Q2 2026 Hancock Whitney Corp Earnings Call

July 21, 2026

Operator: Good day, ladies and gentlemen, welcome to Hancock Whitney Corporation's Q2 2026 Earnings Conference Call. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session, and instructions will follow at that time. As a reminder, this call may be recorded. I would now like to introduce your host for today's conference, Ashleigh Wilshire, Head of Investor Relations. You may begin.

Speaker #1: Session and instructions will follow at that time. As a reminder, this call may be recorded. I would now like to introduce your host for today's conference, Ashley Wilsher, Head of Investor Relations.

Speaker #1: You may begin.

Speaker #2: Thank you, and good afternoon. During today's call, we may make forward-looking statements. We would like to remind everyone to carefully review the Safe Harbor language that was published with the earnings release and presentation, and in the company's most recent 10-K and 10-Q, including the risks and uncertainties identified therein.

Ashleigh Wilshire: Thank you, good afternoon. During today's call, we may make forward-looking statements. We would like to remind everyone to carefully review the safe harbor language that was published with the earnings release and presentation and in the company's most recent 10-K and 10-Q, including the risks and uncertainties identified therein. You should keep in mind that any forward-looking statements made by Hancock Whitney speak only as of the date on which they were made. As everyone understands, the current economic environment is rapidly evolving and changing. Hancock Whitney's ability to accurately project results or predict the effects of future plans or strategies or predict market or economic developments is inherently limited.

Speaker #2: You should keep in mind that any forward-looking statements made by Hancock Whitney speak only as of the date on which they were made. As everyone understands, the current economic environment is rapidly evolving and changing.

Ashleigh Wilshire: You should keep in mind that any forward-looking statements made by Hancock Whitney speak only as of the date on which they were made. As everyone understands, the current economic environment is rapidly evolving and changing. Hancock Whitney's ability to accurately project results or predict the effects of future plans or strategies or predict market or economic developments is inherently limited.

Speaker #2: Hancock Whitney's ability to accurately project results, predict the effects of future plans or strategies, or anticipate market or economic developments is inherently limited.

Speaker #2: We believe that the expectations reflected or implied by any forward-looking statements are based on reasonable assumptions but are not guarantees of performance or results, and our actual results and performance could differ materially from those set forth in our forward-looking statements.

Ashleigh Wilshire: We believe that the expectations reflected or implied by any forward-looking statements are based on reasonable assumptions, but are not guarantees of performance or results, and our actual results and performance could differ materially from those set forth in our forward-looking statements. Hancock Whitney undertakes no obligation to update or revise any forward-looking statements, and you are cautioned not to place undue reliance on such forward-looking statements. Some of the remarks contain non-GAAP financial measures. You can find reconciliations to the most comparable GAAP measures in our earnings release in the financial tables. The presentation slides included in our 8-K are also posted with the conference call webcast link on the investor relations website. We will reference some of these slides in today's call. Participating in today's call are John Hairston, President and CEO, Mike Achary, CFO, Chris Ziluca, Chief Credit Officer, and Shane Loper, Chief Operating Officer.

Speaker #2: Hancock Whitney undertakes no obligation to update or revise any forward-looking statements, and you are cautioned not to place undue reliance on such forward-looking statements.

Speaker #2: Some of the remarks contain non-GAAP financial measures. You can find reconciliations to the most comparable GAAP measures in our earnings release and the financial tables.

Ashleigh Wilshire: You can find reconciliations to the most comparable GAAP measures in our earnings release in the financial tables. The presentation slides included in our 8-K are also posted with the conference call webcast link on the investor relations website. We will reference some of these slides in today's call. Participating in today's call are John Hairston, President and CEO, Mike Achary, CFO, Chris Ziluca, Chief Credit Officer, and Shane Loper, Chief Operating Officer.

Speaker #2: The presentation slides included in our 8-K are also posted with the conference call webcast link on the investor relations website. We will reference some of these slides in today's call.

Speaker #2: Participating in today's call are John Hairston, President and CEO; Michael Achary, CFO; Chris Saluca, Chief Credit Officer; and Shane Loper, Chief Operating Officer. I will now turn the call over to John Hairston.

Ashleigh Wilshire: I will now turn the call over to John Hairston.

Speaker #3: Thank you, Ashley, and thanks, everyone, for joining us today. The second quarter of 2026 was another strong quarter of profitability, efficiency, and return of capital to shareholders.

John M. Hairston: Thank you, Ashleigh, and thanks everyone for joining us today. Q2 2026 was another strong quarter of profitability, efficiency, and return of capital to shareholders. We were pleased to add solid balance sheet growth on both sides of the ledger to an already excellent quarter. Compared to the same period a year ago, we were pleased to see EPS improvement of 13%, PPNR growth of 6%, a sixth straight Q of improved commercial criticized loans, 5% growth in loans, and 2% growth in total deposits. We were pleased to welcome another 15 net new bankers in Q2, bringing our total for the year to 42 against our annual goal of 50. Focusing on Q2 on a linked Q annualized basis, loans grew 10% and deposits 8%. As shown on slide nine of our investor deck, loan production was strong and line utilization improved.

John Hairston: Thank you, Ashleigh, and thanks everyone for joining us today. Q2 2026 was another strong quarter of profitability, efficiency, and return of capital to shareholders. We were pleased to add solid balance sheet growth on both sides of the ledger to an already excellent quarter. Compared to the same period a year ago, we were pleased to see EPS improvement of 13%, PPNR growth of 6%, a sixth straight Q of improved commercial criticized loans, 5% growth in loans, and 2% growth in total deposits.

Speaker #3: We were pleased to add solid balance sheet growth on both sides of the ledger to an already excellent quarter. Compared to the same period a year ago, we were pleased to see EPS improvement of 13%, PP&R growth of 6%, a sixth straight quarter of improved commercial criticized loans, 5% growth in loans, and 2% growth in total deposits.

Speaker #3: We were pleased to welcome another 15 net new bankers in the second quarter, bringing our total for the year to 42, against our annual goal of 50.

John Hairston: We were pleased to welcome another 15 net new bankers in Q2, bringing our total for the year to 42 against our annual goal of 50. Focusing on Q2 on a linked Q annualized basis, loans grew 10% and deposits 8%. As shown on slide nine of our investor deck, loan production was strong and line utilization improved.

Speaker #3: Focusing on the second quarter, on a linked-quarter annualized basis, loans grew 10% and deposits 8%. As shown on slide 9 of our investor deck, loan production was strong and line utilization improved.

Speaker #3: Growth was spread across every line of business except mortgage. Our guidance for the full year remains unchanged, at mid-single-digit growth. For deposits, the 8% annualized growth was related to an increase in interest-bearing money market accounts of $786 million, partially offset by a slight decline in CD balances from maturities in the quarter.

John M. Hairston: Growth was spread across every line of business excepting mortgage. Our guidance for the full year remains unchanged at mid-single digit growth. For deposits, the 8% annualized growth was related to an increase in interest-bearing money market accounts of $786 million, partially offset by a slight decline in CD balances from maturities in the Q. We've updated our guidance for deposits from low single to mid-single digit growth for the year. Profitability, efficiency, and returns continued to perform very well with a 1.42% ROA, efficiency ratio of 55.3%, and ROTCE of 14.9%. Top-line revenue continued to cover significant offensive reinvestment and net interest margin improved modestly while substantially funding loan growth with core deposits. Expenses were well managed as nearly all our expense growth was due to the full Q impact of robust banker additions in Q1 and merit increases to our overall team in April.

John Hairston: Growth was spread across every line of business excepting mortgage. Our guidance for the full year remains unchanged at mid-single digit growth. For deposits, the 8% annualized growth was related to an increase in interest-bearing money market accounts of $786 million, partially offset by a slight decline in CD balances from maturities in the Q. We've updated our guidance for deposits from low single to mid-single digit growth for the year.

Speaker #3: We've updated our guidance for deposits from low single- to mid-single-digit growth for the year. Profitability, efficiency, and returns continue to perform very well, with a 1.42% ROA, efficiency ratio of 55.3%, and ROTCE of 14.9%.

John Hairston: Profitability, efficiency, and returns continued to perform very well with a 1.42% ROA, efficiency ratio of 55.3%, and ROTCE of 14.9%. Top-line revenue continued to cover significant offensive reinvestment and net interest margin improved modestly while substantially funding loan growth with core deposits. Expenses were well managed as nearly all our expense growth was due to the full Q impact of robust banker additions in Q1 and merit increases to our overall team in April.

Speaker #3: Top-line revenue continued to cover significant offensive reinvestment, and net interest margin improved modestly while substantially funding loan growth with core deposits. Expenses were well managed, as nearly all our expense growth was due to the full-quarter impact of robust banker additions in Q1 and merit increases to our overall team in April.

Speaker #3: We were pleased to secure regulatory and shareholder approval in July for the One Florida Bank transaction, with an expected closing date of August 1.

John M. Hairston: We were pleased to secure regulatory and shareholder approval in July for the One Florida Bank transaction with an expected closing date of 1 August. Mike will add additional comments in his remarks, but I will note we have updated our guidance on page 20 to provide fiscal year 2026 outlook, both excluding and including One Florida. In both cases, the H2 2026 guidance reflects a continuation of high profitability, strong capital, and continuing growth. Regarding capital deployment, our stated priorities remain in capitalizing a growing balance sheet, supporting dividends, and completing the current 5% authorization by the end of this year. We are very pleased here at halftime of 2026 to see very solid performance and growth in alignment with our goals. We are very excited to welcome our new colleagues and clients from One Florida in only 10 days, augmenting our profitability and growth story.

