Hancock Whitney (HWC)


Market Price (9/23/2026): $73.58 | Market Cap: $6.0 BilSector: Financials | Industry: Regional Banks

Hancock Whitney (HWC)


Market Price (9/23/2026): $73.58
Market Cap: $6.0 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.8%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8%, FCF Yield is 9.4%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 38%

Low stock price volatility
Vol 12M is 25%

Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3%

Key risks
HWC key risks include [1] its vulnerability to regional economic stress due to a heavy operational concentration in the Gulf South and [2] elevated credit risk from an increase in non-performing construction and development (C&D) loans.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.8%, Dividend Yield is 2.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8%, FCF Yield is 9.4%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 38%
2 Low stock price volatility
Vol 12M is 25%
3 Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.
5 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3%
6 Key risks
HWC key risks include [1] its vulnerability to regional economic stress due to a heavy operational concentration in the Gulf South and [2] elevated credit risk from an increase in non-performing construction and development (C&D) loans.

HWC in ETFs

Weight = HWC's share of each fund

VTI0.01%
ITOT0.01%
IWM0.21%
IJH0.18%
VYM0.02%
VB0.07%
KRE1.4%
AVUV0.39%
+16 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/1/2026

Hancock Whitney (HWC) stock has gained about 10% since 5/31/2026 because of the following key factors:

1. Strong Fiscal Q2 2026 Financial Performance.

Hancock Whitney reported robust fiscal Q2 2026 results on July 21, 2026, with net income totaling $127.0 million, or $1.55 per diluted share, meeting analyst expectations. This marked a significant rebound from fiscal Q1 2026's net income of $47.4 million, or $0.57 per diluted share, which included a $98.6 million pretax securities portfolio restructuring charge. The company also demonstrated strong organic growth with a 10% linked-quarter annualized increase in loans, reaching $24.6 billion, and an 8% linked-quarter annualized increase in deposits, totaling $29.6 billion.

2. Strategic Acquisition of One Florida Bank.

The completion of the One Florida Bank acquisition on August 3, 2026, acted as a significant growth catalyst. This strategic move, originally announced on May 15, 2026, added $1.7 billion in loans and $1.8 billion in deposits to Hancock Whitney's portfolio. The transaction is projected to be accretive to earnings per share in the high single digits and is expected to realize 40% in cost savings, amounting to $15.8 million, fully by 2027.

Show more
Updated on 9/1/2026

Hancock Whitney (HWC) stock has gained about 10% since 5/31/2026 because of the following key factors:

1. Strong Fiscal Q2 2026 Financial Performance.

Hancock Whitney reported robust fiscal Q2 2026 results on July 21, 2026, with net income totaling $127.0 million, or $1.55 per diluted share, meeting analyst expectations. This marked a significant rebound from fiscal Q1 2026's net income of $47.4 million, or $0.57 per diluted share, which included a $98.6 million pretax securities portfolio restructuring charge. The company also demonstrated strong organic growth with a 10% linked-quarter annualized increase in loans, reaching $24.6 billion, and an 8% linked-quarter annualized increase in deposits, totaling $29.6 billion.

2. Strategic Acquisition of One Florida Bank.

The completion of the One Florida Bank acquisition on August 3, 2026, acted as a significant growth catalyst. This strategic move, originally announced on May 15, 2026, added $1.7 billion in loans and $1.8 billion in deposits to Hancock Whitney's portfolio. The transaction is projected to be accretive to earnings per share in the high single digits and is expected to realize 40% in cost savings, amounting to $15.8 million, fully by 2027.

3. Enhanced Shareholder Returns through Dividend Increase.

Hancock Whitney reinforced its commitment to shareholder value by increasing its regular quarterly common stock cash dividend by 11.1% to $0.50 per share, as approved for both fiscal Q2 2026 (payable June 15, 2026) and fiscal Q3 2026 (payable September 15, 2026). This consistent dividend growth, coupled with ongoing share repurchases, attracted investor attention and contributed to the stock's positive trend.

4. Positive Analyst Sentiment and Upgraded Price Targets.

During this period, Hancock Whitney received a consensus "Moderate Buy" rating from analysts, with an average 12-month price target of $83.78. Several analysts reiterated "overweight" or "buy" ratings and increased their price targets, including Piper Sandler to $87.00, Barclays to $82.00, and Benchmark to $91.00, reflecting strong confidence in the company's financial trajectory and strategic initiatives.

