This review of Hancock Whitney Corporation (NASDAQ: HWC), the parent of $30.5 billion-asset Hancock Whitney Bank of Gulfport, Mississippi, will bring to a close my efforts to acquaint Seeking Alpha readers with four emerging regional banks headquartered in Mississippi. Those efforts began with my article entitled “Buy Three of Four Mississippi Banks.”
HWC is unique among the four banks in that it is a turnaround story with 85% of the “turn” elements already in place. As you’ll see, even as an “almost there” turnaround, it’s a decent bank, but with issues.
SOURCE: hancockwhitney.com