Hancock Whitney (HWC) investor relations material

Executive summary

• Net income for Q2 2026 was $127.0 million ($1.55 per diluted share), up from $47.4 million ($0.57 per share) in Q1 2026 and $113.5 million ($1.32 per share) in Q2 2025, reflecting strong profitability and growth in loans and deposits.

• Adjusted pre-provision net revenue reached $178.1 million, up 3% sequentially, with efficiency ratio improving to 55.31%.

• Loans grew by $588 million (10% LQA) and deposits increased by $548 million (8% LQA) compared to the prior quarter.

• Asset quality remained resilient with criticized commercial loans down and nonaccrual loans virtually flat.

• Acquisition of One Florida Bank (OFB) completed August 1, 2026, expected to be immediately accretive to EPS and expand presence in Florida.

Financial highlights

• Net interest income (taxable equivalent) for Q2 2026 was $295.2 million, up $7.7 million from Q1 2026 and $15.7 million year-over-year.

• Net interest margin for Q2 2026 was 3.56%, up 1 bp sequentially and 7 bps year-over-year.

• Noninterest income for Q2 2026 was $108.4 million, up $100.9 million from Q1 2026 due to the absence of a $98.6 million securities restructuring loss.

• Noninterest expense for Q2 2026 was $225.4 million, up 2% sequentially and 6% year-over-year, mainly from merit increases and new hires.

• Efficiency ratio held steady at 55.31%.

Outlook and guidance

• FY26 guidance (excluding OFB): mid-single digit end-of-period loan and deposit growth, NII up 5.5%-6.5%, adjusted noninterest income up 6%-7%, and efficiency ratio expected below 55%.

• For 2H 2026 including OFB: loans and deposits expected up low double digits, net interest income up 8–9%, fee income up 6–7%, operating expenses up 7.5–8.5%, PPNR up 7–8%.

• Net charge-offs projected between 0.15%-0.25% for FY26.

• NIM expected flat to slightly up; deposit costs to rise about 10 basis points in 2H 2026.

• Cost savings from OFB to be fully realized by 2027; no meaningful revenue synergies from OFB included in guidance.