Hancock Whitney Corporation reports developments tied to its regional banking franchise, financial performance and capital returns. The company is the parent of Hancock Whitney Bank, a full-service institution serving communities across the greater Gulf South through offices and financial centers in Mississippi, Alabama, Florida, Louisiana and Texas, with loan and deposit production offices in the Nashville and Atlanta metropolitan areas.
Recurring news includes quarterly earnings, loan and deposit trends, fee income from service charges and card activity, capital ratios, securities portfolio actions, dividend declarations and leadership changes. Company updates also describe traditional and online banking, commercial and small business banking, private banking, trust and investment services, healthcare banking and mortgage services.
Hancock Whitney Corporation (NASDAQ: HWC) announced a first-quarter 2023 common stock cash dividend of $0.30 per share, reflecting an 11% increase from the prior period. This dividend will be payable on March 15, 2023, to shareholders on record as of March 6, 2023. Additionally, the company authorized a new stock buyback program, allowing the repurchase of up to 4,297,000 shares (approximately 5% of outstanding shares) before its expiration on December 31, 2024. This replaces the previous program and aims to enhance shareholder value.
Hancock Whitney Corporation (Nasdaq: HWC) reported a net income of $143.8 million for Q4 2022, translating to $1.65 per diluted share, up from $135.4 million in Q3 2022. The pre-provision net revenue (PPNR) increased by 6% to $185 million. Total loans grew by $528.5 million (9% linked-quarter), while deposits rose by $119.1 million (2% linked-quarter). The net interest margin (NIM) improved to 3.68%, and criticized commercial loans and nonperforming loans remained historically low. However, noninterest income declined by 10% due to reduced service charges and secondary mortgage fees. Management forecasts modest loan and deposit growth for 2023.
Hancock Whitney Corporation (NASDAQ: HWC) is set to announce its fourth quarter 2022 financial results on January 17, 2023, following market closure. A conference call for analysts and investors will take place at 4:00 p.m. Central Time on the same day. Interested parties can listen live via the company's Investor Relations website. The call will include a Q&A segment, accessible by dialing designated phone numbers. A replay will be available until January 24, 2023.
Hancock Whitney Corporation (NASDAQ: HWC) has declared a fourth-quarter 2022 cash dividend of $0.27 per share, payable on December 15, 2022 to shareholders on record as of December 5, 2022. The company has maintained an uninterrupted quarterly dividend since 1967, reflecting its stability and commitment to returning value to shareholders.
Hancock Whitney Corporation (Nasdaq: HWC) reported a net income of $135.4 million or $1.55 per diluted share for Q3 2022, up from $121.4 million or $1.38 in Q2 2022. PPNR was $174.7 million, a 19% increase linked-quarter. Loan growth reached $739.5 million, while deposits decreased by $915.2 million or 12%. The net interest margin increased by 50 basis points to 3.54%. Despite a slight rise in criticized commercial loans, nonperforming loans remained low. The CET1 ratio was up to 11.12%. The company repurchased 50,000 shares during the quarter as part of its ongoing buyback program.
Hancock Whitney Corporation (HWC) is set to announce its third quarter 2022 financial results on October 18, 2022, after market close. Management will conduct a conference call at 4:00 p.m. CT to discuss these results. Investors can access the call via a live webcast on the company's website and participate in the Q&A by dialing the provided numbers. A replay will be available until October 25, 2022.
Hancock Whitney Corporation (NASDAQ: HWC) announced a regular third quarter 2022 cash dividend of $0.27 per share. This dividend is payable on September 15, 2022, to shareholders recorded by September 6, 2022. The company has maintained an uninterrupted quarterly dividend since 1967, reflecting its commitment to returning value to shareholders.
Hancock Whitney Corporation (Nasdaq: HWC) reported a net income of $121.4 million for Q2 2022, down slightly from $123.5 million in Q1 2022, but up from $88.7 million in Q2 2021. The company achieved a 9% growth in pre-provision net revenue (PPNR) and core loan growth of 13%. Despite an 8% decrease in deposits, the net interest margin improved to 3.04%. The allowance for credit losses decreased, indicating stronger asset quality with nonperforming loans down 11%. A share repurchase program remains active, with 1.6 million shares repurchased to date.
Hancock Whitney Corporation (NASDAQ: HWC) is set to announce its second quarter 2022 financial results on July 19, 2022, after market close. A conference call for analysts and investors will be held at 4:00 p.m. CT on the same day to discuss these results. Investors can access a live webcast on their website. A replay of the call will be available until July 26, 2022. Hancock Whitney has a strong presence in Mississippi, Alabama, Florida, Louisiana, and Texas, offering various financial services.
Hancock Whitney Corporation (NASDAQ: HWC) announced its participation in the Nasdaq Opening Bell Ceremony scheduled for Monday, May 16, 2022. The event will take place at the Nasdaq MarketSite in Times Square, where President & CEO John Hairston will lead the ceremony along with the company’s Board of Directors and executive management. Viewers can watch the livestream on Facebook or via the Nasdaq website. Hancock Whitney is recognized for its values of honor, integrity, and stability, offering a range of financial services across multiple states.