Hancock Whitney reports third quarter 2026 EPS of $1.36
HANCOCK WHITNEY CORP (HWC) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 FOR IMMEDIATE RELEASE October 20, 2026 For more information Ashleigh Flower Wilshire, SVP, Head of Investor Relations 504.299.5076 or ashleigh.wilshire@hancockwhitney.com Hancock Whitney reports third quarter 2026 EPS of $1.36 GULFPORT, Miss. (October 20, 2026) — Han
How this was made
The 30-second read
Why it matters
The earnings miss and acquisition charge are likely to weigh on the stock in the immediate trading session.
Market read
Primary earnings disclosure for a mid‑cap U.S. bank; actionable for short‑term traders.
What to watch
Adjusted EPS of $1.66 excludes the charge, indicating underlying profitability remains strong.
Hancock Whitney reports third quarter 2026 EPS of $1.36
Adjusted EPS was $1.66, up $0.11 linked-quarter, while GAAP net income was $110.1 million and diluted EPS was $1.36, both below the second quarter. Loans, deposits, net interest income and NIM increased, but OFB acquisition-related supplemental disclosure items increased provision and expenses, nonaccrual loans rose, and capital ratios declined.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Net income, three months ended 9/30/2026 (dollars in thousands)GAAP | $110.1M | – | – |
| Adjusted net income, three months ended 9/30/2026non-GAAP | $134.1M | – | – |
| Earnings per share, diluted, three months ended 9/30/2026GAAP | $ 1.36 | – | – |
| Adjusted earnings per share, diluted, three months ended 9/30/2026non-GAAP | 1.66 | up $0.11 linked-quarter | – |
| Net interest income, three months ended 9/30/2026 (dollars in thousands)GAAP | $313.1M | – | – |
| Net interest income (TE), three months ended 9/30/2026 (dollars in thousands)non-GAAP | $314.9M | an increase of $19.7 million, or 7% | – |
| Noninterest income, three months ended 9/30/2026 (dollars in thousands)GAAP | $107.0M | down $1.4 million | – |
| Total GAAP revenue, three months ended 9/30/2026 (dollars in thousands)GAAP | $420.1M | – | – |
| Total revenue (TE), three months ended 9/30/2026 (dollars in thousands)non-GAAP | $421.9M | – | – |
| Adjusted total revenue (TE), three months ended 9/30/2026 (dollars in thousands)non-GAAP | $421.9M | – | – |
| Provision for credit losses, three months ended 9/30/2026 (dollars in thousands)GAAP | $16.10M | – | – |
| Income before income taxes, three months ended 9/30/2026 (dollars in thousands)GAAP | $142.0M | – | – |
| Income tax expense, three months ended 9/30/2026 (dollars in thousands)GAAP | $31.96M | – | – |
| Effective income tax rate, third quarter of 2026GAAP | 22.5% | – | – |
| Noninterest expense, three months ended 9/30/2026 (dollars in thousands)GAAP | $262.0M | up $36.6 million, or 16% linked-quarter | – |
| Adjusted noninterest expense for efficiency, three months ended 9/30/2026 (dollars in thousands)non-GAAP | $229.8M | – | – |
| Adjusted pre-provision net revenue (TE), three months ended 9/30/2026 (dollars in thousands)non-GAAP | $189.3M | up $11.2 million, or 6% | – |
| Net interest margin (TE), three months ended 9/30/2026non-GAAP | 3.61 % | up 5 bps linked-quarter | – |
| Efficiency ratio, three months ended 9/30/2026non-GAAP | 54.46 % | down 85 bps linked-quarter | – |
| Return on average assets, three months ended 9/30/2026GAAP | 1.16 % | – | – |
| Return on average common equity, three months ended 9/30/2026GAAP | 9.95 % | – | – |
| Return on average tangible common equity, three months ended 9/30/2026other | 13.46 % | – | – |
| Total loans, period-end 9/30/2026 (dollars in thousands)GAAP | $26.54B | up $2.0 billion, or 8% | – |
| Average loans, three months ended 9/30/2026 (dollars in thousands)GAAP | $25.77B | up $1.4 billion, or 6% | – |
| Total deposits, period-end 9/30/2026 (dollars in thousands)GAAP | $32.18B | up $2.5 billion, or 9% | – |
| Average deposits, three months ended 9/30/2026 (dollars in thousands)GAAP | $30.92B | up $2.1 billion, or 7% | – |
| Noninterest-bearing deposits, period-end 9/30/2026 (dollars in thousands)GAAP | $10.55B | up $217.9 million, or 2% | – |
| Interest-bearing transaction and savings deposits, period-end 9/30/2026 (dollars in thousands)GAAP | $15.49B | up $2.5 billion, or 19% | – |
| Interest-bearing public fund deposits, period-end 9/30/2026 (dollars in thousands)GAAP | $2.57B | down $309.0 million, or 11% | – |
| Time deposits, period-end 9/30/2026 (dollars in thousands)GAAP | $3.56B | up $174.2 million, or 5% | – |
| Total assets, period-end 9/30/2026 (dollars in thousands)GAAP | $38.58B | – | – |
| Common stockholders' equity, period-end 9/30/2026 (dollars in thousands)GAAP | $4.23B | down $209.8 million, or 5% | – |
