Hancock Whitney Corp.: Q3 FY2026 earnings call

What management said about Q3 FY2026, from the documents filed with the SEC on 20 October 2026: press release. Guidance figures: 1 kept. The quarter’s numbers.

Read the filing

Key takeaways

• Diluted EPS was $1.36: Net income was $110.1 million, or $1.36 diluted EPS, down from $127.0 million, or $1.55, in the second quarter of 2026. Source
• Adjusted EPS excluded acquisition items: Adjusted EPS was $1.66, up $0.11 linked-quarter, and adjusted net income was $134.1 million. Source
• Loans rose $2.0 billion: Total loans reached $26.5 billion. Acquired OFB loans supplied $1.7 billion of the increase; the rest came from commercial real estate and equipment finance. Source
• Deposits rose $2.5 billion: Total deposits reached $32.2 billion, including $1.9 billion acquired from OFB. Interest-bearing transaction and savings deposits rose 19%, including $1.2 billion from OFB. Source
• Net interest margin widened: NIM (TE) was 3.61%. OFB accretion added 4 bps, other borrowings 1 bp, and earning asset yield and mix 8 bps; higher deposit cost subtracted 8 bps. Source
• Noninterest expense rose 16%: Results include acquisition-related expense and post-acquisition OFB expense, detailed in the One Florida Bank section. Source
• Nonaccrual loans increased: ORE and foreclosed assets fell $2.0 million, or 15%, to $10.9 million at period end. Source
• OFB acquisition charges excluded: Pretax supplemental disclosure items were recorded in the quarter; the company excludes them from adjusted results. Source

“We are pleased to share another quarter of solid results for the third quarter of 2026,”

John M. Hairston, President & CEO

Guidance

What changed from last quarter

• New: The One Florida Bank acquisition closed on August 1, 2026, after the prior release said closing was expected on that date. Source

Earnings and profitability

• Diluted EPS was $1.36: Net income was $110.1 million, or $1.36 diluted EPS, down from $127.0 million, or $1.55, in the second quarter of 2026. Source
• Adjusted EPS excluded acquisition items: Adjusted EPS was $1.66, up $0.11 linked-quarter, and adjusted net income was $134.1 million. Source
• Adjusted PPNR rose 6%: Adjusted pre-provision net revenue (TE) was $189.3 million. Management says the measure shows the company's ability to generate capital to cover credit losses through a credit cycle. Source
• Effective tax rate rose: The effective income tax rate was 22.5%, compared with 21.7% in the second quarter. Source

Loans and deposits

• Loans rose $2.0 billion: Total loans reached $26.5 billion. Acquired OFB loans supplied $1.7 billion of the increase; the rest came from commercial real estate and equipment finance. Source
• Deposits rose $2.5 billion: Total deposits reached $32.2 billion, including $1.9 billion acquired from OFB. Interest-bearing transaction and savings deposits rose 19%, including $1.2 billion from OFB. Source
• Public fund deposits declined: Interest-bearing public fund deposits fell 11%, mostly on seasonal outflows from legacy public funds. Retail time deposits rose $174.2 million, including $203.0 million from OFB. Source
• Average balances grew: Average deposits were $30.9 billion; average loans were $25.8 billion, up 6% linked-quarter. Source

“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

Net interest income and margin

• Net interest income rose 7%: Interest income was $446.8 million and interest expense was $133.7 million in the quarter. Source
• Net interest margin widened: NIM (TE) was 3.61%. OFB accretion added 4 bps, other borrowings 1 bp, and earning asset yield and mix 8 bps; higher deposit cost subtracted 8 bps. Source
• Average earning assets grew: Average earning assets were $34.8 billion, while average securities were essentially flat from the second quarter at $8.28 billion. Source

Noninterest income

• Noninterest income dipped $1.4 million: Service charges on deposit accounts and other income rose, while bank card and ATM fees fell 1%. Source
• Mortgage fees fell 30%: Secondary mortgage fees were $2.9 million; the company attributed the decline to the current rate environment. Source
• Trust and investment fees declined: Trust fees fell 4%, partly on seasonality, and investment and annuity fees and insurance commissions fell 5%. Source

Noninterest expense and headcount

• Noninterest expense rose 16%: Results include acquisition-related expense and post-acquisition OFB expense, detailed in the One Florida Bank section. Source
• Personnel expense rose 11%: Personnel costs totaled $144.8 million; after OFB items, the remaining increase reflected new hires under the organic growth plan. Source
• Other expense rose 26%: Other expense was $93.7 million, against $74.5 million in the second quarter. Source
• FTE headcount increased this quarter: Full-time-equivalent staff stood at 3,803 at September 30, up from 3,674 at June 30. Source

Asset quality and credit

• Provision rose with an OFB item: Provision for credit losses was $16.1 million, against $13.8 million in the second quarter; $1.0 million was an OFB unfunded-commitment item. Source
• Allowance grew with purchase accounting: Total allowance for credit losses reached $375.8 million; the allowance to period-end loans stayed at 1.42%. Source
• Criticized commercial loans fell: Criticized commercial loans were 2.29% of commercial loans, down from 2.55% in the second quarter. Source
• Nonaccrual loans increased: ORE and foreclosed assets fell $2.0 million, or 15%, to $10.9 million at period end. Source
• Net charge-offs held at 0.16%: Net charge-offs were $10.2 million, against $9.4 million in the second quarter; the ratio matched. Source

Capital and shareholder returns

• Common equity fell $209.8 million: Accumulated other comprehensive loss widened to $554.4 million, from $345.4 million at June 30. Source
• Tangible common equity ratio fell: Tangible book value per share was $37.83, down from $42.95 at June 30. Source
• One million shares repurchased: Average repurchase price was $77.91. Shares repurchased under the program since inception total 3,112,966. Source
• Cash dividend held at $0.50: Cash dividends were $0.50 per share, against $0.45 a year earlier. Source

One Florida Bank acquisition

• OFB acquisition charges excluded: Pretax supplemental disclosure items were recorded in the quarter; the company excludes them from adjusted results. Source
• Personnel items tied to OFB: Within personnel expense, acquisition items and OFB post-acquisition costs are shown separately. Source
• Other expense acquisition items: Other expense also carried acquisition items and OFB post-acquisition costs. Source
• OFB noninterest income after closing: OFB contributed noninterest income in its post-acquisition period, included in total noninterest income. Source

Figures management reported

Earlier plans management reported on

• Not stated: The prior release said management would continue executing the organic growth plan through the rest of 2026.

Other quarters

• Q2 FY2026 earnings call
• Q1 FY2026 earnings call
• Q4 FY2025 earnings call
• Q3 FY2025 results

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.