NASDAQ : HWC
Hancock Whitney Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 71.99 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.72B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.41B | 1.36B | 1.45B | 1.38B | 942.44M | 828.40M |
| Interest Income on Investments | 257.12M | 257.12M | 238.95M | 239.51M | 194.62M | 153.85M |
| Total Interest Income | 1.67B | 1.61B | 1.69B | 1.62B | 1.14B | 982.26M |
| Interest Paid on Deposits | 459.83M | 470.35M | 574.44M | 443.92M | 58.44M | 26.25M |
| Interest Paid on Borrowings | 35.50M | 35.50M | 36.63M | 78.97M | 28.62M | 22.78M |
| Total Interest Expense | 495.33M | 505.85M | 611.07M | 522.90M | 87.06M | 49.02M |
| Net Interest Income | 1.17B | 1.11B | 1.08B | 1.10B | 1.05B | 933.24M |
| Trust Income | 100.26M | 89.63M | 71.73M | 67.56M | 65.13M | 62.90M |
| Mortgage Banking Activities | 14.13M | 14.77M | 12.37M | 9.16M | 11.52M | 36.69M |
| Gain (Loss) on Sale of Assets | 6.12M | 6.12M | 7.82M | 19.39M | 3.10M | |
| Gain (Loss) on Sale of Investments | -102.86M | -4.27M | -6.25M | -71.17M | -4.86M | 3.27M |
| Other Non-Interest Income | 203.60M | 196.76M | 181.10M | 171.73M | 164.16M | 172.40M |
| Total Non-Interest Income | 325.72M | 402.19M | 357.88M | 282.69M | 326.72M | 356.30M |
| Revenues Before Loan Losses | 1.50B | 1.51B | 1.44B | 1.38B | 1.38B | 1.29B |
| Provision for Loan Losses | 56.19M | 51.18M | 52.17M | 59.10M | -28.40M | -77.49M |
| Revenue | 1.44B | 1.46B | 1.39B | 1.32B | 1.41B | 1.37B |
| Salaries and Employee Benefits | 500.16M | 450.95M | 446.67M | 436.14M | 437.15M | 459.93M |
| Occupancy Expenses | 39.36M | 37.99M | 37.03M | 35.04M | 32.12M | 32.11M |
| Federal Deposit Insurance | 17.99M | 17.99M | 24.21M | 49.98M | 14.89M | 13.58M |
| Amortization of Goodwill & Intangibles | 10.28M | 9.95M | 9.41M | 11.56M | 14.03M | 16.66M |
| Selling, General & Administrative | 277.93M | 277.93M | 251.68M | 245.65M | 227.17M | 226.72M |
| Other Non-Interest Expense | 68.47M | 43.57M | 43.32M | 27.19M | 24.97M | 39.91M |
| Total Non-Interest Expense | 915.87M | 841.47M | 809.86M | 804.93M | 745.92M | 788.71M |
| EBT Excluding Unusual Items | 527.12M | 618.31M | 577.77M | 516.25M | 659.20M | 578.32M |
| Other Unusual Items | -3.80M | -26.12M | ||||
| Pretax Income | 521.20M | 612.39M | 573.97M | 490.13M | 659.20M | 568.06M |
| Income Tax Expense | 111.19M | 126.32M | 113.16M | 97.53M | 135.11M | 104.84M |
| Net Income | 410.01M | 486.07M | 460.81M | 392.60M | 524.09M | 463.21M |
| Preferred Dividends & Other Adjustments | 1.25M | 2.04M | 3.03M | 4.01M | 7.62M | 9.13M |
| Net Income to Common | 408.76M | 484.03M | 457.79M | 388.59M | 516.47M | 454.08M |
| Basic Shares Outstanding | 81.42M | 84.91M | 86.35M | 86.13M | 86.07M | 86.82M |
| Diluted Shares Outstanding | 82.04M | 85.44M | 86.65M | 86.42M | 86.39M | 87.03M |
| EPS (Basic) | 5.02 | 5.70 | 5.30 | 4.51 | 6.00 | 5.23 |
| EPS (Diluted) | 4.99 | 5.67 | 5.28 | 4.50 | 5.98 | 5.22 |
| Dividend Per Share | 1.95 | 1.80 | 1.50 | 1.20 | 1.08 | 1.08 |
| Effective Tax Rate | 21.33% | 20.63% | 19.71% | 19.90% | 20.50% | 18.46% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 563.22M | 575.32M | 561.64M | 565.19M | 401.66M | |
| Investment Securities | 632.87M | 1.58B | 2.44B | 2.11B | 1.87B | 5.30B |
| Trading Asset Securities | 63.13M | 73.84M | 90.71M | 109.50M | 75.87M | |
| Mortgage-Backed Securities | 7.76B | 6.73B | 6.18B | 6.20B | 6.95B | 7.16B |