John Hairston: We were pleased to secure regulatory and shareholder approval in July for the One Florida Bank transaction with an expected closing date of 1 August. Mike will add additional comments in his remarks, but I will note we have updated our guidance on page 20 to provide fiscal year 2026 outlook, both excluding and including One Florida. In both cases, the H2 2026 guidance reflects a continuation of high profitability, strong capital, and continuing growth.

Speaker #3: Michael added additional comments in his remarks, but I am on page 20 to provide fiscal year 2026 outlook both excluding and including One Florida. In both cases, the second half of '26 guidance reflects a continuation of high profitability, strong capital, and continuing growth.

Speaker #3: Regarding capital deployment, our stated priorities remain capitalizing a growing balance sheet, supporting dividends, and completing the current 5% authorization by the end of this year.

John Hairston: Regarding capital deployment, our stated priorities remain in capitalizing a growing balance sheet, supporting dividends, and completing the current 5% authorization by the end of this year. We are very pleased here at halftime of 2026 to see very solid performance and growth in alignment with our goals. We are very excited to welcome our new colleagues and clients from One Florida in only 10 days, augmenting our profitability and growth story.

Speaker #3: We are very pleased here at halftime of 2026 to see very solid performance and growth in alignment with our goals. We are very excited to welcome our new colleagues and clients from One Florida in only 10 days, augmenting our profitability and growth story.

Speaker #3: With that, I'll invite Mike to add additional comments.

John M. Hairston: With that, I'll invite Mike to add additional comments.

John Hairston: With that, I'll invite Mike to add additional comments.

Speaker #4: Thanks, John. Good afternoon, everyone. As John said at the onset, the company's performance in the second quarter was excellent. Net income for the quarter was $127,000, or $1.55 per share, compared to adjusted net income of $125,000, or $1.52 per share in the first quarter.

Michael M. Achary: Thanks, John. Good afternoon, everyone. As John said at the onset, the company's performance in Q2 was excellent. Net income for the quarter was $127 million, or $1.55 per share compared to adjusted net income of $125 million or $1.52 per share in Q1. PPNR for the company was up 3% from the prior quarter to $178 million. Expressed as a return on average assets, this continues to be a solid 1.99%. Net interest income increased 3% this quarter. Our fee income business continues to perform remarkably well. Expenses were up but remain well controlled. Fee income for the company was up $2.3 million or 2% adjusted for the net loss on the bond portfolio restructuring last quarter. The increase was driven by higher activity in our investment and annuity income, insurance, as well as our trust business.

Michael Achary: Thanks, John. Good afternoon, everyone. As John said at the onset, the company's performance in Q2 was excellent. Net income for the quarter was $127 million, or $1.55 per share compared to adjusted net income of $125 million or $1.52 per share in Q1. PPNR for the company was up 3% from the prior quarter to $178 million.

Speaker #4: PP&R for the company was up 3% from the prior quarter to $178 million. Express has a return on average assets that continues to be a solid 1.99%.

Michael Achary: Expressed as a return on average assets, this continues to be a solid 1.99%. Net interest income increased 3% this quarter. Our fee income business continues to perform remarkably well. Expenses were up but remain well controlled. Fee income for the company was up $2.3 million or 2% adjusted for the net loss on the bond portfolio restructuring last quarter. The increase was driven by higher activity in our investment and annuity income, insurance, as well as our trust business.

Speaker #4: Net interest income increased 3% this quarter. Our fee income business continues to perform remarkably well, and expenses are up but remain well-controlled. Fee income for the company was up $2.3 million, or 2%, adjusted for the net loss on the bond portfolio restructuring last quarter.

Speaker #4: The increase was driven by higher activity in our investment and annuity income and insurance, as well as our trust business. These increases were offset by a decrease in our syndication fees and SBIC income, which can be somewhat unpredictable from quarter to quarter.

Michael M. Achary: These increases were offset by a decrease in our syndication fees and SBIC income, which can be somewhat unpredictable from quarter to quarter. Expenses remain well controlled, up 2% from the prior quarter and were primarily related to our annual merit increases and the impact of our new hires during H1 2026. As expected, our net interest margin was up this quarter, albeit at a slightly slower pace with a one basis point increase from 3.55% to 3.56%. Our earning asset yield was up two basis points, and our cost of funds was up one basis point. In addition, our level of average earning assets were up $507 million from last quarter. Within higher earning asset yield, we benefited from a higher yield on the bond portfolio and higher average earning asset levels, partially offset by lower loan yields.

Michael Achary: These increases were offset by a decrease in our syndication fees and SBIC income, which can be somewhat unpredictable from quarter to quarter. Expenses remain well controlled, up 2% from the prior quarter and were primarily related to our annual merit increases and the impact of our new hires during H1 2026.

Speaker #4: Expenses remain well controlled, up 2% from the prior quarter, and were primarily related to our annual merit increases and the impact of our new hires during the first half of 2026.

Speaker #4: As expected, our net interest margin was up this quarter, albeit at a slightly slower pace, with a one basis point increase from 3.55% to 3.56%.

Michael Achary: As expected, our net interest margin was up this quarter, albeit at a slightly slower pace with a one basis point increase from 3.55% to 3.56%. Our earning asset yield was up two basis points, and our cost of funds was up one basis point. In addition, our level of average earning assets were up $507 million from last quarter. Within higher earning asset yield, we benefited from a higher yield on the bond portfolio and higher average earning asset levels, partially offset by lower loan yields.

Speaker #4: Our earning asset yield was up 2 basis points, and our cost of funds was up 1 basis point. In addition, our level of average earning assets was up $507 million from last quarter.

Speaker #4: Within higher-earning asset yield, we benefited from a higher yield on the bond portfolio and higher average earning asset levels, partially offset by lower loan yields.

Speaker #4: Within our total cost of funds, unfavorable other borrowing balances and rates were partially offset by a lower cost of deposits. As expected, the yield on the bond portfolio was up 12 basis points to 3.35%, related to a full quarter's impact of the first-quarter restructuring transaction, but also due to reinvestment of principal cash flows during the quarter.

Michael M. Achary: Within our total cost of funds, unfavorable other borrowing balances and rates were partially offset by a lower cost of deposits. As expected, the yield on the bond portfolio was up 12 basis points to 3.35%, related to a full quarter's impact of the Q1 restructuring transaction, but also due to reinvestment of principal cash flows during the quarter. Loan yields were down two basis points, mostly due to the impact of a 12 basis point quarter-over-quarter drop in new loan rates. This was partially offset by a healthy increase in average loans of $374 million linked quarter. Our cost of deposits was down four basis points to 1.43% for the quarter, due mostly to a lower rate on maturing CDs. We did increase promotional rate pricing on our interest-bearing transaction deposits in certain CD maturity buckets, which drove an increase in our end-of-period balances on those deposits.

Michael Achary: Within our total cost of funds, unfavorable other borrowing balances and rates were partially offset by a lower cost of deposits. As expected, the yield on the bond portfolio was up 12 basis points to 3.35%, related to a full quarter's impact of the Q1 restructuring transaction, but also due to reinvestment of principal cash flows during the quarter. Loan yields were down two basis points, mostly due to the impact of a 12 basis point quarter-over-quarter drop in new loan rates.

Speaker #4: Loan yields were down 2 basis points, mostly due to the impact of a 12 basis point quarter-over-quarter drop in new loan rates, but this was partially offset by a healthy increase in average loans of $374 million linked quarter.

Michael Achary: This was partially offset by a healthy increase in average loans of $374 million linked quarter. Our cost of deposits was down four basis points to 1.43% for the quarter, due mostly to a lower rate on maturing CDs. We did increase promotional rate pricing on our interest-bearing transaction deposits in certain CD maturity buckets, which drove an increase in our end-of-period balances on those deposits.

Speaker #4: Our cost of deposits was down 4 basis points, to 1.43% for the quarter, due mostly to a lower rate on maturing CDs. We did increase promotional rate pricing on our interest-bearing transaction deposits in certain CD maturity buckets, which drove an increase in our end-of-period balances on those deposits.

Speaker #4: For the second half of 2026, we do expect the benefit from repricing maturing CDs will largely come to an end, as new CD rates will likely be higher.

Michael M. Achary: For H2 2026, we do expect the benefit from repricing maturing CDs will largely come to an end as new CD rates will likely be higher. Turning to asset quality, our criticized commercial loans improved for the sixth consecutive quarter, decreasing $30 million to $492 million. Non-accrual loans increased $1 million to $114 million. Net charge-offs came in at 16 basis points, down from prior quarter's 19 basis points. Our loan loss reserves are solid at 1.42% of loans. We continue to expect net charge-offs to average loans will come in at between 15 and 25 basis points for the full year 2026. Finally, on slide 20 of the earnings deck, you'll see our forward guidance for the remainder of 2026. For guidance excluding OFB, you will see a number of revisions to our guidance, mostly moving to the upper end of our previous ranges.

Michael Achary: For H2 2026, we do expect the benefit from repricing maturing CDs will largely come to an end as new CD rates will likely be higher. Turning to asset quality, our criticized commercial loans improved for the sixth consecutive quarter, decreasing $30 million to $492 million. Non-accrual loans increased $1 million to $114 million. Net charge-offs came in at 16 basis points, down from prior quarter's 19 basis points. Our loan loss reserves are solid at 1.42% of loans.

Speaker #4: Turning to asset quality, our criticized commercial loans improved for the sixth consecutive quarter, decreasing $30 million to $492 million. Nonaccrual loans increased $1 million to $114 million.

Speaker #4: Net charge-offs came in at 16 basis points, down from the prior quarter's 19 basis points. Our loan loss reserves are solid at 1.42% of loans.

