m_and_a
confidence high
sentiment positive
materiality 0.75
Hancock Whitney to acquire OFB Bancshares (One Florida Bank) for cash; $2.1B assets, Q3 close
HANCOCK WHITNEY CORP
- All-cash acquisition of OFB Bancshares, parent of One Florida Bank, with $2.1B assets, $1.7B loans, $1.9B deposits.
- Adds six Florida financial centers; establishes meaningful Orlando market presence.
- Expected to close Q3 2026, subject to regulatory and One Florida shareholder approvals.
- Transaction expected to be immediately accretive to GAAP EPS excluding one-time costs; meets IRR/ROIC thresholds.
- Raymond James & Wachtell advising HWC; Piper Sandler & Smith Mackinnon advising One Florida.
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