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HWC on Nasdaq

Hancock Whitney

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons5

American bank holding company

Hancock Whitney Corp. is an American bank holding company headquartered in Gulfport, Mississippi. It operates 237 branches in Mississippi, Alabama, Florida, Louisiana, and Texas. The bank is the official bank of the New Orleans Saints and issues the official debit card.3 Its shares trade on Nasdaq under the symbol HWC.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1899Founded1

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  • TickerHWC on Nasdaq1
  • Industryfinancial sector1
  • HeadquartersGulfport1
  • Websitewww.hancockwhitney.com
  • Incorporated inMS6
  • Business addressOne Hancock Whitney Plaza, P O Box 4019, Gulfport, Ms 395016
  • Filer categoryLarge accelerated filer6
  • Legal formBusiness Corporation4
  • LEI549300GRNBWY8HIICT414
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O C T CORPORATION SYSTEM, 39503 Gulfport, United States4
  • Registered withBusiness Services, Office of the Secretary of State, 5149764

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Hancock Whitney Corp. is an American bank holding company headquartered in Gulfport, Mississippi. It operates 237 branches in Mississippi, Alabama, Florida, Louisiana, and Texas. The bank is the official bank of the New Orleans Saints and issues the official debit card. The bank is also the official bank of LSU Athletics and the Louisiana Ragin' Cajuns, being the exclusive provider of credit cards for the LSU Tigers, as well as debit cards for both athletic brands.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Deposit Account brought in 29% of the revenue Hancock Whitney broke down this way in fiscal 2025.

  1. Deposit Account$99.2M929%up 9% from 2024
  2. Fiduciary and Trust$89.6M926%up 25% from 2024
  3. Credit and Debit Card$86.1M925%up 1% from 2024
  4. Investment Advisory, Management and Administrative Service$49.2M915%up 13% from 2024
  5. Mortgage Banking$14.8M94%up 19% from 2024
Products and services by year
Products and services202320242025
Deposit Account$86.0M$91.1M$99.2M
Fiduciary and Trust$67.6M$71.7M$89.6M
Credit and Debit Card$83.0M$85.5M$86.1M
Investment Advisory, Management and Administrative Service$36.7M$43.4M$49.2M
Mortgage Banking$9.2M$12.4M$14.8M

Financial statements

Net income9$486.1M in 2025+24% since 2023
0$200.0M$400.0M$600.0M2023: $392.6M$392.6M20232024: $460.8M$460.8M2024+17%2025: $486.1M$486.1M2025+5%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Loans, including fees$1.4B$1.5B$1.4B
Loans held for sale$1.7M$1.6M$1.7M
Securities-taxable$220.5M$194.2M$189.4M
Securities-tax exempt$16.0M$17.7M$18.6M
Short-term investments$20.6M$27.0M$31.5M
Total interest income$1.6B$1.7B$1.6B
Deposits$470.3M$574.4M$443.9M
Short-term borrowings$23.7M$24.4M$66.7M
Long-term debt$11.8M$12.3M$12.3M
Total interest expense$505.8M$611.1M$522.9M
Net interest income$1.1B$1.1B$1.1B
Provision for credit losses$51.2M$52.2M$59.1M
Net interest income after provision for credit losses$1.1B$1.0B$1.0B
Securities transactions, net-$11.0K$0-$65.4M
Other income$67.6M$60.0M$71.4M
Total noninterest income$406.4M$364.1M$288.5M
Compensation expense$385.7M$380.6M$376.1M
Employee benefits$89.7M$88.8M$84.7M
Personnel expense$475.4M$469.4M$460.8M
Net occupancy expense$55.9M$53.6M$51.6M
Equipment expense$17.0M$17.4M$18.9M
Data processing expense$127.2M$121.9M$117.7M
Professional services expense$57.1M$41.9M$38.3M
Amortization of intangibles$10.0M$9.4M$11.6M
Deposit insurance and regulatory fees$18.0M$24.2M$50.0M
Other real estate and foreclosed assets expense (income)$3.1M-$2.5M-$624.0K
Other expense$88.0M$84.5M$88.7M
Total noninterest expense$851.6M$819.9M$836.8M
Income before income taxes$612.4M$574.0M$490.1M
Income tax expense$126.3M$113.2M$97.5M
Net income$486.1M$460.8M$392.6M
Earnings per common share - basic$5.70$5.30$4.51
Earnings per common share - diluted$5.67$5.28$4.50
Dividends paid per share$1.80$1.50$1.20
Weighted average shares outstanding - basic84.9M shares86.3M shares86.1M shares
Weighted average shares outstanding - diluted85.4M shares86.6M shares86.4M shares

