HANCOCK WHITNEY CORP HWC
Hancock Whitney Corporation (the "Company") is registered with the Federal Reserve as a bank holding company and has elected to be treated as a financial holding company under the Bank Holding Company Act of 1956, as amended. The Company provides comprehensive financial services through its bank subsidiary, Hancock Whitney Bank (the "Bank"), a Mississippi state bank, and other nonbank affiliates. Our principal executive offices are located at 2510 14th Street, Gulfport, Mississippi, 39501, and our telephone number is (800) 522-6542. Our common stock trades on the Nasdaq Global Select Market under the ticker symbol "HWC."
The Bank offers a broad 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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.61B | $1.69B | $1.62B | $1.14B | $982.3M | $1.06B | $1.13B | $1.03B | $900.6M | $732.2M |
| Interest expense | $1.11B | $1.08B | $1.10B | $1.05B | $49.0M | $115.5M | $230.6M | $179.4M | $108.3M | $73.1M |
| Pre-tax income | $612.4M | $574.0M | $490.1M | $659.2M | $568.1M | -$124.7M | $392.7M | $382.1M | $308.4M | $186.9M |
| Income tax | $126.3M | $113.2M | $97.5M | $135.1M | $104.8M | $79.6M | $65.4M | $58.3M | $92.8M | $37.6M |
| Net income | $486.1M | $460.8M | $392.6M | — | — | — | — | — | — | — |
| EPS, basic | 5.70 | 5.30 | 4.51 | 6.00 | 5.23 | -0.54 | 3.72 | 3.72 | 2.49 | 1.87 |
| EPS, diluted | 5.67 | 5.28 | 4.50 | 5.98 | 5.22 | -0.54 | 3.72 | 3.72 | 2.48 | 1.87 |
| Shares, diluted (wtd. avg.) | $85.4M | $86.6M | $86.4M | $86.4M | $87.0M | $86.5M | $86.6M | $85.5M | $85.0M | $77.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $563.0M | $574.9M | $561.2M | $564.5M | $401.2M | $526.3M | $432.1M | $383.4M | $386.9M | $372.7M |
| Property, plant and equipment | $261.2M | $279.8M | $301.6M | $328.6M | $350.3M | $380.5M | $380.2M | $353.7M | $333.7M | $361.6M |
| Goodwill | $925.4M | $855.5M | $855.5M | $855.5M | $855.5M | $855.5M | $855.5M | $791.0M | $745.5M | $621.2M |
| Other intangibles | $67.1M | $35.2M | $44.6M | $56.2M | $70.2M | $86.9M | $106.8M | $96.2M | $90.6M | $87.8M |
| Total assets | $35.47B | $35.08B | $35.58B | $35.18B | $36.53B | $33.64B | $30.60B | $28.24B | $27.34B | $23.98B |
| Short-term debt | $1.02B | $639.0M | $1.15B | $1.87B | $1.67B | $1.67B | $2.71B | $1.59B | $1.70B | $1.23B |
| Long-term debt | $199.4M | $210.5M | $236.3M | $242.1M | $244.2M | $378.3M | $233.5M | $225.0M | $305.5M | $436.3M |
| Total liabilities | $31.01B | $30.95B | $31.77B | $31.84B | $32.86B | $30.20B | $27.13B | $25.15B | $24.45B | $21.26B |
| Retained earnings | $3.04B | $2.70B | $2.38B | $2.09B | $1.66B | $1.29B | $1.48B | $1.24B | $1.01B | $850.7M |
| Total equity | $4.46B | $4.13B | $3.80B | $3.34B | $3.67B | $3.44B | $3.47B | $3.08B | $2.88B | $2.72B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $541.8M | $625.7M | $495.2M | $842.0M | $585.7M | $355.2M | $351.9M | $449.2M | $411.1M | $343.9M |
| Depreciation and amortisation | $27.3M | $32.3M | $34.7M | $31.6M | $29.1M | $30.1M | $30.9M | $26.5M | $28.1M | $28.4M |
| Stock-based compensation | $24.4M | $22.7M | $24.7M | $23.5M | $22.4M | $21.1M | $20.9M | $19.8M | $17.6M | $14.3M |
| Capital expenditure | $18.7M | $10.2M | $25.0M | $29.1M | $23.5M | $37.9M | $42.7M | $50.7M | $20.3M | $19.3M |
| Investing cash flow | -$314.4M | $274.8M | -$295.2M | $662.4M | -$3.22B | -$3.18B | -$459.0M | -$846.9M | -$895.3M | -$1.32B |
| Financing cash flow | -$239.3M | -$886.8M | -$203.3M | -$1.34B | $2.51B | $2.92B | $155.8M | $394.1M | $498.5M | $1.05B |
| Dividends paid | $153.8M | $130.8M | $104.7M | $94.5M | $95.9M | $95.6M | $94.9M | $88.8M | $83.3M | $76.6M |
| Buybacks | $246.9M | $37.7M | $0 | $58.9M | $21.8M | $12.7M | $185.0M | $8.3M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-077903.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |