Hancock Whitney Corporation (HWC) Balance Sheet
HWC balance sheet, 2025
December 31, 2025 · U.S. dollars$35.47B assets = $31.01B liabilities + $4.46B equity
Both columns are drawn to the same scale: what HWC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HWC financial health
Descriptive bands, not a rating. Fiscal 2025.
HWC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $23.98B2016 | $35.47B2025 | +4.4%/yr | |
| Total liabilities | $21.26B2016 | $31.01B2025 | +4.3%/yr | |
| Shareholders’ equity | $2.72B2016 | $4.46B2025 | +5.6%/yr | |
| Cash & short-term investments | $2.97B2016 | $563.2M2025 | −16.9%/yr | |
| Total debt | $1.66B2016 | $1.34B2025 | −2.4%/yr | |
| Net cash (debt) | $1.31B2016 | −$775.0M2025 | −$2.1B | |
| Working capital | −$17.59B2016 | −$885.0M2025 | +$16.7B | |
| Book value per share | $34.072016 | $52.922025 | +5.0%/yr | |
| Debt / equity | 0.612016 | 0.302025 | −0.31 | |
| Shares outstanding | 79.8M2016 | 84.3M2025 | +0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HWC assets
HWC liabilities and equity
HWC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HWC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $563.2M | $6.68B | $6.10B | $6.44B | $11.22B | $7.86B | $5.22B | $3.18B | $3.39B | $2.97B |
| Cash & equivalents | $563.0M | $1.51B | $1.19B | $887.8M | $4.23B | $1.86B | $542.1M | $494.0M | $479.1M | $449.9M |
| Short-term investments | $229,000 | $5.16B | $4.92B | $5.56B | $6.99B | $6.00B | $4.68B | $2.69B | $2.91B | $2.52B |
| Receivables | $138.5M | $162.4M | $214.9M | $166.9M | $225.0M | $205.6M | $123.2M | $86.7M | $82.2M | $82.1M |
| Inventory | $0 | $0 | −$5.63B | −$1.10B | −$4.38B | −$2.02B | −$705.3M | $26.3M | $27.5M | $18.9M |
| Other current assets | $0 | $45.8M | $5.68B | $1.10B | $4.42B | $2.06B | $745.4M | $8.8M | $473,000 | $0 |
| Total current assets | $132.3M | $6.88B | $6.36B | $6.61B | $11.48B | $8.11B | $5.38B | $3.31B | $3.50B | $3.07B |
| Property, plant & equipment (net) | $363.2M | $378.6M | $407.4M | $425.5M | $452.5M | $491.2M | $490.2M | $353.7M | $333.7M | $361.6M |
| Goodwill & intangible assets | $992.5M | $890.7M | $900.1M | $911.6M | $925.7M | $942.3M | $962.3M | $887.1M | $836.2M | $709.0M |
| Long-term investments | $8.18B | $7.68B | $7.69B | $8.73B | $12.38B | $1.49B | $1.62B | $3.01B | $3.02B | $2.53B |
| Other non-current assets | $25.80B | $19.24B | $20.22B | $18.50B | $11.29B | $22.61B | $22.14B | $20.68B | $19.65B | $17.30B |
| Total assets | $35.47B | $35.08B | $35.58B | $35.18B | $36.53B | $33.64B | $30.60B | $28.24B | $27.34B | $23.98B |
| Liabilities | ||||||||||
| Accounts payable | $14.5M | $20.1M | $45.0M | $9.9M | $3.1M | $4.3M | $10.2M | $12.3M | $8.7M | $9.6M |
| Short-term debt | $1.02B | $639.0M | $1.15B | $1.87B | $1.67B | $1.67B | $2.71B | $1.59B | $1.70B | $1.23B |
| Deferred revenue | — | — | −$45.0M | — | — | — | — | −$8.51B | −$8.32B | −$14.58B |
| Total current liabilities | $1.02B | $30.15B | $30.89B | $30.95B | $32.13B | $29.37B | $26.53B | $24.75B | $23.97B | $20.66B |
| Long-term debt | $199.4M | $210.5M | $236.3M | $242.1M | $244.2M | $378.3M | $233.5M | $225.0M | $305.5M | $436.3M |
| Lease obligations | $121.5M | $117.8M | $125.6M | $116.4M | $122.1M | $130.6M | $127.7M | — | — | — |
| Other long-term liabilities | $29.94B | $591.6M | $648.7M | $647.6M | $482.6M | $451.6M | $371.0M | $178.0M | $179.9M | $160.0M |
| Total liabilities | $31.01B | $30.95B | $31.77B | $31.84B | $32.86B | $30.20B | $27.13B | $25.15B | $24.45B | $21.26B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $292.7M | $292.7M | $291.4M |
| Retained earnings (deficit) | $3.04B | $2.70B | $2.38B | $2.09B | $1.66B | $1.29B | $1.48B | $1.24B | $1.01B | $850.7M |
| Treasury stock | — | — | — | — | — | — | — | — | −$25.5M | −$226.4M |
