Hancock Whitney - one of America's strongest and safest banks has been named to Forbes' list of America's Best Banks 2022. Forbes’ 13th annual America’s Best Banks list looks at growth, credit quality and profitability to rank the 100 largest publicly-traded banks. Hancock Whitney is honored to be on this list – proving strength and stability for more than 120 years.
This independent third-party recognition is especially meaningful because of how much the banking industry has changed in recent years and how our associates have remained resilient to serving our communities. Amid more uncertainty from a protracted pandemic and devastation from storms, our associates carried on - upholding our commitment to those we serve. During the year, we initiated new ways to help clients and communities, enhanced diverse insights essential to running our organization and preserved carefully the company’s trademark trustworthiness and financial soundness.
Especially active Atlantic hurricane seasons brought several named storms to the Gulf Coast, leaving devastation and further financial uncertainty across many of the communities Hancock Whitney serves. The bank’s efforts in the aftermath of those storms included giving away thousands of hots meals prepared by local businesses, distributing thousands of pounds of free ice, and setting up mobile banking units in the most heavily damaged neighborhoods and business districts.
Hancock Whitney also invested more than $5 million in community contributions, $525 million in community development, and $743 million in small business loans to help sustain local economies during the pandemic and in the storms’ wakes.
We are here to provide the tools and support our clients need during every step of their financial journey. and this recognition from Forbes reinforces to our current clients and community members that Hancock Whitney has the capabilities and track record to provide ongoing financial success.
Forbes used data provided by S&P Global Market Intelligence to look at growth, profitability and asset quality from bank regulatory filings through September 30, 2021. The nine metrics considered were: non-performing assets as a percentage of total assets; reserves as a percentage of non-performing assets; CET1 ratio, which compares a bank's capital against its risk-weighted assets; risk-based capital ratio; return on average tangible common equity; return on average assets; net interest margin; operating revenue growth; and net charge-offs as a percentage of total loans.
Read Forbes’ full article, including the complete list of America’s Best Banks.
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