|HWC Overview
HWC

HANCOCK WHITNEY CORP

Financials • CIK: 0000750577

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Market Cap
$5.36B
P/E (TTM)
11.2x
Rev Growth (TTM)
+7.3%
Net Margin (TTM)
32.4%
FCF Yield (TTM)
10.6%
FCF Margin (TTM)
38.0%

LATEST EARNINGS

Q4 FY2025
about 1 month ago
View source
Revenue
$391.81M
+6.6%
Net Income
$125.57M
+2.9%
EPS
$1.49
+6.4%
  • Net income for Q4 2025 was $125.6 million, or $1.49 per diluted share, matching Q3 2025.
  • Loans increased $362 million (6% LQA annualized) driven by healthcare production, ICRE, and equipment finance.
  • Deposits increased $620 million (9% LQA annualized), boosted by seasonal public fund balances.
  • Criticized commercial loans and nonaccrual loans decreased.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$566M
Q3 '25
$155M+27%
Q2 '25
$122M+22%
FCF Margin
TTM38.0%
Q3 '2540.2%+24%
Sector: 22.2%Top 25%
OCF Margin38.9%
OCF/NI1.20x
CapEx Coverage40.5x
FCF Yield10.6%
FCF Growth (2Y)
Cash Conversion Cycle
0 days
DSO: 0+DIO: 0DPO: 0

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM4.8%
Div Yield2.8%
+
Buyback (TTM)2.0%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)2.8%
FCF Payout Ratio26.5%
Free Cash Flow (TTM)$566.0M
Stock Repurchases (TTM)$108.1M
Capital Return / FCF46.0%
Est. Dividends Paid (TTM)$149.9M
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
P25MedianP75
(med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
Asset Turnover
0.04x
8Q: 0.04x
Leverage (1+D/E)
1.42x
D/E: 0.42x
Asset & CapEx Efficiency
Fixed Asset Turn
5.46x
8Q:5.21x
-89.4%
CapEx/Depreciation
0.50x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Revenue
$1.5B
$385.7M2.7%
$375.5M3.0%
$364.7M0.0%
$364.8M0.8%
$367.7M2.2%
$359.6M1.6%
$354.0M14.8%
$308.4M
Operating Income
$654.6M
$173.0M8.5%
$159.5M0.1%
$159.6M1.7%
$162.4M0.8%
$163.8M6.7%
$153.6M5.0%
$146.3M84.6%
$79.3M
Net Income
$482.6M
$127.5M12.3%
$113.5M5.0%
$119.5M2.1%
$122.1M5.6%
$115.6M0.9%
$114.6M5.5%
$108.6M114.6%
$50.6M
Operating Cash Flow
$580.3M
$158.8M26.2%
$125.8M20.8%
$104.2M45.6%
$191.6M17.9%
$162.5M54.7%
$105.0M37.0%
$166.7M79.5%
$92.8M
Free Cash Flow
$566.0M
$155.0M27.0%
$122.0M21.7%
$100.2M46.9%
$188.8M19.1%
$158.6M52.9%
$103.7M36.9%
$164.4M77.9%
$92.4M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
11.2x
Volatile
8Q: 38.6x-2135%
Valuation Lenses
Earnings
11.2x
vs sector
Cash Flow
10.2x
EV/FCF vs
Growth-Adj
0.4xPEG
Undervalued for growth
Quality-Adj
P/E per %ROIC
ROIC: –
Shareholder Returns
Dividend
2.8%
Buyback
2.0%
Total Yield
4.8%
Market Cap$5.36B
EV$5.78B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
75/100
High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
11.3%
8Q:
Return on Invested Capital (ROIC)
8Q:
vs Sector:0.1%

Earnings Quality

Cash Conversion

1.20x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover

Working Capital

Cash Conversion Cycle0 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
57/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
7.3%
OpInc Growth YoY
5.6%
EPS Growth YoY
25.3%
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
Operating
Net
32.4%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+5.6 pts
FCF: 38.0% | Net: 32.4%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Adequate
Net Debt / EBITDA
Net Debt: $1.38B
Interest Coverage
Leverage Metrics
Debt-to-Equity
0.42x
Balance sheet risk & solvency analysis