Latest Ratios: P/E Ratio 13.1x · EV/EBITDA 10.4x · ROE 11.3%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.1B | $5.4B | $4.7B | $4.2B | $4.2B | $4.4B | $2.9B | $3.8B | $3.0B | $4.3B | $3.4B |
| Enterprise Value | $6.8B | $6.1B | $4.2B | $4.5B | $5.6B | $2.2B | $3.3B | $6.3B | $4.3B | $5.8B | $4.7B |
| P/E Ratio → | 13.14 | 11.21 | 10.36 | 10.80 | 8.09 | 9.58 | — | 11.80 | 9.31 | 19.96 | 23.05 |
| P/S Ratio | 3.00 | 2.66 | 2.31 | 2.22 | 2.88 | 3.29 | 2.13 | 2.64 | 2.30 | 3.69 | 3.51 |
| P/B Ratio | 1.41 | 1.20 | 1.15 | 1.10 | 1.26 | 1.21 | 0.86 | 1.10 | 0.96 | 1.49 | 1.27 |
| P/FCF | 11.58 | 10.26 | 7.70 | 8.93 | 5.20 | 7.88 | 9.28 | 12.29 | 7.44 | 10.97 | 10.60 |
| P/OCF | 11.18 | 9.91 | 7.58 | 8.48 | 5.02 | 7.56 | 8.29 | 10.80 | 6.60 | 10.43 | 10.01 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.04 | 2.05 | 2.40 | 3.80 | 1.66 | 2.36 | 4.39 | 3.32 | 5.01 | 4.74 |
| EV / EBITDA | 10.41 | 9.37 | 6.81 | 8.44 | 7.90 | 3.63 | — | 14.25 | 9.95 | 16.20 | 19.79 |
| EV / EBIT | 10.92 | 9.82 | 7.31 | 9.24 | 8.45 | 3.93 | — | 16.13 | 11.21 | 18.86 | 24.89 |
| EV / FCF | — | 11.74 | 6.81 | 9.63 | 6.85 | 3.97 | 10.28 | 20.48 | 10.75 | 14.89 | 14.33 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.1% | 73.1% | 67.6% | 69.2% | 96.0% | 102.1% | 48.0% | 80.7% | 83.3% | 85.6% | 81.3% |
| Operating Margin | 31.0% | 31.0% | 28.0% | 25.9% | 45.0% | 42.2% | -9.0% | 27.2% | 29.6% | 26.6% | 19.1% |
| Net Profit Margin | 24.1% | 24.1% | 22.5% | 20.8% | 35.8% | 34.4% | -3.3% | 22.7% | 25.1% | 18.6% | 15.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 11.3% | 11.6% | 11.0% | 14.9% | 13.0% | -1.3% | 10.0% | 10.9% | 7.7% | 5.8% |
| ROA | 1.4% | 1.4% | 1.3% | 1.1% | 1.5% | 1.3% | -0.1% | 1.1% | 1.2% | 0.8% | 0.6% |
| ROIC | 8.6% | 8.6% | 8.3% | 6.7% | 8.8% | 7.5% | -1.5% | 5.1% | 5.9% | 5.0% | 3.2% |
| ROCE | 3.2% | 3.2% | 11.9% | 11.0% | 15.3% | 13.1% | -3.0% | 10.4% | 11.1% | 9.2% | 5.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.23 | 0.40 | 0.67 | 0.55 | 0.63 | 0.89 | 0.59 | 0.70 | 0.61 |
| Debt / EBITDA | 2.04 | 2.04 | 1.57 | 2.83 | 3.16 | 3.31 | — | 6.92 | 4.21 | 5.60 | 7.07 |
| Net Debt / Equity | — | 0.17 | -0.13 | 0.09 | 0.40 | -0.60 | 0.09 | 0.73 | 0.43 | 0.53 | 0.45 |
| Net Debt / EBITDA | 1.18 | 1.18 | -0.89 | 0.61 | 1.90 | -3.58 | — | 5.70 | 3.07 | 4.26 | 5.15 |
| Debt / FCF | — | 1.48 | -0.89 | 0.70 | 1.65 | -3.91 | 1.00 | 8.19 | 3.31 | 3.92 | 3.73 |
| Interest Coverage | 1.23 | 1.23 | 0.94 | 0.94 | 7.57 | 11.59 | -1.08 | 1.70 | 2.13 | 2.85 | 2.56 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.13 | 0.13 | 0.23 | 0.21 | 0.21 | 0.36 | 0.28 | 0.20 | 0.13 | 0.15 | 0.15 |
| Quick Ratio | 0.13 | 0.13 | 0.23 | 0.21 | 0.21 | 0.36 | 0.28 | 0.20 | 0.13 | 0.15 | 0.15 |
| Cash Ratio | 0.55 | 0.55 | 0.05 | 0.04 | 0.03 | 0.13 | 0.06 | 0.02 | 0.02 | 0.02 | 0.02 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.4% | 2.9% | 2.8% | 2.5% | 2.2% | 2.2% | 3.2% | 2.5% | 3.0% | 1.9% | 2.2% |
| Payout Ratio | 31.6% | 31.6% | 28.4% | 26.7% | 18.0% | 20.7% | — | 29.0% | 27.4% | 38.6% | 51.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.6% | 8.9% | 9.6% | 9.3% | 12.4% | 10.4% | — | 8.5% | 10.7% | 5.0% | 4.3% |
| FCF Yield | 8.6% | 9.7% | 13.0% | 11.2% | 19.2% | 12.7% | 10.8% | 8.1% | 13.4% | 9.1% | 9.4% |
| Buyback Yield | 4.1% | 4.6% | 0.8% | 0.0% | 1.4% | 0.5% | 0.4% | 4.9% | 0.3% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.5% | 7.5% | 3.6% | 2.5% | 3.6% | 2.7% | 3.7% | 7.4% | 3.3% | 1.9% | 2.2% |
| Shares Outstanding | — | $84M | $87M | $86M | $87M | $89M | $87M | $87M | $86M | $87M | $80M |
Coastal insurance premium volatility
With a P/B ratio of 1.41, HWC trades at a valuation that appears to incorporate a persistent Gulf Coast discount, as reported in recent financial data, suggesting investors remain cautious regarding the bank's ability to drive superior returns on tangible equity in a competitive regional landscape.
