HANCOCK WHITNEY CORP

HWC 10-K · FY 2025

HWC FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Interest And Fee Income Loans And Leases Held In Portfolio 1,355,852 1,452,402 -6.6%
Interest And Fee Income Loans And Leases Held For Sale 1,652 1,640 +0.7%
Interest Income Securities Taxable 220,513 194,227 +13.5%
Interest Income Securities Tax Exempt 16,015 17,698 -9.5%
Interest Income Short Term Investments 20,588 27,024 -23.8%
Interest And Dividend Income Operating 1,614,620 1,692,991 -4.6%
Interest Expense Deposits 470,348 574,441 -18.1%
Interest Expense Short Term Borrowings 23,687 24,372 -2.8%
Interest Expense Long Term Debt 11,813 12,257 -3.6%
Interest Expense Operating 505,848 611,070 -17.2%
Interest Income Expense Net 1,108,772 1,081,921 +2.5%
Provision For Other Credit Losses 51,183 52,167 -1.9%
Show Credit Loss Status breakouts
Non-Purchased Credit Impaired Loans [Member] 41,308 57,008 -27.5%
Non-Purchased Credit Impaired Loans [Member] · Commercial And Industrial Sector 42,952 37,723 +13.9%
Non-Purchased Credit Impaired Loans [Member] · Commercial And Industrial Sector 34,581 42,549 -18.7%
Non-Purchased Credit Impaired Loans [Member] · Commercial And Industrial Sector -8,371 -4,826 -73.5%
Non-Purchased Credit Impaired Loans [Member] · Commercial Portfolio Segment -11,515 6,251 -284.2%
Non-Purchased Credit Impaired Loans [Member] · Commercial Portfolio Segment -2,517 -5,681 +55.7%
Non-Purchased Credit Impaired Loans [Member] · Consumer Portfolio Segment 11,918 15,468 -23.0%
Non-Purchased Credit Impaired Loans [Member] · Residential Portfolio Segment 470 3,247 -85.5%
Interest Income Expense After Provision For Loan Loss 1,057,589 1,029,754 +2.7%
Revenue From Contract With Customer Including Assessed Tax (FY)
Show Product Lines breakouts
Credit And Debit Card 86,135 85,491 +0.8%
Deposit Account 99,180 91,105 +8.9%
Fiduciary And Trust 89,630 71,734 +24.9%
Investment Advisory Management And Administrative Service 49,162 43,424 +13.2%
Mortgage Banking 14,769 12,374 +19.4%
Debt And Equity Securities Gain Loss -11
Noninterest Income Other 67,582 60,001 +12.6%
Noninterest Income 406,447 364,129 +11.6%
Salaries Wages Officers Compensation And Allocated Share Based Compensation 385,660 380,591 +1.3%
Payroll Taxes Healthcare Costs Pension And Other Postretirement Benefit Expense 89,731 88,786 +1.1%
Labor And Related Expense 475,391 469,377 +1.3%
Occupancy Net 55,871 53,650 +4.1%
Equipment Expense 17,020 17,432 -2.4%
Information Technology And Data Processing 127,227 121,880 +4.4%
Professional Fees 57,080 41,935 +36.1%
Amortization Of Intangible Assets 9,953 9,413 +5.7%
Show Finite Lived Intangible Assets By Major Class breakouts
Core Deposits 6,301 7,602 -17.1%
Customer Relationships 3,652 1,811 +101.7%
Deposit Insurance And Regulatory Fees 17,992 24,209 -25.7%
Other Real Estate And Foreclosed Real Estate Income Expense 3,091 -2,469 +225.2%
Other Noninterest Expense 88,016 84,483 +4.2%
Noninterest Expense 851,641 819,910 +3.9%
Income Before Taxes 612,395 573,973 +6.7%
Income Tax Expense (Benefit) 126,322 113,158 +11.6%
Show Consolidated Entities breakouts
Parent Company -4,905 -4,455 -10.1%
Net Income Loss Available To Common Stockholders Basic 486,073 460,815 +5.5%
Show Consolidated Entities breakouts
Parent Company 486,073 460,815 +5.5%
