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 (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.
This resource aggregates essential updates including earnings reports, strategic initiatives, and regulatory filings. Users gain efficient access to verified information supporting informed analysis of HWC's market position and operational developments.
The news collection covers key areas such as merger activity, leadership changes, product launches, and community investment programs. Content is curated to address both institutional priorities and retail shareholder interests.
Bookmark this page for streamlined tracking of HWC's financial performance and corporate announcements. Regular updates ensure stakeholders maintain current perspectives on this established regional banking institution.
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.
Hancock Whitney Corporation (HWC) announced the sale of $497 million in energy loans to Oaktree Capital Management, anticipating $257.5 million in proceeds. The loans, affected by the energy sector's ongoing issues and COVID-19, were reclassified as held for sale as of June 30, 2020. A special credit loss provision of $160.1 million will be reported in Q2 earnings, leading to a net loss of $117.1 million for the quarter. The move aims to de-risk the loan portfolio and may enhance asset quality metrics.
Hancock Whitney Corporation (Nasdaq: HWC) is set to release its second quarter 2020 financial results on July 21, 2020, after market closure. A conference call for analysts and investors will follow at 4:00 p.m. Central Time on the same day to discuss these results. Interested parties can listen via a webcast on the company’s Investor Relations page. A replay will be available until July 28, 2020. Hancock Whitney offers a range of financial services and has been recognized as one of America’s most financially sound banks by BauerFinancial.
Hancock Whitney Corporation (Nasdaq: HWC) has priced an offering of $150 million in 6.25% Subordinated Notes due 2060, expected to trade on Nasdaq under ticker "HWCPZ." The offering will close on June 2, 2020, pending customary conditions. The Notes are intended as Tier 2 regulatory capital, with net proceeds anticipated at approximately $172.5 million if underwriters fully exercise their purchase option. Major financial entities, including Morgan Stanley and BofA Securities, are joint book-runners. Investors are advised to read the SEC registration statement for detailed information.
Hancock Whitney Corporation (Nasdaq: HWC) has approved a regular second quarter 2020 cash dividend of $0.27 per share. This dividend is scheduled to be paid on June 15, 2020, to shareholders who are on record as of June 5, 2020.
The bank, which operates in multiple states, is recognized for its strong financial standing and comprehensive banking services.
Hancock Whitney has facilitated over $2.4 billion in loans for more than 12,000 businesses through the Paycheck Protection Program. Approximately 67% of these loans are below $100,000, with 88% under $350,000, primarily aiding smaller enterprises in the Gulf South region. The bank's efforts helped sustain local economies during the COVID-19 pandemic, with more than 13% of businesses it serves applying for these loans.
