HANCOCK WHITNEY CORP Earnings Per Share Disclosure
Note 16. Earnings Per Share
The Company calculates earnings per share using the two-class method. The two-class method allocates net income to each class of common stock and participating security according to common dividends declared and participation rights in undistributed earnings. Participating securities consist of nonvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents
A summary of the information used in the computation of earnings per common share follows.
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Years Ended December 31, |
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($ in thousands, except per share data) |
2025 |
|
2024 |
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2023 |
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Numerator: |
|
|
|
|
|
|
|||
Net income to common shareholders |
$ |
486,073 |
|
$ |
460,815 |
|
$ |
392,602 |
|
Net income or dividends allocated to participating securities - basic and diluted |
|
2,042 |
|
|
3,027 |
|
|
4,014 |
|
Net income allocated to common shareholders - basic and diluted |
$ |
484,031 |
|
$ |
457,788 |
|
$ |
388,588 |
|
Denominator: |
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|
|
|
|
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Weighted-average common shares - basic |
|
84,905 |
|
|
86,346 |
|
|
86,130 |
|
Dilutive potential common shares |
|
535 |
|
|
302 |
|
|
293 |
|
Weighted-average common shares - diluted |
|
85,440 |
|
|
86,648 |
|
|
86,423 |
|
Earnings per common share: |
|
|
|
|
|
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Basic |
$ |
5.70 |
|
$ |
5.30 |
|
$ |
4.51 |
|
Diluted |
$ |
5.67 |
|
$ |
5.28 |
|
$ |
4.50 |
|
Potential common shares consist of stock options, nonvested performance-based awards, nonvested restricted stock units, and nonvested restricted share awards deferred under the Company’s nonqualified deferred compensation plan. These potential common shares do not enter into the calculation of diluted earnings per share if the impact would be antidilutive, i.e., increase earnings per share or reduce a loss per share. The weighted-average of potentially dilutive common shares that were anti-dilutive totaled 5,394, 16,338 and 100,391 for the years ended December 31, 2025, 2024 and 2023, respectively, and were excluded from the calculation of diluted earnings per common diluted share for the respective periods.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2019 | Feb 25, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Feb 27, 2018 | |
| 2016 | Feb 24, 2017 | |
| 2015 | Feb 26, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.