Hancock Whitney Q3 adjusted EPS meets estimates driven by OFB Bancshares 

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:

Key Details

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.)