Hancock Whitney Corporation · NASDAQ:HWC
Hancock Whitney — Q4 2025 Earnings Presentation
38 slides from Hancock Whitney's earnings presentation, Jan 20, 2026
Slide 1: Fourth Quarter 2025 Earnings Conference Call
Fourth Quarter 2025 Earnings Conference Call 1/20/2026 HANCOCK WHITNEY
Slide 2: Important cautionary statement about forward-looking statements
Important cautionary statement about forward-looking statements This presentation contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we ma
Slide 3: Non-GAAP Reconciliations & Glossary of Terms
Non-GAAP Reconciliations & Glossary of Terms Throughout this presentation we may use non-GAAP numbers to supplement the evaluation of our performance. The items noted below with an asterisk, "*", are considered non-GAAP. These non-GAAP financial measures should not be considered alternatives to GAAP
Slide 4: Corporate Profile
Corporate Profile $35.5 billion in Total Assets (Healthcare) $24.0 billion in Total Loans (ABL) (Trust) (Operations) $29.3 billion in Total Deposits 13.66% CET1 Ratio* 10.06% TCE Ratio $5.2 billion in Market Cap Baa2 180 221 Moody’s banking locations ATMs Long-term issuer rating; stable outlook BBB
Slide 5: How we do business
How we do business Our Mission. Our Purpose. Our Promise to Associates. Each day, we reaffirm our We work hard to create We honor and respect mission to help people achieve opportunities for people and associates with a heartfelt their financial goals and the communities we serve, our promise: You c
Slide 6: HWC Strong and Stable for More Than 125 Years
HWC Strong and Stable for More Than 125 Years ► Strength to manage through challenging economic environments ► Density in resilient deposit markets ► Stable, seasoned, diversified deposits; ability to organically grow deposits ► Top quartile capital levels including all unrealized losses ► Ability t
Slide 7: First Quarter 2026 Bond Portfolio Restructuring
First Quarter 2026 Bond Portfolio Restructuring ► $1.5 billion in bonds sold at yields of 2.49% ► $98.5 million pretax charge, or impact of $0.93 on EPS* and 26 bps on CET1* ► $1.4 billion in proceeds reinvested in bonds at a yield of 4.35% ► Estimated earn back period of 50 months ► Restructure tra
Slide 8: Multi-Year Organic Growth Plan
Multi-Year Organic Growth Plan Revenue Producers Facility Expansion ► Plan initiated in 2024 to hire additional wholesale, ► Five additional financial center locations in the Dallas MSA business, and wealth management revenue producers ► One location opened in 4Q25; the remainder will open in ► Larg
Slide 9: Fourth Quarter 2025 Highlights
Fourth Quarter 2025 Highlights ► Net income totaled $125.6 million, or $1.49 per diluted ($s in millions; except per share data) 4Q25 3Q25 4Q24 share, compared to $127.5 million, or $1.49 per diluted share in 3Q25 Net income $125.6 $127.5 $122.1 ► Adjusted Pre-Provision Net Revenue (PPNR)* totaled P
Slide 10: 2025 Highlights
2025 Highlights ► Net income of $486.1 million, or $5.67 per diluted ($s in millions; except per share data) 2025 2024 share, compared to $460.8 million, or $5.28 per diluted share, in 2024 Net income $486.1 $460.8 ─ Supplemental disclosure items in 2025 results include a Provision for credit losses
Slide 11: Loan Growth Driven By Strong Production
Loan Growth Driven By Strong Production ► Loans totaled $24.0 billion, up $362 million, or 6% $26,250 Quarter-Over-Quarter Waterfall by Activity Type LQA $288 $1,573 – Growth driven by strong Healthcare production, increased $24,750 $473 ICRE activity, and continued growth in Equipment Finance $ in
Slide 12: Loan Portfolio Composition Diversified and De-Risked
Loan Portfolio Composition Diversified and De-Risked ► Loan portfolio diverse across a number of Total Loans % of Total ($s in millions) Outstanding Loans Commitment segments and industries Commercial non-RE (C&I) $7,462 31.1% $13,315 ► Conservative underwriting in both type and CRE – owner 2,699 11