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Stock Movement Drivers

Fundamental Drivers

The 9.5% change in HWC stock from 5/31/2026 to 9/22/2026 was primarily driven by a 5.1% change in the company's P/E Multiple.
(LTM values as of)53120269222026Change
Stock Price ($)67.1873.579.5%
Change Contribution By: 
Total Revenues ($ Mil)1,4371,4621.8%
Net Income Margin (%)28.8%29.2%1.5%
P/E Multiple13.313.95.1%
Shares Outstanding (Mil)82810.9%
Cumulative Contribution9.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/22/2026
ReturnCorrelation
HWC9.5% 
Market (SPY)2.5%12.5%
Sector (XLF)6.6%51.8%

Fundamental Drivers

The 14.2% change in HWC stock from 2/28/2026 to 9/22/2026 was primarily driven by a 26.5% change in the company's P/E Multiple.
(LTM values as of)22820269222026Change
Stock Price ($)64.4173.5714.2%
Change Contribution By: 
Total Revenues ($ Mil)1,5091,462-3.1%
Net Income Margin (%)32.2%29.2%-9.2%
P/E Multiple11.013.926.5%
Shares Outstanding (Mil)83812.7%
Cumulative Contribution14.2%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/22/2026
ReturnCorrelation
HWC14.2% 
Market (SPY)13.3%33.7%
Sector (XLF)7.5%56.8%

Fundamental Drivers

The 21.2% change in HWC stock from 8/31/2025 to 9/22/2026 was primarily driven by a 26.2% change in the company's P/E Multiple.
(LTM values as of)83120259222026Change
Stock Price ($)60.7173.5721.2%
Change Contribution By: 
Total Revenues ($ Mil)1,4661,462-0.2%
Net Income Margin (%)32.1%29.2%-9.0%
P/E Multiple11.013.926.2%
Shares Outstanding (Mil)86815.7%
Cumulative Contribution21.2%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/22/2026
ReturnCorrelation
HWC21.2% 
Market (SPY)21.2%34.6%
Sector (XLF)3.1%61.3%

Fundamental Drivers

The 96.5% change in HWC stock from 8/31/2023 to 9/22/2026 was primarily driven by a 126.2% change in the company's P/E Multiple.
(LTM values as of)83120239222026Change
Stock Price ($)37.4473.5796.5%
Change Contribution By: 
Total Revenues ($ Mil)1,4571,4620.4%
Net Income Margin (%)35.9%29.2%-18.7%
P/E Multiple6.213.9126.2%
Shares Outstanding (Mil)86816.4%
Cumulative Contribution96.5%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/22/2026
ReturnCorrelation
HWC96.5% 
Market (SPY)78.3%53.8%
Sector (XLF)67.1%70.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HWC Return51%-1%3%16%20%20%156%
Peers Return51%-12%0%22%7%10%92%
S&P 500 Return27%-19%24%23%16%13%107%

Monthly Win Rates [3]
HWC Win Rate75%42%58%50%67%67% 
Peers Win Rate75%45%43%57%60%40% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
HWC Max Drawdown-19%-25%-40%-17%-24%-17% 
Peers Max Drawdown-18%-29%-42%-18%-27%-17% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: FNB, SFBS, CBU, BKU, FITB. See HWC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/22/2026 (YTD)

How Low Can It Go

EventHWCS&P 500
2025 US Tariff Shock
  % Loss-21.1%-18.8%
  % Gain to Breakeven26.7%23.1%
  Time to Breakeven88 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-22.7%-9.5%
  % Gain to Breakeven29.3%10.5%
  Time to Breakeven37 days24 days
2023 SVB Regional Banking Crisis
  % Loss-38.4%-6.7%
  % Gain to Breakeven62.3%7.1%
  Time to Breakeven431 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-16.1%-24.5%
  % Gain to Breakeven19.2%32.4%
  Time to Breakeven28 days427 days
2020 COVID-19 Crash
  % Loss-61.0%-33.7%
  % Gain to Breakeven156.5%50.9%
  Time to Breakeven290 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-31.5%-19.2%
  % Gain to Breakeven45.9%23.8%
  Time to Breakeven809 days105 days

Compare to FNB, SFBS, CBU, BKU, FITB

In The Past

Hancock Whitney's stock fell -21.1% during the 2025 US Tariff Shock. Such a loss loss requires a 26.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventHWCS&P 500
2025 US Tariff Shock
  % Loss-21.1%-18.8%
  % Gain to Breakeven26.7%23.1%
  Time to Breakeven88 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-22.7%-9.5%
  % Gain to Breakeven29.3%10.5%
  Time to Breakeven37 days24 days
2023 SVB Regional Banking Crisis
  % Loss-38.4%-6.7%
  % Gain to Breakeven62.3%7.1%
  Time to Breakeven431 days31 days
2020 COVID-19 Crash
  % Loss-61.0%-33.7%
  % Gain to Breakeven156.5%50.9%
  Time to Breakeven290 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-31.5%-19.2%
  % Gain to Breakeven45.9%23.8%
  Time to Breakeven809 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-27.2%-12.2%
  % Gain to Breakeven37.3%13.9%
  Time to Breakeven182 days62 days
2014-2016 Oil Price Collapse
  % Loss-34.1%-6.8%
  % Gain to Breakeven51.8%7.3%
  Time to Breakeven209 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-20.1%-17.9%
  % Gain to Breakeven25.1%21.8%
  Time to Breakeven18 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-31.2%-15.4%
  % Gain to Breakeven45.4%18.2%
  Time to Breakeven1251 days125 days
2008-2009 Global Financial Crisis
  % Loss-41.2%-53.4%
  % Gain to Breakeven70.1%114.4%
  Time to Breakeven56 days1085 days

