Hancock Whitney (HWC) Q3 2026 earnings summary

Executive summary

• Q3 net income was $110.1M, or $1.36 diluted EPS; adjusted net income was $134.1M, or $1.66 adjusted EPS, excluding $30.4M of OFB acquisition items.

• Adjusted EPS rose 7% QoQ; adjusted PPNR increased 6% QoQ to $189.3M, and the adjusted efficiency ratio improved to 54.46%.

• OFB closed Aug. 1; including acquired balances, loans reached $26.5B and deposits $32.2B, while ex-acquisition loans and deposits grew 4% and 9% annualized.

Financial highlights

• Net interest income (TE) was $314.9M, up 7% QoQ; GAAP net interest income was $313.1M.

• Noninterest income was $107.0M, down $1.4M QoQ; noninterest expense was $262.0M, including $29.4M of OFB acquisition expense and $5.8M of post-acquisition expense.

• Adjusted PPNR was $189.3M versus $178.1M QoQ; provision for credit losses was $16.1M versus $13.8M.

• Reported diluted EPS was $1.36 versus $1.55 in Q2 and $1.49 in Q3 2025; adjusted EPS was $1.66 versus $1.55 in Q2.

• 9M net income was $284.4M versus $360.5M; 9M net interest income (TE) was $897.7M, up 8% YoY.

Outlook and guidance

• FY26 loan and deposit growth outlook remained low double digits YoY; Q4 loans were expected up mid-single digits and deposits up upper-single digits QoQ.

• FY26 net interest income (TE) growth guidance was 9%–9.5%, with double-digit NIM expansion; assumptions included one 25-bp Q4 rate hike.

• FY26 adjusted noninterest income growth was guided to 5.5%–6%; adjusted expense and PPNR growth were each guided to 8%–8.5%.

• FY26 net charge-offs were expected at 0.15%–0.25% of average loans; the effective tax rate outlook was ~21.5% and the efficiency ratio was expected below 55%.

• Full OFB integration and systems conversion were expected to finish in Q4 2026; organic growth, operating efficiency and a strong capital position remained priorities.