EPS (Basic) 5.7 5.3 +7.5%
EPS (Diluted) 5.67 5.28 +7.4%
Common Stock Dividends Per Share Cash Paid 1.8 1.5 +20.0%
Wtd Avg Shares (Basic) 84,905 86,346 -1.7%
Wtd Avg Shares (Diluted) 85,440 86,648 -1.4%
Operating Income (FY)
Show Consolidated Entities breakouts
Parent Company 501,053 476,188 +5.2%
Other Non-Operating Income (Expense) (FY)
Show Consolidated Entities breakouts
Parent Company 19,885 19,828 +0.3%
Net Income 486,073 460,815 +5.5%
Show Equity Components breakouts
Retained Earnings 486,073 460,815 +5.5%
Comprehensive Income 715,914 475,850 +50.4%
Show Consolidated Entities breakouts
Parent Company 715,914 475,850 +50.4%
Other Comprehensive Income 229,841 15,035 +1428.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 229,841 15,035 +1428.7%
Show Consolidated Entities breakouts
Parent Company 229,841 15,035 +1428.7%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Non-Current Assets
Property, Plant & Equipment 261,181 279,767 -6.6%
Operating Lease Right-of-Use Assets 102,056 98,822 +3.3%
Prepaid Expense Current And Noncurrent 58,847 45,763 +28.6%
Goodwill 925,404 855,453 +8.2%
Show Business Acquisition breakouts
Sabal Trust Company [Member] 69,951
Intangible Assets 67,071 35,224 +90.4%
Show Finite Lived Intangible Assets By Major Class breakouts
Core Deposits 12,284 18,585 -33.9%
Customer Relationships 54,787 16,639 +229.3%
Defined Benefit Plan Assets For Plan Benefits Noncurrent 292,437 260,003 +12.5%
Deferred Tax Assets 55,798 146,567 -61.9%
Total Assets 35,472,762 35,081,785 +1.1%
Show Consolidated Entities breakouts
Parent Company 4,634,978 4,298,381 +7.8%
Other Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 562,995 574,910 -2.1%
Show Consolidated Entities breakouts
Parent Company 264,514 272,693 -3.0%
Interest Bearing Deposits In Banks 132,037 939,306 -85.9%
Federal Funds Sold 229 409 -44.0%
Available For Sale Securities Debt Securities 5,961,917 5,161,491 +15.5%
Show Financial Instrument breakouts
Collateralized Debt Obligations 25,946 35,247 -26.4%
Commercial Mortgage Backed Securities 3,083,325 2,600,965 +18.5%
Corporate Debt Securities 16,357 17,616 -7.1%
Residential Mortgage Backed Securities 2,375,629 2,129,051 +11.6%
US States And Political Subdivisions 191,328 196,330 -2.5%
US Treasury And Government 269,332 182,282 +47.8%
Held To Maturity Securities 2,132,882 2,435,663 -12.4%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Estimate Of Fair Value Fair Value Disclosure 2,011,026 2,233,526 -10.0%
Show Financial Instrument breakouts
Collateralized Debt Obligations 19,094 25,406 -24.8%
Commercial Mortgage Backed Securities 731,329 818,604 -10.7%
Residential Mortgage Backed Securities 497,338 573,057 -13.2%
US States And Political Subdivisions 511,516 623,907 -18.0%
US Treasury And Government 373,605 394,689 -5.3%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 2,132,882 2,435,663 -12.4%
Estimate Of Fair Value Fair Value Disclosure 2,011,026 2,233,526 -10.0%
Loans Receivable Held For Sale Net Not Part Of Disposal Group 33,158 21,525 +54.0%
Loans And Leases Receivables Net Of Deferred Income 23,958,440 23,299,447 +2.8%
Show Equity Securities By Industry breakouts
Commercial And Industrial Sector · Commercial Portfolio Segment 13,079,091 12,888,547 +1.5%
