Hancock Whitney Corporation reported a net income of $127.5 million for the third quarter of 2025, translating to earnings of $1.49 per diluted share. This marks an increase from $115.6 million, or $1.33 per diluted share, in the same quarter of the previous year. The company's net interest income for the quarter was $282.3 million, up 1% from the previous quarter, while total interest income reached $409 million, a decrease from $429.5 million year-over-year. The decline in interest income was attributed to lower loan yields and average balances, despite increases in securities yields.
Compared to the previous fiscal period, Hancock Whitney's total assets increased to $35.8 billion from $35.1 billion at the end of 2024. The company's loan portfolio grew to $23.6 billion, up 1% from the previous quarter and 1.3% year-over-year. However, total deposits decreased to $28.7 billion, down 1% from the previous quarter and 3% from the end of 2024, primarily due to seasonal fluctuations in public funds and retail time deposit maturities. The allowance for credit losses was $341.5 million, reflecting a slight increase from the previous quarter.
Strategically, Hancock Whitney completed the acquisition of Sabal Trust Company on May 2, 2025, enhancing its investment management and trust business in Central Florida. The acquisition added approximately $3 billion in assets under management and administration. The company incurred $5.9 million in acquisition-related costs during the reporting period, which were included in noninterest expenses. The integration of Sabal is expected to bolster the company's market share in high-growth areas.
Operationally, the bank's efficiency ratio improved to 54.10%, down from 54.91% in the previous quarter, indicating enhanced operational efficiency. The company reported a total headcount of 3,603 employees, reflecting a focus on maintaining a stable workforce amid ongoing economic challenges. The net charge-off ratio decreased to 0.19%, down from 0.31% in the previous quarter, suggesting improved credit quality. The company continues to monitor its loan portfolio closely, particularly in light of economic uncertainties and potential impacts on credit quality.
Looking ahead, Hancock Whitney's management remains cautious about the economic environment, particularly regarding inflation and interest rate fluctuations. The company is utilizing economic forecasts from Moody's Analytics to guide its strategic decisions and credit loss calculations. The outlook includes potential interest rate cuts by the Federal Reserve and a gradual increase in unemployment rates, which could impact loan demand and credit quality. Despite these challenges, Hancock Whitney aims to continue executing its growth strategy while managing risks effectively.
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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