Core Insights - Hancock Whitney (HWC) reported quarterly earnings of $1.49 per share, exceeding the Zacks Consensus Estimate of $1.41 per share, and up from $1.33 per share a year ago, representing an earnings surprise of +5.67% [1] - The company posted revenues of $385.74 million for the quarter ended September 2025, which was below the Zacks Consensus Estimate by 0.55%, but an increase from $367.66 million year-over-year [2] - Hancock Whitney has surpassed consensus EPS estimates in all four of the last quarters [2] Earnings Performance - The earnings surprise for the previous quarter was +2.24%, with actual earnings of $1.37 per share compared to an expected $1.34 per share [1] - The current consensus EPS estimate for the upcoming quarter is $1.45, with projected revenues of $393.55 million, and for the current fiscal year, the EPS estimate is $5.60 on revenues of $1.52 billion [7] Stock Performance - Hancock Whitney shares have increased approximately 10.6% year-to-date, while the S&P 500 has gained 13.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Banks - Southeast industry, to which Hancock Whitney belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Data and Key Metrics Changes - The company reported an ROA of 1.46%, up from 1.32% a year ago, indicating continued profitability improvement [6] - Adjusted net income for the quarter was nearly $128 million, or $1.49 per share, compared to $118 million, or $1.37 per share in the previous quarter [10] - The efficiency ratio improved to 54.1% from 54.91% in the prior quarter, and year-to-date efficiency ratio is 54.73%, down from 55.67% last year [11] Business Line Data and Key Metrics Changes - Fee income grew to $106 million, an increase of 8% from the prior quarter, with investment, insurance, and annuity fees leading the increase [6] - Loans grew by $135 million, or 2% annualized, with production increasing 6% quarter-over-quarter and 46% year-over-year [7] - Deposits decreased by $387 million, primarily due to seasonal activity in public fund DDA and interest-bearing accounts [8] Market Data and Key Metrics Changes - Interest-bearing transaction balances increased, while retail time deposits and DDA balances decreased, reflecting promotional pricing changes [8] - The company ended the quarter with a TCE of 10.01% and a common equity tier one ratio of 14.08% [8] Company Strategy and Development Direction - The company plans to open five new locations in the Dallas market, aiming for growth and profitability [9] - The focus remains on organic growth, with a goal of achieving more favorable loan yields and relationship revenue [7] - The company is optimistic about closing out 2025 with continued growth despite a dynamic macroeconomic environment [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating challenges and supporting clients, highlighting a strong capital stack and solid allowance for credit losses [9] - The company anticipates low single-digit growth in 2025, with expectations of continued paydowns impacting loan growth [8] - Management noted that while paydowns may persist, they are focused on increasing loan production to offset this [21] Other Important Information - The company repurchased 662,000 shares of common stock during the quarter, continuing to return capital to investors [8] - The company expects to maintain a strong capital position while being proactive in deploying capital for organic growth [26] Q&A Session Summary Question: Loan growth expectations and paydowns - Management indicated that loan production was strong, with a healthy growth rate, but paydowns are expected to continue due to project completions [18][21] Question: Capital management and M&A opportunities - Management clarified that they are not focused on M&A currently but are open to opportunistic approaches in the future [25][26] Question: Deposit growth expectations for Q4 - Management expects strong seasonal growth in public fund deposits and DDAs, projecting a total deposit growth of $400 million to $500 million [90][91] Question: Future growth in the Dallas market - The company plans to double its offices in the Dallas MSA and anticipates significant growth driven by business purpose clients [95][96] Question: Credit quality and criticized loans - Management expressed confidence in the moderation of criticized loans, noting improvements in client performance and refinancing activity [78][79]

