Hancock Whitney Reports Q3 2026 EPS of $1.36, Adjusted EPS of $1.66
21 Oct 2026 · 10h ago
Summary
Hancock Whitney Corporation announced its financial results for the third quarter of 2026, reporting net income of $110.1 million, or $1.36 per diluted share. The results include a pretax charge of $30.4 million related to the acquisition of OFB Bancshares, Inc. Excluding these items, adjusted EPS was $1.66, a 7% increase from the previous quarter. The company saw strong loan and deposit growth, with total loans reaching $26.5 billion and total deposits reaching $32.2 billion. Net interest margin improved to 3.61%, and the efficiency ratio decreased to 54.46%.
Key Highlights
- 1
Net income for the third quarter of 2026 totaled $110.1 million, or $1.36 per diluted common share.
- 2
Excluding acquisition-related supplemental disclosure items, adjusted EPS was $1.66, up $0.11 or 7% linked-quarter.
- 3
Adjusted pre-provision net revenue (PPNR) totaled $189.3 million, an increase of $11.2 million, or 6%, from the prior quarter.
- 4
Total loans increased by $2.0 billion to $26.5 billion, driven by the acquisition of OFB and organic growth.
- 5
Total deposits increased by $2.5 billion to $32.2 billion, also reflecting the OFB acquisition and organic growth.
- 6
Net interest margin (NIM) expanded 5 basis points to 3.61% compared to the prior quarter.
- 7
The efficiency ratio improved to 54.46%, down 85 basis points linked-quarter.
Management Comments
John M. Hairston
We are pleased to share another quarter of solid results for the third quarter of 2026. 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%. We delivered strong loan and deposit growth, while NIM expanded 5 basis points to 3.61%. Our criticized loan levels decreased during the quarter and our ACL remains robust at 1.42%. On August 1, we were pleased to welcome new colleagues and clients through the acquisition of One Florida Bank. 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.
Informational and educational content only. Not investment advice.