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Corporate structure

Hancock Whitney sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Hancock Whitney

  • Hancock Whitney Gulfport, Mississippi, United States
    • Hancock Insurance Agency Subsidiary · Mississippi, United States
    • HANCOCK WHITNEY BANK Subsidiary · Gulfport, Mississippi, United States
    • Hancock Whitney Equipment Finance and Leasing, LLC Subsidiary · Louisiana, United States
    • Hancock Whitney Equipment Finance, LLC Subsidiary · Louisiana, United States
    • Hancock Whitney Investment Services, Inc. Subsidiary · Mississippi, United States
    • Hancock Whitney New Markets Fund, LLC Subsidiary · Louisiana, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Hancock Whitney reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$632.0M9 Dec 31, 2025$625.7M9 Dec 31, 2024+1.0%
Accumulated depreciation$370.8M9 Dec 31, 2025$346.0M9 Dec 31, 2024+7.2%
Property and equipment, net$261.2M9 Dec 31, 2025$279.8M9 Dec 31, 2024−6.6%
Operating-lease assets (leased space)$102.1M9 Dec 31, 2025$98.8M9 Dec 31, 2024+3.3%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$6.0B9 Dec 31, 2025$5.2B9 Dec 31, 2024+15.5%
Debt securities held to maturity$2.1B9 Dec 31, 2025$2.4B9 Dec 31, 2024−12.4%
Deposits held (banks)$29.3B9 Dec 31, 2025$29.5B9 Dec 31, 2024−0.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$925.4M9 Dec 31, 2025$855.5M9 Dec 31, 2024+8.2%
Finite-lived intangibles, gross$316.5M9 Dec 31, 2025$285.8M9 Dec 31, 2024+10.7%
Accumulated amortization$249.4M9 Dec 31, 2025$250.6M9 Dec 31, 2024−0.5%
Finite-lived intangibles, net$67.1M9 Dec 31, 2025$35.2M9 Dec 31, 2024+90.4%

Properties, in its own words

The Company’s main office, which is the headquarters of the holding company, is located at Hancock Whitney Plaza, in Gulfport, Mississippi. The Bank makes portions of the main office facilities and certain other facilities available for lease to third parties, although such incidental leasing activity is not material to the Company’s overall operations.

The Company operates 180 full-service banking and financial services offices and 221 automated teller machines across our market, primarily in the Gulf south corridor, including southern and central Mississippi; southern and central Alabama; southern, central and northwest Louisiana; the northern, central, and panhandle regions of Florida; and certain areas of east and northeast Texas. Additionally, the Company operates combined loan and deposit production offices in the metropolitan areas of Nashville, Tennessee and Atlanta, Georgia. The Company owns over 70% of these facilities, and the remaining banking facilities are subject to leases, each of which we consider reasonable and appropriate for its location. We ensure that all properties, whether owned or leased, are maintained in suitable condition. We also evaluate our banking facilities on an ongoing basis to identify possible under-utilization and to determine the need for functional improvements, relocations, closures or possible sales. The Bank and its subsidiaries hold a variety of property interests acquired in settlement of loans. Some of these properties were acquired in transactions before 1979 and are carried at nominal amounts on our balance sheet and reflected net income of $0.6 million in our 2025 operating results.

Item 2 of the 10-K filed Feb 27, 2026.18

The story

Hancock County Bank was founded in 1899 in Bay Saint Louis, Mississippi by 19 individuals. On its first day, the bank opened with $10,000 in capital and $8,277.41 in deposits. The bank was originally founded to capitalize on the booming lumber, cotton, and wool trades and also the market for poultry and produce.

During the Wall Street crash of 1929, 162 Mississippi banks failed, leaving Gulfport without a bank. Some Gulfport residents were already customers at the Long Beach, Mississippi branch and several Gulfport businessmen appealed to the bank to open a downtown Gulfport branch. The bank opened a branch at the corner of 13th Street and 26th Avenue in the former First National Bank of Gulfport Building. In 1933, the bank moved to the location that would become One Hancock Plaza in downtown Gulfport, and the company changed its domicile to Gulfport and renamed the company Hancock Bank.

