Hancock Whitney Corporation HWC

FinancialsBanking ServicesUnited States of America

Last close 71.99 USD on Nov 1, 2026, +15.5% year to date

Quant rating

Quant rating C Rank 330 of 799 in Financials

Growth C 338 of 799
Valuation C 426 of 799
Quality B 314 of 799
Revisions C 354 of 799
Momentum C 380 of 799

Wall Street consensus Buy (2.00)Average target 84.73 USD +17.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 5.8B
Enterprise value: 6.7B
52-week range: 55.11 – 80.13
3-year range: 34.81 – 80.13
Dividend yield: 2.78%
Beta (5 years): 1.00
Shares outstanding: 80.2M
Next earnings: Jan 18, 2027

About the company

Hancock Whitney Corporation is a bank holding company. The Company provides comprehensive financial services through its bank subsidiary, Hancock Whitney Bank (the Bank), a Mississippi state bank, and other nonbank affiliates. The Bank offers a range of traditional and online banking services to commercial, small business and retail customers, providing a variety of transaction and savings deposit products, treasury management services, secured and unsecured loan products (including revolving credit facilities), letters of credit and similar financial guarantees. The Bank provides trust and investment management services to retirement plans, corporations and individuals and provides its customers with access to investment advisory and brokerage products. It offers other services through bank and nonbank subsidiaries. The Bank's subsidiaries provide commercial finance products to middle market and corporate clients, including leases and related structures.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,615	1,693	1,620	1,137	982	–
Revenue growth	−4.6%	4.5%	42.5%	15.8%	−7.2%	8.8%
EPS (basic, normalized)	5.70	5.23	4.33	6.00	5.40	–
EPS growth	9.0%	20.7%	−27.8%	11.1%	35.7%	7.4%
Gross margin	–	–	–	–	–	–
Net margin	30.0%	27.0%	24.0%	45.4%	46.2%	34.5%
ROE	11.5%	11.7%	11.1%	15.4%	13.1%	12.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	13.2%
Long-term debt (mil)	212
Net debt (mil)	–
Total equity (mil)	4,234
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	1,615	−4.6%	4.2x	54.22	+10.8%	1.3x	5.76	+9.1%	12.5x
2026	1,651	+2.3%	4.1x	55.38	+2.1%	1.3x	6.45	+12.0%	11.2x
2027	1,786	+8.2%	3.8x	60.52	+9.3%	1.2x	7.25	+12.3%	9.9x
2028	1,871	+4.7%	3.6x	65.22	+7.8%	1.1x	7.79	+7.5%	9.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,651	−0.2%	−0.1%	+4.3%	6.45	0.0%	−0.5%	+4.0%
2027	1,786	+0.4%	+0.6%	+5.8%	7.25	−0.9%	−0.8%	+6.1%
2028	1,871	+1.5%	+3.5%	+7.1%	7.79	−3.0%	−2.4%	+1.9%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	354	360	368	365	365	375	386	389	293	404
Sales mean (mil)	357	359	367	365	368	376	391	392	393	399
Surprise	−0.9%	+0.1%	+0.2%	−0.1%	−0.9%	−0.2%	−1.4%	−0.7%	−25.4%	+1.2%
EPS reported	1.24	1.31	1.33	1.40	1.38	1.37	1.49	1.49	1.52	1.55
EPS mean	1.18	1.20	1.30	1.28	1.29	1.36	1.43	1.49	1.50	1.55
Surprise	+4.9%	+9.4%	+2.5%	+9.2%	+7.1%	+0.6%	+3.9%	0.0%	+1.5%	0.0%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
HWC Hancock Whitney Corporation	5.8B	13.2%	30.0%	1.51x	11.2x	9.9x	1.3x	1.2x
TFC Truist Financial Corporation	58.5B	12.2%	–	–	10.4x	9.9x	1.0x	0.9x
FITB Fifth Third Bancorp	48.9B	10.8%	24.0%	1.43x	13.3x	10.8x	1.5x	1.4x
RF Regions Financial Corporation	24.3B	11.8%	29.1%	1.39x	10.7x	10.0x	1.4x	1.3x
FCNCA First Citizens BancShares, Inc.	28.0B	11.7%	18.2%	1.10x	11.9x	10.9x	1.3x	1.2x
EWBC East West Bancorp, Inc.	17.9B	15.4%	30.9%	1.20x	12.1x	11.1x	1.9x	1.7x
Mean		12.5%	26.4%	1.33x	11.6x	10.5x	1.4x	1.3x
Median		12.0%	29.1%	1.39x	11.5x	10.4x	1.4x	1.2x

