Hancock Whitney, Corp. (HWC) has announced an increase in its quarterly dividend. The company declared a quarterly cash dividend of 40 cents per share, marking a jump of 33.3% from the prior payout. The dividend will be paid out on Jun 14 to shareholders of record as of Jun 5.The company has increased its dividend twice during the last five years. Prior to the recent hike, HWC increased its dividend by 11.1% to 30 cents per share in January 2023. Also, the company has a five-year annualized dividend growth ...

Hancock Whitney Corp.’s (HWC) first-quarter 2024 adjusted earnings per share of $1.28 beat the Zacks Consensus Estimate of $1.18. However, the bottom line compared unfavorably with the $1.45 registered in the year-ago quarter.The results were aided by an increase in non-interest income. Also, marginally higher loan balances were a tailwind. However, a decline in net interest income (NII), and higher expenses and provisions were the undermining factors.After considering a revision to the FDIC Special Assessm ...

Financial Data and Key Metrics Changes - The reported net income for Q1 2024 was $109 million, or $1.24 per share, with an adjusted net income of $112 million, or $1.28 per share after accounting for a special FDIC assessment [28][29] - Net interest margin (NIM) expanded by 5 basis points to 3.32%, despite a decrease in net interest income (NII) due to lower average earning assets [28][29] - Total deposit costs increased by 8 basis points to 2.01%, with expectations of stabilization in the coming quarters [29][30] Business Line Data and Key Metrics Changes - Loan growth was modest, primarily driven by mortgage lending, as the company focused on granular full relationship loans rather than large loan-only relationships [25][28] - Fee income remained flat, benefiting from strong activity in investment and annuity income [14][28] - The company maintained a solid reserve of 1.42%, slightly up from the previous quarter, indicating a proactive approach to credit quality [9][28] Market Data and Key Metrics Changes - The company reported a deposit growth of $86 million, with client deposits increasing by $281 million when excluding brokered deposits [9][28] - The mix of deposits saw a decline in non-interest-bearing deposits, which decreased from 37% to 36% of total deposits, although the pace of decline has slowed [29][99] Company Strategy and Development Direction - The company aims to reposition its balance sheet and maintain profitability while navigating the evolving economic environment [10][24] - There is a focus on reducing reliance on non-relationship credits and increasing core relationships to enhance fee income [25][117] - The company is considering potential resumption of share buybacks and dividend adjustments later in the year, depending on capital management strategies [31][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current economic environment, anticipating modest NIM expansion and potential rate cuts later in the year [30][31] - The company remains vigilant regarding credit quality, with no significant weakening observed in specific portfolio sectors or geographies [9][28] - Management noted that any potential rate cuts could provide a tailwind for loan growth and NIM improvement in the second half of the year [30][31] Other Important Information - The company has not updated its guidance for the quarter, maintaining expectations for modest NIM expansion and continued focus on cost control [10][14] - The bond portfolio restructuring is expected to yield further improvements in earnings as cash flows are reinvested at higher rates [12][30] Q&A Session Summary Question: Can you provide more details on the increase in nonperformers and criticized assets? - Management noted that criticized and non-accrual loans remain at historically low levels, with the increase attributed to a few larger credits facing temporary challenges [36][38] Question: What is the outlook for loan growth given the current economic conditions? - Management expressed optimism for loan growth in the back half of the year, driven by pent-up demand and potential rate cuts, despite acknowledging macroeconomic headwinds [44][67] Question: How do you view the current state of your capital ratios and potential for buybacks? - The company indicated strong capital ratios and a willingness to consider buybacks and dividend adjustments based on future performance and market conditions [31][50] Question: What are the expectations for deposit costs and their impact on NIM? - Management expects deposit costs to stabilize, with potential benefits from CD maturities and rate cuts in the latter half of the year [29][30]

Hancock Whitney (HWC) reported $354.02 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.1%. EPS of $1.28 for the same period compares to $1.45 a year ago.The reported revenue represents a surprise of +0.25% over the Zacks Consensus Estimate of $353.15 million. With the consensus EPS estimate being $1.18, the EPS surprise was +8.47%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...

Hancock Whitney (HWC) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.47%. A quarter ago, it was expected that this holding company of Whitney Bank and Hancock Bank would post earnings of $1.15 per share when it actually produced earnings of $1.26, delivering a surprise of 9.57%.Ove ...

*Non-GAAP measure: see appendix for non-GAAP reconciliation **Most recent quarter-end regulatory capital ratios preliminary until finalization of our regulatory filings ► Increase in mortgage loans driven by one-time close product, which convert from construction to mortgage upon construction completion 38.3% 39.9% 41.4% 42.7%41.6%40.9% 40.9% 41.3% 35.0% 40.0% 45.0% 50.0% 1Q212Q213Q214Q211Q222Q223Q224Q221Q232Q233Q234Q231Q24 ►Conservative underwriting in both type and structure – Diverse industry concentrati ...

Consistent with the provisions of subpart 229.1400 of the Securities and Exchange Commission's Regulation S-K, "Disclosures by Bank and Savings and Loan Registrants," the company presents net interest income, net interest margin and efficiency ratios on a fully taxable equivalent ("TE") basis. The TE basis adjusts for the tax-favored status of net interest income from certain loans and investments using the statutory federal tax rate to increase taxexempt interest income to a taxable equivalent basis. The c ...

Wall Street analysts forecast that Hancock Whitney (HWC) will report quarterly earnings of $1.18 per share in its upcoming release, pointing to a year-over-year decline of 18.6%. It is anticipated that revenues will amount to $353.15 million, exhibiting a decline of 3.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed ...

The market expects Hancock Whitney (HWC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 16, 2024, might help the stock move higher if these key numbers are ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-36872 HANCOCK WHITNEY CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) th Hanc ...