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Hancock Whitney Corporation

HWC Financial Banks Regional

Hancock Whitney Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, down 1.75% from fiscal 2024.

Revenue
+7.54%
EPS
−8.05%
Free cash flow
+23.3%
Total debt
+0.74%

Quarter to September 2026, against a year earlier

71.54 1.72 −2.35%
Market cap
$5.7B
P/E
14.3×
Fwd P/E
14.0×
Dividend yield
2.73%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 7.25
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 2 — — 1 — 1 1 — — —
Insider Ownership 1.12%

Capital & Financial Ratios $m

Size
Market Cap 5,730.00
Revenue ttm 1,998.76
Net income ttm 427.42
Free cash flow ttm 559.70
Net debt Q (420.66)
Valuation
P/E 14.25
Forward P/E 14.00
Price / sales 2.88
Forward P/S Powerpack
Price / FCF 10.27
Price / book 1.36
Financial health
Current ratio Q 0.80
Debt / equity Q 0.05
Interest coverage Q —
Growth
Revenue growth Q +7.54% (above 0%: growing)
Operating income growth Q −11.42% (below 0%: shrinking)
EPS, this year +13.79%
EPS, next year A +12.01%
Revenue, next year A −19.70% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +11.13%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 66.27%
10-year low 10-year high
P/S against its own 10 years 62.34%
10-year low 10-year high
P/B against its own 10 years 81.74%
10-year low 10-year high

Dividends raised 3 years running

Yield
2.73%
Annual rate
1.95
Payout ratio
39.2%
Growth, 2017–25
+8.17%/yr
  1. 0.96 ’17
  2. 1.02 ’18 +6
  3. 1.08 ’19 +6
  4. 1.08 ’20 +0
  5. 1.08 ’21 +0
  6. 1.08 ’22 +0
  7. 1.20 ’23 +11
  8. 1.50 ’24 +25
  9. 1.80 ’25 +20
  10. 1.99 ’26e +11
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,188 1,515 695 633
Receivables — — — —
Inventory — — — —
Other — — — —
24,986 24,660 24,518 26,864
2023 2024 2025 Q'26
Payables 29,690 29,493 29,280 32,177
ST’ Debt — — — —
Other — — — —
30,890 30,152 30,312 33,482

Compound Annual Growth %

10y 5y 3y
Sales 8.22% 7.89% 11.23%
Cash Flow 8.68% 8.81% (13.67%)
Earnings 14.22% 0.00% (2.48%)
Book Value 6.34% 5.34% 10.09%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.65 Actual 1.66

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.48 1.49 Beat by 0.01
Q1 FY26 1.48 1.52 Beat by 0.04
Q2 FY26 1.55 1.55 Met by 0.00
Q3 FY26 1.65 1.66 Beat by 0.01
Q4 FY26 1.70 — Reports 19 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.57 1.55 1.36 — —
’25 1.38 1.32 1.49 1.49 5.67
’24 1.24 1.31 1.33 1.40 5.28
’23 1.45 1.35 1.12 0.58 4.50
’22 1.40 1.38 1.55 1.65 5.98
’21 1.21 1.00 1.46 1.55 5.22
’20 (1.28) (1.36) 0.90 1.17 (0.54)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 409 521 554 — —
’25 490 501 515 515 2,021
’24 510 517 525 505 2,057
’23 453 488 502 466 1,909
’22 320 341 385 423 1,469
’21 338 343 338 328 1,347
’20 362 340 341 340 1,382
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 114 151 — — —
’25 104 126 159 153 542
’24 167 105 162 192 626
’23 86 129 188 93 495
’22 281 206 188 167 842
’21 255 113 163 55 586
’20 12 55 161 128 355
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 108 150 — — —
’25 100 122 155 146 523
’24 164 104 159 195 622
’23 80 116 181 126 503
’22 269 199 195 149 813
’21 251 109 159 46 564
’20 2 45 149 121 317
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 33.8% a year for ten years. It grew 6.2% a year over the last ten.

