8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

________________

FORM 8-K

________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 20, 2021

________________

HANCOCK WHITNEY CORPORATION
(Exact Name of Registrant as Specified in Charter)<br><br><br>________________
Mississippi	001-36872		64-0693170
(State or Other Jurisdiction<br><br><br>of Incorporation)	(Commission File Number)		(IRS Employer<br><br><br>Identification No.)
Hancock Whitney Plaza<br><br><br>2510 14th Street<br><br><br>Gulfport, Mississippi<br><br><br>(Address of Principal Executive Offices)		39501<br><br><br>(Zip Code)
Registrant’s telephone number, including area code: (228) 868-4000
Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class<br><br><br>COMMON STOCK, $3.33 PAR VALUE<br><br><br>6.25% SUBORDINATED NOTES	Trading Symbol<br><br><br>HWC<br><br><br>HWCPZ	Name of Exchange on Which Registered<br><br><br>The NASDAQ Stock Market, LLC<br><br><br>The NASDAQ Stock Market, LLC
__________________
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02Results of Operations and Financial Condition.

On July 20, 2021, Hancock Whitney Corporation (the “Company”) announced financial results for its second quarter ended June 30, 2021. A copy of this press release and the accompanying financial statements are attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 2.02. The press release is available on the Company’s website.



The information provided in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.



Item 7.01Regulation FD Disclosure.



On July 20, 2021 at 4:00 p.m. (Central Time), the Company intends to hold an investor call and webcast to discuss financial results for the quarter ended June 30, 2021, including the press release.  Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are, along with the press release and financial statements, incorporated herein by reference. All information in the press release and presentation materials speak as of the date thereof and the Company does not assume any obligation to update said information in the future. In addition, the Company disclaims any inferences regarding the materiality of such information which otherwise may arise as a result of it furnishing such information under Item 2.02 or Item 7.01 of this Form 8-K.



In accordance with the General Instruction B.2 of Form 8-K, the information presented herein pursuant to Item 2.02, “Results of Operations,” and Item 7.01, “Regulation FD,” shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall the information be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.



Item 9.01Financial Statements and Exhibits.

(d)  Exhibits.

Exhibit Number	Description
99.1	Press Release dated July 20, 2021 for Quarter Ended June 30, 2021.
99.2	Presentation Slides dated July 20, 2021 (furnished with the Commission as part of this Form 8-K).
104	Cover Page Interactive Data File (embedded within the inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		HANCOCK WHITNEY CORPORATION
July 20, 2021	By:	/s/ Michael M. Achary
		Michael M. Achary
		Chief Financial Officer

hwc-ex991_7.htm

Exhibit 99.1

<br><br><br>FOR IMMEDIATE RELEASE<br><br><br>July 20, 2021

For more information

Trisha Voltz Carlson, EVP, Investor Relations Manager

504.299.5208 or trisha.carlson@hancockwhitney.com

Hancock Whitney reports second quarter 2021 EPS of $1.00

Results include $42.2 million net, or $.37 per share after tax, of nonoperating items

GULFPORT, Miss. (July 20, 2021) — Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the second quarter of 2021. Net income for the second quarter of 2021 was $88.7 million, or $1.00 per diluted common share (EPS), compared to $107.2 million, or $1.21 per diluted common share, in the first quarter of 2021. The company reported a net loss for the second quarter of 2020 of $117.1 million, or ($1.36) per diluted common share resulting from a COVID-19 reserve build and the sale of $497 million of energy loans. The second quarter of 2021 included $42.2 million, or $0.37 per share after-tax, of net nonoperating items. The items include the previously announced branch closures (20), subordinated debt redemption and Voluntary Early Retirement Program (VERP), plus the cost associated with an additional 18 branch closures and a 200-position reduction in force. These costs were partially offset by a gain on the sale of Mastercard class B common stock (Mastercard stock). The first quarter of 2021 and second quarter of 2020 did not include any nonoperating items.

Second Quarter 2021 Highlights

•	Net income of $88.7 million, or $1.00 per diluted share, down $18.5 million, or $0.21 per share
•	Results include $42.2 million, or $0.37 per share after tax, of net nonoperating items
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•	Pre-provision net revenue (PPNR) totaled $137.2 million, up $5.7 million, or 4%, linked-quarter
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•	Negative provision for credit losses of $17.2 million resulted from a $27.7 million reserve release and $10.5 million in net charge-offs
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•	Allowance for Credit Losses (ACL) remained strong at 2.03%
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•	Nonperforming loans declined 24% and criticized commercial loans declined 5%
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•	Net interest margin (NIM) compressed 13 basis points (bps) to 2.96%, mainly from the impact of excess liquidity driven by PPP forgiveness and deposit growth
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•	TCE ratio 7.70%, up 44 bps
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•	Loans declined $516.3 million linked-quarter; net PPP forgiveness of $928.1 million partially offset by core loan growth of $411.8 million
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•	Deposits increased $62.6 million linked-quarter, mainly from continued pandemic-related PPP and stimulus deposit funding
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“I am very pleased to report a continuation of improving performance as solid second quarter operating results either met or exceeded expectations for the quarter,” said John M. Hairston,

President and CEO. “Growth in core loans (excluding PPP) exceeded expectations as our bankers and support teams worked diligently to close business, with our full workforce returning to the office. Elevated levels of excess liquidity continue to compress our margin, however, net interest income remained flat given our ongoing efforts to minimize the impact of today’s rate environment. As our markets have re-opened, economic activity has picked up as evidenced by the growth in fee income. Further, we completed most of our expense and efficiency initiatives during the quarter, leading to a linked-quarter increase in pre-provision, net revenue (PPNR) of $6 million, or 4%. We reported another modest reserve release and negative provision for credit losses as our credit metrics improved once again this quarter. Our capital remains solid, and with materially all expense initiatives announced, and one-time expenses accounted for, we are looking toward the future with a relentless focus and determination designed to improve performance and value.”

Loans

Loans totaled $21.1 billion at June 30, 2021, down $516.3 million, or 2%, linked-quarter. During the quarter, $1.033 billion in PPP loans were forgiven and $104.9 million in new PPP loans were originated under the extended CARES Act program. Core loans increased $411.8 million related to loan production in the eastern and western regions within our geographic footprint, growth in equipment finance and healthcare, fewer than expected payoffs, and a stabilization of line utilization rates. Indirect and energy loans continue to runoff, with no new production planned, and residential mortgage payoffs continued in low rate environment.

Average loans totaled $21.4 billion for the second quarter of 2021, down $356.5 million, or 2%, linked-quarter. ~~~~

Management expects core loans to be up $200 to $300 million in the third quarter of 2021, and to double to $400 to $600 million in the fourth quarter of 2021, as opportunities for growth are anticipated to improve.

Deposits

Total deposits at June 30, 2021 were $29.3 billion, up $62.6 million, or less than 1%, from March 31, 2021. Excess liquidity related to stimulus and other pandemic-related client funds contributed to the second quarter of 2021’s level of deposits.

DDAs totaled $13.4 billion at June 30, 2021, up $231.5 million, or 2%, from March 31, 2021 and comprised 46% of total period-end deposits at June 30, 2021. Interest-bearing transaction and savings deposits totaled $11.3 billion at the end of the second quarter of 2021, up $108.3 million, or 1%, linked-quarter. Compared to March 31, 2021, time deposits of $1.4 billion were down $285.5 million, or 17%. Interest-bearing public fund deposits, remained relatively flat linked-quarter at $3.2 billion.

Average deposits for the second quarter of 2021 were $29.2 billion, up $1.1 billion, or 4%, linked-quarter.

Asset Quality

The total allowance for credit losses (ACL) was $429.2 million at June 30, 2021, down $27.7 million from March 31, 2021. During the second quarter of 2021, the company recorded a negative

provision for credit losses of $17.2 million, compared to a negative provision of $4.9 million in the first quarter of 2021. Net charge-offs totaled $10.5 million in the second quarter of 2021, or 0.20% of average total loans on an annualized basis, down from $18.3 million, or 0.34% of average total loans in the first quarter of 2021. The ratio of ACL to period-end loans was 2.03% (2.17% excluding PPP loans) at June 30, 2021, compared to 2.11% (2.35% excluding PPP loans) at March 31, 2021.

The company’s overall asset quality metrics continued to improve with commercial criticized and total nonperforming loans down 5% and 24%, respectively, linked-quarter. Nonperforming assets (NPAs) totaled $97.6 million at June 30, 2021, down $26.6 million, or 21%, from March 31, 2021. During the second quarter of 2021, total nonperforming loans decreased $27.4 million, or 24%, while ORE and foreclosed assets were virtually flat linked-quarter. Nonperforming assets as a percent of total loans, ORE and other foreclosed assets was 0.46% at June 30, 2021, down 11 bps from March 31, 2021.

Net Interest Income and Net Interest Margin (NIM)

Net interest income (TE) for the second quarter of 2021 was $237.5 million, virtually unchanged from the first quarter of 2021.

The net interest margin (NIM) was 2.96% in the second quarter of 2021, a decline of 13 bps linked-quarter. Factors driving NIM compression include a change in earning asset mix and yield (-11 bps), a change in net interest recoveries on nonaccrual loans (-3 bps), and lower purchase accounting accretion (-3 bps), partially offset by the net impact of lower deposit costs (+4 bps).

Average earning assets were $32.2 billion for the second quarter of 2021, up $1.2 billion, or 4%, from the first quarter of 2021.

Management expects continued NIM compression in the third quarter of 2021, however, net interest income should remain relatively stable.

Noninterest Income

Noninterest income totaled $94.3 million for the second quarter of 2021, up $7.2 million, or 8%, from the first quarter of 2021. Improvement was noted in many fee categories as local economic activity continues to rebound and consumer spending increases. Nonoperating income of $2.8 million related to the sale of Mastercard stock is included in total noninterest income. Adjusting for this item, noninterest income totaled $91.5 million, up $4.4 million, or 5%, linked-quarter.

Service charges on deposits were up $0.2 million, or 1%, from the first quarter of 2021, related to the impact of increased activity, while bankcard and ATM fees were up $2.4 million, or 13%, from the first quarter of 2021, mainly due to an additional day in the second quarter and improving economic activity.

Investment and annuity income and insurance fees were down $0.1 million, or 2%, linked-quarter. Trust fees were up $1.3 million, or 9% linked-quarter, primarily from annual tax preparation fees and increased activity.

Fees from secondary mortgage operations totaled $12.6 million for the second quarter of 2021, up $0.8 million, or 7%, linked-quarter, mainly from the impact of a diversification in delivery methods.

Other noninterest income totaled $18.2 million, up $2.6 million, or 16%, from the first quarter of 2021. The increase in other noninterest income is primarily due to the gain on the sale of Mastercard stock, noted above.

