HANCOCK WHITNEY CORP (HWC) Form 10-Q — Aug 6, 2026

$HWCForm 10-QFiled Aug 6, 2026, 7:08 PM ET0001193125-26-338672Original filing

Hancock Whitney reported second quarter 2026 net income of $127.0 million, or $1.55 per diluted common share, up from $113.5 million, or $1.32 per diluted share, a year earlier. The sharp rebound from Q1 2026's $47.4 million reflects the absence of the one-time $98.5 million pre-tax loss on the January securities portfolio restructuring, which sold $1.5 billion of low-yield bonds and reinvested at 4.35%. The balance sheet grew on both sides: period-end loans rose 2% linked-quarter to $24.6 billion and deposits rose 2% to $29.6 billion, while net interest margin edged up to 3.56%.

Key figures

Eps: $1.55 diluted (Q2 2026); $2.12 diluted (six months 2026)
Revenue: $403.6 million (Q2 2026 total revenue, taxable-equivalent basis)
Net Income: $127.0 million (Q2 2026); $174.4 million (six months 2026)
Shares Outstanding: 80223058
Loans: $24.6 billion, up $588.3 million or 2% linked-quarter and 3% from December 31, 2025
Deposits: $29.6 billion, up $547.6 million or 2% linked-quarter
Cet1 Ratio: 13.19%
Total Assets: $36.3 billion at June 30, 2026
Ofb Total Assets: $2.1 billion (OFB Bancshares at June 30, 2026); loans $1.7 billion; deposits $1.8 billion
Efficiency Ratio: 55.31%
Nonaccrual Loans: $113.7 million, 0.46% of loans
Book Value Per Share: $55.23
Net Charge Off Ratio: 0.16% annualized (vs 0.19% in Q1 2026)
Net Interest Margin: 3.56%, up 1 bp from Q1 2026
Short Term Borrowings: $950 million FHLB advances and $620.6 million repos at June 30, 2026
Ytd Share Repurchases: 2.1 million shares at average cost of $67.82 per share; 712,966 shares in Q2 2026; ~4.1 million shares authorized through December 31, 2026
Short Term Investments: $515.1 million
Securities Restructuring: $1.5 billion amortized cost sold at 2.49% yield; $1.4 billion reinvested at 4.35%; $98.5 million pre-tax loss with ~50-month payback; expected +$23.8 million annual net interest income and +7 bps NIM
Allowance For Credit Losses: $348.0 million, 1.42% of loans
Criticized Commercial Loans: $492.0 million, down 6% from Q1 2026
Quarterly Dividend Per Share: $0.50 (up from $0.45 a year ago)
Tangible Book Value Per Share: $42.95
Tangible Common Equity Ratio: 9.78%
Total Risk Based Capital Ratio: 14.98%
Fdic Special Assessment Expensed: $27.6 million to date

Price after filing

1 day: +0.3%7 days: +2.6%30 days: -2.0%

Close on the filing date to close N calendar days later (from $77.35). Historical, not a forecast.

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