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.
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.
Hancock Whitney Corporation has announced a regular cash dividend of $0.27 per share for the fourth quarter of 2020. This dividend will be payable on December 15, 2020, to shareholders recorded as of December 4, 2020. The company has a long-standing history of uninterrupted quarterly dividends since 1967, underscoring its commitment to shareholder returns. Hancock Whitney operates across Mississippi, Alabama, Florida, Louisiana, and Texas, providing a wide range of financial services.
Hancock Whitney Corporation (Nasdaq: HWC) has appointed Suzette Kent as a new director effective October 22, 2020. Kent, a former Federal Chief Information Officer, brings extensive experience in business transformation and technology management from previous roles at JP Morgan, Ernst & Young, and Accenture. Chairman Jerry L. Levens highlighted her background in complex, regulated environments as a key asset. Kent will stand for election at the company’s 2021 annual meeting of shareholders, potentially influencing the bank's strategic direction and governance.
Hancock Whitney Corporation (Nasdaq: HWC) reported a net income of $79.4 million for Q3 2020, or $0.90 per diluted share. This is a significant recovery from a net loss of $117.1 million in Q2 2020. The improvement is attributed to effective de-risking strategies and a normalized provision for credit losses of $25 million. The CET1 ratio rose to 10.29%, reflecting stronger capital levels. However, total loans decreased by $388 million, primarily due to limited demand amid the pandemic. Nonperforming loans declined by $13 million (7%) but criticized loans rose by $64 million (18%).
Hancock Whitney Corporation (Nasdaq: HWC) has announced a third quarter 2020 cash dividend of $0.27 per share, approved by the board of directors. This dividend is payable on September 15, 2020, to shareholders who are on record by September 8, 2020. The company is recognized for its strong financial stability and offers a range of financial services across several states. Hancock Whitney has been consistently rated as one of America's most financially sound banks by BauerFinancial, Inc.
Hancock Whitney Corporation (Nasdaq: HWC) reported a net loss of $117.1 million, or ($1.36) EPS, for Q2 2020, significantly impacted by a $306.9 million provision for credit losses. This included $160 million related to the sale of $497 million in energy loans. The company’s pre-provision net revenue was $118.5 million, up 2.4% from the prior quarter, and total deposits increased by $2.3 billion. The CET1 ratio stood at 9.77%. The results highlight ongoing efforts to de-risk the balance sheet amidst COVID-19 challenges.
FAQ
What is the current stock price of Hancock Whitney Corporation (HWC)?
What is the market cap of Hancock Whitney Corporation (HWC)?
What services does Hancock Whitney Corporation offer?
Where are Hancock Whitney's locations?
Is Hancock Whitney an equal opportunity employer?
What is the significance of Hancock Whitney's core values?
Does Hancock Whitney offer investment advisory services?
What type of loans does Hancock Whitney provide?
Can individuals access Hancock Whitney's services?
What distinguishes Hancock Whitney from other financial institutions?
Are there online banking options available at Hancock Whitney?
How does Hancock Whitney support small businesses?