Noninterest Expense & Taxes

Noninterest expense totaled $236.8 million, up $43.7 million, or 23% linked-quarter. As noted last quarter, our focus on expense control in light of the current environment was enhanced, with initiatives put in place to improve overall efficiency. These initiatives included closing financial centers, offering an early retirement package to a select group of employees and reducing headcount via attrition. Also included in nonoperating expenses are the impact of the planned October 2021 closure of an additional 18 financial centers and the elimination of 200 positions companywide (reduction in force). Excluding these items, operating expense was down $1.3 million, or 1%, linked-quarter.

Personnel expense totaled $142.7 million in the second quarter of 2021, up $23.0 million, or 19%, from the first quarter of 2021. This total includes $25.3 million in nonoperating items associated with expense initiatives noted above. Excluding the nonoperating items, personnel expense was down $2.3 million, or 2%, linked-quarter. mainly related to the savings associated with the voluntary early retirement program.

Occupancy and equipment expense totaled $17.3 million in the second quarter of 2021, down $0.3 million, or 2%, from the first quarter of 2021. Amortization of intangibles totaled $4.2 million for the second quarter of 2021, down $0.2 million, or 4%, linked-quarter.

Gains on sales of ORE and other foreclosed assets exceeded expenses by $0.1 million in the second quarter of 2021, compared to an expense of virtually zero in the first quarter of 2021.

Other expense totaled $72.6 million in the second quarter of 2021, up $21.3 million, or 41%, linked-quarter. Included in the total was $19.6 million of nonoperating items, mostly related to the efficiency initiative expenses noted above.

The effective income tax rate for second quarter 2021 was 19%. The effective income tax rate continues to be less than the statutory rate due primarily to tax-exempt income and tax credits.

Capital

Common stockholders’ equity at June 30, 2021 totaled $3.6 billion, up $146 million, or 4%, from March 31, 2021. The tangible common equity (TCE) ratio was 7.70%, up 44 bps from March 31, 2021, mainly the result of earnings and increased OCI, partially offset by dividends. The company remains well capitalized, with both bank and holding company capital levels in excess of required regulatory minimums. The company’s CET1 ratio is estimated to be 10.98% at June 30, 2021.

Conference Call and Slide Presentation

Management will host a conference call for analysts and investors at 4:00 p.m. Central Time on Tuesday, July 20, 2021 to review the results. A live listen-only webcast of the call will be available under the Investor Relations section of Hancock Whitney’s website at investors.hancockwhitney.com. A link to the release with additional financial tables, and a link to a slide presentation related to second quarter results are also posted as part of the webcast link. To participate in the Q&A portion of the call, dial 866-270-1533 or 412-317-0797.

An audio archive of the conference call will be available under the Investor Relations section of our website. A replay of the call will also be available through July 25, 2021 by dialing 877-344-7529 or 412-317-0088, access code 10157723.

About Hancock Whitney

Since the late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; certain insurance services; and mortgage services. The company also operates a loan production office in Nashville, Tennessee. BauerFinancial, Inc., the nation’s leading independent bank rating and analysis firm, consistently recommends Hancock Whitney as one of America’s most financially sound banks. More information is available at www.hancockwhitney.com.

Non-GAAP Financial Measures

This news release includes non-GAAP financial measures to describe Hancock Whitney’s performance. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. The reconciliations of those measures to GAAP measures are provided either in the financial tables or in Appendix A thereto.

Consistent with the provisions of subpart 229.1400 of the Securities and Exchange Commission’s Regulation S-K, “Disclosures by Bank and Savings and Loan Registrants,” the company presents net interest income, net interest margin and efficiency ratios on a fully taxable equivalent (“TE”) basis. The TE basis adjusts for the tax-favored status of net interest income from certain loans and investments using the statutory federal tax rate to increase tax-exempt interest income to a taxable equivalent basis. The company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources.

The company presents certain additional non-GAAP financial measures to assist the reader with a better understanding of the company’s performance period over period, as well as to provide investors with assistance in understanding the success management has experienced in executing its strategic initiatives. These non-GAAP measures may reference the concept “operating.” The company uses the term “operating” to describe a financial measure that excludes income or expense considered to be nonoperating in nature. Items identified as nonoperating are those that, when excluded from a reported financial measure, provide management or the reader with a measure that may be more indicative of forward-looking trends in the company’s business.

Important Cautionary Statement about Forward-Looking Statements

This news release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit losses, loan growth expectations, management’s predictions about charge-offs for loans, the impact of the COVID-19 pandemic on the economy and our operations, the adequacy of our enterprise risk management framework, the impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, success of revenue-generating initiatives, the effectiveness of derivative financial instruments and hedging activities to manage risks, projected tax rates, increased cybersecurity risks, including potential business disruptions or financial losses, the adequacy of our internal controls over financial reporting, the financial impact of regulatory requirements and tax reform legislation, the impact of the change in the referenced rate reform, deposit trends, credit quality trends, the impact of PPP loans and forgiveness on our results, changes in interest rates, inflation, net interest margin trends, future expense levels (including the impact of the Voluntary Employee Retirement Program), future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts, accretion levels and expected returns.

Given the many unknowns and risks being heavily weighted to the downside, our forward-looking statements are subject to the risk that conditions will be substantially different than we are currently expecting. If efforts to contain and inoculate our population against COVID-19, and other variants thereof, are unsuccessful and restrictions on movement are imposed, the economic impact could continue to be substantial. The COVID-19 outbreak and its consequences, including responsive measures to manage it, have had and are likely to continue to have an adverse effect, possibly materially, on our business and financial performance by adversely affecting, possibly materially, the demand and profitability of our products and services, the valuation of assets and our ability to meet the needs of our customers.

In addition, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “forecast,” “goals,” “targets,” “initiatives,” “focus,” “potentially,” “probably,” “projects,” “outlook,” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Any forward-looking statement made in this release is subject to the safe harbor protections set forth in the Private Securities Litigation Reform Act of 1995. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020 and in other periodic reports that we file with the SEC.

HANCOCK WHITNEY CORPORATION
FINANCIAL HIGHLIGHTS
(Unaudited)
	Three Months Ended									Six Months Ended
(dollars and common share data in thousands, except per share amounts)	6/30/2021			3/31/2021			6/30/2020			6/30/2021			6/30/2020
NET INCOME
Net interest income	$	234,643		$	234,587		$	237,866		$	469,230		$	469,054
Net interest income (TE) (a)		237,497			237,509			241,114			475,006			475,750
Provision for credit losses		(17,229	)		(4,911	)		306,898			(22,140	)		553,691
Noninterest income		94,272			87,089			73,943			181,361			158,330
Noninterest expense		236,770			193,072			196,539			429,842			399,874
Income tax expense (benefit)		20,656			26,343			(74,556	)		46,999			(98,076	)
Net income (loss)	$	88,718		$	107,172		$	(117,072	)	$	195,890		$	(228,105	)
For informational purposes - included above, pre-tax
Nonoperating item included in noninterest income:
Gain on sale of Mastercard Class B common stock	$	2,800		$	—		$	—		$	2,800		$	—
Nonoperating items included in noninterest expense:
Efficiency initiatives		40,812			—			—			40,812			—
Loss on redemption of subordinated notes		4,165			—			—			4,165			—
Provision for credit loss associated with energy loan sale		—			—			160,101			—			160,101
PERIOD-END BALANCE SHEET DATA
Loans	$	21,148,530		$	21,664,859		$	22,628,377		$	21,148,530		$	22,628,377
Securities		8,633,133			8,005,990			6,381,803			8,633,133			6,381,803
Earning assets		32,075,450			32,134,637			30,134,790			32,075,450			30,134,790
Total assets		35,098,709			35,072,643			33,215,400			35,098,709			33,215,400
Noninterest-bearing deposits		13,406,385			13,174,911			11,759,085			13,406,385			11,759,085
Total deposits		29,273,107			29,210,520			27,322,268			29,273,107			27,322,268
Common stockholders' equity		3,562,901			3,416,903			3,316,157			3,562,901			3,316,157
AVERAGE BALANCE SHEET DATA
Loans	$	21,388,814		$	21,745,298		$	22,957,032		$	21,566,071		$	22,095,524
Securities (b)		8,194,812			7,468,541			6,129,616			7,833,682			6,139,524
Earning assets		32,195,515			31,015,637			30,013,829			31,608,834			28,822,240
Total assets		35,165,684			34,078,200			33,136,706			34,624,947			31,900,154
Noninterest-bearing deposits		13,237,796			12,374,235			10,989,921			12,808,401			9,876,640
Total deposits		29,228,809			28,138,763			26,702,622			28,686,797			25,514,932
Common stockholders' equity		3,488,592			3,441,466			3,465,617			3,465,159			3,487,672
COMMON SHARE DATA
Earnings (loss) per share - diluted	$	1.00		$	1.21		$	(1.36	)	$	2.20		$	(2.64	)
Cash dividends per share		0.27			0.27			0.27			0.54			0.54
Book value per share (period-end)		41.03			39.38			38.41			41.03			38.41
Tangible book value per share (period-end)		30.27			28.57			27.38			30.27			27.38
Weighted average number of shares - diluted		86,990			86,805			86,301			86,932			86,744
Period-end number of shares		86,847			86,777			86,342			86,847			86,342
Market data
High sales price	$	50.69		$	47.37		$	28.50		$	50.69		$	44.24
Low sales price		40.25			32.52			14.88			32.52			14.32
Period-end closing price		44.44			42.01			21.20			44.44			21.20
Trading volume		25,570			28,963			48,174			54,533			98,564
PERFORMANCE RATIOS
Return on average assets		1.01	%		1.28	%		(1.42	)%		1.14	%		(1.44	)%
Return on average common equity		10.20	%		12.63	%		(13.59	)%		11.40	%		(13.15	)%
Return on average tangible common equity		13.94	%		17.38	%		(18.75	)%		15.63	%		(18.13	)%
Tangible common equity ratio (c)		7.70	%		7.26	%		7.33	%		7.70	%		7.33	%
Net interest margin (TE)		2.96	%		3.09	%		3.23	%		3.02	%		3.31	%
Noninterest income as a percent of total revenue (TE)		28.41	%		26.83	%		23.47	%		27.63	%		24.97	%
Efficiency ratio (d)		57.01	%		58.12	%		60.74	%		57.56	%		61.41	%
Average loan/deposit ratio		73.18	%		77.28	%		85.97	%		75.18	%		86.60	%
Allowance for loan losses as a percentage of period-end loans		1.89	%		1.96	%		1.96	%		1.89	%		1.96	%
Allowance for credit losses as a percent of period-end loans (e)		2.03	%		2.11	%		2.12	%		2.03	%		2.12	%
Annualized net charge-offs to average loans		0.20	%		0.34	%		5.30	%		0.27	%		3.15	%
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due		415.00	%		354.09	%		222.37	%		415.00	%		222.37	%
FTE headcount		3,626			3,926			4,196			3,626			4,196

(a) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.