Hancock Bank acquired Baton Rouge, Louisiana-based American Bank of Baton Rouge in 1990; Washington Bank and Trust Co. of Franklinton, Louisiana for $15 million in 1994; and American Security Bank based in Ville Platte, Louisiana in 1999, raising assets to $3 billion. It acquired Lamar Bank, opening up the south-central Mississippi marketplace and establishing a presence in Hattiesburg, Mississippi, in 2001; and Tallahassee, Florida-based Guaranty National Bank and its 5 branches in 2004.

Additionally, bank's insurance services were expanded by acquiring the 103-year-old Ross King Walker, Inc., based in Hattiesburg in 2004; and J. Everett Eaves, Inc., based in New Orleans in 2005.

In 2006, Hancock Bank of Alabama was issued a charter to operate in Alabama.

In 2009, the bank acquired Peoples First Bank of Panama City, Florida after the latter was seized by the Office of Thrift Supervision after suffering from bank failure. In 2011, the bank acquired Whitney Holding Corporation, owner of the New Orleans based Whitney Bank, established in 1883. In 2017, the bank acquired First NBC Bank, which was seized by regulators after suffering from bank failure.

In May 2018, the company changed its name to Hancock Whitney Corp.

In 2018, Hancock Whitney acquired the Trust and Asset Management business from Capital One. In 2019, Hancock Whitney purchased MidSouth Bank.

From Wikipedia’s article on Hancock Whitney, shared under CC BY-SA 4.0.7

Leadership

Who has led Hancock Whitney, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. George A. Schloegel2006
  2. John M. Hairston2007–now

Chair

  1. George A. Schloegel2007–2009
  2. James B. Estabrook Jr.2009–2010

President

  1. Leo W. Seal Jr.2006–2008
  2. Joseh S. Exnicios2011–2024
  3. Suzanne C. Thomas2011
  4. John M. Hairston2014–now

Chief financial officer

  1. Michael M. Achary2007–now

Chief operating officer

  1. D. Shane Loper2007–2010
  2. John M. Hairston2010–2014
197019801990200020102020
Board members and other officers (52)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Hancock Insurance Agency Mississippi8
  • Hancock Whitney Bank Mississippi8
  • Hancock Whitney Equipment Finance and Leasing, LLC Louisiana8
  • Hancock Whitney Equipment Finance, LLC Louisiana8
  • Hancock Whitney Investment Services, Inc. Mississippi8
  • Hancock Whitney New Markets Fund, LLC Louisiana8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • HANCOCK HOLDING COJan 25, 1994 to May 24, 20186

Timeline

  1. Aug 3, 20268-K Other events81
  2. Jul 21, 20268-K Results of operations; Regulation FD disclosure82
  3. Jul 20, 20268-K Other events83
  4. May 19, 20268-K Entered a material agreement84
  5. May 15, 20268-K Regulation FD disclosure85
  6. Apr 30, 20268-K Shareholder vote86
  7. Apr 21, 20268-K Results of operations; Regulation FD disclosure87
  8. Jan 29, 20268-K Other events88
  9. Jan 20, 20268-K Results of operations; Regulation FD disclosure89
  10. Dec 10, 20258-K Other events90
  11. Nov 10, 20258-K Regulation FD disclosure91
  12. Oct 14, 20258-K Results of operations; Regulation FD disclosure92
  13. May 25, 2018Went public Listed on NASDAQ1
  14. Feb 8, 2007New chief executive John M. Hairston becomes CEO19
  15. Aug 23, 2006New chief executive George A. Schloegel becomes CEO20
  16. 1899Founded Founded1

Calendar

Coming up

  1. Oct 20, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.49 a share, on Oct 14, 2025.93

When it reported results

  1. Jul 21, 2026Reported quarterly or annual results82
  2. Apr 21, 2026Reported quarterly or annual results87
  3. Jan 20, 2026Reported quarterly or annual results89
  4. Oct 14, 2025Reported quarterly or annual results92
  5. Jul 15, 2025Reported quarterly or annual results94
  6. Apr 15, 2025Reported quarterly or annual results95
  7. Jan 21, 2025Reported quarterly or annual results96
  8. Oct 15, 2024Reported quarterly or annual results97

