Hancock Whitney 8-K: Financial Condition & Operations Update

Ticker: HWCPZ · Form: 8-K · Filed: Jan 16, 2024 · CIK: 750577

Hancock Whitney CORP 8-K Filing Summary
FieldDetail
CompanyHancock Whitney CORP (HWCPZ)
Form Type8-K
Filed DateJan 16, 2024
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$3.33
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: financial-condition, debt, corporate-governance

TL;DR

**Hancock Whitney just dropped an 8-K on its financial condition, keep an eye on those 6.25% Subordinated Notes.**

AI Summary

Hancock Whitney Corporation filed an 8-K on January 16, 2024, to report on its financial condition and operations, specifically mentioning its Common Stock with a $3.33 par value and 6.25% Subordinated Notes. This filing indicates that the company is providing updated financial information, which is crucial for investors to assess the bank's current health and future prospects, especially regarding its debt obligations and equity structure. This matters to investors because it provides transparency into the company's financial standing, which can influence stock performance and dividend stability.

Why It Matters

This filing provides current financial information, allowing investors to evaluate Hancock Whitney's stability and performance, which directly impacts investment decisions.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial condition and operations, not indicating any immediate new risks.

Analyst Insight

Investors should review the full financial statements when they become available to understand the implications of the 'Results of Operations and Financial Condition' mentioned in this 8-K, particularly how interest rate changes might affect the 6.25% Subordinated Notes.

Key Numbers

Key Players & Entities

FAQ

What is the par value of Hancock Whitney Corporation's Common Stock as stated in this filing?

The par value of Hancock Whitney Corporation's Common Stock is $3.33 per share, as stated in the filing under 'Title of Each Class COMMON STOCK, $3.33 PAR VALUE'.

What is the interest rate on the Subordinated Notes mentioned in the filing?

The interest rate on the Subordinated Notes is 6.25%, as indicated by '6.25% SUBORDINATED NOTES' in the filing.

On what date was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 16, 2024, as stated by 'Date of report (Date of earliest event reported): January 16, 2024'.

Where are Hancock Whitney Corporation's Common Stock and Subordinated Notes traded?

Both Hancock Whitney Corporation's Common Stock (HWC) and 6.25% Subordinated Notes (HWCPZ) are registered on The NASDAQ Stock Market, LLC, according to the filing's 'Name of Exchange on Which Registered' section.

What is the business address of Hancock Whitney Corporation?

The business address of Hancock Whitney Corporation is Hancock Whitney Plaza, 2510 14th Street, Gulfport, Mississippi 39501, as listed in the filing.

Filing Stats: 710 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-01-16 16:01:02

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On January 16, 2024, Hancock Whitney Corporation (the “ Company ”) announced financial results for its fourth quarter ended December 31, 2023. A copy of this press release and the accompanying financial statements are attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 2.02. The press release is available on the Company’s website. The information provided in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On January 16, 2024 at 3:30 p.m. (Central Time), the Company intends to hold an investor call and webcast to discuss financial results for the quarter ended December 31, 2023, including the press release. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are, along with the press release and financial statements, incorporated herein by reference. All information in the press release and presentation materials speak as of the date thereof and the Company does not assume any obligation to update said information in the future. In addition, the Company disclaims any inferences regarding the materiality of such information which otherwise may arise as a result of it furnishing such information under Item 2.02 or Item 7.01 of this Form 8-K. In accordance with the General Instruction B.2 of Form 8-K, the information presented herein pursuant to Item 2.02, “Results of Operations,” and Item 7.01, “Regulation FD,” shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), nor shall the information be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release dated January 16, 2024 for Quarter Ended December 31, 2023. 99.2 Presentation Slides dated January 16, 2024 (furnished with the Commission as part of this Form 8-K). 104 Cover Page Interactive Data File (embedded within the inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HANCOCK WHITNEY CORPORATION January 16, 2024 By: /s/ Michael M. Achary Michael M. Achary Chief Financial Officer

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