(b) Average securities does not include unrealized holding gains/losses on available for sale securities.

(c) The tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets.

(d) The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and nonoperating items.

(e) The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.

HANCOCK WHITNEY CORPORATION
QUARTERLY FINANCIAL HIGHLIGHTS
(Unaudited)
	Three Months Ended
(dollars and common share data in thousands, except per share amounts)	6/30/2021			3/31/2021			12/31/2020			9/30/2020			6/30/2020
NET INCOME
Net interest income	$	234,643		$	234,587		$	238,286		$	235,183		$	237,866
Net interest income (TE) (a)		237,497			237,509			241,401			238,372			241,114
Provision for credit losses		(17,229	)		(4,911	)		24,214			24,999			306,898
Noninterest income		94,272			87,089			82,350			83,748			73,943
Noninterest expense		236,770			193,072			193,144			195,774			196,539
Income tax expense (benefit)		20,656			26,343			(297	)		18,802			(74,556	)
Net income (loss)	$	88,718		$	107,172		$	103,575		$	79,356		$	(117,072	)
For informational purposes - included above, pre-tax
Nonoperating item included in noninterest income:
Gain on sale of Mastercard Class B common stock	$	2,800		$	—		$	—		$	—		$	—
Nonoperating items included in noninterest expense:
Efficiency initiatives		40,812			—			—			—			—
Loss on redemption of subordinated notes		4,165			—			—			—			—
Provision for credit loss associated with energy loan sale		—			—			—			—			160,101
PERIOD-END BALANCE SHEET DATA
Loans	$	21,148,530		$	21,664,859		$	21,789,931		$	22,240,204		$	22,628,377
Securities		8,633,133			8,005,990			7,356,497			7,056,276			6,381,803
Earning assets		32,075,450			32,134,637			30,616,277			30,179,103			30,134,790
Total assets		35,098,709			35,072,643			33,638,602			33,193,324			33,215,400
Noninterest-bearing deposits		13,406,385			13,174,911			12,199,750			11,881,548			11,759,085
Total deposits		29,273,107			29,210,520			27,697,877			27,030,659			27,322,268
Common stockholders' equity		3,562,901			3,416,903			3,439,025			3,375,644			3,316,157
AVERAGE BALANCE SHEET DATA
Loans	$	21,388,814		$	21,745,298		$	22,065,672		$	22,407,825		$	22,957,032
Securities (b)		8,194,812			7,468,541			6,921,099			6,389,214			6,129,616
Earning assets		32,195,515			31,015,637			29,875,531			29,412,261			30,013,829
Total assets		35,165,684			34,078,200			33,067,462			32,685,430			33,136,706
Noninterest-bearing deposits		13,237,796			12,374,235			11,759,755			11,585,617			10,989,921
Total deposits		29,228,809			28,138,763			27,040,447			26,763,795			26,702,622
Common stockholders' equity		3,488,592			3,441,466			3,406,646			3,351,593			3,465,617
COMMON SHARE DATA
Earnings (loss) per share - diluted	$	1.00		$	1.21		$	1.17		$	0.90		$	(1.36	)
Cash dividends per share		0.27			0.27			0.27			0.27			0.27
Book value per share (period-end)		41.03			39.38			39.65			39.07			38.41
Tangible book value per share (period-end)		30.27			28.57			28.79			28.11			27.38
Weighted average number of shares - diluted		86,990			86,805			86,657			86,400			86,301
Period-end number of shares		86,847			86,777			86,728			86,400			86,342
Market data
High sales price	$	50.69		$	47.37		$	34.89		$	22.23		$	28.50
Low sales price		40.25			32.52			18.59			17.42			14.88
Period-end closing price		44.44			42.01			34.02			18.81			21.20
Trading volume		25,570			28,963			27,564			32,139			48,174
PERFORMANCE RATIOS
Return on average assets		1.01	%		1.28	%		1.25	%		0.97	%		(1.42	)%
Return on average common equity		10.20	%		12.63	%		12.10	%		9.42	%		(13.59	)%
Return on average tangible common equity		13.94	%		17.38	%		16.74	%		13.14	%		(18.75	)%
Tangible common equity ratio (c)		7.70	%		7.26	%		7.64	%		7.53	%		7.33	%
Net interest margin (TE)		2.96	%		3.09	%		3.22	%		3.23	%		3.23	%
Noninterest income as a percentage of total revenue (TE)		28.41	%		26.83	%		25.44	%		26.00	%		23.47	%
Efficiency ratio (d)		57.01	%		58.12	%		58.23	%		59.29	%		60.74	%
Average loan/deposit ratio		73.18	%		77.28	%		81.60	%		83.72	%		85.97	%
Allowance for loan losses as a percentage of period-end loans		1.89	%		1.96	%		2.07	%		2.02	%		1.96	%
Allowance for credit losses as a percentage of period-end loans (e)		2.03	%		2.11	%		2.20	%		2.16	%		2.12	%
Annualized net charge-offs to average loans		0.20	%		0.34	%		0.44	%		0.43	%		5.30	%
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due		415.00	%		354.09	%		305.20	%		234.89	%		222.37	%
FTE headcount		3,626			3,926			3,986			4,058			4,196

(a) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.

(b) Average securities does not include unrealized holding gains/losses on available for sale securities.

(c) The tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets.

(d) The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and nonoperating items.

(e) The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.

HANCOCK WHITNEY CORPORATION
INCOME STATEMENT
(Unaudited)
	Three Months Ended									Six Months Ended
(dollars in thousands, except per share data)	6/30/2021			3/31/2021			6/30/2020			6/30/2021			6/30/2020
NET INCOME
Interest income	$	248,300		$	250,785		$	266,342		$	499,085		$	543,685
Interest income (TE) (f)		251,154			253,707			269,590			504,861			550,381
Interest expense		13,657			16,198			28,476			29,855			74,631
Net interest income (TE)		237,497			237,509			241,114			475,006			475,750
Provision for credit losses		(17,229	)		(4,911	)		306,898			(22,140	)		553,691
Noninterest income		94,272			87,089			73,943			181,361			158,330
Noninterest expense		236,770			193,072			196,539			429,842			399,874
Income (loss) before income taxes		109,374			133,515			(191,628	)		242,889			(326,181	)
Income tax expense (benefit)		20,656			26,343			(74,556	)		46,999			(98,076	)
Net income (loss)	$	88,718		$	107,172		$	(117,072	)	$	195,890		$	(228,105	)
For informational purposes - included above, pre-tax
Nonoperating item included in noninterest income:
Gain on sale of Mastercard Class B common stock	$	2,800		$	—		$	—		$	2,800		$	—
Nonoperating items included in noninterest expense:
Efficiency initiatives		40,812			—			—			40,812			—
Loss on redemption of subordinated notes		4,165			—			—			4,165			—
Provision for credit loss associated with energy loan sale		—			—			160,101			—			160,101
NONINTEREST INCOME
Service charges on deposit accounts	$	19,381		$	19,146		$	15,518		$	38,527		$	38,355
Trust fees		16,307			15,003			14,160			31,310			28,966
Bank card and ATM fees		20,483			18,120			15,957			38,603			33,319
Insurance and investment commissions, and annuity fees		7,331			7,458			5,366			14,789			12,516
Secondary mortgage market operations		12,556			11,710			9,808			24,266			15,861
Other income		18,214			15,652			13,134			33,866			29,313
Total noninterest income	$	94,272		$	87,089		$	73,943		$	181,361		$	158,330
NONINTEREST EXPENSE
Personnel expense	$	142,654		$	119,615		$	120,409		$	262,269		$	233,958
Net occupancy and equipment expense		17,347			17,691			18,311			35,038			35,450
Other real estate and foreclosed assets expense (income), net		(86	)		6			(460	)		(80	)		9,670
Other expense		72,610			51,341			53,110			123,951			110,282
Amortization of intangibles		4,245			4,419			5,169			8,664			10,514
Total noninterest expense	$	236,770		$	193,072		$	196,539		$	429,842		$	399,874
COMMON SHARE DATA
Earnings (loss) per share:
Basic	$	1.00		$	1.21		$	(1.36	)	$	2.21		$	(2.64	)
Diluted		1.00			1.21			(1.36	)		2.20			(2.64	)

(f) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.

HANCOCK WHITNEY CORPORATION
INCOME STATEMENT
(Unaudited)
	Three Months Ended
(dollars in thousands, except per share data)	6/30/2021			3/31/2021			12/31/2020			9/30/2020			6/30/2020
NET INCOME
Interest income	$	248,300		$	250,785		$	257,253		$	257,043		$	266,342
Interest income (TE) (f)		251,154			253,707			260,368			260,232			269,590
Interest expense		13,657			16,198			18,967			21,860			28,476
Net interest income (TE)		237,497			237,509			241,401			238,372			241,114
Provision for credit losses		(17,229	)		(4,911	)		24,214			24,999			306,898
Noninterest income		94,272			87,089			82,350			83,748			73,943
Noninterest expense		236,770			193,072			193,144			195,774			196,539
Income (loss) before income taxes		109,374			133,515			103,278			98,158			(191,628	)
Income tax expense (benefit)		20,656			26,343			(297	)		18,802			(74,556	)
Net income (loss)	$	88,718		$	107,172		$	103,575		$	79,356		$	(117,072	)
For informational purposes - included above, pre-tax
Nonoperating item included in noninterest income:
Gain on sale of Mastercard Class B  common stock	$	2,800		$	—		$	—		$	—		$	—
Nonoperating items included in noninterest expense:
Efficiency initiatives		40,812			—			—			—			—
Loss on redemption of subordinated notes		4,165			—			—			—			—
Provision for credit loss associated with energy loan sale		—			—			—			—			160,101
NONINTEREST INCOME
Service charges on deposit accounts	$	19,381		$	19,146		$	19,864		$	18,440		$	15,518
Trust fees		16,307			15,003			14,801			14,424			14,160
Bank card and ATM fees		20,483			18,120			17,590			17,222			15,957
Investment and insurance commissions, and annuity fees		7,331			7,458			5,826			5,988			5,366
Secondary mortgage market operations		12,556			11,710			11,508			12,875			9,808
Other income		18,214			15,652			12,761			14,799			13,134
Total noninterest income	$	94,272		$	87,089		$	82,350		$	83,748		$	73,943
NONINTEREST EXPENSE
Personnel expense	$	142,654		$	119,615		$	112,245		$	117,856		$	120,409
Net occupancy and equipment expense		17,347			17,691			17,805			18,546			18,311
Other real estate and foreclosed assets expense (income), net		(86	)		6			367			(482	)		(460	)
Other expense		72,610			51,341			58,113			55,066			53,110
Amortization of intangibles		4,245			4,419			4,614			4,788			5,169
Total noninterest expense	$	236,770		$	193,072		$	193,144		$	195,774		$	196,539
COMMON SHARE DATA
Earnings (loss) per share:
Basic	$	1.00		$	1.21		$	1.17		$	0.90		$	(1.36	)
Diluted		1.00			1.21			1.17			0.90			(1.36	)

(f) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.

