Hancock Whitney Corporation (HWC) Bundle
An Overview of Hancock Whitney Corporation (HWC)
General Summary of Hancock Whitney Corporation
Hancock Whitney Corporation (HWC) is a financial holding company headquartered in Gulfport, Mississippi. Founded through a merger in 2019 between Hancock Bank and Whitney Bank, the company provides comprehensive financial services across the Southeastern United States.
Headquarters Location | Gulfport, Mississippi |
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Total Assets | $37.3 billion (Q4 2023) |
Number of Branches | 275 locations |
States of Operation | Alabama, Florida, Louisiana, Mississippi, Tennessee |
Financial Performance
Hancock Whitney Corporation reported the following key financial metrics for the fiscal year 2023:
- Net Income: $546 million
- Total Revenue: $1.58 billion
- Net Interest Income: $1.13 billion
- Loan Portfolio: $28.6 billion
- Deposit Base: $33.2 billion
Financial Metric | 2023 Performance |
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Return on Equity (ROE) | 11.2% |
Net Interest Margin | 3.87% |
Efficiency Ratio | 57.3% |
Industry Leadership
Hancock Whitney Corporation ranks among the top 40 banks in the United States, with a strong regional presence in the Southeastern market.
- Market Capitalization: $5.6 billion
- Stock Exchange Listing: NASDAQ (HWC)
- Credit Rating: Investment Grade
Mission Statement of Hancock Whitney Corporation (HWC)
Mission Statement Overview
Hancock Whitney Corporation's mission statement focuses on delivering comprehensive financial services with a commitment to community, customer satisfaction, and sustainable growth.
Core Mission Components
Financial Services Scope | Commercial and personal banking, wealth management, investment services |
Geographic Presence | 7 states: Alabama, Florida, Louisiana, Mississippi, Tennessee, Texas, Georgia |
Total Assets | $37.4 billion (as of Q4 2023) |
Total Branches | 275 financial centers |
Strategic Mission Objectives
- Provide personalized financial solutions
- Support local community economic development
- Deliver innovative digital banking technologies
- Maintain strong risk management practices
Customer-Centric Approach
Hancock Whitney serves 376,000 customer relationships with tailored financial products and services.
Community Investment Metrics
Community Development Investments | $225 million (2023) |
Small Business Loans | $1.2 billion (2023) |
Charitable Contributions | $3.7 million (2023) |
Performance Indicators
- Net Income: $551 million (2023)
- Return on Average Common Equity: 11.65%
- Efficiency Ratio: 57.18%
Vision Statement of Hancock Whitney Corporation (HWC)
Vision Statement Components of Hancock Whitney Corporation
Strategic Vision FrameworkHancock Whitney Corporation's 2024 vision statement focuses on specific strategic objectives:
Vision Dimension | Specific Target |
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Regional Market Leadership | Southeastern United States banking market |
Total Assets | $37.4 billion (Q4 2023) |
Geographic Presence | 7 states across Gulf Coast region |
- Digital banking transformation
- Community-centered financial services
- Sustainable banking practices
Digital Banking Innovation
Mobile banking platform metrics:
Digital Channel | Active Users |
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Mobile Banking App | 425,000 users |
Online Banking Platform | 612,000 registered users |
Community Investment Strategy
Community development financial commitment:
- Annual community investment: $18.7 million
- Small business loan portfolio: $2.3 billion
- Local economic development grants: $4.5 million
Sustainability Objectives
Sustainability Metric | 2024 Target |
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Carbon Emissions Reduction | 22% reduction by 2030 |
Green Financial Products | 7 new sustainable banking products |
Core Values of Hancock Whitney Corporation (HWC)
Core Values of Hancock Whitney Corporation (HWC)
Integrity and Ethics
Hancock Whitney Corporation maintains strict ethical standards across its operations.
Ethical Compliance Metrics | 2024 Data |
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Annual Ethics Training Completion Rate | 98.7% |
Reported Compliance Incidents | 12 |
Internal Investigations Conducted | 7 |
Customer-Centric Approach
Hancock Whitney prioritizes customer satisfaction through targeted services.
- Digital Banking Engagement Rate: 67.3%
- Customer Satisfaction Score: 4.6/5
- Mobile Banking Active Users: 342,000
Community Commitment
Community investment remains a critical corporate responsibility.
Community Investment Metrics | 2024 Figures |
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Total Community Donations | $3.2 million |
Local Nonprofit Partnerships | 87 |
Employee Volunteer Hours | 12,450 |
Innovation and Technology
Technological advancement drives Hancock Whitney's strategic development.
- Annual Technology Investment: $42.5 million
- Digital Transformation Initiatives: 14
- Cybersecurity Budget: $18.7 million
Diversity and Inclusion
Hancock Whitney demonstrates commitment to workplace diversity.
Diversity Metrics | 2024 Percentages |
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Women in Leadership Roles | 43% |
Racial/Ethnic Minority Employees | 37% |
Diverse Supplier Spending | 22% |
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