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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.
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 (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.
Hancock Whitney Bank announced the retirement of Joy Lambert Phillips, Senior Executive Vice President and Chief Legal Officer, effective September 6, 2024. Phillips has been with the company for over 25 years and has played a important role in its growth and governance. Her successor, Nita Kuhner, will take over as General Counsel and Corporate Secretary.
Phillips has had a distinguished 40-year career in financial services law, joining Hancock Bank in 1999. She was instrumental in the Hancock Bank and Whitney National Bank merger in 2011. Her leadership extended beyond the company, serving on various legal committees and receiving numerous accolades, including the 2010 Chief Justice Award and the 2013 Mississippi Center for Justice 'Champion of Justice' award.
Hancock Whitney (Nasdaq: HWC) has announced a regular third quarter 2024 common stock cash dividend of $0.40 per share. The dividend is payable on September 16, 2024 to shareholders of record as of September 5, 2024. This announcement continues the company's long-standing tradition of paying uninterrupted quarterly dividends since 1967, demonstrating a strong commitment to shareholder returns and financial stability. The consistency in dividend payments over nearly six decades highlights Hancock Whitney's resilience and ability to generate steady cash flows across various economic cycles.
Hancock Whitney (Nasdaq: HWC) reported Q2 2024 earnings of $114.6 million, or $1.31 per diluted share, up from $108.6 million, or $1.24 per share in Q1 2024. Key highlights include:
- Net interest margin increased to 3.37%, up 5 bps from Q1
- Loans decreased by $59.3 million, or 1% linked quarter annualized (LQA)
- Deposits decreased by $575.2 million, or 8% LQA
- Efficiency ratio improved to 56.18%, down 26 bps linked-quarter
- CET1 ratio estimated at 13.25%, up 60 bps linked-quarter
The company maintained a solid allowance for credit losses (ACL) coverage of 1.43% and resumed share buybacks during the quarter. Management expects 2024 period-end loan and deposit levels to be flat to slightly down from year-end 2023.
Hancock Whitney (Nasdaq: HWC) will release its second quarter 2024 financial results on Tuesday, July 16, 2024, after the market closes. The company's management will host a conference call for analysts and investors at 3:30 p.m. Central Time the same day to discuss the results.
The call will be webcast live on the Investor Relations section of Hancock Whitney's website. Participants can join the Q&A session by dialing specific numbers provided in the PR. Additionally, an audio archive of the call will be available on the company's website, and a replay can be accessed by phone through July 23, 2024.
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