| Accumulated other comprehensive income | −$376.3M | −$606.1M | −$621.1M | −$772.2M | −$53.9M | $80.1M | −$54.7M | −$180.7M | −$134.4M | −$120.5M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $4.46B | $4.13B | $3.80B | $3.34B | $3.67B | $3.44B | $3.47B | $3.08B | $2.88B | $2.72B |
| Key figures | ||||||||||
| Total debt | $1.34B | $967.4M | $1.52B | $2.23B | $2.03B | $2.18B | $3.08B | $1.81B | $2.01B | $1.66B |
| Net cash (debt) | −$775.0M | $5.71B | $4.59B | $4.21B | $9.19B | $5.68B | $2.14B | $1.37B | $1.38B | $1.31B |
| Working capital | −$885.0M | −$23.27B | −$24.53B | −$24.34B | −$20.65B | −$21.26B | −$21.15B | −$21.44B | −$20.47B | −$17.59B |
| Tangible book value | $3.47B | $3.24B | $2.90B | $2.43B | $2.74B | $2.50B | $2.51B | $2.19B | $2.05B | $2.01B |
| Book value per share | $52.92 | $47.64 | $44.01 | $38.27 | $41.44 | $39.74 | $40.04 | $36.03 | $33.31 | $34.07 |
| Shares outstanding | 84.3M | 86.6M | 86.4M | 87.3M | 88.6M | 86.5M | 86.6M | 85.5M | 86.6M | 79.8M |
| Current ratio | 0.13 | 0.23 | 0.21 | 0.21 | 0.36 | 0.28 | 0.20 | 0.13 | 0.15 | 0.15 |
| Quick ratio | 0.69 | 0.23 | 0.20 | 0.21 | 0.36 | 0.27 | 0.20 | 0.13 | 0.14 | 0.15 |
| Debt / equity | 0.30 | 0.23 | 0.40 | 0.67 | 0.55 | 0.63 | 0.89 | 0.59 | 0.70 | 0.61 |
| Equity / assets | 12.6% | 11.8% | 10.7% | 9.5% | 10.0% | 10.2% | 11.3% | 10.9% | 10.6% | 11.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.22B | $555.5M | $563.2M | $1.59B | $6.75B | $6.69B | $6.68B | $6.66B | $6.05B | $5.76B | $6.10B | $6.55B |
| Cash & equivalents | $1.09B | $555.5M | $563.0M | $1.43B | $1.12B | $1.35B | $1.51B | $1.36B | $1.08B | $852.9M | $1.19B | $1.36B |
| Short-term investments | $137.4M | $5.98B | $229,000 | $165.7M | $5.64B | $5.33B | $5.16B | $5.30B | $4.97B | $4.91B | $4.92B | $5.19B |
| Receivables | $141.7M | $141.3M | $138.5M | $142.0M | $142.6M | $140.5M | $162.4M | $148.1M | $154.4M | $159.1M | $214.9M | $152.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$655.6M | −$5.48B | $346.3M | −$1.73B |
| Other current assets | $66.1M | $0 | $0 | $58.9M | $61.4M | $51.1M | $45.8M | $50.1M | $710.3M | $5.53B | $0 | $1.78B |
| Total current assets | $1.43B | $696.8M | $132.3M | $1.79B | $6.96B | $6.88B | $6.88B | $6.86B | $6.26B | $5.97B | $6.36B | $6.76B |
| Property, plant & equipment (net) | $357.2M | $365.5M | $363.2M | $364.0M | $371.4M | $371.5M | $378.6M | $384.7M | $387.8M | $397.9M | $407.4M | $416.8M |
| Goodwill & intangible assets | $987.7M | $989.9M | $992.5M | $995.1M | $997.8M | $888.6M | $890.7M | $892.9M | $895.2M | $897.6M | $900.1M | $902.8M |
| Long-term investments | $7.89B | $8.03B | $8.18B | $7.99B | $7.87B | $7.69B | $7.68B | $7.77B | $7.54B | $7.56B | $7.69B | $8.73B |
| Other non-current assets | $25.68B | $25.46B | $25.80B | $24.62B | $19.02B | $18.92B | $19.24B | $19.33B | $20.34B | $20.43B | $20.22B | $19.49B |
| Total assets | $36.35B | $35.54B | $35.47B | $35.77B | $35.21B | $34.75B | $35.08B | $35.24B | $35.41B | $35.25B | $35.58B | $36.30B |
| Liabilities | ||||||||||||
| Accounts payable | $14.5M | $14.6M | $14.5M | $17.2M | $17.3M | $18.0M | $20.1M | $26.9M | $27.1M | $44.4M | $45.0M | $52.6M |
| Short-term debt | $1.57B | $1.36B | $1.02B | $1.92B | $1.04B | $542.8M | $639.0M | $1.27B | $1.36B | $667.8M | $1.15B | $1.43B |
| Deferred revenue | — | — | — | — | — | — | — | — | −$27.1M | −$44.4M | −$45.0M | $1.37B |
| Total current liabilities | $1.57B | $1.36B | $1.02B | $30.59B | $1.04B | $29.76B | $30.15B | $30.28B | $30.59B | $30.49B | $30.89B | $31.80B |
| Long-term debt | $193.8M | $193.8M | $199.4M | $210.7M | $210.6M | $210.6M | $210.5M | $236.4M | $236.4M | $236.4M | $236.3M | $236.3M |
| Lease obligations | $122.5M | $124.3M | $121.5M | $122.8M | $127.8M | $114.3M | $117.8M | $118.7M | $117.8M | $121.0M | $125.6M | $126.7M |
