Hancock Whitney : 2026 Q1 Release and Financial Tables
HWC
Published on 04/21/2026 at 04:04 pm EDT
FOR IMMEDIATE RELEASE
April 21, 2026
For more information
Kathryn Shrout Mistich, SVP, Investor Relations Manager 504.539.7836 or [email protected]
Hancock Whitney reports first quarter 2026 EPS of $0.57
GULFPORT, Miss. (April 21, 2026) - Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the first quarter of 2026. Net income for the first quarter of 2026 totaled $47.4 million, or $0.57 per diluted common share (EPS), compared to $125.6 million, or $1.49 per diluted common share, in the fourth quarter of 2025. The first quarter of 2026 included a pretax charge of $98.6 million, or $0.95 per share, of a supplemental disclosure item related to a net loss on the securities portfolio restructure. Excluding the impact of the supplemental disclosure item, EPS would be $1.52, up $0.03 linked-quarter. The company reported net income for the first quarter of 2025 of $119.5 million, or $1.38 per diluted common share. There were no supplemental disclosure items in the first or fourth quarters of 2025.
First Quarter 2026 Highlights
Net income totaled $47.4 million, or $0.57 per diluted share, compared to $125.6 million, or $1.49 per diluted share in the fourth quarter of 2025
Adjusted pre-provision net revenue (PPNR) totaled $172.9 million, compared to $174.0 million in the prior quarter
Loans increased $33 million, or 1% linked quarter annualized (LQA)
Deposits decreased $198 million, or 3% LQA
Criticized commercial loans decreased and nonaccrual loans increased
ACL coverage solid at 1.43%
NIM of 3.55%, up 7 bps from the prior quarter
CET1 ratio estimated at 13.30%, down 35 bps linked-quarter; TCE ratio of 9.93%, down 13 bps linked-quarter; total risk-based capital ratio estimated at 15.10%, down 35 bps linked-quarter
Efficiency ratio of 55.43%, compared to 54.93% in the prior quarter
"The first quarter of 2026 was a solid start to the year," said John M. Hairston, President & CEO. "Our diluted earnings per share, adjusted for the supplemental disclosure item, was $1.52, up from $1.49 in prior quarter. Profitability remains strong, with adjusted ROA of 1.43%, an efficiency ratio of 55.43%, and solid fee income and well-controlled expenses. With a focus on sustainable long-term organic balance sheet growth, we continue to invest in revenue-generating activities, including hiring 27 net new bankers in the first quarter. NIM grew 7 basis points to 3.55%, largely due to the completion of our bond portfolio restructuring and lower costs of funds, which more than offset the impact of lower loan yields in this rate environment. We started 2026 by proactively returning capital to shareholders through repurchasing 1.4 million shares of our common stock and the 11% increase in our common stock dividend to $0.50 per share. With a solid capital stack, we believe we are well-positioned for continued organic growth and proactive capital management in the remainder of 2026."
Loans
Total loans were $24.0 billion at March 31, 2026, up $33.4 million, or less than 1%, from December 31, 2025. Loan growth was driven primarily by an increase in commercial real estate across multiple products and continued growth in equipment finance.
Average loans totaled $24.0 billion for the first quarter of 2026, up $250.2 million, or 1%, linked-quarter. For 2026, we expect year-over-year mid-single digit end of period loan growth.
Deposits
Total deposits at March 31, 2026 were $29.1 billion, down $197.6 million, or 1%, from December 31, 2025.
Noninterest-bearing DDAs totaled $10.3 billion at March 31, 2026, down $30.1 million, or less than 1%, from December 31, 2025, and comprised 36% of total period-end deposits. The linked-quarter decrease in noninterest-bearing DDAs was related to a decrease in public funds DDAs of $75.5 million in the first quarter of 2026 due to seasonal outflows, partially offset by an increase of $45.4 million in non-public funds DDAs.
Interest-bearing transaction and savings deposits totaled $12.2 billion at the end of the first quarter of 2026, up $261.2 million, or 2%, linked-quarter. This increase was due to competitive products and pricing.
Compared to December 31, 2025, retail time deposits of $3.6 billion were down $148.7 million, or 4%, driven by maturity concentration and promotional rate reductions during the first quarter of 2026. Interest-bearing public fund deposits decreased $280.0 million, or 9%, linked-quarter, totaling $2.9 billion at March 31, 2026. The decrease in interest-bearing public funds was driven by seasonal outflows.
Average deposits for the first quarter of 2026 were $28.8 billion, up $18.2 million, or 1%, linked-quarter. Management expects 2026 period-end deposits to be up low-single digits from December 31, 2025 levels.