Speaker #4: We continue to expect net charge-offs to average loans will come in at between 15 and 25 basis points for the full year 2026. Finally, in slide 20 of the earnings deck, you'll see our forward guidance for the remainder of 2026.

Michael Achary: We continue to expect net charge-offs to average loans will come in at between 15 and 25 basis points for the full year 2026. Finally, on slide 20 of the earnings deck, you'll see our forward guidance for the remainder of 2026. For guidance excluding OFB, you will see a number of revisions to our guidance, mostly moving to the upper end of our previous ranges.

Speaker #4: For guidance excluding OFB, you will see a number of revisions to our guidance, mostly moving to the upper end of our previous ranges. For guidance including OFB, we expect loans and deposits to be up low double digits, net interest income up between 8 and 9 percent, fee income up between 6 and 7 percent, operating expenses up between 7 and a half and 8 and a half percent, and finally, PP&R up between 7 and 8 percent.

Michael M. Achary: For guidance including OFB, we expect loans and deposits to be up low double digits, net interest income up between 8% and 9%, fee income up between 6% and 7%, operating expenses up between 7.5% and 8.5%, and finally, PPNR up between 7% and 8%. These expectations do not include any meaningful revenue synergies from the acquisition, such as expanding wealth products and services to OFB clients. Also, the cost savings will be fully realized by the time we enter 2027, and as mentioned, we anticipate a closing date of 1 August. As we look forward to the H2 of this year, we remain encouraged by the momentum across our franchise. While the operating environment continues to present challenges, our solid balance sheet, strong customer relationships, and disciplined execution positions us well to deliver on our objectives for remainder of this year and going forward.

Michael Achary: For guidance including OFB, we expect loans and deposits to be up low double digits, net interest income up between 8% and 9%, fee income up between 6% and 7%, operating expenses up between 7.5% and 8.5%, and finally, PPNR up between 7% and 8%. These expectations do not include any meaningful revenue synergies from the acquisition, such as expanding wealth products and services to OFB clients.

Speaker #4: These expectations do not include any meaningful revenue synergies from the acquisition, such as expanding wealth products and services to OFB clients. Also, the cost savings will be fully realized by the time we enter 2027, and as mentioned, we anticipate a closing date of August 1.

Michael Achary: Also, the cost savings will be fully realized by the time we enter 2027, and as mentioned, we anticipate a closing date of 1 August. As we look forward to the H2 of this year, we remain encouraged by the momentum across our franchise. While the operating environment continues to present challenges, our solid balance sheet, strong customer relationships, and disciplined execution positions us well to deliver on our objectives for remainder of this year and going forward.

Speaker #4: As we look forward to the second half of this year, we remain encouraged by the momentum across our franchise. While the operating environment continues to present challenges, our solid balance sheet, strong customer relationships, and disciplined execution position us well to deliver on our objectives for the remainder of this year and going forward.

Speaker #4: I will now turn the call back to John.

Michael M. Achary: I will now turn the call back to John.

Michael Achary: I will now turn the call back to John.

Speaker #1: Thank you, Mike. Let's open the call for questions.

John M. Hairston: Thank you, Mike. Let's open the call for questions.

John Hairston: Thank you, Mike. Let's open the call for questions.

Speaker #5: We will now begin the question and answer session. If you would like to ask a question, please press star 1 on your telephone keypad.

John M. Hairston: We will now begin the question and answer session. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, press star one again. We ask that you pick up your handset when asking a question, and if you are muted locally, please remember to unmute your device. Please stand by while we compile the Q&A roster. Your first question comes from the line of Michael Rose from Raymond James. Please hold. Your line is open. Please go ahead.

Operator: We will now begin the question and answer session. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, press star one again. We ask that you pick up your handset when asking a question, and if you are muted locally, please remember to unmute your device. Please stand by while we compile the Q&A roster. Your first question comes from the line of Michael Rose from Raymond James. Please hold. Your line is open. Please go ahead.

Speaker #5: To withdraw your question, press star one again. We ask that you pick up your handset when asking a question, and if you are muted locally, please remember to unmute your device.

Speaker #5: Please stand by while we compile the Q&A roster. Your first question comes from the line of Michael Rose from Raymond James. Please hold. Your line is open.

Speaker #5: Please go ahead.

Speaker #6: Hey, good afternoon, everyone. Thanks for taking my questions. I just wanted to start on loan growth. Obviously, a very solid quarter, but I think what struck me was the almost 20% increase in quarter-over-quarter production, yet you kind of reiterated the standalone outlook.

Michael Rose: Good afternoon, everyone. Thanks for taking my questions. Just wanted to start on loan growth. Obviously a very solid quarter, but I think what struck me was the almost 20% increase in quarter-over-quarter production, yet you kind of reiterated the standalone outlook for the year, which would imply maybe a bit of a slowdown to some degree. Is that just conservatism or is it competition where you're maybe seeing a little bit more pressure? Just looking to get a little more color on the puts and takes. Thanks.

Speaker #6: For the year, which would imply maybe a bit of a slowdown to some degree. Is that just conservatism, or is it competition where you're maybe seeing a little bit more pressure? Just looking to get a little more color on the puts and takes.

Speaker #6: Thanks.

Speaker #1: Shane, would you like to take that question?

John M. Hairston: Shane, would you like to take that question?

John Hairston: Shane, would you like to take that question?

Speaker #3: Sure. And Michael, maybe to give you a little bit broader context, when we think about our clients, they're still looking at the way that they're approaching their business as broadly stable.

D. Shane Loper: Sure. Michael, maybe give you a little bit broader context. When we think about our clients, they're still looking at the way that they're approaching their business as broadly stable. Majority of them are indicating kind of generally stable performance or steady performance with an outlook that's optimistic. They're being really cautious. Right now there's a lot of credit supply for a limited demand, that's really where the competition is kind of creeping in. We feel like that we did a great job with production this quarter. Loan growth was $588 million. We produced $1.5 billion in loans. That's up from $1.2 billion in Q1, and really had strength in all of our segments, business banking, commercial, middle market. Consumer performed well and CRE is continuing to perform well.

Shane Loper: Sure. Michael, maybe give you a little bit broader context. When we think about our clients, they're still looking at the way that they're approaching their business as broadly stable. Majority of them are indicating kind of generally stable performance or steady performance with an outlook that's optimistic. They're being really cautious.

Speaker #3: Majority of them are indicating kind of generally stable performance or steady performance with an outlook that's optimistic. But they're being really cautious. So right now, there's a lot of credit supply for a limited demand, and that's really where the competition is kind of creeping in.

Shane Loper: Right now there's a lot of credit supply for a limited demand, that's really where the competition is kind of creeping in. We feel like that we did a great job with production this quarter. Loan growth was $588 million. We produced $1.5 billion in loans. That's up from $1.2 billion in Q1, and really had strength in all of our segments, business banking, commercial, middle market. Consumer performed well and CRE is continuing to perform well.

Speaker #3: We feel like we did a great job with production this quarter. Loan growth was $588 million. We produced $1.5 billion in loans.

Speaker #3: That's up from $1.2 billion in the first quarter. And we really had strength in all of our segments: business banking, commercial, middle market, consumer performed well, and CRE is continuing to perform well.

Speaker #3: A lot of net growth was supported with new originations. Line fundings were up slightly this quarter, and then we saw normalized paydown and payoff activity.

D. Shane Loper: A lot of net growth supported with new originations. Line fundings were up slightly this quarter. We saw normalized paydown and payoff activity. I really look at our growth for the quarter as really high quality, spread across all of our segments and geographies. Pricing, I know you'll probably ask about pricing. Pricing continues to be highly competitive. We're focused and disciplined on our pricing, but really just trying to step up and match off against the competition without giving too much, so we can continue to grow the balance sheet.

Shane Loper: A lot of net growth supported with new originations. Line fundings were up slightly this quarter. We saw normalized paydown and payoff activity. I really look at our growth for the quarter as really high quality, spread across all of our segments and geographies. Pricing, I know you'll probably ask about pricing. Pricing continues to be highly competitive. We're focused and disciplined on our pricing, but really just trying to step up and match off against the competition without giving too much, so we can continue to grow the balance sheet.

Speaker #3: So, I really look at our growth for the quarter as really high quality, spread across all of our segments and geographies. Pricing—I know you'll probably ask about pricing.

Speaker #3: Pricing continues to be highly competitive. We're focused and disciplined on our pricing, but really just trying to step up and match off against the competition without giving too much, so we can continue to grow the balance sheet.

Speaker #1: Yeah. And Michael, this is John. I'll add to Shane's comments. It's probably good to look at the first half of the year as a body of work, and the second half as another body of work.

John M. Hairston: Yeah, Michael, this is John. I'll add to Shane's comments. It's probably good to look at H1 of the year as a body of work and H2 as another body of work. While the numbers for Q2 certainly were outstanding, one of our better quarters we've had in several years, a lot of that work did happen in Q1 and close in early Q2. Hence, the average balances increases for Q2 a little bit better than I have in some quarters where we just didn't do real well. I think if you look at H2 of the year, I wouldn't say we're being conservative. I think what Shane's telling you is exactly what we expect.

John Hairston: Yeah, Michael, this is John. I'll add to Shane's comments. It's probably good to look at H1 of the year as a body of work and H2 as another body of work. While the numbers for Q2 certainly were outstanding, one of our better quarters we've had in several years, a lot of that work did happen in Q1 and close in early Q2. Hence, the average balances increases for Q2 a little bit better than I have in some quarters where we just didn't do real well. I think if you look at H2 of the year, I wouldn't say we're being conservative. I think what Shane's telling you is exactly what we expect.

Speaker #1: And while the numbers for Q2 certainly were outstanding—in one of our better quarters we've had in several years—a lot of that work did happen in Q1 and closed in early Q2.

