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Hancock Whitney Reports Second Quarter 2026 EPS of $1.55

HWC
  • Hancock Whitney Corporation reported second quarter 2026 net income of $127.0 million ($1.55 per diluted share), an increase from $47.4 million ($0.57 per share) in the first quarter 2026.
  • The first quarter 2026 included a $98.6 million pretax charge for a securities portfolio restructure loss, while the second quarter 2026 had no such supplemental disclosure items.
  • Adjusted pre-provision net revenue totaled $178.1 million, a 3% increase from the prior quarter.
  • Total loans increased $588 million to $24.6 billion, representing 10% linked quarter annualized growth driven by C\&I lending, healthcare, and commercial real estate.
  • Total deposits rose $548 million to $29.6 billion, or 8% linked quarter annualized, primarily due to growth in interest-bearing transactions and savings.
  • Criticized commercial loans decreased to $492 million, while nonaccrual loans remained virtually flat at $113.7 million.
  • The allowance for credit losses coverage ratio was 1.42%, and annualized net charge-offs were 0.16% of average loans.
  • Net interest margin was 3.56%, up 1 basis point from the prior quarter, supported by higher investment portfolio yields and lower deposit costs.
  • Capital ratios included a CET1 ratio of 13.18%, a TCE ratio of 9.78%, and a total risk-based capital ratio of 14.97%.
  • The efficiency ratio improved to 55.31% from 55.43% in the first quarter.
  • The company announced the acquisition of One Florida Bank with an expected closing date of August 1, 2026.
  • Hancock Whitney repurchased 712,966 shares of common stock in the second quarter at an average price of $68.28 per share.
  • Personnel expenses increased to $130.2 million due to annual merit increases and the hiring of 15 net new bankers.
  • Noninterest income totaled $108.4 million, a significant increase from the first quarter's $7.5 million, driven by the absence of the prior quarter's securities loss.
  • The effective income tax rate for the quarter was 21.7%, compared to 19.3% in the first quarter.