HANCOCK WHITNEY CORPORATION

PERIOD-END BALANCE SHEET

(Unaudited)

(dollars in thousands)	6/30/2021			3/31/2021			12/31/2020			9/30/2020			6/30/2020
ASSETS
Commercial non-real estate loans	$	9,532,710		$	10,091,342		$	9,986,983		$	10,257,788		$	10,465,280
Commercial real estate - owner occupied loans		2,809,868			2,795,104			2,857,445			2,779,407			2,762,259
Total commercial and industrial loans		12,342,578			12,886,446			12,844,428			13,037,195			13,227,539
Commercial real estate - income producing loans		3,419,028			3,411,028			3,357,939			3,406,554			3,350,299
Construction and land development loans		1,295,036			1,122,141			1,065,057			1,096,149			1,128,959
Residential mortgage loans		2,412,459			2,488,792			2,665,212			2,754,388			2,877,316
Consumer loans		1,679,429			1,756,452			1,857,295			1,945,918			2,044,264
Total loans		21,148,530			21,664,859			21,789,931			22,240,204			22,628,377
Loans held for sale		90,002			124,677			136,063			103,566			364,416
Securities		8,633,133			8,005,990			7,356,497			7,056,276			6,381,803
Short-term investments		2,203,785			2,339,111			1,333,786			779,057			760,194
Earning assets		32,075,450			32,134,637			30,616,277			30,179,103			30,134,790
Allowance for loan losses		(399,668	)		(424,360	)		(450,177	)		(448,674	)		(442,638	)
Goodwill and other intangible assets		933,681			937,926			942,345			946,958			951,746
Other assets		2,489,246			2,424,440			2,530,157			2,515,937			2,571,502
Total assets	$	35,098,709		$	35,072,643		$	33,638,602		$	33,193,324		$	33,215,400
LIABILITIES
Noninterest-bearing deposits	$	13,406,385		$	13,174,911		$	12,199,750		$	11,881,548		$	11,759,085
Interest-bearing transaction and savings deposits		11,308,744			11,200,412			10,413,870			9,971,869			9,605,254
Interest-bearing public fund deposits		3,206,799			3,198,523			3,234,936			3,176,225			3,326,033
Time deposits		1,351,179			1,636,674			1,849,321			2,001,017			2,631,896
Total interest-bearing deposits		15,866,722			16,035,609			15,498,127			15,149,111			15,563,183
Total deposits		29,273,107			29,210,520			27,697,877			27,030,659			27,322,268
Short-term borrowings		1,516,508			1,652,747			1,667,513			1,906,895			1,754,875
Long-term debt		248,052			397,583			378,322			385,887			386,269
Other liabilities		498,141			394,890			455,865			494,239			435,831
Total liabilities		31,535,808			31,655,740			30,199,577			29,817,680			29,899,243
COMMON STOCKHOLDERS' EQUITY
Common stock net of treasury and capital surplus		2,080,486			2,073,658			2,067,450			2,064,828			2,057,153
Retained earnings		1,439,553			1,374,688			1,291,506			1,211,878			1,156,278
Accumulated other comprehensive income (loss)		42,862			(31,443	)		80,069			98,938			102,726
Total common stockholders' equity		3,562,901			3,416,903			3,439,025			3,375,644			3,316,157
Total liabilities & stockholders' equity	$	35,098,709		$	35,072,643		$	33,638,602		$	33,193,324		$	33,215,400
For informational purposes only - included above
SBA Paycheck Protection Program (PPP) loans	$	1,417,523		$	2,345,605		$	2,005,237		$	2,323,691		$	2,286,963
CAPITAL RATIOS
Tangible common equity	$	2,629,220		$	2,478,977		$	2,496,680		$	2,428,686		$	2,364,411
Tier 1 capital (g)		2,691,980			2,622,973			2,534,049			2,446,382			2,377,935
Common equity as a percentage of total assets		10.15	%		9.74	%		10.22	%		10.17	%		9.98	%
Tangible common equity ratio		7.70	%		7.26	%		7.64	%		7.53	%		7.33	%
Leverage (Tier 1) ratio (g)		7.83	%		7.89	%		7.88	%		7.70	%		7.37	%
Common equity tier 1 (CET1) ratio (g)		10.98	%		11.00	%		10.61	%		10.30	%		9.78	%
Tier 1 risk-based capital ratio (g)		10.98	%		11.00	%		10.61	%		10.30	%		9.78	%
Total risk-based capital ratio (g)		12.94	%		13.60	%		13.22	%		12.92	%		12.36	%

(g) Estimated for most recent period-end. Regulatory capital ratios reflect the election to use the five-year transition rules for the adoption of ASC 326, commonly referred to as Current Expected Credit Loss, or CECL.

HANCOCK WHITNEY CORPORATION

AVERAGE BALANCE SHEET

(Unaudited)

	Three Months Ended									Six Months Ended
(in thousands)	6/30/2021			3/31/2021			6/30/2020			6/30/2021			6/30/2020
ASSETS
Commercial non-real estate loans	$	9,889,904		$	10,053,333		$	10,791,206		$	9,971,167		$	9,969,340
Commercial real estate - owner occupied loans		2,782,362			2,839,135			2,767,291			2,810,622			2,751,213
Total commercial and industrial loans		12,672,266			12,892,468			13,558,497			12,781,789			12,720,553
Commercial real estate - income producing loans		3,420,781			3,367,954			3,240,564			3,394,483			3,173,192
Construction and land development loans		1,140,065			1,073,843			1,132,744			1,107,137			1,126,739
Residential mortgage loans		2,442,956			2,600,492			2,923,247			2,521,289			2,946,104
Consumer loans		1,712,746			1,810,541			2,101,980			1,761,373			2,128,936
Total loans		21,388,814			21,745,298			22,957,032			21,566,071			22,095,524
Loans held for sale		89,638			111,753			89,935			100,634			65,126
Securities (h)		8,194,812			7,468,541			6,129,616			7,833,682			6,139,524
Short-term investments		2,522,251			1,690,045			837,246			2,108,447			522,066
Earning assets		32,195,515			31,015,637			30,013,829			31,608,834			28,822,240
Allowance for loan losses		(418,753	)		(451,830	)		(425,844	)		(435,200	)		(333,604	)
Goodwill and other intangible assets		935,737			940,074			954,252			937,893			956,876
Other assets		2,453,185			2,574,319			2,594,469			2,513,420			2,454,642
Total assets	$	35,165,684		$	34,078,200		$	33,136,706		$	34,624,947		$	31,900,154
LIABILITIES AND COMMON STOCKHOLDERS' EQUITY
Noninterest-bearing deposits	$	13,237,796		$	12,374,235		$	10,989,921		$	12,808,401		$	9,876,640
Interest-bearing transaction and savings deposits		11,315,790			10,795,991			9,387,292			11,057,326			9,092,887
Interest-bearing public fund deposits		3,208,718			3,211,077			3,320,338			3,209,891			3,286,286
Time deposits		1,466,505			1,757,460			3,005,071			1,611,179			3,259,119
Total interest-bearing deposits		15,991,013			15,764,528			15,712,701			15,878,396			15,638,292
Total deposits		29,228,809			28,138,763			26,702,622			28,686,797			25,514,932
Short-term borrowings		1,661,015			1,688,368			2,254,731			1,674,616			2,202,447
Long-term debt		371,892			396,731			276,891			384,243			254,165
Other liabilities		415,376			412,872			436,845			414,132			440,938
Common stockholders' equity		3,488,592			3,441,466			3,465,617			3,465,159			3,487,672
Total liabilities & stockholders' equity	$	35,165,684		$	34,078,200		$	33,136,706		$	34,624,947		$	31,900,154
For informational purposes only - included above
SBA Paycheck Protection Program (PPP) loans	$	2,043,032		$	2,191,284		$	1,727,797		$	2,116,748		$	863,898

(h) Average securities does not include unrealized holding gains/losses on available for sale securities.

HANCOCK WHITNEY CORPORATION

AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY

(Unaudited)

	Three Months Ended
	6/30/2021							3/31/2021							6/30/2020
(dollars in millions)	Average<br><br><br>Balance		Interest		Rate			Average<br><br><br>Balance		Interest		Rate			Average<br><br><br>Balance		Interest		Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i)	$	17,233.1	$	149.3		3.47	%	$	17,334.3	$	155.9		3.65	%	$	17,931.8	$	165.3		3.71	%
Residential mortgage loans		2,443.0		23.9		3.92	%		2,600.5		24.7		3.79	%		2,923.2		28.4		3.89	%
Consumer loans		1,712.7		21.0		4.92	%		1,810.5		21.4		4.79	%		2,102.0		25.3		4.85	%
Loan fees & late charges		—		16.5		0.00	%		—		13.4		0.00	%		—		11.8		0.00	%
Total loans (TE) (j) (k)		21,388.8		210.7		3.95	%		21,745.3		215.4		4.01	%		22,957.0		230.8		4.04	%
Loans held for sale		89.6		0.6		2.90	%		111.8		0.7		2.41	%		90.0		0.6		2.89	%
US Treasury and government<br><br><br>agency securities		291.0		1.2		1.67	%		214.5		0.9		1.77	%		127.1		0.8		2.31	%
CMOs and mortgage backed securities		6,961.4		31.0		1.78	%		6,307.9		29.4		1.86	%		5,128.2		30.4		2.37	%
Municipals (TE)		930.1		6.8		2.94	%		934.5		6.8		2.93	%		866.3		6.6		3.06	%
Other securities		12.3		0.1		3.64	%		11.6		0.1		4.07	%		8.0		0.1		4.31	%
Total securities (TE) (l)		8,194.8		39.1		1.91	%		7,468.5		37.2		2.00	%		6,129.6		37.9		2.47	%
Total short-term investments		2,522.3		0.7		0.11	%		1,690.0		0.4		0.10	%		837.2		0.3		0.11	%
Average earning assets yield (TE)	$	32,195.5	$	251.1		3.13	%	$	31,015.6	$	253.7		3.30	%	$	30,013.8	$	269.6		3.61	%
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits	$	11,315.8	$	2.7		0.10	%	$	10,796.0	$	3.4		0.13	%	$	9,387.3	$	4.4		0.19	%
Time deposits		1,466.5		1.7		0.47	%		1,757.4		3.0		0.69	%		3,005.1		11.9		1.60	%
Public funds		3,208.7		2.6		0.33	%		3,211.1		2.8		0.36	%		3,320.3		6.3		0.76	%
Total interest-bearing deposits		15,991.0		7.0		0.18	%		15,764.5		9.2		0.24	%		15,712.7		22.6		0.58	%
Short-term borrowings		1,661.0		1.6		0.37	%		1,688.4		1.5		0.36	%		2,254.7		2.3		0.40	%
Long-term debt		371.9		5.0		5.42	%		396.7		5.5		5.48	%		276.9		3.6		5.19	%
Total borrowings		2,032.9		6.6		1.30	%		2,085.1		7.0		1.34	%		2,531.6		5.9		0.93	%
Total interest-bearing liabilities cost		18,023.9		13.6		0.30	%		17,849.6		16.2		0.37	%		18,244.3		28.5		0.63	%
Net interest-free funding sources		14,171.6							13,166.0							11,769.5
Total cost of funds		32,195.5		13.6		0.17	%		31,015.6		16.2		0.21	%		30,013.8		28.5		0.38	%
Net Interest Spread (TE)			$	237.5		2.82	%			$	237.5		2.94	%			$	241.1		2.98	%
Net Interest Margin (TE)	$	32,195.5	$	237.5		2.96	%	$	31,015.6	$	237.5		3.09	%	$	30,013.8	$	241.1		3.23	%

(i) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.