Speaker #1: Hence, the average balance has increased for the second quarter—a little bit better than I have in some quarters, where we descended real well. So I think if you look at the second half of the year, I wouldn't say we're being conservative.

Speaker #1: I think what Shane's telling you is exactly what we expect. But we do have to remember, in the face of potential rate increases and inflation, that while it may be well-behaved, there are certainly macro conditions that could cause it to go up.

John M. Hairston: We do have to remember in the face of potential rate increases and inflation, that while it may be well behaved, certainly there are macro conditions that could cause it up. We could see some dampening of appetite, we want to be realistic in our guide to mid-singles for the year.

John Hairston: We do have to remember in the face of potential rate increases and inflation, that while it may be well behaved, certainly there are macro conditions that could cause it up. We could see some dampening of appetite, we want to be realistic in our guide to mid-singles for the year.

Speaker #1: We could see some dampening of appetite, so we want to be realistic in our guide to a mid-single for the year.

Speaker #5: Your next question comes from the line of Kathryn.

John M. Hairston: Your next question-

Operator: Your next question

John M. Hairston: Sorry about that.

John Hairston: Sorry about that.

John M. Hairston: comes from the line of Catherine.

Operator: comes from the line of Catherine.

Speaker #1: Michael, did you have a follow-up?

John M. Hairston: Michael, do you have a follow-up?

John Hairston: Michael, do you have a follow-up?

Speaker #5: Apologies. We can bring Michael back.

John M. Hairston: Apologies. We can bring Michael back.

Operator: Apologies. We can bring Michael back.

Speaker #1: Did you have a follow-up, Michael?

John M. Hairston: Did you have a follow-up, Michael?

John Hairston: Did you have a follow-up, Michael?

Speaker #5: I had to bring you back. Please hold one moment. Michael, your line is open. Please go ahead.

John M. Hairston: Please hold one moment. Michael, your line is open. Please go ahead.

Operator: Please hold one moment. Michael, your line is open. Please go ahead.

Michael Rose: All right. Sorry about that. I couldn't get off mute. Maybe just as a follow-up, Mike, maybe if you can talk about some of the deposit competition and what you're seeing there. I know Shane touched on the loan side. Looks like the NIB mix did tick down 60 or 70 basis points Q-on-Q. Can you just talk about the ongoing ability to fund loan growth and just competitive trends in and around your markets? Thanks.

Speaker #6: All right. Sorry about that. I couldn't get off mute. Maybe, just as a follow-up, Mike, maybe if you can talk about some of the deposit competition and what you're seeing there.

Speaker #6: I know Shane touched on the loan side. It looks like the NIB mix did tick down 60 or 70 basis points quarter over quarter.

Speaker #6: Can you just talk about the ongoing ability to fund loan growth, and competitive trends in and around your markets? Thanks.

Speaker #1: Sure, I'd be glad to, Michael. So, I think the best way to describe the deposit pricing environment is that it's absolutely competitive, but at least in our markets, it's also pretty rational.

Michael M. Achary: Sure, I'd be glad to, Michael. I think the best way to describe the deposit pricing environment is absolutely, it's competitive, but at least in our markets, it's also pretty rational. By that, I mean, we're in an environment now where there are banks that are experiencing more demand for loans. People certainly like to fund their loan growth with deposit growth, and we're no different. I think you're seeing the elevation in deposit costs that have been talked about for the past couple of months, really the past couple of quarters. It's certainly here now. For us, one of the things that we're most pleased with about the quarter was not only the arrival of pretty significant organic balance sheet growth, but the fact that we were able to fund that growth really dollar for dollar with deposits.

Michael Achary: Sure, I'd be glad to, Michael. I think the best way to describe the deposit pricing environment is absolutely, it's competitive, but at least in our markets, it's also pretty rational. By that, I mean, we're in an environment now where there are banks that are experiencing more demand for loans. People certainly like to fund their loan growth with deposit growth, and we're no different.

Speaker #1: And by that, I mean we're in an environment now where there are banks that are experiencing more demand for loans. People certainly like to fund their loan growth with deposit growth, and we're no different.

Speaker #1: So, I think you're seeing the elevation in deposit costs that have been talked about for the past couple of months—really, the past couple of quarters.

Michael Achary: I think you're seeing the elevation in deposit costs that have been talked about for the past couple of months, really the past couple of quarters. It's certainly here now. For us, one of the things that we're most pleased with about the quarter was not only the arrival of pretty significant organic balance sheet growth, but the fact that we were able to fund that growth really dollar for dollar with deposits.

Speaker #1: So it's certainly here now. For us, one of the things that we're most pleased with about the quarter was not only the arrival of pretty significant organic balance sheet growth, but the fact that we were able to fund that growth really dollar for dollar with deposits.

Speaker #1: So that's really what we're trying to achieve. And as we think about the second half of the year, the plan is to continue to do that.

Michael M. Achary: That really is what we're trying to achieve. As we think about the H2, the plan is to continue to do that. While you alluded to a little bit of a step down, maybe in the level of loan growth for the H2, you probably should also note that it's a little bit of a step up in deposit growth for the H2. I think where you'll see us land at the end of the year is with loan growth pretty much matched off dollar for dollar with deposit growth. That is exactly the way we'd like to manage our balance sheet now, as well as going forward. Hopefully that was helpful.

Michael Achary: That really is what we're trying to achieve. As we think about the H2, the plan is to continue to do that. While you alluded to a little bit of a step down, maybe in the level of loan growth for the H2, you probably should also note that it's a little bit of a step up in deposit growth for the H2. I think where you'll see us land at the end of the year is with loan growth pretty much matched off dollar for dollar with deposit growth. That is exactly the way we'd like to manage our balance sheet now, as well as going forward. Hopefully that was helpful.

Speaker #1: So while you alluded to a little bit of a step-down, maybe, in the level of loan growth for the second half of the year, you probably should also note that there’s a little bit of a step-up in deposit growth for the second half of the year.

Speaker #1: So I think where you'll see us land at the end of the year is with loan growth pretty much matched off, dollar for dollar, with deposit growth.

Speaker #1: And that is exactly the way we'd like to manage our balance sheet now, as well as going forward. So hopefully, that was helpful.

Speaker #6: Yep, very helpful. I'll step back now. Thanks for taking my questions.

Michael Rose: Yep, very helpful. I'll step back now. Thanks for taking my questions.

Speaker #1: Thanks, Michael.

Michael M. Achary: Thanks, Michael.

Michael Achary: Thanks, Michael.

Speaker #5: Your next question comes from the line of Kathryn Miller from KBW. Please go ahead.

Michael M. Achary: Your next question comes from the line of Catherine Mealor from KBW. Please go ahead.

Operator: Your next question comes from the line of Catherine Mealor from KBW. Please go ahead.

Speaker #7: Thanks. Just one follow-up on deposit pricing. You talked about an increase in deposit growth at the end of the quarter from some promotional interest-bearing transactions.

Catherine Mealor: Thanks. Just one follow-up on just deposit pricing. You talked about an increase in deposit growth at the end of the quarter, just from some promotional interest-bearing transactions. Can you talk about the cost around what that looks like? As we grow your interest-bearing transaction accounts, outside of any changes in rates, where do you think that trends to with those promotional deposits coming in there?

Speaker #7: Can you talk about the cost around what that looks like and as we grow your interest-bearing transaction accounts, where do you outside of any rate changes in rates, where do you think that trends to with those promotional deposit coming in there?

Speaker #1: Yeah, sure. I'd be glad to, Kathryn. So, again, if you look at the second quarter, it was a bit of an unusual situation, where most of the deposit growth was really back-ended toward the end of the second quarter.

John M. Hairston: Yeah, sure. I'd be glad to, Catherine. Again, if you look at Q2, a little bit of an unusual situation where most of the deposit growth was really back-ended toward the end of Q2. We had the increase in end of period deposits of about $550 million, but the average for the quarter was actually down about $50 million or so. I think going forward in H2, you'll see that end of period growth should match pretty good the average growth in Q3 and Q4. What we did in Q2 is we began to really focus on bringing in deposits. There were a couple of promotional things that we did.

Michael Achary: Yeah, sure. I'd be glad to, Catherine. Again, if you look at Q2, a little bit of an unusual situation where most of the deposit growth was really back-ended toward the end of Q2. We had the increase in end of period deposits of about $550 million, but the average for the quarter was actually down about $50 million or so. I think going forward in H2, you'll see that end of period growth should match pretty good the average growth in Q3 and Q4. What we did in Q2 is we began to really focus on bringing in deposits. There were a couple of promotional things that we did.

Speaker #1: So we had the increase in end-of-period deposits of about $550 million, but the average for the quarter was actually down about $50 million or so.

Speaker #1: So I think going forward in the second half of the year, you'll see that end-of-period growth should pretty much match the average growth in the third quarter and the fourth quarter.

Speaker #1: So, what we did in the second quarter is we began to really focus on bringing in deposits. And there were a couple of promotional things that we did.

Speaker #1: So, we have an 11-month CD at 3.85% that we had been offering in Florida and Texas, and we decided to expand that to kind of the core of the franchise.

John M. Hairston: We have an 11-month CD at 3.85% that we had been offering in Florida and Texas that we decided to expand that to kind of the core of the franchise, Louisiana, Mississippi, and Alabama. That did prove to be pretty successful. We also have a money market offering at 3.75%.

Michael Achary: We have an 11-month CD at 3.85% that we had been offering in Florida and Texas that we decided to expand that to kind of the core of the franchise, Louisiana, Mississippi, and Alabama. That did prove to be pretty successful. We also have a money market offering at 3.75%.