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

509 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 351 insider forms, 22 large holders, 69 other. The latest 20:

  1. Sep 30, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 30, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 30, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 30, 20264 PRIMARY DOCUMENT EDGAR
  5. Aug 31, 2026N-PX EDGAR
  6. Aug 21, 20264 PRIMARY DOCUMENT EDGAR
  7. Aug 19, 2026144 EDGAR
  8. Aug 14, 202613F-HR EDGAR
  9. Aug 7, 202610-Q EDGAR
  10. Aug 3, 20268-K EDGAR
  11. Jul 27, 20264 PRIMARY DOCUMENT EDGAR
  12. Jul 24, 2026144 EDGAR
  13. Jul 21, 20268-K EDGAR
  14. Jul 20, 20268-K EDGAR
  15. Jun 30, 20264 PRIMARY DOCUMENT EDGAR
  16. Jun 30, 20264 PRIMARY DOCUMENT EDGAR
  17. Jun 30, 20264 PRIMARY DOCUMENT EDGAR
  18. Jun 30, 20264 PRIMARY DOCUMENT EDGAR
  19. Jun 24, 202611-K EDGAR
  20. May 26, 20264 PRIMARY DOCUMENT EDGAR

The 509 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

39 open-market trades by officers, directors and large owners since October 2021: 5 buys and 34 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 20, 2026Mayfield Emory L JrChief Banking OfficerSale4,990$76.40$381.2KForm 4
Jul 24, 2026Achary Michael MChief Financial OfficerSale22,694$76.18$1.7MForm 4
May 22, 2026PICKERING CHRISTINE LDirectorSale417$67.16$28.0KForm 4
Feb 10, 2026HAIRSTON JOHN MPresident & CEOSale26,453$72.81$1.9MForm 4
Feb 10, 2026PICKERING CHRISTINE LDirectorSale1,082$73.03$79.0KForm 4
Feb 9, 2026HAIRSTON JOHN MPresident & CEOSale37,000$74.36$2.8MForm 4
Jan 23, 2026Ziluca Christopher SChief Credit OfficerSale5,227$68.57$358.4KForm 4
Nov 14, 2025Liollio DeanDirectorSale5,328$58.48$311.6KForm 4
Oct 17, 2025Achary Michael MChief Financial OfficerSale9,894$54.86$542.8KForm 4
Oct 17, 2025HAIRSTON JOHN MPresident & CEOSale21,883$54.65$1.2MForm 4
Jun 24, 2025Williams Albert JDirectorBuy23$56.38$1.3KForm 4
Apr 21, 2025PICKERING CHRISTINE LDirectorSale838$48.09$40.3KForm 4
Nov 7, 2024HAIRSTON JOHN MPresident & CEOSale18,000$59.44$1.1MForm 4
Oct 29, 2024PICKERING CHRISTINE LDirectorSale763$52.40$40.0KForm 4
Oct 21, 2024Wilkins Carleton RichardDirectorSale800$50.95$40.8KForm 4
Oct 18, 2024Achary Michael MChief Financial OfficerSale8,431$52.55$443.0KForm 4
Jul 29, 2024BERTUCCI FRANK EDirectorSale2,053$57.03$117.1KForm 4
May 1, 2024Knight Cecil W. JrChief Banking OfficerSale844$46.82$39.5KForm 4
Apr 30, 2024PICKERING CHRISTINE LDirectorSale1,300$45.62$59.3KForm 4
Feb 22, 2024Ziluca Christopher SChief Credit OfficerSale3,636$43.50$158.2KForm 4

All 39 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025John M. Hairston,$1.2M$6.3M106
2025D. Shane Loper,$776.4K$3.4M106
2025Michael M. Achary,$630.1K$2.5M106
2025Christopher S. Ziluca,$558.8K$1.6M106
2025Michael Otero,$493.8K$1.5M106
2024President and CEO$1.2M$5.8M106
2024Chief Operating Officer$727.5K$2.8M106
2024Chief Financial Officer$593.8K$2.3M106
2024Chief Credit Officer$535.0K$1.5M106
2024Chief Risk Officer$468.8K$1.2M106
2023President and CEO$1.2M$5.6M106
2023Chief Operating Officer$697.6K$2.7M106
2023Chief Financial Officer$567.6K$1.9M106

