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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2025
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Note 13. Stockholders’ Equity Common Shares Outstanding Common shares outstanding excludes treasury shares totalin g 10.7 million and 6.7 million with a first-in-first-out cost basis of $502.9 million and $264.1 million at December 31, 2025 and 2024, respectively. Shares outstanding also excludes unvested restricted share awards of totaling 8,520 and 111,964 at December 31, 2025 and 2024, respectively. Stock Buyback Programs On December 10, 2025, the Company’s Board of Directors approved a stock buyback program, effective January 1, 2026, whereby the Company is authorized to repurchase up to 5% of the sha res of the Company's common stock outstanding as of December 31, 2025, or approximately 4.1 million shares, through the program’s expiration date of December 31, 2026. The program allows the Company to repurchase its common shares in the open market, by block purchase, through accelerated share repurchase programs, in privately negotiated transactions, or otherwise, in one or more transactions, from time to time, depending on market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission. The Company is not obligated to purchase any shares under this program, and the Board of Directors has the ability to terminate or amend the program at any time prior to the expiration date. Prior to its completion in December 2025, the Company had in place a stock repurchase program authorized by the Board of Directors on December 9, 2024, whereby the Company was authorized to repurchase up to 5% of the Company's common stock outstanding at December 31, 2024, or approximately 4.3 million shares, with the same terms described above through the program's expiration date of December 31, 2026. During the year ended December 31, 2025, the Company repurchased all of the 4,306,200 shares of its common stock that were authorized under this program, at an average cost of $57.30 per share, inclusive of commissions, under this program. The Company has accrued $2.2 million of estimated excise tax associated with share repurchases during the year ended December 31, 2025. Prior to its expiration on December 31, 2024, the Company had in place a stock repurchase program authorized by the Board of Directors on January 26, 2023, whereby the Company was authorized to repurchase up to 5% of the Company's common stock outstanding at December 31, 2022, or approximately 4.3 million shares, with terms the same as those described above. During the year ended December 31, 2024, the Company repurchased 762,993 shares of its common stock at an average cost of $49.40 per share, inclusive of commissions, under this program. No shares were repurchased under this program in 2023. The Company paid $0.1 million of estimated excise tax associated with share repurchases during 2024. Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income or Loss (AOCI) is reported as a component of stockholders’ equity. AOCI can include, among other items, unrealized holding gains and losses on securities available for sale (AFS), including the Company’s share of unrealized gains and losses reported by a partnership accounted for under the equity method, gains and losses associated with pension or other post-retirement benefits that are not recognized immediately as a component of net periodic benefit cost, and gains and losses on derivative instruments that are designated as, and qualify as, cash flow hedges. Net unrealized gains and losses on AFS securities reclassified as securities held to maturity (HTM) also continue to be reported as a component of AOCI and will be amortized over the estimated