Mission Statement, Vision, & Core Values (2025) of Hancock Whitney Corporation - 6.

An Overview of Hancock Whitney Corporation - 6

Overview of Hancock Whitney Corporation

Hancock Whitney Corporation, established in 1899, is a regional financial services company headquartered in Gulfport, Mississippi. The company has a rich history of providing banking services across the Gulf South, encompassing Louisiana, Mississippi, Alabama, and Florida. Hancock Whitney offers a range of products and services, including personal banking, commercial banking, wealth management, and investment services. As of 2024, the company reported total assets of approximately $36 billion and a net income of $235 million for the most recent quarter.

Financial Performance in Latest Reporting Period

In its latest earnings report for the fourth quarter of 2023, Hancock Whitney Corporation achieved a record-breaking revenue of $1.1 billion, marking a year-over-year increase of 15%. This growth was primarily driven by an increase in net interest income, which rose to $670 million, up 20% compared to the same period last year. The bank’s loan portfolio also expanded significantly, with total loans reaching $25 billion, representing a 10% increase from the prior year. The bank's efficiency ratio improved to 54%, showcasing its effective cost management strategies.

The following table details Hancock Whitney Corporation's key financial metrics for the fourth quarter of 2023:

Leading Company in the Industry

Hancock Whitney Corporation stands as one of the leading regional banks in the southeastern U.S., recognized for its strong customer relationships and community involvement. With a focus on enhancing its digital banking capabilities, the company has invested significantly in technology to improve customer experience and operational efficiency. Hancock Whitney's commitment to sustainable banking practices and financial education further solidifies its position as a trusted financial partner in the communities it serves.

For a more comprehensive understanding of Hancock Whitney Corporation's success and its competitive position within the banking industry, additional details about its innovative strategies and customer service initiatives can be explored further.

Mission Statement of Hancock Whitney Corporation - 6

Mission Statement Overview

The mission statement of Hancock Whitney Corporation articulates the company’s commitment to creating long-term value for its stakeholders while delivering exceptional banking services. This guiding principle underpins the company’s strategic initiatives and corporate culture.

Core Component 1: Client Focus

Hancock Whitney emphasizes a client-centric approach, aiming to deliver tailored solutions that meet individual and business needs. In 2023, the bank achieved a 92% customer satisfaction rate, reflecting its dedication to client service.

For example, the company’s personalized investment strategies have attracted over $14 billion in client assets under management. This showcases Hancock Whitney's commitment to understanding and addressing customer requirements effectively.

Core Component 2: Community Commitment

As part of its mission, Hancock Whitney is deeply committed to the communities it serves. In 2022, the corporation contributed approximately $3 million to various community initiatives and non-profits. This investment reinforces its belief in societal responsibility and sustainable development.

The bank also launched the “Hancock Whitney Community Program,” which has supported over 150 local organizations since its inception, enhancing its footprint in community engagement and support.

Core Component 3: Employee Empowerment

Hancock Whitney recognizes that its employees are crucial to its success. The bank invests significantly in employee training and development, allocating approximately $4 million annually towards professional development programs. This investment has led to a 15% increase in employee retention rates over the past two years.

The company’s internal surveys consistently show that more than 85% of employees feel empowered to contribute to the organization’s mission, highlighting the effective implementation of its core values.

Hancock Whitney Corporation’s mission statement serves as a foundation for its operations, influencing its strategic objectives and fostering a culture of excellence across all facets of the business.

Vision Statement of Hancock Whitney Corporation - 6

Vision Statement Overview

As of 2024, Hancock Whitney Corporation's vision statement emphasizes commitment to enhancing the financial well-being of clients and communities across the Gulf South. The vision strives to foster long-term relationships founded on trust and integrity while being recognized as a top-performing financial institution.

Client-Centric Focus

The vision underscores Hancock Whitney's determination to prioritize client satisfaction. In 2022, the bank achieved a 88% customer satisfaction rate, reflecting its commitment to delivering personalized financial solutions. This client-centric approach seeks to elevate customer experiences through tailored banking services.

Commitment to Community Development

Hancock Whitney's vision integrates a strong focus on community funding. In 2023, the bank allocated approximately $15 million toward community development initiatives. These investments aim to support economic growth and enhance quality of life in local regions.

Innovative Solutions and Technology

The vision statement highlights the importance of innovation. In 2024, Hancock Whitney plans to invest over $10 million in digital banking technology to enhance customer engagement and streamline operations. This investment reflects the bank’s commitment to providing clients with advanced banking solutions.

Employee Engagement and Growth

Employee growth and engagement are pivotal to Hancock Whitney's vision. The bank reports that over 70% of employees participate in professional development programs. This dedication to employee advancement is crucial for fostering a motivated and skilled workforce.

Financial Performance Goals

Hancock Whitney aims to achieve robust financial performance. The target for net income in 2024 is set at approximately $300 million, with a projected return on equity (ROE) of 12%. These metrics illustrate the bank's commitment to sustainable growth while providing value to shareholders.

Commitment to Sustainability

Sustainability is integral to Hancock Whitney's vision. The bank has set a goal to reduce its carbon footprint by 25% over the next five years, focusing on eco-friendly banking practices. This aligns with broader industry trends toward responsible banking and environmental stewardship.

Adaptability and Future Growth

The vision statement reflects Hancock Whitney's adaptability to market changes. The bank aims to expand its market presence, targeting a 10% increase in total assets by 2025, reinforcing its position as a competitive player in the financial services sector.

Core Values of Hancock Whitney Corporation - 6

Core Value: Integrity

Integrity is central to Hancock Whitney Corporation’s operations, guiding interactions with clients and stakeholders. This value promotes trust and transparency throughout the business.

Hancock Whitney incorporates integrity through robust compliance programs and ethical training for employees. In 2023, they achieved a 98% completion rate for ethics and compliance training across their workforce.

The corporation has also established a whistleblower policy that encourages reporting of unethical behavior, ensuring employees feel safe in voicing concerns.

Core Value: Excellence

Pursuit of excellence drives Hancock Whitney to continually improve its products and services. This commitment is reflected in quality assurance programs that optimize customer satisfaction.

Hancock Whitney reported a 90% customer satisfaction rate in its most recent survey conducted in Q2 2023, highlighting their dedication to service quality.

Additionally, the company invests in employee development, with the training budget for 2024 set at $5 million, aimed at enhancing skills and performance.

Core Value: Community Involvement

Community involvement is a fundamental value for Hancock Whitney, emphasizing the importance of giving back to the communities they serve.

In 2023, the company contributed over $3 million to local charities and initiatives, focusing on education, financial literacy, and disaster relief.

Moreover, Hancock Whitney’s employees volunteered over 20,000 hours to various community service projects, reinforcing their commitment to civic engagement.

Core Value: Diversity and Inclusion

Diversity and inclusion are vital components of Hancock Whitney’s corporate culture, ensuring a wide range of perspectives within the organization.

As of 2023, the company reported a workforce composition of 50% women and 40% people of color, demonstrating a strong commitment to creating an inclusive workplace.

Hancock Whitney also launched the 'Diversity Leadership program' in early 2024, with a budget of $1.2 million aimed at leadership development for underrepresented groups.

Core Value: Innovation

Innovation fuels Hancock Whitney's growth and competitiveness in the financial sector.

In 2023, the bank invested $10 million in technology upgrades, including artificial intelligence and machine learning to enhance customer service and operational efficiency.

The launch of their mobile banking app in late 2023 included features based on customer feedback, resulting in a 75% increase in mobile transactions year-over-year.