Hancock Whitney (HWC) Q3 2025 earnings summary

Executive summary

• Net income for Q3 2025 was $127.5 million ($1.49 per diluted share), up from $113.5 million ($1.32 per share) in Q2 2025 and $115.6 million ($1.33 per share) in Q3 2024, with no supplemental disclosure items in Q3.

• Adjusted pre-provision net revenue reached $175.6 million, a 5% increase from the prior quarter.

• Continued progress on organic growth and operational efficiency, with stable net interest margin and improved capital ratios.

• Loans grew by $135 million (2% annualized), while deposits declined by $387 million, mainly due to seasonality and public fund balance decreases.

• CET1 ratio rose to 14.08%–14.09%, and TCE ratio to 10.01%, both up sequentially.

Financial highlights

• Net interest income (taxable equivalent) for Q3 2025 was $282.3 million, up 1% from Q2 2025.

• Noninterest income rose 8% sequentially to $106.0 million, driven by higher trust, investment, and annuity fees.

• Noninterest expense decreased 1% to $212.8 million, with efficiency ratio improving to 54.10%.

• Return on average assets was 1.46%; return on average common equity was 11.58%.

• Annualized net charge-offs to average loans decreased to 0.19% from 0.31% in the prior quarter.

Outlook and guidance

• Management expects low single-digit loan and deposit growth for Q4 and full-year 2025, with NII projected to rise 3–4% from FY24 and modest NIM expansion in Q4, assuming two 25 bp rate cuts.

• Adjusted PPNR expected to increase 5–6% from FY24, with noninterest income up 9–10% and adjusted noninterest expense up 4–5%.

• Net charge-offs forecasted to average 0.15–0.25% of loans for 2025.

• Efficiency ratio targeted at 54–56% for FY25.

• Continued focus on organic growth, hiring, and branch expansion, especially in Dallas.