Commercial And Industrial Sector · Commercial Portfolio Segment 9,809,011 9,876,592 -0.7%
Commercial And Industrial Sector · Commercial Portfolio Segment 9,706,733 9,824,246 -1.2%
Commercial And Industrial Sector · Commercial Portfolio Segment 102,278 52,346 +95.4%
Commercial And Industrial Sector · Commercial Portfolio Segment 19,008 19,326 -1.6%
Commercial And Industrial Sector · Commercial Portfolio Segment 43,316 5,264 +722.9%
Commercial And Industrial Sector · Commercial Portfolio Segment 39,954 27,756 +43.9%
Commercial And Industrial Sector · Commercial Portfolio Segment 3,270,080 3,011,955 +8.6%
Commercial And Industrial Sector · Commercial Portfolio Segment 3,247,150 3,007,057 +8.0%
Commercial And Industrial Sector · Commercial Portfolio Segment 22,930 4,898 +368.2%
Commercial And Industrial Sector · Commercial Portfolio Segment 15,013 1,113 +1248.9%
Commercial And Industrial Sector · Commercial Portfolio Segment 308 38 +710.5%
Commercial And Industrial Sector · Commercial Portfolio Segment 7,609 3,747 +103.1%
Commercial And Industrial Sector · Commercial Portfolio Segment 12,953,883 12,831,303 +1.0%
Commercial And Industrial Sector · Commercial Portfolio Segment 125,208 57,244 +118.7%
Commercial And Industrial Sector · Commercial Portfolio Segment 34,021 20,439 +66.5%
Commercial And Industrial Sector · Commercial Portfolio Segment 43,624 5,302 +722.8%
Commercial And Industrial Sector · Commercial Portfolio Segment 47,563 31,503 +51.0%
Show Financing Receivable Portfolio breakouts
Commercial Portfolio Segment · Commercial Real Estate - Income Producing [Member] 4,283,168 3,798,612 +12.8%
Commercial Portfolio Segment · Commercial Real Estate - Income Producing [Member] 4,272,195 3,792,511 +12.6%
Commercial Portfolio Segment · Commercial Real Estate - Income Producing [Member] 10,973 6,101 +79.9%
Commercial Portfolio Segment · Commercial Real Estate - Income Producing [Member] 990 220 +350.0%
Commercial Portfolio Segment · Commercial Real Estate - Income Producing [Member] 2,806 5,417 -48.2%
Commercial Portfolio Segment · Commercial Real Estate - Income Producing [Member] 7,177 464 +1446.8%
Commercial Portfolio Segment · Construction Loans 1,239,086 1,281,115 -3.3%
Commercial Portfolio Segment · Construction Loans 1,233,280 1,270,962 -3.0%
Commercial Portfolio Segment · Construction Loans 5,806 10,153 -42.8%
Commercial Portfolio Segment · Construction Loans 1,754 1,066 +64.5%
Commercial Portfolio Segment · Construction Loans 564 3,773 -85.1%
Commercial Portfolio Segment · Construction Loans 3,488 5,314 -34.4%
Consumer Portfolio Segment 1,340,178 1,369,845 -2.2%
Consumer Portfolio Segment · Financial Asset Not Past Due 1,316,380 1,345,190 -2.1%
Consumer Portfolio Segment · Financial Asset Past Due 23,798 24,655 -3.5%
Consumer Portfolio Segment · Financing Receivables Equal To Greater Than90 Days Past Due 9,839 8,504 +15.7%
Consumer Portfolio Segment · Financing Receivables30 To59 Days Past Due 9,284 10,770 -13.8%
Consumer Portfolio Segment · Financing Receivables60 To89 Days Past Due 4,675 5,381 -13.1%
Residential Portfolio Segment 4,016,917 3,961,328 +1.4%
Residential Portfolio Segment · Financial Asset Not Past Due 3,921,975 3,859,954 +1.6%
Residential Portfolio Segment · Financial Asset Past Due 94,942 101,374 -6.3%
