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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

Hancock Whitney Corporation (HWC) valuation and DCF model

What the price implies · reverse DCF

At $71.54 the price implies 33.8% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 6.2% a year over the last ten years, 10.3% over the last five. The price asks for more than four times its ten-year rate. Return on equity averaged 9.4% over ten years; the price implies 11.3% for good.

In December 2017 the price assumed 17.9% a year; Hancock Whitney Corporation went on to grow the dividend a share 3.7% a year to FY2025.

Price implies
33.8%
Last 5 years, reported
10.3%
Last 10 years, reported
6.2%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
33.8% a year for ten years
$71.54
today’s price
Its base case
6.2% a year for five years, then 3.7%
$8.69
87.9% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Hancock Whitney Corporation’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 33.8% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Hancock Whitney Corporation’s own cost of capital: risk-free 4.3% + beta 0.99 × equity premium 4.5% = 8.8% cost of equity; weighted, 8.8%.

Use 8.8%
Base case value per share $8.69 ten years discounted, and what follows
Current price $71.54 market price per share
Below today’s price 87.9% downside at the base case’s assumptions

How we got there$3.81 10 years of dividends+$4.89 terminal value=$8.69 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Banks Regional).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 14.25× 10.91× 12.90× 11% above 12.02× 19% above
P/FCF 10.27× 8.31× 8.91× 15% above 10.60× 3% below
P/B 1.36× 1.21× 1.16× 17% above 1.23× 10% above
EV/Sales — 1.68× 2.09× — 3.90× —
P/E P/FCF P/B EV/Sales
0.88×1.07×1.26×1.45×10Y avg 1.16×2017201820192020202120222023202420252026

HWC trades at 1.36× P/B, against a 10-year average of 1.16× (range 0.86×–1.47×). That is dearer than 89% of the last 9 year-end readings; re-rating to the average implies $61.20 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.