| Total Investments | 8.39B | 8.38B | 8.70B | 8.41B | 8.93B | 12.54B |
| Gross Loans | 26.54B | 23.96B | 23.30B | 23.92B | 23.11B | 21.13B |
| Allowance for Loan Losses | -339.67M | -307.73M | -318.88M | -307.91M | -307.79M | -342.06M |
| Net Loans | 26.20B | 23.65B | 22.98B | 23.61B | 22.81B | 20.79B |
| Property, Plant & Equipment | 363.24M | 378.59M | 407.44M | 425.49M | 452.55M | |
| Goodwill | 925.40M | 855.45M | 855.45M | 855.45M | 855.45M | |
| Other Intangible Assets | 1.23B | 67.07M | 35.22M | 44.64M | 56.19M | 70.23M |
| Loans Held for Sale | 30.66M | 33.16M | 21.52M | 26.12M | 26.39M | 93.07M |
| Accrued Interest Receivable | 138.51M | 143.24M | 157.18M | 131.85M | 96.94M | |
| Other Receivables | 23.00M | 19.21M | 57.76M | 35.04M | 128.09M | |
| Other Current Assets | 91.74M | 110.02M | 141.41M | 72.48M | 105.00M | |
| Long-Term Deferred Tax Assets | 55.80M | 146.57M | 153.38M | 211.42M | ||
| Other Real Estate Owned & Foreclosed | 10.92M | 14.79M | 27.80M | 3.63M | 2.02M | 7.53M |
| Other Long-Term Assets | 2.72B | 1.14B | 1.08B | 1.01B | 998.31M | 934.44M |
| Total Assets | 38.58B | 35.47B | 35.08B | 35.58B | 35.18B | 36.53B |
| Interest Bearing Deposits | 21.62B | 17.44B | 18.90B | 18.66B | 15.43B | 16.07B |
| Institutional Deposits | 1.47B | |||||
| Non-Interest Bearing Deposits | 10.55B | 10.37B | 10.60B | 11.03B | 13.65B | 14.39B |
| Total Deposits | 32.18B | 29.28B | 29.49B | 29.69B | 29.07B | 30.47B |
| Short-Term Borrowings | 1.30B | 1.11B | 799.64M | 1.36B | 2.08B | 1.70B |
| Current Portion of Leases | 18.74M | |||||
| Accrued Interest Payable | 14.48M | 20.15M | 45.00M | 9.94M | 3.10M | |
| Long-Term Debt | 212.21M | 199.41M | 210.54M | 236.32M | 242.08M | 244.22M |
| Long-Term Leases | 102.77M | 117.82M | 125.62M | 116.42M | 122.08M | |
| Long-Term Deferred Tax Liabilities | 19.43M | |||||
| Other Long-Term Liabilities | 655.32M | 284.81M | 313.15M | 315.95M | 327.02M | 306.01M |
| Total Liabilities | 34.35B | 31.01B | 30.95B | 31.77B | 31.84B | 32.86B |
| Common Stock | 1.59B | 309.51M | 309.51M | 309.51M | 309.51M | 309.51M |
| Additional Paid-In Capital | 1.49B | 1.72B | 1.74B | 1.72B | 1.76B | |
| Retained Earnings | 3.20B | 3.04B | 2.70B | 2.38B | 2.09B | 1.66B |
| Comprehensive Income & Other | -554.38M | -376.25M | -606.09M | -621.13M | -772.18M | -53.94M |
| Shareholders' Equity | 4.23B | 4.46B | 4.13B | 3.80B | 3.34B | 3.67B |
| Total Liabilities & Equity | 38.58B | 35.47B | 35.08B | 35.58B | 35.18B | 36.53B |
| Total Debt | 1.52B | 1.43B | 1.13B | 1.72B | 2.43B | 2.07B |
| Net Cash (Debt) | -1.52B | -675.18M | 460.47M | -444.91M | -1.44B | 2.24B |
| Net Cash Per Share | -18.48 | -7.90 | 5.31 | -5.15 | -16.62 | 25.75 |
| Filing Date Shares Outstanding | 79.49M | 81.66M | 86.13M | 86.35M | 85.98M | 86.77M |
| Total Common Shares Outstanding | 79.49M | 82.26M | 86.12M | 86.34M | 85.94M | 86.75M |
| Book Value Per Share | 53.27 | 54.22 | 47.93 | 44.05 | 38.89 | 42.31 |
| Tangible Book Value | 3.01B | 3.47B | 3.24B | 2.90B | 2.43B | 2.74B |
| Tangible Book Value Per Share | 37.83 | 42.16 | 37.58 | 33.63 | 28.29 | 31.64 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 486.07M | 460.81M | 392.60M | 524.09M | 463.21M | |
| Depreciation & Amortization | 37.27M | 41.71M | 46.28M | 45.62M | 45.78M | |
| Gain (Loss) on Sale of Assets | -467.00K | -3.26M | -16.72M | -4.12M | 12.07M | |
| Gain (Loss) on Sale of Investments | 13.10M | 13.70M | 81.76M | 35.58M | 49.98M | |
