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Hancock Whitney ( (HWC) ) just unveiled an update.
On January 21, 2025, Hancock Whitney Corporation announced its subsidiary, Hancock Whitney Bank, has agreed to acquire Sabal Trust Company, a non-depository trust company based in Florida. This acquisition aims to expand Hancock Whitney’s wealth and asset management services in the high-growth Florida market, leveraging Sabal’s existing four locations in the Tampa and Orlando areas. The deal is expected to close in the second quarter of 2025, pending regulatory approvals, and is anticipated to be immediately accretive to the company’s earnings per share, excluding one-time costs.
More about Hancock Whitney
Hancock Whitney Corporation, established in the late 1800s, operates in the financial services industry with a focus on providing comprehensive banking solutions including traditional and online banking, trust and investment services, and mortgage services across Mississippi, Alabama, Florida, Louisiana, and Texas. The company also has offices in Nashville, Tennessee and Atlanta, Georgia, focusing on loan and deposit production.
YTD Price Performance: 9.40%
Average Trading Volume: 546,470
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.09B
For an in-depth examination of HWC stock, go to TipRanks’ Stock Analysis page.