remaining life of the securities as an adjustment to interest income. Subject to certain thresholds, unrealized losses on employee benefit plans will be reclassified into income as pension and post-retirement costs are recognized over the remaining service period of plan participants. Accumulated gains or losses on cash flow hedges of variable rate loans described in Note 12 will be reclassified into income over the life of the hedge. Accumulated other comprehensive loss resulting from the terminated interest rate swaps are being amortized over the remaining maturities of the designated instruments. Gains and losses within AOCI are net of deferred income taxes, where applicable. A rollforward of the components of Accumulated Other Comprehensive Income (Loss) is presented in the table that follows:
($ in thousands) | Available for Sale Securities |  | HTM Securities Transferred from AFS |  | Employee Benefit Plans |  | Cash Flow Hedges |  | Equity Method Investment |  | Total |
Balance, December 31, 2022 | $ | (584,408 | ) | $ | (10,734 | ) | $ | (97,952 | ) | $ | (79,093 | ) | $ | 5 |  | $ | (772,182 | )
Net change in unrealized gain (loss) |  | 104,543 |  |  | — |  |  | — |  |  | (13,850 | ) |  | 368 |  |  | 91,061 |
Reclassification of net loss realized and included in earnings |  | 68,105 |  |  | — |  |  | 6,800 |  |  | 40,714 |  |  | — |  |  | 115,619 |
Valuation adjustments to employee benefit plans |  | — |  |  | — |  |  | (13,325 | ) |  | — |  |  | — |  |  | (13,325 | )
Amortization of unrealized net loss on securities transferred to held to maturity |  | — |  |  | 1,747 |  |  | — |  |  | — |  |  | — |  |  | 1,747 |
Income tax (expense) benefit |  | (38,988 | ) |  | (398 | ) |  | 1,416 |  |  | (6,077 | ) |  | — |  |  | (44,047 | )
Balance, December 31, 2023 | $ | (450,748 | ) | $ | (9,385 | ) | $ | (103,061 | ) | $ | (58,306 | ) | $ | 373 |  | $ | (621,127 | )
Net change in unrealized loss |  | (31,119 | ) |  | — |  |  | — |  |  | (33,678 | ) |  | (344 | ) |  | (65,141 | )
Reclassification of net loss realized and included in earnings |  | — |  |  | — |  |  | 4,888 |  |  | 47,944 |  |  | — |  |  | 52,832 |
Valuation adjustments to employee benefit plans |  | — |  |  | — |  |  | 28,191 |  |  | — |  |  | — |  |  | 28,191 |
Amortization of unrealized net loss on securities transferred to held to maturity |  | — |  |  | 1,670 |  |  | — |  |  | — |  |  | — |  |  | 1,670 |
Income tax (expense) benefit |  | 8,188 |  |  | (356 | ) |  | (7,253 | ) |  | (3,096 | ) |  | — |  |  | (2,517 | )
Balance, December 31, 2024 | $ | (473,679 | ) | $ | (8,071 | ) | $ | (77,235 | ) | $ | (47,136 | ) | $ | 29 |  | $ | (606,092 | )
Net change in unrealized gain |  | 232,827 |  |  | — |  |  | — |  |  | 8,094 |  |  | 3,056 |  |  | 243,977 |
Reclassification of net (gain) loss realized and included in earnings |  | 410 |  |  | — |  |  | 3,281 |  |  | 33,742 |  |  | (2,400 | ) |  | 35,033 |
Valuation adjustments to employee benefit plans |  | — |  |  | — |  |  | 17,231 |  |  | — |  |  | — |  |  | 17,231 |
Amortization of unrealized net loss on securities transferred to held to maturity |  | — |  |  | 1,580 |  |  | — |  |  | — |  |  | — |  |  | 1,580 |
Income tax expense |  | (53,393 | ) |  | (367 | ) |  | (4,725 | ) |  | (9,495 | ) |  | — |  |  | (67,980 | )
Balance, December 31, 2025 | $ | (293,835 | ) | $ | (6,858 | ) | $ | (61,448 | ) | $ | (14,795 | ) | $ | 685 |  | $ | (376,251 | )
The following table shows the line items in the consolidated statements of income affected by amounts reclassified from AOCI:
Amount reclassified from AOCI (a) | Year Ended December 31, |  |  | Increase (Decrease) in Affected
($ in thousands) | 2025 |  | 2024 |  |  | Income Statement Line Item
