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Hancock Whitney

HWC on Nasdaq. Hancock Whitney sells loans, deposit accounts, and banking services to businesses and people. Market value $5.9bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Worth a closer look

Why it could be worth it

What to watch out for

Nothing stood out in the numbers we check.

Read what could go wrong

This is not advice. Check the numbers below.

Compare with another stock

Return on equity
five annual reports to December 2025
11.6%five-year median

Yearly profit per dollar of owners' money: 12 cents. Above 10 is good.

Price to book
quarterly report to June 2026
1.3×

What you pay for each dollar of net assets: $1.31.

Earnings yield
past 12 months to June 2026
7.3%

Profit per $100 you pay: $7.33.

Quality score: 84 of 100. Price score: 87 of 100. Our list needs 70 on quality and 60 on price.

$72.72 a share, 35% above its 1-year low

Over the past year the price has ranged from $54.05 to $80.13.

Dividend: 2.6% a year

Paid every year for at least 5 years

Payouts have jumped around in recent years, so this may not repeat.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20212022202320242025
Revenue
n/an/an/an/an/a
Operating margin
n/an/an/an/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.09bn0.09bn0.09bn0.08bn0.08bn

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesYes, 6% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Profit: $127 million, up 12% on a year ago.
  • Spare cash over the past 12 months: $560 million, down from $570 million.
  • 5% fewer shares than a year ago. Each share owns a bit more of the company.
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$116m
December 2024$122m
March 2025$120m
June 2025$114m
September 2025$127m
December 2025$126m
March 2026$47m
June 2026$127m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
27 February 2026
Next quarterly (estimated, 10-Q)
6 November 2026

Who owns it

3 long-term investors we follow own it, unchanged from 3 last quarter. 396 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 6 sold $9m.

  • Mayfield Emory L Jr
    Chief Banking Officer
    Sold
    Date
    20 August 2026
    Shares
    4,990
    Price
    $76.40
    Value
    $381,236
  • Achary Michael M
    Chief Financial Officer
    Sold
    Date
    24 July 2026
    Shares
    22,694
    Price
    $76.18
    Value
    $2m
  • PICKERING CHRISTINE L
    Director
    Sold
    Date
    22 May 2026
    Shares
    417
    Price
    $67.16
    Value
    $28,006
  • HAIRSTON JOHN M
    President & CEO, Director
    Sold
    Date
    10 February 2026
    Shares
    26,453
    Price
    $72.81
    Value
    $2m
  • PICKERING CHRISTINE L
    Director
    Sold
    Date
    10 February 2026
    Shares
    1,082
    Price
    $73.03
    Value
    $79,018
  • HAIRSTON JOHN M
    President & CEO, Director
    Sold
    Date
    9 February 2026
    Shares
    37,000
    Price
    $74.36
    Value
    $3m
  • Ziluca Christopher S
    Chief Credit Officer
    Sold
    Date
    23 January 2026
    Shares
    5,227
    Price
    $68.57
    Value
    $358,415
  • Liollio Dean
    Director
    Sold
    Date
    14 November 2025
    Shares
    5,328
    Price
    $58.48
    Value
    $311,588
  • Achary Michael M
    Chief Financial Officer
    Sold
    Date
    17 October 2025
    Shares
    9,894
    Price
    $54.86
    Value
    $542,785
  • HAIRSTON JOHN M
    President & CEO, Director
    Sold
    Date
    17 October 2025
    Shares
    21,883
    Price
    $54.65
    Value
    $1m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 27 Feb 2026, plus the 10-Q filed 7 Aug 2026 and 7 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.