Hancock Whitney (HWC) Financials

$63.67 -0.64 (-1.00%)

Closing price 04:00 PM Eastern

Extended Trading

$63.64 -0.02 (-0.04%)

As of 07:59 PM Eastern

Annual Income Statements for Hancock Whitney

This table shows Hancock Whitney's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	131	149	216	324	-45	463	524	393	461
Consolidated Net Income / (Loss)	131	149	216	324	-45	463	524	393	461
Net Income / (Loss) Continuing Operations	131	149	216	324	-45	463	524	393	461
Total Pre-Tax Income	170	187	308	382	-125	568	659	490	574
Total Revenue	862	910	1,060	1,134	1,267	1,298	1,381	1,386	1,446
Net Interest Income / (Expense)	625	659	792	849	943	933	1,050	1,098	1,082
Total Interest Income	680	732	901	1,028	1,058	982	1,137	1,620	1,693
Loans and Leases Interest Income	584	626	773	879	910	828	942	1,381	1,454
Investment Securities Interest Income	95	106	128	149	148	154	195	240	239
Total Interest Expense	54	73	108	179	115	49	87	523	611
Deposits Interest Expense	34	49	77	131	88	26	58	444	574
Short-Term Borrowings Interest Expense	1.08	4.07	16	36	10	6.02	16	67	24
Long-Term Debt Interest Expense	20	20	16	13	17	17	12	12	12
Total Non-Interest Income	237	251	268	285	324	364	331	288	364
Service Charges on Deposit Accounts	-	-	220	242	268	289	278	282	304
Other Service Charges	176	178	40	44	56	75	54	71	60
Other Non-Interest Income	-5.75	-5.92	-	-25	0.49	-	-0.09	-	0.00
Provision for Credit Losses	73	111	59	36	603	-77	-28	59	52
Total Non-Interest Expense	620	612	693	716	789	807	751	837	820
Salaries and Employee Benefits	334	355	392	405	464	482	461	461	469
Net Occupancy & Equipment Expense	116	114	129	138	160	165	171	188	193
Other Operating Expenses	146	124	149	151	145	143	105	176	148
Amortization Expense	24	20	22	22	20	17	14	12	9.41
Income Tax Expense	38	38	93	58	-80	105	135	98	113
Basic Earnings per Share	$1.64	$1.87	$2.49	$3.72	($0.54)	$5.23	$6.00	$4.51	$5.30
Weighted Average Basic Shares Outstanding	78.20M	77.85M	84.70M	85.36M	86.53M	86.82M	86.07M	86.13M	86.35M
Diluted Earnings per Share	$1.64	$1.87	$2.48	$3.72	($0.54)	$5.22	$5.98	$4.50	$5.28
Weighted Average Diluted Shares Outstanding	78.31M	77.95M	84.96M	85.52M	86.53M	87.03M	86.39M	86.42M	86.65M
Weighted Average Basic & Diluted Shares Outstanding	80.20M	79.80M	86.60M	87M	86.75M	-	85.98M	86.35M	86.13M
Cash Dividends to Common per Share	$0.96	$0.96	$0.96	$1.02	$1.08	$1.08	$1.08	$1.20	$1.50

This table shows Hancock Whitney's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	135	144	126	118	98	51	109	115	116	122	120
Consolidated Net Income / (Loss)	135	144	126	118	98	51	109	115	116	122	120
Net Income / (Loss) Continuing Operations	135	144	126	118	98	51	109	115	116	122	120
Total Pre-Tax Income	171	180	158	147	122	62	133	145	145	151	149
Total Revenue	366	373	365	357	355	308	354	360	368	365	365
Net Interest Income / (Expense)	280	296	285	274	269	269	266	270	272	274	270
Total Interest Income	300	346	373	405	416	427	422	428	429	414	395
Loans and Leases Interest Income	249	292	315	342	359	365	364	370	370	350	332
Investment Securities Interest Income	50	54	58	63	56	62	58	57	60	64	63
Total Interest Expense	19	50	88	131	147	157	156	157	158	141	125
Deposits Interest Expense	14	36	64	103	131	146	147	145	147	135	121
Short-Term Borrowings Interest Expense	2.75	11	20	26	13	8.13	4.97	9.44	7.42	2.54	1.85
Long-Term Debt Interest Expense	3.10	3.08	3.10	3.09	3.06	3.06	3.06	3.06	3.06	3.07	3.06
Total Non-Interest Income	85	77	80	83	86	39	88	89	96	91	95
Service Charges on Deposit Accounts	71	68	69	70	71	72	75	76	77	76	78
Other Service Charges	15	9.10	11	13	15	32	13	13	19	15	17
Provision for Credit Losses	1.40	2.49	6.02	7.63	28	17	13	8.72	19	12	10
Total Non-Interest Expense	194	190	201	202	205	229	208	206	204	202	205
Salaries and Employee Benefits	119	119	115	115	116	114	121	119	116	114	114
Net Occupancy & Equipment Expense	44	44	45	47	48	48	46	49	49	49	49
Other Operating Expenses	27	24	37	37	38	64	38	36	37	38	40
Amortization Expense	3.43	3.27	3.11	2.96	2.81	2.67	2.53	2.39	2.29	2.21	2.11
Income Tax Expense	35	36	32	30	24	12	25	30	30	28	30
Basic Earnings per Share	$1.56	$1.65	$1.45	$1.35	$1.12	$0.59	$1.25	$1.31	$1.33	$1.41	$1.38
Weighted Average Basic Shares Outstanding	85.71M	86.07M	86.02M	86.10M	86.13M	86.13M	86.52M	86.51M	86.23M	86.35M	86.09M
Diluted Earnings per Share	$1.55	$1.65	$1.45	$1.35	$1.12	$0.58	$1.24	$1.31	$1.33	$1.40	$1.38
Weighted Average Diluted Shares Outstanding	86.02M	86.39M	86.28M	86.37M	86.44M	86.42M	86.73M	86.77M	86.56M	86.65M	86.46M
Weighted Average Basic & Diluted Shares Outstanding	85.69M	85.98M	86.08M	86.13M	86.15M	86.35M	86.63M	86.35M	86.06M	86.13M	85.64M
Cash Dividends to Common per Share	$0.27	$0.27	$0.30	$0.30	$0.30	$0.30	$0.30	$0.40	$0.40	$0.40	$0.45

