Hancock Whitney Corporation · NASDAQ:HWC
Hancock Whitney — Q1 2026 Earnings Presentation
35 slides from Hancock Whitney's earnings presentation, Apr 21, 2026
Slide 1: First Quarter 2026 Earnings Conference Call
First Quarter 2026 Earnings Conference Call 4/21/2026 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) $29.1 billion in Total Deposits 13.30% CET1 Ratio* 9.93% TCE Ratio $5.2 billion in Market Cap Baa2 181 222 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 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 ► Near top quartile capital levels including all unrealized losses ► Abil
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% ► $98.6 million pretax charge, or impact of $0.95 on EPS* and 27 bps on CET1* in 1Q26 ► $1.4 billion in proceeds reinvested in bonds at a yield of 4.35% ► Estimated earn back period of 50 months ► Restruc
Slide 8: First Quarter 2026 Highlights
First Quarter 2026 Highlights ► Net income totaled $47.4 million, or $0.57 per diluted ($s in millions; except per share data) 1Q26 4Q25 1Q25 share, compared to $125.6 million, or $1.49 per diluted share in 4Q25 Net income $47.4 $125.6 $119.5 – 1Q26 results include a pretax charge of ($98.6) million
Slide 9: Loan Growth Driven By Strong Production
Loan Growth Driven By Strong Production ► Loans totaled $24.0 billion, up $33 million, or 1% LQA $26,250 Quarter-Over-Quarter Waterfall by Activity Type – Growth driven primarily by an increase in commercial real $1,223 $130 estate across multiple products and continued growth in $24,750 $473 equipm
Slide 10: Loan Portfolio Composition Diversified and De-Risked
Loan Portfolio Composition Diversified and De-Risked ► Loan portfolio diverse across a number of Total Loans % of Total ($s in millions) Outstanding Loans Commitment segments and industries Commercial non-RE (C&I) $7,403 30.9% $ 13,375 ► Conservative underwriting in both type and CRE – owner 2,746 1
Slide 11: Deposits Driven by Seasonal Public Funds Outflows
Deposits Driven by Seasonal Public Funds Outflows ► Total deposits of $29.1 billion, down $198 million, or 3% LQA EOP Deposits Mix ($) – Decrease in interest-bearing public funds of $280 million driven by 35,000 seasonality 30,000 Noninterest-bearing DDA decreased $30 million, related to a decrease
Slide 12: Continued Resilient Asset Quality
Continued Resilient Asset Quality $700 $600 3.35% 3.15% 3.01% 2.88% 2.79% $500 $400 $300 $200 0.45% 0.40% 0.48% 0.45% 0.47% $100 $0 1Q25 2Q25 3Q25 4Q25 1Q26 Total Loans $23,098 $23,462 $23,597 $23,958 $23,992 Total Commercial Loans 17,735 18,057 18,234 18,601 18,714 Criticized Commercial Loans 594 5
Slide 13: Maintained Solid Reserves
Maintained Solid Reserves ► Provision for the first quarter of 2026 of $13.2 million, Reserve Build / reflects $11.1 million of net charge-offs and a reserve build Net Charge-offs (Release) Total Provision of $2.1 million – Quarter-end reserve coverage solid and unchanged from prior ($s in millions)
Slide 14: Portfolio Restructuring Drives Yield Increase
Portfolio Restructuring Drives Yield Increase ► Securities portfolio* totaled $8.4 billion at 3/31/2026, down $135 million linked-quarter Securities Portfolio* Mix 3/31/2026 ► 75% AFS, 25% HTM at 3/31/2026 $s in millions Munis ► $359 million in notional FV hedges are designated on $638 8% $388 milli
