Hancock Whitney Corporation (HWC) 10-Year Financial Performance & Capital Metrics

HWC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutHancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It accepts various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts. The company also offers loans products comprising commercial and industrial loans; commercial real estate loans; construction and land development loans; residential mortgages; consumer loans comprising second lien mortgage home loans, home equity lines of credit, and nonresidential consumer purpose loans; revolving credit facilities; and letters of credit and financial guarantees. In addition, it offers investment brokerage and treasury management services, and annuity and life insurance products; and trust and investment management services to retirement plans, corporations, and individuals. Further, the company facilitates investments in new market tax credit activities; and holds various foreclosed assets. The company operates 177 banking locations and 239 automated teller machines primarily in the Gulf south corridor, including southern and central Mississippi; southern and central Alabama; southern, central, and northwest Louisiana; the northern, central, and panhandle regions of Florida; and certain areas of east Texas, including Houston, Beaumont, Dallas, and San Antonio. It also operates a loan production office in Tennessee; and a trust and asset management office in Texas. The company was formerly known as Hancock Holding Company and changed its name to Hancock Whitney Corporation in May 2018. Hancock Whitney Corporation was founded in 1899 and is headquartered in Gulfport, Mississippi.Show more

Net Interest Income $1.08B -1.4%
Total Revenue $2.05B +8.5%
Net Income $461M +17.4%
Return on Equity 11.62% +5.8%
Net Interest Margin 3.08%
Efficiency Ratio 39.63% -8.4%
ROA 1.3% +17.5%
Equity / Assets 11.77% +10.1%
Book Value per Share 47.64 +8.2%
Tangible BV/Share 37.36 +11.2%
Debt/Equity 0.23 -41.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 39.6% efficiency ratio
✓Well capitalized: 11.8% equity/assets
✓Healthy dividend yield of 2.2%
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.19%

