# HANCOCK WHITNEY CORP (HWCPZ) — capital_return/buyback_authorization [announced]
Source: SEC API (secapi.ai) · situation sit_e4f82f14c25f9ee45331 · retrieved 2026-08-12T21:20:49.657Z

## Overview
Hancock Whitney Corporation is a state commercial bank holding company with $36.3 billion in total assets, $24.6 billion in total loans, and $29.6 billion in total deposits, operating 182 banking locations across Mississippi, Alabama, Florida, Louisiana, and Texas.

Hancock Whitney Corporation announced the acquisition of One Florida Bank (OFB Bancshares, Inc.) for total consideration of $377.6 million in cash for all outstanding common shares and options. The transaction has obtained required regulatory approvals and OFB shareholder approval, with an expected closing date of August 1, 2026. One Florida Bank brings $1.7 billion in loans and $1.8 billion in deposits, with pre-tax operating earnings of $16.7 million for the first half of 2026. Hancock Whitney projects cost savings of 40% ($15.8 million) phased in at 100% in 2027, one-time merger expenses of $30 million pre-tax, and a net credit mark of $11.1 million. The transaction is expected to be accretive to earnings per share in the high single digits, with tangible book value earnback of approximately four years.

## Terms
- Counterparty: One Florida Bank (OFB Bancshares, Inc.) · Deal value: $377.6M · Consideration: cash

## Key dates
- Announced 2026-07-21 · Expected close 2026-08-01

## Timeline
- 2026-07-21 · 8-K (0001193125-26-310272): 8-K - HANCOCK WHITNEY CORP — *Hancock Whitney Corporation is a state commercial bank holding company with $36.3 billion in total assets, $24.6 billion in total loans, and $29.6 billion in total deposits, operating 182 banking locations across Mississippi, Alabama, Florida, Louisiana, and Texas.* Hancock Whitney Corporation announced the acquisition of One Florida Bank (OFB Bancshares, Inc.) for total consideration of $377.6 million in cash for all outstanding common shares and options. The transaction has obtained required regulatory approvals and OFB shareholder approval, with an expected closing date of August 1, 2026. One Florida Bank brings $1.7 billion in loans and $1.8 billion in deposits, with pre-tax operating earnings of $16.7 million for the first half of 2026. Hancock Whitney projects cost savings of 40% ($15.8 million) phased in at 100% in 2027, one-time merger expenses of $30 million pre-tax, and a net credit mark of $11.1 million. The transaction is expected to be accretive to earnings per share in the high single digits, with tangible book value earnback of approximately four years.
  https://www.sec.gov/Archives/edgar/data/750577/0001193125-26-310272.txt

## Citations
- 0001193125-26-310272 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526310272