This table details how cash moves in and out of Hancock Whitney's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-53	69	14	-3.58	94	-125	163	-3.26	14
Net Cash From Operating Activities	236	344	411	449	355	586	842	495	626
Net Cash From Continuing Operating Activities	236	344	411	449	355	586	846	495	626
Net Income / (Loss) Continuing Operations	131	149	216	324	-45	463	524	393	461
Consolidated Net Income / (Loss)	131	149	216	324	-45	463	524	393	461
Provision For Loan Losses	73	111	59	36	603	-77	-28	59	52
Depreciation Expense	29	28	28	27	30	29	32	35	32
Amortization Expense	51	55	58	55	63	67	50	28	23
Non-Cash Adjustments to Reconcile Net Income	45	-16	46	19	-32	0.23	-40	59	-10
Changes in Operating Assets and Liabilities, net	-93	17	4.40	-11	-264	104	309	-78	67
Net Cash From Investing Activities	-2,276	-1,321	-895	-847	-3,177	-3,225	662	-295	275
Net Cash From Continuing Investing Activities	-2,276	-1,321	-895	-847	-3,177	-3,225	662	-295	275
Purchase of Property, Leasehold Improvements and Equipment	-24	-19	-20	-51	-38	-24	-29	-25	-10
Purchase of Investment Securities	-3,708	-2,518	-2,361	-2,384	-4,918	-4,673	-3,662	-2,022	-535
Sale of Property, Leasehold Improvements and Equipment	14	7.45	-	-	-	1.91	0.06	33	6.14
Sale and/or Maturity of Investments	1,441	1,209	1,010	1,446	1,779	1,470	4,354	1,719	814
Net Cash From Financing Activities	1,988	1,046	498	394	2,916	2,514	-1,341	-203	-887
Net Cash From Continuing Financing Activities	1,988	1,046	498	394	2,916	2,514	-1,341	-203	-887
Net Change in Deposits	1,776	1,075	900	680	3,894	2,768	-1,396	620	-197
Issuance of Debt	274	6.84	0.17	21	-881	20	5.63	0.00	-516
Issuance of Common Equity	0.00	261	3.22	3.41	4.16	3.87	3.58	3.82	4.12
Repayment of Debt	114	-220	-322	-205	-0.31	-153	206	-716	0.00
Repurchase of Common Equity	-96	0.00	0.00	-8.27	-13	-22	-59	0.00	-38
Payment of Dividends	-77	-77	-83	-89	-96	-96	-94	-105	-131
Other Financing Activities, Net	-3.04	-1.03	0.21	-7.46	7.58	-6.87	-7.16	-5.68	-9.36
Cash Interest Paid	51	70	109	175	121	50	80	488	636
Cash Income Taxes Paid	32	30	45	7.28	17	123	135	103	90

This table details how cash moves in and out of Hancock Whitney's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-109	-25	30	-31	-22	20	-147	87	69	5.03	-65
Net Cash From Operating Activities	188	167	86	129	188	93	167	105	162	192	104
Net Cash From Continuing Operating Activities	193	166	86	129	188	93	167	105	162	192	104
Net Income / (Loss) Continuing Operations	135	144	126	118	98	51	109	115	116	122	120
Consolidated Net Income / (Loss)	135	144	126	118	98	51	109	115	116	122	120
Provision For Loan Losses	1.40	2.49	6.02	7.63	28	17	13	8.72	19	12	10
Depreciation Expense	8.40	8.37	8.57	8.95	8.67	8.54	8.18	8.19	8.16	7.77	7.79
Amortization Expense	12	9.29	8.22	7.53	7.37	4.82	5.95	5.86	5.62	5.70	5.52
Non-Cash Adjustments to Reconcile Net Income	-1.40	-39	-1.31	7.99	-7.69	60	-7.92	-3.00	1.90	-1.01	16
Changes in Operating Assets and Liabilities, net	38	41	-62	-21	53	-48	39	-30	13	45	-55
Net Cash From Investing Activities	-270	-617	-2,219	1,326	-258	856	120	-91	271	-26	291
Net Cash From Continuing Investing Activities	-270	-617	-2,219	1,326	-258	856	120	-91	271	-26	291
Purchase of Property, Leasehold Improvements and Equipment	-4.14	-6.79	-5.50	-13	-6.30	-0.45	-2.27	-1.31	-3.92	-2.74	-3.95
Purchase of Investment Securities	-1,019	-678	-317	-816	-444	-445	-207	-93	-117	-118	-156
Sale and/or Maturity of Investments	753	68	-1,896	2,155	192	1,268	329	2.96	392	89	451
Net Cash From Financing Activities	-27	425	2,163	-1,485	48	-929	-433	72	-365	-161	-460
Net Cash From Continuing Financing Activities	-27	425	2,163	-1,485	48	-929	-433	72	-365	-161	-460
Net Change in Deposits	-915	119	543	430	277	-630	86	-575	-218	510	-298
Issuance of Common Equity	0.87	0.91	0.94	1.00	0.92	0.96	0.90	1.12	1.08	1.03	1.08
Repayment of Debt	913	328	1,648	-1,890	-	-	-487	696	-98	-111	-96
Repurchase of Common Equity	-2.40	-	-	-	-	-	-	-	-15	-7.88	-21
Payment of Dividends	-24	-24	-26	-26	-26	-26	-27	-35	-35	-35	-40
Other Financing Activities, Net	-0.09	-5.50	-2.92	-0.35	-0.05	-2.36	-6.56	-0.24	-0.08	-2.48	-6.39