Residential Portfolio Segment · Financing Receivables Equal To Greater Than90 Days Past Due 34,656 34,113 +1.6%
Residential Portfolio Segment · Financing Receivables30 To59 Days Past Due 42,302 42,211 +0.2%
Residential Portfolio Segment · Financing Receivables60 To89 Days Past Due 17,984 25,050 -28.2%
Show Financing Receivables Period Past Due breakouts
Financial Asset Not Past Due 23,697,713 23,099,920 +2.6%
Financial Asset Past Due 260,727 199,527 +30.7%
Financing Receivables Equal To Greater Than90 Days Past Due 102,723 79,898 +28.6%
Financing Receivables30 To59 Days Past Due 88,351 74,706 +18.3%
Financing Receivables60 To89 Days Past Due 69,653 44,923 +55.0%
Loans And Leases Receivable Allowance Covered And Not Covered -307,731 -318,882 +3.5%
Loans And Leases Receivable Net Reported Amount Covered And Not Covered 23,650,709 22,980,565 +2.9%
Other Real Estate And Foreclosed Assets 14,788 27,797 -46.8%
Interest Receivable 138,509 143,237 -3.3%
Bank Owned Life Insurance 798,509 774,542 +3.1%
Other Assets 284,235 300,741 -5.5%
Show Balance Sheet Location breakouts
Other Assets 284,235 300,741 -5.5%
Non-Current Liabilities
Long-Term Debt 199,407 210,544 -5.3%
Show Consolidated Entities breakouts
Parent Company 167,272 167,120 +0.1%
Total Liabilities 31,012,645 30,954,149 +0.2%
Other Liabilities
Noninterest Bearing Deposit Liabilities 10,374,991 10,597,461 -2.1%
Interest Bearing Deposit Liabilities 18,904,783 18,895,390 0.0%
Deposits 29,279,774 29,492,851 -0.7%
Short Term Borrowings 1,017,292 639,015 +59.2%
Show Short Term Debt Type breakouts
Federal Funds Purchased 70,400 300 +23366.7%
Federal Home Loan Bank Advances 400
Securities Sold Under Agreements To Repurchase 546,892 638,715 -14.4%
Deposit Liabilities Accrued Interest 14,485 20,148 -28.1%
Operating Lease Liability 121,505 117,817 +3.1%
Other Liabilities 380,182 473,774 -19.8%
Show Consolidated Entities breakouts
Parent Company 7,589 3,625 +109.4%
Stockholders' Equity
Common Stock Value Outstanding 309,513 309,513 0.0%
Additional Paid In Capital Common Stock 1,491,219 1,719,609 -13.3%
Retained Earnings 3,035,636 2,704,606 +12.2%
Accumulated Other Comprehensive Income -376,251 -606,092 +37.9%
Total Stockholders' Equity 4,460,117 4,127,636 +8.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -61,448 -77,235 +20.4%
Accumulated Net Gain Loss From Designated Or Qualifying Cash Flow Hedge [Member] -14,795 -47,136 +68.6%
Accumulated Net Unrealized Investment Gain Loss -293,835 -473,679 +38.0%
Accumulated Other Comprehensive Income -376,251 -606,092 +37.9%
Additional Paid In Capital 1,491,219 1,719,609 -13.3%
Common Stock 309,513 309,513 0.0%
Held to Maturity Securities Transferred from AFS [Member] -6,858 -8,071 +15.0%
Retained Earnings 3,035,636 2,704,606 +12.2%
Show Consolidated Entities breakouts
Parent Company 4,460,117 4,127,636 +8.1%
Show Fair Value By Asset Class breakouts
Equity Method Investments 685 29 +2262.1%
Total Liabilities & Equity 35,472,762 35,081,785 +1.1%
Show Consolidated Entities breakouts
Parent Company 4,634,978 4,298,381 +7.8%
Common Stock Shares Authorized 350,000 350,000 0.0%
Common Stock Shares Issued 92,947 92,947 0.0%
Show Equity Components breakouts
Common Stock 92,947 92,947 0.0%
Common Stock Shares Outstanding 82,259 86,124 -4.5%
