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Hancock Whitney (HWC) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Hancock Whitney (HWC) Q3 2026 earnings results →

Q3 2026 Revenue up 9% year over year to $420M · 26¢ of every $1 of revenue kept as net profit · operating margin 33.8%

Hancock Whitney made $420M in Q3 2026 (+9% Y/Y): Net interest income $313M, Noninterest income $107M. Operating margin 33.8%, net earnings $110M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$420M
Year over year+9%
Operating margin33.8%
Net earnings$110M
Operating cash flow$260M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $420.1M in Q3 2026, up 9% year over year and up 5% from the previous quarter. Net interest income was the largest line at 75% of revenue. Net interest income added $33.4M year over year (up 12%), 97% of the total change.

Operating profit was $142.0M, a 33.8% margin (down 7.8 points year over year). Operating profit fell $18.3M even though revenue rose $34.4M versus a year earlier, so costs grew faster than sales. Total costs grew 23% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $110.1M, down 14% year over year. The effective tax rate was 22.5%.

Operating cash flow was $260.1M (up 64% year over year), 236% of net earnings. Non-cash charges added back $6.6M of depreciation and amortization and $7.1M of share-based compensation. Working capital and other items added $136.4M. Capital expenditures of $5.1M left free cash flow of $255.0M.

Quarterly history

QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$420M+9%33.8%$110M$260M

Charts

Hancock Whitney: where the cash came from (+) and went (−), TTM to Q3 2026Hancock Whitney: where the cash came from (+) and went (−), TTM to Q3 2026Other financing$1.6BOther investing−$731MOperating cash flow$679MNet borrowing (+) / repaid (−)−$587MBuybacks−$370MAcquisitions−$340MDividends−$160MCash drawn (+) / kept (−)−$59.7MCapital spending−$19.0MTaxes on employees’ shares−$10.8M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Hancock Whitney: profit against cash, quarter by quarterHancock Whitney: profit against cash, quarter by quarterNet incomeOperating cash flow$122M$192MQ4 2024$120M$104MQ1 2025$114M$126MQ2 2025$127M$159MQ3 2025$126M$153MQ4 2025$47.4M$114MQ1 2026$127M$151MQ2 2026$110M$260MQ3 2026
Latest (Q3 2026): Net income $110M, Operating cash flow $260M.
Hancock Whitney: diluted shares by fiscal yearHancock Whitney: diluted shares by fiscal year87MFY202087MFY202186MFY202286MFY202387MFY202485MFY2025
-1.3% since FY2020: buybacks shrank the count.
Hancock Whitney in its industry: growth against margin (133 companies, SIC 6022)Hancock Whitney in its industry: growth against margin (133 companies, SIC 6022)revenue growth, year over year →↑ operating marginmedian +9%median 40%BNYSTTFITBMTBFCNCAALLYCFGNTRSWALBPOPEWBCWTFCCOLBSSBCBSHASBAUBGBCIUBSIABCBHTHHOMBUCBRNSTFBPCATYFIBKCUBIFHBIBOCMBINSBCFBOHCVBFBUSEEFSCOFGLOBFBKFFINSFBSMCHBCCBFBNCGABCBYSYBTPEBOTCBKOBKSTBAFMBHRBCAACNOBAMALMCBQCRHOSBCFMNBBFSTUVSPTMPCCNEMSBIHBTEQBKCTBICPFTHFFMPBSBSIMBWMLKFNIBCPEGBNSPFIWASHCCBGCOFSCWBCHBIAACNBGSBCFSBCTRSTCIVBFCBCMCBSFBIZINBKBWBCBANMVBFBSRRCZNCCFFIRBBISTRUNTYBWFGBMRCRRBIPCBFCBMCHMGCZFSNWFLWTBAMYFWAVBHOPBKUSCBFCCOEBMTCOSOFXNCPKBKISBAPEBKBPRNBRBSHNVRMNSBFVCBCCFNSBFGJMSBBOTJNWPPFUSBAUBNJUVFHWC (+9%, 34%)
State Commercial Banks; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Hancock Whitney

Hancock Whitney Corporation (the “Company”) is registered with the Federal Reserve as a bank holding company and has elected to be treated as a financial holding company under the Bank Holding Company Act of 1956, as amended. The Company provides comprehensive financial services through its bank subsidiary, Hancock Whitney Bank (the “Bank”), a Mississippi state bank, and other nonbank affiliates. Our principal executive offices are located at 2510 14 th Street, Gulfport, Mississippi, 39501, and our telephone number is (800) 522-6542. Our common stock trades on the Nasdaq Global Select Market under the ticker symbol “HWC.”

In its own words, from its 10-K, filed Feb 27, 2026.

Hancock Whitney against its State Commercial Banks peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +10%. Operating margin: 33.8% against the peers' median 34.6%.

CompanyQuarterRevenueY/YOp. margin
HWC Hancock WhitneyQ3 2026$420M+9%33.8%
BNY Bank of New York MellonQ3 2026$5.7B+12%38.5%
STT State StreetQ3 2026$4.0B+13%34.7%
FITB Fifth Third BancorpQ3 2026$3.3B+42%33.8%
MTB M&T BankQ3 2026$2.5B+0.9%39.7%
FCNCA First Citizens BancsharesQ3 2026$2.4B0%33.1%
ALLY Ally FinancialQ3 2026$2.3B+8%24.3%
CFG Citizens Financial GroupQ3 2026$2.3B+10%34.6%
NTRS Northern TrustQ3 2026$2.3B+13%34.7%

Source: Hancock Whitney 10-Q on SEC EDGAR · CIK 750577 · State Commercial Banks

Guidance and outlook

Hancock Whitney: what its forward-looking statements are about (10-Q filed 2026-11-06)Hancock Whitney: what its forward-looking statements are about (10-Q filed 2026-11-06)Other15The economy3Deals1People1Margins1Costs1
22 statements; tone +0.04 (−1 all cautious, +1 all confident); 2 hedged.
Hancock Whitney: outlook statements against the filing beforeHancock Whitney: outlook statements against the filing beforeConfident6Cautious5

13F: who owns HWC and who is buying

Largest holders of HWC (13F)Largest holders of HWC (13F)BlackRock$815MVanguard Group$618MFMR LLC$544MDimensional Fund Advisors LP$360MVanguard Portfolio Management LLC$334MState Street$321MVanguard Capital Management LLC$274MFuller & Thaler Asset Management$210MGeode Capital Management, LLC$176MAmerican Century Companies$141M
Funds' net buying of HWC by quarter (13F)Funds' net buying of HWC by quarter (13F)$7.4M2024-09$19.2M2024-12$85.3M2025-03−$100M2025-06$265M2025-09$53.0M2025-12−$84.8M2026-03−$33.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on HWC

History

Every quarter: Q3 2026 results

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中文版：Hancock Whitney（HWC）财报

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