This table presents Hancock Whitney's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	22,834	23,975	27,336	28,236	30,601	36,531	35,184	35,579	35,082
Cash and Due from Banks	304	373	387	383	432	-	564	561	575
Federal Funds Sold	0.88	0.94	0.23	0.52	0.27	0.46	0.73	0.44	0.41
Interest Bearing Deposits at Other Banks	565	77	92	111	110	3,830	323	627	939
Trading Account Securities	4,484	5,051	5,928	5,699	6,299	8,646	8,435	7,626	7,619
Loans and Leases, Net of Allowance	15,522	16,523	18,787	19,832	21,022	21,134	22,806	23,614	22,981
Loans and Leases	15,703	16,752	19,004	20,026	21,213	21,134	23,114	23,922	23,299
Allowance for Loan and Lease Losses	181	229	217	195	191	-	308	308	319
Premises and Equipment, Net	377	362	334	354	380	350	329	302	280
Goodwill	621	621	746	791	855	855	855	855	855
Intangible Assets	108	88	91	96	107	70	56	45	35
Other Assets	852	880	972	970	1,395	1,319	1,814	1,948	1,797
Total Liabilities & Shareholders' Equity	22,834	23,975	27,336	28,236	30,601	36,531	35,184	35,579	35,082
Total Liabilities	20,420	21,256	24,451	25,155	27,133	32,736	31,841	31,775	30,954
Non-Interest Bearing Deposits	7,283	7,668	8,316	8,511	8,786	14,393	13,655	11,076	10,618
Interest Bearing Deposits	11,073	11,766	13,946	14,651	15,028	16,073	15,425	18,660	18,895
Short-Term Debt	1,424	1,225	1,704	1,589	2,715	1,665	1,871	1,155	639
Long-Term Debt	490	436	306	225	233	244	242	236	211
Other Long-Term Liabilities	151	160	180	178	371	360	648	649	592
Total Equity & Noncontrolling Interests	2,413	2,720	2,885	3,081	3,468	3,361	3,343	3,804	4,128
Total Preferred & Common Equity	2,413	2,720	2,885	3,081	3,468	3,670	3,343	3,804	4,128
Preferred Stock	-	-	-	0.00	0.00	-	0.00	0.00	0.00
Total Common Equity	2,413	2,720	2,885	3,081	3,468	3,361	3,343	3,804	4,128
Common Stock	1,716	1,990	2,011	2,018	2,046	1,756	2,026	2,049	2,029
Retained Earnings	778	851	1,009	1,244	1,476	1,659	2,088	2,376	2,705
Accumulated Other Comprehensive Income / (Loss)	-81	-121	-134	-181	-55	-54	-772	-621	-606

This table presents Hancock Whitney's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	34,567	37,547	36,210	36,298	35,247	35,412	35,238	34,751
Cash and Due from Banks	590	-	564	541	414	501	570	510
Federal Funds Sold	0.44	0.71	0.51	0.47	0.41	0.39	0.42	0.39
Interest Bearing Deposits at Other Banks	261	2,287	674	817	439	581	795	841
Trading Account Securities	8,366	8,414	8,252	7,932	7,576	7,563	7,794	7,722
Loans and Leases, Net of Allowance	22,279	23,405	23,475	23,677	23,657	23,595	23,138	22,780
Loans and Leases	22,586	23,405	23,790	23,984	23,971	23,912	23,456	23,098
Allowance for Loan and Lease Losses	306	-	314	306	314	316	317	318
Premises and Equipment, Net	347	324	327	310	296	289	285	276
Goodwill	855	855	855	855	855	855	855	855
Intangible Assets	59	53	50	47	42	40	37	33
Other Assets	1,809	1,704	2,013	2,117	1,967	1,987	1,762	1,733
Total Liabilities & Shareholders' Equity	34,567	37,547	36,210	36,298	35,247	35,412	35,238	34,751
Total Liabilities	31,387	33,994	32,656	32,797	31,394	31,492	31,063	30,472
Non-Interest Bearing Deposits	14,297	12,860	12,207	11,679	10,846	10,669	10,526	10,633
Interest Bearing Deposits	14,660	16,753	17,872	18,694	18,974	18,559	18,483	18,580
Short-Term Debt	1,543	3,519	1,630	1,426	668	1,364	1,266	543
Long-Term Debt	236	242	236	236	236	236	236	211
Other Long-Term Liabilities	650	619	711	762	669	663	551	506
Total Equity & Noncontrolling Interests	3,180	3,531	3,554	3,501	3,853	3,921	4,175	4,279
Total Preferred & Common Equity	3,180	3,531	3,554	3,501	3,853	3,921	4,175	4,279
Preferred Stock	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,180	3,531	3,554	3,501	3,853	3,921	4,175	4,279
Common Stock	2,025	2,030	2,037	2,045	2,049	2,042	2,033	2,009
Retained Earnings	1,968	2,189	2,280	2,351	2,458	2,537	2,618	2,785
Accumulated Other Comprehensive Income / (Loss)	-813	-687	-763	-895	-654	-658	-475	-515