Speaker #1: So, Louisiana, Mississippi, and Alabama—and that did prove to be pretty successful. We also have a money market offering at 3.75% for some existing customers.

Michael M. Achary: For some existing customers, and then a 4% money market offering for new customers. In addition to that, we're offering a promotional CD in Orlando related to OFB. Those are the promotional deposit pricing offerings that we have in place. Again, those were all pretty successful in H2 of Q2, and we think they'll be pretty successful going forward as well.

Michael Achary: For some existing customers, and then a 4% money market offering for new customers. In addition to that, we're offering a promotional CD in Orlando related to OFB. Those are the promotional deposit pricing offerings that we have in place. Again, those were all pretty successful in H2 of Q2, and we think they'll be pretty successful going forward as well.

Speaker #1: And then a 4% money market offering for new customers. In addition to that, we're offering a promotional CD in Orlando related to OFB.

Speaker #1: So, those are the promotional deposit pricing offerings that we have in place. Again, those were all pretty successful in the second half of the second quarter, and we think they'll be pretty successful going forward as well.

Catherine Mealor: Right. It's fair to say, did you get the full impact of that? Is it fair to say we're at a bottom for deposit costs, and so that'll just start to increase as we move through H2?

Speaker #7: It's fair to say that you get the full impact of that. Is it fair to say we're at a bottom for deposit costs and that those will just start to increase as we move into the back half of the year?

Speaker #1: Yeah, I think so. I think as we look at the second half of the year, yeah, I think as we look at the second half of the year, you'll see NII continue to grow.

Michael M. Achary: Yeah, I think so. I think as we look at the H2 of the year, you'll see NII continue to grow. It may not grow as much as it did in Q2, but it certainly will grow in the H2 of the year. I think our NIM will be flat to slightly up. Certainly, we'll see an increase in deposit costs as well as our cost of funds. In the H2 of the year, our cost of deposits could be up around 10 basis points or so. That's from Q2 through Q4. We'll continue to reprice bonds and fixed-rate loans higher. That's a big obvious tailwind that we have. Certainly the biggest tailwind will be the continuation of organic balance sheet growth in the H2 of the year.

Michael Achary: Yeah, I think so. I think as we look at the H2 of the year, you'll see NII continue to grow. It may not grow as much as it did in Q2, but it certainly will grow in the H2 of the year. I think our NIM will be flat to slightly up. Certainly, we'll see an increase in deposit costs as well as our cost of funds. In the H2 of the year, our cost of deposits could be up around 10 basis points or so. That's from Q2 through Q4. We'll continue to reprice bonds and fixed-rate loans higher. That's a big obvious tailwind that we have. Certainly the biggest tailwind will be the continuation of organic balance sheet growth in the H2 of the year.

Speaker #1: It may not grow as much as it did in the second quarter, but it certainly will grow in the second half of the year.

Speaker #1: I think our NIM will be flat to slightly up. And certainly, we'll see an increase in deposit costs, as well as our cost of funds.

Speaker #1: So, in the second half of the year, our cost of deposits could be up around 10 basis points or so. And that's from the second quarter through the fourth quarter.

Speaker #1: We'll continue to reprice bonds and fixed-rate loans higher. That's a big, obvious tailwind that we have. And then certainly, the biggest tailwind will be the continuation of organic balance sheet growth in the second half of the year.

Speaker #1: So, loans are growing at mid-single digits, along with deposits.

Michael M. Achary: Loans growing at mid-single digits along with deposits.

Michael Achary: Loans growing at mid-single digits along with deposits.

Speaker #7: And if I might, just one more thing on the margin, just to tie it together. If I look at loan yield, those were flat.

Catherine Mealor: If I might, just one more thing on the margin, just to tie it together.

Michael M. Achary: Sure.

Michael Achary: Sure.

Catherine Mealor: If I look at loan yields, those were flat or actually down a few basis points linked quarter.

Speaker #7: Or actually down a few basis points late quarter. And your new loan yields coming in—it looks like 6.04%, which is still higher than that 5.60% average, but that's come down a lot over the past couple of quarters.

Michael M. Achary: Right.

Michael Achary: Right.

Catherine Mealor: Your new loan yields are coming in, it looks like 604. It's still higher than that 560 average, but that's come down-

Michael M. Achary: Right

Michael Achary: Right

Catherine Mealor: It's come down a lot over the past couple of quarters. Do you still think we're in an environment where we can move that 560 higher over H2?

Speaker #7: So, do you still think we're in an environment where we can move that $560 higher over the back half of the year?

Speaker #1: Yeah, I think with respect to the loan yield, what you'll see is some modest increase. We got a nice head start in July, with SOFR being up about 4 basis points coming into the month.

Michael M. Achary: Yeah. I think with respect to the loan yield, what you'll see is some modest increase. We got a nice head start in July with SOFR being up about four basis points coming into the month, so that'll certainly be a little bit of a tailwind. If we look at our loan yield over H2, I do think we'll see a little bit of an increase, call it four to five basis points maybe.

Michael Achary: Yeah. I think with respect to the loan yield, what you'll see is some modest increase. We got a nice head start in July with SOFR being up about four basis points coming into the month, so that'll certainly be a little bit of a tailwind. If we look at our loan yield over H2, I do think we'll see a little bit of an increase, call it four to five basis points maybe.

Speaker #1: So that'll certainly be a little bit of a tail, but if we look at our loan yield over the second half of the year, I do think we'll see a little bit of an increase.

Speaker #1: Call it four to five basis points, maybe.

Speaker #7: Okay, great. Very helpful. Thank you.

Catherine Mealor: Okay, great. Very helpful. Thank you.

Speaker #1: Okay.

Michael M. Achary: Okay.

Michael Achary: Okay.

Speaker #5: Your next question comes from the line of Freddie Strickland from Hobbs Group. Your line is open. Please go ahead.

Michael M. Achary: Your next question comes from the line of Feddie Strickland from Hovde Group. Your line is open. Please go ahead.

Operator: Your next question comes from the line of Feddie Strickland from Hovde Group. Your line is open. Please go ahead.

Speaker #8: Hey, good afternoon. Just wanted to follow up on Kathryn's line of questioning on the loan yields. Specifically, I wanted to ask about middle-market C&I—maybe whether there's been any kind of abatement in competition in that space, or is it still pretty tight?

Feddie Strickland: Hey, good afternoon. Just wanted to follow along Catherine's line of questioning on the loan yields. Specifically, I wanted to ask about middle market C&I, maybe whether there's been any kind of abatement in competition in that space, or is it still pretty tight?

Speaker #1: Hey, this is Shane. It's very tight. As I was talking with Michael, the clients are really managing pretty well through the uncertainty. There is a pretty fair amount of loan demand, but there's a much, much higher level of supply.

D. Shane Loper: Hey, this is Shane Loper. It's very tight. As I was talking with Michael, the clients are really managing pretty well through the uncertainty. There is a pretty fair amount of loan demand, but there's a much higher level of supply. To get those quality deals and grow responsibly, it is very tough right now in terms of pricing. We've improved our pricing model and are talking with each one of our bankers, ensuring that we're getting the best pricing that we can get. We're also trying to win the deals to make sure that we're growing the balance sheet and we're doing it in a high-quality manner. It's very tough right now. Bankers are doing a great job calling and saving deals that we currently already have on the books and bringing on new deals.

Shane Loper: Hey, this is Shane Loper. It's very tight. As I was talking with Michael, the clients are really managing pretty well through the uncertainty. There is a pretty fair amount of loan demand, but there's a much higher level of supply. To get those quality deals and grow responsibly, it is very tough right now in terms of pricing.

Speaker #1: So, to get those quality deals and grow responsibly, it's very tough right now in terms of pricing. We've improved our pricing model and are talking with each one of our bankers, ensuring that we're getting the best pricing that we can get, but we're also trying to win the deals to make sure that we're growing the balance sheet.

Shane Loper: We've improved our pricing model and are talking with each one of our bankers, ensuring that we're getting the best pricing that we can get. We're also trying to win the deals to make sure that we're growing the balance sheet and we're doing it in a high-quality manner. It's very tough right now. Bankers are doing a great job calling and saving deals that we currently already have on the books and bringing on new deals.

Speaker #1: And we're doing it in a high-quality manner. But it's very tough right now. Bankers are doing a great job calling and saving deals that we currently already have on the books, and bringing on new deals.

Speaker #8: Got it. Appreciate that. And just switching gears, on non-interest income, it looks like you revised the guide up a bit. Is there a particular component driving the better expectations there, whether it's trust or the investment, annuity, and insurance lines, or is it just kind of what you've seen so far this year?

Feddie Strickland: Got it. Appreciate that. Just switching gears, non-interest income, it looks like you revised the guide up a bit. Is there a particular component driving the better expectations there, whether it's trust or the investment annuity insurance line, or is it just kind of what you've seen so far this year? Just curious maybe what you're seeing that led you to increase that a little bit.

Speaker #8: Just curious, maybe, what you're seeing that led you to increase that a little bit.

Speaker #1: Yeah, we continue to be very proud of the wealth management execution and the progress that they're making, both in the broker-dealer and across the trust platforms.

D. Shane Loper: Yeah. We continue to be very proud of the wealth management execution and progress that they're making, both in the broker-dealer and across the trust platforms. We do have a little bit of tailwind from the Sabal deal from last year. Overall, the penetration into the current client book and new business one is performing very well and really have to give kudos to the wealth management team. Card and merchant services has always been a pretty strong suit for us, and that continues to perform well. When we look at secondary mortgage, it's pretty much in line with expectations. Like to see more syndication fees as we move forward, and I know that team's working on that hard as we go forward.

