Q3 2025 Hancock Whitney Corp Earnings Call Transcript
Key Points
- Hancock Whitney Corp (HWC) reported a strong third quarter with an ROA of 1.46%, up from 1.32% a year ago, indicating improved profitability.
- Net interest income expanded due to higher yields on average earning assets, contributing to overall financial performance.
- Fee income grew for the third consecutive quarter, reaching $106 million, an 8% increase from the prior quarter, with investment, insurance, and annuity fees hitting record highs.
- The company maintained well-controlled expenses, with only a 1% increase from the prior quarter, primarily due to investments in revenue producers.
- HWC continued to return capital to investors by repurchasing 662,000 shares of common stock, reflecting a commitment to shareholder value.
- Deposits decreased by $387 million, driven by seasonal activity in public fund DDA and interest-bearing accounts, which could impact liquidity.
- Loan growth was impacted by higher payoffs of larger credits and a reduction in line utilization among industrial contractors, leading to lower-than-expected net growth.
- The company anticipates low-single-digit loan growth for the fourth quarter, indicating potential challenges in achieving higher growth targets.
- Non-accrual loans increased modestly to $114 million, suggesting some deterioration in credit quality.
- The overall cost of funds increased by 2 basis points to 1.59%, which could pressure net interest margins if not managed effectively.
Good day, ladies and gentlemen. Welcome to Hancock Whitney Corporation's third-quarter 2025 earnings conference call.
(Operator Instructions) As a reminder, this call may be recorded.
I would now like to introduce your host for today's conference, Kathryn Mistich, Investor Relations Manager. You may begin.
Thank you. Good afternoon.
During today's call, we may make forward-looking statements. We would like to remind everyone to carefully review the Safe Harbor language that was published with the earnings release and presentation and in the company's most recent 10-K and 10-Q, including the risks and uncertainties identified therein.
You should keep in mind that any forward-looking statements made by Hancock Whitney speak only as of the date on which they were made.
As everyone understands, the current economic environment is rapidly evolving and changing. Hancock Whitney's ability to accurately project results or predict the
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