This table displays calculated financial ratios and metrics derived from Hancock Whitney's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.29%	5.50%	16.51%	6.97%	6.80%	0.00%	2.42%	6.47%	0.33%	4.33%
EBITDA Growth	-24.00%	8.20%	46.15%	17.53%	2.76%	-106.60%	2,210.07%	11.47%	-25.33%	13.86%
EBIT Growth	-29.90%	10.11%	65.01%	23.89%	2.78%	-131.76%	555.37%	16.04%	-25.65%	17.11%
NOPAT Growth	-25.19%	13.57%	44.43%	50.15%	1.12%	-126.67%	630.47%	13.14%	-25.09%	17.37%
Net Income Growth	-25.19%	13.57%	44.43%	50.15%	1.12%	0.00%	1,125.40%	13.14%	-25.09%	17.37%
EPS Growth	-21.90%	14.02%	32.62%	50.00%	0.00%	0.00%	1,066.67%	14.56%	-24.75%	17.33%
Operating Cash Flow Growth	-33.11%	45.89%	19.53%	9.27%	-21.65%	0.00%	64.89%	43.77%	-41.18%	26.35%
Free Cash Flow Firm Growth	44.28%	148.08%	-413.66%	208.54%	-469.79%	630.41%	-182.82%	114.75%	-15.42%	3.77%
Invested Capital Growth	8.22%	1.26%	11.71%	0.02%	31.06%	-100.00%	0.00%	-4.36%	-4.79%	-4.19%
Revenue Q/Q Growth	0.03%	1.75%	4.33%	1.27%	2.03%	0.00%	-0.13%	4.04%	-4.42%	4.06%
EBITDA Q/Q Growth	-14.46%	23.89%	9.04%	4.20%	-0.77%	0.00%	9.99%	1.29%	-18.07%	16.32%
EBIT Q/Q Growth	-20.02%	37.65%	11.47%	2.64%	1.18%	0.00%	12.16%	2.34%	-19.35%	18.16%
NOPAT Q/Q Growth	-15.86%	32.39%	1.71%	14.41%	-1.24%	0.00%	7.96%	1.17%	-19.18%	18.36%
Net Income Q/Q Growth	-15.86%	32.39%	1.71%	14.41%	-1.24%	0.00%	7.96%	1.17%	-19.18%	18.36%
EPS Q/Q Growth	-15.03%	31.69%	-0.40%	14.81%	-2.11%	0.00%	7.19%	1.70%	-19.21%	18.39%
Operating Cash Flow Q/Q Growth	-18.03%	21.99%	-29.12%	90.25%	23.33%	0.00%	-11.07%	15.36%	-13.01%	18.73%
Free Cash Flow Firm Q/Q Growth	-192.15%	12.96%	56.97%	225.62%	-758.95%	2,214.73%	-1,204.73%	-34.57%	131.50%	644.89%
Invested Capital Q/Q Growth	8.18%	8.75%	-0.76%	-10.53%	7.98%	-100.00%	1.45%	10.00%	0.61%	-12.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	28.94%	29.68%	37.23%	40.91%	39.36%	-2.48%	51.18%	53.59%	39.88%	43.52%
EBIT Margin	19.68%	20.54%	29.10%	33.70%	32.43%	-9.85%	43.78%	47.72%	35.36%	39.69%
Profit (Net Income) Margin	15.24%	16.41%	20.34%	28.55%	27.03%	-3.57%	35.70%	37.94%	28.32%	31.87%
Tax Burden Percent	77.44%	79.87%	69.91%	84.73%	83.36%	36.21%	81.54%	79.50%	80.10%	80.29%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	22.56%	20.13%	30.09%	15.27%	16.64%	0.00%	18.46%	20.50%	19.90%	19.71%
Return on Invested Capital (ROIC)	3.16%	3.43%	4.65%	6.61%	5.79%	-2.72%	16.24%	9.39%	7.37%	9.06%
ROIC Less NNEP Spread (ROIC-NNEP)	3.16%	3.43%	4.65%	6.61%	5.79%	0.14%	16.24%	9.39%	7.37%	9.06%
Return on Net Nonoperating Assets (RNNOA)	2.22%	2.39%	3.05%	4.24%	4.21%	0.12%	11.33%	6.24%	3.62%	2.56%
Return on Equity (ROE)	5.38%	5.82%	7.69%	10.85%	10.00%	-2.61%	27.57%	15.64%	10.99%	11.62%
Cash Return on Invested Capital (CROIC)	-4.74%	2.18%	-6.41%	6.59%	-21.10%	197.28%	-183.76%	13.85%	12.28%	13.34%
Operating Return on Assets (OROA)	0.78%	0.80%	1.20%	1.38%	1.34%	-0.82%	3.11%	1.84%	1.39%	1.62%
Return on Assets (ROA)	0.60%	0.64%	0.84%	1.17%	1.11%	-0.30%	2.54%	1.46%	1.11%	1.30%
Return on Common Equity (ROCE)	5.38%	5.82%	7.69%	10.85%	10.00%	-2.61%	27.57%	15.64%	10.99%	11.62%
Return on Equity Simple (ROE_SIMPLE)	5.45%	5.49%	7.47%	10.51%	9.44%	0.00%	12.62%	15.68%	10.32%	11.16%
Net Operating Profit after Tax (NOPAT)	131	149	216	324	327	-87	463	524	393	461
NOPAT Margin	15.24%	16.41%	20.34%	28.55%	27.03%	-6.89%	35.70%	37.94%	28.32%	31.87%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	-2.86%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	52.11%	51.46%	49.15%	47.88%	48.90%	49.23%	49.87%	45.74%	46.82%	45.80%
Operating Expenses to Revenue	71.85%	67.30%	65.34%	63.12%	63.63%	62.26%	62.19%	54.34%	60.38%	56.70%
Earnings before Interest and Taxes (EBIT)	170	187	308	382	393	-125	568	659	490	574
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	250	270	395	464	477	-31	664	740	553	629
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.64	1.01	1.22	0.82	1.01	0.00	1.21	1.17	1.07	1.14
Price to Tangible Book Value (P/TBV)	0.92	1.36	1.72	1.15	1.40	0.00	1.67	1.61	1.40	1.45
Price to Revenue (P/Rev)	1.79	3.01	3.32	2.22	2.89	2.12	3.14	2.83	2.93	3.26
Price to Earnings (P/E)	11.74	18.32	16.33	7.77	10.69	0.00	8.79	7.46	10.34	10.22
Dividend Yield	4.81%	2.72%	2.32%	3.45%	2.67%	3.47%	2.30%	2.37%	2.55%	2.74%
Earnings Yield	8.52%	5.46%	6.12%	12.86%	9.35%	0.00%	11.38%	13.40%	9.67%	9.79%
Enterprise Value to Invested Capital (EV/IC)	0.60	0.90	1.03	0.78	0.92	0.00	0.38	0.94	0.82	0.81
Enterprise Value to Revenue (EV/Rev)	3.00	4.34	4.76	3.38	4.88	2.12	1.66	3.72	3.08	2.80
Enterprise Value to EBITDA (EV/EBITDA)	10.37	14.62	12.80	8.27	12.39	0.00	3.24	6.94	7.71	6.43
Enterprise Value to EBIT (EV/EBIT)	15.24	21.11	16.38	10.04	15.04	0.00	3.78	7.79	8.70	7.05
Enterprise Value to NOPAT (EV/NOPAT)	19.69	26.43	23.42	11.85	18.04	0.00	4.64	9.80	10.86	8.78