Slide 15: NIM Improvement Linked-Quarter
NIM Improvement Linked-Quarter ► 1Q26 NIM 3.55%, up 7 bps from 4Q25 3.70% – NIM 3.56% for the month of March 2026 0.08% 3.50% 0.05% ► NII (TE) of $287.6 million, up 1% compared to $284.7 0.06% million in the prior quarter 3.30% − Increase in NII primarily driven by the higher investment 3.10% 3.55%
Slide 16: Key IRR Metrics
Key IRR Metrics Loans ► Loans totaled $24.0 billion at March 31, 2026 –41% fixed, 59% variable (includes hybrid ARMs) – 74% of variable loans tied to SOFR – 23% of variable loans tied to Wall Street Journal Prime – 3% of variable loans tied to other indices ► Approximately 5% ($600 million) of the v
Slide 17: Stable Fee Income
Stable Fee Income $120 $0.3 $0.5 $100 $0.1 $0.1 $0.1 $1.5 $80 $s in millions $107.1 $106.1 $60 $40 $20 $7.5 $0 $98.6 4Q25 Noninterest Service charges Bank card & Investment & Trust fees Secondary Other 1Q26 Adjusted Supplemental 1Q26 Noninterest Income on deposit accounts ATM fees annuity income mor
Slide 18: Expenses Remain Well-Controlled
Expenses Remain Well-Controlled $250 $225 $1.4 $0.1 $0.3 $4.6 $200 $s in millions $175 $220.7 $217.9 $150 $125 $100 4Q25 Noninterest Personnel Occupancy and Equipment Amortization of Other (net) 1Q26 Noninterest Expense expense intangibles Expense Noninterest Expense Mix 1Q26 ► Noninterest expense t
Slide 19: Capital Deployed Through Bond Restructure
Capital Deployed Through Bond Restructure ► CET1 ratio estimated at 13.30%, down 35 bps linked- CET1 Ratio and quarter Tangible Tier 1 Risked- Total Common Equity Leverage Based Capital Risk-Based ► Leverage (Tier 1) ratio estimated at 10.89%, down 28 bps Ratio Ratio Ratio Capital Ratio linked-quart
Slide 20: 2026 Forward Guidance
2026 Forward Guidance Guidance 1Q26 FY 2026 Direction Actual Outlook Loans (EOP) No change $24.0B Expect EOP loans at 12/31/26 to be up mid single digits from 12/31/25 levels Deposits (EOP) No change $29.1B Expect EOP deposits at 12/31/26 to be up low single digits from 12/31/25 levels Expect NII (t
Slide 21: Appendix and Non-GAAP Reconciliations
Appendix and Non-GAAP Reconciliations Appendix and Non-GAAP Reconciliations CHANCOCK WHITNEY
Slide 22: Summary Balance Sheet ($ in millions)
Summary Balance Sheet ($ in millions) Change 1Q26 4Q25 1Q25 LQ Prior Year EOP Balance Sheet Loans 23,991.8 23,958.4 23,098.1 33.4 893.7 Securities 8,028.0 8,094.8 7,695.0 (66.8) 333.0 Earning assets 32,306.7 32,218.7 31,661.2 88.0 645.5 Total assets 35,542.1 35,472.8 34,750.7 69.3 791.4 Deposits 29,
Slide 23: Balance Sheet Summary
Balance Sheet Summary Average Loans Average Securities* Average Deposits ($s in billions) ($s in billions) ($s in billions) $25 $11 $32 $24.0 $23.7 $10 $24 $23.4 $30 $28.8 $28.8 $28.8 $23.2 $28.6 $28.5 $23.1 $8.5 $9 $8.3 $8.4 $8.3 $8.2 $23 $28 $8 $22 $26 $7 $21 $6 $24 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2
Slide 24: ICRE Segmentation Detail and Key Metrics
ICRE Segmentation Detail and Key Metrics ► ICRE loan portfolio is diversified by asset class, Total Loans % of Total industry and geographic region ($s in millions) Outstanding Loans Commitment Multifamily $1,144 4.8% $1,155 ► ICRE 18% of total loans and includes a variety of Retail 793 3.3% 819 col
Slide 25: EOP Loan Repricing and Maturity