Preferred Stock Shares Authorized 50,000 50,000 0.0%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 27,314 32,301 -15.4%
Gain Loss On Other Real Estate And Foreclosed Assets -761 -2,022 +62.4%
Deferred Income Taxes 23,222 4,299 +440.2%
Life Insurance Corporate Or Bank Owned Change In Value -25,005 -27,315 +8.5%
Gain Loss On Sales Of Assets And Asset Impairment Charges 294 -1,242 +123.7%
Gain Loss On Sale Of Available For Sale Securities 11
Increase Decrease In Loans Held For Sale -11,108 4,504 -346.6%
Accretion Amortization Of Discounts And Premiums Investments 13,084 13,704 -4.5%
Stock-Based Compensation 24,444 22,703 +7.7%
Increase Decrease In Derivative Liabilities -35,791 -5,288 -576.8%
Increase Decrease In Accounts Payable And Other Operating Liabilities -15,910 -16,833 +5.5%
Increase Decrease In Other Operating Assets -5,845 84,981 -106.9%
Other Non-Cash Items 620 -6,445 +109.6%
Net Cash from Operations 541,778 625,742 -13.4%
Show Consolidated Entities breakouts
Parent Company 396,358 227,125 +74.5%
Investing Activities
Proceeds From Sale Of Available For Sale Securities Debt 229,200
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 452,772 454,188 -0.3%
Purchases of Investments -1,237,741 -750,265 -65.0%
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities 293,656 238,899 +22.9%
Payments For Proceeds From Hedge Investing Activities 2,270 -13,730 +116.5%
Show Derivative Risk breakouts
Interest Rate Swap · Designated As Hedging Instrument -2.3
Payments For Proceeds From Federal Home Loan Bank Stock -16,756 134,667 -112.4%
Payments For Proceeds From Short Term Investments 807,449 -312,633 +358.3%
Proceeds From Sale Of Loans Receivable 110,877 119,166 -7.0%
Payments For Proceeds From Loans And Leases -847,676 407,460 -308.0%
Payments To Acquire Businesses Net Of Cash Acquired -112,071
Capital Expenditures -18,720 -10,237 -82.9%
Proceeds From Sale Of Other Real Estate 27,647 1,795 +1440.2%
Other Investing Activities -5,263 -698 -654.0%
Net Cash from Investing -314,356 274,756 -214.4%
Fair Value Of Assets Acquired 17,634 28,491 -38.1%
Financing Activities
Increase Decrease In Deposits -213,077 -197,208 -8.0%
Proceeds From Repayments Of Short Term Debt 378,277 -515,814 +173.3%
Payments Of Dividends Common Stock -153,803 -130,840 -17.6%
Show Consolidated Entities breakouts
Parent Company -153,803 -130,840 -17.6%
Tax Withholding for Share Compensation -8,301 -9,358 +11.3%
Show Consolidated Entities breakouts
Parent Company -8,301 -9,358 +11.3%
Share Repurchases -246,874 -37,690 -555.0%
Show Consolidated Entities breakouts
Parent Company -246,874 -37,690 -555.0%
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan 4,441 4,120 +7.8%
Show Consolidated Entities breakouts
Parent Company 4,441 4,422 +0.4%
Net Cash from Financing -239,337 -886,790 +73.0%
Show Consolidated Entities breakouts
Parent Company -404,537 -173,466 -133.2%
Supplemental
Income Taxes Paid 103,142 66,111 +56.0%
Interest Paid 511,358 635,770 -19.6%
Income Taxes Paid 103,142 66,111 +56.0%
Other Cash Flow
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect -11,915 13,708 -186.9%
Show Consolidated Entities breakouts
Parent Company -8,179 53,979 -115.2%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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