Financial Data and Key Metrics Changes - The company reported an adjusted net income of nearly $128 million, or $1.49 per share, compared to $118 million, or $1.37 per share in the previous quarter, reflecting a strong performance [10] - Return on Assets (ROA) improved to 1.46% from 1.32% a year ago, indicating continued profitability improvement [5] - The efficiency ratio improved to 54.1% from 54.91% in the prior quarter, and year-to-date efficiency ratio is 54.73%, down from 55.67% last year [10][11] Business Line Data and Key Metrics Changes - Net interest income (NII) increased by $3 million, or 1%, while fee income grew to $106 million, an increase of 8% from the prior quarter, driven by record highs in investment, insurance, and annuity fees [5][10] - Loans grew by $135 million, or 2% annualized, with production increasing 6% quarter over quarter and 46% year over year [6][10] - The yield on the loan portfolio increased by 1 basis point to 5.87%, while the yield on fixed-rate loans rose by 7 basis points to 5.24% [11][12] Market Data and Key Metrics Changes - Deposits decreased by $387 million, primarily due to seasonal activity in public fund DDA and interest-bearing accounts [7][13] - Interest-bearing transaction balances increased, while retail time deposits and DDA balances decreased, reflecting promotional pricing changes [7] - The company expects low single-digit growth in deposits for the fourth quarter, with anticipated seasonal growth in public fund deposits [72] Company Strategy and Development Direction - The company plans to open five new locations in the Dallas market, aiming for increased hiring to solidify growth targets [9][27] - The focus remains on organic growth, with a goal of achieving more favorable loan yields and relationship revenue [6][9] - The company aspires to become the best bank in the Southeast for privately owned businesses, emphasizing the importance of local service and efficiency [78] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the dynamic macroeconomic environment, highlighting a strong capital position and solid allowance for credit losses [9] - The company anticipates continued growth and profitability, despite challenges from high paydowns and competitive pressures [9][23] - Management expects to maintain a proactive approach to managing capital, focusing on organic growth and potential share repurchases [27][29] Other Important Information - The company repurchased approximately $40 million of shares during the quarter and plans to continue at this level [14][29] - The capital ratios remain strong, with a tangible common equity (TCE) of 10.01% and a common equity tier one ratio of 14.08% [8] Q&A Session Summary Question: Loan growth expectations and paydowns - Management noted that loan production was strong, with a 6% increase quarter over quarter, but high paydowns are expected to persist, impacting net growth [18][19] Question: Capital management and M&A opportunities - Management clarified that while they are not focused on M&A currently, they remain opportunistic and will consider capital deployment for organic growth and share repurchases [25][27] Question: Guidance for NII and expenses - Management indicated that NII growth expectations are modest, with a bias toward the lower end of the range, and expenses are expected to grow slightly more in the fourth quarter [43][44] Question: Deposit competition and growth expectations - Management expects strong seasonal growth in deposits for the fourth quarter, with no significant changes in competitive pressures noted [72][74] Question: Credit quality and criticized loans - Management expressed confidence in the moderation of criticized loans, citing improvements in client performance and refinancing activity [57][59]

Financial Data and Key Metrics Changes - The company reported an adjusted net income of nearly $128 million or $1.49 per share, compared to $118 million or $1.37 per share in the previous quarter, reflecting a strong performance [12] - Return on Assets (ROA) improved to 1.46% from 1.32% a year ago, indicating continued profitability improvement [5] - Net interest income (NII) increased by $3 million or 1%, while the efficiency ratio improved to 54.1% from 54.91% in the prior quarter [13][15] - Total loans grew by $135 million or 2% annualized, with a notable increase in loan production of 6% quarter over quarter and 46% year over year [6][7] Business Line Data and Key Metrics Changes - Fee income totaled $106 million, an increase of 8% from the prior quarter, driven by record highs in investment insurance and annuity fees [5][6] - The company experienced a modest increase in personnel expenses due to investments in revenue producers, contributing to a controlled expense growth of just 1% [6][12] - Criticized commercial loans decreased by $20 million to $549 million, while non-accrual loans increased slightly to $114 million [17][18] Market Data and Key Metrics Changes - Deposits decreased by $387 million, primarily due to seasonal activity in public fund accounts, with interest-bearing transaction balances increasing [8][16] - The company ended the quarter with a tangible common equity (TCE) ratio of 10.01% and a common equity Tier 1 ratio of 14.08% [9] - The yield on the bond portfolio increased by six basis points to 2.92%, with expectations for continued yield improvement