5Y7.29%

3Y15.06%

TTM-

Profit (Net Income) CAGR

10Y10.12%

5Y7.08%

3Y-0.17%

TTM23.95%

EPS CAGR

10Y9.66%

5Y7.26%

3Y0.38%

TTM25.34%

ROCE

10Y Avg9.05%

5Y Avg9.66%

3Y Avg12.73%

Latest11.93%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	625.17M	659.12M	792.31M	848.84M	895.22M	942.52M	933.24M	1.05B	1.1B	1.08B
NII Growth %	-0.05%	0.05%	0.2%	0.07%	0.05%	0.05%	-0.01%	0.13%	0.05%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	679.65M	732.17M	900.58M	1.03B	1.13B	1.06B	982.26M	1.14B	1.62B	1.69B
Interest Expense	54.47M	73.05M	108.27M	179.43M	230.56M	115.46M	49.02M	87.06M	522.9M	611.07M
Loan Loss Provision	73.04M	110.66M	58.97M	36.12M	47.71M	602.9M	-77.49M	-28.4M	59.1M	52.17M
Non-Interest Income+	243.03M	248.88M	260.3M	260.49M	315.91M	324.43M	362.91M	328.39M	269.09M	356.31M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	922.68M	981.05M	1.16B	1.29B	1.44B	1.38B	1.35B	1.47B	1.89B	2.05B
Revenue Growth %	-0.01%	0.06%	0.18%	0.11%	0.12%	-0.04%	-0.03%	0.09%	0.29%	0.08%
Non-Interest Expense	625.4M	610.42M	685.21M	691.09M	770.68M	788.79M	805.58M	747.6M	817.46M	812.09M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	169.76M	186.92M	308.43M	382.12M	392.74M	-124.75M	568.06M	659.2M	490.13M	573.97M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.3%	0.1%	0.65%	0.24%	0.03%	-1.32%	5.55%	0.16%	-0.26%	0.17%
Pretax Income+	169.76M	186.92M	308.43M	382.12M	392.74M	-124.75M	568.06M	659.2M	490.13M	573.97M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	38.3M	37.63M	92.8M	58.35M	65.36M	-79.57M	104.84M	135.11M	97.53M	113.16M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	131.46M	149.3M	215.63M	323.77M	327.38M	-45.17M	463.21M	524.09M	392.6M	460.81M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.25%	0.14%	0.44%	0.5%	0.01%	-1.14%	11.25%	0.13%	-0.25%	0.17%
Net Income (Continuing)	131.46M	149.3M	215.63M	323.77M	327.38M	-45.17M	463.21M	524.09M	392.6M	460.81M
EPS (Diluted)+	1.64	1.87	2.48	3.72	3.72	-0.54	5.22	5.98	4.50	5.28
EPS Growth %	-0.22%	0.14%	0.33%	0.5%	0%	-1.15%	10.67%	0.15%	-0.25%	0.17%
EPS (Basic)	1.64	1.87	2.49	3.72	3.72	-0.54	5.23	6.00	4.51	5.30
Diluted Shares Outstanding	80.16M	79.84M	86.6M	85.52M	86.6M	86.53M	88.57M	87.35M	86.42M	86.65M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	868.54M	449.92M	479.11M	493.95M	542.07M	1.86B	4.23B	887.79M	1.19B	1.51B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	20.01B	21.57B	24.72B	25.53B	27.46B	29.06B	29.6B	31.44B	31.42B	30.76B
Investments Growth %	0.14%	0.08%	0.15%	0.03%	0.08%	0.06%	0.02%	0.06%	-0%	-0.02%
Long-Term Investments	17.91B	19.06B	21.8B	22.84B	22.78B	23.06B	22.61B	25.89B	26.51B	25.6B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	621.19M	621.19M	745.52M	790.97M	855.45M	855.45M	855.45M	855.45M	855.45M	855.45M
Intangible Assets	107.54M	87.76M	90.64M	96.15M	106.81M	86.89M	70.23M	56.19M	44.64M	35.22M
PP&E (Net)	377.01M	361.61M	333.66M	353.67M	490.23M	491.21M	452.55M	425.49M	407.44M	378.59M
Other Assets	675.63M	676.31M	807.87M	825.84M	986.16M	1.04B	1.06B	1.09B	1.25B	1.18B
Total Current Assets	3.06B	3.07B	3.5B	3.31B	5.38B	8.11B	11.48B	6.61B	6.36B	6.88B
Total Non-Current Assets	19.77B	20.91B	23.84B	24.93B	25.22B	25.53B	25.05B	28.53B	29.22B	28.2B
Total Assets+	22.84B	23.98B	27.34B	28.24B	30.6B	33.64B	36.53B	35.18B	35.58B	35.08B
Asset Growth %	0.1%	0.05%	0.14%	0.03%	0.08%	0.1%	0.09%	-0.04%	0.01%	-0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	-0%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	6.61M	9.57M	8.68M	12.27M	10.2M	4.32M	3.1M	9.94M	45M	20.15M
Total Debt+	1.92B	1.66B	2.01B	1.81B	3.08B	2.18B	2.03B	2.23B	1.52B	967.38M
Net Debt	1.05B	1.21B	1.53B	1.32B	2.53B	316.8M	-2.2B	1.34B	328.92M	-546.84M
Long-Term Debt	490.14M	436.28M	305.51M	224.99M	233.46M	378.32M	244.22M	242.08M	236.32M	210.54M
Short-Term Debt	1.42B	1.23B	1.7B	1.59B	2.71B	1.67B	1.67B	1.87B	1.15B	639.01M
Other Liabilities	151.15M	160.01M	179.85M	177.99M	205.54M	271.52M	341.06M	531.14M	523.09M	473.77M