Slide 13: Strong Deposit Growth Linked-Quarter
Strong Deposit Growth Linked-Quarter ► Total deposits of $29.3 billion, up $620 million, or 9% LQA EOP Deposits Mix ($) – Noninterest-bearing DDA increased $70 million, related to an increase 35,000 in public funds DDA of $191 million in 4Q25 partially offset by lower 30,000 balances in other DDA ac
Slide 14: Continued Resilient and Improved Asset Quality
Continued Resilient and Improved Asset Quality $700 3.47% 3.35% $600 3.15% 3.01% 2.88% $500 $400 $300 $200 0.45% 0.40% 0.48% 0.45% $100 0.42% $0 4Q24 1Q25 2Q25 3Q25 4Q25 Total Loans $23,299 $23,098 $23,462 $23,597 $23,958 Total Commercial Loans 17,968 17,735 18,057 18,234 18,601 Criticized Commercia
Slide 15: Maintained Solid Reserves
Maintained Solid Reserves ► Provision for the fourth quarter of 2025 of $13.1 million, Reserve Build / reflects $13.0 million of net charge-offs and a reserve Net Charge-offs (Release) Total Provision build of $0.1 million – Quarter-end reserve coverage solid at 1.43%, compared to ($s in millions) 4
Slide 16: Portfolio Reinvestment Drives Yield Increase
Portfolio Reinvestment Drives Yield Increase ► Securities portfolio* totaled $8.5 billion at 12/31/25, up $74 million linked-quarter Securities Portfolio* Mix 12/31/2025 ► 75% AFS, 25% HTM at 12/31/25 $s in millions Munis ► $398 million in notional FV hedges are designated $703 on $432 million in bo
Slide 17: NIM Stable Linked-Quarter
NIM Stable Linked-Quarter ► 4Q25 NIM 3.48%, down 1 bp from 3Q25 3.70% – NIM 3.51% for the month of December 2025 0.02% 0.07% 3.50% ► NII (TE) of $284.7 million, up 1% compared to $282.3 0.10% million in the prior quarter 3.30% − Increase in NII primarily driven by higher securities yields, 3.10% 3.4
Slide 18: Key IRR Metrics
Key IRR Metrics Loans ► Loans totaled $24.0 billion at December 31, 2025 –41% fixed, 59% variable (includes hybrid ARMs) – 73% of variable loans tied to SOFR – 23% of variable loans tied to Wall Street Journal Prime – 4% of variable loans tied to other indices ► Approximately 5% ($552 million) of th
Slide 19: Continued Fee Income Growth
Continued Fee Income Growth $120 $0.4 $2.2 $0.4 $0.2 $100 $0.2 $1.9 $80 $s in millions $106.0 $107.1 $60 $40 $20 $0 3Q25 Noninterest Service charges Bank card & Investment & Trust fees Secondary Other 4Q25 Noninterest Income on deposit accounts ATM fees annuity income mortgage Income and insurance f
Slide 20: Expenses Remain Well-Controlled
Expenses Remain Well-Controlled $225 $0.1 $0.5 $0.4 $0.8 $3.5 $200 $s in millions $175 $212.8 $217.9 $150 $125 $100 3Q25 Noninterest Personnel Occupancy and Amortization of ORE/OFA Other (net) 4Q25 Noninterest Expense expense Equipment intangibles expenses Expense Noninterest Expense Mix 4Q25 ► Noni
Slide 21: Capital Deployed Through Share Repurchase Program
Capital Deployed Through Share Repurchase Program ► CET1 ratio estimated at 13.66%, down 43 bps linked- CET1 Ratio and quarter Tangible Tier 1 Risked- Total Common Equity Leverage Based Capital Risk-Based ► Leverage (Tier 1) ratio estimated at 11.17%, down 29 bps Ratio Ratio Ratio Capital Ratio link
Slide 22: 2026 Forward Guidance
2026 Forward Guidance 2025 FY 2026 Actual Outlook Loans (EOP) $24.0B Expect EOP loans at 12/31/26 to be up mid single digits from 12/31/25 levels Deposits (EOP) $29.3B Expect EOP deposits at 12/31/26 to be up low single digits from 12/31/25 levels Expect NII (te) to be up between 5%-6% from FY25; ex
Slide 23: Appendix and Non-GAAP Reconciliations
Appendix and Non-GAAP Reconciliations Appendix and Non-GAAP Reconciliations CHANCOCK WHITNEY
Slide 24: Summary Balance Sheet ($ in millions)
Summary Balance Sheet ($ in millions) Change Change 4Q25 3Q25 4Q24 LQ Prior Year YTD 2025 YTD 2024 Y-o-Y EOP Balance Sheet 23,958.4 23,596.6 23,299.4 361.8 659.0 Loans 23,958.4 23,299.4 659.0 8,094.8 7,991.3 7,597.2 103.5 497.6 Securities 8,094.8 7,597.2 497.6 32,218.7 32,532.3 31,857.8 (313.6) 360.
