Hancock Whitney Corporation Stock Price, News & Analysis

Hancock Whitney Corporation (Nasdaq: HWC) announced a cash dividend of $0.27 per share for the second quarter of 2021. This dividend is payable on June 15, 2021 to shareholders of record as of June 7, 2021. The company continues to prioritize its commitment to shareholders while maintaining strong financial practices, as highlighted by its consistent recognition as one of America’s most financially sound banks by BauerFinancial, Inc.

Hancock Whitney Corporation (Nasdaq: HWC) reported net income of $107.2 million ($1.21 per diluted share) for Q1 2021, up from $103.6 million in Q4 2020. The bank's pre-provision net revenue was $131.5 million, and it released $23.2 million from loan loss reserves. Nonperforming loans fell by 20%, reflecting improved asset quality. Deposits rose by $1.5 billion, largely due to pandemic-related funding. However, net interest margin declined to 3.09%, influenced by excess liquidity. The bank anticipates continued challenges in loan growth amid the economic climate.

Hancock Whitney Corporation (Nasdaq: HWC) will announce its first quarter 2021 financial results on April 20, 2021, after market closure. Management will conduct a conference call at 4:00 p.m. Central Time on the same day to discuss the results. Investors can access a live webcast through Hancock Whitney's Investor Relations page. A replay will be available until April 25, 2021. Hancock Whitney offers a wide range of financial services across various states and is recognized as one of America’s most financially sound banks by BauerFinancial, Inc.

Hancock Whitney Corporation (Nasdaq: HWC) has declared a regular first quarter 2021 cash dividend of $0.27 per share. This dividend is payable on March 15, 2021 to shareholders of record as of March 8, 2021. The company maintains a strong financial reputation, with BauerFinancial, Inc. recommending it as one of America's most financially sound banks. Hancock Whitney offers a diverse range of financial services across multiple states, emphasizing integrity and commitment.

Hancock Whitney Corporation (HWC) reported a net income of $103.6 million for Q4 2020, up 31% from Q3 2020's $79.4 million. Fourth quarter EPS rose to $1.17 from $0.90 in Q3 and $1.03 in Q4 2019. Key highlights included a tax strategy boosting earnings by $0.21 per share, stable net interest margin at 3.22%, and a strong allowance for credit losses at 2.20%. Loans decreased by $450 million due to PPP loan forgiveness, while deposits increased by $667 million. Asset quality improved, with nonperforming loans down 20% linked-quarter.

Hancock Whitney Corporation (HWC) will release its fourth quarter 2020 financial results on January 20, 2021, after market closure. Following the announcement, a conference call for analysts and investors is scheduled at 4:00 p.m. Central Time to discuss the results. Interested parties can access a live webcast through Hancock Whitney’s Investor Relations webpage. A replay will be available until January 25, 2021. The company, which operates in multiple states with a range of financial services, is recognized for its financial soundness by BauerFinancial, Inc.

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%).