Technical analysis

1M−1.2%
3M−5.8%
1Y+30.2%
3Y+138.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Hancock Whitney Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	1,615	1,693	1,620	1,137	982	1,058
Total interest expense	506	611	523	87.1	49.0	115
Net interest income	1,109	1,082	1,098	1,050	933	943
Loan loss provision	51.2	52.2	59.1	−28.4	−77.5	–
Net interest income after loan loss provision	1,058	1,030	1,038	1,078	1,011	943
Non-interest income	406	364	288	331	364	324
Non-interest expense	−852	−820	−837	−751	−807	−1,392
Net income before taxes	612	574	490	659	568	−125
Provision for taxes	126	113	97.5	135	105	−79.6
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	486	461	393	524	463	−45.2
Extraordinary items	–	–	–	–	–	–
Net income	486	461	393	524	463	−45.2
Basic weighted average shares (mil)	84.9	86.3	86.1	86.1	86.8	86.5
Diluted weighted average shares (mil)	85.4	86.6	86.4	86.4	87.0	86.5
Basic EPS excluding extraordinary items	5.70	5.30	4.51	6.00	5.23	−0.54
Basic EPS, normalized	5.70	5.23	4.33	6.00	5.40	3.98

Balance sheet in millions of USD, fiscal years

Balance sheet, Hancock Whitney Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	563	575	561	564	401	526
Other earning assets	8,472	8,796	8,669	9,053	12,754	9,251
Net loans	19,368	19,182	19,627	19,245	17,328	17,982
Property, plant & equipment	4,646	4,177	4,394	3,986	3,917	3,849
Goodwill	925	855	855	855	855	855
Intangibles	67.1	35.2	44.6	56.2	70.2	86.9
Long-term investments	–	–	–	–	–	–
Other long-term assets	348	407	370	428	228	171
Other assets	1,083	1,054	1,056	995	978	916
Total assets	35,473	35,082	35,579	35,184	36,531	33,639
Liabilities
Accounts payable	14.5	20.1	45.0	9.9	3.1	4.3
Payable/accrued	–	–	–	–	–	–
Accrued expenses	122	118	126	116	122	131
Total deposits	29,280	29,493	29,690	29,070	30,466	27,698
Other bearing liabilities	400	0	700	1,425	1,100	1,100
Short-term borrowings	617	639	455	446	565	568
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	199	211	236	242	244	378
Minority interest	–	–	–	–	–	–
Other liabilities	380	474	523	531	360	321
Total liabilities	31,013	30,954	31,775	31,841	32,861	30,200
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	310	310	310	310	310	310
Additional paid-in capital	1,491	1,720	1,740	1,717	1,756	1,758
Retained earnings (accumulated deficit)	3,036	2,705	2,376	2,088	1,659	1,292
Treasury stock	–	–	–	–	–	–
Other equity	−376	−606	−621	−772	−53.9	80.1
Total equity	4,460	4,128	3,804	3,343	3,670	3,439
Total liabilities & shareholders' equity	35,473	35,082	35,579	35,184	36,531	33,639

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Hancock Whitney Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	486	461	393	524	463	−45.2
Depreciation, depletion & amortization	37.3	41.7	46.3	45.6	45.8	50.0
Deferred taxes	23.2	4.3	14.0	−22.2	10.4	−20.7
Non-cash items	12.8	7.8	7.6	52.2	67.8	48.2
Changes in working capital	−17.6	111	34.8	242	−1.4	323
Cash from operations	542	626	495	842	586	355
Investing activities
Capital expenditures	−18.7	−10.2	−25.0	−29.1	−23.5	−37.9
Other investing cash flows	−296	285	−270	692	−3,201	−3,140
Cash from investing	−314	275	−295	662	−3,225	−3,177
Financing activities
Financing cash flow items	−221	−207	614	−1,403	2,761	3,902
Cash dividends paid	−154	−131	−105	−94.5	−95.9	−95.6
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	136	−549	−713	156	−151	−890
Cash from financing	−239	−887	−203	−1,341	2,514	2,916
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−11.9	13.7	−3.3	163	−125	94.2
Free cash flow	523	616	470	813	562	317

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.