| Provision for Credit Losses | 51.18M | 52.17M | 59.10M | -28.40M | -77.49M | |
| Change in Other Net Operating Assets | -77.75M | 56.88M | -144.82M | 295.24M | 59.27M | |
| Other Operating Activities | 23.84M | -2.15M | 3.68M | -56.31M | -10.44M | |
| Operating Cash Flow | 541.78M | 625.74M | 495.25M | 842.02M | 585.69M | |
| Capital Expenditures | -18.72M | -10.24M | -25.02M | -29.14M | -23.54M | |
| Sale of Property, Plant and Equipment | 6.14M | 33.13M | 62.00K | 1.91M | ||
| Cash Acquisitions | -112.07M | |||||
| Investment in Securities | 545.34M | -369.81M | 599.56M | 2.71B | -3.97B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -736.80M | 526.63M | -853.12M | -2.06B | 693.44M | |
| Other Investing Activities | 7.90M | 122.03M | -49.76M | 39.07M | 77.47M | |
| Investing Cash Flow | -314.36M | 274.76M | -295.21M | 662.36M | -3.22B | |
| Short-Term Debt Issued | 378.28M | 206.21M | ||||
| Long-Term Debt Issued | 5.63M | 22.39M | ||||
| Total Debt Issued | 378.28M | 211.84M | 22.39M | |||
| Short-Term Debt Repaid | -515.81M | -716.44M | -2.45M | |||
| Long-Term Debt Repaid | -480.00K | -153.44M | ||||
| Total Debt Repaid | -515.81M | -716.44M | -480.00K | -155.90M | ||
| Net Debt Issued (Repaid) | 378.28M | -515.81M | -716.44M | 211.36M | -133.51M | |
| Issuance of Common Stock | 4.44M | 4.12M | 3.81M | 3.80M | 4.36M | |
| Repurchase of Common Stock | -255.18M | -47.05M | -5.68M | -66.28M | -29.16M | |
| Common Dividends Paid | -153.80M | -130.84M | -104.70M | -94.46M | -95.93M | |
| Net Increase (Decrease) in Deposit Accounts | -213.08M | -197.21M | 619.71M | -1.40B | 2.77B | |
| Financing Cash Flow | -239.34M | -886.79M | -203.29M | -1.34B | 2.51B | |
| Net Cash Flow | -11.91M | 13.71M | -3.26M | 163.26M | -125.11M | |
| Free Cash Flow | 523.06M | 615.50M | 470.22M | 812.88M | 562.15M | |
| Free Cash Flow Margin | 35.83% | 44.36% | 35.59% | 57.85% | 41.12% | |
| Free Cash Flow Per Share | 6.12 | 7.10 | 5.44 | 9.41 | 6.46 | |
| Cash Interest Paid | 511.36M | 635.77M | 487.68M | 80.08M | 49.99M | |
| Cash Income Tax Paid | 103.14M | 66.11M | 101.75M | 135.19M | 122.59M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.84B | 5.32B | 4.71B | 4.19B | 4.15B | 4.34B |
| Last Close Price | 73.45 | 62.33 | 51.93 | 44.74 | 43.31 | 43.85 |
| PE Ratio | 14.72 | 11.00 | 10.29 | 10.77 | 8.03 | 9.56 |
| PS Ratio | 4.05 | 3.65 | 3.39 | 3.17 | 2.95 | 3.18 |
| PB Ratio | 1.38 | 1.19 | 1.14 | 1.10 | 1.24 | 1.18 |
| P/FCF Ratio | 10.43 | 10.18 | 7.65 | 8.90 | 5.10 | 7.73 |
| P/OCF Ratio | 10.11 | 9.83 | 7.53 | 8.45 | 4.92 | 7.42 |
| Debt / Equity Ratio | 0.36 | 0.32 | 0.27 | 0.45 | 0.73 | 0.56 |
| Debt / FCF Ratio | 2.74 | 1.83 | 3.67 | 2.99 | 3.68 | |
| Net Debt / Equity Ratio | 0.36 | 0.15 | -0.11 | 0.12 | 0.43 | -0.61 |
| Net Debt / FCF Ratio | 1.29 | -0.75 | 0.95 | 1.77 | -3.99 | |
| Return on Equity (ROE) | 9.42% | 11.32% | 11.62% | 10.99% | 14.95% | 13.03% |
| Return on Assets (ROA) | 1.10% | 1.38% | 1.30% | 1.11% | 1.46% | 1.32% |
| Earnings Yield | 6.79% | 9.13% | 9.79% | 9.38% | 12.64% | 10.67% |
| FCF Yield | 9.59% | 9.82% | 13.07% | 11.23% | 19.60% | 12.94% |
| Dividend Yield | 2.72% | 2.78% | 2.74% | 2.48% | 2.24% | 2.16% |
| Payout Ratio | 40.08% | 31.64% | 28.39% | 26.67% | 18.02% | 20.71% |
| Buyback Yield / Dilution | 4.76% | 1.39% | -0.26% | -0.03% | 0.73% | -0.57% |
| Total Shareholder Return | 7.49% | 4.17% | 2.48% | 2.44% | 2.96% | 1.59% |