Hancock Whitney Reports Improved Q4 2024 Earnings

Hancock Whitney Corp ( (HWC) ) has released its Q4 earnings. Here is a breakdown of the information Hancock Whitney Corp presented to its investors.

Hancock Whitney Corporation is a financial services company offering banking, investment, and trust services primarily in the Gulf South region of the United States, known for its strong regional presence and comprehensive financial solutions. In its latest earnings report, Hancock Whitney Corp announced a net income of $122.1 million for the fourth quarter of 2024, with an earnings per share (EPS) of $1.40, showing an improvement from the previous quarter and year. The company highlighted a 7% annualized increase in deposits and a decrease in loans by 3% on a linked quarter annualized basis. Key financial metrics include a net interest margin (NIM) of 3.41%, and a common equity tier 1 (CET1) ratio of 14.14%. The efficiency ratio slightly increased to 54.46% from the previous quarter. As Hancock Whitney enters 2025, the company remains optimistic about its financial stability and growth potential, supported by its recent acquisition of Sabal Trust Company and continued focus on expanding its financial services footprint.