Amortization of unrealized net loss on securities transferred to HTM | $ | (1,580 | ) | $ | (1,670 | ) |  | Interest income
Tax effect |  | 367 |  |  | 356 |  |  | Income taxes
Net of tax |  | (1,213 | ) |  | (1,314 | ) |  | Net income
Loss on sale of AFS securities |  | (410 | ) |  | — |  |  | Securities transactions, net
Tax effect |  | 94 |  |  | — |  |  | Income taxes
Net of tax |  | (316 | ) |  | — |  |  | Net income
Amortization of defined benefit pension and post-retirement items |  | (3,281 | ) |  | (4,888 | ) |  | Other noninterest expense
Tax effect |  | 756 |  |  | 1,072 |  |  | Income taxes
Net of tax |  | (2,525 | ) |  | (3,816 | ) |  | Net income
Reclassification of unrealized loss on cash flow hedges |  | (27,619 | ) |  | (45,537 | ) |  | Interest income
Tax effect |  | 6,268 |  |  | 9,882 |  |  | Income taxes
Net of tax |  | (21,351 | ) |  | (35,655 | ) |  | Net income
Amortization of loss on terminated cash flow hedges |  | (6,123 | ) |  | (2,407 | ) |  | Interest income
Tax effect |  | 1,390 |  |  | 522 |  |  | Income taxes
Net of tax |  | (4,733 | ) |  | (1,885 | ) |  | Net income
Reclassification of unrealized gain on equity method investment |  | 2,400 |  |  | — |  |  | Other noninterest income
Tax effect |  | — |  |  | — |  |  | Income taxes
Net of tax |  | 2,400 |  |  | — |  |  | Net income
Total reclassifications, net of tax | $ | (27,738 | ) | $ | (42,670 | ) |  | Net income
(a) Amounts in parenthesis indicate reduction in net income. |  |  |  |  |  |
Regulatory Capital Measures of regulatory capital are an important tool used by regulators to monitor the financial health of financial institutions. The primary quantitative measures used to gauge capital adequacy are Common Equity Tier 1, Tier 1 and Total regulatory capital to risk-weighted assets (risk-based capital ratios) and the Tier 1 capital to average total assets (leverage ratio). Both the Company and the Bank subsidiary are required to maintain minimum risk-based capital ratios of 8.0% total capital, 4.5% Common Equity Tier 1, and 6.0% Tier 1 capital. The minimum leverage ratio is 3.0% for bank holding companies and banks that meet certain specified criteria, including having the highest supervisory rating. All others are required to maintain a leverage ratio of at least 4.0%. To evaluate capital adequacy, regulators compare an institution’s regulatory capital ratios with their agency guidelines, as well as with the guidelines established as part of the uniform regulatory framework for prompt corrective supervisory action toward financial institutions. The framework for prompt corrective action categorizes capital levels into one of five classification ratings from well-capitalized to critically under-capitalized. For an institution to be eligible to be classified as well capitalized its Total risk-based capital ratios must be at least 10.0% for total capital, 6.5% for Common Equity Tier 1 and 8.0% for Tier 1 capital, and its leverage ratio must be at least 5.0%. In reaching an overall conclusion on capital adequacy or assigning a classification under the uniform framework, regulators also consider other subjective and quantitative measures of risk associated with an institution. The Company and the Bank were deemed to be well capitalized based upon the most recent notifications from their regulators. There are no conditions or events since those notifications that management believes would change the classifications. At December 31, 2025 and 2024, the Company and the Bank were in compliance with all of their respective minimum regulatory capital requirements. Following is a summary of the actual regulatory capital amounts and ratios for the Company and the Bank together with corresponding regulatory capital requirements at December 31, 2025 and 2024.
