Hancock Whitney (HWC)
Market Price (4/25/2026): $66.87 | Market Cap: $5.6 BilSector: Financials | Industry: Regional Banks
Hancock Whitney (HWC)
Market Price (4/25/2026): $66.87Market Cap: $5.6 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.2%, FCF Yield is 9.4% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 35% Low stock price volatilityVol 12M is 27% 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 driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. | Key risksHWC 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. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.2%, FCF Yield is 9.4% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 35% |
| Low stock price volatilityVol 12M is 27% |
| 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 driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. |
| Key risksHWC 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. |
Qualitative Assessment
AI Analysis | Feedback
1. Strategic Bond Portfolio Restructuring. Hancock Whitney completed a significant bond portfolio restructuring on January 14, 2026, involving the sale of $1.5 billion in lower-yielding bonds (2.49%) and reinvestment of $1.4 billion into higher-yielding securities (4.35%). This strategic move, designed to enhance future earnings power, is projected to add $24 million to net interest income and $0.23 to earnings per share annually, and expand the net interest margin by 7 basis points.
2. Strong Adjusted Q1 2026 Earnings Beat and Improved Profitability. The company reported adjusted earnings per share of $1.52 for the first quarter of 2026, exceeding analyst forecasts by $0.01 to $0.04, representing a positive surprise of 1.33% to 2.70%. This was accompanied by improved adjusted return on assets of 1.43% and return on tangible common equity of 14.64%. The net interest margin also expanded to 3.55%, a 7 basis point increase linked-quarter, driven by higher securities yields and lower funding costs.
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Stock Movement Drivers
Fundamental Drivers
The 5.7% change in HWC stock from 12/31/2025 to 4/24/2026 was primarily driven by a 2.8% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4242026 | Change |
|---|---|---|---|
| Stock Price ($) | 63.20 | 66.83 | 5.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,485 | 1,509 | 1.6% |
| Net Income Margin (%) | 32.5% | 32.2% | -0.9% |
| P/E Multiple | 11.1 | 11.4 | 2.8% |
| Shares Outstanding (Mil) | 85 | 83 | 2.1% |
| Cumulative Contribution | 5.7% |
Market Drivers
12/31/2025 to 4/24/2026| Return | Correlation | |
|---|---|---|
| HWC | 5.7% | |
| Market (SPY) | 4.2% | 44.2% |
| Sector (XLF) | -6.1% | 69.3% |
Fundamental Drivers
The 8.3% change in HWC stock from 9/30/2025 to 4/24/2026 was primarily driven by a 3.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302025 | 4242026 | Change |
|---|---|---|---|
| Stock Price ($) | 61.70 | 66.83 | 8.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,466 | 1,509 | 3.0% |
| Net Income Margin (%) | 32.1% | 32.2% | 0.3% |
| P/E Multiple | 11.2 | 11.4 | 1.8% |
| Shares Outstanding (Mil) | 86 | 83 | 3.0% |
| Cumulative Contribution | 8.3% |
Market Drivers
9/30/2025 to 4/24/2026| Return | Correlation | |
|---|---|---|
| HWC | 8.3% | |
| Market (SPY) | 7.0% | 42.7% |
| Sector (XLF) | -4.2% | 66.9% |
Fundamental Drivers
The 31.3% change in HWC stock from 3/31/2025 to 4/24/2026 was primarily driven by a 20.1% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4242026 | Change |
|---|---|---|---|
| Stock Price ($) | 50.89 | 66.83 | 31.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,438 | 1,509 | 4.9% |
| Net Income Margin (%) | 32.0% | 32.2% | 0.5% |
| P/E Multiple | 9.5 | 11.4 | 20.1% |
| Shares Outstanding (Mil) | 86 | 83 | 3.6% |
| Cumulative Contribution | 31.3% |