Asset Quality
The total allowance for credit losses (ACL) was $343.7 million at March 31, 2026, up $2.0 million from December 31, 2025. During the first quarter of 2026, the company recorded a provision for credit losses of $13.2 million, compared to $13.1 million in the fourth quarter of 2025. There were $11.1 million of net charge-offs in the first quarter of 2026, or 0.19% of average total loans on an annualized basis, compared to net charge-offs of $13.0 million, or 0.22% of average total loans in the fourth quarter of 2025. The ratio of ACL to period-end loans was 1.43% at March 31, 2026, unchanged compared to December 31, 2025.
Criticized commercial loans totaled $522.2 million, or 2.79% of total commercial loans, at March 31, 2026, down $13.2 million from $535.4 million, or 2.88% of total commercial loans, at December 31, 2025. Nonaccrual loans totaled $113.3 million, or 0.47% of total loans, at March 31, 2026, compared to $106.9 million, or 0.45% of total loans, at December 31, 2025. ORE and foreclosed assets were $11.3 million at March 31, 2026, down
$3.5 million, or 24%, from $14.8 million at December 31, 2025.
Net Interest Income and Net Interest Margin (NIM) (TE)
Net interest income (TE) for the first quarter of 2026 was $287.6 million, an increase of $2.9 million, or 1%, from the fourth quarter of 2025. The net interest margin (NIM) (TE) was 3.55% in the first quarter of 2026, up 7
bps linked-quarter, driven by higher securities yields (+5 bps), and lower cost of funds (+8 bps), partially offset by lower loan yields (-6 bps).
Average earning assets were $32.7 billion for the first quarter of 2026, up $100.5 million, or less than 1%, from the fourth quarter of 2025.
Noninterest Income
Noninterest income totaled $7.5 million for the first quarter of 2026, compared to $107.1 million in the fourth quarter of 2025. Included in noninterest income in the first quarter of 2026 was a supplemental disclosure item of a ($98.6) million loss in connection with a securities portfolio restructuring. There were no supplemental disclosure items related to noninterest income in the fourth quarter of 2025. Adjusting for this item, noninterest income for the first quarter of 2026 totaled $106.1 million, down $1.0 million, or 1% linked-quarter.
Service charges on deposits were up $0.3 million, or 1%, from the fourth quarter of 2025. Bank card and ATM fees were up $0.5 million, or 2%, from the fourth quarter of 2025.
Investment and annuity income and insurance fees were down $0.1 million, or 1%, linked-quarter. Trust fees were down $0.1 million, or less than 1%, linked-quarter. Fees from secondary mortgage operations totaled $3.5 million for the first quarter of 2026, down $0.2 million, or 4%, linked-quarter.
Securities transactions, net was a loss of $98.6 million, resulting from a securities portfolio restructuring identified as a supplemental disclosure item. Other noninterest income was $17.4 million in the first quarter of 2026, down $1.6 million, or 9%, from the fourth quarter of 2025. The decrease in other noninterest income was primarily due to lower SBIC and derivative income, partially offset by higher syndication fees and SBA income.
Noninterest Expense & Taxes
Noninterest expense totaled $220.7 million, up $2.9 million, or 1% linked-quarter.
Personnel expense totaled $127.1 million in the first quarter of 2026, up $4.6 million, or 4%, linked-quarter due to seasonal increases in payroll taxes and benefits.
Net occupancy and equipment expense totaled $17.3 million in the first quarter of 2026, down $1.3 million, or 7%, from the fourth quarter of 2025. Amortization of intangibles totaled $2.5 million for the first quarter of 2026, down $0.1 million, or 3%, linked-quarter.
Net expense on ORE and other foreclosed assets totaled $0.5 million in the first quarter of 2026, virtually unchanged from the fourth quarter of 2025.
Other expenses totaled $73.3 million in the first quarter of 2026, down $0.3 million, or less than 1%, linked-quarter.
The effective income tax rate for the first quarter of 2026 was 19.3%, compared to 20.7% in the fourth quarter of 2025.
Capital
Common stockholders' equity at March 31, 2026 totaled $4.4 billion, down $40.5 million, or 1%, from December 31, 2025. The tangible common equity (TCE) ratio was 9.93%, down 13 bps linked-quarter. The company's CET1 ratio is estimated to be 13.30% at March 31, 2026, down 35 bps linked-quarter. Total risk-based capital ratio is estimated to be 15.10% at March 31, 2026, down 35 bps linked-quarter.
During the first quarter of 2026, the company repurchased 1.4 million shares of its common stock at an average price of $67.55 per share. This stock repurchase is pursuant to the company's share buyback program (which authorizes the repurchase of up to 5%, or approximately 4.1 million shares, of the company's outstanding common stock), which expires on December 31, 2026.