(j) Includes nonaccrual loans.

(k) Included in interest income is net purchase accounting accretion of $1.6 million, $3.5 million and $3.7 million for the three months ended June 30, 2021, March 31, 2021 and June 30, 2020, respectively.

(l) Average securities does not include unrealized holding gains/losses on available for sale securities.

HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY
(Unaudited)
	Six Months Ended
	6/30/2021							6/30/2020
(dollars in millions)	Average<br><br><br>Balance		Interest		Rate			Average<br><br><br>Balance		Interest		Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i)	$	17,283.4	$	305.1		3.56	%	$	17,020.5	$	347.9		4.11	%
Residential mortgage loans		2,521.3		48.6		3.85	%		2,946.1		57.9		3.93	%
Consumer loans		1,761.4		42.4		4.85	%		2,128.9		54.7		5.17	%
Loan fees & late charges		—		29.9		0.00	%		—		11.2		0.00	%
Total loans (TE) (j) (k)		21,566.1		426.0		3.98	%		22,095.5		471.7		4.29	%
Loans held for sale		100.6		1.3		2.63	%		65.1		1.3		3.91	%
US Treasury and government agency securities		253.0		2.2		1.71	%		125.9		1.5		2.34	%
CMOs and mortgage backed securities		6,636.5		60.4		1.82	%		5,133.8		61.7		2.40	%
Municipals (TE)		932.3		13.7		2.93	%		871.8		13.4		3.06	%
Other securities		11.9		0.2		3.85	%		8.0		0.2		4.30	%
Total securities (TE) (l)		7,833.7		76.5		1.95	%		6,139.5		76.8		2.50	%
Total short-term investments		2,108.4		1.1		0.10	%		522.1		0.6		0.26	%
Average earning assets yield (TE)	$	31,608.8	$	504.9		3.21	%	$	28,822.2	$	550.4		3.83	%
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits	$	11,057.3	$	6.1		0.11	%	$	9,092.9	$	17.1		0.38	%
Time deposits		1,611.2		4.7		0.59	%		3,259.1		27.4		1.69	%
Public funds		3,209.9		5.5		0.34	%		3,286.3		17.1		1.04	%
Total interest-bearing deposits		15,878.4		16.3		0.21	%		15,638.3		61.6		0.79	%
Short-term borrowings		1,674.6		3.1		0.37	%		2,202.4		6.7		0.61	%
Long-term debt		384.2		10.5		5.45	%		254.2		6.3		5.00	%
Total borrowings		2,058.8		13.6		1.32	%		2,456.6		13.0		1.07	%
Total interest-bearing liabilities cost		17,937.2		29.9		0.33	%		18,094.9		74.6		0.83	%
Net interest-free funding sources		13,671.6							10,727.3
Total cost of funds		31,608.8		29.9		0.19	%		28,822.2		74.6		0.52	%
Net Interest Spread (TE)			$	475.0		2.88	%			$	475.8		3.00	%
Net Interest Margin (TE)	$	31,608.8	$	475.0		3.02	%	$	28,822.2	$	475.8		3.31	%

(i) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.

(j) Includes nonaccrual loans.

(k) Included in interest income is net purchase accounting accretion of $5.1 million and $9.9 million for the six months ended June 30, 2021 and 2020, respectively.

(l) Average securities does not include unrealized holding gains/losses on available for sale securities.

HANCOCK WHITNEY CORPORATION

ASSET QUALITY INFORMATION

(Unaudited)

	Three Months Ended									Six Months Ended
(dollars in thousands)	6/30/2021			3/31/2021			6/30/2020			6/30/2021			6/30/2020
Nonaccrual loans (m)	$	83,551		$	108,434		$	183,979		$	83,551		$	183,979
Restructured loans - still accruing		3,830			6,320			9,848			3,830			9,848
Total nonperforming loans		87,381			114,754			193,827			87,381			193,827
ORE and foreclosed assets		10,201			9,467			18,724			10,201			18,724
Total nonperforming assets	$	97,582		$	124,221		$	212,551		$	97,582		$	212,551
Nonperforming assets as a percentage of loans, ORE and foreclosed assets		0.46	%		0.57	%		0.94	%		0.46	%		0.94	%
Accruing loans 90 days past due (n)	$	8,925		$	5,090		$	5,230		$	8,925		$	5,230
Accruing loans 90 days past due as a percentage of loans		0.04	%		0.02	%		0.02	%		0.04	%		0.02	%
Nonperforming assets + accuring loans 90 days past due to loans, ORE and foreclosed assets		0.50	%		0.60	%		0.96	%		0.50	%		0.96	%
PROVISION AND ALLOWANCE FOR CREDIT LOSSES
Allowance for Loan Losses:
Beginning balance	$	424,360		$	450,177		$	426,003		$	450,177		$	191,251
Cumulative effect of change in accounting principle (o)		—			—			—			—			49,411
Provision for loan losses		(14,194	)		(7,563	)		319,319			(21,757	)		548,424
Charge-offs		(15,822	)		(22,104	)		(305,917	)		(37,926	)		(353,655	)
Recoveries		5,324			3,850			3,233			9,174			7,207
Net charge-offs		(10,498	)		(18,254	)		(302,684	)		(28,752	)		(346,448	)
Ending Balance	$	399,668		$	424,360		$	442,638		$	399,668		$	442,638
Reserve for Unfunded Lending Commitments:
Beginning balance	$	32,559		$	29,907		$	48,992		$	29,907		$	3,974
Cumulative effect of change in accounting principle (o)		—			—			—			—			27,330
Provision for losses on unfunded lending commitments		(3,035	)		2,652			(12,421	)		(383	)		5,267
Ending Balance	$	29,524		$	32,559		$	36,571		$	29,524		$	36,571
Total Allowance for Credit Losses	$	429,192		$	456,919		$	479,209		$	429,192		$	479,209
Total Provision for Credit Losses	$	(17,229	)	$	(4,911	)	$	306,898		$	(22,140	)	$	553,691
Allowance for loan losses as a percentage of period-end loans		1.89	%		1.96	%		1.96	%		1.89	%		1.96	%
Allowance for credit losses as a percentage of period-end loans		2.03	%		2.11	%		2.12	%		2.03	%		2.12	%
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due		415.00	%		354.09	%		222.37	%		415.00	%		222.37	%
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries)
Commercial & real estate loans	$	9,257		$	16,206		$	299,365		$	25,463		$	338,874
Residential mortgage loans		(133	)		(97	)		(549	)		(230	)		(620	)
Consumer loans		1,374			2,145			3,868			3,519			8,194
Total net charge-offs	$	10,498		$	18,254		$	302,684		$	28,752		$	346,448
Net charge-offs (recoveries) as a percentage of average loans
Commercial & real estate loans		0.22	%		0.38	%		6.71	%		0.30	%		4.00	%
Residential mortgage loans		(0.02	)%		(0.02	)%		(0.08	)%		(0.02	)%		(0.04	)%
Consumer loans		0.32	%		0.48	%		0.74	%		0.40	%		0.77	%
Total net charge-offs as a percentage of average loans		0.20	%		0.34	%		5.30	%		0.27	%		3.15	%
For informational purposes - included above
Provision for credit loss associated with energy loan sale	$	—		$	—		$	160,101		$	—		$	160,101
Charge-offs associated with energy loan sale		—			—			242,628			—			242,628

(m) Included in nonaccrual loans are nonaccruing restructured loans totaling $6.8 million, $7.2 million and $55.2 million at 6/30/2021, 3/31/2021 and 6/30/2020, respectively.

(n) Excludes 90+ accruing loan troubled debt restructured loans already reflected in total nonperforming loans of $1.8 million at 3/31/2021.

(o) Represents the increase in the allowance upon the 1/1/20 adoption of ASC 326, commonly referred to as Current Expected Credit Losses, or CECL.