Enterprise Value to Operating Cash Flow (EV/OCF)	10.98	11.48	12.29	8.54	16.78	7.57	3.67	6.10	8.61	6.46
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	41.64	0.00	11.89	0.00	0.43	0.00	6.64	6.52	5.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.79	0.61	0.70	0.59	0.85	0.00	0.57	0.63	0.37	0.21
Long-Term Debt to Equity	0.20	0.16	0.11	0.07	0.07	0.00	0.07	0.07	0.06	0.05
Financial Leverage	0.70	0.70	0.66	0.64	0.73	0.85	0.70	0.66	0.49	0.28
Leverage Ratio	8.92	9.12	9.16	9.31	8.98	8.82	10.87	10.70	9.90	8.91
Compound Leverage Factor	8.92	9.12	9.16	9.31	8.98	8.82	10.87	10.70	9.90	8.91
Debt to Total Capital	44.23%	37.93%	41.06%	37.06%	45.95%	0.00%	36.23%	38.73%	26.78%	17.07%
Short-Term Debt to Total Capital	32.90%	27.97%	34.81%	32.46%	42.31%	0.00%	31.59%	34.30%	22.23%	12.84%
Long-Term Debt to Total Capital	11.33%	9.96%	6.24%	4.60%	3.64%	0.00%	4.63%	4.44%	4.55%	4.23%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	55.77%	62.07%	58.94%	62.94%	54.05%	0.00%	63.77%	61.27%	73.22%	82.93%
Debt to EBITDA	7.67	6.15	5.09	3.91	6.19	0.00	2.87	2.85	2.52	1.35
Net Debt to EBITDA	4.18	4.48	3.88	2.84	5.05	0.00	-2.89	1.65	0.37	-1.06
Long-Term Debt to EBITDA	1.96	1.62	0.77	0.49	0.49	0.00	0.37	0.33	0.43	0.33
Debt to NOPAT	14.56	11.13	9.32	5.60	9.01	0.00	4.12	4.03	3.54	1.84
Net Debt to NOPAT	7.94	8.11	7.10	4.08	7.35	0.00	-4.15	2.34	0.52	-1.44
Long-Term Debt to NOPAT	3.73	2.92	1.42	0.69	0.71	0.00	0.53	0.46	0.60	0.46
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-197	95	-297	323	-1,193	6,329	-5,242	773	654	678
Operating Cash Flow to CapEx	2,469.67%	2,907.88%	2,025.35%	886.59%	823.93%	937.95%	2,707.14%	2,895.23%	0.00%	15,288.10%
Free Cash Flow to Firm to Interest Expense	-3.62	1.30	-2.75	1.80	-5.18	54.81	-106.92	8.88	1.25	1.11
Operating Cash Flow to Interest Expense	4.33	4.71	3.80	2.50	1.53	3.08	11.95	9.67	0.95	1.02
Operating Cash Flow Less CapEx to Interest Expense	4.15	4.55	3.61	2.22	1.34	2.75	11.51	9.34	0.96	1.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.08	0.07	0.04	0.04	0.04
Fixed Asset Turnover	2.22	2.46	3.05	3.30	3.30	0.00	0.00	4.07	4.40	4.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,327	4,381	4,894	4,895	6,416	0.00	5,705	5,456	5,195	4,977
Invested Capital Turnover	0.21	0.21	0.23	0.23	0.21	0.39	0.45	0.25	0.26	0.28
Increase / (Decrease) in Invested Capital	329	55	513	1.11	1,521	-6,416	5,705	-249	-261	-218
Enterprise Value (EV)	2,588	3,947	5,051	3,837	5,907	2,690	2,149	5,135	4,264	4,044
Market Capitalization	1,544	2,736	3,521	2,517	3,501	2,690	4,070	3,911	4,061	4,709
Book Value per Share	$31.18	$35.06	$33.87	$36.18	$39.76	$0.00	$38.71	$39.01	$44.15	$47.96
Tangible Book Value per Share	$21.76	$25.92	$24.05	$25.76	$28.73	$0.00	$28.05	$28.37	$33.70	$37.61
Total Capital	4,327	4,381	4,894	4,895	6,416	0.00	5,270	5,456	5,195	4,977
Total Debt	1,914	1,662	2,009	1,814	2,948	0.00	1,909	2,113	1,391	850
Total Long-Term Debt	490	436	306	225	233	0.00	244	242	236	211
Net Debt	1,044	1,211	1,530	1,320	2,406	0.00	-1,921	1,225	203	-665
Capital Expenditures (CapEx)	9.55	12	20	51	43	38	22	29	-8.11	4.09
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	-42	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,914	1,662	2,009	1,814	2,948	0.00	2,344	2,113	1,391	850
Total Depreciation and Amortization (D&A)	80	83	86	82	84	93	96	81	63	55
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.64	$1.87	$2.49	$3.72	$3.72	($0.54)	$0.00	$6.00	$4.51	$5.30
Adjusted Weighted Average Basic Shares Outstanding	77.50M	77.85M	84.70M	85.36M	86.49M	86.53M	0.00	86.07M	86.13M	86.35M
Adjusted Diluted Earnings per Share	$1.64	$1.87	$2.48	$3.72	$3.72	($0.54)	$0.00	$5.98	$4.50	$5.28
Adjusted Weighted Average Diluted Shares Outstanding	77.50M	77.95M	84.96M	85.52M	86.60M	86.53M	0.00	86.39M	86.42M	86.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	77.50M	84.26M	85.25M	85.69M	87.24M	86.75M	0.00	85.98M	86.35M	86.13M
Normalized Net Operating Profit after Tax (NOPAT)	131	149	216	324	327	-87	463	524	393	461
Normalized NOPAT Margin	15.24%	16.41%	20.34%	28.55%	27.03%	-6.89%	35.70%	37.94%	28.32%	31.87%
Pre Tax Income Margin	19.68%	20.54%	29.10%	33.70%	32.43%	-9.85%	43.78%	47.72%	35.36%	39.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.12	2.56	2.85	2.13	1.70	-1.08	11.59	7.57	0.94	0.94
NOPAT to Interest Expense	2.41	2.04	1.99	1.80	1.42	-0.76	9.45	6.02	0.75	0.75
EBIT Less CapEx to Interest Expense	2.94	2.40	2.66	1.85	1.52	-1.41	11.15	7.24	0.95	0.93
NOPAT Less CapEx to Interest Expense	2.24	1.88	1.80	1.52	1.23	-1.08	9.01	5.69	0.77	0.75
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	58.58%	51.27%	38.61%	27.44%	28.98%	-211.64%	20.71%	18.02%	26.67%	28.39%
Augmented Payout Ratio	131.31%	51.27%	38.61%	29.99%	28.98%	-239.79%	25.41%	29.26%	26.67%	36.57%