through reinvestment at higher rates [14] Company Strategy and Development Direction - The company plans to open five new locations in the Dallas market, aiming for growth in the region and a target compounded annual balance sheet growth rate [10] - The focus remains on organic growth, with a strategy to hire more bankers to support loan production and maintain profitability [10][29] - The company aspires to become the best bank in the Southeast for privately owned businesses, emphasizing the importance of local access and quality service [105] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the dynamic macroeconomic environment, highlighting a strong capital position and solid allowance for credit losses [11] - The company anticipates continued growth and profitability through disciplined execution of its organic growth plan, despite challenges from loan paydowns [10][30] - Future expectations include low single-digit growth in loans and deposits, with a focus on maintaining high-quality deposits [29][100] Other Important Information - The company repurchased approximately $40 million of shares during the quarter, with plans to continue share repurchases at similar levels [18][36] - The company expects to see a reduction in deposit costs following anticipated rate cuts in the fourth quarter [15][16] Q&A Session Summary Question: Loan growth expectations and paydowns - Management noted that loan production was strong, with a 6% increase quarter over quarter, but paydowns were higher than expected due to project completions and client sales [21][24] Question: Capital management and M&A opportunities - Management clarified that they are not currently focused on M&A but are open to opportunistic growth, prioritizing organic growth and capital deployment [32][34] Question: Guidance for NII and expenses - Management indicated that NII growth expectations are more modest than previously suggested, with a focus on controlling expenses in the upcoming quarter [54][56] Question: Competitive landscape for deposits - Management reported no significant changes in competitive pressures for deposits, with expectations for continued stability in deposit pricing [99][100] Question: Future branch expansion plans - Management confirmed plans for branch expansions in Dallas and other markets, with a focus on enhancing service quality and client relationships [101][105]

Core Insights - The article discusses the importance of enabling Javascript and cookies in browsers to ensure proper functionality and access to content [1] Group 1 - The article highlights that users may be blocked from proceeding if an ad-blocker is enabled [1]

Financial Performance - Net income was $127.5 million, or $1.49 per diluted share, compared to $113.5 million, or $1.32 per diluted share in 2Q25[25] - Adjusted Pre-Provision Net Revenue (PPNR) totaled $175.6 million, up $7.6 million, or 5%, compared to 2Q25[25] - Net Interest Margin (NIM) was 3.49%, consistent with the prior quarter[25] - Efficiency ratio improved to 54.10%, an 81 bps improvement compared to the prior quarter[25] Balance Sheet - Total assets reached $35.8 billion[10] - Loans totaled $23.6 billion, up $135 million, or 2% linked-quarter annualized (LQA)[10, 25, 29] - Deposits decreased by $387 million, or 5% LQA, to $28.7 billion[10, 25, 38] - Criticized commercial loans decreased, while nonaccrual loans increased[25] Capital and Reserves - CET1 ratio was estimated at 14.08%, up 11 bps linked-quarter[25] - Tangible Common Equity (TCE) ratio was 10.01%, up 17 bps linked-quarter[25] - Allowance for Credit Losses (ACL) coverage was solid at 1.45%, unchanged from the prior quarter[25] Strategic Initiatives - The company hired 20 net new bankers from 3Q24 to 3Q25, a 9% increase[23] - Five additional financial center locations are planned for Dallas MSA[23]

[Third Quarter 2025 Earnings Overview](index=1&type=section&id=Third%20Quarter%202025%20Earnings%20Overview) Hancock Whitney Corporation reported strong Q3 2025 financial results with significant net income and EPS growth, driven by improved profitability, operational efficiency, and strategic capital deployment [Executive Summary](index=1&type=section&id=1.1%20Executive%20Summary) Hancock Whitney Corporation reported strong financial results for the third quarter of 2025, with net income increasing significantly quarter-over-quarter and year-over-year, achieving a diluted EPS of $1.49 Quarterly Financial Performance | Metric | Q3 2025 | Q2 2025 | Q3 2024 | | :-------------------------------- | :------ | :------ | :------ | | Net Income (millions) | $127.5 | $113.5 | $115.6 | | Diluted EPS | $1.49 | $1.32 | $1.33 | - The second quarter of 2025 included **$5.9 million**, or **$0.05 per share**, of supplemental disclosure items related to the acquisition of Sabal Trust Company, which were not present in Q3 2025 or Q3 2024[1](index=1&type=chunk) [CEO