Slide 25: Balance Sheet Summary
Balance Sheet Summary Average Loans Average Securities* Average Deposits ($s in billions) ($s in billions) ($s in billions) $25 $11 $32 $23.7 $24 $23.4 $10 $23.2 $23.1 $23.2 $30 $29.1 $28.8 $28.8 $28.6 $28.5 $23 $9 $8.4 $8.5 $8.3 $8.2 $8.3 $28 $22 $8 $26 $21 $7 $20 $6 $24 4Q24 1Q25 2Q25 3Q25 4Q25 4Q
Slide 26: Year-Over-Year Loan Growth
Year-Over-Year Loan Growth ► Loans totaled $24.0 billion, up $659 million, or 3% $30,750 Year-Over-Year Waterfall by Activity Type year-over-year $29,250 $856 – Strong growth driven by strong CRE-owner and ICRE $4,897 $27,750 production and continued growth in Equipment Finance $1,541 $ in millions
Slide 27: ICRE Segmentation Detail and Key Metrics
ICRE Segmentation Detail and Key Metrics ► ICRE loan portfolio is diversified by asset class, Total Loans % of Total industry and geographic region ($s in millions) Outstanding Loans Commitment Multifamily $1,108 4.6% $1,123 ► ICRE 18% of total loans and includes a variety of Retail 759 3.2% 787 col
Slide 28: EOP Loan Repricing and Maturity
EOP Loan Repricing and Maturity Repricing/Maturity Term (1) Rate Structure 3 months 4-12 Over 15 Total Loans Variable Fixed 1-3 Years 3-5 Years 5-15 Years ($s in millions) or less months Years (EOP) Rate Rate Commercial Non-RE $6,144 $351 $886 $1,333 $1,045 $50 $9,809 $6,186 $3,623 CRE-Owner 1,144 7
Slide 29: Total Loan Rates and Yield Trends
Total Loan Rates and Yield Trends Total Loans Fixed Loans Variable Loans Total Loan Yield (2) Total New Loan Rate (3) $30,000 8.20% 7.80% 7.81% $25,000 7.40% 7.07% 7.00% $20,000 7.06% 6.78% 6.78% 6.60% 6.26% $ in millions 6.27% $15,000 6.02% 6.20% 5.84% 5.86% 5.87% 5.75% 5.80% $14,021 $13,810 $13,55
Slide 30: Maintaining a Seasoned, Stable, Diversified Deposit Base
Maintaining a Seasoned, Stable, Diversified Deposit Base ► DDA as a % of total deposits remains strong at 35% at December 31, 2025 ► Uninsured deposits (adjusted for collateralized public funds) were 38.6% at December 31, 2025, compared to 39.2% at EOP Deposits by Line of Business September 30, 2025
Slide 31: Strong Liquidity Position; Multiple Sources of Funding Available
Strong Liquidity Position; Multiple Sources of Funding Available ▶ Currently have approximately $19.8 billion in internal At December 31, 2025 Total Amount Net and external sources of liquidity if needed $ in millions Sources Used Availability ▶ Approximately $18.2 billion in remaining net liquidity
Slide 32: Summary Income Statement ($ in millions, except for per share data)
Summary Income Statement ($ in millions, except for per share data) Change Change 4Q25 3Q25 4Q24 LQ Prior Year YTD 2025 YTD 2024 Y-o-Y 284.7 282.3 276.3 2.4 8.4 Net interest income (TE) 1,119.2 1,093.0 26.2 13.1 12.7 11.9 0.4 1.2 Provision for credit losses 51.2 52.2 (1.0) 107.1 106.0 91.2 1.1 15.9
Slide 33: Income Statement Summary (as Adjusted*)
Income Statement Summary (as Adjusted*) Adjusted PPNR* Net Interest Income (TE) Net Interest Margin (TE) ($s in millions) $175.6 ($s in millions) $180 $174.0 $320 3.75% $167.9 $170 $165.2 $300 3.60% $162.4 $282.3 $284.7 3.49% 3.49% 3.48% $276.3 $279.5 3.43% $272.7 3.41% $160 $280 3.45% $150 $260 3.3
Slide 34: Current Hedge Positions
Current Hedge Positions Cash Flow (CF) Hedges ► Receive 265 bps versus paying 1-month SOFR on $1.8 billion ► Two additional hedges were executed while no terminations were made during the fourth quarter of 2025 ► Total termination value on remaining active CF hedges is approximately ($14) million as
Slide 35: PPNR (TE) and Adjusted PPNR (TE) Reconciliation
PPNR (TE) and Adjusted PPNR (TE) Reconciliation Three Months Ended Twelve Months Ended (in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 2025 2024 Net Income (GAAP) $125,572 $127,466 $113,531 $119,504 $122,074 $486,073 $460,815 Provision for credit losses 13,145 12,651 14,925 10,462 11,912 51,183 52,167 Incom
Slide 36: Adjusted Efficiency Ratio
Adjusted Efficiency Ratio Three Months Ended Twelve Months Ended (in thousands) 4Q25 3Q25 2Q25 1Q25 4Q24 2025 2024 Net interest income $282,170 $279,738 $276,959 $269,905 $273,556 $1,108,772 $1,081,921 Noninterest income 107,131 106,001 98,524 94,791 91,209 406,447 364,129 Total GAAP revenue 389,301
Slide 37: Adjusted Earnings Per Share - Diluted Adjusted ROA and ROTCE
Adjusted Earnings Per Share - Diluted Twelve Months Ended (in thousands) 2025 2024 Net Income (GAAP) 486,073 $460,815 Net income allocated to participating securities (2,042) (3,027) Net income available to common shareholders $484,031 $457,788 Supplemental disclosure items, net of income tax* 4,670
Slide 38: Fourth Quarter 2025 Earnings Conference Call
Fourth Quarter 2025 Earnings Conference Call 1/20/2026 HANCOCK WHITNEY