Hancock Whitney Corporation Stock Price, News & Analysis

Hancock Whitney Corporation (NASDAQ: HWC) has announced a regular second quarter 2022 cash dividend of $0.27 per share. The dividend will be payable on June 15, 2022, with shareholders of record as of June 6, 2022. This marks an uninterrupted quarterly dividend payment since 1967, highlighting the company's commitment to returning value to its shareholders.

Hancock Whitney Corporation (Nasdaq: HWC) reported a net income of $123.5 million, or $1.40 per diluted share for Q1 2022, down from $137.7 million, or $1.55 per share in Q4 2021. Core loan growth increased by $385.3 million, up 8% linked-quarter annualized, despite $196.2 million in PPP loan forgiveness. Total deposits slightly rose to $30.5 billion. Noninterest income decreased by 7% to $83.4 million. The company expects core loan growth of 6-8% for 2022. The CET1 ratio increased to 11.12%, highlighting solid capital levels.

Hancock Whitney Corporation (HWC) will announce its Q1 2022 financial results on April 19, 2022, after market close. A conference call for analysts and investors is scheduled for 4:00 p.m. Central Time on the same day. Participants can join via phone at 844-200-6205 or 646-904-5544 with access code 191325. A live webcast will be available in the Investor Relations section of their website. The audio archive can be accessed until April 26, 2022. This announcement marks an important event for shareholders and stakeholders.

Hancock Whitney Corporation (NASDAQ: HWC) announced plans to eliminate consumer non-sufficient funds (NSF) fees and certain overdraft fees by year-end 2022. Changes include the removal of sustained overdraft fees and an increase in the overdraft balance threshold to assist customers. These modifications aim to reduce service charges on deposit accounts by approximately $10-$11 million annually. Additionally, the bank launched 'Early Pay' in March 2022, allowing customers early access to direct-deposited payroll, and plans to introduce a no-overdraft fee account called 'Assure Checking' later this year.

Hancock Whitney has announced a strategic partnership with Cetera Financial Group to elevate its broker-dealer and investment advisory services. Hancock Whitney Investment Services, Inc. will transition its client services to operate as “Hancock Whitney Financial Consultants” under Cetera, pending regulatory approval. This move aims to enhance client experiences and expand product offerings. The transition is expected to take place in the second half of 2022. The company retains its trust and asset management division, which manages $10 billion in assets.

Hancock Whitney Corporation (HWC) has declared a $0.27 cash dividend per share for the first quarter of 2022. This dividend is payable on March 15, 2022, with a record date of March 4, 2022. The company has maintained uninterrupted quarterly dividends since 1967, reflecting financial stability and commitment to shareholder returns.

Hancock Whitney Corporation (Nasdaq: HWC) reported a strong fourth quarter of 2021, with net income reaching $137.7 million ($1.55 EPS), up from $129.6 million ($1.46 EPS) the previous quarter. Excluding nonoperating items, EPS improved by $0.06 QoQ. Core loan growth was robust at $652.5 million, leading to a total loan increase of $248.3 million. Total deposits increased by $1.3 billion. PPNR totaled $134.2 million, and the company achieved an annual EPS of $5.22, rebounding from losses in 2020. Confidence in 2022 remains strong, despite slight NIM compression and a flat deposit outlook.

Hancock Whitney Corporation (HWC) will announce its fourth quarter 2021 financial results on January 18, 2022, after market close. A conference call for analysts and investors will take place at 4:00 p.m. CT the same day. The call can be accessed via a live webcast. An archive of the call will also be available until January 25, 2022.