Hancock Whitney Announces New Stock Buyback Program to Enhance Shareholder Value

Hancock Whitney Launches New Stock Buyback Program Amid Growth Strategy

Hancock Whitney Corporation, a financial institution based in Gulfport, Mississippi, announces the approval of a new stock buyback program during its recent Board of Directors meeting. This initiative allows the company to repurchase up to 5% of its outstanding common stock from January 1, 2025, to December 31, 2026. This new program replaces the existing buyback plan that is set to expire at the end of 2024, signaling Hancock Whitney's ongoing commitment to enhancing shareholder value. The buyback can be executed through various methods, including open market transactions and private negotiations, and it will be influenced by market conditions and compliance with Securities and Exchange Commission regulations.

This strategic move reflects Hancock Whitney's confidence in its operational stability and overall financial health. Founded in the late 1800s, the company has built a reputation based on its core values, including Honor & Integrity, Strength & Stability, and a Commitment to Service. By implementing the buyback program, Hancock Whitney aims to demonstrate its commitment not only to its shareholders but also to its long-term business strategy, which encompasses a wide range of financial services. The bank serves clients across Mississippi, Alabama, Florida, Louisiana, and Texas, focusing on traditional and online banking, commercial services, and investment solutions.

Moreover, the Board of Directors retains the authority to amend or terminate the buyback program before its scheduled expiration, allowing for flexibility in response to evolving market dynamics. This adaptability is crucial as Hancock Whitney continues to navigate the complexities of the financial landscape, particularly in a post-pandemic environment where economic conditions can fluctuate significantly. The buyback program is expected to reinforce investor confidence while ensuring that Hancock Whitney remains a competitive player in the regional banking sector.

In addition to the buyback announcement, Hancock Whitney highlights its commitment to community service and stability in an increasingly digital banking landscape. The company's operational model includes traditional banking services as well as innovative online banking solutions, ensuring access for a diverse customer base. With a loan production office in Nashville, Tennessee, Hancock Whitney is also expanding its footprint and service offerings, positioning itself for future growth and increased market presence. For more detailed information about their services, the company invites interested parties to visit their website at www.hancockwhitney.com.