Compare to FNB, SFBS, CBU, BKU, FITB

In The Past

Hancock Whitney's stock fell -21.1% during the 2025 US Tariff Shock. Such a loss loss requires a 26.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Hancock Whitney (HWC)

Hancock Whitney Corporation (HWC) operates as a regional bank holding company, primarily serving the financial needs of communities throughout the Gulf South corridor. Its core business revolves around traditional banking activities, which involve attracting various forms of customer deposits and then utilizing these funds to provide a wide array of lending products.

The company offers a comprehensive suite of banking products and services. On the deposit side, it accepts noninterest-bearing demand, interest-bearing transaction, savings, money market, and time deposit accounts. Its lending portfolio is diverse, encompassing commercial and industrial loans, commercial real estate loans, construction and land development loans, residential mortgages, and consumer loans such as home equity lines of credit. Hancock Whitney also provides revolving credit facilities and letters of credit.

Beyond its core deposit and lending services, Hancock Whitney extends its offerings to include investment brokerage, treasury management, and trust and investment management services for retirement plans, corporations, and individuals. The company primarily serves commercial, small business, and retail customers across southern and central Mississippi, southern and central Alabama, Louisiana, Florida, and key areas of east Texas, operating through 177 full-service offices and 240 ATMs.

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1. A full-service regional bank, much like a scaled-down Bank of America or Wells Fargo, concentrated in the Gulf South.

2. Similar to a Truist or PNC Bank, but primarily serving the Gulf South states.

AI Analysis | Feedback

  • Deposit Services: Accepting various types of customer deposits, including checking, savings, money market, and time deposit accounts.
  • Loan Services: Providing a wide range of loans to businesses and individuals, such as commercial, real estate, residential mortgages, and consumer loans.
  • Investment Brokerage Services: Offering services for clients to buy and sell various investment products.
  • Treasury Management Services: Providing financial services to businesses for managing cash flow, payments, and other financial operations.
  • Annuity and Life Insurance Products: Selling annuity and life insurance policies to customers.
  • Trust and Investment Management Services: Managing assets and investments for retirement plans, corporations, and individuals.

AI Analysis | Feedback

Hancock Whitney (HWC) Major Customers

Hancock Whitney (HWC) sells primarily to a diverse range of customers rather than a few major named companies. Its major customer categories include:

  • Commercial customers
  • Small business customers
  • Retail customers

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John M. Hairston, President & Chief Executive Officer

John M. Hairston joined Hancock Whitney in 1994, following a career in financial services consulting with Anderson Consulting. He has served as Chief Executive Officer since 2008 and President since 2014. Prior to becoming President of the company, he held the role of Chief Operating Officer from 2008 to 2014. He has been a director of Hancock Whitney since 2006. Hairston has also served on the board and as a faculty member of the Graduate School of Banking at Louisiana State University and the Georgia Banking School. He currently serves on the Boards of Directors of the Gulf Coast Business Council, New Orleans Business Council, Mississippi Economic Council, and The National WWII Museum.

Michael M. Achary, Chief Financial Officer

Michael M. Achary has been the Senior Executive Vice President and Chief Financial Officer of Hancock Whitney since 2007, and was designated Principal Accounting Officer in 2022. He joined Hancock Whitney in the summer of 2000. Before his tenure at Hancock Whitney, Achary served as a senior vice president at First Commerce Corporation, based in New Orleans, and as chief financial officer for a New Orleans law firm. He is a certified public accountant and holds both a Bachelor of Science degree in accounting and a Master of Business Administration degree from the University of New Orleans. Achary is also a graduate of the Graduate School of Banking at Louisiana State University.

D. Shane Loper, Hancock Whitney Bank President & Chief Operating Officer

D. Shane Loper was named President of Hancock Whitney Bank in March 2024, while retaining his senior executive corporate role as Chief Operating Officer for Hancock Whitney Corporation. He began his career with the company as a computer programmer and has dedicated 34 years to the organization. Loper has provided senior executive oversight for various critical functions, including corporate operations, human resources, compliance and risk management, information technology, business strategy, and merger and acquisition integration. He holds a Bachelor of Science degree from the University of Southern Mississippi and a Master of Business Administration degree from Troy State University. He is also a graduate of the Graduate School of Banking at Louisiana State University. Additionally, he served as a Mississippi Army National Guard Infantry Officer and Major for over 16 years.