| Tangible common equity ratio, period-end 9/30/2026other | 8.05 % | down 173 bps linked-quarter | – |
| Common equity tier 1 ratio, period-end 9/30/2026other | 11.53 % | down 166 bps linked-quarter | – |
| Total allowance for credit losses, period-end 9/30/2026 (dollars in thousands)GAAP | $375.8M | up $27.8 million, or 8% | – |
| Allowance for credit losses as a percentage of period-end loans, 9/30/2026GAAP | 1.42 % | unchanged from the prior quarter | – |
| Nonaccrual loans, period-end 9/30/2026 (dollars in thousands)GAAP | $133.3M | – | – |
| Nonaccrual loans as a percentage of loans, 9/30/2026GAAP | 0.50 % | – | – |
| Criticized commercial loans, period-end 9/30/2026GAAP | $485.3 million, or 2.29% of total commercial loans | down $6.7 million | – |
| Total net charge-offs, three months ended 9/30/2026 (dollars in thousands)GAAP | $10.20M | – | – |
| Total net charge-offs as a percentage of average loans, three months ended 9/30/2026GAAP | 0.16 % | – | – |
| Cash dividends per share, three months ended 9/30/2026GAAP | 0.50 | – | – |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
Capital returns
- During the third quarter of 2026, the company repurchased one million shares of its common stock at an average price of $77.91 per share.
- The share buyback program authorizes the repurchase of up to 5%, or approximately 4.1 million shares, of the company’s outstanding common stock, and expires on December 31, 2026.
- Since the share buyback program’s inception, the company has repurchased 3,112,966 shares of its common stock under this share buyback program.
- Cash dividends per share were 0.50 for the three months ended 9/30/2026.
What drove it
- Loans increased $2.0 billion, including $1.7 billion in loans acquired from OFB, as well as increases in commercial real estate across multiple products and continued growth in equipment finance.
- Deposits increased $2.5 billion, including $1.9 billion acquired from OFB; interest-bearing transaction and savings deposits increased due to competitive products and pricing.
- NIM expansion reflected purchase accounting accretion related to OFB (+4 bps), favorable level of other borrowings (+1 bps), and change in earning asset yield and mix (+8 bps), offset by higher cost of deposits (-8 bps).
- Third-quarter net interest income included net purchase accounting accretion of $3.3 million.
- Noninterest expense included $5.8 million of post-acquisition noninterest expense from OFB and $29.4 million of supplemental disclosure items related to the acquisition of OFB.
- Personnel expense increased partly from $8.3 million of OFB acquisition-related supplemental disclosure items, $3.6 million of post-acquisition OFB expense, and new hires associated with the organic growth plan.
Concerns
- GAAP net income was $110.1 million and GAAP diluted EPS was $1.36, compared with $127.0 million and $1.55 in the second quarter of 2026.
- Noninterest expense increased $36.6 million, or 16% linked-quarter, and included $29.4 million of supplemental disclosure items related to the OFB acquisition.
- Nonaccrual loans totaled $133.3 million, or 0.50% of total loans, compared to $113.7 million, or 0.46% of total loans, at June 30, 2026.
- The CET1 ratio was estimated at 11.53%, compared to 13.19% in the prior quarter, while the tangible common equity ratio was 8.05%, compared to 9.78%.
- Interest-bearing transaction and savings deposits grew with competitive products and pricing, while higher cost of deposits offset 8 bps of NIM drivers.
- Fees from secondary mortgage operations totaled $2.9 million, down $1.2 million, or 30%, linked-quarter, due to the current rate environment.
What to watch
- Integration of OFB Bancshares, Inc., including purchase accounting accretion, post-acquisition income and expense, and acquisition-related supplemental disclosure items.
- Whether legacy and post-acquisition loan growth in commercial real estate and equipment finance continues.
- Deposit mix, competitive pricing and the cost of deposits.
- The path of nonaccrual loans, criticized commercial loans, net charge-offs and the allowance for credit losses.
- CET1 and tangible common equity ratios following the OFB acquisition and continued share repurchases.
- Noninterest expense following OFB acquisition costs and hiring associated with the organic growth plan.
Balance sheet and cash flow
- Total assets were $ 38,583,463 at 9/30/2026, compared to $ 36,345,972 at 6/30/2026.
- Total deposits were $ 32,177,308 at 9/30/2026, compared to $ 29,629,760 at 6/30/2026.
- Short-term borrowings were $ 1,304,281 and long-term debt was $ 212,212 at 9/30/2026.
- Common stockholders' equity was $ 4,234,341 at 9/30/2026, compared to $ 4,444,134 at 6/30/2026.
