Hancock Whitney's latest quarterly performance has turned heads with robust earnings and exceptional capital strength.
Trading at a price-to-earnings multiple below 10, this regional bank presents a compelling value proposition despite modest volume growth in its core lending operations.
What truly distinguishes Hancock Whitney is its extraordinary capital position. With a CET1 ratio of 14.1%, the bank significantly exceeds its target range of 11-11.5%.
This substantial buffer, estimated at approximately $700 million, provides ample room for strategic maneuvers including share repurchases and targeted investments.
The company demonstrated its commitment to shareholder returns by repurchasing $40 million worth of shares during the third quarter alone.
Author's summary: Hancock Whitney presents a compelling value proposition.