Q4 2020, up 31% from Q3 2020's $79.4 million. Fourth quarter EPS rose to $1.17 from $0.90 in Q3 and $1.03 in Q4 2019. Key highlights included a tax strategy boosting earnings by $0.21 per share, stable net interest margin at 3.22%, and a strong allowance for credit losses at 2.20%. Loans decreased by $450 million due to PPP loan forgiveness, while deposits increased by $667 million. Asset quality improved, with nonperforming loans down 20% linked-quarter.
Hancock Whitney Corporation (HWC) will release its fourth quarter 2020 financial results on January 20, 2021, after market closure. Following the announcement, a conference call for analysts and investors is scheduled at 4:00 p.m. Central Time to discuss the results. Interested parties can access a live webcast through Hancock Whitney’s Investor Relations webpage. A replay will be available until January 25, 2021. The company, which operates in multiple states with a range of financial services, is recognized for its financial soundness by BauerFinancial, Inc.