Commentary](index=1&type=section&id=1.2%20CEO%20Commentary) President & CEO John M. Hairston highlighted the exceptionally strong performance in Q3 2025, noting continued improvement in profitability and progress on growth plans - CEO John M. Hairston stated that Q3 2025 results reflect 'another quarter of exceptionally strong performance,' with continued improvement in profitability and progress on growth plans[3](index=3&type=chunk) Key Performance Ratios | Metric | Q3 2025 | Change from Q2 2025 | | :---------------- | :-------- | :------------------ | | ROA | 1.46% | +0.14% | | Efficiency Ratio | 54.10% | -0.81% | | NIM | 3.49% | Stable | - The company repurchased **662,500 shares** of common stock, contributing to capital deployment[3](index=3&type=chunk) [Key Financial and Operational Highlights](index=1&type=section&id=1.3%20Key%20Financial%20and%20Operational%20Highlights) The third quarter saw a significant increase in net income and adjusted pre-provision net revenue (PPNR), modest loan growth, and a linked-quarter decrease in deposits Q3 2025 Financial and Operational Metrics | Metric | Q3 2025 | Change from Q2 2025 | | :-------------------------------------- | :------------------ | :------------------ | | Net Income | $127.5 million | Up $14.0 million | | Adjusted PPNR | $175.6 million | Up $7.6 million (5%)| | Loans | Up $134.8 million (2% LQA) | | Deposits | Down $386.9 million (5% LQA) | | ACL Coverage | 1.45% | Unchanged | | NIM | 3.49% | Consistent | | CET1 Ratio (estimated) | 14.08% | Up 11 bps | | TCE Ratio | 10.01% | Up 17 bps | | Total Risk-Based Capital Ratio (estimated)| 15.91% | Up 9 bps | | Efficiency Ratio | 54.10% | Improved 81 bps | - Criticized commercial loans continued to moderate, while nonaccrual loans increased[4](index=4&type=chunk) [Detailed Financial Performance](index=2&type=section&id=Detailed%20Financial%20Performance) This section details Q3 2025 performance, covering modest loan growth, a linked-quarter deposit decrease, solid asset quality with increased nonaccrual loans, stable net interest margin, increased noninterest income, and strengthened capital [Loans](index=2&type=section&id=2.1%20Loans) Total loans at the end of Q3 2025 showed a modest increase linked-quarter, driven by growth in commercial real estate and equipment finance, partially offset by higher payoffs and lower credit line utilization Loan Balances | Metric | 9/30/2025 | Change from 6/30/2025 | | :------------ | :------------------ | :-------------------- | | Total Loans | $23.6 billion | Up $134.8 million (1%)| | Average Loans | $23.4 billion (Q3) | Up $176.7 million (1%)| - Loan growth was primarily in commercial real estate (owner-occupied and income-producing) and equipment finance loans[5](index=5&type=chunk) - The company expects low-single digit loan growth year-over-year and in the fourth quarter of 2025[6](index=6&type=chunk) [Deposits](index=2&type=section&id=2.2%20Deposits) Total deposits decreased linked-quarter, primarily due to a decline in noninterest-bearing DDAs attributed to seasonality, expected temporary balance outflows, and reduced public fund DDA balances Deposit Balances by Type | Metric | 9/30/2025 | Change from 6/30/2025 | | :----------------------------------- | :------------------ | :-------------------- | | Total Deposits | $28.7 billion | Down $386.9 million (1%)| | Noninterest-Bearing DDAs | $10.3 billion | Down $333.5 million (3%)| | Interest-Bearing Transaction & Savings | $11.8 billion | Up $278.0 million (2%)| | Retail Time Deposits | $3.8 billion | Down $145.4 million (4%)| | Interest-Bearing Public Fund Deposits| $2.8 billion | Down $186.0 million (6%)| - The decrease in noninterest-bearing DDAs was linked to unfavorable seasonality, expected outflows of temporary balances, and a decrease in public fund DDA balances[7](index=7&type=chunk) - Management expects 2025 period-end deposit levels to be up low-single digits from December 31, 2024 levels[10](index=10&type=chunk) [Asset Quality](index=2&type=section&id=2.3%20Asset%20Quality) Asset quality remained solid with a stable Allowance for Credit Losses (ACL) to period-end loans ratio, though nonaccrual loans increased Credit Loss and Charge-off Trends | Metric | 9/30/2025 | Change from 6/30/2025 | | :-------------------------------------- | :------------------ | :-------------------- | | Total ACL | $341.5 million | Up $1.2 million (<1%)| | Provision for Credit Losses | $12.7 million | Down $2.2 million | | Net Charge-offs | $11.4 million | Down $6.4 million | | Annualized Net Charge-offs to Average Loans | 0.19% | Down 0.12% | | ACL to Period-End Loans | 1.45% | Consistent | Criticized and Nonaccrual Assets | Metric | 9/30/2025 | 6/30/2025 | | :-------------------------------------- | :------------------ | :------------------ | | Criticized Commercial Loans | $549.2 million (3.01% of total) | $569.3 million (3.15% of