- Operating cash flow, investing cash flow, financing cash flow, free cash flow and cash balances were not reported in the provided release.
Analysis
Hancock Whitney reported third-quarter GAAP net income of $110.1 million, or $1.36 per diluted common share, compared with $127.0 million, or $1.55 per diluted common share, in the second quarter of 2026. The quarter included a pretax charge of $30.4 million, or $0.30 per share, of supplemental disclosure items related to the OFB acquisition. Adjusted net income totaled $134.1 million and adjusted diluted EPS was $1.66, up $0.11 linked-quarter. Adjusted pre-provision net revenue (TE) was $189.3 million, up $11.2 million, or 6%, from the prior quarter.
Balance-sheet expansion was led by OFB and commercial lending. Period-end loans were $26.5 billion, up $2.0 billion, or 8%, from June 30, 2026, including $1.7 billion acquired from OFB. Period-end deposits were $32.2 billion, up $2.5 billion, or 9%, including $1.9 billion acquired from OFB. Interest-bearing transaction and savings deposits rose $2.5 billion, or 19%, while interest-bearing public fund deposits declined $309.0 million, or 11%. Noninterest-bearing deposits were $10.6 billion and comprised 33% of total period-end deposits.
Net interest income (TE) increased $19.7 million, or 7%, from the second quarter to $314.9 million, and NIM (TE) expanded 5 bps to 3.61%. The stated NIM drivers were OFB purchase accounting accretion, favorable other borrowings, and earning-asset yield and mix, partly offset by higher deposit costs. Noninterest income was $107.0 million, down $1.4 million from the second quarter. Service charges rose $1.2 million, while trust fees, investment and annuity income and insurance fees, and secondary mortgage operations declined linked-quarter.
Expense and capital absorbed the acquisition impact. Noninterest expense was $262.0 million, up $36.6 million, or 16%, linked-quarter, including $29.4 million of OFB acquisition supplemental disclosure items and $5.8 million of post-acquisition OFB expense. The efficiency ratio nevertheless improved to 54.46% from 55.31%. Common stockholders' equity was $4.2 billion, down $209.8 million, or 5%, from June 30, 2026; estimated CET1 was 11.53% and the tangible common equity ratio was 8.05%.
Credit indicators were mixed. Criticized commercial loans declined $6.7 million to $485.3 million, or 2.29% of total commercial loans, and annualized net charge-offs remained 0.16% of average loans. However, nonaccrual loans increased to $133.3 million, or 0.50% of total loans, from $113.7 million, or 0.46%, in the second quarter. The ACL was $375.8 million, up $27.8 million, or 8%, with the ACL-to-period-end-loans ratio unchanged at 1.42%. The release provided no forward financial guidance.
Management, verbatim
Profitability remains strong with adjusted EPS of $1.66, up 7% from prior quarter, adjusted ROA of 1.41%, and an improved efficiency ratio of 54.46%.
John M. Hairston, President & CEO
We delivered strong loan and deposit growth, while NIM expanded 5 basis points to 3.61%.
John M. Hairston, President & CEO
As 2026 draws to a close, we remain committed to executing on our organic growth plan and maintaining operational efficiency and a strong capital position.
John M. Hairston, President & CEO
Not in the filing
stated, not guessed- Forward guidance for revenue, net interest margin, expenses, tax rate, loan growth, deposit growth, provision for credit losses, capital ratios, dividends or repurchases was not provided.
- Previous-release outlook was not provided.
- Gross margin is not reported.
- Operating income is not reported.
- Operating cash flow is not reported.
- Investing cash flow is not reported.
- Financing cash flow is not reported.
- Free cash flow is not reported.
- Cash and cash equivalents balance is not reported.
- Reportable operating segments and segment revenue are not reported.
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure is checked against the filing text, and a metric the filing does not print, or whose value, prior period and change do not add up, is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Hancock Whitney Corp (NASDAQ:HWC) filed a Form 8‑K reporting its Q3 2026 results, including the recent One Florida Bank acquisition.
Ticker impact
Q3 2026 earnings release showing EPS $1.36, down from $1.55 QoQ and a $30.4M acquisition charge.
likely downward pressure as market prices in lower EPS and integration costs
The press release is the first disclosure of the quarter's results, with EPS below the prior quarter and a sizable charge, which typically triggers a sell-off.
Market effects
Banking sector may see modest pressure as peers compare acquisition integration costs.
U.S. regional banks could face heightened scrutiny on M&A integration risk.
Limited to U.S. financial stocks; no broader macro impact.
Counterpoint
If the acquisition adds long‑term loan growth, the short‑term earnings dip could be a buying opportunity.
Key entities
- companyHancock Whitney Corp
U.S. regional bank reporting Q3 2026 earnings.
- companyOne Florida Bank (OFB Bancshares)
Acquired by Hancock Whitney on Aug. 1, 2026.