This table displays calculated financial ratios and metrics derived from Hancock Whitney's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.45%	16.83%	17.13%	7.77%	-2.85%	-17.22%	-3.09%	0.69%	3.51%	18.27%	3.02%
EBITDA Growth	3.71%	5.03%	-0.88%	-6.50%	-27.61%	-61.70%	-15.84%	-3.01%	15.18%	116.73%	10.19%
EBIT Growth	6.50%	9.15%	2.55%	-4.34%	-28.53%	-65.37%	-15.84%	-1.70%	19.03%	141.57%	11.88%
NOPAT Growth	4.48%	4.39%	2.42%	-3.00%	-27.81%	-64.81%	-14.12%	-2.75%	18.25%	141.24%	10.03%
Net Income Growth	4.48%	4.39%	2.42%	-3.00%	-27.81%	-64.81%	-14.12%	-2.75%	18.25%	141.24%	10.03%
EPS Growth	6.16%	6.45%	3.57%	-2.17%	-27.74%	-64.85%	-14.48%	-2.96%	18.75%	141.38%	11.29%
Operating Cash Flow Growth	15.27%	204.56%	-69.38%	-37.56%	-0.28%	-44.38%	94.06%	-18.45%	-13.45%	106.32%	-37.49%
Free Cash Flow Firm Growth	356.31%	107.05%	-772.57%	-188.09%	-113.23%	-20.59%	242.06%	101.27%	-277.01%	8.95%	-105.81%
Invested Capital Growth	-11.79%	-4.36%	37.71%	28.45%	4.10%	-4.79%	-34.96%	1.86%	9.95%	-4.19%	5.77%
Revenue Q/Q Growth	10.34%	1.89%	-1.94%	-2.24%	-0.54%	-13.17%	14.79%	1.58%	2.24%	-0.79%	-0.02%
EBITDA Q/Q Growth	8.85%	3.59%	-11.33%	-6.48%	-15.73%	-45.20%	94.87%	7.77%	0.08%	3.12%	-0.92%
EBIT Q/Q Growth	10.83%	5.38%	-11.95%	-6.98%	-17.19%	-48.94%	113.99%	8.65%	0.27%	3.62%	-0.89%
NOPAT Q/Q Growth	11.49%	6.20%	-12.05%	-6.86%	-17.03%	-48.23%	114.64%	5.47%	0.89%	5.63%	-2.11%
Net Income Q/Q Growth	11.49%	6.20%	-12.05%	-6.86%	-17.03%	-48.23%	114.64%	5.47%	0.89%	5.63%	-2.11%
EPS Q/Q Growth	12.32%	6.45%	-12.12%	-6.90%	-17.04%	-48.21%	113.79%	5.65%	1.53%	5.26%	-1.43%
Operating Cash Flow Q/Q Growth	-8.75%	-11.32%	-48.55%	49.97%	45.74%	-50.54%	79.51%	-36.98%	54.67%	17.90%	-45.61%
Free Cash Flow Firm Q/Q Growth	-35.03%	-50.83%	-577.93%	42.31%	90.24%	395.12%	755.02%	-99.48%	-2,998.27%	185.29%	-145.62%
Invested Capital Q/Q Growth	17.54%	10.00%	34.07%	-25.90%	-4.74%	0.61%	-8.42%	16.05%	2.83%	-12.33%	1.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	52.16%	53.03%	47.96%	45.88%	38.87%	24.53%	41.65%	44.19%	43.26%	44.96%	44.55%
EBIT Margin	46.70%	48.29%	43.36%	41.26%	34.36%	20.20%	37.66%	40.28%	39.51%	41.26%	40.90%
Profit (Net Income) Margin	37.03%	38.59%	34.62%	32.98%	27.52%	16.41%	30.68%	31.86%	31.43%	33.47%	32.77%
Tax Burden Percent	79.30%	79.92%	79.83%	79.93%	80.09%	81.21%	81.46%	79.08%	79.56%	81.10%	80.11%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	20.70%	20.08%	20.17%	20.07%	19.91%	18.79%	18.54%	20.92%	20.44%	18.90%	19.89%
Return on Invested Capital (ROIC)	9.29%	9.55%	7.87%	10.00%	7.88%	4.27%	6.99%	8.02%	8.06%	9.52%	9.75%
ROIC Less NNEP Spread (ROIC-NNEP)	9.29%	9.55%	7.87%	10.00%	7.88%	4.27%	6.99%	8.02%	8.06%	9.52%	9.75%
Return on Net Nonoperating Assets (RNNOA)	5.15%	6.35%	6.36%	3.96%	4.06%	2.09%	4.44%	3.72%	3.32%	2.69%	1.99%
Return on Equity (ROE)	14.44%	15.91%	14.23%	13.96%	11.94%	6.36%	11.42%	11.74%	11.38%	12.20%	11.74%
Cash Return on Invested Capital (CROIC)	22.32%	13.85%	-23.38%	-14.05%	5.58%	12.28%	48.57%	4.95%	-2.30%	13.34%	4.03%
Operating Return on Assets (OROA)	1.77%	1.86%	1.68%	1.70%	1.41%	0.79%	1.42%	1.55%	1.54%	1.69%	1.70%
Return on Assets (ROA)	1.41%	1.49%	1.35%	1.36%	1.13%	0.64%	1.16%	1.23%	1.22%	1.37%	1.36%
Return on Common Equity (ROCE)	14.44%	15.91%	14.23%	13.96%	11.94%	6.36%	11.42%	11.74%	11.38%	12.20%	11.74%
Return on Equity Simple (ROE_SIMPLE)	16.29%	0.00%	14.93%	14.73%	13.88%	0.00%	9.73%	9.48%	9.33%	0.00%	11.02%
Net Operating Profit after Tax (NOPAT)	135	144	126	118	98	51	109	115	116	122	120
NOPAT Margin	37.03%	38.59%	34.62%	32.98%	27.52%	16.41%	30.68%	31.86%	31.43%	33.47%	32.77%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	44.48%	43.71%	43.92%	45.41%	46.25%	52.53%	47.32%	46.60%	44.88%	44.48%	44.77%
Operating Expenses to Revenue	52.92%	51.04%	54.99%	56.60%	57.62%	74.30%	58.67%	57.29%	55.44%	55.47%	56.23%
Earnings before Interest and Taxes (EBIT)	171	180	158	147	122	62	133	145	145	151	149
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	191	198	175	164	138	76	147	159	159	164	162
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.18	1.17	0.85	0.90	0.88	1.07	1.02	1.06	1.06	1.14	1.06
Price to Tangible Book Value (P/TBV)	1.65	1.61	1.15	1.21	1.19	1.40	1.33	1.37	1.35	1.45	1.33
Price to Revenue (P/Rev)	2.82	2.83	2.10	2.19	2.13	2.93	2.86	3.01	3.18	3.26	3.10
Price to Earnings (P/E)	7.22	7.46	5.72	6.12	6.36	10.34	10.49	11.15	11.35	10.22	9.58
Dividend Yield	2.48%	2.37%	3.17%	3.06%	3.26%	2.55%	2.63%	2.72%	2.74%	2.74%	3.15%
Earnings Yield	13.86%	13.40%	17.49%	16.33%	15.72%	9.67%	9.53%	8.97%	8.81%	9.79%	10.44%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.94	0.61	0.71	0.66	0.82	0.84	0.84	0.80	0.81	0.78
Enterprise Value to Revenue (EV/Rev)	3.51	3.72	3.13	2.62	2.34	3.08	2.90	3.38	3.28	2.80	2.69
Enterprise Value to EBITDA (EV/EBITDA)	6.38	6.94	6.07	5.27	5.03	7.71	7.58	8.96	8.42	6.43	6.08
Enterprise Value to EBIT (EV/EBIT)	7.24	7.79	6.77	5.84	5.58	8.70	8.56	10.08	9.38	7.05	6.64
Enterprise Value to NOPAT (EV/NOPAT)	9.01	9.80	8.51	7.32	6.98	10.86	10.63	12.55	11.70	8.78	8.31
