Monitor regulatory approval timeline and any competing bids. The deal strengthens Hancock Whitney's Florida presence and is fully funded with cash. Preferred holders should watch for any credit rating implications from the increased scale, though the all-cash structure limits leverage risk.
Price Chart
Executive Summary
Hancock Whitney (HWCPZ) entered into a definitive agreement to acquire OFB Bancshares for $29.273 per share in cash, a total deal value of approximately $355 million based on 12.13 million outstanding shares. The acquisition expands Hancock Whitney's Florida footprint via One Florida Bank, which will merge into Hancock Whitney Bank. The deal is expected to close in the second half of 2026, subject to regulatory approvals and OFB shareholder vote.
Key Financial Metrics
Key Facts
- Hancock Whitney to acquire OFB Bancshares for $29.273 per share in cash
- Total consideration based on 12,129,040 outstanding shares of OFB common stock
- OFB shareholders representing ~23% of shares have agreed to vote in favor
- Termination fee of $15,000,000 payable by OFB under certain circumstances
- Transaction expected to close within 270 days, subject to regulatory approvals and OFB shareholder approval
- One Florida Bank to merge into Hancock Whitney Bank post-closing
Financial Impact
All-cash acquisition of OFB Bancshares for $29.273 per share; total deal value approximately $355 million based on 12.13 million outstanding shares
Risk Factors
- Regulatory approval risk from Federal Reserve, FDIC, Florida and Mississippi banking regulators
- Shareholder approval risk — OFB shareholders could vote against or seek appraisal
- Integration risk — merging One Florida Bank into Hancock Whitney Bank operations
- Potential competing bid could trigger termination fee and delay
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-231144 |
| Document: d104312d8k.htm | 0001193125-26-231144 |
| Document: 0001193125-26-231144-index-headers.html | 0001193125-26-231144 |
| Document: 0001193125-26-231144-index.html | 0001193125-26-231144 |
| Document: 0001193125-26-231144.txt | 0001193125-26-231144 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 19, 2026 23w ago | 8-K | $21.93 $22.23 | ▲ +1.38% | ▼ −3.63% | $20.28 (−7.49%) |
May 15, 2026 23w ago | 8-K | $22.26 $22.16 | ▼ −0.47% | ▼ −4.99% | $20.28 (−8.87%) |
Apr 21, 2026 27w ago | 8-K | $22.62 $22.21 | ▼ −1.81% | ▼ −6.59% | $20.28 (−10.32%) |
US Market Status
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