Q2 2026 Hancock Whitney Corp Earnings Call Transcript
Key Points
- Hancock Whitney Corp (HWC) reported a 13% improvement in EPS and a 6% growth in PPNR compared to the same period last year.
- The company achieved a 10% annualized growth in loans and an 8% growth in deposits on a linked quarter basis.
- HWC secured regulatory and shareholder approval for the One Florida Bank transaction, with an expected closing date of August 1.
- The company maintained a strong ROA of 1.42%, an efficiency ratio of 55.3%, and a ROTCE of 14.9%.
- HWC successfully added 15 net new bankers in the second quarter, contributing to its annual goal of 50 new hires.
- Loan yields decreased by 2 basis points, primarily due to a drop in new loan rates.
- The cost of deposits is expected to increase in the second half of 2026, potentially impacting net interest income growth.
- Nonaccrual loans increased by $1 million to $114 million.
- The competitive environment for loan pricing remains tight, with significant pressure on margins.
- The company anticipates that the benefit from repricing maturing CDs will largely come to an end, with new CD rates likely being higher.
Good day, ladies and gentlemen, and welcome to Hancock Whitney Corporation's second quarter 2026 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, Ashleigh Wilshire, Head of Investor Relations. You may begin.
Thank you, and 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 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 effects of future plans or strategies or
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