Shane Loper: Yeah. We continue to be very proud of the wealth management execution and progress that they're making, both in the broker-dealer and across the trust platforms. We do have a little bit of tailwind from the Sabal deal from last year. Overall, the penetration into the current client book and new business one is performing very well and really have to give kudos to the wealth management team.

Speaker #1: We do have a little bit of tailwind from the Sable deal from last year, but overall, the penetration into the current client book and new business is performing very well. I really have to give kudos to the wealth management team.

Speaker #1: Card and merchant services have always been a pretty strong suit for us, and that continues to perform well. When we look at secondary mortgage, it's pretty much in line with expectations.

Shane Loper: Card and merchant services has always been a pretty strong suit for us, and that continues to perform well. When we look at secondary mortgage, it's pretty much in line with expectations. Like to see more syndication fees as we move forward, and I know that team's working on that hard as we go forward.

Speaker #1: I'd like to see more syndication fees as we move forward. And I know that team's working on that hard as we go forward. But the wealth management is really performing and I think that's a result of the investments we've made really over the last five to eight years and just skills and process and tools and capabilities.

D. Shane Loper: The wealth management is really performing, and I think that's a result of the investments we've made really over the last five to eight years in just skills and process and tools and capabilities.

Shane Loper: The wealth management is really performing, and I think that's a result of the investments we've made really over the last five to eight years in just skills and process and tools and capabilities.

Speaker #8: Understood. That's helpful. Thanks for taking my questions.

Feddie Strickland: Understood. That's helpful. Thanks for taking my questions.

Speaker #1: You asking.

D. Shane Loper: You bet. Thanks for asking.

Shane Loper: You bet. Thanks for asking.

Speaker #5: Your next question comes from the line of Steven Scouten from Piper Sandler. Please go ahead.

D. Shane Loper: Your next question comes from the line of Stephen Scouten from Piper Sandler. Please go ahead.

Operator: Your next question comes from the line of Stephen Scouten from Piper Sandler. Please go ahead.

Speaker #9: Yeah, good afternoon. Thanks for the time here. I'm curious, briefly, about the changes in the CSOL methodology you mentioned in the presentation. Can you give us any additional color there, and what kind of precipitated that? Was that some of Moody's just worsening the scenarios overall, or what kind of drove that change?

Stephen Scouten: Yeah, good afternoon. Thanks for the time here.

Stephen Scouten: I'm curious, briefly, the changes in the CECL methodology you mentioned in the presentation, can you give us any additional color there on what kind of precipitated that? If that was some of Moody's just worsening the scenarios overall, or what kind of drove that change?

Speaker #1: Yes, Steve. And this is Mike. I'll start, and certainly Chris can offer some color if he'd like to. But really, what we saw with the Moody's scenarios was the baseline becoming more conservative than it was before.

Michael M. Achary: Yes, Stephen, this is Michael. I'll start, and certainly Chris can offer some color if he'd like to. Really what we saw with the new scenarios was the baseline becoming more conservative than it was before. I think if you go back a quarter or so, it was pretty apparent that the baseline scenario probably didn't fully include maybe the impact of what's going on in the Middle East. Certainly now it does. We felt it was appropriate to go ahead and add a little bit more emphasis to the baseline and to round things out, obviously, to the slow growth scenario. We went from 40/60 to 50/50. It was really just as simple as that.

Michael Achary: Yes, Stephen, this is Michael. I'll start, and certainly Chris can offer some color if he'd like to. Really what we saw with the new scenarios was the baseline becoming more conservative than it was before. I think if you go back a quarter or so, it was pretty apparent that the baseline scenario probably didn't fully include maybe the impact of what's going on in the Middle East.

Speaker #1: I think if you go back a quarter or so, it was pretty apparent that the baseline scenario probably didn't fully include, maybe, the impact of what's going on in the Middle East. Certainly now it does.

Michael Achary: Certainly now it does. We felt it was appropriate to go ahead and add a little bit more emphasis to the baseline and to round things out, obviously, to the slow growth scenario. We went from 40/60 to 50/50. It was really just as simple as that.

Speaker #1: So we felt it was appropriate to go ahead and add a little bit more emphasis to the baseline, and to round things out, obviously, to the slow growth scenario.

Speaker #1: So we went from 40/60 to 50/50, but it's really just as simple as that.

Speaker #9: Got it. Very helpful. Okay, and just on the pace of hiring—obviously, you're getting very close to that 50-person goal already here halfway through the year, what have you.

Stephen Scouten: Got it. Very helpful. Okay. Just on the pace of hiring, obviously, you're getting very close to that 50-person goal already here halfway through the year, what have you. What sort of upside to that number could there be? Would you extend much further beyond that 50-person headcount if it was available, even if it meant maybe the efficiency ratio going a tick higher in the near term? How would we think about the push-pull there on investment timing?

Speaker #9: What sort of upside to that you extend much further beyond that 50-person headcount if it was available, even if it meant maybe near term?

Speaker #9: How should we think about the push and pull when it comes to investment timing?

Speaker #1: Hey, this is Shane. Thanks for the question. This is a bright spot. I mean, we have had great success this year. We're at 42 against our 50 overall.

D. Shane Loper: Hey, this is Shane. Thanks for the question. This is a bright spot, and we have had great success this year. We're at 42 against our 50 overall. We feel very confident in the 50. I think, as we look forward, we will continue to be focused on opportunities that come up. Our bankers are performing as we expected. That momentum and flywheel is beginning to build. We're seeing really good production. I think 26% of the growth for the quarter was out of new bankers that we've hired. Really beginning to see the momentum take place. Very proud of the leadership team that's been executing this recruiting. That started back in Q4 2025, really working on bringing new bankers to the company. Feel good about the 50, and we'll look forward to opportunities that present themselves.

Shane Loper: Hey, this is Shane. Thanks for the question. This is a bright spot, and we have had great success this year. We're at 42 against our 50 overall. We feel very confident in the 50. I think, as we look forward, we will continue to be focused on opportunities that come up. Our bankers are performing as we expected. That momentum and flywheel is beginning to build. We're seeing really good production.

Speaker #1: We feel very confident in the $50. And I think as we look forward, we will continue to be focused on opportunities that come up.

Speaker #1: Our bankers are performing as we expected. That momentum and flywheel are beginning to build. We're seeing really good production, too. I think 26% of the growth for the quarter was out of new bankers that we've hired.

Shane Loper: I think 26% of the growth for the quarter was out of new bankers that we've hired. Really beginning to see the momentum take place. Very proud of the leadership team that's been executing this recruiting. That started back in Q4 2025, really working on bringing new bankers to the company. Feel good about the 50, and we'll look forward to opportunities that present themselves.

Speaker #1: So, really beginning to see the momentum take place. Very proud of the leadership team that's been executing this recruiting. That started back in the fourth quarter of '25, really working on bringing new bankers to the company.

Speaker #1: So, feel good about the 50, and we'll look forward to opportunities that present themselves.

Speaker #9: Okay. And just, I mean, do you think there's— I mean, is there an impediment to going much beyond that, just from an expense perspective?

Stephen Scouten: Okay. Is there an impediment to going much beyond that, just from an expense perspective? Would you want to space it out more ratably? Just opportunistic irrespective of the timing if good people come available?

Speaker #9: Would you want to space it out a bit more, or just be opportunistic irrespective of the timing, if good people become available?

Speaker #1: Yeah, I don't think we have a specific number, but we know what it costs to bring on a new banker and the time that it takes for them to get accretive, and we feel like we've got room to add the ones that we need to add.

D. Shane Loper: No. I don't think we have a specific number, but we know what it costs to bring on a new banker and the time that it takes for them to get accretive, and we feel like we've got room to add the ones that we need to add.

Shane Loper: No. I don't think we have a specific number, but we know what it costs to bring on a new banker and the time that it takes for them to get accretive, and we feel like we've got room to add the ones that we need to add.

Speaker #3: And, Steven, you'll note that we did increase the guidance around operating expenses excluding OFB. And I think some of that was a little bit of a nod to the potential that we could add a few more people, potentially.

Michael M. Achary: Stephen, you'll note that we did increase the guidance around operating expenses excluding OFB, and I think some of that was a little bit of a nod to the potential that we could add a few more people potentially.

Michael Achary: Stephen, you'll note that we did increase the guidance around operating expenses excluding OFB, and I think some of that was a little bit of a nod to the potential that we could add a few more people potentially.

Speaker #9: Great. This is John.

John M. Hairston: Great.

Stephen Scouten: Great.

John M. Hairston: This is John.

John Hairston: This is John.

Speaker #8: Appreciate that.

John M. Hairston: Appreciate that.

Stephen Scouten: Appreciate that.

Speaker #5: Your next question comes from the line of Brett Rabbiton from StoneX Group. Please go ahead.

John M. Hairston: Your next question comes from the line of Brett Rabatin from StoneX Group. Please go ahead.

Operator: Your next question comes from the line of Brett Rabatin from StoneX Group. Please go ahead.

Speaker #10: Hey, good afternoon, everyone. Thanks for the questions. I wanted to talk about the franchise post the One Florida deal and just see if there were thoughts for maybe additional expansion in Florida.

Brett Rabatin: Hey, good afternoon, everyone. Thanks for the questions. Wanted just to talk about the franchise post the One Florida deal and just see if there were thoughts for maybe additional expansion in Florida. Post you bulking up in Orlando, is the way to think about the organic growth level of the franchise from here, have we moved that up several percent with some of the recent hires in Texas and Florida? Any thoughts on how you guys view yourself in terms of a growth company going forward?

Speaker #10: And then, post you bulking up in Orlando, is the way to think about the organic growth level of the franchise from here? Have we moved that up several percent with some of the recent hires in Texas and Florida?