Emory L. Mayfield, Chief Banking Officer

Emory L. Mayfield was appointed Chief Banking Officer for Hancock Whitney Corporation in January 2026. He brings more than two decades of bank leadership and industry experience to the role, overseeing core business lines such as corporate, middle market, commercial and business banking, mortgage banking, and retail banking. Mayfield joined Hancock Whitney in 2013 as market president for the Tallahassee, Florida region, later serving as Mississippi Regional President, and most recently as Chief Consumer Banking Officer since 2022. Prior to joining Hancock Whitney, he spent over 10 years as a senior vice president for Capital City Bank and as a public finance associate with Fannie Mae in Washington, D.C.

Juanita P. Kuhner, General Counsel & Corporate Secretary

Juanita P. Kuhner serves as the General Counsel & Corporate Secretary for Hancock Whitney Corporation.

AI Analysis | Feedback

The key risks to Hancock Whitney Corporation (HWC) primarily stem from its core banking operations, geographic concentration, and the broader economic and regulatory environment.

  1. Economic and Market Conditions / Credit Risk: Hancock Whitney faces significant exposure to uncertain economic and market conditions, including potential recessions and regional economic stress, particularly within its primary operating area of the Gulf South region. These conditions can lead to increased delinquencies and defaults on its diverse loan portfolio, which includes commercial and industrial loans, commercial real estate loans, construction and land development loans, and residential mortgages. The company also has lending concentration risks in sectors such as commercial and residential real estate, healthcare, and hospitality, which could be adversely affected by economic disruptions, regulatory changes, or environmental events, thereby impairing its financial performance.

  2. Interest Rate Fluctuations: As a financial institution, Hancock Whitney is highly sensitive to interest rate fluctuations. Both rising and falling interest rates can substantially impact the company's net interest income, demand for its loan products, and the valuation of its assets and liabilities. Changes in the Federal Reserve's monetary policy, including adjustments to interest rates, introduce further uncertainty and can significantly affect the bank's profitability and financial performance.

  3. Operational Risks, including Cybersecurity Threats and Third-Party Vendor Reliance: Hancock Whitney is exposed to various operational risks inherent in the banking industry. These include a reliance on third-party vendors for critical business infrastructure, which could lead to disruptions if these vendors experience performance failures. Additionally, cybersecurity threats and data breaches remain a significant concern, posing potential impacts on business continuity, customer data security, and the company's reputation.

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The clear emerging threat to Hancock Whitney is the rise of digital-first banks, neobanks, and specialized financial technology (fintech) companies. These new entrants leverage technology to offer a range of banking products and services, including deposits, loans, and payment solutions, with lower overhead costs and often superior digital user experiences. This model allows them to attract and service retail, small business, and certain commercial customers without the extensive physical branch network that Hancock Whitney maintains, directly challenging its traditional banking operations and potentially eroding its customer base and market share.

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Hancock Whitney Corporation operates in the Gulf South corridor, including southern and central Mississippi; southern and central Alabama; southern, central, and northwest Louisiana; northern, central, and panhandle regions of Florida; and certain areas of east Texas. The addressable market sizes for its main products and services within these regions are detailed below:

Deposit Products

  • Total Deposits:
    • Mississippi: Approximately $140.81 billion as of June 30, 2024.
    • Florida: Approximately $831 billion as of Q4 2024.
    • Alabama: Total deposits for state-chartered banks were approximately $249.43 billion as of fiscal year-end 2019.
    • Louisiana: Approximately $131 billion as of 2024.
    • Dallas-Fort Worth Region (Texas): Approximately $714.7 billion as of June 30, 2023.

Loan Products

  • Small Business Loans:
    • Mississippi: Community banks provided approximately $2.5 billion in SBA 504 and 7(a) loans from 2010-2025.
    • Alabama: Community banks provided approximately $3.5 billion in SBA 504 and 7(a) loans from 2010-2025.
    • Louisiana: Approximately $10 billion as of 2024. Community banks provided approximately $2.8 billion in SBA 504 and 7(a) loans from 2010-2025.
    • Texas: Community banks provided approximately $34 billion in SBA 504 and 7(a) loans from 2010-2025.
    • Florida: Approximately $52.9 billion as of 2024.
  • Residential Mortgages (New Home Loans):
    • Florida: Approximately $87.1 billion in new home loans were booked in 2024.
    • Louisiana: Approximately $7.2 billion in new home loans were booked in 2024.
  • Commercial and Industrial Loans: Unable to determine a specific addressable market size for Hancock Whitney's operating regions.
  • Commercial Real Estate Loans: Unable to determine a specific addressable market size in dollar figures for Hancock Whitney's operating regions. In Q1 2024, commercial real estate loans constituted 55% of all Texas community bank loans.
  • Construction and Land Development Loans: Unable to determine a specific addressable market size in dollar figures for Hancock Whitney's operating regions.
  • Consumer Loans: Unable to determine a specific addressable market size in dollar figures for Hancock Whitney's operating regions. In July 2025, consumer loans made up 1.3% of total loans at top-performing Texas banks.
  • Revolving Credit Facilities: Unable to determine a specific addressable market size for Hancock Whitney's operating regions.
  • Letters of Credit and Financial Guarantees: Unable to determine a specific addressable market size for Hancock Whitney's operating regions.