Implied
33.8%
10 years, reported
6.2%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 983 1,168 1,313 1,442 1,382 1,347 1,469 1,909 2,057 2,021 1,999 +8.3% 1,623 1,787 1,869 (2.6%)
Gross margin, % 92.57 90.73 86.34 84.01 91.65 96.36 94.07 72.61 70.29 74.97 75.22 (17.6) pt
EBT 187 308 382 393 (125) 568 659 490 574 612 521 +14.1%
EBT margin, % 19.02 26.40 29.09 27.24 (9.02) 42.18 44.89 25.67 27.90 30.30 26.08 +11.3 pt
Net income 149 216 324 327 (45) 463 524 393 461 486 427 +14.0%
Per share, $
Per share, $ Revenue 12.63 13.79 15.39 16.67 15.98 15.51 17.06 22.16 23.82 23.80 24.88 +7.3%
Earnings 1.87 2.48 3.72 3.72 (0.54) 5.23 6.00 4.51 5.30 5.70 5.02 +13.2%
Cash flow 4.42 4.85 5.26 4.07 4.10 6.75 9.78 5.75 7.25 6.38 0.00 +4.2%
Capex (0.15) (0.24) (0.59) (0.49) (0.44) (0.25) (0.34) 0.09 (0.05) (0.22) 0.00 +4.2%
Free cash flow 4.27 4.61 4.67 3.58 3.67 6.50 9.45 5.84 7.20 6.16 0.00 +4.2%
Book value 34.94 34.06 36.10 40.09 39.74 42.27 38.84 44.16 47.80 52.53 52.71 +4.6%
Shares, m 78 85 85 86 87 87 86 86 86 85 82 +1.0%
Valuation, ×
Valuation, × P/E 23.61 20.12 9.34 11.80 0.00 9.56 7.99 10.77 10.34 11.17 14.25 11.5
P/S 3.50 3.63 2.25 2.63 2.13 3.23 2.81 2.19 2.30 2.68 2.88 2.7
P/B 1.26 1.47 0.96 1.09 0.86 1.18 1.23 1.10 1.14 1.21 1.36 1.2
EV/Sales 3.48 3.48 2.05 2.42 1.06 0.26 2.37 1.69 1.66 2.43 — 2.1
EV/FCF 10.31 10.41 6.75 11.27 4.61 0.63 4.28 6.40 5.50 9.39 — 7.0
Cash, $m
Cash, $m Operating cash flow 344 411 449 352 355 586 842 495 626 542 577 +5.2%
Capex (12) (20) (51) (43) (38) (22) (29) 8 (4) (19) (18) +5.2%
Free cash flow 332 391 399 309 317 564 813 503 622 523 560 +5.2%
Balance, $m
Balance, $m Working capital (3,569) (4,578) (4,310) (4,817) (5,930) (6,920) (7,099) (5,904) (5,492) (5,794) (6,617) +5.5%
Net debt (15) (174) (269) (309) (1,482) (3,988) (646) (952) (1,304) (496) (421) +48.0%
Shareholders’ equity 2,720 2,885 3,081 3,468 3,439 3,670 3,343 3,804 4,128 4,460 4,234 +5.6%
Returns, %
Returns, % ROA 0.62 0.82 1.14 1.09 (0.15) 1.29 1.46 1.11 1.30 1.38 1.10 +0.8 pt
ROIC 4.32 7.11 8.49 7.77 (3.98) 0.00 15.28 10.74 12.71 9.65 8.54 +5.3 pt
ROE 5.68 7.53 10.65 9.83 (1.36) 12.77 14.95 10.99 11.62 11.32 9.42 +5.6 pt
People
People Employees 3,724 3,887 3,933 4,136 3,986 3,486 3,627 3,591 3,476 3,627 — (0.3%)
Revenue/emp, $m 0.26 0.30 0.33 0.35 0.35 0.39 0.40 0.53 0.59 0.56 — +8.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Hancock Whitney Corporation is a bank holding company headquartered in Gulfport, Mississippi. Founded in 1899, it provides financial services primarily through Hancock Whitney Bank and other subsidiaries. John M. Hairston is its president and chief executive officer.

The bank serves businesses and individuals with checking and savings accounts, loans and other everyday banking services. Business customers can borrow for working capital, equipment, real estate and expansion. They can also use treasury management services to handle their finances, as well as obtain letters of credit and other financial guarantees. Individual customers can access mortgages, home equity lines and other consumer loans.

