Hancock Whitney Q3 adjusted EPS meets estimates, driven by OFB Bancshares
HWC•Hancock Whitney reported third-quarter adjusted EPS of $1.66, matching analyst estimates. Net income was $110.06 million, while loan and deposit growth was driven by the OFB Bancshares acquisition.
1. Quarterly results
Hancock Whitney's third-quarter adjusted EPS was $1.66, in line with the $1.66 analyst consensus. EPS was $1.36 and net income was $110.06 million; the company said net income declined due to acquisition-related charges.
2. Growth and margin
Loan and deposit balances increased, primarily due to the OFB Bancshares acquisition, with loan growth also supported by commercial real estate and equipment finance lending. Net interest margin rose, helped by purchase accounting accretion and changes in asset yield and mix, partly offset by higher deposit costs.
3. Capital and outlook
The company reported a CET1 capital ratio of 11.53% and said it remains focused on organic growth, operational efficiency, and maintaining a strong capital position following the OFB acquisition.