Other Services

  • Investment Brokerage Services: Unable to determine a specific addressable market size for Hancock Whitney's operating regions.
  • Treasury Management Services: Unable to determine a specific addressable market size for Hancock Whitney's operating regions.
  • Annuity and Life Insurance Products: Unable to determine a specific addressable market size for Hancock Whitney's operating regions.
  • Trust and Investment Management Services: Unable to determine a specific addressable market size for Hancock Whitney's operating regions.

AI Analysis | Feedback

Hancock Whitney (HWC) is expected to drive future revenue growth over the next two to three years through several key initiatives and market dynamics:

  1. Loan Growth: Hancock Whitney anticipates mid-single-digit loan growth for 2026, building on a 6% annualized growth observed in the fourth quarter of 2025. This growth is a fundamental driver for the company's Net Interest Income (NII).
  2. Net Interest Margin (NIM) Expansion and Net Interest Income (NII) Growth: The company completed a bond portfolio restructuring in early 2026, which is projected to positively impact NIM by 7 basis points and contribute an additional $24 million to NII annually. Management forecasts NII to increase by 5-6% in 2026, with some analysts expecting a NIM expansion of 12-15 basis points year-over-year by the fourth quarter of 2026.
  3. Expansion of Fee Income through Wealth Management and Trust Services: The acquisition of Sabal Trust Company in early 2025 is a significant driver, expected to boost Hancock Whitney's fee income by 9-10% year-over-year by adding $5.5 billion in assets under management. Furthermore, an expanded partnership with Wealth Access, extending the platform used by Sabal Trust, aims to integrate banking, trust, and wealth management services to deepen client relationships and support higher fee-based revenue, with overall fee income projected to grow 4-5% in 2026.
  4. Organic Growth and Geographic Expansion: Hancock Whitney is executing a multi-year organic growth plan, which includes strategic hiring and expanding its physical presence in high-growth markets like Texas and Florida. The company intends to establish five new financial centers in the Dallas metropolitan area by early 2026, targeting energy and technology sectors, and plans to hire up to 50 additional revenue-generating associates in 2026 to support these growth targets.

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Share Repurchases

  • Hancock Whitney's previous share repurchase program, authorizing the repurchase of up to 4.3 million shares, was fully utilized in the fourth quarter of 2025. During Q4 2025, the company repurchased 2,543,700 shares at an average price of $57.62 per share.
  • In December 2025, the Board of Directors authorized a new stock buyback program, effective January 1, 2026, to repurchase up to 5% of the company's outstanding common stock as of December 31, 2025, with this authorization running through December 31, 2026.
  • Management anticipates continuing share repurchases at a more even pace throughout 2026, supported by the company's surplus capital position.

Share Issuance

  • No significant share issuances for capital raising purposes were identified within the last 3-5 years.
  • An equity award (restricted stock unit grant) of 8,493 shares was reported for the COO in February 2026 at a reference price of $69.94 per share.

Outbound Investments

  • Hancock Whitney Bank acquired Sabal Trust Company, a non-depository trust company based in St. Petersburg, Florida, with the agreement announced in January 2025 and expected to close in Q2 2025. Sabal Trust had assets under management of approximately $3 billion at December 31, 2024, and generated $22.1 million in revenues in 2024.
  • This acquisition was a strategic opportunity to expand Hancock Whitney's wealth and asset management group within the high-growth Florida market.
  • The company's strategy includes executing a disciplined acquisition approach to expand into less energy-concentrated markets and pursuing growth in adjacent, high-margin areas.

Capital Expenditures

  • The company is making ongoing investments in revenue-generating activities, with expenses projected to increase by 5-6% in 2026, including an impact from the execution of its organic growth plan and the full-year expenses related to the Sabal Trust Company acquisition.
  • Capital is being allocated towards strategic technology investments to enhance digital banking capabilities and compete effectively in digital banking.
  • Hancock Whitney plans to expand by adding 20-30 revenue producers in high-growth markets like Texas and Florida.