EOP Loan Repricing and Maturity Repricing/Maturity Term (1) Rate Structure 3 months 4-12 Over 15 Total Loans Variable Fixed 1-3 Years 3-5 Years 5-15 Years ($s in millions) or less months Years (EOP) Rate Rate Commercial Non-RE $6,024 $358 $892 $1,391 $998 $48 $9,711 $6,133 $3,578 CRE-Owner 1,152 80
Slide 26: 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% 7.07% 7.06% 6.78% 6.78% $20,000 6.80% 6.26% 6.40% 6.16% $ in millions 6.02% $15,000 5.84% 5.86% 5.87% 6.00% 5.75% 5.62% 5.60% $13,810 $13,557 $13,77
Slide 27: Maintaining a Seasoned, Stable, Diversified Deposit Base
Maintaining a Seasoned, Stable, Diversified Deposit Base ► DDA as a % of total deposits remains strong at 36% at March 31, 2026 ► Uninsured deposits (adjusted for collateralized public funds) were 39.2% at March 31, 2026, compared to 38.6% at EOP Deposits by Line of Business December 31, 2025 3/31/2
Slide 28: Strong Liquidity Position; Multiple Sources of Funding Available
Strong Liquidity Position; Multiple Sources of Funding Available ► Currently have approximately $20.4 billion in internal At March 31, 2026 Total Amount Net and external sources of liquidity if needed $ in millions Sources Used Availability ► Approximately $18.7 billion in remaining net liquidity In
Slide 29: Summary Income Statement ($ in millions, except for per share data)
Summary Income Statement ($ in millions, except for per share data) Change 1Q26 4Q25 1Q25 LQ Prior Year Net interest income (TE) 287.6 284.7 272.7 2.9 14.9 Provision for credit losses 13.2 13.1 10.5 0.1 2.7 Noninterest income 7.5 107.1 94.8 (99.6) (87.3) Noninterest expense 220.7 217.9 205.1 2.8 15.
Slide 30: 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) $190 $320 3.75% $175.6 $174.0 3.55% $180 $172.9 $300 $287.6 3.60% $167.9 $282.3 $284.7 3.49% 3.49% 3.48% $279.5 3.43% $170 $162.4 $272.7 $280 3.45% $160 $260 3.3
Slide 31: Current Hedge Positions
Current Hedge Positions Cash Flow (CF) Hedges ► Receive 268 bps versus paying 1-month SOFR on $1.8 billion ► Two additional hedges were executed while no terminations were made during the first quarter of 2026 ► Total termination value on remaining active CF hedges is approximately ($17) million as
Slide 32: PPNR (TE) and Adjusted PPNR (TE) Reconciliation
PPNR (TE) and Adjusted PPNR (TE) Reconciliation Three Months Ended (in thousands) 1Q26 4Q25 3Q25 2Q25 1Q25 Net Income (GAAP) $47,422 $125,572 $127,466 $113,531 $119,504 Provision for credit losses 13,172 13,145 12,651 14,925 10,462 Income tax expense 11,305 32,734 32,869 31,048 29,671 Pre-provision
Slide 33: Adjusted Efficiency Ratio Reconciliation
Adjusted Efficiency Ratio Reconciliation Three Months Ended (in thousands) 1Q26 4Q25 3Q25 2Q25 1Q25 Net interest income $285,165 $282,170 $279,738 $276,959 $269,905 Noninterest income (GAAP) 7,482 107,131 106,001 98,524 94,791 Total GAAP revenue 292,647 389,301 385,739 375,483 364,696 Taxable equiva
Slide 34: Adjusted Earnings Per Share – Diluted Reconciliation
Adjusted Earnings Per Share – Diluted Reconciliation Three Months Ended (in thousands) 1Q26 4Q25 1Q25 Net Income (GAAP) $47,422 $125,572 $119,504 Net income allocated to participating securities (159) (483) (521) Net income available to common shareholders $47,263 $125,089 $118,983 Supplemental disc
Slide 35: First Quarter 2026 Earnings Conference Call
First Quarter 2026 Earnings Conference Call 4/21/2026 HANCOCK WHITNEY