HANCOCK WHITNEY CORPORATION

ASSET QUALITY INFORMATION

(Unaudited)

	Three Months Ended
(dollars in thousands)	6/30/2021			3/31/2021			12/31/2020			9/30/2020			6/30/2020
Nonaccrual loans (m)	$	83,551		$	108,434		$	139,879		$	171,462		$	183,979
Restructured loans - still accruing		3,830			6,320			4,262			9,115			9,848
Total nonperforming loans		87,381			114,754			144,141			180,577			193,827
ORE and foreclosed assets		10,201			9,467			11,648			11,640			18,724
Total nonperforming assets	$	97,582		$	124,221		$	155,789		$	192,217		$	212,551
Nonperforming assets as a percentage of loans, ORE and foreclosed assets		0.46	%		0.57	%		0.71	%		0.86	%		0.94	%
Accruing loans 90 days past due (n)	$	8,925		$	5,090		$	3,361		$	10,439		$	5,230
Accruing loans 90 days past due as a percentage of loans		0.04	%		0.02	%		0.02	%		0.05	%		0.02	%
Nonperforming assets + accruing loans 90 days past due to loans, ORE and foreclosed assets		0.50	%		0.60	%		0.73	%		0.91	%		0.96	%
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for loan losses	$	399,668		$	424,360		$	450,177		$	448,674		$	442,638
Reserve for unfunded lending commitments		29,524			32,559			29,907			31,526			36,571
Total allowance for credit losses	$	429,192		$	456,919		$	480,084		$	480,200		$	479,209
Total provision for credit losses	$	(17,229	)	$	(4,911	)	$	24,214		$	24,999		$	306,898
Allowance for loan losses as a percentage of period-end loans		1.89	%		1.96	%		2.07	%		2.02	%		1.96	%
Allowance for credit losses as a percentage of period-end loans		2.03	%		2.11	%		2.20	%		2.16	%		2.12	%
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due		415.00	%		354.09	%		305.20	%		234.89	%		222.37	%
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries)
Commercial & real estate loans	$	9,257		$	16,206		$	22,141		$	23,210		$	299,365
Residential mortgage loans		(133	)		(97	)		(166	)		(288	)		(549	)
Consumer loans		1,374			2,145			2,355			1,086			3,868
Total net charge-offs	$	10,498		$	18,254		$	24,330		$	24,008		$	302,684
Net charge-offs (recoveries) as a percentage of average loans
Commercial & real estate loans		0.22	%		0.38	%		0.51	%		0.52	%		6.71	%
Residential mortgage loans		(0.02	)%		(0.02	)%		(0.02	)%		(0.04	)%		(0.08	)%
Consumer loans		0.32	%		0.48	%		0.49	%		0.22	%		0.74	%
Total net charge-offs as a percentage of average loans		0.20	%		0.34	%		0.44	%		0.43	%		5.30	%
AVERAGE LOANS
Commercial & real estate loans	$	17,233,112		$	17,334,265		$	17,429,975		$	17,607,186		$	17,931,805
Residential mortgage loans		2,442,956			2,600,492			2,732,483			2,807,568			2,923,247
Consumer loans		1,712,746			1,810,541			1,903,214			1,993,071			2,101,980
Total average loans	$	21,388,814		$	21,745,298		$	22,065,672		$	22,407,825		$	22,957,032
For informational purposes - included above
Provision for credit loss associated with energy loan sale	$	—		$	—		$	—		$	—		$	160,101
Charge-offs associated with energy loan sale		—			—			—			—			242,628

(m) Included in nonaccrual loans are nonaccruing restructured loans totaling $6.8 million, $7.2 million, $21.6 million, $39.9 million and $55.2 million at 6/30/2021, 3/31/2021, 12/31/2020, 9/30/2020 and 6/30/2020, respectively.

(n) Excludes 90+ accruing loan troubled debt restructured loans already reflected in total nonperforming loans of $1.8 million at 3/31/2021.

HANCOCK WHITNEY CORPORATION

Appendix A to the Earnings Release

Reconciliation of Non-GAAP Measures

TOTAL REVENUE (TE) AND PRE-PROVISION NET REVENUE (TE)

	Three Months Ended															Six Months Ended
(in thousands)	6/30/2021			3/31/2021			12/31/2020			9/30/2020			6/30/2020			6/30/2021			6/30/2020
Net interest income	$	234,643		$	234,587		$	238,286		$	235,183		$	237,866		$	469,230		$	469,054
Noninterest income		94,272			87,089			82,350			83,748			73,943			181,361			158,330
Total revenue		328,915			321,676			320,636			318,931			311,809			650,591			627,384
Taxable equivalent adjustment (p)		2,854			2,922			3,115			3,189			3,248			5,776			6,696
Nonoperating revenue		(2,800	)		—			—			—			—			(2,800	)		—
Operating revenue (TE)		328,969			324,598			323,751			322,120			315,057			653,567			634,080
Noninterest expense		(236,770	)		(193,072	)		(193,144	)		(195,774	)		(196,539	)		(429,842	)		(399,874	)
Nonoperating expense		44,977			—			—			—			—			44,977			—
Operating pre-provision net revenue (TE)	$	137,176		$	131,526		$	130,607		$	126,346		$	118,518		$	268,702		$	234,206

(p) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.

17

Second Quarter 2021 Earnings Conference Call 7/20/2021 HANCOCK WHITNEY Exhibit 99.2

This presentation contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit losses, loan growth expectations, management’s predictions about charge-offs for loans, the impact of the COVID-19 pandemic on the economy and our operations, the adequacy of our enterprise risk management framework, the impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, success of revenue-generating initiatives, the effectiveness of derivative financial instruments and hedging activities to manage risks, projected tax rates, increased cybersecurity risks, including potential business disruptions or financial losses, the adequacy of our internal controls over financial reporting, the financial impact of regulatory requirements and tax reform legislation, the impact of the change in the referenced rate reform, deposit trends, credit quality trends, the impact of PPP loans and forgiveness on our results, changes in interest rates, inflation, net interest margin trends, future expense levels (including the impact from the Voluntary Early Retirement Program), future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts, accretion levels and expected returns. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “forecast,” “goals,” “targets,” “initiatives,” “focus,” “potentially,” “probably,” “projects,” “outlook," or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events.

Given the many unknowns and risks being heavily weighted to the downside, our forward-looking statements are subject to the risk that conditions will be substantially different than we are currently expecting. If efforts to contain and inoculate our population against COVID-19 and other variants thereof, are unsuccessful and restrictions on movement are imposed, the economic impact could continue to be substantial. The COVID-19 outbreak and its consequences, including responsive measures to manage it, have had and are likely to continue to have an adverse effect, possibly materially, on our business and financial performance by adversely affecting, possibly materially, the demand and profitability of our products and services, the valuation of assets and our ability to meet the needs of our customers.

Forward-looking statements are subject to significant risks and uncertainties. Any forward-looking statement made in this release is subject to the safe harbor protections set forth in the Private Securities Litigation Reform Act of 1995. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020 and in other periodic reports that we file with the SEC. Important cautionary statement about forward-looking statements 2 HNCOCK WHITNEY 2

Non-GAAP Reconciliations & Glossary of Terms Throughout this presentation we may use non-GAAP numbers to supplement the evaluation of our performance. The items noted below with an asterisk, "*", are considered non-GAAP. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements, and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. Reconciliations of those non-GAAP measures to the comparable GAAP measure are included in the appendix to this presentation. The earnings release, financial tables and supporting slide presentation can be found on the company’s Investor Relations website at investors.hancockwhitney.com. 1Q21 – First Quarter of 2021 2H20 – Second Half of 2020 2H21 – Second Half of 202133 2Q20 – Second Quarter of 2020 2Q21 – Second Quarter of 2021 3Q20 – Third Quarter of 2020 3Q21 – Third Quarter of 2021 4Q20 – Fourth Quarter of 2020 4Q21 – Fourth Quarter of 2021 AFS – Available for sale securities ACL – Allowance for credit losses Annualized – Calculated to reflect a rate based on a full year bps – basis points CARES Act – Coronavirus Aid Relief, and Economic Security Act CCB – Capital Conservation Buffer C&D – Construction and land development loans C&I – Commercial and industrial loans CDI – Core Deposit Intangible CECL – Current Expected Credit Losses (accounting standard effective 1/1/2020) CET1 – Common Equity Tier 1 Ratio Core Loans - Loans excluding PPP activity COVID-19 – Pandemic related virus CRE – Commercial real estate DDA – Noninterest-bearing demand deposit accounts DP – Data processing (e) – estimated *Efficiency ratio – noninterest expense to total net interest (TE) and noninterest income, excluding amortization of purchased intangibles and nonoperating items EOP – End of period EPS – Earnings per share Excess liquidity - deposits held at the Fed plus investment in the bond portfolio above normal levels FTE – Full time equivalent FV – Fair Value HFS – Held for sale HTM – Held to maturity securities ICRE – Income-producing commercial real estate IRR – Interest rate risk LIBOR – London Inter-Bank Offered Rate Line Utilization - represents the used portion of a revolving line resulting in a funded balance for a given portfolio; credit cards, construction loans (commercial and residential), and consumer lines of credit are excluded from the calculation Linked-quarter (LQ) – current quarter compared to previous quarter LOB – Line of Business LQA – Linked-quarter annualized M&A – Mergers and acquisitions MM – Dollars in millions NII – Net interest income *NIM – Net interest margin (TE) NPA – Nonperforming assets NPL – Nonperforming loans OCI – Other comprehensive income OFA – Other foreclosed assets *Operating – Financial measure excluding nonoperating items *Operating Leverage – Operating revenue (TE) less operating expense; also known as PPNR ORE – Other real estate PAA – Purchase accounting accretion from business combinations *PPNR – Pre-provision net revenue (operating): also known as operating leverage PPP – SBA’s Paycheck Protection Program related to COVID-19 PY – Prior year ROA – Return on average assets ROTCE – Return on tangible common equity SBA – Small Business Administration S1 – Stronger Near-term Growth S2 – Slower Near-term Growth S3 – Moderate Recession S4 – Protracted Slump Structured solutions – active term modification of original contractual loan agreement TCE – Tangible common equity ratio (common shareholders’ equity less intangible assets divided by total assets less intangible assets) TDR – Troubled Debt Restructuring *TE – Taxable equivalent (calculated using the current statutory federal tax rate) VERP – Voluntary Early Retirement Program Y-o-Y – Year over year HNCOCK WHITNEY 3 3

4 Corporate Profile (as of June 30, 2021) $35.1 billion in Total Assets $21.1 billion in Total Loans (includes $1.4 billion in PPP loans) $29.3 billion in Total Deposits CET1 ratio 10.98%(e) Tangible Common Equity (TCE) ratio 7.70% $3.9 billion in Market Capitalization 195 banking locations and nearly 265 ATMs across our footprint Approximately 3,600 (FTE) employees corporate-wide Moody’s long-term issuer rating: Baa3; outlook stable S&P long-term issuer rating: BBB; outlook stable Named one of America’s Best Midsize Employers by Forbes Rated among the strongest, safest financial institutions in the country by BauerFinancial, Inc. for 127 consecutive quarters Earned top customer service marks with Greenwich Excellence Awards Diversity, equity and inclusion (DEI) are fundamental to the spirit of HWC’s purpose, mission and values

HWC Nasdaq Listed HNCOCK WHITNEY 4

Second Quarter 2021 Highlights Net income totaled $88.7 million, or $1.00 per diluted share, down $18.5 million, or $0.21 per share, compared to 1Q21 Results include $42.2 million, or $0.37 per share, of net nonoperating items EPS (excluding the impact of nonoperating items) $1.37 Pre-provision net revenue (PPNR)* totaled $137.2 million, up $5.7 million, linked-quarter Loans declined $516.3 million linked-quarter; net PPP forgiveness of $928.1 million partially offset by core loan growth of $411.8 million Deposits increased $62.6 million linked-quarter, mainly from continued pandemic-related PPP and stimulus deposit funding Negative provision for credit losses of $17.2 million; $27.7 million reserve release and $10.5 million in net charge-offs ACL coverage remained strong at 2.03% (2.17% excluding PPP loans) Nonperforming loans declined 24% and criticized commercial loans declined 5% linked-quarter Net interest margin (NIM) 2.96%, compressed 13 bps linked-quarter, mainly from the impact of excess liquidity driven by PPP forgiveness and deposit growth TCE ratio 7.70%, up 44 bps, due to increase from earnings and OCI partially offset by dividends 5 *Non-GAAP measure. See slide 26 for non-GAAP reconciliation. HNCOCK WHITNEY 6

