HANCOCK WHITNEY CORP

Hancock Whitney Corporation completed its acquisition of OFB Bancshares, Inc., parent company of One Florida Bank, effective August 1, 2026. The transaction involved a cash consideration of approximately $377.6 million for OFB Bancshares common stock and stock options. A systems conversion for the acquired entity is anticipated in the fourth quarter of 2026.

Hancock Whitney Corporation announced strong financial results for the second quarter of 2026, with net income reaching $127.0 million, or $1.55 per diluted share, a significant increase from the previous quarter. The company reported robust organic growth with loans up 10% and deposits up 8% on a linked-quarter annualized basis. Asset quality remained solid, and the company also announced the acquisition of One Florida Bank, expected to close on August 1.

Hancock Whitney Corporation announced it received regulatory approval from the Federal Reserve, FDIC, and Mississippi Department of Banking and Consumer Finance for its proposed acquisition of OFB Bancshares, Inc., parent company of One Florida Bank. Additionally, OFB Bancshares shareholders approved the merger agreement. The acquisition, initially announced on May 15, 2026, is expected to close around August 1, 2026, pending customary closing conditions.

Hancock Whitney Corporation has entered into a definitive Agreement and Plan of Merger to acquire OFB Bancshares, Inc. for $29.273 per share in cash. The transaction, approved by both companies' boards, will involve a two-step merger of OFB Bancshares into a Hancock Whitney subsidiary, followed by the merger of One Florida Bank into Hancock Whitney Bank. The completion of the merger is contingent upon regulatory approvals and the approval of OFB Bancshares' shareholders, with a significant portion of shareholders already committed to voting in favor.