Hancock Whitney Corporation - Common Stock (HWC)

Competitors to Hancock Whitney Corporation - Common Stock (HWC)

BancorpSouth Bank

BancorpSouth Bank and Hancock Whitney Corporation see significant competition in the regional banking sector, particularly in Mississippi and Louisiana. Both banks focus on providing personalized banking services to their customers, but BancorpSouth has a more extensive retail banking infrastructure, allowing for better customer accessibility and a wider range of traditional banking options. Hancock Whitney emphasizes its competitive strengths in technology and customer engagement, appealing to clients looking for enhanced digital banking experiences.

Carter Bank & Trust

Carter Bank & Trust operates primarily in Virginia and North Carolina and competes with Hancock Whitney in various banking sectors, particularly focused on community banking and local customer service. Both emphasize building strong relationships with their clients, but Carter Bank & Trust has a smaller market share and geographic scope, giving Hancock Whitney a competitive advantage in terms of resources and market presence. Hancock Whitney’s commitment to technology investment further allows it to provide superior service offerings compared to Carter Bank & Trust.

First Horizon Corporation 

First Horizon Corporation, with a strong footprint in the southeastern U.S., competes directly with Hancock Whitney in commercial and retail banking. First Horizon has a broader array of financial services, including insurance and investment services, which allows it to serve a diverse customer base. While Hancock Whitney focuses on personalized service and community involvement, First Horizon leverages its size to offer competitive loan products and interest rates, positioning itself as a comprehensive financial services provider.

Regions Financial Corporation 

Regions Financial Corporation and Hancock Whitney Corporation both operate in the southeastern United States, providing a range of banking products and services to individuals and businesses. They compete for similar customer segments, including retail banking, commercial banking, and wealth management services. Regions has a larger market presence and a more diversified geographic footprint which gives it an edge in reaching a broader customer base, while Hancock Whitney is known for its strong community banking approach and customer relationships.

Trustmark Corporation 

Trustmark Corporation competes with Hancock Whitney Corporation in the same regional markets, offering retail and commercial banking services. Trustmark has carved out a niche in community banking with a focus on customer service and localized decision-making, which is comparable to Hancock Whitney's approach. However, Trustmark is seen as having a slightly more conservative lending strategy, which can appeal to a risk-averse clientele. Hancock Whitney, however, has managed to maintain a strong balance sheet and growth trajectory, giving it an advantage in terms of agility in expanding its lending portfolio.