|  | Actual |  |  | Required for Minimum Capital Adequacy |  |  | Required To Be Well Capitalized |
($ in thousands) |  | Amount |  |  | Ratio % |  |  | Amount |  |  | Ratio % |  |  | Amount |  |  | Ratio % |
At December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tier 1 leverage capital |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hancock Whitney Corporation |  | $ |  | 3,872,490 |  |  |  | 11.17 |  |  | $ |  | 1,386,435 |  |  |  | 4.00 |  |  | $ |  | 1,733,044 |  |  |  | 5.00 |
Hancock Whitney Bank |  |  |  | 3,753,825 |  |  |  | 10.84 |  |  |  |  | 1,385,477 |  |  |  | 4.00 |  |  |  |  | 1,731,847 |  |  |  | 5.00 |
Common equity tier 1 (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hancock Whitney Corporation |  | $ |  | 3,872,490 |  |  |  | 13.65 |  |  | $ |  | 1,276,984 |  |  |  | 4.50 |  |  | $ |  | 1,844,532 |  |  |  | 6.50 |
Hancock Whitney Bank |  |  |  | 3,753,825 |  |  |  | 13.24 |  |  |  |  | 1,275,931 |  |  |  | 4.50 |  |  |  |  | 1,843,011 |  |  |  | 6.50 |
Tier 1 capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hancock Whitney Corporation |  | $ |  | 3,872,490 |  |  |  | 13.65 |  |  | $ |  | 1,702,645 |  |  |  | 6.00 |  |  | $ |  | 2,270,193 |  |  |  | 8.00 |
Hancock Whitney Bank |  |  |  | 3,753,825 |  |  |  | 13.24 |  |  |  |  | 1,701,241 |  |  |  | 6.00 |  |  |  |  | 2,268,322 |  |  |  | 8.00 |
Total capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hancock Whitney Corporation |  | $ |  | 4,383,948 |  |  |  | 15.45 |  |  | $ |  | 2,270,193 |  |  |  | 8.00 |  |  | $ |  | 2,837,741 |  |  |  | 10.00 |
Hancock Whitney Bank |  |  |  | 4,092,783 |  |  |  | 14.43 |  |  |  |  | 2,268,322 |  |  |  | 8.00 |  |  |  |  | 2,835,402 |  |  |  | 10.00 |
At December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tier 1 leverage capital |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hancock Whitney Corporation |  | $ |  | 3,886,926 |  |  |  | 11.29 |  |  | $ |  | 1,377,216 |  |  |  | 4.00 |  |  | $ |  | 1,721,520 |  |  |  | 5.00 |
Hancock Whitney Bank |  |  |  | 3,754,217 |  |  |  | 10.91 |  |  |  |  | 1,376,113 |  |  |  | 4.00 |  |  |  |  | 1,720,142 |  |  |  | 5.00 |
Common equity tier 1 (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hancock Whitney Corporation |  | $ |  | 3,886,926 |  |  |  | 14.14 |  |  | $ |  | 1,237,066 |  |  |  | 4.50 |  |  | $ |  | 1,786,873 |  |  |  | 6.50 |
Hancock Whitney Bank |  |  |  | 3,754,217 |  |  |  | 13.67 |  |  |  |  | 1,235,956 |  |  |  | 4.50 |  |  |  |  | 1,785,270 |  |  |  | 6.50 |
Tier 1 capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hancock Whitney Corporation |  | $ |  | 3,886,926 |  |  |  | 14.14 |  |  | $ |  | 1,649,421 |  |  |  | 6.00 |  |  | $ |  | 2,199,228 |  |  |  | 8.00 |
Hancock Whitney Bank |  |  |  | 3,754,217 |  |  |  | 13.67 |  |  |  |  | 1,647,942 |  |  |  | 6.00 |  |  |  |  | 2,197,256 |  |  |  | 8.00 |
Total capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hancock Whitney Corporation |  | $ |  | 4,378,748 |  |  |  | 15.93 |  |  | $ |  | 2,199,228 |  |  |  | 8.00 |  |  | $ |  | 2,749,036 |  |  |  | 10.00 |
Hancock Whitney Bank |  |  |  | 4,073,539 |  |  |  | 14.83 |  |  |  |  | 2,197,256 |  |  |  | 8.00 |  |  |  |  | 2,746,570 |  |  |  | 10.00 |
Regulatory Restrictions on Dividends Regulatory policy statements provide that generally, bank holding companies should pay dividends only out of current operating earnings and that the level of dividends must be consistent with current and expected capital requirements. Dividends received from the Bank have been the primary source of funds available to the Company for the payment of dividends to its stockholders. Federal and State banking laws and regulations restrict the amount of dividends the Bank may distribute to the Company without prior regulatory approval, as well as the amount of loans it may make to the Company. Dividends paid by the Bank are subject to approval by the Commissioner of Banking and Consumer Finance of the State of Mississippi. Further, a capital conservation buffer of 2.5% above each of the minimum capital ratio requirements (Common Equity Tier 1, Tier 1, and Total risk-based capital) must be met for a bank or bank holding company to be able to pay dividends without restrictions.

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