Total Current Liabilities	19.78B	20.66B	23.97B	24.75B	26.53B	29.37B	32.13B	30.95B	30.89B	30.15B
Total Non-Current Liabilities	641.3M	596.29M	485.37M	402.99M	604.42M	829.87M	726.79M	889.64M	885.02M	802.13M
Total Liabilities	20.43B	21.26B	24.45B	25.15B	27.13B	30.2B	32.86B	31.84B	31.77B	30.95B
Total Equity+	2.41B	2.72B	2.88B	3.08B	3.47B	3.44B	3.67B	3.34B	3.8B	4.13B
Equity Growth %	-0.02%	0.13%	0.06%	0.07%	0.13%	-0.01%	0.07%	-0.09%	0.14%	0.09%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.05%	0.06%	0.08%	0.11%	0.1%	-0.01%	0.13%	0.15%	0.11%	0.12%
Book Value per Share	30.10	34.07	33.31	36.03	40.04	39.74	41.44	38.27	44.01	47.64
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	291.35M	291.36M	292.72M	292.72M	309.51M	309.51M	309.51M	309.51M	309.51M	309.51M
Additional Paid-in Capital	1.42B	1.7B	1.72B	1.73B	1.74B	1.76B	1.76B	1.72B	1.74B	1.72B
Retained Earnings	777.94M	850.69M	1.01B	1.24B	1.48B	1.29B	1.66B	2.09B	2.38B	2.7B
Accumulated OCI	-80.59M	-120.53M	-134.4M	-180.71M	-54.72M	80.07M	-53.94M	-772.18M	-621.13M	-606.09M
Treasury Stock	-226.37M	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	235.73M	340.74M	411.08M	449.18M	351.95M	355.19M	585.69M	842.02M	495.25M	625.74M
Operating CF Growth %	-0.33%	0.45%	0.21%	0.09%	-0.22%	0.01%	0.65%	0.44%	-0.41%	0.26%
Net Income	131.46M	149.3M	215.63M	323.77M	327.38M	-45.17M	463.21M	524.09M	392.6M	460.81M
Depreciation & Amortization	52.95M	48.14M	50.56M	48.58M	51.75M	50.04M	45.78M	45.62M	46.28M	41.71M
Deferred Taxes	16.68M	-7.84M	49.83M	45.21M	47.1M	-20.72M	10.38M	-22.17M	13.99M	4.3M
Other Non-Cash Items	124.04M	134.25M	87.99M	30.9M	-26.94M	633.41M	-36.26M	-31.09M	113.84M	56.16M
Working Capital Changes	-103.21M	5.8M	-10.56M	-19.07M	-68.24M	-283.49M	80.14M	302.08M	-96.11M	40.05M
Cash from Investing+	-2.28B	-1.32B	-895.32M	-846.9M	-459.02M	-3.18B	-3.22B	662.36M	-295.21M	274.76M
Purchase of Investments	-2.07B	-1.64B	-1.61B	-1.02B	-1.19B	-3.62B	-5.36B	-1.52B	-1.36B	-1.08B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	476.61M	219.42M	26.95M	0	0	0	0	0
Other Investing	-1.81B	-1.16B	-1.02B	-1.18B	-510.69M	-955.05M	772.82M	-2.11B	-886.11M	668.53M
Cash from Financing+	1.99B	1.05B	498.5M	394.14M	155.81M	2.92B	2.51B	-1.34B	-203.29M	-886.79M
Dividends Paid	-77.01M	-76.55M	-83.27M	-88.84M	-94.87M	-95.61M	-95.93M	-94.46M	-104.7M	-130.84M
Share Repurchases	-95.61M	0	0	-8.27M	-185M	-12.72M	-21.8M	-58.89M	0	-37.69M
Stock Issued	347K	261.45M	15.31M	4.64M	4.16M	12.11M	4.36M	3.8M	3.81M	4.12M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	1.78B	1.08B	888.55M	670.97M	-633.85M	3.89B	2.76B	-1.4B	614.03M	-206.57M
Net Change in Cash+	-52.58M	68.81M	14.26M	-3.58M	48.73M	94.2M	-125.11M	163.26M	-3.26M	13.71M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	356.45M	303.87M	372.69M	386.95M	383.37M	432.1M	526.31M	401.2M	564.46M	561.2M
Cash at End	303.87M	372.69M	386.95M	383.37M	432.1M	526.31M	401.2M	564.46M	561.2M	574.91M
Interest Paid	51.2M	69.62M	108.7M	175.38M	232.46M	121.34M	49.99M	80.08M	487.68M	635.77M
Income Taxes Paid	31.9M	30.18M	45.09M	7.28M	28.29M	17.46M	122.59M	135.19M	103.19M	89.64M
Free Cash Flow+	211.93M	324.64M	390.79M	398.52M	309.23M	317.32M	562.15M	812.88M	470.22M	615.5M
FCF Growth %	-0.36%	0.53%	0.2%	0.02%	-0.22%	0.03%	0.77%	0.45%	-0.42%	0.31%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.38%	5.82%	7.69%	10.85%	10%	-1.31%	13.03%	14.95%	10.99%	11.62%
Return on Assets (ROA)	0.6%	0.64%	0.84%	1.17%	1.11%	-0.14%	1.32%	1.46%	1.11%	1.3%
Net Interest Margin	2.74%	2.75%	2.9%	3.01%	2.93%	2.8%	2.55%	2.98%	3.09%	3.08%
Efficiency Ratio	67.78%	62.22%	59.03%	53.62%	53.46%	57.06%	59.89%	51.01%	43.26%	39.63%
Equity / Assets	10.57%	11.34%	10.55%	10.91%	11.33%	10.22%	10.05%	9.5%	10.69%	11.77%
Book Value / Share	30.1	34.07	33.31	36.03	40.04	39.74	41.44	38.27	44.01	47.64
NII Growth	-4.51%	5.43%	20.21%	7.13%	5.46%	5.28%	-0.99%	12.51%	4.53%	-1.43%
Dividend Payout	58.58%	51.27%	38.61%	27.44%	28.98%	-	20.71%	18.02%	26.67%	28.39%

