Hancock Whitney Corporation · NASDAQ:HWC
Hancock Whitney — Q3 2026 Earnings Presentation
35 slides from Hancock Whitney's earnings presentation, Oct 20, 2026
Slide 1: Third Quarter 2026 Earnings Conference Call
Third Quarter 2026 Earnings Conference Call 10/20/2026 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 $38.6 billion in Total Assets (Healthcare) $26.5 billion in Total Loans (ABL) (Trust) (Operations) $32.2 billion in Total Deposits 11.53% CET1 Ratio* 8.05% TCE Ratio $5.7 billion in Market Cap Baa2 189 224 Moody’s banking locations ATMs Long-term issuer rating; stable outlook BBB A
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 126 Years
HWC Strong and Stable for more than 126 Years ► Strength to manage through challenging economic environments ► Density in resilient deposit markets ► Stable, seasoned, diversified deposits; ability to organically grow deposits ► Solid capital levels including all unrealized losses ► Ability to retur
Slide 7: Third Quarter 2026 Highlights
Third Quarter 2026 Highlights ► Net income totaled $110.1 million, or $1.36 per diluted ($s in millions; except per share data) 3Q26 2Q26 3Q25 share, compared to $127.0 million, or $1.55 per diluted share in 2Q26 Net income $110.1 $127.0 $127.5 – 3Q26 results include a pretax charge of ($30.4) milli
Slide 8: Loan Growth Driven By OFB Acquisition, Strong Production
Loan Growth Driven By OFB Acquisition, Strong Production Quarter-Over-Quarter Waterfall by Activity Type ► Loans totaled $26.5 billion, up $2.0 billion, or 32% $29,250 LQA, including OFB; up $243 million, or 4% LQA, $1,326 $359 $27,750 excluding OFB balances at acquisition $483 $1,717 – Growth drive
Slide 9: Loan Portfolio Composition Diversified and De-Risked
Loan Portfolio Composition Diversified and De-Risked ► Loan portfolio diverse across a number of segments Total Loans % of Total and industries ($s in millions) Outstanding Loans Commitment Commercial non-RE (C&I) $7,884 29.7% $14,154 ► Conservative underwriting in both type and structure CRE – owne
Slide 10: Strong Deposit Growth Linked Quarter
Strong Deposit Growth Linked Quarter ► Total deposits of $32.2 billion, up $2.5 billion, or 34% LQA EOP Deposits Mix ($)* including OFB; up $671 million, or 9% LQA, excluding OFB 30,000 balances at acquisition 25,000 – DDA as a % of total deposits was 33% in 3Q26, compared to 35% in $ in millions 20
Slide 11: Continued Resilient Asset Quality
Continued Resilient Asset Quality $700 $600 3.01% 2.88% 2.79% 2.55% 2.29% $500 $400 $300 $200 0.48% 0.45% 0.47% 0.46% 0.50% $100 $0 3Q25 4Q25 1Q26 2Q26 3Q26 Total Loans $23,597 $23,958 $23,992 $24,580 $26,540 Total Commercial Loans 18,234 18,601 18,714 19,323 21,171 Criticized Commercial Loans 549 5
Slide 12: Maintained Solid Reserves
Maintained Solid Reserves Reserve Build / ► Provision for credit losses of $16.1 million for the third quarter of (Release) 2026 includes impact of unfunded commitments acquired from through OFB; adjusted provision* of $15.1 million for the third quarter of Reserve Build / Purchase 2026 reflects $10
Slide 13: Portfolio Reinvestment Drives Yield Increase
Portfolio Reinvestment Drives Yield Increase ► Securities portfolio* totaled $8.4 billion at 9/30/2026, up $128 million linked-quarter Securities Portfolio* Mix 9/30/2026 ► 79% AFS, 21% HTM at 9/30/2026 $s in millions Munis ► $359 million in notional FV hedges are designated on $353 $388 million in
Slide 14: NIM Up Linked-Quarter