| Other long-term liabilities | $30.14B | $29.57B | $29.94B | $487.8M | $29.59B | $505.9M | $591.6M | $551.2M | $663.4M | $669.3M | $648.7M | $762.2M |
| Total liabilities | $31.90B | $31.12B | $31.01B | $31.29B | $30.85B | $30.47B | $30.95B | $31.06B | $31.49B | $31.39B | $31.77B | $32.80B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M | $309.5M |
| Retained earnings (deficit) | $3.13B | $3.04B | $3.04B | $2.95B | $2.86B | $2.78B | $2.70B | $2.62B | $2.54B | $2.46B | $2.38B | $2.35B |
| Accumulated other comprehensive income | −$345.4M | −$325.1M | −$376.3M | −$416.5M | −$469.8M | −$515.0M | −$606.1M | −$475.5M | −$657.9M | −$653.5M | −$621.1M | −$895.0M |
| Total shareholders' equity | $4.44B | $4.42B | $4.46B | $4.47B | $4.37B | $4.28B | $4.13B | $4.17B | $3.92B | $3.85B | $3.80B | $3.50B |
| Key figures | ||||||||||||
| Total debt | $1.89B | $1.68B | $1.34B | $2.25B | $1.38B | $867.6M | $967.4M | $1.62B | $1.72B | $1.03B | $1.52B | $1.79B |
| Net cash (debt) | −$662.9M | −$1.12B | −$775.0M | −$658.6M | $5.37B | $5.82B | $5.71B | $5.04B | $4.33B | $4.73B | $4.59B | $4.76B |
| Working capital | −$138.8M | −$663.7M | −$885.0M | −$28.80B | $5.91B | −$22.88B | −$23.27B | −$23.42B | −$24.34B | −$24.52B | −$24.53B | −$25.04B |
| Tangible book value | $3.46B | $3.43B | $3.47B | $3.48B | $3.37B | $3.39B | $3.24B | $3.28B | $3.03B | $2.96B | $2.90B | $2.60B |
| Book value per share | $54.54 | $53.73 | $52.92 | $52.36 | $50.64 | $49.49 | $47.66 | $48.23 | $45.19 | $44.43 | $43.92 | $40.50 |
| Shares outstanding | 81.5M | 82.3M | 84.3M | 85.5M | 86.2M | 86.5M | 86.6M | 86.6M | 86.8M | 86.7M | 86.6M | 86.4M |
| Current ratio | 0.91 | 0.51 | 0.13 | 0.06 | 6.66 | 0.23 | 0.23 | 0.23 | 0.20 | 0.20 | 0.21 | 0.21 |
| Quick ratio | 0.87 | 0.51 | 0.69 | 0.06 | 6.60 | 0.23 | 0.23 | 0.22 | 0.20 | 0.19 | 0.20 | 0.21 |
| Debt / equity | 0.42 | 0.38 | 0.30 | 0.50 | 0.32 | 0.20 | 0.23 | 0.39 | 0.44 | 0.27 | 0.40 | 0.51 |
| Equity / assets | 12.2% | 12.4% | 12.6% | 12.5% | 12.4% | 12.3% | 11.8% | 11.8% | 11.1% | 10.9% | 10.7% | 9.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
HWC financial position
At the end of fiscal 2025 (December 31, 2025), Hancock Whitney had total assets of $35.5 billion (up 1.1% from a year earlier), total liabilities of $31.0 billion and shareholders' equity of $4.5 billion. It held $563.2 million in cash and short-term investments against $1.3 billion of debt, net debt of $775.0 million. Its current ratio was 0.13. In the latest quarter (ended June 30, 2026) total assets were $36.3 billion and equity $4.4 billion.
Related: HWC income statement, HWC cash flow statement, HWC key metrics. See the HWC stock overview for the latest quote and news.
HWC balance sheet FAQ
What are Hancock Whitney's total assets?
Hancock Whitney reported total assets of $35.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $35.1 billion a year earlier.
How much debt does Hancock Whitney have?
Hancock Whitney had $1.3 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.30.
How much cash does Hancock Whitney have?
Hancock Whitney held $563.2 million in cash and short-term investments at the end of fiscal 2025; with $1.3 billion of debt that is net debt of $775.0 million.
What is Hancock Whitney's book value?
Hancock Whitney's shareholders' equity (book value) was $4.5 billion at the end of fiscal 2025, or $52.92 per share.
What is Hancock Whitney's current ratio?
Hancock Whitney had current assets of $132.3 million and current liabilities of $1.0 billion, a current ratio of 0.13 (current liabilities exceed current assets).
How much goodwill does Hancock Whitney have?
Hancock Whitney carried $992.5 million of goodwill and intangible assets, 2.8% of total assets, at the end of fiscal 2025.