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Hancock Whitney Corporation (HWC)
NASDAQ:HWC
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Hancock Whitney
(NASDAQ:HWC)
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Rating:75Outperform
Price Target:
$71.00
▲(13.60% Upside)
Hancock Whitney's strong technical indicators and solid financial performance are the primary drivers of its stock score. The company's attractive valuation and positive earnings call sentiment further support its potential for growth, despite some challenges in revenue growth and deposit declines.
Hancock Whitney (HWC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.30B
Dividend Yield2.8%
Average Volume (3M)780.38K
Price to Earnings (P/E)11.5
Beta (1Y)1.19
Revenue Growth0.76%
EPS Growth27.66%
CountryUS
Employees3,497
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.32
Shares Outstanding84,754,974
10 Day Avg. Volume822,759
30 Day Avg. Volume780,375
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)1.14
Price to Sales (P/S)2.31
P/FCF Ratio7.68
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue2.88
Enterprise Value/Gross Profit4.12
Enterprise Value/Ebitda9.22
Forecast
1Y Price Target
$70.00Price Target Upside12.00% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Hancock Whitney Business Overview & Revenue Model
Company DescriptionHancock 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, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts. The company also offers loans products comprising commercial and industrial loans; commercial real estate loans; construction and land development loans; residential mortgages; consumer loans comprising second lien mortgage home loans, home equity lines of credit, and nonresidential consumer purpose loans; revolving credit facilities; and letters of credit and financial guarantees. In addition, it offers investment brokerage and treasury management services, and annuity and life insurance products; and trust and investment management services to retirement plans, corporations, and individuals. Further, the company facilitates investments in new market tax credit activities; and holds various foreclosed assets. The company operates 177 banking locations and 239 automated teller machines primarily in the Gulf south corridor, including southern and central Mississippi; southern and central Alabama; southern, central, and northwest Louisiana; the northern, central, and panhandle regions of Florida; and certain areas of east Texas, including Houston, Beaumont, Dallas, and San Antonio. It also operates a loan production office in Tennessee; and a trust and asset management office in Texas. The company was formerly known as Hancock Holding Company and changed its name to Hancock Whitney Corporation in May 2018. Hancock Whitney Corporation was founded in 1899 and is headquartered in Gulfport, Mississippi.
How the Company Makes MoneyHancock Whitney generates revenue through various streams primarily from interest income, non-interest income, and fees associated with its banking and financial services. The bank earns a significant portion of its revenue from the interest spread between the interest it pays on deposits and the interest it earns on loans. Key revenue streams include commercial and residential loans, which provide interest income, as well as fees from services such as asset management, wealth management, and transaction services. Additionally, Hancock Whitney benefits from partnerships with other financial institutions and organizations that enhance its service offerings and customer reach, contributing to its overall earnings.
Hancock Whitney Earnings Call Summary
Earnings Call Date:Jul 15, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 14, 2025
Earnings Call Sentiment Positive
The earnings call reflects a company in strong financial health with positive trends in NIM expansion, loan growth, and credit quality improvements. However, there are challenges with deposit declines and increased net charge offs. Overall, the positive aspects outweigh the negatives.Q2-2025 Updates
Positive Updates
Strong NIM Expansion
Net Interest Margin (NIM) expanded by six basis points, reflecting the company's focus on profitability and efficiency.
Loan Growth Achievement
Loans grew by $364 million or 6% annualized, driven by stronger demand and increased line utilization.
Successful Acquisition of Sable Trust Company
The acquisition was completed on May 2, contributing to fee income growth and expanding the trust services team.
Capital Ratios Remain Strong
Despite share repurchases and the acquisition, capital ratios such as TCE at 9.84% and common equity tier one ratio at 14.03% remained solid.
Improved Efficiency Ratio
The efficiency ratio improved to 54.91%, reflecting controlled expenses and strategic investments in technology.
Credit Quality Improvement
Criticized commercial loans decreased by 4% and nonaccrual loans decreased by 9%.
Negative Updates
Deposit Decline
Deposits decreased by $148 million due to a decrease in CDs and public funds.
Increased Net Charge Offs
Net charge offs were up this quarter, reaching 31 basis points.
