Hancock Whitney Q3 adjusted EPS meets estimates driven by OFB Bancshares

Hancock Whitney

Tue 21:11

Overview
U.S. regional bank's Q3 adjusted EPS was $1.66, meeting analyst expectations
Q3 net income declined due to acquisition-related charges
Company reported strong loan and deposit growth, driven by OFB Bancshares acquisition

Outlook
Company remains focused on organic growth and maintaining operational efficiency as 2026 ends
Hancock Whitney aims to maintain a strong capital position following the OFB acquisition
Company continues to emphasize loan and deposit growth amid current market conditions

Result Drivers
LOAN GROWTH - Loan balances rose, driven by OFB acquisition and increases in commercial real estate and equipment finance lending
DEPOSIT GROWTH - Deposits increased, primarily due to OFB acquisition and higher interest-bearing and savings deposits
NIM EXPANSION - Net interest margin rose, helped by OFB purchase accounting accretion and changes in asset yield and mix, partly offset by higher deposit costs

Company press release: ID:nBw4nvnXca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Meet
$1.66
$1.66 (9 Analysts)
Q3 EPS
 
$1.36
 
Q3 Net Income
 
$110.06 mln
 
Q3 Net Interest Income
 
$313.11 mln
 
Q3 CET1 Capital Ratio
 
11.53%
 
Q3 Credit Loss Allowance
 
$16.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Hancock Whitney Corporation is $85.50, about 17.9% above its October 19 closing price of $72.50
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Oct 20 - KeyCorp Q3 revenue rises 8% to record, profit up 24%
Oct 19 - Western Alliance Bancorp Q3 revenue slightly beats estimates, profit rises on wider interest margin
Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)