Peer Outperformance in Regional Banks

HWC has outperformed 69% of its 265 Regional Banks peers over 5Y. Among the peers that beat it are FBP and BPOP. Regional Banks ranks 7th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that HWC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
44%
of 290 industry peers · 21.1% return
3Y
73%
of 279 industry peers · 121.2% return
5Y
69%
of 265 industry peers · 87.2% return
Regional Banks peers with revenue growth within 4pp of HWC's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
HWC Hancock Whitney 0.3% 13.9x 21.1%121.2%87.2%
FBP First BanCorp 2.9% 11.1x 26.1%126.1%155.3% +68pp
BPOP Popular 2.8% 10.6x 29.0%180.2%146.2% +59pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is HWC's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 7 25.1%63.7%118.0% SPNT 171% · RGA 146% · RNR 139%
Diversified Banks 13 30.7%131.4%112.5% CM 152% · RY 141% · JPM 139%
Investment Banking & Brokerage 13 -1.5%107.8%109.6% IBKR 507% · SNEX 256% · GS 174%
Life & Health Insurance 20 7.5%51.6%98.0% JXN 517% · UNM 350% · FG 195%
Multi-Sector Holdings 4 4.9%46.9%78.8% JONE 362% · BRK-B 81% · VOYA 77%
Property & Casualty Insurance 42 8.4%64.8%65.7% ASIC 2701900% · HRTG 395% · UVE 312%
Regional Banks ← 266 24.8%91.2%61.2% ESQ 365% · BLX 356% · GCBC 312%
Multi-line Insurance 9 7.0%69.5%58.1% GNW 176% · L 103% · SLF 98%
Financial Exchanges & Data 15 -3.1%16.7%28.8% VIRT 173% · CBOE 130% · CME 70%
Diversified Financial Services 4 -7.4%22.5%24.8% FRHC 165% · EQH 103% · TMS -53%
Consumer Finance 30 -1.3%89.1%21.8% ENVA 409% · EZPW 306% · FCFS 166%
Insurance Brokers 16 -18.3%-10.1%14.3% LIFE 190% · ARX 88% · CRD-A 63%
Commercial & Residential Mortgage Finance 15 -44.3%26.6%12.7% FNMA 445% · FMCC 407% · ACT 174%
Asset Management & Custody Banks 87 -11.0%14.3%7.5% WT 330% · SII 291% · VCTR 263%
Specialized Finance 3 13.3%43.6%-3.2% EFC 27% · CACC -3% · HASI -17%
Mortgage REITs 33 -10.2%8.5%-21.2% NREF 59% · RITM 43% · DX 34%
Diversified Capital Markets 25 -32.4%9.5%-47.0% OPY 180% · LPLA 105% · CD 82%
Transaction & Payment Processing Services 17 -1.2%-8.2%-47.9% V 65% · MA 62% · CPAY 49%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HWCFNBSFBSCBUBKUFITBMedian
NameHancock .F N B Servisfi.Communit.BankUnit.Fifth Th. 
Mkt Price73.5717.6241.7561.1443.7852.7648.27
Mkt Cap6.06.34.63.23.148.15.3
Rev LTM1,4621,8286198601,12210,4901,292
Op Inc LTM-------
FCF LTM5606224642473722,896512
FCF 3Y Avg5575003092183913,342445
CFO LTM5777044733083723,665525
CFO 3Y Avg5716023152593913,912481

Growth & Margins

HWCFNBSFBSCBUBKUFITBMedian
NameHancock .F N B Servisfi.Communit.BankUnit.Fifth Th. 
Rev Chg LTM-0.2%11.8%20.1%10.2%6.8%23.8%11.0%
Rev Chg 3Y Avg0.3%4.3%10.1%9.7%3.6%7.4%5.8%
Rev Chg Q6.8%5.5%27.6%12.2%3.9%45.3%9.5%
QoQ Delta Rev Chg LTM1.8%1.3%6.2%2.9%1.0%10.6%2.3%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM39.5%38.5%76.4%35.8%33.1%34.9%37.2%
CFO/Rev 3Y Avg40.0%35.9%58.7%32.9%37.6%43.8%38.8%
FCF/Rev LTM38.3%34.0%75.0%28.7%33.1%27.6%33.6%
FCF/Rev 3Y Avg39.0%29.8%57.5%27.8%37.6%37.6%37.6%

Valuation

HWCFNBSFBSCBUBKUFITBMedian
NameHancock .F N B Servisfi.Communit.BankUnit.Fifth Th. 
Mkt Cap6.06.34.63.23.148.15.3
P/S4.13.47.43.72.84.63.9
P/Op Inc-------
P/EBIT-------
P/E13.910.414.214.111.420.514.0
P/CFO10.38.99.710.48.413.110.0
Total Yield9.8%12.4%7.8%10.2%11.8%7.6%10.0%
Dividend Yield2.7%2.8%0.8%3.1%3.0%2.7%2.8%
FCF Yield 3Y Avg11.3%8.8%7.3%7.3%14.9%10.9%9.9%
D/E0.30.60.00.20.60.50.4
Net D/E0.1-0.2-0.4-0.7-2.5-0.9-0.6

