Hancock Whitney Corporation reported a net income of $127.0 million for the second quarter of 2026, translating to earnings of $1.55 per diluted share. This marks an increase from $47.4 million, or $0.57 per diluted share, in the first quarter of 2026, and a rise from $113.5 million, or $1.32 per diluted share, in the same quarter of the previous year. The company's net interest income for the quarter was $295.2 million, up 3% from the prior quarter, driven by loan growth and a restructuring of the securities portfolio that enhanced yields. For the first half of 2026, net interest income totaled $582.8 million, reflecting a 6% increase compared to the same period in 2025.
Total loans at the end of June 2026 reached $24.6 billion, an increase of $588.3 million, or 2%, from the previous quarter and $621.7 million, or 3%, from December 31, 2025. The growth was primarily attributed to increases in commercial non-real estate and healthcare lending. Deposits also rose to $29.6 billion, up $547.6 million, or 2%, from the first quarter of 2026, with a notable increase in transaction and savings deposits. The allowance for credit losses stood at $348.0 million, reflecting a modest increase from the previous quarter, with a coverage ratio of 1.42% of total loans.
Strategically, Hancock Whitney completed a significant restructuring of its available-for-sale securities portfolio in January 2026, selling $1.5 billion in lower-yielding securities and reinvesting the proceeds into higher-yielding options. This move is expected to enhance net interest income by approximately $23.8 million annually. Additionally, the company announced the acquisition of OFB Bancshares, Inc., which was finalized on August 1, 2026, expanding its footprint in the high-growth Orlando market.
Operationally, the company reported a total employee headcount of 3,674 as of June 30, 2026, reflecting a net increase of 15 new bankers in the second quarter. The efficiency ratio improved to 55.31%, indicating better cost management relative to revenue generation. Looking ahead, Hancock Whitney remains optimistic about its growth trajectory, bolstered by its recent acquisition and ongoing investments in its banking operations, despite the challenges posed by the current 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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