Hancock Whitney (HWC) Q3 2026 Earnings Call: Margin Expansion, Deposit Growth and Updated Guidance
Source Tradingkey
Key Takeaways
- Hancock Whitney Corporation reported Q3 2026 adjusted net income of $134 million, or $1.66 per share, up from $127 million, or $1.55 per share, in Q2.
- Excluding One Florida Bank acquisition expenses, pre-provision net revenue rose 6% sequentially to $189 million and 8% year over year. Adjusted EPS increased 17% year over year.
- Net interest margin expanded 5 basis points to 3.61%. Purchase accounting accretion contributed 4 basis points, while higher loan and securities yields also supported results.
- Excluding One Florida, loans grew at a 4% annualized rate and deposits increased at a 9% annualized rate. Management maintained its full-year low-double-digit growth outlook for both loans and deposits.
- Asset quality remained broadly stable. Criticized commercial loans declined for a seventh consecutive quarter, but nonaccrual loans increased by $19 million to $133 million.
- Tangible common equity fell to 8.05%, prompting management to indicate that further 2026 share repurchases will likely pause until the interest-rate outlook becomes clearer.
Core Financial Data
| Metric | Q3 2026 result | Change or context |
|---|---|---|
| Adjusted net income | $134 million | Q2 net income was $127 million |
| Adjusted EPS | $1.66 | $1.55 in Q2; up 17% year over year |
| Adjusted PPNR | $189 million | Up 6% sequentially and 8% year over year |
| Net interest income | — | Up 7% sequentially |
| Net interest margin | 3.61% | Up 5 basis points from 3.56% |
| Adjusted ROA | 1.41% | Management-reported adjusted return |
| Efficiency ratio | 54.46% | Management-reported result |
| ROTCE | 16.4% | Management-reported result |
| Deposit cost | 1.55% | Up 12 basis points sequentially |
| Criticized commercial loans | $485 million | Down $7 million; seventh consecutive quarterly improvement |
| Nonaccrual loans | $133 million | Up $19 million |
| Net charge-offs | 16 basis points | Flat sequentially |
| Allowance for credit losses | 1.42% of loans | Management described coverage as solid |
| Tangible common equity ratio | 8.05% | Down 173 basis points sequentially |
| Common Equity Tier 1 ratio | 11.53% | OCI does not affect this measure |
Business and Operating Performance
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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