Hancock Whitney to acquire Sabal Trust, expanding Florida wealth management with $3B AUM

HANCOCK WHITNEY CORP

Acquires Sabal Trust Company, a non-depository trust company in St. Petersburg, FL, with $3B in assets under management.
Sabal earned $22.1M revenue in 2024; deal expected to close Q2 2025, subject to regulatory approvals.
Transaction expected to be immediately accretive to GAAP EPS excluding one-time costs; financial terms not disclosed.
Expands wealth management in high-growth Tampa and Orlando MSAs with four locations.

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