Returns

HWCFNBSFBSCBUBKUFITBMedian
NameHancock .F N B Servisfi.Communit.BankUnit.Fifth Th. 
1M Rtn-1.8%-4.2%-3.7%-3.1%-5.5%-3.8%-3.7%
3M Rtn2.9%-5.4%0.7%-4.6%-10.3%-2.8%-3.7%
6M Rtn17.6%8.6%12.1%8.3%-0.6%16.6%10.3%
12M Rtn21.1%12.7%0.6%5.1%17.8%21.4%15.3%
3Y Rtn121.2%83.5%68.8%66.0%116.0%129.9%99.7%
1M Excs Rtn-2.9%-5.4%-4.8%-4.2%-6.7%-4.9%-4.9%
3M Excs Rtn-2.5%-10.8%-4.7%-10.0%-15.7%-8.2%-9.1%
6M Excs Rtn1.0%-8.3%-4.4%-9.6%-18.3%0.2%-6.4%
12M Excs Rtn2.4%-5.2%-17.4%-12.5%-1.0%1.9%-3.1%
3Y Excs Rtn35.6%-2.6%-11.9%-19.8%25.5%40.8%11.5%

Comparison Analyses

null

FDIC Bank Data

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Banking operations1,5091,4381,3671,3781,296
Total1,5091,4381,3671,3781,296


Operating Income by Segment
$ Mil20132012201120102009
Whitney1571,01844  
Hancock5357842  
Other7102-37768
Eliminations-0-11-0-1
Alabama   -1-5
Louisiana   4748
Mississippi   1052
Florida    -3
Total2161,697-2906298


Net Income by Segment
$ Mil20132012201120102009
Whitney1169737  
Hancock424936  
Other66447
Eliminations-0-01-0-1
Alabama   -0-3
Louisiana   3535
Mississippi   1538
Florida    -1
Total163152775275


Assets by Segment
$ Mil20132012201120102009
Whitney12,90913,12714,793  
Hancock6,5736,3094,934  
Other2,9332,8652,4621,0941,115
Eliminations-3,406-2,837-2,415-1,109-1,098
Alabama   196180
Louisiana   2,9062,890
Mississippi   5,0525,258
Florida    352
Total19,00919,46419,7748,1388,697


Price Behavior

Price Behavior
Market Price$73.57 
Market Cap ($ Bil)6.0 
First Trading Date06/04/1991 
Distance from 52W High-7.2% 
   50 Days200 Days
DMA Price$75.91$68.99
DMA Trendupup
Distance from DMA-3.1%6.6%
 3M1YR
Volatility17.4%24.6%
Downside Capture60.1466.34
Upside Capture58.4776.36
Correlation (SPY)18.9%34.5%
HWC Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta0.610.360.100.500.671.09
Up Beta0.840.19-0.220.410.621.12
Down Beta0.78-0.24-0.270.260.631.07
Up Capture12%45%56%63%66%130%
Bmk +ve Days10213268138427
Stock +ve Days9213670132384
Down Capture110%76%14%57%73%102%
Bmk -ve Days11213259113324
Stock -ve Days12212857117365

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HWC
HWC19.0%24.7%0.65-
Sector ETF (XLF)2.6%14.7%-0.0561.9%
Equity (SPY)17.6%13.0%0.9834.4%
Gold (GLD)18.0%29.3%0.562.4%
Commodities (DBC)46.6%20.7%1.75-18.4%
Real Estate (VNQ)5.2%13.6%0.1237.7%
Bitcoin (BTCUSD)-26.0%44.9%-0.5411.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HWC
HWC14.6%32.4%0.46-
Sector ETF (XLF)9.8%18.4%0.3971.7%
Equity (SPY)13.3%17.2%0.5956.2%
Gold (GLD)18.9%18.8%0.81-2.9%
Commodities (DBC)10.8%19.6%0.439.2%
Real Estate (VNQ)1.0%18.9%-0.0549.7%
Bitcoin (BTCUSD)12.7%52.6%0.4220.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HWC
HWC11.6%39.0%0.40-
Sector ETF (XLF)12.8%22.1%0.5378.9%
Equity (SPY)15.4%17.9%0.7359.7%
Gold (GLD)12.2%16.4%0.61-5.5%
Commodities (DBC)8.3%18.1%0.3723.5%
Real Estate (VNQ)4.7%20.7%0.1952.3%
Bitcoin (BTCUSD)64.0%66.2%1.0414.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity5.5 Mil
Short Interest: % Change Since 81520267.7%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest8.6 days
Basic Shares Quantity80.9 Mil
Short % of Basic Shares6.8%