Conference Call and Slide Presentation
Management will host a conference call for analysts and investors at 3:30 p.m. Central Time on Tuesday, April 21, 2026 to review first quarter of 2026 results. A live listen-only webcast of the call will be available under the Investor Relations section of Hancock Whitney's website at investors.hancockwhitney.com. A link to the release with additional financial tables, and a link to a slide presentation related to first quarter 2026 results are also posted as part of the webcast link. To participate in the Q&A portion of the call, dial 800-715-9871 or 646-307-1963, access code 8545141.
An audio archive of the conference call will be available under the Investor Relations section of our website. A replay of the call will also be available through April 28, 2026 by dialing 800-770-2030 or 609-800-9909, access code 8545141.
About Hancock Whitney
Since the late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; and mortgage services. The company also operates combined loan and deposit production offices in the greater metropolitan areas of Nashville, Tennessee, and Atlanta, Georgia. More information is available at https://www.hancockwhitney.com.
Non-GAAP Financial Measures
This news release includes non-GAAP financial measures to describe Hancock Whitney's performance. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. The reconciliations of those measures to GAAP measures are provided either in the financial tables or in Appendix A thereto.
Consistent with the provisions of subpart 229.1400 of the Securities and Exchange Commission's Regulation S-K, "Disclosures by Bank and Savings and Loan Registrants," the company presents net interest income, net interest margin and efficiency ratios on a fully taxable equivalent ("TE") basis. The TE basis adjusts for the tax-favored status of net interest income from certain loans and investments using the statutory federal tax rate to increase tax-exempt interest income to a taxable equivalent basis. The company believes this measure to be the
preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.
The company presents certain additional non-GAAP financial measures to assist the reader with a better understanding of the company's performance period over period, as well as to provide investors with assistance in understanding the success management has experienced in executing its strategic initiatives. The company highlights certain items that are outside of our principal business and/or are not indicative of forward-looking trends in supplemental disclosures items below our GAAP financial data and presents certain "Adjusted" ratios that exclude these disclosed items. These adjusted ratios provide management or the reader with a measure that may be more indicative of forward-looking trends in our business, as well as demonstrates the effects of significant gains or losses and changes.
We define Adjusted Pre-Provision Net Revenue as net income excluding provision expense and income tax expense, plus the taxable equivalent adjustment (as defined above), less supplemental disclosure items (as defined above). Management believes that adjusted pre-provision net revenue is a useful financial measure because it enables investors and others to assess the company's ability to generate capital to cover credit losses through a credit cycle. We define Adjusted Revenue as net interest income (te) and noninterest income less supplemental disclosure items. We define Adjusted Noninterest Expense as noninterest expense less supplemental disclosure items. We define our Efficiency Ratio as noninterest expense to total net interest income (te) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items, if applicable. Management believes adjusted revenue, adjusted noninterest expense and the efficiency ratio are useful measures as they provide a greater understanding of ongoing operations and enhance comparability with prior periods.
Important Cautionary Statement about Forward-Looking Statements
This release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit losses, capital levels, deposits (including growth, pricing, and betas), investment portfolio, other sources of liquidity, loan growth expectations, management's predictions about charge-offs for loans, the impact of current and future economic conditions, including the effects of declines in the real estate market, tariffs or trade wars (including reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), high unemployment, inflationary pressures, increasing insurance costs, fluctuations in interest rates, including the impact of changes in interest rates on our financial projections, models and guidance and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing, general economic business conditions in our local markets, Federal Reserve action with respect to interest rates, the effects of war or other conflicts, acts of terrorism, climate change, the impact of natural or man-made disasters, the adequacy of our enterprise risk management framework, potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings, assessments, and enforcement actions, as well as the impact of negative developments affecting the banking industry and the resulting media coverage; the potential impact of current or future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, success of revenue-generating and cost reduction initiatives, the potential impact of
third-party business combinations in our footprint on our performance and financial condition, the effectiveness of derivative financial instruments and hedging activities to manage risks, projected tax rates, increased cybersecurity risks, including potential business disruptions or financial losses, and the impact of artificial intelligence on our business operations, the adequacy of our internal controls over financial and non-financial reporting, the impact of changes in U.S. laws or policies, including those related to credit card interest rates, the financial impact of regulatory requirements and tax reform legislation, deposit trends, credit quality trends, net interest margin trends, future expense levels, future profitability, supplemental disclosure items, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts and expected returns. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words "believes," "expects," "anticipates," "estimates," "intends," "plans," "forecast," "goals," "targets," "initiatives," "focus," "potentially," "probably," "projects," "outlook," or similar expressions or future conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.
