Hancock Whitney will buy Trustmark in an all-stock deal valued at roughly $3.2 billion, creating a bank with about $58 billion in assets. Trustmark shareholders will receive 0.7463 Hancock Whitney shares per share, valuing Trustmark at $54.02 per share, an 18.6% premium to its last close.
Hancock Whitney will acquire Trustmark in an all-stock deal valued at roughly $3.2 billion. Trustmark shareholders will receive 0.7463 Hancock Whitney shares for each Trustmark share, valuing Trustmark at $54.02 per share, an 18.6% premium to its last close.
The deal will create a Gulf South-focused bank with roughly $58 billion in assets and strengthen Hancock Whitney’s presence across the southeastern states. The banks expect the transaction to close in late 2027 and estimate it will boost Hancock Whitney’s 2028 profit per share by roughly 7%.
Hancock Whitney shares slipped 10% in premarket trading, while Trustmark rose 5.5% in light volumes. Stephens analyst Matt Olney said the timing was somewhat surprising because Hancock Whitney had just closed its One Florida Bank acquisition and deployed a considerable portion of its excess capital.
