Hancock Whitney to acquire Trustmark in an all‑stock transaction valued at about $3.2 billion
Hancock Whitney (HWC) announced an all‑stock acquisition of Trustmark (TRMK) worth roughly $3.2 billion, based on HWC’s closing price on 11 Nov 2026. Trustmark shareholders will receive 0.7463 HWC shares for each Trustmark share, creating a combined bank with about $58 billion in assets. The deal is subject to shareholder and regulatory approvals and is expected to close in the first quarter of 2027. HWC projects a 7 % earnings‑per‑share increase by 2028, offset by a 7 % dilution of book value.
Why it matters
The transaction will dilute HWC’s book value by about 7 % while lifting EPS by 7 % by 2028, according to the company. The announcement triggered a 10.18 % pre‑market drop in HWC shares and a 1.14 % rise in TRMK shares.
Key facts
- 1Deal value is approximately $3.2 billion, based on HWC’s November 11 2026 closing price. tradingview.com
- 2Trustmark shareholders will receive 0.7463 HWC shares for each Trustmark share. tradingview.com
- 3The combined entity will hold roughly $58 billion in assets. tradingview.com
- 4HWC expects a 7 % EPS boost by 2028. tradingview.com
- 5The transaction is projected to dilute book value by 7 %. tradingview.com
- 6HWC shares fell 10.18 % in pre‑market trading after the announcement; TRMK shares rose 1.14 %. seekingalpha.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.