total) | | Nonaccrual Loans | $113.6 million (0.48% of total) | $94.9 million (0.40% of total) | | ORE and Foreclosed Assets | $11.1 million | $26.8 million | [Net Interest Income and Net Interest Margin (NIM)](index=3&type=section&id=2.4%20Net%20Interest%20Income%20and%20Net%20Interest%20Margin%20(NIM)) Net interest income (TE) increased slightly linked-quarter, and the net interest margin (TE) remained stable at 3.49% despite a falling rate environment Net Interest Income and Margin | Metric | Q3 2025 | Change from Q2 2025 | | :-------------------------- | :------------------ | :------------------ | | Net Interest Income (TE) | $282.3 million | Up $2.9 million (1%)| | Net Interest Margin (TE) | 3.49% | Flat | | Average Earning Assets | $32.2 billion | Up $132.5 million (<1%)| - NIM stability was supported by securities yields (**+2 bps**) and better earning assets mix and higher average loans (**+2 bps**), which offset unfavorable other borrowings volumes and rates (**-4 bps**)[14](index=14&type=chunk) [Noninterest Income](index=3&type=section&id=2.5%20Noninterest%20Income) Noninterest income saw an 8% increase linked-quarter, driven by higher client account activity, increased annuity sales, higher investment trading fees, and additional revenue from the Sabal Trust Company acquisition Noninterest Income Breakdown | Metric | Q3 2025 | Change from Q2 2025 | | :---------------------- | :------------------ | :------------------ | | Total Noninterest Income| $106.0 million | Up $7.5 million (8%)| | Service Charges on Deposits | Up $1.0 million (4%)| | Investment & Annuity Income & Insurance Fees | Up $3.9 million (37%)| | Trust Fees | Up $1.5 million (6%)| | Secondary Mortgage Operations | Down $0.7 million (16%)| | Other Noninterest Income| Up $2.0 million (14%)| - The increase in other noninterest income was primarily due to higher syndication fees, gains on the sale of leases and SBA loans, and higher BOLI income[18](index=18&type=chunk) [Noninterest Expense & Taxes](index=3&type=section&id=2.6%20Noninterest%20Expense%20%26%20Taxes) Total noninterest expense decreased linked-quarter, largely due to the absence of one-time acquisition-related expenses present in the prior quarter Noninterest Expense and Tax Rate | Metric | Q3 2025 | Change from Q2 2025 | | :---------------------- | :------------------ | :------------------ | | Total Noninterest Expense| $212.8 million | Down $3.2 million (1%)| | Personnel Expense | $122.0 million | Up $5.5 million (5%)| | Other Expenses | $70.2 million | Down $7.2 million (9%)| | Effective Income Tax Rate| 20.5% | | - The decrease in total noninterest expense was influenced by the absence of **$5.9 million** in Sabal Trust Company acquisition-related expenses incurred in Q2 2025[19](index=19&type=chunk) - Personnel expense increased due to hiring efforts, one additional work day, and higher incentive expenses[20](index=20&type=chunk) [Capital](index=4&type=section&id=2.7%20Capital) The company's capital position strengthened in Q3 2025, with increases across all key capital ratios, and continued its share buyback program Capital Ratios and Equity | Metric | 9/30/2025 | Change from 6/30/2025 | | :-------------------------------------- | :------------------ | :-------------------- | | Common Stockholders' Equity | $4.5 billion | Up $109.1 million (2%)| | Tangible Common Equity (TCE) Ratio | 10.01% | Up 17 bps | | CET1 Ratio (estimated) | 14.08% | Up 11 bps | | Total Risk-Based Capital Ratio (estimated)| 15.91% | Up 9 bps | - The company repurchased **662,500 shares** of its common stock at an average price of **$60.45 per share**, as part of its ongoing share buyback program[24](index=24&type=chunk) [Corporate Information and Disclosures](index=4&type=section&id=Corporate%20Information%20and%20Disclosures) This section provides details on the Q3 2025 earnings conference call, an overview of Hancock Whitney's operations, explanations of non-GAAP financial measures, and important forward-looking statements [Conference Call and Investor Relations](index=4&type=section&id=3.1%20Conference%20Call%20and%20Investor%20Relations) Hancock Whitney hosted a conference call for analysts and investors on October 14, 2025, to discuss the third quarter results, with details for accessing the live webcast, slide presentation, and audio archive provided - A conference call for analysts and investors was held on **October 14, 2025**, at **3:30 p.m. Central Time**[25](index=25&type=chunk) - A live listen-only webcast and slide presentation were available on the Investor Relations section of Hancock Whitney's website[25](index=25&type=chunk) - An audio archive and replay of the call were made available through **October 21, 2025**[26](index=26&type=chunk) [About Hancock Whitney](index=4&type=section&id=3.2%20About%20Hancock%20Whitney) Hancock Whitney is a financial institution with a long history, operating across