Forward-looking statements are subject to significant risks and uncertainties. Any forward-looking statement made in this release is subject to the safe harbor protections set forth in the Private Securities Litigation Reform Act of 1995. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, and in other periodic reports that we file with the SEC.
Three Months Ended
(dollars and common share data in thousands, except per share amounts)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
NET INCOME
Net interest income
$ 285,165 $
282,170 $
279,738 $
276,959 $
269,905
Net interest income (TE) (a) 287,566 284,675 282,309 279,455 272,711
Provision for credit losses 13,172 13,145 12,651 14,925 10,462
Noninterest income 7,482 107,131 106,001 98,524 94,791
Noninterest expense 220,748 217,850 212,753 215,979 205,059
305.26%
329.94%
276.20%
287.95%
274.67%
1.49%
1.45%
1.45%
1.43%
1.43%
80.23%
81.15%
82.22%
82.30%
83.11%
25.79%
26.07%
27.30%
27.34%
2.54%
10.01%
9.84%
10.01%
10.06%
9.93%
11.59%
10.63%
11.58%
11.28%
4.31%
52.45
57.40
62.61
63.68
63.59
61.57
58.24 $
64.66 $
67.10 $
75.43 $
$
86,033
85,351
84,711
82,259
81,152
39.40
39.46
41.07
42.16
42.26
0.45
0.45
0.45
0.45
0.50
28,752,416
28,649,900
28,492,076
28,816,539
28,834,747
34,355,515
34,527,276
34,751,209
35,227,286
35,420,096
8,241,514
8,271,777
8,383,771
8,484,162
8,265,682
29,194,733
29,046,612
28,659,750
29,279,774
29,082,134
34,750,680
35,212,652
35,766,407
35,472,762
35,542,126
7,694,969
7,868,011
7,991,281
8,094,799
8,028,014
119,504
113,531 $
127,466 $
125,572 $
47,422 $
$
FTE headcount 3,658 3,627 3,603 3,580 3,497
Annualized net charge-offs to average loans 0.19% 0.22% 0.19% 0.31% 0.18%
Allowance for loan losses as a percentage of period-end loans 1.30% 1.28% 1.33% 1.33% 1.38%
Efficiency ratio (d) 55.43% 54.93% 54.10% 54.91% 55.22%
Net interest margin (TE) 3.55% 3.48% 3.49% 3.49% 3.43%
Return on average tangible common equity 5.54% 14.55% 15.00% 13.71% 14.72%
Return on average assets 0.54% 1.41% 1.46% 1.32% 1.41%
Trading volume 53,673 55,269 51,077 43,450 41,692
Low sales price 59.97 54.05 56.87 43.90 49.46
Market data
Weighted average number of shares - diluted 82,261 83,791 85,453 85,943 86,462
Book value per share (period-end) 54.46 54.22 52.82 51.15 49.73
Earnings per share - diluted $ 0.57 $ 1.49 $ 1.49 $ 1.32 $ 1.38
Common stockholders' equity 4,461,827 4,417,711 4,368,746 4,284,279 4,182,814
Noninterest-bearing deposits 10,033,006 10,165,806 10,121,707 10,317,446 10,163,221
Earning assets 32,698,837 32,598,315 32,213,632 32,081,140 32,023,885
Loans $ 23,965,993 $ 23,715,763 $ 23,425,895 $ 23,249,241 $ 23,068,573
Common stockholders' equity 4,419,592 4,460,117 4,474,479 4,365,419 4,278,672
Noninterest-bearing deposits 10,344,878 10,374,991 10,305,303 10,638,785 10,614,874
Earning assets 32,306,650 32,218,663 32,532,320 31,965,130 31,661,169
Loans $ 23,991,840 $ 23,958,440 $ 23,596,565 $ 23,461,750 $ 23,098,146
Sabal Trust Company acquisition expense $ - $ - $ - $ 5,911 $ -
Loss on securities portfolio restructure $ 98,595 $ - $ - $ - $ -
Supplemental disclosure items - included above, pre-tax
Income tax expense 11,305 32,734 32,869 31,048 29,671
Net income
Included in noninterest income
Included in noninterest expense
PERIOD-END BALANCE SHEET DATA
Securities
Total assets
Total deposits
AVERAGE BALANCE SHEET DATA
Securities (b)
Total assets
Total deposits
COMMON SHARE DATA
Cash dividends per share
Tangible book value per share (period-end)
Period-end number of shares
High sales price
Period-end closing price
PERFORMANCE RATIOS
Return on average common equity
Tangible common equity ratio (c)
Noninterest income as a percentage of total revenue (TE)
Average loan/deposit ratio
Allowance for credit losses as a percentage of period-end loans (e)
Allowance for loan losses as a % of nonaccrual loans
Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
Average securities does not include unrealized holding gains/losses on available for sale securities.
The tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets.
The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items noted above.
The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.
Three Months Ended
(in thousands, except per share data)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Interest income
$ 401,382 $ 407,698 $ 409,020 $ 402,581 $ 395,321
Interest expense 116,217 125,528 129,282 125,622 125,416
Provision for credit losses 13,172 13,145 12,651 14,925 10,462
Noninterest expense 220,748 217,850 212,753 215,979 205,059
Income tax expense 11,305 32,734 32,869 31,048 29,671
Net income $ 47,422 $ 125,572 $ 127,466 $ 113,531 $ 119,504
Income before income taxes 58,727 158,306 160,335 144,579 149,175
Noninterest income 7,482 107,131 106,001 98,524 94,791
Net interest income (TE) 287,566 284,675 282,309 279,455 272,711
Interest income (TE) (f) 403,783 410,203 411,591 405,077 398,127
NET INCOME
Included in noninterest income
Supplemental disclosure items - included above, pre-tax
Included in noninterest expense
Loss on securities portfolio restructure
$ 98,595 $ - $
- $ - $ -
Sabal Trust Company acquisition expense
$ - $
- $ - $
5,911 $ -
NONINTEREST INCOME
Service charges on deposit accounts
$ 25,902
$ 25,585
$ 25,220
$ 24,256
$ 24,119
Trust fees
24,574
24,644
24,211
22,753
18,022
Bank card and ATM fees
22,126
21,603
21,814
22,004
20,714
Investment and annuity fees and insurance commissions
12,572
12,637
14,507
10,603
11,415
Secondary mortgage market operations
3,529
3,679
3,475
4,147
3,468
Securties transactions, net
(98,595)
(11)
-
-
-
Other income
17,374
18,994
16,774
14,761
17,053
Total noninterest income
$ 7,482
$ 107,131
$ 106,001
$ 98,524
$ 94,791
NONINTEREST EXPENSE
Personnel expense
$ 127,148
$ 122,510
$ 122,022
$ 116,512
$ 114,347
Net occupancy and equipment expense
17,286
18,632
18,222
18,366
17,671
Other real estate and foreclosed assets expense (income), net
441
467
(337)
1,181
1,780
Other expense
73,325
73,619
70,152
77,396
69,148
Amortization of intangibles
2,548
2,622
2,694
2,524
2,113
Total noninterest expense
$ 220,748
$ 217,850
$ 212,753
$ 215,979
$ 205,059
COMMON SHARE DATA
Earnings per share:
Basic
$ 0.58
$ 1.51
$ 1.50
$ 1.32
$ 1.38
Diluted
0.57
1.49
1.49
1.32
1.38
Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(dollars in thousands) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025
ASSETS
Commercial non-real estate loans
$ 9,710,891 $
9,809,011 $
9,680,597 $
9,760,733 $
9,636,594
Commercial real estate - owner occupied loans 3,299,867 3,270,080 3,279,258 3,136,182 3,000,998
Total commercial and industrial loans 13,010,758 13,079,091 12,959,855 12,896,915 12,637,592
Commercial real estate - income producing loans 4,382,665 4,283,168 4,076,643 3,940,309 3,809,664
Construction and land development loans 1,320,224 1,239,086 1,197,305 1,219,514 1,287,919
Residential mortgage loans 3,950,154 4,016,917 4,027,600 4,057,307 4,025,145
Consumer loans 1,328,039 1,340,178 1,335,162 1,347,705 1,337,826
Total loans 23,991,840 23,958,440 23,596,565 23,461,750 23,098,146
Loans held for sale 63,090 33,158 33,161 30,760 26,596
Securities 8,028,014 8,094,799 7,991,281 7,868,011 7,694,969
Short-term investments 223,706 132,266 911,313 604,609 841,458
Earning assets 32,306,650 32,218,663 32,532,320 31,965,130 31,661,169
Allowance for loan losses (311,316) (307,731) (313,636) (313,189) (318,119)
