Hancock Whitney Q2 2026: Net Income Rebounds to $127M, One Florida Bank Acquisition Closes
HWC sits 43% above its 52-week low of $54.05.
Summary
Hancock Whitney reported Q2 2026 net income of $127 million ($1.55/share), up from a Q1 loss, with strong loan and deposit growth, stable credit, and a higher net interest margin. The One Florida Bank acquisition closed on August 1, 2026.
Key Events · Earnings and Guidance · HWC
-
Q2 2026 Net Income Rebounds
Net income of $127.0 million, or $1.55 per diluted share, compared to a Q1 2026 loss of $47.4 million ($0.57/share) that included a $98.6 million securities portfolio restructuring loss. Q2 2025 net income was $113.5 million ($1.32/share).
-
Loan and Deposit Growth
Period-end loans grew $588.3 million (2%) from Q1 2026 to $24.6 billion, driven by commercial lending. Deposits increased $547.6 million (2%) to $29.6 billion, with growth in transaction and savings accounts.
-
Net Interest Margin Improves
Net interest margin (taxable equivalent) was 3.56%, up 1 basis point from Q1 2026, benefiting from higher securities yields following the portfolio restructuring and lower deposit costs.
-
Credit Quality Remains Stable
Allowance for credit losses to total loans was 1.42%, down 1 bp from Q1 2026. Annualized net charge-offs were 0.16% of average loans, down from 0.19% in Q1 2026. Nonaccrual loans were 0.46% of total loans.
Analysis · HWC · Finance
A clean second quarter saw Hancock Whitney deliver net income of $127 million, or $1.55 per share, rebounding sharply from a Q1 loss driven by a securities portfolio restructuring. Loan and deposit growth were solid, credit metrics stable, and the net interest margin ticked higher. The quarter also featured aggressive share buybacks and the subsequent completion of the One Florida Bank acquisition, which expands the franchise into the high-growth Orlando market. The results confirm the bank's earnings power and strategic momentum, though capital ratios declined modestly due to buybacks.
At the time of this filing, HWC was trading at $77.35 on NASDAQ in the Finance sector, with a market capitalization of approximately $6.3B. The 52-week trading range was $54.05 to $79.36. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.