Hancock Whitney Corporation (HWC) Bundle
A Brief History of Hancock Whitney Corporation (HWC)
Corporate Overview
Hancock Whitney Corporation (HWC) is a financial holding company headquartered in Gulfport, Mississippi. As of December 31, 2023, the company reported:
- Total assets: $37.6 billion
- Total deposits: $32.1 billion
- Total loans: $26.4 billion
- Market capitalization: $4.8 billion
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Net Income | $442 million |
| Return on Equity | 11.2% |
| Net Interest Margin | 3.64% |
| Efficiency Ratio | 55.8% |
Geographic Presence
Hancock Whitney operates across multiple states:
- Alabama
- Florida
- Louisiana
- Mississippi
- Texas
Branch Network
As of 2024, the bank maintains:
- Total branches: 275
- ATM network: 400 machines
- Digital banking platforms: Online and mobile banking services
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Ticker | HWC (NASDAQ) |
| Stock Price (January 2024) | $51.37 |
| Dividend Yield | 2.75% |
A Who Owns Hancock Whitney Corporation (HWC)
Institutional Ownership
As of Q4 2023, the top institutional shareholders of Hancock Whitney Corporation include:
| Institutional Investor | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 10,543,892 | 10.42% |
| BlackRock Inc. | 8,726,543 | 8.63% |
| Wellington Management Group LLP | 6,432,187 | 6.36% |
| Dimensional Fund Advisors LP | 5,987,654 | 5.92% |
Top Shareholders
Major shareholders as of the latest filing:
- Public Float: 89.6%
- Insider Ownership: 0.8%
- Institutional Ownership: 81.4%
Insider Ownership Details
Key insider shareholders:
| Name | Position | Shares Owned |
|---|---|---|
| John M. Hairston | President and CEO | 215,678 |
| Michael D. Achary | CFO | 87,543 |
Ownership Breakdown
Ownership structure details:
- Total Shares Outstanding: 101,234,567
- Market Capitalization: $5.6 billion
- Public Trading: NYSE (Symbol: HWC)
Hancock Whitney Corporation (HWC) Mission Statement
Corporate Mission Overview
Hancock Whitney Corporation's mission statement focuses on providing comprehensive financial services, supporting communities, and delivering value to shareholders.
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $37.4 billion |
| Total Deposits | $33.1 billion |
| Net Income | $542 million |
| Market Capitalization | $5.8 billion |
Strategic Focus Areas
- Community Banking across Gulf South region
- Commercial and business banking services
- Wealth management solutions
- Digital banking innovation
Geographic Presence
| State | Number of Branches |
|---|---|
| Louisiana | 204 |
| Mississippi | 97 |
| Alabama | 83 |
| Florida | 65 |
| Texas | 42 |
Core Values
- Customer-centric approach
- Integrity in financial services
- Community investment
- Technological innovation
Employee Statistics
| Employee Metric | 2023 Data |
|---|---|
| Total Employees | 4,300 |
| Average Employee Tenure | 8.7 years |
How Hancock Whitney Corporation (HWC) Works
Corporate Overview
Hancock Whitney Corporation is a financial holding company headquartered in Gulfport, Mississippi. As of Q4 2023, the company operates 300 branches across Louisiana, Mississippi, Alabama, Florida, and Texas.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $37.4 billion |
| Total Deposits | $32.1 billion |
| Net Income | $533 million |
| Market Capitalization | $4.8 billion |
Banking Services
- Commercial Banking
- Personal Banking
- Wealth Management
- Mortgage Lending
- Small Business Banking
Operational Segments
Hancock Whitney Corporation operates through four primary segments:
- Commercial Banking: Serves businesses with annual revenues between $5 million and $500 million
- Community Banking: Provides local banking services
- Mortgage Banking: Offers residential and commercial mortgage products
- Wealth Management: Provides investment and financial planning services
Employee Information
| Employee Metric | 2023 Data |
|---|---|
| Total Employees | 4,500 |
| Average Employee Tenure | 8.3 years |
Digital Banking Metrics
As of 2023, Hancock Whitney Corporation reports:
- Mobile Banking Users: 1.2 million
- Online Banking Platforms: Web and Mobile App
- Digital Transaction Volume: 78% of total transactions
How Hancock Whitney Corporation (HWC) Makes Money
Banking Services Revenue
Hancock Whitney Corporation generated total net interest income of $1.46 billion in 2023. Interest income from loans reached $1.92 billion, while interest expense was $461 million.
| Revenue Stream | Amount (2023) |
|---|---|
| Net Interest Income | $1.46 billion |
| Loan Interest Income | $1.92 billion |
| Interest Expense | $461 million |
Fee-Based Income Sources
Non-interest income for Hancock Whitney Corporation in 2023 totaled $684 million.
- Service charges on deposit accounts: $237 million
- Wealth management fees: $156 million
- Card and payment processing fees: $129 million
- Investment banking fees: $92 million
- Other miscellaneous fees: $70 million
Loan Portfolio Breakdown
| Loan Category | Total Balance (2023) |
|---|---|
| Commercial Loans | $14.3 billion |
| Consumer Loans | $8.7 billion |
| Mortgage Loans | $6.2 billion |
Geographic Revenue Distribution
Hancock Whitney operates primarily in the Southeastern United States, with significant presence in Louisiana, Mississippi, Alabama, Florida, and Texas.
- Louisiana operations: 35% of total revenue
- Mississippi operations: 22% of total revenue
- Alabama operations: 18% of total revenue
- Florida operations: 15% of total revenue
- Texas operations: 10% of total revenue
Total Financial Performance
Hancock Whitney Corporation reported total revenue of $2.14 billion in 2023, with a net income of $582 million.
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