Goodwill and other intangible assets 989,927 992,474 995,096 997,790 888,563
Other assets 2,556,865 2,569,356 2,552,627 2,562,921 2,519,067
Total assets
LIABILITIES
Noninterest-bearing deposits
$ 35,542,126 $
$ 10,344,878 $
35,472,762 $
10,374,991 $
35,766,407 $
10,305,303 $
35,212,652 $
10,638,785 $
34,750,680
10,614,874
Interest-bearing transaction and savings deposits 12,243,460 11,982,294 11,758,885 11,480,849 11,400,171
Interest-bearing public fund deposits 2,937,281 3,217,314 2,799,957 2,985,985 3,004,316
Time deposits 3,556,515 3,705,175 3,795,605 3,940,993 4,175,372
Total interest-bearing deposits 18,737,256 18,904,783 18,354,447 18,407,827 18,579,859
Total deposits 29,082,134 29,279,774 28,659,750 29,046,612 29,194,733
Short-term borrowings 1,360,451 1,017,292 1,891,520 1,044,927 542,780
Long-term debt 193,785 199,407 210,657 210,620 210,582
Other liabilities 486,164 516,172 530,001 545,074 523,913
Total liabilities 31,122,534 31,012,645 31,291,928 30,847,233 30,472,008
COMMON STOCKHOLDERS' EQUITY
Common stock net of treasury and capital surplus 1,703,176 1,800,732 1,943,187 1,976,208 2,008,987
Retained earnings 3,041,543 3,035,636 2,947,752 2,859,038 2,784,657
Accumulated other comprehensive (loss) (325,127) (376,251) (416,460) (469,827) (514,972)
Total common stockholders' equity 4,419,592 4,460,117 4,474,479 4,365,419 4,278,672
Total liabilities & stockholders' equity
$ 35,542,126 $
35,472,762 $
35,766,407 $
35,212,652 $
34,750,680
CAPITAL RATIOS
Tangible common equity
$ 3,429,665 $
3,467,643 $
3,479,383 $
3,367,629 $
3,390,109
Tier 1 capital (g) 3,783,387 3,872,490 3,923,725 3,864,727 3,931,841
Common equity as a percentage of total assets 12.43% 12.57% 12.51% 12.40% 12.31%
Tangible common equity ratio 9.93% 10.06% 10.01% 9.84% 10.01%
Leverage (Tier 1) ratio (g) 10.89% 11.17% 11.46% 11.35% 11.55%
Common equity tier 1 (CET1) ratio (g) 13.30% 13.65% 14.09% 13.97% 14.48%
Tier 1 risk-based capital ratio (g) 13.30% 13.65% 14.09% 13.97% 14.48%
Total risk-based capital ratio (g) 15.10% 15.45% 15.92% 15.82% 16.37%
Estimated for most recent period-end.
(in thousands) 3/31/2026 12/31/2025 3/31/2025
Commercial non-real estate loans
9,714,865 $
9,631,891
Commercial real estate - owner occupied loans 3,305,311 3,303,845 2,996,594
Residential mortgage loans 3,982,502 4,011,469 3,979,689
Consumer loans 1,332,094 1,328,115 1,350,668
Total loans
23,715,763
23,068,573
Securities (h)
8,484,162
8,241,514
Loans held for sale 27,698 34,618 20,532
Short-term investments 439,464 363,772 693,266
Earning assets
32,598,315
32,023,885
Goodwill and other intangible assets
993,742
889,590
Allowance for loan losses (311,173) (317,185) (322,711)
Other assets 2,041,266 1,952,414 1,764,751
Total assets
35,227,286 $
34,355,515
Noninterest-bearing deposits
10,165,806 $
10,163,221
Interest-bearing transaction and savings deposits 12,032,719 11,917,669 11,202,387
Interest-bearing public fund deposits 3,121,136 2,960,335 3,113,960
Time deposits 3,647,886 3,772,729 4,272,848
Total interest-bearing deposits
18,650,733
18,589,195
Short-term borrowings
1,244,936
635,804
Total deposits 28,834,747 28,816,539 28,752,416
Long-term debt 198,043 213,326 210,563
Other liabilities 497,329 534,774 573,918
Common stockholders' equity 4,461,827 4,417,711 4,182,814
Total liabilities & stockholders' equity
35,227,286 $
34,355,515
Average securities does not include unrealized holding gains/losses on available for sale securities.
HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY
(Unaudited)
Three Months Ended
3/31/2026
12/31/2025
3/31/2025
(dollars in millions)
Average Balance
Interest
Rate
Average Balance
Interest
Rate
Average Balance
Interest
Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i)
$ 18,651.4
$ 268.8
5.84%
$ 18,376.2
$ 277.3
5.99%
$ 17,738.2
$ 267.1
6.10%
Residential mortgage loans
3,982.5
40.1
4.03%
4,011.5
40.0
3.99%
3,979.7
38.8
3.90%
Consumer loans
1,332.1
24.9
7.57%
1,328.1
26.2
7.83%
1,350.7
27.6
8.28%
Loan fees & late charges
-
(1.0)
0.00%
-
(0.4)
0.00%
-
(0.3)
0.00%
Total loans (TE) (j)
23,966.0
332.8
5.62%
23,715.8
343.1
5.75%
23,068.6
333.2
5.84%
Loans held for sale
27.7
0.4
5.36%
34.6
0.5
6.17%
20.5
0.3
6.69%
US Treasury and government agency securities
643.7
5.2
3.23%
643.5
5.2
3.24%
588.7
4.4
3.00%
CMOs and mortgage backed securities
6,945.1
56.2
3.24%
7,108.3
52.4
2.95%
6,831.9
46.7
2.74%
Municipals (TE)
659.9
5.2
3.13%
714.6
5.3
3.00%
802.9
5.9
2.96%
Other securities
17.0
0.2
4.11%
17.7
0.2
3.87%
18.0
0.2
3.64%
Total securities (TE) (k)
8,265.7
66.8
3.23%
8,484.1
63.1
2.98%
8,241.5
57.2
2.78%
Total short-term investments
439.4
3.8
3.53%
363.8
3.5
3.78%
693.3
7.4
4.31%
Average earning assets yield (TE)
$ 32,698.8
$ 403.8
4.99%
$ 32,598.3
$ 410.2
5.00%
$ 32,023.9
$ 398.1
5.02%
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits
$ 12,032.7
$ 54.4
1.83%
$ 11,917.7
$ 60.0
2.00%
$ 11,202.4
$ 57.3
2.08%
Time deposits
3,647.9
30.0
3.34%
3,772.7
33.1
3.48%
4,272.8
40.0
3.79%
Public funds
3,121.1
20.0
2.60%
2,960.3
20.9
2.80%
3,114.0
23.2
3.03%
Total interest-bearing deposits
18,801.7
104.4
2.25%
18,650.7
114.0
2.42%
18,589.2
120.5
2.63%
Short-term borrowings
1,428.2
8.9
2.52%
1,245.0
8.8
2.80%
635.8
1.8
1.18%
Long-term debt
198.0
2.9
5.82%
213.3
2.7
5.21%
210.6
3.1
5.82%
Total borrowings
1,626.2
11.8
2.93%
1,458.3
11.5
3.15%
846.4
4.9
2.33%
Total interest-bearing liabilities cost
20,427.9
116.2
2.31%
20,109.0
125.5
2.48%
19,435.6
125.4
2.62%
Net interest-free funding sources
12,270.9
12,489.3
12,588.3
Total cost of funds
32,698.8
116.2
1.44%
32,598.3
125.5
1.53%
32,023.9
125.4
1.59%
Net Interest Spread (TE)
$ 287.6
2.68%
$ 284.7
2.53%
$ 272.7
2.41%
Net Interest Margin (TE)
$ 32,698.8
$ 287.6
3.55%
$ 32,598.3
$ 284.7
3.48%
$ 32,023.9
$ 272.7
3.43%
Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
Includes nonaccrual loans.
Average securities does not include unrealized holding gains/losses on available for sale securities.
(Unaudited)
Three Months Ended
(dollars in thousands) 3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Nonaccrual loans (l) $ 113,343
$ 106,870
$ 113,554
$ 94,922
$ 104,214
ORE and foreclosed assets 11,257
14,788
11,140
26,847
26,690
Total nonaccrual loans + ORE and foreclosed assets $ 124,600
$ 121,658
$ 124,694
$ 121,769
$ 130,904
Nonaccrual loans as a percentage of loans 0.47%
0.45%
0.48%
0.40%
0.45%
Nonaccrual loans + ORE and foreclosed assets as a % of loans, ORE and foreclosed
assets 0.52%
0.51%
0.53%
0.52%
0.57%
Accruing loans 90 days past due $ 29,885
$ 28,798
$ 24,576
$ 58,702
$ 15,593
Accruing loans 90 days past due as a percentage of loans 0.12%
0.12%
0.10%
0.25%
0.07%
Modified loans - still accruing $ 128,480
$ 124,527
$ 82,218
$ 62,234
$ 70,617
Modified loans - still accruing as a % of loans 0.54%
0.52%
0.35%
0.27%
0.31%
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for loan losses:
Beginning balance $ 307,731
$ 313,636
$ 313,189
$ 318,119
$ 318,882
Provision for loan losses 14,721
7,091
11,877
12,856
9,484
Charge-offs (13,393)
(17,109)
(15,736)
(22,328)
(13,293)
Recoveries 2,257
4,113
4,306
4,542
3,046
Net charge-offs (11,136)
(12,996)
(11,430)
(17,786)
(10,247)
Ending Balance $ 311,316
$ 307,731
$ 313,636
$ 313,189
$ 318,119
Reserve for unfunded lending commitments:
Beginning balance $ 33,928
$ 27,874
$ 27,100
$ 25,031
