HWC

MKT CAP:$5B

Hancock Whitney Corporation

Market Cap

$5B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$66.83+$2.37 (+3.68%)

Apr 24, 2026

Company Details

Hancock 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, i...

CEO

John Hairston

IPO Date

Jun 4, 1991

Website

www.hancockwhitney.com

Key Metrics TTM

Revenue

$1.9B

-4.5% YoY

Net Income

$414M

EPS (Diluted)

$4.88

Free Cash Flow

$523M

Revenue / Share

$23.57

Gross Margin

72.3%

Operating Margin

27.6%

Net Margin

21.4%

FCF Margin

27.0%

P/S

2.8x

P/E

13.2x

Earnings Reports

Q1 2026

Apr 21, 2026

NEW

$409M-16.3%EPS $0.58

FY 2025

Feb 26, 2026

$2.0B-1.5%EPS $5.68

Q4 2025

Feb 26, 2026

$515M+2.1%EPS $1.49

Q3 2025

Nov 4, 2025

$515M-1.4%EPS $1.49

Q2 2025

Aug 7, 2025

$500M-3.0%EPS $1.32

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$341M	$341M	$154M
Q3 22	$385M	$364M	$171M
Q4 22	$423M	$370M	$180M
Q1 23	$453M	$359M	$158M
Q2 23	$488M	$349M	$147M
Q3 23	$501M	$325M	$122M
Q4 23	$446M	$272M	$62M
Q1 24	$507M	$338M	$133M
Q2 24	$516M	$350M	$145M
Q3 24	$522M	$346M	$145M
Q4 24	$504M	$352M	$151M
Q1 25	$488M	$352M	$149M
Q2 25	$500M	$360M	$145M
Q3 25	$515M	$373M	$160M
Q4 25	$515M	$389M	$171M
Q1 26	$409M	$279M	$59M

Valuation

Quarter	P/S	P/E
Q2 22	2.9x	7.6x
Q3 22	3.0x	7.9x
Q4 22	2.9x	8.2x
Q1 23	2.0x	6.1x
Q2 23	1.9x	6.5x
Q3 23	1.7x	6.4x
Q4 23	2.2x	10.4x
Q1 24	2.0x	10.4x
Q2 24	2.1x	11.0x
Q3 24	2.2x	11.3x
Q4 24	2.3x	10.3x
Q1 25	2.2x	9.6x
Q2 25	2.4x	10.4x
Q3 25	2.7x	11.1x
Q4 25	2.7x	11.1x
Q1 26	2.7x	12.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$281M	$269M
Q2 22	$206M	$199M
Q3 22	$188M	$184M
Q4 22	$167M	$160M
Q1 23	$86M	$80M
Q2 23	$129M	$116M
Q3 23	$188M	$181M
Q4 23	$93M	$92M
Q1 24	$167M	$164M
Q2 24	$105M	$104M
Q3 24	$162M	$159M
Q4 24	$192M	$189M
Q1 25	$104M	$100M
Q2 25	$126M	$122M
Q3 25	$159M	$155M
Q4 25	$153M	$146M

Capital Expenditures

Quarter	CapEx
Q1 22	$11M
Q2 22	$7M
Q3 22	$4M
Q4 22	$7M
Q1 23	$5M
Q2 23	$13M
Q3 23	$6M
Q4 23	$453.0K
Q1 24	$2M
Q2 24	$1M
Q3 24	$4M
Q4 24	$3M
Q1 25	$4M
Q2 25	$4M
Q3 25	$4M
Q4 25	$7M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-0.6%	-20.0%
Q3 22	+14.0%	+20.8%
Q4 22	+28.7%	+48.5%
Q1 23	+41.3%	+77.5%
Q2 23	+43.3%	+82.6%
Q3 23	+30.0%	+76.6%
Q4 23	+5.6%	+58.2%
Q1 24	+12.0%	+27.0%
Q2 24	+5.7%	+8.9%
Q3 24	+4.4%	-0.3%
Q4 24	+13.0%	-7.8%
Q1 25	-3.7%	-9.2%
Q2 25	-3.0%	-4.1%
Q3 25	-1.4%	-6.0%
Q4 25	+2.1%	-3.0%
Q1 26	-16.3%	+3.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$5M	1.7%
Q2 22	$6M	1.8%
Q3 22	$6M	1.6%
Q4 22	$6M	1.4%
Q1 23	$6M	1.3%
Q2 23	$6M	1.3%
Q3 23	$6M	1.3%
Q4 23	$6M	1.3%
Q1 24	$6M	1.1%
Q2 24	$6M	1.2%
Q3 24	$5M	1.0%
Q4 24	$6M	1.1%
Q1 25	$6M	1.2%
Q2 25	$6M	1.2%
Q3 25	$6M	1.3%
Q4 25	$6M	1.2%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$111M	$4M
Q3 22	$115M	$4M
Q4 22	$31M	$4M
Q1 23	$118M	$3M
Q2 23	$118M	$3M
Q3 23	$119M	$4M
Q4 23	$143M	$3M
Q1 24	$125M	$3M
Q2 24	$120M	$3M
Q3 24	$117M	$3M
Q4 24	$113M	$4M
Q1 25	$115M	$3M
Q2 25	$117M	$3M
Q3 25	$53M	$53M
Q4 25	$123M	—
Q1 26	$144M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$1.5B	$5.8B	$7.3B
Q3 22	$851M	$5.5B	$6.3B
Q4 22	$888M	$5.6B	$6.4B
Q1 23	$2.9B	$5.6B	$8.4B
Q2 23	$1.2B	$5.4B	$6.7B
Q3 23	$1.4B	$5.2B	$6.5B
Q4 23	$1.2B	$4.9B	$6.1B
Q1 24	$853M	$4.9B	$5.8B
Q2 24	$1.1B	$5.0B	$6.0B
Q3 24	$1.4B	$5.3B	$6.7B
Q4 24	$1.5B	$5.2B	$6.7B
Q1 25	$1.4B	$5.3B	$6.7B
Q2 25	$1.1B	$5.6B	$6.8B
Q3 25	$1.4B	$166M	$1.6B
Q4 25	$563M	$229.0K	$563M
Q1 26	$0	$8.3B	$8.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	87M	-0.9%	-1.5%
Q3 22	86M	-1.5%	-3.1%
Q4 22	87M	+1.3%	-1.3%
Q1 23	87M	+0.1%	-1.1%
Q2 23	87M	+0.0%	-0.1%
Q3 23	86M	-0.9%	+0.5%
Q4 23	87M	+0.2%	-0.6%
Q1 24	87M	+0.1%	-0.6%
Q2 24	87M	+0.0%	-0.6%
Q3 24	87M	-0.2%	+0.1%
Q4 24	87M	+0.0%	-0.0%
Q1 25	86M	-0.2%	-0.3%
Q2 25	86M	-0.3%	-0.6%
Q3 25	85M	-0.9%	-1.3%
Q4 25	84M	-1.4%	-2.7%
Q1 26	82M	-2.4%	-4.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$97.7K	3K
Q3 22	$110.5K	3K
Q4 22	$116.6K	4K
Q1 23	$124.8K	4K
Q2 23	$134.5K	4K
Q3 23	$138.0K	4K
Q4 23	$123.1K	4K
Q1 24	$139.7K	4K
Q2 24	$142.2K	4K
Q3 24	$144.0K	4K
Q4 24	$140.5K	4K
Q1 25	$136.0K	4K
Q2 25	$139.3K	4K
Q3 25	$143.4K	4K
Q4 25	$141.9K	4K
Q1 26	$112.7K	4K

Revenue / Employee