Company Guidance
During the call, Hancock Whitney Corporation provided guidance on several key metrics and future expectations. The company reported a net income of $118 million, or $1.37 per share, with a return on assets (ROA) of 1.37%. The net interest margin (NIM) expanded by six basis points, and net interest income (NII) increased by 2%. Loan growth was 6% annualized, while deposits decreased by $148 million due to CD maturities and reductions. The company expects low single-digit loan growth for 2025 and modest NIM expansion in the second half of the year. Fee income grew by 4%, with trust fees as a primary driver. Expenses were up by 2%, aligning with strategic investments. The company repurchased 750,000 shares, maintaining strong capital ratios, including a tangible common equity (TCE) ratio of 9.84% and a common equity tier one ratio of 14.03%. Credit quality remained stable, with a solid allowance for credit losses at 1.45% and a decrease in criticized commercial loans by 4%. The company anticipates net charge-offs to be between 15 and 25 basis points for the full year. Hancock Whitney continues to focus on organic growth, adding new financial centers and hiring 10 net new bankers, with plans to expand further in 2025 and 2026.Hancock Whitney Financial Statement Overview
Summary
Hancock Whitney shows strong profitability margins and effective cash flow management. Despite challenges with declining revenue growth, the stable balance sheet and efficient operations provide a robust foundation for future growth.Income Statement
Hancock Whitney's income statement shows a strong gross profit margin of approximately 70% in TTM, indicating efficient cost management. Despite a slight decline in revenue growth rate, the company maintains healthy EBIT and EBITDA margins, reflecting operational efficiency. However, the negative revenue growth in the TTM period is a concern that could impact future profitability.75
Positive
Balance Sheet
The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.29 in TTM, suggesting prudent leverage use. The return on equity is solid at 10.82%, indicating effective use of equity capital. However, the equity ratio is not explicitly provided, which limits a full assessment of asset financing.70
Positive
Cash Flow
Cash flow analysis reveals a positive free cash flow growth rate of 3.31% in TTM, demonstrating effective cash generation. The operating cash flow to net income ratio is moderate, suggesting reasonable cash conversion efficiency. However, the free cash flow to net income ratio is slightly below 1, indicating limited cash surplus after covering net income.68
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.02B | 2.05B | 1.89B | 1.47B | 1.35B | 1.38B |
| Gross Profit | 1.41B | 1.39B | 1.31B | 1.41B | 1.37B | 664.05M |
| EBITDA | 629.62M | 615.69M | 536.40M | 704.81M | 613.83M | -74.70M |
| Net Income | 470.68M | 460.81M | 392.60M | 524.09M | 463.21M | -45.17M |
Balance Sheet | ||||||
| Total Assets | 35.21B | 35.08B | 35.58B | 35.18B | 36.53B | 33.64B |
| Cash, Cash Equivalents and Short-Term Investments | 6.75B | 6.68B | 6.10B | 6.44B | 11.22B | 7.86B |
| Total Debt | 1.38B | 967.38M | 1.52B | 2.23B | 2.03B | 2.18B |
| Total Liabilities | 30.85B | 30.95B | 31.77B | 31.84B | 32.86B | 30.20B |
| Stockholders Equity | 4.37B | 4.13B | 3.80B | 3.34B | 3.67B | 3.44B |
Cash Flow | ||||||
| Free Cash Flow | 569.60M | 615.50M | 470.22M | 812.88M | 562.15M | 317.32M |
| Operating Cash Flow | 584.01M | 625.74M | 495.25M | 842.02M | 585.69M | 355.19M |
| Investing Cash Flow | 136.60M | 274.76M | -295.21M | 662.36M | -3.22B | -3.18B |
| Financing Cash Flow | -708.94M | -886.79M | -203.29M | -1.34B | 2.51B | 2.92B |
Hancock Whitney Technical Analysis
Positive
62.50
Price Trends
61.42
Positive
58.96
Positive
56.21
Positive
Market Momentum
0.23
Positive
50.72
Neutral
48.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HWC, the sentiment is Positive. The current price of 62.5 is below the 20-day moving average (MA) of 62.94, above the 50-day MA of 61.42, and above the 200-day MA of 56.21, indicating a neutral trend. The MACD of 0.23 indicates Positive momentum. The RSI at 50.72 is Neutral, neither overbought nor oversold. The STOCH value of 48.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HWC.
Hancock Whitney Risk Analysis
Hancock Whitney disclosed 39 risk factors in its most recent earnings report. Hancock Whitney reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hancock Whitney Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $4.81B | 11.42 | 17.42% | ― | 9.00% | -2.90% | |
79 Outperform | $5.06B | 13.01 | 10.46% | 1.08% | 5.95% | 25.95% | |
78 Outperform | $5.08B | 17.36 | 5.18% | 3.81% | 37.25% | -8.67% | |
75 Outperform | $5.30B | 11.53 | 11.30% | 2.80% | 0.76% | 27.66% | |
72 Outperform | $5.27B | 13.14 | 7.71% | 3.98% | 7.29% | 6.87% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $4.79B | 19.55 | 15.09% | 2.21% | 14.53% | 21.78% |
* Financial Sector Average
HWC
Hancock Whitney
62.50
13.28
26.98%
ABCB
Ameris Bancorp
73.79
13.65
22.70%
AX
Axos Financial
85.17
24.24
39.78%
FFIN
First Financial Bankshares
33.50
-1.75
-4.96%
AUB
Atlantic Union Bankshares
35.68
0.44
1.25%
UBSI
United Bankshares
37.19
2.49
7.18%
Hancock Whitney Corporate Events
Stock BuybackFinancial Disclosures
Hancock Whitney Reports Q2 2025 Financial Results
Neutral
Jul 15, 2025
Hancock Whitney Corporation reported its financial results for the second quarter of 2025, with a net income of $113.5 million, or $1.32 per diluted share, slightly down from the previous quarter. The company highlighted a 6% annualized increase in loans and a decrease in deposits by 2% linked-quarter. The acquisition of Sabal Trust Company contributed to an increase in trust fees and personnel expenses. The company also repurchased 750,000 shares of its common stock, reflecting its ongoing commitment to shareholder value. Despite a slight decrease in some financial ratios, Hancock Whitney continues to focus on growth and profitability, as evidenced by its improved efficiency ratio and expanding net interest margin.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.