Speaker #10: Or just any thoughts on how you guys view yourselves in terms of being a growth company going forward?

Speaker #1: Yeah, thanks for the question. This is John. I'll start, and the team can jump in if they want to add more color. Obviously, the initial focus with the August 1 close is on welcoming that new book of clients and those new team members—getting them comfortable over the course of the next several months as we focus on integration.

John M. Hairston: Yeah. Thanks for the question. This is John. I'll start. The team can jump in there if they want to add more color. Obviously the initial focus with the 1 August close is in welcoming that new book of clients and those new team members, getting them comfortable over the course of the next several months as we focus on integration. That'll be mid to late Q4 to get that integration completely wrapped up. Really the back half of the year in terms of the expanded market in Orlando is about acclimating the team and getting people comfortable, and then as we move into 2027, we'll be able to talk a little bit more about what expectations are in Orlando moving forward. A number of the team members there are quite familiar with surrounding markets.

John Hairston: Yeah. Thanks for the question. This is John. I'll start. The team can jump in there if they want to add more color. Obviously the initial focus with the 1 August close is in welcoming that new book of clients and those new team members, getting them comfortable over the course of the next several months as we focus on integration.

Speaker #1: And that'll be mid to late Q4 to get that integration completely wrapped up. So, really, the back half of the year in terms of the expanded market in Orlando is about acclimating the team and getting people comfortable. Then, as we move into '27, we'll be able to talk a little bit more about what expectations are in Orlando moving forward.

John Hairston: That'll be mid to late Q4 to get that integration completely wrapped up. Really the back half of the year in terms of the expanded market in Orlando is about acclimating the team and getting people comfortable, and then as we move into 2027, we'll be able to talk a little bit more about what expectations are in Orlando moving forward. A number of the team members there are quite familiar with surrounding markets.

Speaker #1: A number of the team members there are quite familiar with surrounding markets. We've obviously shared, I think on a call or two in the past, our desire to build up a bigger book in Jacksonville.

John M. Hairston: We've obviously shared, I think, on a call or two past our desire to build up a bigger book in Jacksonville. Really, it's a little early to share what that plan may be. As soon as we get the integration done and in time for the January call, I think we'll be able to address that more. What I can share is that several years ago, as we talked about, I guess several being two years ago, we talked about the pivot to growth. It was a very deliberate intent to hire talent in core markets where it became available to us to find good experienced team members to add, and that we've been successful doing that.

John Hairston: We've obviously shared, I think, on a call or two past our desire to build up a bigger book in Jacksonville. Really, it's a little early to share what that plan may be. As soon as we get the integration done and in time for the January call, I think we'll be able to address that more.

Speaker #1: But really, it's a little early to share what that plan may be, and frankly, as soon as we get the integration done and in time for the January call, I think we'll be able to address that more.

Speaker #1: What I can share is that several years ago, as we talked about—I guess 'several' being two years ago—we talked about the pivot to growth.

John Hairston: What I can share is that several years ago, as we talked about, I guess several being two years ago, we talked about the pivot to growth. It was a very deliberate intent to hire talent in core markets where it became available to us to find good experienced team members to add, and that we've been successful doing that.

Speaker #1: It was a very deliberate intent to hire talent in core markets where it became available to us—to find good, experienced team members to add.

Speaker #1: And we've been successful doing that. But to really double down on adding folks in markets where we didn't have as big a presence, but had a very high organic growth rate expectation.

John M. Hairston: To really double down on adding folks in markets that we didn't have as big a presence but had a very high organic growth rate expectation, and that's really where the focus in Texas and Florida came from. As we move into the next couple of years, I think we'll be in a position to talk a little bit more around what the macro looks like and how we might be able to do a little better over time. At this point in time, we're really trying to sell or share the mid-single digit expected compounded annual growth rate as our target. If the flywheel Shane mentions yields something better than that, we'll be able to talk about that when we get there.

John Hairston: To really double down on adding folks in markets that we didn't have as big a presence but had a very high organic growth rate expectation, and that's really where the focus in Texas and Florida came from. As we move into the next couple of years, I think we'll be in a position to talk a little bit more around what the macro looks like and how we might be able to do a little better over time.

Speaker #1: And that's really where the focus in Texas and Florida came from. So, as we move into the next couple of years, I think we'll be in a position to talk a little bit more about what the macro looks like and how we might be able to do a little better over time.

Speaker #1: But at this point in time, we're really trying to sell or share the mid-single-digit expected compounded annual growth rate as our target.

John Hairston: At this point in time, we're really trying to sell or share the mid-single digit expected compounded annual growth rate as our target. If the flywheel Shane mentions yields something better than that, we'll be able to talk about that when we get there.

Speaker #1: And then, if the flywheel Shane mentions yields something better than that, we'll be able to talk about that when we get there. But our focus right now is acclimating our new team and our clients, covering loan growth in the back half of this year with deposits, turning DDAs into a little bit better growth trajectory with time, because we're never going to be adding IBTs.

John M. Hairston: Our focus right now is acclimating our new team and our clients, covering loan growth the H2 of this year with deposits, turning DDAs into a little bit better growth trajectory with time because we know we're going to be adding IBTs and ensuring that the teammates we've already added get as productive as they can, as quickly as they can.

John Hairston: Our focus right now is acclimating our new team and our clients, covering loan growth the H2 of this year with deposits, turning DDAs into a little bit better growth trajectory with time because we know we're going to be adding IBTs and ensuring that the teammates we've already added get as productive as they can, as quickly as they can.

Speaker #1: And ensuring that the teammates we've already added get as productive as they can, as quickly as they can.

Speaker #10: Okay, that's helpful, John. And then the other question I had was just around capital, and I think you bought back a little over 700,000 shares this quarter.

Brett Rabatin: Okay, that's helpful, John. The other question I had was just around capital. I think you bought back a little over 700,000 shares this quarter. With the existing 2 million share remaining, would you expect to be as active in the H2 of the year as you were in the Q2?

Speaker #10: With the existing 2 million shares remaining, would you expect to be as active in the back half of the year as you were in the second quarter?

Speaker #1: Yeah, Brett, this is Mike. So the intent right now is to exhaust the buyback authority so we have the 5% in place for this year.

Michael M. Achary: Yeah, Brett, this is Mike. The intent right now is to exhaust the buyback authority. We have the 5% in place for this year. We have the 2 million shares remaining. Again, the thought is now that we'll exhaust that authority over the course of the H2, probably on a pro rata basis between the Q3 and Q4. As far as next year, we'll cross that bridge when we come to it. Certainly, I think it's likely that we'll have some authority in place next year. That's certainly up to the board. The level is something we'll talk about when we get there, though.

Michael Achary: Yeah, Brett, this is Mike. The intent right now is to exhaust the buyback authority. We have the 5% in place for this year. We have the 2 million shares remaining. Again, the thought is now that we'll exhaust that authority over the course of the H2, probably on a pro rata basis between the Q3 and Q4. As far as next year, we'll cross that bridge when we come to it. Certainly, I think it's likely that we'll have some authority in place next year. That's certainly up to the board. The level is something we'll talk about when we get there, though.

Speaker #1: We have the 2 million shares remaining. So again, the thought is now that we'll exhaust that authority over the course of the second half of the year, probably on kind of a pro-rata basis between the third and fourth quarter.

Speaker #1: And then, as far as next year, we'll kind of cross that bridge when we come to it. Certainly, I think it's likely that we'll have some authority in place next year. That's certainly up to the board.

Speaker #1: The level is something we'll talk about when we get there, though.

Speaker #10: Okay, great. Appreciate all the color, guys.

Brett Rabatin: Okay, great. Appreciate the call, guys.

Speaker #1: You bet. Thank you for the questions.

John M. Hairston: You bet. Thank you for the questions.

John Hairston: You bet. Thank you for the questions.

Speaker #5: Your next question comes from the line of Casey Hare from Autonomous. Please go ahead.

John M. Hairston: Your next question comes from the line of Casey Haire from Autonomous. Please go ahead.

Ashleigh Wilshire: Your next question comes from the line of Casey Haire from Autonomous. Please go ahead.

Speaker #11: Yeah, great, thanks. Good afternoon, guys. So, one more on NIM—apologies—but just wondering, how much purchase accounting is in this guide here?

Casey Haire: Yeah, great. Thanks. Good afternoon, guys. One more on NIM. Apologies, just wondering how much purchase accounting is in this guide here.

Speaker #3: Well, the guide, excluding OFB—which is again flat to slightly up—obviously doesn't include any of the purchase accounting related to OFB.

Michael M. Achary: Well, the guide excluding OFB, which is again, four flat to slightly up, obviously doesn't include any of the purchase accounting related to OFB. Honestly, Casey, it's not a significant number, so it really isn't going to move the needle very much at all. The guidance including OFB would be really the same.

Michael Achary: Well, the guide excluding OFB, which is again, four flat to slightly up, obviously doesn't include any of the purchase accounting related to OFB. Honestly, Casey, it's not a significant number, so it really isn't going to move the needle very much at all. The guidance including OFB would be really the same.

Speaker #3: And honestly, Casey, I mean, it's not a significant number, so it really isn't going to move the needle very much at all. The guidance, including OFB, would be really the same.

Speaker #11: Okay, all right. So, okay, gotcha. All right. And then just—yeah, okay. And then just touching on capital management, so it sounds like you guys are going to execute on the authorization this year.

Casey Haire: Okay. All right. Got you.

Michael M. Achary: Yeah.

Michael Achary: Yeah.

Casey Haire: All right.

Michael M. Achary: And then-

Michael Achary: And then-

Casey Haire: Yeah. Okay. Then just touching on capital management. Sounds like you guys are going to execute on the authorization this year. I think you guys talked about rebuilding capital to pre-OFB levels. Just wondering the timeline around that and what that means for share buybacks in 2027 and just share buybacks appetite post 2026?