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.10,905,235$814.8M0.0%+519,529
Fmr LLC7,276,921$543.7M0.0%−54,087
Dimensional Fund Advisors LP4,812,362$359.6M0.1%+21,408
Vanguard Portfolio Management LLC4,471,954$334.1M0.0%−453,066
State Street Corp4,295,595$321.0M0.0%+48,615
Vanguard Capital Management LLC3,669,989$274.2M0.0%−59,953
Fuller & Thaler Asset Management, Inc.2,809,258$209.9M0.6%+644,977
Geode Capital Management, LLC2,348,621$175.5M0.0%+100,485
American Century Companies Inc1,881,878$140.6M0.1%−27,960
Wellington Management Group Llp1,542,671$115.3M0.0%−229,295
Goldman Sachs Group Inc1,529,827$114.3M0.0%+319,411
Allspring Global Investments Holdings, LLC1,357,965$102.7M0.2%−239,234
Channing Capital Management, LLC1,261,846$94.3M2.2%+38,847
Nomura Asset Management International Inc.1,229,268$91.9M0.1%−165,883
Morgan Stanley1,227,023$91.7M0.0%−377,080
Northern Trust Corp1,112,698$83.1M0.0%+26,186
Charles Schwab Investment Management Inc1,005,205$75.1M0.0%−26,373
Hancock Whitney Corp921,586$68.9M1.1%−6,053
Boston Partners775,832$58.1M0.1%+32,183
Barclays PLC775,509$57.9M0.0%+326,315
Bank of New York Mellon Corp744,183$55.6M0.0%−20,212
Bank Of America Corp /de/708,954$53.0M0.0%−98,631
Victory Capital Management Inc667,353$49.9M0.0%+377
Massachusetts Financial Services Co /ma/603,037$45.1M0.0%−31,543
Vanguard Fiduciary Trust Co538,231$40.2M0.0%+4,067

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Hancock Whitney is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHANCOCK WHITNEY CORP2
  • CIK0000750577
  • Employer ID (EIN)64-069317018
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inMississippi18
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business addressOne Hancock Whitney Plaza, P O Box 4019, Gulfport, MS 395012
  • Phone50429952082
  • Shares outstanding80,223,058 as of Jul 31, 202611
  • Public float$4.9B as of Jun 30, 202518
  • AuditorPricewaterhouseCoopers LLP, New Orleans, LA PCAOB ID 238; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceJan 25, 19942
  • Filings2,912 in all: 4 (1,895), 8-K (304), 13F-HR (106), 10-Q (98), 4/A (73), SC 13G/A (44), 3 (42), SC 13G (41)2
    All 55 form types

    DEF 14A (32), 10-K (29), 11-K (26), UPLOAD (22), 144 (21), CORRESP (18), S-8 (15), S-4/A (11), 5 (10), 8-K/A (10), S-4 (10), 13F-HR/A (8), 425 (8), ABS-15G (8), 424B2 (7), DEFA14A (6), S-3ASR (6), ARS (5), FWP (4), PRE 14A (4), SCHEDULE 13G (4), SCHEDULE 13G/A (4), 10-K/A (3), 10-K405 (3), 424B5 (3), S-8 POS (3), 10-Q/A (2), 3/A (2), 424B3 (2), 5/A (2), 8-A12B (2), 8-A12G (2), EFFECT (2), N-PX (2), 10KSB (1), 11-K/A (1), 15-12B (1), 25-NSE (1), 8-K12G3/A (1), CERT (1), CERTNAS (1), DEFR14A (1), DEFS14A (1), POS AM (1), POS EX (1), POSASR (1), PRES14A (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Mar 17, 2026
    Latest 8-K (8-K) Aug 3, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $3.33 per shareHWCThe NASDAQ Stock Market, LLC
6.25% Subordinated NotesHWCPZThe NASDAQ Stock Market, LLC

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Hancock Whitney names in Item 1A of its 10-K filed Feb 27, 2026: 39 risks under these headings, as written.18