Mississippi, Alabama, Florida, Louisiana, and Texas, offering a comprehensive range of financial products and services - Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility since the late 1800s[27](index=27&type=chunk) - The company operates offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas, and loan/deposit production offices in Nashville, Tennessee, and Atlanta, Georgia[27](index=27&type=chunk) - Services include traditional and online banking, commercial and small business banking, private banking, trust and investment services, healthcare banking, and mortgage services[27](index=27&type=chunk) [Non-GAAP Financial Measures](index=4&type=section&id=3.3%20Non-GAAP%20Financial%20Measures) The report includes non-GAAP financial measures to provide a clearer understanding of Hancock Whitney's performance and to assist investors in assessing management's strategic execution - Non-GAAP financial measures are used to describe performance and should not be considered alternatives to GAAP-basis financial statements[28](index=28&type=chunk) - The company presents net interest income, net interest margin, and efficiency ratios on a fully taxable equivalent (TE) basis for industry comparability[29](index=29&type=chunk) - Adjusted Pre-Provision Net Revenue, Adjusted Revenue, Adjusted Noninterest Expense, and the Efficiency Ratio are defined and used to provide a measure more indicative of forward-looking trends and to demonstrate the effects of significant gains or losses[31](index=31&type=chunk)[32](index=32&type=chunk) [Forward-Looking Statements](index=5&type=section&id=3.4%20Forward-Looking%20Statements) The release contains forward-looking statements regarding future performance, financial condition, and various economic and operational factors, which are subject to significant risks and uncertainties - The release includes forward-looking statements concerning expectations for performance, financial condition, balance sheet and revenue growth, credit losses, capital levels, deposits, and the impact of economic conditions[33](index=33&type=chunk) - Forward-looking statements are based on current beliefs and expectations of management and are subject to significant risks and uncertainties, as outlined in the company's SEC filings[34](index=34&type=chunk)[35](index=35&type=chunk) - The company does not assume any obligation to update these statements in light of new information or future events[34](index=34&type=chunk) [Financial Tables](index=7&type=section&id=Financial%20Tables) This section provides comprehensive financial tables, including highlights, detailed income statements, balance sheet data, net interest margin analysis, asset quality metrics, and reconciliations of non-GAAP measures [Financial Highlights](index=7&type=section&id=4.1%20Financial%20Highlights) This section provides a summary of key financial metrics for Hancock Whitney Corporation, including net income, balance sheet data, common share data, and performance ratios, presented for both three-month and nine-month periods Quarterly Financial Highlights | Metric (3 Months Ended) | 9/30/2025 | 6/30/2025 | 9/30/2024 | | :---------------------- | :-------- | :-------- | :-------- | | Net Income | $127,466 | $113,531 | $115,572 | | Diluted EPS | $1.49 | $1.32 | $1.33 | | Total Loans | $23,596,565 | $23,461,750 | $23,455,587 | | Total Deposits | $28,659,750 | $29,046,612 | $28,982,905 | | Return on Average Assets| 1.46% | 1.32% | 1.32% | | Net Interest Margin (TE)| 3.49% | 3.49% | 3.39% | | Efficiency Ratio | 54.10% | 54.91% | 54.42% | Year-to-Date Financial Highlights | Metric (9 Months Ended) | 9/30/2025 | 9/30/2024 | | :---------------------- | :-------- | :-------- | | Net Income | $360,501 | $338,741 | | Diluted EPS | $4.17 | $3.88 | | Return on Average Assets| 1.40% | 1.29% | | Net Interest Margin (TE)| 3.47% | 3.36% | | Efficiency Ratio | 54.73% | 55.67% | [Income Statement](index=9&type=section&id=4.2%20Income%20Statement) This section presents the detailed income statement, breaking down interest income and expense, net interest income, provision for credit losses, noninterest income, and noninterest expense for the three and nine months ended September 30, 2025, with comparative periods Quarterly Income Statement Summary | Metric (3 Months Ended) | 9/30/2025 | 6/30/2025 | 9/30/2024 | | :---------------------- | :-------- | :-------- | :-------- | | Interest Income (TE) | $411,591 | $405,077 | $432,169 | | Interest Expense | $129,282 | $125,622 | $157,712 | | Net Interest Income (TE)| $282,309 | $279,455 | $274,457 | | Provision for Credit Losses | $12,651 | $14,925 | $18,564 | | Noninterest Income | $106,001 | $98,524 | $95,895 | | Noninterest Expense | $212,753 | $215,979 | $203,839 | | Net Income | $127,466 | $113,531 | $115,572 | Quarterly Noninterest Income Details | Noninterest Income (3 Months Ended) | 9/30/2025 | 6/30/2025 | 9/30/2024 | | :---------------------------------- | :-------- | :-------- | :-------- | | Service Charges on Deposit Accounts | $25,220 | $24,256 | $23,144 | | Trust Fees | $24,211 | $22,753 | $18,014 | | Bank Card and ATM Fees | $21,814 | $22,004 | $21,639 | | Investment and Annuity Fees and Insurance Commissions | $14,507 | $10,603 | $10,890 | | Secondary Mortgage Market Operations| $3,475 | $4,147 | $3,379 | | Other Income | $16,774 | $14,761 | $18,829 | Quarterly Noninterest Expense Details | Noninterest Expense (3 Months Ended) | 9/30/2025 | 6/30/2025 | 9/30/2024 | | :----------------------------------- | :-------- | :-------- | :-------- | | Personnel Expense | $122,022 | $116,512 | $115,771 | | Net Occupancy and Equipment Expense | $18,222 | $18,366 | $18,127 | | Other Expense | $70,152 | $77,396 | $68,060 | | Amortization of Intangibles | $2,694 | $2,524 | $2,292 | [Balance Sheet Data](index=11&type=section&id=4.3%20Balance%20Sheet%20Data) This section provides detailed period-end and average balance sheet data, including assets, liabilities, and common stockholders' equity, along with key capital ratios, for the most recent quarter and historical periods Period-End Balance Sheet and Capital Ratios | Metric (Period-End) | 9/30/2025 | 6/30/2025 | 9/30/2024 | | :------------------ | :-------- | :-------- | :-------- | | Total Assets | $35,766,407 | $35,212,652 | $35,238,107 | | Total Loans | $23,596,565 | $23,461,750 | $23,455,587 | | Total Deposits | $28,659,750 | $29,046,612 | $28,982,905 | | Noninterest-Bearing Deposits | $10,305,303 | $10,638,785 | $10,499,476 | | Common Stockholders' Equity | $4,474,479 | $4,365,419 | $4,174,687 | | Tangible Common Equity Ratio | 10.01% | 9.84% | 9.56% | | CET1 Ratio (estimated) | 14.08% | 13.97% | 13.78% | Average Balance Sheet Data | Metric (Average Balance) | 9/30/2025 | 6/30/2025 | 9/30/2024 | | :----------------------- | :-------- | :-------- | :-------- | | Total Assets | $34,751,209 | $34,527,276 | $34,780,386 | | Total Loans | $23,425,895 | $23,249,241 | $23,552,002 | | Total Deposits | $28,492,076 | $28,649,900 | $28,940,163 | | Common Stockholders' Equity | $4,368,746 | $4,284,279 | $4,021,211 | [Average Balance and Net Interest Margin Summary](index=13&type=section&id=4.4%20Average%20Balance%20and%20Net%20Interest%20Margin%20Summary) This section provides a detailed breakdown of average earning assets and interest-bearing liabilities, along with their respective interest income/expense and rates, to illustrate the calculation of net interest spread and net interest margin Quarterly Net Interest Margin Analysis | Metric (3 Months Ended) | 9/30/2025 | 6/30/2025 | 9/30/2024 | | :---------------------- | :-------- | :-------- | :-------- | | Average Earning Assets (millions) | $32,213.6 | $32,081.1 | $32,263.7 | | Average Earning Assets Yield (TE) | 5.08% | 5.06% | 5.34% | | Total Interest-Bearing Liabilities Cost | 2.60% | 2.60% | 3.17% | | Net Interest Spread (TE)| 2.48% | 2.46% | 2.17% | | Net Interest Margin (TE)| 3.49% | 3.49% | 3.39% | Year-to-Date Net Interest Margin Analysis | Metric (9 Months Ended) | 9/30/2025 | 9/30/2024 | | :---------------------- | :-------- | :-------- | | Average Earning Assets (millions) | $32,106.9 | $32,452.6 | | Average Earning Assets Yield (TE) | 5.05% | 5.30% | | Total Interest-Bearing Liabilities Cost | 2.61% | 3.16% | | Net Interest Spread (TE)| 2.45% | 2.13% | | Net Interest Margin (TE)| 3.47% | 3.36% | [Asset Quality Information](index=15&type=section&id=4.5%20Asset%20Quality%20Information) This section provides comprehensive asset quality data, including nonaccrual loans, ORE and foreclosed assets, accruing loans past due, modified loans, and detailed information on the allowance for credit losses, provision, charge-offs, and recoveries for various loan categories Asset Quality Metrics | Metric (Period-End) | 9/30/2025 | 6/30/2025 | 9/30/2024 | | :------------------ | :-------- | :-------- | :-------- | | Nonaccrual Loans | $113,554 | $94,922 | $82,866 | | ORE and Foreclosed Assets | $11,140 | $26,847 | $27,732 | | Nonaccrual Loans as % of Loans | 0.48% | 0.40% | 0.35% | | Total ACL | $341,510 | $340,289 | $342,764 | | ACL as % of Period-End Loans | 1.45% | 1.45% | 1.46% | | ACL as % of Nonaccrual Loans | 276.20% | 329.94% | 382.87% | Net Charge-offs by Loan Category | Net Charge-offs (3 Months Ended) | 9/30/2025 | 6/30/2025 | 9/30/2024 | | :------------------------------- | :-------- | :-------- | :-------- | | Commercial & Real Estate Loans | $7,472 | $14,704 | $14,464 | | Residential Mortgage Loans | $181 | $196 | $28 | | Consumer Loans | $3,777 | $2,886 | $3,535 | | Total Net Charge-offs | $11,430 | $17,786 | $18,027 | | Total Net Charge-offs as % of Average Loans | 0.19% | 0.31% | 0.30% | [Reconciliation of Non-GAAP Measures](index=17&type=section&id=4.6%20Reconciliation%20of%20Non-GAAP%20Measures) This appendix provides reconciliations