Loans totaled $21.1 billion, down $516.3 million, net, linked-quarter $1.033 billion in PPP loan forgiveness $104.9 million in new PPP loan origination $411.8 million in core loan growth, or 9% LQA Quarterly core loan growth (excl PPP) impacted by: Fewer payoffs and paydowns in 2Q21 Stabilization of line utilization rates Increased loan pipeline pull-through rate Tailwinds and headwinds to future core loan growth: Tailwinds: Improvement in economic activity across our footprint Deployment of excess liquidity Improvement of utilization rates Headwinds: Amortizing only indirect and energy loan portfolios Continued elevated levels of residential mortgage payoffs Payoffs and paydowns expected in 3Q21 6 Second Quarter Growth Impacted By Several Factors Bar Chart

Paycheck Protection Program (PPP) Loans Under the original and extended Paycheck Protection Programs (PPP), the company has originated more than 20,000 loans totaling $3.3 billion During 2Q21, $1.033 billion in PPP loans were forgiven and $104.9 million in PPP loans were originated under the extended CARES Act program Expect up to $750 million of PPP loans to be forgiven in 3Q21 Expect most PPP loans to be forgiven by year-end 2021, resulting in a total remaining balance between $300 million and $400 million at December 31, 2021 Unamortized fees totaled $31.9 million as of June 30, 2021 7 West 25% Central 39% East 36% HNCOCK WHITNEY 7 *Non-GAAP measure. See slide 26 for non-GAAP reconciliation.

Hospitality Rebounds From Leisure Tourism, Green Shoots in Conventions 8 East (MS, AL, FL, TN) Total hospitality loans equal $359 million The Florida Legislature’s Office of Economic & Demographic Research reported May general revenue collection at $3.6 billion, topping the forecast by 18.9% Upcoming events: Bonnaroo Music and Arts Festival (TN) September 2-5 Annual MBGFC Labor Day Invitational (AL) September 2-6 Flora-Bama Bulls on the Beach (FL/AL) September 9-11 Cruisin’ The Coast (MS) October 3-10 Annual National Shrimp Festival (AL) October 7-9 West (S.W. LA & TX) Total hospitality loans equal $245 million Louisianans 18+ who have received at least one dose of the COVID-19 vaccine can enter for a chance to win $1 million while residents ages 12-17 are eligible to win one of nine $100,000 scholarships Upcoming events: Confederation of North, Central America and Caribbean Association Football quarterfinals at AT&T Stadium July 25 Texas Trophy Hunters Association Hunter’s Extravaganza, Houston August 6-8 Texas State Fair September 24-October 17 Astroworld Festival, Houston November 5-6

Central (S.E. LA) Total hospitality loans equal $520 million Upcoming scheduled events: Satchmo Summer Fest July 31-August 1 Southern Decadence September 2-4 French Quarter Fest September 30-Oct. 2 New Orleans Jazz & Heritage Festival October 8-17 Allstate Sugar Bowl January 1, 2022 NCAA Final Four in 2022 Super Bowl LIX in 2025 Many French Quarter and Downtown hotels are reporting stronger occupancy rates on the weekends, in some cases as high as 90% Reported 80%+ occupancy for July 4th weekend Small conventions beginning to return; lag in larger conventions 60 conventions scheduled between June 1 and mid-September; expecting attendance of 73,000 +

NPLs and Criticized Commercial Loans Continue to Decline Criticized commercial loans totaled $330 million, or 2.11% of total commercial loans (excluding PPP loans), at June 30, 2021, down $18 million, or 5%, linked-quarter; down $63 million, or 16%, from December 31, 2020 Nonperforming loans totaled $87 million, or 0.44% of total loans (excluding PPP loans), at June 30, 2021, down $28 million, or 24%, linked-quarter; down $57 million, or 40%, from December 31, 2020

9 *Ratios exclude PPP loans 2.70% 0.91% 2.57% 0.73% 0.59% 2.11% 0.44% $700 $600 $500 $400 $300 $200 $100 $0 4Q19 1Q20 2Q20 3Q20 4Q20 HNCOCK WHITNEY 12

Modest Reserve Release Continues Negative provision for the quarter of ($17.2) million, results from a reserve release of $27.7 million partially offset by $10.5 million of net charge-offs Weighting applied to Moody's June 2021 economic scenarios was 65% Baseline and 35% slower growth (S2), consistent with prior quarter Scenarios mix and weighting reflect continued economic optimism and slight improvement in credit loss outlook; incorporates the potential of slower economic growth Significant assumptions in economic forecasts include varied levels of vaccination rates, size and timing of government infrastructure spend, and resolution of the coronavirus pandemic during 2021

10

11 Securities Portfolio Positioned Well for Future Rise in Rates Securities portfolio totaled $8.5 billion, up $537.6 million, or 7%, linked-quarter 16% HTM, 84% AFS $1.6 billion, or 22% of AFS securities, are FV hedged, and provide OCI protection and flexibility to reposition and/or reprice portfolio in a rising rate environment Yield 1.91%, down 9 bps linked-quarter primarily due to deployment of liquidity at lower yields Purchases during 2Q21 were mainly in mortgage backed securities at an average yield of 1.34% Unrealized net gain of $110.3 million on AFS at June 30, 2021 compared to $20.8 million at March 31, 2021 Premium amortization totaled $13.2 million, down $0.2 million linked-quarter Effective duration of 4.58 years compared to 4.76 years at March 31, 2021 Securities Portfolio Mix 12/31/20 $s in millions CMBS $2,873 41% CMO $513 7% U.S. Agencies and other $219 3% RMBS $2,582 36% Munis $936 13% HNCOCK WHITNEY 15 Bar chart,pie chart

12 Core Deposits Remain “Sticky” Total deposits of $29.3 billion, up $62.6 million linked-quarter as stimulus and PPP payments were distributed during the quarter Noninterest-bearing demand deposits (DDAs) increased $231.5 million and interest-bearing transaction and savings deposits increased $108.3 million mainly from continued pandemic-related PPP and stimulus deposit funding Time deposits (retail) decreased $285.5 million, with a portion moving to transaction accounts in light of low rate environment Interest-bearing public fund deposits stable DDAs comprised 46% of total period-end deposits June cost of deposits 8 bps, down 4 bps from March 2021 Total Deposits 12/31/20 $s in millions Time Deposits (retail) $1,835 7% Time Deposits (brokered) $14 ― Interest-bearing public funds $3,235 12% Interest-bearing transaction & savings $10,414 37% Noninterest bearing $12,200 44% $s in billions Avg Qtrly Deposits LQA EOP growth $28.0 $26.0 $24.0 $22.0 $20.0 $18.0 $16.0 1Q20 $24.3 20% 2Q20 $26.7 37% 3Q20 $26.8 -4% 4Q20 $27.0 10% 1Q21 $27.0 10% HNCOCK WHITNEY 15 Bar chart,pie chart

Strong Liquidity 13 * Includes PPP loans June 30, 2021 loan/deposit ratio 72.2% Relatively Low Average Loan/Deposit Ratio Strong Core Funding 89.0% 88.0% 87.0% 86.0% 85.0% 84.0% 83.0% 82.0% 81.0% 80.0% 4Q18 88.1% 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20* 88.2% 83.7% 81.6% Equity 10% Other liabilities & debt 8% DDA 36% Interest-bearing deposits 46% HNCOCK WHITNEY 17 Line chart

Net interest margin (NIM) at 2.96%, down 13 bps LQ; net interest income (TE) was flat linked quarter NIM Headwinds: Impact of lower rates PPP forgiveness Continued elevated excess liquidity NIM Tailwinds: Deployment of excess liquidity into loans Sub-debt redemption Proactive deposit pricing helped offset the impact from a lower rate environment, however trend beginning to flatten out NIM Compression; Flat Net Interest Income 14 Cost of Deposits 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% Mar-20 Apr-20 May-20 Jun 20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Mar-21e .59% .41% .33% .29% .25% .21% .20% .19% .17% .17% .13% 3.40% 3.30% 3.20% 3.10% 3.00% 2.90% 2.80% 3Q20 NIM (TE) Impact of Securities Portfolio Purchase/Premium amortization Impact of change in earnings asset mix Lower cost of deposits Net impact of interest reversals and recoveries/loan fees accretion 4Q20 NIM (TE) 0.02% 0.06% 0.05% 0.02% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 4Q19 1Q20 2Q20 3Q20 4Q20 4.69% 3.43% 2.56% 0.76% 4.56% 3.41% 2.53% 0.67% 4.04% 3.23% 2.47% 0.38% 3.95% 3.23% 2.31% 0.30% 3.99% 3.22% 2.23% 0.25% Loan Yield Securities Yield Cost of Fund NIM HNCOCK WHITNEY 18 Line chart

Loans, excluding PPP, totaled $19.7 billion at June 30, 2021 Loan portfolio 56% ($11 billion) variable at June 30, 2021 (excludes PPP) 62% ($6.8 billion) of variable loans are LIBOR-based (35% of loan portfolio excluding PPP) 96% of the LIBOR loans are tied to 1 month LIBOR; 2% of the LIBOR loans are tied to 3 month LIBOR; 2% of the LIBOR loans are tied to 1 year LIBOR 30% ($3.3 billion) tied to Wall Street Journal Prime Approximately 39% ($3.8 billion) of variable rate loans are at their floor (excludes mortgage and credit cards) Majority of floors are struck at a Fed Funds level of 1.00%, with $2.3B in loans striking floors at this level; once rates increase above 1%, the majority of these floored loans will convert back to floating Hedges deployed to effectively manage interest rate risk (see appendix slide 29) $1.5 billion of receive fixed/pay 1m LIBOR swaps designated as Cash Flow Hedges on the balance sheet (receive 191 bps, pay 1 month LIBOR) $1.6 billion of pay fixed/receive Fed Effective swaps designated as Fair Value Hedges (22% of AFS investment securities on the balance sheet) IRR Sensitivity 15 IRR Sensitivity IRR Sensitivity Loans, excluding PPP, totaled $19.8 billion at December 31, 2020 Loan portfolio 55% ($11 billion) variable at December 31, 2020 (excludes PPP) 60% ($6.5 billion) of variable loans are LIBOR-based (33% of loan portfolio excluding PPP) 96% of the LIBOR loans are tied to 1 month LIBOR; 2% of the LIBOR loans are tied to 3 month LIBOR; 2% of the LIBOR loans are tied to 1 year LIBOR 30% ($3.3 billion) tied to Wall Street Journal Prime Approximately 41% ($4.1 billion) of variable rate loans are at their floor (excludes mortgage and credit cards) Majority of floors are struck at a Fed Funds level of 1.00%, with $1.8B in loans striking floors at this level; once rates increase above 1%, the majority of these floored loans will convert back to floating $1.2 billion of receive fixed/pay variable swaps on the balance sheet (receive 217 bps, pay 1 month Libor) IRR Scenarios Indicates General Asset Sensitivity Across Most Scenarios 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 4.0% 6.5% 8.6% 14.1% 13.2% 21.6% +100 shock +200 shock +300 shock Year1 Year 2 CHANCOCK WHITNEY 18 * Source: S&P Global Market Intelligence company public filings as of 1Q21