Market Drivers
3/31/2025 to 4/24/2026| Return | Correlation | |
|---|---|---|
| HWC | 31.3% | |
| Market (SPY) | 28.1% | 64.0% |
| Sector (XLF) | 4.3% | 73.9% |
Fundamental Drivers
The 101.0% change in HWC stock from 3/31/2023 to 4/24/2026 was primarily driven by a 109.8% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4242026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.24 | 66.83 | 101.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,378 | 1,509 | 9.5% |
| Net Income Margin (%) | 38.0% | 32.2% | -15.3% |
| P/E Multiple | 5.4 | 11.4 | 109.8% |
| Shares Outstanding (Mil) | 86 | 83 | 3.3% |
| Cumulative Contribution | 101.0% |
Market Drivers
3/31/2023 to 4/24/2026| Return | Correlation | |
|---|---|---|
| HWC | 101.0% | |
| Market (SPY) | 79.8% | 55.0% |
| Sector (XLF) | 67.0% | 70.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HWC Return | 51% | -1% | 3% | 16% | 20% | 9% | 132% |
| Peers Return | 48% | -9% | -1% | 21% | 6% | 1% | 71% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 4% | 89% |
Monthly Win Rates [3] | |||||||
| HWC Win Rate | 75% | 42% | 58% | 50% | 67% | 50% | |
| Peers Win Rate | 75% | 42% | 42% | 54% | 60% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| HWC Max Drawdown | -2% | -15% | -33% | -13% | -15% | -4% | |
| Peers Max Drawdown | -1% | -19% | -38% | -15% | -20% | -10% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FNB, SFBS, BKU, CBU, AGBK. 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 4/24/2026 (YTD)
How Low Can It Go
| Event | HWC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -42.5% | -25.4% |
| % Gain to Breakeven | 74.1% | 34.1% |
| Time to Breakeven | 441 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -65.1% | -33.9% |
| % Gain to Breakeven | 186.4% | 51.3% |
| Time to Breakeven | 353 days | 148 days |
| 2018 Correction | ||
| % Loss | -41.1% | -19.8% |
| % Gain to Breakeven | 69.7% | 24.7% |
| Time to Breakeven | 1,142 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -60.4% | -56.8% |
| % Gain to Breakeven | 152.7% | 131.3% |
| Time to Breakeven | 5,721 days | 1,480 days |
Compare to FNB, SFBS, BKU, CBU, AGBK
In The Past
Hancock Whitney's stock fell -42.5% during the 2022 Inflation Shock from a high on 11/10/2022. A -42.5% loss requires a 74.1% gain to breakeven.
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About Hancock Whitney (HWC)
AI Analysis | Feedback
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) 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
AI Analysis | Feedback
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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.
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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.
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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.
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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.
AI Analysis | Feedback
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.
AI Analysis | Feedback
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:
- 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).
- 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.
- 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.
- 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.
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 54.00 |
| Mkt Cap | 4.3 |
| Rev LTM | 1,093 |
| Op Inc LTM | - |
| FCF LTM | 359 |
| FCF 3Y Avg | 405 |
| CFO LTM | 359 |
| CFO 3Y Avg | 483 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.6% |
| Rev Chg 3Y Avg | 5.0% |
| Rev Chg Q | 9.9% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 35.9% |
| CFO/Rev 3Y Avg | 38.5% |
| FCF/Rev LTM | 32.8% |
| FCF/Rev 3Y Avg | 37.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.3 |