Revenue by Segment

	2012	2013	2019	2020	2021	2022	2023	2024
Deposit Account	-	-	86.36M	76.66M	81.03M	87.66M	86.02M	91.11M
Deposit Account Growth	-	-	-	-11.24%	5.70%	8.18%	-1.87%	5.91%
Credit and Debit Card	-	-	-	-	-	-	82.97M	85.49M
Credit and Debit Card Growth	-	-	-	-	-	-	-	3.04%
Fiduciary and Trust	-	-	-	-	-	-	67.56M	71.73M
Fiduciary and Trust Growth	-	-	-	-	-	-	-	6.17%
Investment Advisory, Management and Administrative Service	-	-	-	-	-	-	36.71M	43.42M
Investment Advisory, Management and Administrative Service Growth	-	-	-	-	-	-	-	18.28%
Mortgage Banking	-	-	19.85M	40.24M	36.69M	11.52M	9.16M	12.37M
Mortgage Banking Growth	-	-	-	102.71%	-8.82%	-68.59%	-20.52%	35.10%
Credit And Debit Card	-	-	66.98M	68.13M	79.07M	84.59M	-	-
Credit And Debit Card Growth	-	-	-	1.72%	16.06%	6.98%	-	-
Fiduciary And Trust	-	-	61.61M	58.19M	62.9M	65.13M	-	-
Fiduciary And Trust Growth	-	-	-	-5.55%	8.09%	3.55%	-	-
Investment Advisory Management And Administrative Service	-	-	26.57M	24.33M	29.5M	28.75M	-	-
Investment Advisory Management And Administrative Service Growth	-	-	-	-8.44%	21.26%	-2.54%	-	-
Whitney	472.68M	436.18M	-	-	-	-	-	-
Whitney Growth	-	-7.72%	-	-	-	-	-	-
Parent Company	265.87M	261.67M	-	-	-	-	-	-
Parent Company Growth	-	-1.58%	-	-	-	-	-	-
Other	24M	-	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Hancock Whitney Corporation (HWC) has a price-to-earnings (P/E) ratio of 13.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Hancock Whitney Corporation (HWC) grew revenue by 8.5% over the past year. This is steady growth.

Yes, Hancock Whitney Corporation (HWC) is profitable, generating $482.6M in net income for fiscal year 2024 (22.5% net margin).

Dividend & Returns

Yes, Hancock Whitney Corporation (HWC) pays a dividend with a yield of 2.21%. This makes it attractive for income-focused investors.

Hancock Whitney Corporation (HWC) has a return on equity (ROE) of 11.6%. This is reasonable for most industries.

Industry Metrics

Hancock Whitney Corporation (HWC) has a net interest margin (NIM) of 3.1%. This indicates healthy earnings from lending activities.

Hancock Whitney Corporation (HWC) has an efficiency ratio of 39.6%. This is excellent, indicating strong cost control.

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