Speaker #11: I think you guys talked about rebuilding capital to pre-OFB levels. Just wondering about the timeline around that and what that means for share buybacks in '27, and—yeah.

Speaker #11: To share our buyback appetite post-2026.

Speaker #3: Yeah, so obviously, you can see where our capital ratios are—it's 6.30. And we also disclosed where we think they'll be once we fold in OFB in August.

Michael M. Achary: Yeah. Obviously, you can see where our capital ratios are at 630, and we also disclose where we think they will be once we fold in OFB in August. Our TCE will be down about 120 basis points. Common Tier 1 will be down around 170 or so. Really for the H2, those ratios probably won't change a whole lot. That's inclusive of the organic balance sheet growth that we referred to. That's part of our guidance, and it also includes the buybacks. This notion of "rebuilding capital," it's really not so much rebuilding capital. It's really just disclosing that it would take us about 8 quarters, all things equal, for our capital ratios to get back to pre-deal levels. It doesn't mean that that's the intent of what we plan on doing. That was really just a data point, if you will.

Michael Achary: Yeah. Obviously, you can see where our capital ratios are at 630, and we also disclose where we think they will be once we fold in OFB in August. Our TCE will be down about 120 basis points. Common Tier 1 will be down around 170 or so. Really for the H2, those ratios probably won't change a whole lot. That's inclusive of the organic balance sheet growth that we referred to.

Speaker #3: So our TCE will be down about 120 basis points. Common Tier One will be down around 170 or so. Really, for the back half of the year, those ratios probably won't change a whole lot.

Speaker #3: That's inclusive of the organic balance sheet growth that we referred to. That's part of our guidance, and it also includes the buybacks. So this notion of kind of quote-unquote "rebuilding capital"—it's really not so much rebuilding capital.

Michael Achary: That's part of our guidance, and it also includes the buybacks. This notion of "rebuilding capital," it's really not so much rebuilding capital. It's really just disclosing that it would take us about 8 quarters, all things equal, for our capital ratios to get back to pre-deal levels. It doesn't mean that that's the intent of what we plan on doing. That was really just a data point, if you will.

Speaker #3: It's really just kind of disclosing that it would take us about eight quarters, all things equal, for our capital ratios to get back to pre-deal levels.

Speaker #3: It doesn't mean that that's the intent of what we plan on doing. That was really just a data point, if you will. We feel very comfortable with TCE and the 9% range, common Tier 1.

Michael M. Achary: We feel very comfortable with TCE in the 9% range, Common Tier 1 somewhere around the 12% range. If we didn't do the buybacks in the H2, we'd essentially be at those data points that I just mentioned. Going forward, again, not to make this overly complex, going forward, we're planning on exhausting the buyback authority. Then in 2027, again, as I mentioned a little bit earlier, that's something we'll disclose when we get there.

Michael Achary: We feel very comfortable with TCE in the 9% range, Common Tier 1 somewhere around the 12% range. If we didn't do the buybacks in the H2, we'd essentially be at those data points that I just mentioned. Going forward, again, not to make this overly complex, going forward, we're planning on exhausting the buyback authority. Then in 2027, again, as I mentioned a little bit earlier, that's something we'll disclose when we get there.

Speaker #3: Somewhere around the 12% range. So, if we didn’t do the buybacks in the second half of this year, we’d essentially be at those data points.

Speaker #3: That I just mentioned. So, going forward—again, not to make this overly complex—but going forward, we're planning on exhausting the buyback authority. Then in 2027, again, as I mentioned a little bit earlier, that's something we'll disclose when we get there.

Speaker #11: Thank you.

Casey Haire: Thank you.

Speaker #3: Okay.

Michael M. Achary: Okay. You're welcome.

Michael Achary: Okay. You're welcome.

Speaker #1: You're welcome.

Speaker #5: A reminder: if you would like to ask a question, please press star one on your telephone keypad. Your next question comes from the line of Christopher Marinek from Brianne Capital.

Michael M. Achary: A reminder, if you would like to ask a question, to please press star one on your telephone keypad. Your next question comes from the line of Christopher Marinac from Brean Capital. Please go ahead.

Operator: A reminder, if you would like to ask a question, to please press star one on your telephone keypad. Your next question comes from the line of Christopher Marinac from Brean Capital. Please go ahead.

Speaker #5: Please go ahead.

Speaker #12: Hey, good afternoon. John, the sort of seemingly fast approval from OneForta—does that make it interesting to consider additional M&A, or were you not surprised by how quickly this happened?

Christopher Marinac: Good afternoon, John. The seemingly fast approval from One Florida Bank, does that make it interesting to consider additional M&A, or were you not surprised by how quickly this happened?

Speaker #1: I don't think we were surprised by how quickly it happened. I mean, that's pretty much the pace that transactions have been approved by the regulatory bodies that we necessarily need approval from, of late.

John M. Hairston: I don't think we were surprised by how quickly it happened. That's pretty much the pace that transactions have been approved by the regulatory bodies that we necessarily need approval from of late. We expected a pretty rapid approval. I think we were on pretty much the timeline we expected and guided to. I don't know if we talked about in the initial disclosure what our expectations were on integration, but that looks like it's going to be mid to maybe later part of Q4, so a pretty rapid integration as well. I think it's fair to say, Mike, would you agree, pretty much the timeline's exactly what we thought and expected it to be.

John Hairston: I don't think we were surprised by how quickly it happened. That's pretty much the pace that transactions have been approved by the regulatory bodies that we necessarily need approval from of late. We expected a pretty rapid approval. I think we were on pretty much the timeline we expected and guided to.

Speaker #1: And we expected a pretty rapid approval. And so, I think we were on pretty much the timeline we expected and guided to. I don't know if we talked about, in the initial disclosure, what our expectations were on integration, but that looks like it's going to be mid to maybe later part of Q4.

John Hairston: I don't know if we talked about in the initial disclosure what our expectations were on integration, but that looks like it's going to be mid to maybe later part of Q4, so a pretty rapid integration as well. I think it's fair to say, Mike, would you agree, pretty much the timeline's exactly what we thought and expected it to be.

Speaker #1: So, a pretty rapid integration as well. So, I think it's fair to say—Mike, would you agree—with pretty much the timelines exactly what we thought and expected it to be?

Speaker #3: Yeah, very much so. I think, in this environment, where the regulatory focus seems to be more accommodative to these types of transactions, it's certainly not surprising that we were able to do this pretty quickly.

Michael M. Achary: Yeah, very much so. I think in this environment where the regulatory focus seems to be more accommodative to these types of transactions. Certainly not surprised that we were able to do this pretty quickly. It was an extremely clean transaction, a rather small deal. Again, the quick approval and timeline to integration was something that we certainly planned for. No surprises there.

Michael Achary: Yeah, very much so. I think in this environment where the regulatory focus seems to be more accommodative to these types of transactions. Certainly not surprised that we were able to do this pretty quickly. It was an extremely clean transaction, a rather small deal. Again, the quick approval and timeline to integration was something that we certainly planned for. No surprises there.

Speaker #3: It was an extremely clean transaction— a rather small deal. So again, the quick approval and timeline to integration were something that we certainly planned for.

Speaker #3: So no surprises there.

Speaker #11: And Mike, just to reiterate what you said earlier, I think that you will have the cost takeouts done by the end of the fourth quarter.

Christopher Marinac: Mike, just to reiterate what you said earlier, I think, that you will have the cost takeouts out by the end of Q4. You start 2027 with those behind you?

Speaker #11: So you start '27 with those behind you.

Speaker #3: That's correct. So, when we start the new year, the cost saves will be fully reflected.

Michael M. Achary: That's correct. When we start the new year, the cost saves will be fully reflected.

Michael Achary: That's correct. When we start the new year, the cost saves will be fully reflected.

Speaker #11: Great. Good deal. Thanks for hosting us today. I appreciate it.

Christopher Marinac: Great. Good deal. Thanks for hosting us today. I appreciate it.

Speaker #3: Okay.

Speaker #1: You bet. Thank you for the questions.

Michael M. Achary: Okay.

Michael Achary: Okay.

Michael M. Achary: You bet. Thank you for the questions.

Michael Achary: You bet. Thank you for the questions.

Speaker #5: At this time, there are no further questions. I would now like to pass the call back to Mr. John Hairston for closing remarks.

Michael M. Achary: At this time, there are no further questions. I would like to now pass the call back to Mr. John Hairston for closing remarks.

Operator: At this time, there are no further questions. I would like to now pass the call back to Mr. John Hairston for closing remarks.

Speaker #1: Okay. Thank you, Jake, for moderating the call. Thanks, everyone, for your attention and time. We look forward to seeing you on the road very soon.

John M. Hairston: Okay. Thank you, Jake, for moderating the call. Thanks everyone for your attention and time, and we look forward to seeing you on the road very soon.

John Hairston: Okay. Thank you, Jake, for moderating the call. Thanks everyone for your attention and time, and we look forward to seeing you on the road very soon.

Speaker #5: This concludes today's call. Thank you all for attending. You may now disconnect.

John M. Hairston: This concludes today's call. Thank you all for attending. You may now disconnect. This event has now concluded. Thank you for joining Hancock Whitney Corporation Q2 2026 Earnings Conference Call. The line will disconnect automatically.

Operator: This concludes today's call. Thank you all for attending. You may now disconnect. This event has now concluded. Thank you for joining Hancock Whitney Corporation Q2 2026 Earnings Conference Call. The line will disconnect automatically.

Q2 2026 Hancock Whitney Corp Earnings Call

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