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.
Quarterly Income Statements for Hancock Whitney
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 |
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 |
Annual Cash Flow Statements for Hancock Whitney
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 |
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 |
Quarterly Cash Flow Statements for Hancock Whitney
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 |
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 |
Annual Balance Sheets for Hancock Whitney
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 |
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 |
Quarterly Balance Sheets for Hancock Whitney
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 |
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 |
Annual Metrics And Ratios for Hancock Whitney
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 |
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% |
Quarterly Metrics And Ratios for Hancock Whitney
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 |
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% |
Key Financial Trends
Hancock Whitney (NASDAQ: HWC) has demonstrated steady financial performance over the last four years through Q1 2025, with a few key trends and developments worth noting for investors.
Positive Financial Trends:
- Net interest income remains the core strength, with quarterly net interest income around $270 million in Q1 2025, consistent with prior quarters. This shows stable interest earning asset management and loan portfolio performance.
- The company’s net income has shown growth from approximately $50 million in Q4 2023 to $120 million in Q1 2025, indicating improving profitability over the recent quarters.
- Basic and diluted earnings per share (EPS) grew from about $0.59 in Q4 2023 to $1.38 in Q1 2025, reflecting both profitability gains and share count stability.
- Dividends per common share have increased gradually from $0.27 in early 2023 to $0.45 by Q1 2025, showing a commitment to returning capital to shareholders.
- HWC reported robust cash flows from operating activities, with Q1 2025 net cash from operations at approximately $104 million, supporting the company’s liquidity and operational health.
- Investing activities in recent quarters, particularly in Q1 2025, show strong cash inflows from the sale/maturity of investments surpassing purchases, providing flexibility in portfolio management.
- Common equity has steadily increased, reaching approximately $4.28 billion by Q1 2025, suggesting strengthened capital base and financial stability.
Neutral Financial Factors:
- Loans and leases outstanding have remained relatively flat around $23 billion (net of allowance) from 2023 through Q1 2025, indicating no substantial growth in lending volume recently.
- Provision for credit losses shows quarterly fluctuations, averaging roughly $8 million to $18 million, reflecting ongoing credit risk assessments but no extreme deterioration.
- Accumulated other comprehensive loss remains significant at approximately -$515 million in Q1 2025, which could relate to unrealized losses on securities or pension liabilities but not impacting net income directly.
Negative Financial Considerations:
- Interest expense has increased over 2023-2025, rising from around $50 million in late 2022 to over $125 million in Q1 2025, largely affected by higher deposit and borrowing costs which compress net interest margins.
- Non-interest expenses have increased to over $205 million in Q1 2025 from about $190 million in 2022, driven by higher employee benefits, occupancy, and other operating costs, indicating pressure on the expense base.
- Significant cash outflows from financing activities in Q1 2025 totaling nearly $460 million, primarily driven by deposit outflows and debt repayments, suggesting potential tightening in funding sources or strategic balance sheet adjustments.
- Total assets have slightly declined from above $37 billion in early 2023 to about $34.75 billion in Q1 2025, indicating a modest shrinkage in the balance sheet that may limit growth prospects.
- Deposits see volatility with declines in Q1 2025; net change in deposits was negative around $298 million, which might impact loan funding and liquidity.
In summary, Hancock Whitney displays strong earnings growth and dividend increases, supported by stable net interest income and improving net income. However, investors should watch rising interest expense and non-interest costs, as well as the recent shrinkage in deposits and total assets, which could pressure future margins and growth. The company’s solid capital base and cash flows provide resilience, but cost management and deposit stability will be key areas to monitor going forward.
08/28/25 10:39 PM ETAI Generated. May Contain Errors.