  • Risks Related to Economic and Market Conditions
  • Current uncertain economic conditions pose challenges, and could adversely affect our business, financial condition and results of operations.
  • We may be vulnerable to certain sectors of the economy and to economic conditions both generally and locally across the specific markets in which we operate.
  • We are subject to lending concentration risk.
  • Certain changes in interest rates, loan origination, inflation, or the financial markets could affect our results of operations, demand for our products and our ability to deliver products efficiently.
  • Changes in the policies of monetary authorities and other government action could adversely affect our profitability.
  • Changes in U.S. trade policies and other factors beyond the Company's control, including the imposition of tariffs and retaliatory tariffs, may adversely impact its business, financial condition and results of operations.
  • The financial soundness and stability of other financial institutions could adversely affect us.
  • Tax law and regulatory changes could adversely affect our financial condition and results of operations.
  • Governmental responses to market disruptions and other events may be inadequate and may have unintended consequences.
  • We may need to rely on the financial markets to provide additional capital.
  • Our investments in certain tax-advantaged projects may not generate returns as anticipated or at all and may have an adverse impact on our results of operations.
The other 28 risks
  • Risks Related to the Financial Services Industry
  • We must maintain adequate sources of funding and liquidity.
  • Greater loan losses than expected may adversely affect our earnings.
  • We depend on the accuracy and completeness of information about clients and counterparties.
  • We are subject to a variety of risks in connection with the sale of any loans.
  • Risks Related to Our Operations
  • A failure in our operational systems or infrastructure, or those of third parties, could impair our liquidity, disrupt our businesses, result in the unauthorized disclosure of confidential information, damage our reputation and cause financial losses.
  • Our operational and communications systems and infrastructure may fail or may be the subject of a security incident, breach, or cyber-attack that, if successful, could adversely affect our business and disrupt business continuity.
  • We rely on other companies to provide key components of our business infrastructure.
  • The continued development and use of artificial intelligence (AI) presents risks and challenges that may adversely impact our business.
  • We, or third parties from whom we license critical information technology systems, have in the past been, and in the future may be alleged to have infringed upon intellectual property rights owned by others.
  • Employee misconduct could expose us to significant legal liability and reputational harm.
  • Our business may be adversely affected by fraud.
  • The value of our goodwill and other intangible assets may decline in the future.
  • Risks Related to Our Business Strategy
  • We are subject to industry competition which may have an impact upon our success.
  • The implementation of new lines of business or new products and services may subject us to additional risk.
  • We may not realize the expected benefits from our efficiency and growth initiatives, which could negatively impact our future profitability.
  • Our future growth and financial performance may be negatively affected if we are unable to successfully execute our growth plans, which may include acquisitions and de novo branching.
  • Changes in retail distribution strategies and consumer behavior may adversely impact our investments in bank premises, equipment, technology and other assets and may lead to increased expenditures to change our retail distribution channel.
  • Risks Related to the Legal and Regulatory Environment
  • We are subject to regulation by various federal and state entities.
  • We and other financial institutions have been the subject of litigation, investigations and other proceedings which could result in legal liability and damage to our reputation.
  • Risks Related to Our Common Stock
  • Future issuances of equity securities could dilute the interests of holders of our common stock, and our common stock ranks junior to indebtedness.
  • Our ability to deliver and pay dividends depends primarily upon the results of operations of our subsidiary Bank, and we may not pay, or be permitted to pay, dividends in the future.
  • Mississippi law, and anti-takeover provisions in our articles of incorporation and bylaws could make a third-party acquisition of us difficult and may adversely affect share value.
  • Shares of our common stock are not insured deposits and may lose value.
  • General Risk Factors
  • We must attract and retain skilled personnel.
  • Natural and man-made disasters could affect our ability to operate.
  • Increased scrutiny and evolving expectations from stakeholders with respect to sustainability practices may impose additional costs on us or expose us to new or additional risks.
  • We are exposed to reputational risk.
  • Changes in accounting policies or in accounting standards could materially affect how we report our financial condition and results of operations.

Legal proceedings

We and our subsidiaries are party to various legal proceedings arising in the ordinary course of business. We do not believe that loss contingencies, if any, arising from pending litigation and regulatory matters will have a material adverse effect on our consolidated financial position or liquidity.

The opening of Item 3, Legal Proceedings.18

Sources

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