Enterprise Value to Operating Cash Flow (EV/OCF)	6.39	6.10	6.93	6.73	5.96	8.61	6.91	8.44	8.64	6.46	6.96
Enterprise Value to Free Cash Flow (EV/FCFF)	3.95	6.64	0.00	0.00	12.02	6.52	1.36	17.22	0.00	5.96	19.87
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.63	1.07	0.52	0.47	0.37	0.23	0.41	0.36	0.21	0.18
Long-Term Debt to Equity	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.05	0.05
Financial Leverage	0.55	0.66	0.81	0.40	0.52	0.49	0.63	0.46	0.41	0.28	0.20
Leverage Ratio	10.26	10.70	10.58	10.26	10.61	9.90	9.86	9.58	9.32	8.91	8.61
Compound Leverage Factor	10.26	10.70	10.58	10.26	10.61	9.90	9.86	9.58	9.32	8.91	8.61
Debt to Total Capital	35.88%	38.73%	51.58%	34.42%	32.19%	26.78%	19.00%	28.99%	26.46%	17.07%	14.97%
Short-Term Debt to Total Capital	31.11%	34.30%	48.26%	30.06%	27.62%	22.23%	14.04%	24.70%	22.30%	12.84%	10.79%
Long-Term Debt to Total Capital	4.77%	4.44%	3.32%	4.36%	4.58%	4.55%	4.97%	4.28%	4.16%	4.23%	4.18%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.12%	61.27%	48.42%	65.58%	67.81%	73.22%	81.00%	71.01%	73.54%	82.93%	85.03%
Debt to EBITDA	2.43	2.85	5.09	2.57	2.46	2.52	1.72	3.08	2.78	1.35	1.17
Net Debt to EBITDA	1.27	1.65	1.99	0.86	0.45	0.37	0.10	1.00	0.25	-1.06	-0.93
Long-Term Debt to EBITDA	0.32	0.33	0.33	0.32	0.35	0.43	0.45	0.45	0.44	0.33	0.33
Debt to NOPAT	3.43	4.03	7.14	3.56	3.42	3.54	2.41	4.31	3.86	1.84	1.60
Net Debt to NOPAT	1.79	2.34	2.80	1.20	0.62	0.52	0.14	1.39	0.35	-1.44	-1.27
Long-Term Debt to NOPAT	0.46	0.46	0.46	0.45	0.49	0.60	0.63	0.64	0.61	0.46	0.45
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	799	393	-1,876	-1,083	-106	312	2,666	14	-398	340	-155
Operating Cash Flow to CapEx	4,547.00%	2,457.59%	1,562.17%	1,008.24%	2,980.03%	20,495.81%	7,332.64%	8,012.36%	4,148.88%	6,998.87%	2,636.85%
Free Cash Flow to Firm to Interest Expense	41.10	7.83	-21.42	-8.24	-0.72	1.98	17.14	0.09	-2.53	2.41	-1.24
Operating Cash Flow to Interest Expense	9.69	3.33	0.98	0.98	1.28	0.59	1.07	0.67	1.03	1.36	0.83
Operating Cash Flow Less CapEx to Interest Expense	9.48	3.19	0.92	0.88	1.24	0.59	1.06	0.66	1.01	1.34	0.80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	3.81	4.07	4.24	4.31	4.42	4.40	4.43	4.47	4.67	4.97	5.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,960	5,456	7,315	5,420	5,163	5,195	4,758	5,521	5,677	4,977	5,032
Invested Capital Turnover	0.25	0.25	0.23	0.30	0.29	0.26	0.23	0.25	0.26	0.28	0.30
Increase / (Decrease) in Invested Capital	-663	-249	2,003	1,200	203	-261	-2,557	101	514	-218	274
Enterprise Value (EV)	4,666	5,135	4,487	3,834	3,393	4,264	3,982	4,661	4,556	4,044	3,919
Market Capitalization	3,738	3,911	3,013	3,206	3,090	4,061	3,931	4,144	4,418	4,709	4,517
Book Value per Share	$37.10	$39.01	$41.07	$41.29	$40.65	$44.15	$44.54	$45.26	$48.35	$47.96	$49.68
Tangible Book Value per Share	$26.43	$28.37	$30.50	$30.77	$30.17	$33.70	$34.16	$34.92	$38.01	$37.61	$39.36
Total Capital	4,960	5,456	7,293	5,420	5,163	5,195	4,758	5,521	5,677	4,977	5,032
Total Debt	1,779	2,113	3,762	1,866	1,662	1,391	904	1,600	1,502	850	753
Total Long-Term Debt	236	242	242	236	236	236	236	236	236	211	211
Net Debt	928	1,225	1,473	628	303	203	51	518	137	-665	-598
Capital Expenditures (CapEx)	4.14	6.79	5.50	13	6.30	0.45	2.27	1.31	3.92	2.74	3.95
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,779	2,113	3,783	1,866	1,662	1,391	904	1,600	1,502	850	753
Total Depreciation and Amortization (D&A)	20	18	17	16	16	13	14	14	14	13	13
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.56	$1.65	$1.45	$1.35	$1.12	$0.59	$1.25	$1.31	$1.33	$1.41	$1.38
Adjusted Weighted Average Basic Shares Outstanding	85.71M	86.07M	86.02M	86.10M	86.13M	86.13M	86.52M	86.51M	86.23M	86.35M	86.09M
Adjusted Diluted Earnings per Share	$1.55	$1.65	$1.45	$1.35	$1.12	$0.58	$1.24	$1.31	$1.33	$1.40	$1.38
Adjusted Weighted Average Diluted Shares Outstanding	86.02M	86.39M	86.28M	86.37M	86.44M	86.42M	86.73M	86.77M	86.56M	86.65M	86.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	85.69M	85.98M	86.08M	86.13M	86.15M	86.35M	86.63M	86.35M	86.06M	86.13M	85.64M
Normalized Net Operating Profit after Tax (NOPAT)	135	144	126	118	98	51	109	115	116	122	120
Normalized NOPAT Margin	37.03%	38.59%	34.62%	32.98%	27.52%	16.41%	30.68%	31.86%	31.43%	33.47%	32.77%
Pre Tax Income Margin	46.70%	48.29%	43.36%	41.26%	34.36%	20.20%	37.66%	40.28%	39.51%	41.26%	40.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.79	3.59	1.81	1.12	0.83	0.40	0.86	0.92	0.92	1.07	1.19
NOPAT to Interest Expense	6.97	2.87	1.44	0.90	0.67	0.32	0.70	0.73	0.73	0.87	0.95
EBIT Less CapEx to Interest Expense	8.57	3.45	1.75	1.02	0.79	0.39	0.84	0.91	0.90	1.05	1.16
NOPAT Less CapEx to Interest Expense	6.76	2.73	1.38	0.80	0.62	0.32	0.68	0.72	0.71	0.85	0.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	18.30%	18.02%	18.37%	19.00%	21.01%	26.67%	28.03%	30.62%	31.42%	28.39%	30.51%
Augmented Payout Ratio	33.39%	29.26%	18.37%	19.46%	21.01%	26.67%	28.03%	34.55%	39.07%	36.57%	42.90%