NIM Up Linked-Quarter ► 3Q26 NIM 3.61%, up 5 bps from 2Q26 3.70% – NIM 3.61% for the month of September 2026 0.04% 0.01% 0.08% – 4 bps impact from purchase accounting accretion related to 3.50% 0.08% OFB 3.30% ► 3Q26 NII (TE) of $314.9 million, up $19.7 million, or 3.10% 3.61% 3.56% 7%, compared to
Slide 15: Key IRR Metrics
Key IRR Metrics Loans ► Loans totaled $26.5 billion at September 30, 2026 41% fixed, 59% variable (includes hybrid ARMs) – – 72% of variable loans tied to SOFR – 24% of variable loans tied to Wall Street Journal Prime – 4% of variable loans tied to other indices ► Approximately 4.7% ($644 million) o
Slide 16: Stable Fee Income
Stable Fee Income $120 $1.2 $0.7 $100 $0.2 $0.8 $1.1 $1.2 $80 $108.4 $107.0 $s in millions $60 $40 $20 $0 2Q26 Noninterest Bank Card & Investment & Trust Fees Secondary Service Charges on Other 3Q26 Noninterest Income ATM fees Annuity Income Mortgage Deposit Accounts Income and Insurance Fees ► Noni
Slide 17: Expense Growth Related to Personnel Investments
Expense Growth Related to Personnel Investments $275 $250 $1.8 $262.0 $225 $1.7 $0.7 $0.4 $232.6 $29.4 $6.2 $s in millions $200 $225.4 $175 $150 $125 $100 2Q26 Noninterest Personnel Occupancy and Amortization of ORE/OFA Other (net) 3Q26 Adjusted Supplemental 3Q26 Noninterest Expense Expense Equipmen
Slide 18: Capital Deployed Through Growth and Buybacks
Capital Deployed Through Growth and Buybacks ► TCE ratio 8.05%, compared to 9.78% linked-quarter Tangible CET1 Ratio and Total ► Leverage (Tier 1) ratio estimated at 9.79%, compared to Common Equity Leverage Tier 1 Risk-Based Risk-Based 10.87% linked-quarter Ratio Ratio Capital Ratio Capital Ratio S
Slide 19: 2026 Forward Guidance
2026 Forward Guidance 3Q26 Actual 4Q26 Outlook, compared to 3Q26 FY 2026 Outlook, compared to FY25 Loans (EOP) $26.5B Up mid single digits Up low double digits Deposits (EOP) $32.2B Up upper single digits Up low double digits Net Interest Income (te)(2) $314.9MM Up between 3% - 4% Up between 9% - 9.
Slide 20: Appendix and Non-GAAP Reconciliations
Appendix and Non-GAAP Reconciliations Appendix and Non-GAAP Reconciliations CHANCOCK WHITNEY
Slide 21: Summary Balance Sheet
Summary Balance Sheet ($ in millions) Change Change 3Q26 2Q26 3Q25 LQ Prior Year YTD 2026 YTD 2025 Y-o-Y EOP Balance Sheet 26,540.4 24,580.2 23,596.6 1,960.2 2,943.8 Loans 26,540.4 23,596.6 2,943.8 7,758.3 7,891.4 7,991.3 (133.1) (233.0) Securities 7,758.3 7,991.3 (233.0) 34,962.2 33,039.5 32,532.3
Slide 22: Balance Sheet Summary
Balance Sheet Summary Average Loans Average Securities* Average Deposits ($s in billions) $25.8 ($s in billions) ($s in billions) $26 $11 $32 $30.9 $10 $25 $30 $28.8 $28.8 $28.8 $24.3 $28.5 $24.0 $9 $8.4 $8.5 $23.7 $8.3 $8.3 $8.3 $24 $23.4 $28 $8 $23 $26 $7 $22 $6 $24 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25 4
Slide 23: ICRE Segmentation Detail and Key Metrics
ICRE Segmentation Detail and Key Metrics ► ICRE loan portfolio is diversified by asset class, industry Total Loans % of Total and geographic region ($s in millions) Outstanding Loans Commitment Multifamily $1,365 5.1% $1,382 ► ICRE 21% of total loans and includes a variety of Retail 1,035 3.9% 1,064
Slide 24: EOP Loan Repricing and Maturity
EOP Loan Repricing and Maturity Repricing/Maturity Term (1) Rate Structure 3 months 4-12 Over 15 Total Loans Variable Fixed 1-3 Years 3-5 Years 5-15 Years ($s in millions) or less months Years (EOP) Rate Rate Commercial Non-RE $6,336 $417 $945 $1,690 $967 $28 $10,383 $6,471 $3,912 CRE-Owner 1,293 15