$ 24,053
Provision for losses on unfunded lending commitments (1,549)
6,054
774
2,069
978
Ending balance $ 32,379
$ 33,928
$ 27,874
$ 27,100
$ 25,031
Total allowance for credit losses $ 343,695
$ 341,659
$ 341,510
$ 340,289
$ 343,150
Total provision for credit losses $ 13,172
$ 13,145
$ 12,651
$ 14,925
$ 10,462
Allowance for loan losses as a percentage of period-end loans 1.30%
1.28%
1.33%
1.33%
1.38%
Allowance for credit losses as a percentage of period-end loans 1.43%
1.43%
1.45%
1.45%
1.49%
Allowance for loan losses as a % of nonaccrual loans 274.67%
287.95%
276.20%
329.94%
305.26%
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries)
Commercial & real estate loans $ 7,464
$ 10,112
$ 7,472
$ 14,704
$ 7,060
Residential mortgage loans 179
(76)
181
196
(220)
Consumer loans 3,493
2,960
3,777
2,886
3,407
Total net charge-offs $ 11,136
$ 12,996
$ 11,430
$ 17,786
$ 10,247
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans 0.16%
0.22%
0.16%
0.33%
0.16%
Residential mortgage loans 0.02%
(0.01)%
0.02%
0.02%
(0.02)%
Consumer loans 1.06%
0.88%
1.12%
0.87%
1.02%
Total net charge-offs as a percentage of average loans: 0.19%
0.22%
0.19%
0.31%
0.18%
AVERAGE LOANS
Commercial & real estate loans $ 18,651,397
$ 18,376,179
$ 18,041,177
$ 17,832,694
$ 17,738,216
Residential mortgage loans 3,982,502
4,011,469
4,052,310
4,081,987
3,979,689
Consumer loans 1,332,094
1,328,115
1,332,408
1,334,560
1,350,668
Total average loans $ 23,965,993
$ 23,715,763
$ 23,425,895
$ 23,249,241
$ 23,068,573
Included in nonaccrual loans are nonaccruing modified loans to borrowers experiencing financial difficulties totaling $6.9 million at March 31, 2026, $5.8 million at December 31, 2025, $9.3 million at September 30, 2025, $13.1 million at June 30, 2025, and $25.0 million at March 31, 2025.
(Unaudited)
PRE-PROVISION NET REVENUE (TE) AND ADJUSTED PRE-PROVISION NET REVENUE (TE)
Three Months Ended
(in thousands) 3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Net Income (GAAP) $ 47,422
$ 125,572
$ 127,466
$ 113,531
$ 119,504
Provision for credit losses 13,172
13,145
12,651
14,925
10,462
Income tax expense 11,305
32,734
32,869
31,048
29,671
Pre-provision net revenue 71,899
171,451
172,986
159,504
159,637
Taxable equivalent adjustment (m) 2,401
2,505
2,571
2,496
2,806
Pre-provision net revenue (TE) 74,300
173,956
175,557
162,000
162,443
Adjustments from supplemental disclosure items
Loss on securities portfolio restructure 98,595
-
-
-
-
Sabal Trust Company acquisition expense -
-
-
5,911
-
Adjusted pre-provision net revenue (TE) $ 172,895
$ 173,956
$ 175,557
$ 167,911
$ 162,443
REVENUE (TE), ADJUSTED REVENUE (TE) AND EFFICIENCY RATIO
Three Months Ended
(in thousands)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Net interest income
$ 285,165
$ 282,170
$ 279,738
$ 276,959
$ 269,905
Noninterest income
7,482
107,131
106,001
98,524
94,791
Total GAAP revenue
292,647
389,301
385,739
375,483
364,696
Taxable equivalent adjustment (m)
2,401
2,505
2,571
2,496
2,806
Total revenue (TE)
$ 295,048
$ 391,806
$ 388,310
$ 377,979
$ 367,502
Adjustments from supplemental disclosure items
Loss on securities portfolio restructure
98,595
-
-
-
-
Adjusted total revenue (TE)
$ 393,643
$ 391,806
$ 388,310
$ 377,979
$ 367,502
GAAP Noninterest expense
$ 220,748
$ 217,850
$ 212,753
$ 215,979
$ 205,059
Amortization of intangibles
(2,548)
(2,622)
(2,694)
(2,524)
(2,113)
Adjustments from supplemental disclosure items
Sabal Trust Company acquisition expense
-
-
-
(5,911)
-
Adjusted noninterest expense for efficiency
$ 218,200
$ 215,228
$ 210,059
$ 207,544
$ 202,946
Efficiency ratio (n)
55.43%
54.93%
54.10%
54.91%
55.22%
Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items noted above.
Disclaimer
Hancock Whitney Corporation published this content on April 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 21, 2026 at 20:03 UTC.