HWC
Hancock Whitney Corporation65.76
-0.46-0.7%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.57BP/E (TTM)
11.81Basic EPS (TTM)
5.57Dividend Yield
0.03%Recent Filings
8-K
8-K
Strong Q3 earnings growth
Hancock Whitney posted Q3 net income of $127.5 million, or $1.49 per share, up from $113.5 million last quarter, fueled by $7.5 million higher noninterest income and controlled expenses that trimmed the efficiency ratio to 54.10%. Loans grew $135 million to $23.6 billion amid CRE and equipment finance gains, yet deposits dipped $387 million to $28.7 billion on seasonal outflows. NIM held steady at 3.49%, while CET1 rose to 14.08% after repurchasing 662,500 shares. Nonaccruals ticked up to 0.48% of loans, but ACL coverage stayed firm at 1.45%. Solid quarter.
10-Q
Q2 FY2025 results
Hancock Whitney's Q2 FY2025 results showed steady net income of $113.5 million, or $1.32 per diluted share, edging down from $119.5 million in Q1 but matching last year's $114.6 million; net interest income rose 2% quarter-over-quarter to $277 million (derived), with margin expanding 6 basis points to 3.49% on lower deposit costs and higher loan yields, while year-to-date net interest income climbed 2% to $547 million. Loans grew 2% sequentially to $23.5 billion, fueled by stronger demand and line utilization, yet deposits dipped 1% to $29.0 billion amid seasonal public fund outflows; noninterest income jumped 4% to $98.5 million, boosted by the May Sabal Trust acquisition adding trust fees. The $114.5 million deal, closed May 2 for cash, recognized $70.0 million goodwill and $41.8 million intangibles amortized over 24 years, enhancing Florida market share. Liquidity stays robust with $19.4 billion available against $11.2 billion uninsured deposits, though prolonged high rates pose funding risks.
8-K
Q2 earnings dip on acquisition costs
Hancock Whitney reported Q2 2025 net income of $113.5 million, or $1.32 per diluted share, down from $1.38 in Q1 amid $5.9 million in Sabal Trust acquisition costs that trimmed adjusted EPS to $1.37. Loans surged $364 million to $23.5 billion, fueling 6% annualized growth, while deposits dipped $148 million to $29.0 billion; NIM expanded to 3.49%, up 6 bps, and efficiency improved to 54.91%. Yet charge-offs rose to 0.31% of loans. Growth kicked in.
10-Q
Q1 FY2025 results
Hancock Whitney kicked off 2025 with net income of $119.5 million, or $1.38 per diluted share, up 10% year-over-year yet down slightly from Q4 2024's $122.1 million. Net interest income rose 1% y/y to $269.9 million on a 11 bps margin expansion to 3.43%, driven by lower deposit costs outpacing yield compression, while q/q it dipped 1% amid fewer accrual days. Noninterest income climbed 8% y/y to $94.8 million, fueled by service charges and secondary mortgage gains, but expenses edged down just 1% y/y to $205.1 million after stripping a prior FDIC assessment. Loans shrank 1% q/q to $23.1 billion, with deposits off 1% to $29.2 billion; free cash flow hit $100.2 million from $104.2 million operating cash minus $4.0 million capex. Allowance for credit losses held at 1.49% of loans, with net charge-offs ticking up to 0.18% annualized. Cash swelled to $510.3 million, total debt steady at $753.4 million including $542.8 million short-term borrowings, and revolver fully available. The Sabal Trust acquisition closed May 2, 2025, for undisclosed terms, expected immaterial to results. Yet regulatory scrutiny on deposit insurance costs lingers as a balanced risk.
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