Slide 25: 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 8.00% 7.60% $25,000 7.20% 6.78% 6.78% $20,000 6.80% 6.26% 6.40% 6.16% 6.14% $ in millions 6.04% $15,000 5.86% 5.87% 6.00% 5.75% 5.71% 5.62% 5.60% $15,697 5.60% $13,771 $13,80
Slide 26: Maintaining a Seasoned, Stable, Diversified Deposit Base
Maintaining a Seasoned, Stable, Diversified Deposit Base ► DDA as a % of total deposits remains strong at 33% at September 30, 2026 ► Uninsured deposits (adjusted for collateralized public funds) were 44.3% at September 30, 2026, compared to 41.8% at EOP Deposits by Line of Business* June 30, 2026 9
Slide 27: Strong Liquidity Position; Multiple Sources of Funding Available
Strong Liquidity Position; Multiple Sources of Funding Available ► Currently have approximately $21.0 billion in internal At September 30, 2026 Total Amount Net and external sources of liquidity if needed $ in millions Sources Used Availability ► Approximately $19.3 billion in remaining net liquidit
Slide 28: Summary Income Statement
Summary Income Statement ($ in millions, except for per share data) Change Change 3Q26 2Q26 3Q25 LQ Prior Year YTD 2026 YTD 2025 Y-o-Y 314.9 295.2 282.3 19.7 32.6 Net interest income (TE) 897.7 834.5 63.2 16.1 13.8 12.7 2.3 3.4 Provision for credit losses 43.0 38.0 5.0 107.0 108.4 106.0 (1.4) 1.0 No
Slide 29: Income Statement Summary (as Adjusted*)
Income Statement Summary (as Adjusted*) Adjusted PPNR* Net Interest Income (TE) Net Interest Margin (TE) ($s in millions) ($s in millions) $200 $330 3.75% $189.3 3.61% $314.9 3.56% 3.55% $190 3.60% 3.49% $310 3.48% $178.1 $295.2 $180 $175.6 $174.0 3.45% $172.9 $284.7 $287.6 $290 $282.3 $170 3.30% $2
Slide 30: Current Hedge Positions
Current Hedge Positions Cash Flow (CF) Hedges ► Receive 300 bps versus paying 1-month SOFR on $1.95 billion ► Four additional hedges were executed while no terminations were made during the third quarter of 2026 ► Total termination value on remaining active CF hedges is approximately ($42) million a
Slide 31: PPNR (TE) and Adjusted PPNR (TE) Reconciliation
PPNR (TE) and Adjusted PPNR (TE) Reconciliation Three Months Ended Nine Months Ended ($ in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 YTD 2026 YTD 2025 Net Income (GAAP) $110,056 $126,961 $47,422 $125,572 $127,466 $284,439 $360,501 Provision for credit losses 16,097 13,775 13,172 13,145 12,651 43,044 38,03
Slide 32: Adjusted Provision, Noninterest Income and Expense
Adjusted Provision for Credit Losses Three Months Ended Nine Months Ended ($ in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 YTD 2026 YTD 2025 Provision for credit losses (GAAP) $16,097 $13,775 $13,172 $13,145 $12,651 $43,044 $38,038 Adjustment from supplemental disclosure item One Florida Bank reserve acqui
Slide 33: Adjusted Efficiency Ratio Reconciliation
Adjusted Efficiency Ratio Reconciliation Three Months Ended Nine Months Ended ($ in thousands) 3Q26 2Q26 1Q26 4Q25 3Q25 YTD 2026 YTD 2025 Net interest income $313,107 $293,012 $285,165 $282,170 $279,738 $891,284 $826,602 Noninterest income 107,011 108,350 7,482 107,131 106,001 222,843 299,316 Total
Slide 34: Adjusted EPS and Adjusted Net Income, ROA, ROTCE Reconciliation
Adjusted Earnings Per Share – Diluted Reconciliation Three Months Ended ($ in thousands) 3Q26 2Q26 3Q25 Net Income (GAAP) $110,056 $126,961 $127,466 Net income allocated to participating securities (283) (330) (552) Net income available to common shareholders $109,773 $126,631 $126,914 Supplemental
Slide 35: Third Quarter 2026 Earnings Conference Call
Third Quarter 2026 Earnings Conference Call 10/20/2026 HANCOCK WHITNEY