Hancock Whitney Corporation announced its financial results for the third quarter ended September 30, 2026, reporting a net income of $110.1 million, or $1.36 per diluted common share. This represents a decrease from the second quarter of 2026, when net income was $127.0 million, or $1.55 per diluted share. The company reported adjusted net income of $134.1 million, or $1.66 per diluted share for the third quarter, which is an increase of $0.11 from the linked quarter. Adjusted pre-provision net revenue (PPNR) totaled $189.3 million, up $11.2 million, or 6%, from the prior quarter.
The results were impacted by the acquisition of OFB Bancshares, Inc., which closed on August 1, 2026. The company reported a pretax charge of $30.4 million, or $0.30 per share, related to supplemental disclosure items from the acquisition. Excluding these items, EPS would have been $1.66. Total loans at September 30, 2026, were $26.5 billion, an increase of $2.0 billion, or 8%, from June 30, 2026. This growth included $1.7 billion in loans acquired from OFB. Total deposits at September 30, 2026, were $32.2 billion, up $2.5 billion, or 9%, from June 30, 2026, including $1.9 billion in deposits acquired from OFB.
Asset quality metrics showed criticized commercial loans decreased to $485.3 million, or 2.29% of total commercial loans, while nonaccrual loans increased to $133.3 million, or 0.50% of total loans. The total allowance for credit losses (ACL) was $375.8 million, representing a coverage ratio of 1.42%. Net interest income (TE) for the third quarter was $314.9 million, an increase of $19.7 million, or 7%, from the second quarter. The net interest margin (NIM) (TE) was 3.61%, up 5 basis points from the prior quarter.
Capital ratios decreased in the quarter. The company reported a common equity tier 1 (CET1) ratio estimated at 11.53%, down 166 basis points from the prior quarter, and a tangible common equity (TCE) ratio of 8.05%, down 173 basis points. During the quarter, Hancock Whitney repurchased one million shares of its common stock at an average price of $77.91 per share. The company will host a conference call to discuss these results at 3:30 p.m. Central Time on October 20, 2026.
