Hancock Whitney Corporation Stock Price, News & Analysis

Hancock Whitney (HWC) has scheduled its first quarter 2025 financial results announcement for Tuesday, April 15, 2025, after market close. The company will host a conference call for analysts and investors at 3:30 p.m. Central Time on the same day.

Interested parties can access the live webcast through the Investor Relations section of Hancock Whitney's website. For those wishing to participate in the Q&A session, dial-in numbers are provided: 800-715-9871 or 646-307-1963 (access code: 6506941). A replay will be available through April 22, 2025, accessible via 800-770-2030 or 609-800-9909 (access code: 6506941).

Hancock Whitney (HWC) reported Q4 2024 net income of $122.1 million, or $1.40 per diluted share, up from $115.6 million ($1.33 EPS) in Q3 2024. Key highlights include:

- Total loans decreased to $23.3 billion, down $156.1 million (3% linked-quarter annualized)
- Deposits increased by $509.9 million to $29.5 billion (7% linked-quarter annualized)
- Net interest margin improved to 3.41%, up 2 basis points
- Efficiency ratio at 54.46%
- CET1 ratio estimated at 14.14%, with total risk-based capital ratio near 16%

The company repurchased 150,000 shares at an average price of $52.50 during Q4 2024. Management expects 2025 period-end loan balances to grow mid-single digits and deposits to increase low-single digits from year-end 2024 levels.

Hancock Whitney (HWC) has announced that its bank subsidiary will acquire Sabal Trust Company, a non-depository trust company based in St. Petersburg, Florida. The strategic acquisition aims to expand Hancock Whitney's wealth and asset management presence in the high-growth Florida market, particularly in the Tampa and Orlando metropolitan areas.

Sabal Trust Company generated revenues of $22.1 million in 2024 and managed approximately $3 billion in assets as of December 31, 2024. The transaction is expected to close in Q2 2025, subject to regulatory approvals. While financial terms weren't disclosed, the acquisition is projected to be immediately accretive to GAAP EPS (excluding one-time costs) and meets the company's minimum thresholds for Internal Rate of Return and Return on Invested Capital.

Hancock Whitney (Nasdaq: HWC) has scheduled its fourth quarter 2024 financial results announcement for Tuesday, January 21, 2025, after market close. The company will host a conference call at 3:30 p.m. Central Time on the same day for analysts and investors to review the results.

A live listen-only webcast will be available on the company's investor relations website. For those wanting to participate in the Q&A session, dial-in numbers are provided. An audio archive and replay will be accessible through January 28, 2025.

Hancock Whitney (Nasdaq: HWC) has announced a new stock buyback program authorized by its Board of Directors. The program allows the company to repurchase up to 5% of outstanding common stock as of December 31, 2024. This new initiative will replace the current buyback program expiring December 31, 2024. The new program will be effective from January 1, 2025 through December 31, 2026. Shares may be repurchased through various methods including open market, block purchases, accelerated share repurchase plans, or private negotiations, subject to market conditions and SEC regulations. The Board retains the right to terminate or amend the program before its expiration.

Hancock Whitney (Nasdaq: HWC) has appointed Moses Feagin to its board of directors, effective November 15, 2024. Feagin, currently Executive Vice President, Treasurer, and CFO of Alabama Power, brings 35 years of utility industry experience to the financial institution. He oversees finance, accounting, treasury, and regulatory affairs at Alabama Power, a Southern Company subsidiary. The appointment comes as Hancock Whitney, rated among America's strongest financial institutions by BauerFinancial, Inc., celebrates its 125th anniversary.

Hancock Whitney (Nasdaq: HWC) has declared a regular fourth quarter 2024 common stock cash dividend of $0.40 per share. The dividend will be paid on December 16, 2024, to shareholders of record as of December 5, 2024. The company highlights its consistent dividend payment history, having maintained uninterrupted quarterly dividends since 1967.

Hancock Whitney (Nasdaq: HWC) reported its financial results for the third quarter of 2024. Net income totaled $115.6 million, or $1.33 per diluted common share, compared to $114.6 million, or $1.31 per share, in Q2 2024. Key highlights include:

- Pre-provision net revenue (PPNR) increased to $166.5 million
- Loans decreased by $456 million, or 8% linked quarter annualized (LQA)
- Deposits decreased by $218 million, or 3% LQA
- Net interest margin (NIM) improved to 3.39%, up 2 bps
- CET1 ratio estimated at 13.79%, up 54 bps
- Efficiency ratio improved to 54.42%, down 176 bps

The company maintained a solid allowance for credit losses (ACL) coverage at 1.46%. Management expects 2024 period-end loan and deposit balances to be flat to slightly down from year-end 2023 levels.

Hancock Whitney (Nasdaq: HWC) has announced it will release its third quarter 2024 financial results on Tuesday, October 15, 2024, after market close. The company will host a conference call for analysts and investors at 3:30 p.m. Central Time on the same day to discuss the results.

A live listen-only webcast of the call will be available on the Investor Relations section of Hancock Whitney's website. For those wishing to participate in the Q&A portion, dial-in details are provided. An audio archive of the conference call will be accessible on the company's website, and a replay will be available through October 22, 2024, via phone.