Hancock Whitney Corporation reported a net income of $47.4 million for the first quarter of 2026, translating to earnings of $0.57 per diluted share. This marks a significant decline from the $119.5 million, or $1.38 per diluted share, reported in the same quarter of the previous year. The decrease in profitability is largely attributed to a $98.6 million pre-tax loss from the restructuring of the available-for-sale securities portfolio, which was executed to enhance future net interest income. In comparison, the company’s net income for the fourth quarter of 2025 was $125.6 million, or $1.49 per diluted share.
Total interest income for the first quarter of 2026 was $401.4 million, an increase from $395.3 million in the first quarter of 2025, while interest expense decreased to $116.2 million from $125.4 million year-over-year. This resulted in a net interest income of $285.2 million, up from $269.9 million in the prior year. The net interest margin improved to 3.55%, reflecting a 7 basis point increase from the previous quarter, driven by a favorable shift in the yield on securities following the portfolio restructuring. The company’s total loans reached $24.0 billion, a slight increase of $33.4 million from the previous quarter, while total deposits decreased by $197.6 million to $29.1 billion.
Operationally, Hancock Whitney continued to expand its workforce, adding 27 net new bankers and opening a new financial center, which aligns with its organic growth strategy. The company’s allowance for credit losses stood at $343.7 million, representing 1.43% of total loans, unchanged from the previous quarter. The company reported an annualized net charge-off rate of 0.19%, a slight decrease from 0.22% in the prior quarter, indicating stable credit quality metrics.
Looking ahead, Hancock Whitney remains cautious amid ongoing economic uncertainties, including geopolitical tensions and inflationary pressures. The company is closely monitoring its credit portfolio and has adjusted its economic outlook based on forecasts from Moody’s Analytics, weighing a baseline scenario at 40% and a downside scenario at 60% in its credit loss calculations. The management anticipates that the restructuring of its securities portfolio will contribute positively to net interest income in the coming quarters, despite the current challenges in the economic environment.
About HANCOCK WHITNEY CORP
Hancock Whitney Corporation is a financial holding company providing banking, trust, and investment services primarily in the Gulf South and southeastern U.S. markets. Its core activities include retail and commercial banking, wealth management, and equipment finance. The company offers deposit products, loans, trust and investment management, and brokerage services, focusing on relationship-based banking, community engagement, and technological innovation to serve consumers, small businesses, and corporate clients.
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