Hancock Whitney elects new board member from Chevron

GULFPORT - Hancock Whitney Corporation (NASDAQ:HWC), a prominent financial institution in the Gulf South with a market capitalization of $4.5 billion, announced the election of Albert J. Williams to its board of directors. The election took place at the company’s annual shareholder meeting on April 23, 2025. According to InvestingPro data, the bank maintains strong financial health with a "GREAT" overall score, supported by seven analysts recently revising earnings estimates upward.

Albert J. Williams brings over three decades of experience from Chevron Corporation, where he held multiple leadership roles, including Vice President of Corporate Affairs until February 2025. His tenure at Chevron encompassed responsibilities in government and public affairs, as well as overseeing the company’s reputation and social investment initiatives. Williams is set to retire from Chevron by the end of April.

With a career that began as an engineer in New Orleans in 1991, Williams has held various significant positions within Chevron, both domestically and internationally. These roles included President of Chevron Pipeline Company and Managing Director of Chevron Australia, where he managed Chevron’s interests in Australia and New Zealand.

Hancock Whitney’s Chairman of the Board, Jerry L. Levens, praised Williams’ extensive leadership experience and regional ties, stating that his expertise would provide valuable insights for the corporation’s continued growth and service in the Gulf South region.

Williams’ educational background includes a Bachelor of Science in electrical engineering from Mississippi State University and an MBA from Tulane University. He has been actively involved in various advisory boards, including the University of Southern California Viterbi School of Engineering and the Board Executive Committee of the Atlantic Council.

Hancock Whitney has a long history dating back to the late 1800s and operates across Mississippi, Alabama, Florida, Louisiana, and Texas. The company provides a wide range of financial services, from traditional and online banking to mortgage services. This addition to the board is part of Hancock Whitney’s ongoing commitment to leveraging experienced leadership to uphold its core values and serve its clients and communities effectively.

This report is based on a press release statement from Hancock Whitney Corporation.

In other recent news, Hancock Whitney Corporation reported strong first-quarter 2025 results, exceeding earnings expectations with an EPS of $1.38 against a forecast of $1.29, though revenue slightly missed projections at $367.5 million versus the anticipated $367.92 million. The company showcased a 10% year-over-year increase in net income to $120 million, with a return on assets of 1.41% and a net interest margin of 3.43%. Hancock Whitney also announced its expansion into Texas and the acquisition of Sable Trust Company. Analyst Brett Rabatin from Piper Sandler raised the company’s stock target to $70, maintaining an Overweight rating, due to a strong pre-provision net revenue guide and expectations of robust fee revenues. Conversely, DA Davidson and Keefe, Bruyette & Woods both adjusted their price targets for Hancock Whitney to $62, with DA Davidson maintaining a Buy rating and Keefe, Bruyette & Woods an Outperform rating. Analysts noted a deceleration in growth but acknowledged that reduced expenses and increased fees helped maintain stable earnings per share. Hancock Whitney remains focused on organic growth and strategic initiatives, with the company less focused on mergers and acquisitions at this time.

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