Financials Breakdown Chart

Key Financial Trends

Hancock Whitney (NASDAQ: HWC) has demonstrated a consistent financial performance with some trends emerging from the quarterly data over the past few years through Q1 2025.

Positive Financial Trends:

Net interest income has remained relatively stable recently with Q1 2025 at $269.9 million, close to Q4 2024’s $273.6 million, indicating steady core earnings from lending activities.
Total non-interest income increased slightly in Q1 2025 ($94.8 million) compared to Q4 2024 ($91.2 million), pointing to growing fee and service income.
Net income attributable to common shareholders has exhibited solid growth year-over-year, with Q1 2025 reporting $119.5 million, up from $108.6 million in Q1 2024 and $50.6 million in Q4 2023, signaling improved profitability.
Basic and diluted earnings per share have steadily increased from $1.25 (Q1 2024) to $1.38 (Q1 2025), reflecting effective capital management and consistent profitability.
Provision for credit losses, although fluctuating quarter to quarter, remains moderate relative to total revenues, showing controlled credit risk with $10.5 million in Q1 2025.
Available cash and due from banks increased in Q1 2025 to $510 million, an improvement over prior quarters, supporting liquidity strength.
Loans and leases net of allowance remain stable around $22.8 to $23.6 billion over the past quarters indicating sustained lending activity and asset quality.
The company continues to maintain a healthy amount of common equity at approximately $4.3 billion in Q1 2025, providing a strong capital base.
Dividends per share increased to $0.45 in Q1 2025 from $0.3 in Q1 2024, showing commitment to returning value to shareholders.
Operating cash flow remains positive and robust, with Q1 2025 net cash from operating activities at about $104 million, supporting ongoing operational efficiency.

Neutral Financial Observations:

Total interest expense slightly decreased in Q1 2025 to $125.4 million compared to $140.7 million in Q4 2024, mainly due to lower short-term borrowing costs, which has a neutral impact on cost management.
Net cash from investing activities showed a strong positive inflow in Q1 2025 ($291.2 million), largely due to sale/maturity of investments exceeding purchases, a standard activity in asset/liability management.
The share count for weighted average diluted shares outstanding is steady at about 86 million, indicating no significant dilution trends recently.

Negative Financial Trends:

Net cash used in financing activities was substantial in Q1 2025, approximately -$460 million, primarily driven by a large net decrease in deposits and repayments of debt, which could pressure liquidity if prolonged.
Loans and leases gross balance showed slight fluctuations, and the allowance for loan losses increased moderately in Q1 2025 ($318 million), possibly signaling emerging credit risk considerations.
Other operating expenses have trended slightly upward, with Q1 2025 expenses at $39.7 million, up from previous quarters, which could weigh on net margins if unchecked.
Accumulated other comprehensive income/loss shows a negative balance around -$515 million in Q1 2025, reflecting unrealized losses which could impact equity valuations under certain conditions.

Summary:

Hancock Whitney has shown steady core net interest income and growing fee income, producing consistent net income growth and improving earnings per share through early 2025. The company’s capital base is strong, and dividends have risen, reflecting confidence in cash flow generation. However, significant outflows in financing activities, slight upticks in loan loss provisions, and rising operating expenses warrant monitoring. Overall, Hancock Whitney appears financially sound with controlled risk, but investors should watch liquidity and credit trends closely.

09/19/25 11:13 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Hancock Whitney's Financials

When does Hancock Whitney's fiscal year end?

According to the most recent income statement we have on file, Hancock Whitney's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Hancock Whitney's net income changed over the last 8 years?

Hancock Whitney's net income appears to be on an upward trend, with a most recent value of $460.82 million in 2024, rising from $131.46 million in 2015. The previous period was $392.60 million in 2023. Check out Hancock Whitney's forecast to explore projected trends and price targets.

How has Hancock Whitney's revenue changed over the last 8 years?

Over the last 8 years, Hancock Whitney's total revenue changed from $862.46 million in 2015 to $1.45 billion in 2024, a change of 67.7%.

How much debt does Hancock Whitney have?

Hancock Whitney's total liabilities were at $30.95 billion at the end of 2024, a 2.6% decrease from 2023, and a 51.6% increase since 2015.

How much cash does Hancock Whitney have?

In the past 8 years, Hancock Whitney's cash and equivalents has ranged from $0.00 in 2021 to $574.91 million in 2024, and is currently $574.91 million as of their latest financial filing in 2024.

How has Hancock Whitney's book value per share changed over the last 9 years?

Over the last 9 years, Hancock Whitney's book value per share changed from 31.18 in 2015 to 47.96 in 2024, a change of 53.8%.

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This page (NASDAQ:HWC) was last updated on 9/19/2025 by MarketBeat.com Staff

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Hancock Whitney (HWC) Financials

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Hancock Whitney (HWC) Financials

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