Welcome to our dedicated page for Hancock Whitney Corporation news (Ticker: HWC), a resource for investors and traders seeking the latest updates and insights on Hancock Whitney Corporation stock.
Hancock Whitney Corporation (Nasdaq: HWC) is a Gulf South–focused commercial banking company and the parent of Hancock Whitney Bank, a full-service financial institution serving communities across Mississippi, Alabama, Florida, Louisiana, and Texas, with additional loan and deposit production offices in the greater Nashville and Atlanta metropolitan areas. The HWC news page on Stock Titan aggregates company announcements, earnings updates, and other corporate developments in one place.
Investors following Hancock Whitney news can review regular earnings releases, where the company reports net income, loan and deposit trends, asset quality metrics, capital ratios, and non-GAAP performance measures such as adjusted pre-provision net revenue and efficiency ratios. These releases are typically accompanied by conference call details and presentation materials referenced in Form 8-K filings.
Hancock Whitney’s news flow also includes board and capital actions, such as authorizations of stock buyback programs and declarations of quarterly dividends on its common stock. The company has highlighted its uninterrupted quarterly dividend record since 1967 and periodically announces new repurchase authorizations that allow it to buy back a portion of outstanding shares, subject to market conditions and regulatory requirements.
Beyond financial results and capital management, HWC news features leadership and organizational updates, including appointments to senior roles such as Chief Banking Officer, Director of Business Banking and SBA, and Director of Government Affairs. These announcements provide insight into how the company is organizing its business lines, advancing its organic growth strategy, strengthening digital capabilities, and managing relationships with governmental and regulatory stakeholders.
By monitoring Hancock Whitney news, readers can track developments in commercial and small business banking, private banking, trust and investment services, healthcare banking, and mortgage services across the company’s Gulf South footprint. Bookmark this page to access a chronological view of HWC press releases, conference call notices, and other material announcements relevant to shareholders and analysts.
Hancock Whitney Corporation (Nasdaq: HWC) reported third-quarter 2021 net income of $129.6 million, or $1.46 per diluted share, up from $88.7 million in Q2 2021. Key highlights include core loan growth of $219.7 million, though total loans decreased by $262.5 million due to PPP loan forgiveness. Deposits fell by $65 million, but noninterest-bearing deposits increased by $247 million. Asset quality improved, with nonperforming loans down 27%. The tangible common equity ratio rose to 7.85%, and management anticipates continued growth toward a 55% efficiency ratio by 2022.
Hancock Whitney Corporation (HWC) will release its third quarter 2021 financial results on October 19, 2021, post-market close. A conference call for analysts and investors is scheduled for 4:00 p.m. Central Time on the same day to discuss the results. The call will be accessible via a live webcast at Hancock Whitney’s investor relations site. A replay will be available until October 24, 2021. For further details on Hancock Whitney's financial products and services, visit www.hancockwhitney.com.
Hancock Whitney announced a $2.5 million commitment for recovery efforts following Hurricane Ida, which struck Southeast Louisiana on August 29, 2021.
40% of financial centers have reopened, with more opening daily. The bank is also providing $500,000 to New Orleans for infrastructure restoration and $200,000 in special grants for underserved communities. Additional contributions include $100,000 to Second Harvest Food Bank and $750,000 for distributing essential supplies.
Hancock Whitney Corporation (NASDAQ: HWC) provided operational updates post-Hurricane Ida, which hit Louisiana on August 29, 2021. The company activated recovery efforts immediately, ensuring all client-facing systems are fully operational. Despite some financial centers in Louisiana remaining closed due to outages, facilities in Mississippi, Alabama, Florida, and Texas resumed normal operations. Hancock Whitney emphasized its commitment to client safety and community support, with recovery plans built on lessons learned from previous storms.
Hancock Whitney Corporation (Nasdaq: HWC) has announced the approval of a third quarter 2021 cash dividend of $0.27 per share. This dividend will be payable on September 15, 2021, to shareholders on record as of September 7, 2021. The company's long-standing commitment to integrity, strength, and service has solidified its position in the financial sector, with a range of services in multiple states including Mississippi, Alabama, Florida, Louisiana, and Texas.
Hancock Whitney Corporation (Nasdaq: HWC) reported its second quarter 2021 financial results, posting a net income of $88.7 million, or $1.00 per diluted share, down from $107.2 million in Q1 2021. The bank faced a net loss of $117.1 million in Q2 2020 due to COVID-19 impacts. Key metrics include a 4% increase in pre-provision net revenue and a negative provision for credit losses of $17.2 million. Loans decreased by $516.3 million, while deposits rose by $62.6 million, attributed to pandemic-related funding. The tangible common equity ratio improved to 7.70%.
Hancock Whitney Corporation (Nasdaq: HWC) will announce its second quarter 2021 financial results on July 20, 2021, after market close. A conference call for analysts and investors will follow at 4:00 p.m. Central Time to review these results. The call can be accessed by dialing 866-270-1533 or 412-317-0797, with a live webcast available on their Investor Relations website. An audio archive will also be accessible until July 25, 2021. Hancock Whitney offers various financial services across multiple states.
Hancock Whitney Corporation announced the redemption of all its 5.95% Subordinated Notes due 2045 (the "2045 Notes"), totaling $150 million, at 100% principal plus accrued interest. This will incur one-time costs of approximately $4.2 million included in Q2 2021 results. The company anticipates annualized cost savings of about $9 million and a positive impact of 5 basis points on the net interest margin (NIM). The 2045 Notes will no longer trade on the Nasdaq Stock Market.
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.