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Associated Banc-Corp vs Hancock Whitney: ASB and HWC compared
Associated Banc-Corp is the larger company: $464M of revenue in its latest quarter (Q3 2026) against $420M for Hancock Whitney (Q3 2026). Associated Banc-Corp is growing faster (+20% against +9% a year earlier). Associated Banc-Corp is more profitable, with an operating margin of 40.9% against 33.8%.
Where the money goes: ASB and HWC
Associated Banc-Corp (ASB) · Q3 2026
Associated Banc-Corp, Q3 2026: revenue $464M (+20% year over year), operating margin 40.9%, net earnings $147M, operating cash flow $329M. The chart follows the revenue to costs, profit and cash.
Hancock Whitney (HWC) · Q3 2026
Hancock Whitney, Q3 2026: revenue $420M (+9% year over year), operating margin 33.8%, net earnings $110M, operating cash flow $260M. The chart follows the revenue to costs, profit and cash.
| Associated Banc-Corp (ASB) | Hancock Whitney (HWC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $464M | $420M |
| Revenue growth, Y/Y | +20% | +9% |
| Operating margin | 40.9% | 33.8% |
| Net earnings | $147M | $110M |
| Net margin | 31.6% | 26.2% |
| Operating cash flow | $329M | $260M |
| Free cash flow | — | $255M |
| Market value | $5.9B | $5.8B |
| P/E | 10.8× | 14.2× |
| Analysts’ mean target | $34.50 | $84.72 |
Where the revenue comes from
Associated Banc-Corp
- Net interest income: $377M (81%)
- Noninterest income: $87.1M (19%)
Hancock Whitney
- Net interest income: $313M (75%)
- Noninterest income: $107M (25%)
Questions
Which is bigger, Associated Banc-Corp or Hancock Whitney?
Associated Banc-Corp is the larger company: $464M of revenue in its latest quarter (Q3 2026) against $420M for Hancock Whitney (Q3 2026).
Is Associated Banc-Corp or Hancock Whitney growing faster?
Associated Banc-Corp is growing faster (+20% against +9% a year earlier).
Which is more profitable, Associated Banc-Corp or Hancock Whitney?
Associated Banc-Corp is more profitable, with an operating margin of 40.9% against 33.8%.
More: Associated Banc-Corp earnings · how Associated Banc-Corp makes money · Hancock Whitney earnings · how Hancock Whitney makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.