net income $127.0M. Hancock Whitney completes OFB acquisition, posts securities loss on yield restructure

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

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  Completed $377.6M acquisition of OFB Bancshares (One Florida Bank) on August 1, 2026, adding $2.1B in assets, $1.7B in loans, and $1.8B in deposits. Transaction establishes presence in high-growth Orlando market and is expected to be immediately accretive to earnings, with integration completing in Q4 2026.

  Notes: OFB Bancshares acquisition verify on EDGAR →
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  Restructured securities portfolio in January 2026, selling $1.5B in low-yielding securities (2.49% yield) and reinvesting $1.4B at higher yields (4.35%). Recorded $98.6M pre-tax loss ($0.95 per share after tax) with expected 50-month payback period. Restructure adds $23.8M annually to net interest income and increases net interest margin by 7 basis points.

  MD&A: Securities portfolio restructuring verify on EDGAR →
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  Economic outlook now centers on U.S.-Iran conflict driving energy price volatility and inflation to 4.2% in May 2026 before moderating to 3.5% in June. Baseline forecast assumes near-term conflict resolution, no Federal Reserve rate cuts through 2027, and unemployment peaking at 4.6% in Q2 2027. Downside scenario models prolonged conflict, 11% effective tariff rate, and mild recession starting Q3 2026.

  MD&A: Economic outlook scenario weighting verify on EDGAR →