The current P/B multiple relative to peers like Home Bancshares suggests the market views HWC as a stable but slow-growth franchise rather than a high-alpha compounder. Investors should monitor whether the bank's focus on commercial relationships can justify a premium valuation as the interest rate cycle matures.
According to quarterly filings, HWC's ROE has compressed to 1.1% in 2026Q1, a trend that appears driven by stagnant NIM levels and a reduced contribution from non-interest income, which previously peaked at 45.2% of revenue in 2025Q3 before falling sharply to 1.8% in the most recent period.
The decomposition of profitability indicates that the bank's reliance on interest-bearing assets is currently failing to offset the rising cost of funds. This suggests that the quality of earnings is under pressure, necessitating a shift toward more consistent fee-based revenue to stabilize the overall return profile.
Based on reported figures, HWC's efficiency ratio deteriorated to 54.0% in 2026Q1 from a low of 38.5% in 2024Q3, indicating that operating expenses are rising faster than revenue in the current environment, which warrants further investigation into the bank's long-term cost control capabilities.
The persistent 0.8% NIM suggests that the bank's funding base is not providing the expected protection against rising interest expenses. Management's ability to maintain operating leverage will be critical, as the current trend suggests a potential for further margin compression if deposit betas remain elevated.
As disclosed in recent SEC filings, HWC maintains an equity-to-assets ratio of 0.12, which, when combined with a low holding company debt-to-equity ratio of 0.30, provides a robust capital buffer that appears sufficient to navigate potential regional economic volatility or future hurricane-related credit stress.
The bank's capital position remains a structural strength, offering management significant flexibility for capital return or defensive balance sheet management. Investors should monitor whether this conservative stance limits the bank's ability to pursue aggressive organic growth in newer, more competitive Texas markets.
The P/E ratio is frequently misapplied to HWC, as reported in industry analysis, because it fails to account for the significant volatility in the provision for credit losses, which often masks the bank's underlying operational health and core earnings power during periods of regional economic uncertainty.
Analysts should prioritize P/TBV and PPNR over P/E to better assess the bank's valuation, as the latter is heavily distorted by qualitative provisioning overlays. Relying on P/E may lead to an inaccurate assessment of the bank's true franchise value and its sensitivity to the interest rate cycle.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying HWC stock.
Hancock Whitney Corporation's current P/E ratio is 13.1x. The historical average is 16.2x. This places it at the 34th percentile of its historical range.
Hancock Whitney Corporation's current EV/EBITDA is 10.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.9x.
Hancock Whitney Corporation's return on equity (ROE) is 11.3%. The historical average is 10.1%.
Based on historical data, Hancock Whitney Corporation is trading at a P/E of 13.1x. This is at the 34th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Hancock Whitney Corporation's current dividend yield is 2.45% with a payout ratio of 31.6%.
Hancock Whitney Corporation has 73.1% gross margin and 31.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Hancock Whitney Corporation's Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.