of non-GAAP financial measures, including Pre-Provision Net Revenue (TE) and Adjusted Pre-Provision Net Revenue (TE), as well as Revenue (TE), Adjusted Revenue (TE), and the Efficiency Ratio, to their most directly comparable GAAP measures Quarterly Non-GAAP Reconciliations | Metric (3 Months Ended) | 9/30/2025 | 6/30/2025 | 9/30/2024 | | :---------------------- | :-------- | :-------- | :-------- | | Net Income (GAAP) | $127,466 | $113,531 | $115,572 | | Pre-provision net revenue (TE) | $175,557 | $162,000 | $166,513 | | Adjusted pre-provision net revenue (TE) | $175,557 | $167,911 | $166,513 | | Total revenue (TE) | $388,310 | $377,979 | $370,352 | | Adjusted noninterest expense for efficiency | $210,059 | $207,544 | $201,547 | | Efficiency ratio (o) | 54.10% | 54.91% | 54.42% | Year-to-Date Non-GAAP Reconciliations | Metric (9 Months Ended) | 9/30/2025 | 9/30/2024 | | :---------------------- | :-------- | :-------- | | Net Income (GAAP) | $360,501 | $338,741 | | Pre-provision net revenue (TE) | $500,000 | $472,059 | | Adjusted pre-provision net revenue (TE) | $505,911 | $475,859 | | Total revenue (TE) | $1,133,791 | $1,089,636 | | Adjusted noninterest expense for efficiency | $620,549 | $606,570 | | Efficiency ratio (o) | 54.73% | 55.67% |

Financial Earnings - BlackRock is expected to report Q3 earnings per share (EPS) of $11.26 on revenues of $6.2 billion, with a focus on organic base fee growth projected at 7% for the quarter [1] - Wells Fargo is projected to earn $1.55 per share on revenues of $21.15 billion, with particular attention on buyback activity and future capital return plans [1] - Goldman Sachs is expected to report EPS of $11 on revenue of $14.1 billion, with a consensus for a 15.4% year-over-year increase in investment banking fees [1] Healthcare Sector - Abbott Laboratories is expected to earn $1.30 per share on revenue of $11.4 billion, with a critical focus on the impact of China's volume-based procurement policy on its diagnostics segment [1] - Abbott's medical devices segment has consistently beaten Wall Street expectations for 10 consecutive quarters, particularly in its continuous glucose monitor business [1] Washington Updates - The market is closely monitoring the ongoing government shutdown and its potential impact on economic growth, with the Bureau of Labor Statistics calling back employees for the consumer price index report [2] - President Trump's announcement of a 100% additional tariff on Chinese imports starting Nov. 1 has heightened trade tensions, affecting market sentiment [2] Salesforce and AI Tools - Salesforce's annual Dreamforce conference is anticipated to provide insights into the value of its AI tools, with a focus on whether these tools can drive revenue growth amid concerns about AI's impact on traditional software models [2]

Earnings Results - Hancock Whitney Corporation is set to release its third-quarter earnings results on October 14, with analysts expecting earnings of $1.43 per share, an increase from $1.33 per share in the same period last year [1] - The company projects quarterly revenue of $391.24 million, compared to $370.35 million a year earlier [1] Recent Performance - On July 15, Hancock Whitney reported better-than-expected results for the second quarter, although its shares fell by 1.7% to close at $61.76 on Thursday [2] Analyst Ratings - Raymond James analyst Michael Rose maintained a Strong Buy rating and raised the price target from $68 to $73 [4] - DA Davidson analyst Gary Tenner maintained a Buy rating and increased the price target from $65 to $67 [4] - Piper Sandler analyst Stephen Scouten maintained an Overweight rating and raised the price target from $70 to $72 [4] - Keefe, Bruyette & Woods analyst Catherine Mealor maintained a Market Perform rating and increased the price target from $63 to $64 [4] - Stephens & Co. analyst Matt Olney maintained an Overweight rating but cut the price target from $73 to $69 [4]

Core Insights - Hancock Whitney Corporation is set to release its third-quarter earnings results on October 14, with analysts expecting earnings of $1.43 per share, an increase from $1.33 per share in the same period last year [1] - The company projects quarterly revenue of $391.24 million, up from $370.35 million a year earlier [1] Analyst Ratings - Raymond James analyst Michael Rose maintained a Strong Buy rating and raised the price target from $68 to $73 [4] - DA Davidson analyst Gary Tenner maintained a Buy rating and increased the price target from $65 to $67 [4] - Piper Sandler analyst Stephen Scouten maintained an Overweight rating and raised the price target from $70 to $72 [4] - Keefe, Bruyette & Woods analyst Catherine Mealor maintained a Market Perform rating and increased the price target from $63 to $64 [4] - Stephens & Co. analyst Matt Olney maintained an Overweight rating but reduced the price target from $73 to $69 [4]