Hancock Whitney (STU:HH1) Beneish M-Score: -2.48 (As of Jun. 27, 2026)


STU:HH1 Hancock Whitney Corp STU:HH1
75 GF Score
Price €65.00
GF Value €49.95
! 9 Warning Signs
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What is Hancock Whitney Beneish M-Score?

Hancock Whitney STU:HH1 75 Beneish M-Score is -2.48 as of Jun. 27, 2026. GuruFocus rates STU:HH1 with a GF Score™ of 75/100 and a GF Value™ of €49.95. The stock has 9 warning signs investors should review. Among 1,397 Banks companies, Hancock Whitney ranks better than 66.21% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -2.48 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Hancock Whitney's Beneish M-Score or its related term are showing as below:

STU:HH1' s Beneish M-Score Range Over the Past 10 Years
Min: -2.74   Med: -2.46   Max: -2
Current: -2.48

During the past 13 years, the highest Beneish M-Score of Hancock Whitney was -2.00. The lowest was -2.74. And the median was -2.46.

STU:HH1
75GF Score
Hancock Whitney Corp STU:HH1
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Hancock Whitney Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Hancock Whitney for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1.024+0.528 * 1+0.404 * 1.0004+0.892 * 0.918+0.115 * 1.1098
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0621+4.679 * -0.00386-0.327 * 0.9573
=-2.53

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was €122 Mil.
Revenue was 251.37 + 331.342 + 327.02 + 324.646 = €1,234 Mil.
Gross Profit was 251.37 + 331.342 + 327.02 + 324.646 = €1,234 Mil.
Total Current Assets was €0 Mil.
Total Assets was €30,744 Mil.
Property, Plant and Equipment(Net PPE) was €316 Mil.
Depreciation, Depletion and Amortization(DDA) was €31 Mil.
Selling, General, & Admin. Expense(SGA) was €433 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €275 Mil.
Net Income was 41.02 + 107.238 + 108.601 + 98.431 = €355 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0 Mil.
Cash Flow from Operations was 98.932 + 130.667 + 135.287 + 109.071 = €474 Mil.
 Total Receivables was €130 Mil.
Revenue was 335.626 + 347.343 + 328.609 + 333.103 = €1,345 Mil.
Gross Profit was 335.626 + 347.343 + 328.609 + 333.103 = €1,345 Mil.
Total Current Assets was €0 Mil.
Total Assets was €32,144 Mil.
Property, Plant and Equipment(Net PPE) was €344 Mil.
Depreciation, Depletion and Amortization(DDA) was €38 Mil.
Selling, General, & Admin. Expense(SGA) was €444 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €300 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(122.185 / 1234.378) / (129.987 / 1344.681)
=0.098985 / 0.096668
=1.024

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(1344.681 / 1344.681) / (1234.378 / 1234.378)
=1 / 1
=1

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (0 + 316.184) / 30743.939) / (1 - (0 + 343.625) / 32144.379)
=0.989716 / 0.98931
=1.0004

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=1234.378 / 1344.681
=0.918

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(37.939 / (37.939 + 343.625)) / (31.114 / (31.114 + 316.184))
=0.09943 / 0.089589
=1.1098

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(433.153 / 1234.378) / (444.29 / 1344.681)
=0.350908 / 0.330406
=1.0621

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((275.132 + 0) / 30743.939) / ((300.499 + 0) / 32144.379)
=0.008949 / 0.009348
=0.9573

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(355.29 - 0 - 473.957) / 30743.939
=-0.00386

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Hancock Whitney has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.48 mean?
Hancock Whitney (STU:HH1) has a Beneish M-Score of -2.48 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hancock Whitney and its competitors. According to the industry distribution chart, Hancock Whitney ranks #472 out of 1397 companies in the Banks industry, placing it in the top 33.8%.
Is Hancock Whitney's Beneish M-Score too high?
Hancock Whitney's current Beneish M-Score is -2.48. Based on the distribution chart, Hancock Whitney ranks #472 out of 1397 companies in the Banks industry, which is above the industry midpoint. Overall, Hancock Whitney has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Hancock Whitney's Beneish M-Score compare to HOMB and ABCB?
According to the Banks industry distribution chart, Hancock Whitney ranks #472 out of 1397 companies for Beneish M-Score. This puts Hancock Whitney in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Banks company?
A good Beneish M-Score depends on the Banks industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hancock Whitney and its competitors. Hancock Whitney's current Beneish M-Score is -2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hancock Whitney stock overvalued right now?
Hancock Whitney (STU:HH1) has a current Beneish M-Score of -2.48. The stock's GF Value™ is €49.95, compared to a current price of €65.00 — trading 30.1% above its estimated fair value. The current Beneish M-Score is -2.48. Hancock Whitney's overall GF Score™ is 75/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Hancock Whitney (STU:HH1), the current Beneish M-Score is -2.48 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hancock Whitney (STU:HH1) Overvalued in 2026?

Based on GuruFocus' analysis, Hancock Whitney stock appears to be overvalued. The current stock price of €65.00 is trading 30.1% above its estimated GF Value™ of €49.95.

Key valuation signals for STU:HH1:

  • Beneish M-Score: -2.48
  • GF Value™: €49.95 vs. price of €65.00 (30.1% above fair value)
  • GF Score™: 75/100 with 9 warning signs

No single metric tells the full story. See the STU:HH1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hancock Whitney Business Description

Other Exchanges HWC:USAHH1:Germany
Address 2510 14th Street, Hancock Whitney Plaza, Gulfport, MS, USA, 39501
Hancock Whitney Corp operates bank offices and financial centers. The company offers a range of traditional and online banking services to commercial, small business, and retail customers, providing a variety of transaction and savings deposit products, treasury management services, secured and unsecured loan products (including revolving credit facilities), letters of credit, and similar financial guarantees. The Bank provides trust and investment management services to retirement plans, corporations, and individuals and provides its customers access to investment advisory and brokerage products.
75GF Score

Get the complete analysis for STU:HH1

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€65.00
Price
€49.95
GF Value