Hancock Whitney Corporation vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GBCI Glacier Bancorp, Inc. $6.3B 18.2× 16.0× +16.53% (above 0%: growing) +40.35% (above 0%: growing) +44.07% (above 0%: growing) 78.55% 0.00% Compare
HOMB Home BancShares, Inc. $6.0B 12.3× 11.9× +1.68% (above 0%: growing) +3.17% (above 0%: growing) +20.30% (above 0%: growing) 75.64% 0.00% Compare
HWC Hancock Whitney Corporation $5.7B 14.3× 14.0× +7.54% (above 0%: growing) −8.05% (below 0%: shrinking) +23.30% (above 0%: growing) 75.86% 0.00%
ASB Associated Banc-Corp $5.7B 10.5× 10.6× +12.99% (above 0%: growing) +5.48% (above 0%: growing) +117.24% (above 0%: growing) 64.43% 0.00% Compare
IFS Intercorp Financial Services Inc. $5.6B 13.8× — (loss-making) +18.27% (above 0%: growing) +106.49% (above 0%: growing) +720.11% (above 0%: growing) 75.55% 0.00% Compare
OZK Bank OZK $5.6B 8.6× 8.6× −5.02% (below 0%: shrinking) −6.25% (below 0%: shrinking) +47.62% (above 0%: growing) 63.26% 0.00% Compare
AUB Atlantic Union Bankshares Corporation $5.5B 10.7× 10.1× +0.13% (above 0%: growing) +50.79% (above 0%: growing) +18.83% (above 0%: growing) 68.93% 0.00% Compare
ABCB Ameris Bancorp $5.5B 14.3× 14.2× +1.71% (above 0%: growing) +12.26% (above 0%: growing) +31.88% (above 0%: growing) 73.36% 0.00% Compare
AX AXOS FINANCIAL, INC $5.2B 10.3× 9.1× +16.63% (above 0%: growing) +14.79% (above 0%: growing) +115.45% (above 0%: growing) 68.01% 0.00% Compare
Median of peers $5.6B 11.5× 10.6× +7.35% +13.53% +45.85% 71.15% 0.00%

All 327 Banks Regional stocks →

From the latest earnings call

Updated

  • On the Q1 call, CEO John Hairston said Hancock Whitney added 27 net new revenue producers and expected loan growth to improve as the year progressed.
  • CFO Michael Achary said the bank’s bond restructuring helped expand its Q1 margin and that deposit costs had also fallen.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 96.08%
Held by the ten largest 57.48%
Holder Shares Stake Change
BlackRock 10.91m 13.55% +519.53k
Vanguard 8.85m 11.00% −506.19k
Fidelity (FMR) 7.28m 9.04% −54.09k
Dimensional Fund Advisors 4.81m 5.98% +21.41k
State Street 4.30m 5.34% +48.62k
FULLER & THALER ASSET MANAGEMENT, INC. 2.81m 3.49% +644.98k
Geode Capital Management 2.35m 2.92% +100.49k
American Century 1.88m 2.34% −27.96k
Wellington Management 1.54m 1.92% −229.29k
Goldman Sachs 1.53m 1.90% +319.41k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 17 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.33m 10.02m 213.75
2024 5.77m 8.48m 143.82
2023 5.57m 5.10m 123.90
2022 6.66m 8.16m 120.08
2021 5.94m 9.10m 121.57

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 12.70%
The Vanguard Group 11.90%
FMR, LLC 8.80%
Dimensional Fund Advisors LP 5.80%
State Street Corp. 5.50%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Hancock Whitney Corporation (HWC) Latest News

22 Oct

Impact 3 · · Simply Wall St.

21 Oct

Impact 4 · · The Motley Fool

20 Oct

Impact 4 · · Moby
Impact 4 · · MarketBeat
Impact 4 · · Business Wire
Impact 3 · · The Motley Fool transcript
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press

16 Oct

Impact 3 · · Simply Wall St.

15 Oct

Impact 3 · · Zacks

14 Oct

Impact 3 · · Zacks

13 Oct

Impact 3 · · Zacks

8 Oct

Impact 3 · · Insider Monkey

4 Aug

Impact 4 ·

3 Aug

Impact 4 ·

24 Jul

Impact 3 ·

22 Jul

Impact 4 ·
Impact 4 ·
Impact 3 · · Moby transcript

21 Jul

Impact 3 · · MarketBeat transcript
Impact 3 ·

20 Jul

Impact 4 ·

18 May

Impact 4 · · Zacks
Impact 4 · · bankingdive.com

15 May

Impact 4 · · americanbanker.com
Impact 4 · · Business Wire

30 Apr

Impact 4 · · MarketBeat

26 Apr

Impact 3 · · Simply Wall St.

22 Apr

Impact 4 · · Zacks

HWC metrics, ten years each

stockrow.com/HWC · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com