| P/S | 3.7 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 12.5 |
| P/CFO | 10.9 |
| Total Yield | 10.0% |
| Dividend Yield | 2.0% |
| FCF Yield 3Y Avg | 7.4% |
| D/E | 0.2 |
| Net D/E | -0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.5% |
| 3M Rtn | -1.3% |
| 6M Rtn | 13.5% |
| 12M Rtn | 23.6% |
| 3Y Rtn | 72.4% |
| 1M Excs Rtn | -3.2% |
| 3M Excs Rtn | -4.9% |
| 6M Excs Rtn | 7.6% |
| 12M Excs Rtn | -7.3% |
| 3Y Excs Rtn | -7.5% |
Price Behavior
| Market Price | $66.83 | |
| Market Cap ($ Bil) | 5.6 | |
| First Trading Date | 06/04/1991 | |
| Distance from 52W High | -9.5% | |
| 50 Days | 200 Days | |
| DMA Price | $65.69 | $62.66 |
| DMA Trend | up | down |
| Distance from DMA | 1.7% | 6.7% |
| 3M | 1YR | |
| Volatility | 26.5% | 26.7% |
| Downside Capture | 0.58 | 0.62 |
| Upside Capture | 78.41 | 109.77 |
| Correlation (SPY) | 42.7% | 54.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.77 | 0.74 | 0.82 | 0.91 | 1.05 | 1.22 |
| Up Beta | 0.28 | 0.53 | 1.09 | 0.99 | 0.95 | 1.26 |
| Down Beta | 0.75 | 0.45 | 0.68 | 0.98 | 1.15 | 1.12 |
| Up Capture | 100% | 85% | 96% | 93% | 120% | 206% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 11 | 21 | 32 | 63 | 128 | 374 |
| Down Capture | 71% | 92% | 76% | 83% | 103% | 105% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 11 | 21 | 30 | 61 | 122 | 375 |
[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 | |
|---|---|---|---|---|
| HWC | 35.7% | 26.8% | 1.11 | - |
| Sector ETF (XLF) | 8.9% | 14.7% | 0.36 | 70.3% |
| Equity (SPY) | 34.0% | 12.6% | 2.05 | 54.6% |
| Gold (GLD) | 42.9% | 27.2% | 1.29 | -5.5% |
| Commodities (DBC) | 46.4% | 18.0% | 1.97 | -10.0% |
| Real Estate (VNQ) | 14.2% | 13.3% | 0.74 | 37.5% |
| Bitcoin (BTCUSD) | -16.6% | 42.1% | -0.32 | 23.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HWC | |
|---|---|---|---|---|
| HWC | 12.1% | 33.8% | 0.40 | - |
| Sector ETF (XLF) | 9.6% | 18.7% | 0.40 | 73.3% |
| Equity (SPY) | 12.7% | 17.1% | 0.58 | 57.1% |
| Gold (GLD) | 21.2% | 17.8% | 0.97 | -1.7% |
| Commodities (DBC) | 14.5% | 19.1% | 0.62 | 14.0% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 48.3% |
| Bitcoin (BTCUSD) | 7.0% | 56.3% | 0.34 | 18.6% |
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 | |
|---|---|---|---|---|
| HWC | 13.6% | 39.3% | 0.45 | - |
| Sector ETF (XLF) | 12.7% | 22.2% | 0.53 | 79.3% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 60.4% |
| Gold (GLD) | 13.9% | 15.9% | 0.73 | -6.9% |
| Commodities (DBC) | 10.1% | 17.8% | 0.47 | 25.8% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 51.5% |
| Bitcoin (BTCUSD) | 68.3% | 66.9% | 1.07 | 14.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/21/2026 | -1.7% | ||
| 1/20/2026 | 2.4% | -0.2% | 3.9% |
| 10/14/2025 | -6.0% | -9.3% | -5.1% |
| 7/15/2025 | 2.1% | 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% |
| 7/16/2024 | 1.6% | 4.6% | -10.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 11 | 16 |
| # Negative | 9 | 13 | 8 |
| Median Positive | 2.7% | 4.6% | 8.0% |
| Median Negative | -1.7% | -3.9% | -4.7% |
| Max Positive | 9.0% | 13.4% | 26.2% |
| Max Negative | -6.0% | -12.8% | -10.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/21/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Loan Growth | 4.0% | 5.0% | 0.0% | 0.0% | Affirmed | Guidance: 5.0% for 2026 | |
| 2026 Deposit Growth | 1.0% | 2.0% | 0.0% | 0.0% | Affirmed | Guidance: 2.0% for 2026 | |
Prior: Q4 2025 Earnings Reported 1/20/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Loan Growth | 5.0% | 66.7% | 2.0% | Raised | Guidance: 3.0% for 2025 | ||
| 2026 Deposit Growth | 2.0% | -33.3% | -1.0% | Lowered | Guidance: 3.0% for 2025 | ||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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