Hancock Whitney (HWC) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $127 million ($1.55 per share), up from $47.4 million ($0.57 per share) in Q1 2026, which included a $98.6 million pretax charge from securities portfolio restructuring; EPS up 13% year-over-year.

• Loans grew 5% year-over-year and $588 million (10% LQA) linked-quarter; deposits increased 2% year-over-year and $548 million (8% LQA) linked-quarter.

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

• Added 15 net new bankers in Q2, totaling 42 for the year toward a goal of 50.

• Regulatory and shareholder approval secured for One Florida Bank acquisition, closing August 1, 2026, with projected high single-digit EPS accretion and a four-year tangible book value earnback.

Financial highlights

• Net income was $127 million ($1.55 per share), up from $125 million ($1.52 per share) in Q1; adjusted PPNR was $178.1 million, up 3% sequentially.

• Net interest income (TE) rose to $295.2 million, up 3% from Q1 2026; net interest margin improved 1 bp to 3.56%.

• Noninterest income was $108.4 million, up sharply from $7.5 million in Q1 2026 due to absence of restructuring losses.

• Efficiency ratio held steady at 55.31%.

• Loan loss reserves at 1.42% of loans; net charge-offs at 16 basis points, down from 19 basis points last quarter.

Outlook and guidance

• Full-year loan growth guidance remains mid-single digits; deposit growth guidance raised to mid-single digits.

• 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%.

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

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

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