Earnings Returns History

Updated 8/21/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/21/2026-0.3%0.4%-0.7%
4/21/2026-1.7%-1.6%-2.4%
1/20/20262.4%-0.2%3.9%
10/14/2025-6.0%-9.3%-5.1%
7/15/20252.1%4.5%5.2%
4/15/2025-0.3%4.4%17.1%
1/21/2025-1.7%-1.9%-4.3%
10/15/2024-0.8%-3.9%11.2%
...
SUMMARY STATS   
# Positive151214
# Negative91210
Median Positive2.4%4.5%9.8%
Median Negative-1.7%-3.2%-4.3%
Max Positive9.0%13.4%26.2%
Max Negative-6.0%-12.8%-10.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/21/2026-0.3%0.4%-0.7%
4/21/2026-1.7%-1.6%-2.4%
1/20/20262.4%-0.2%3.9%
10/14/2025-6.0%-9.3%-5.1%
7/15/20252.1%4.5%5.2%
4/15/2025-0.3%4.4%17.1%
1/21/2025-1.7%-1.9%-4.3%
10/15/2024-0.8%-3.9%11.2%
7/16/20241.6%4.6%-10.3%
4/16/20241.5%9.5%15.6%
1/16/20240.5%5.2%-3.6%
10/17/2023-4.2%-8.8%13.3%
7/18/20232.3%-1.1%-6.0%
4/18/20233.4%-3.9%-2.5%
1/17/2023-5.7%-2.6%3.2%
10/18/20224.7%7.6%5.7%
7/19/20223.5%3.5%12.5%
4/19/20220.0%-5.2%-7.4%
1/18/20221.3%-1.3%2.9%
10/19/20217.9%6.2%8.4%
7/20/20214.2%4.4%6.5%
4/20/20219.0%13.4%20.3%
1/20/2021-4.9%-12.8%-4.3%
10/20/20203.2%0.8%26.2%
SUMMARY STATS   
# Positive151214
# Negative91210
Median Positive2.4%4.5%9.8%
Median Negative-1.7%-3.2%-4.3%
Max Positive9.0%13.4%26.2%
Max Negative-6.0%-12.8%-10.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/07/202610-Q
03/31/202605/07/202610-Q
12/31/202502/27/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/09/202510-Q
12/31/202402/27/202510-K
09/30/202411/07/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/28/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202202/27/202310-K
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/07/202610-Q
03/31/202605/07/202610-Q
12/31/202502/27/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/09/202510-Q
12/31/202402/27/202510-K
09/30/202411/07/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202302/28/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/05/202310-Q
12/31/202202/27/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/04/202210-Q
12/31/202102/25/202210-K
09/30/202111/04/202110-Q
06/30/202108/05/202110-Q
03/31/202105/06/202110-Q
12/31/202003/01/202110-K
09/30/202011/05/202010-Q
06/30/202008/04/202010-Q
03/31/202005/07/202010-Q
12/31/201902/25/202010-K
09/30/201911/12/201910-Q

Recent Forward Guidance

Updated 7/27/2026

Latest: Q2 2026 Earnings Reported 7/21/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Acquisition Closing DateReported      


Prior: Q1 2026 Earnings Reported 4/21/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Loan GrowthReported4.0%5.0%  0.0%AffirmedGuidance: 5.0% for 2026
2026 Deposit GrowthReported1.0%2.0%  0.0%AffirmedGuidance: 2.0% for 2026

Q4 2025 Earnings Reported 1/20/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Loan GrowthReported 5.0%  2.0%Higher NewGuidance: 3.0% for 2025
2026 Deposit GrowthReported 2.0%  -1.0%Lower NewGuidance: 3.0% for 2025

Q3 2025 Earnings Reported 10/14/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Loan GrowthReported1.0%3.0%    
2025 Loan GrowthReported1.0%3.0%  0.5%RaisedGuidance: 2.5% for 2025
2025 Deposit GrowthReported1.0%3.0%  0.5%RaisedGuidance: 2.5% for 2025

Insider Activity

Updated 8/21/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Mayfield, Emory L JRChief Banking OfficerDirectSell821202676.404,990381,2361,189,166Form
2Achary, Michael MChief Financial OfficerDirectSell727202676.1822,6941,728,8293,364,081Form
3Pickering, Christine L DirectSell526202667.1641728,0061,683,414Form
4Hairston, John MPresident & CEODirectSell210202672.8126,4531,926,04316,491,899Form
5Pickering, Christine L DirectSell210202673.031,08279,0181,762,507Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Mayfield, Emory L JRChief Banking OfficerDirectSell821202676.404,990381,2361,189,166Form
2Achary, Michael MChief Financial OfficerDirectSell727202676.1822,6941,728,8293,364,081Form
3Pickering, Christine L DirectSell526202667.1641728,0061,683,414Form
4Hairston, John MPresident & CEODirectSell210202672.8126,4531,926,04316,491,899Form
5Pickering, Christine L DirectSell210202673.031,08279,0181,762,507Form
6Hairston, John MPresident & CEODirectSell210202674.3637,0002,751,32018,810,028Form
7Ziluca, Christopher SChief Credit OfficerDirectSell126202668.575,227358,4152,283,481Form
8Liollio, Dean DirectSell1117202558.485,328311,5881,736,507Form
9Achary, Michael MChief Financial OfficerDirectSell1020202554.869,894542,7853,057,532Form
10Hairston, John MPresident & CEODirectSell1020202554.6521,8831,195,90614,811,337Form

Investor Activity (13F)

Updated Sep 23, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Stieven Capital Advisors, L.P.$19.1 Mil4.1%35Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Stieven Capital Advisors, L.P.$19.1 Mil4.1%35Hold13F
Core Cache Last Updated: 9/22/2026