Hancock Whitney (HWC) Rides on Loan Demand Amid Rising Costs [Yahoo! Finance]
Hancock Whitney Corporation (HWC)
Last hancock whitney corporation earnings: 4/28 04:30 pm
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Source: Yahoo! Finance
A strong balance sheet keeps capital distribution sustainable. However, an elevated expense base and subdued mortgage banking business remain headwinds. Hancock Whitney's growth strategy is reflected in its revenue trajectory. The company completed the acquisition of MidSouth Bancorp in 2019, which continues to aid its financials. Revenues (tax-equivalent basis) witnessed a five-year compound annual growth rate (CAGR) of 4%. Concurrently, total loans experienced a CAGR of 3.6%. Top-line growth is likely to be bolstered by high interest rates, decent loan demand and strategic initiatives to improve fee income. We project revenues and total loans to witness a CAGR of 2.7% and 2.1% over the three years ending 2026, respectively. Amid high rates, HWC's net interest margin (NIM) witnessed a rise in 2023 to 3.34% from 3.26% in 2022. However, rising funding costs weighed on NIM, and its pace of expansion came down. With the Federal Reserve expected to keep rates high in the near term,
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HWC
News
- Hancock Whitney Increases Quarterly Dividend 33%Business Wire
- We Think The Compensation For Hancock Whitney Corporation's (NASDAQ:HWC) CEO Looks About Right [Yahoo! Finance]Yahoo! Finance
- Hancock Whitney Co. (NASDAQ: HWC) had its price target lowered by analysts at Truist Financial Co. from $50.00 to $46.00. They now have a "hold" rating on the stock.MarketBeat
- Hancock Whitney Co. (NASDAQ: HWC) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $52.00 price target on the stock, down previously from $55.00.MarketBeat
- Hancock Whitney Co. (NASDAQ: HWC) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $50.00 price target on the stock.MarketBeat
HWC
Earnings
- 4/16/24 - Beat
HWC
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- HWC's page on the SEC website