16 Increased Economic Activity Drives Improvement in Fee Income Noninterest income totaled $94.3 million, up $7.2 million, or 8% linked-quarter; included in total noninterest income is $2.8 million gain from sale of Mastercard Class B common stock (nonoperating items) Operating income (excluding nonoperating items) totaled $91.5 million, up $4.4 million, or 5% linked-quarter Bankcard and ATM fees up due to increased economic activity and an additional processing day during 2Q21 Trust fees up due to annual tax fees and increased activity Secondary mortgage fees impacted by ongoing favorable rate environment and impact from a diversification in delivery methods Lower Mortgage, Specialty Income Partly Offset by Higher Service Fees Noninterest income totaled $82.4 million, down $1.3 million, or 2% linked-quarter Service charges and bank card & ATM fees up primarily due to increased activity, although lower than pre-pandemic levels Secondary mortgage fees continue to be impacted by the favorable rate environment, albeit a lower level of refinance activity compared to previous quarters Other income decrease related to lower levels of specialty income (BOLI) in 4Q20 partially offset by higher derivative income Expect 1Q21 fee income to be down related to anticipated lower levels of specialty income and secondary mortgage fees Secondary Mortgage Fees $11.5 14%Other $12.8 16% Noninterest Income Mix 12/31/20 $s in millions Service Charges on Deposit $19.9 24% Investment & Annuity and Insurance $5.8 7% Trust Fees $14.8 18% Bank Card & ATM Fees $17.6 21% 3Q20 NON INTEREST INCOME SERVICE CHARGES ON DEPOSIT accounts bank card & atm fees investment & annuity income and insurance trust fees secondary mortgage fees other 4q20 Non interest income Pie chart

17 Expense Management: Completion of Efficiency Initiatives Noninterest expense totaled $236.8 million, up $43.7 million linked-quarter; included in total expense is $45.0 million of nonoperating items (primarily efficiency initiatives) Operating expense (excluding nonoperating items) totaled $191.8 million, down $1.3 million, or 1% linked-quarter Decrease in personnel expense (excluding nonoperating items) due to $2.3 million of savings associated with the VERP Increase in professional expenses mostly related to PPP forgiveness activity 2Q21 efficiency initiatives (see slide 26): Voluntary Early Retirement Program (expect $19.0 million in annualized savings; 260 of 647 eligible associates accepted package) Reduction in force (200 positions impacted at June 30, 2021) Announced 4Q21 closure of 18 financial centers (previous closure of 20 brings total closed to 38; 177 locations will remain across footprint) A Focus on Expense Control; More Initiatives Underway Noninterest expense totaled $193.1 million, down $2.7 million, or 1% LQ Decline in personnel expense related to savings from efficiency measures taken to-date, including staff attrition and recent financial center closures Increase in other expenses mainly related to nonrecurring hurricane expense and branch closures Expense reduction initiatives to-date Closed 12 financial centers in 4Q20 8 additional financial centers closures announced in 1Q21 Ongoing branch rationalization reviews Closed Wealth Management trust offices in the NE corridor FTE down 210 compared to June 30, 2020 through staff attrition and other initiatives Early retirement package offered to select employees in 1Q21 Expect 1Q21 expenses to be flat as efficiency initiatives continue and offset typical beginning of the year increases; does not include nonrecurring charges for certain initiatives (i.e. early retirement)

Solid Capital, TCE Up 44 bps Linked-Quarter TCE ratio 7.70%, up 44 bps LQ Tangible net earnings +27 bps Change in OCI +22 bps Stock Compensation and other +2 bps Dividends -7 bps Decrease of 66 bps in total risk-based capital mostly related to redemption of 2015 subdebt CET1 ratio estimated at 10.98%, relatively stable linked-quarter Will continue to manage capital in the best interest of the Company and our shareholders; our priorities are: Organic growth Dividends Buybacks M&A (e) Estimated for most recent period-end 18 Capital Rebuild Continues After 1H20 De-Risking Activities TCE ratio 7.64%, up 11 bps LQ (7.99% excluding PPP loans) Tangible net earnings +34 bps Change in tangible assets/additional excess liquidity -10 bps Dividends -7 bps Change in OCI & other -6 bps CET1 ratio 10.70%, up 40 bps linked-quarter Intend to pay quarterly dividend in consultation with examiners; board reviews dividend policy quarterly Buybacks on hold Tangible Common Equity Ratio Leverage (Tier 1) Ratio CET1 Ratio and Tier 1 Risked-Based Capital Ratio Total Risk-Based Capital Ratio December 31, 2020 7.64% 7.87%(e) 10.70%(e) 13.31%(e) September 30, 2020 7.53% 7.70% 10.30% 12.92% June 30, 2020 7.33% 7.37% 9.78% 12.36% March 31, 2020 8.00% 8.40% 10.02% 11.87% December 31, 2019 8.45% 8.76% 10.50% 11.90% (e) Estimated for most recent period-end; effective March 31, 2020 regulatory capital ratios reflect the election to use the five-year CECL transition rules

Solid Capital in Excess of Regulatory Minimums 19 (1) Regulatory minimum with Capital Conservation Buffer (CCB) must be met in order for a bank holding company to engage in certain capital activities including, but not limited to, paying shareholder dividends. Leverage ratio does not have a CCB requirement. requirement. December 31, 2020 estimated regulatory capital ratios reflect the election to use the five-year CECL transition rules Estimated Regulatory Capital as of December 31, 2020 $s in millions Common Equity Tier 1 Tier 1 Capital Total Risk-based Solid Capital In Excess of Regulatory Minimums (1) Regulatory minimum with Capital Conservation Buffer (CCB) must be met in order for a bank holding company to engage in certain capital activities including, but not limited to, paying shareholder dividends. Leverage ratio does not have a CCB TCapitalier 1 Leverage Ratio Total Asset Base $23,678 $23,678 $23,678 $32,172 Total Capital 2,533 2,533 3,152 2,533 Capital Ratio 10.70% 10.70% 13.31% 7.87% Regulatory Minimum $ with CCB (1) 1,657 2,013 2,486 1,287 Regulatory Minimum with CCB (1) 7.00% 8.50% 10.50% 4.00% Capital in excess of Regulatory 876 521 666 1,246 minimum with CCB 3.70% 2.20% 2.81% 3.87% CHANCOCK WHITNEY 23

Near Term Outlook * See slide 7 for details on PPP loans ** Excludes 2Q21 nonoperating items 20

Appendix and Non-GAAP Reconciliations Appendix and Non-GAAP Reconciliations CHANCOCK WHITNEY

Summary Income Statement ($ in millions, except for share data) 22 *Non-GAAP measure. See slide 26 for non-GAAP reconciliation.

Summary Balance Sheet ($ in millions) 23 2Q21 includes $1.4 billion, 1Q21 includes $2.3 billion and 2Q20 includes $2.3 billion in PPP loans, net 2Q21 includes $2.0 billion, 1Q21 includes $2.2 billion and 2Q20 includes $1.7 billion in average PPP loans, net Average securities excludes unrealized gain /(loss) Summary Balance Sheet ($ in millions) 4Q20 and YTD 2020 include $2.0 billion and 3Q20 included $2.3 billion in PPP loans, net Average securities excludes unrealized gain /(loss)       Change       Change 4Q20 3Q20 4Q19 LQ PY Line Item YTD 2020 YTD 2019 Y-o-Y           EOP Balance Sheet       $21,789.9 $22,240.2 $21,212.8 ($450.3) $577.1 Loans (1) $21,789.9 $21,212.8 $577.1 7,356.5 7,056.3 6,243.3 300.2 1,113.2 Securities 7,356.5 6,243.3 1,113.2 30,616.3 30,179.1 27,622.2 437.2 2,994.1 Earning Assets 30,616.3 27,622.2 2,994.1 33,638.6 33,193.3 30,600.8 445.3 3,037.8 Total assets 33,638.6 30,600.8 3,037.8                   $27,698.0 $27,030.7 $23,803.6 $667.3 $3,894.4 Deposits $27,698.0 $23,803.6 $3,894.4 1,667.5 1,906.9 2,714.9 (239.4) (1,047.4) Short-term borrowings 1,667.5 2,714.9 (1,047.4) 30,199.6 29,817.7 27,133.1 381.9 3,066.5 Total Liabilities 30,199.6 27,133.1 3,066.5 3,439.0 3,375.6 3,467.7 63.4 (28.7) Stockholders' Equity 3,439.0 3,467.7 (28.7)                             Avg Balance Sheet       $22,065.7 $22,407.8 $21,037.9 ($342.1) $1,027.8 Loans $22,166.5 $20,380.0 $1,786.5 6,921.1 6,389.2 6,201.6 531.9 719.5 Securities (2) 6,398.7 5,864.2 534.5 29,875.5 29,412.3 27,441.5 463.2 2,434.0 Average earning assets 29,235.3 26,476.9 2,758.4 33,067.5 32,685.4 30,343.3 382.1 2,724.2 Total assets 32,391.0 29,125.4 3,265.6                   $27,040.4 $26,763.8 $23,848.4 $276.6 $3,192.0 Deposits $26,212.3 $23,299.3 $2,913.0 1,779.5 1,733.3 2,393.4 46.2 (613.9) Short-term borrowings 1,978.2 1,942.1 36.1 29,660.8 29,333.8 26,869.6 327.0 2,791.2 Total Liabilities 28,957.9 25,822.8 3,135.1 3,406.6 3,351.6 3,473.7 55.0 (67.1) Stockholders' Equity 3,433.1 3,302.7 130.4 3.99% 3.95% 4.69% 4 bps -70 bps Loan Yield 4.13% 4.81% -68 bps 2.23% 2.31% 2.56% -8 bps -33 bps Securities Yield 2.38% 2.62% -24 bps 0.31% 0.39% 1.11% -8 bps -80 bps Cost of IB Deposits 0.57% 1.25% -68 bps 79% 82% 89% -361 bps -1045 bps Loan/Deposit Ratio (Period End) 79% 89% -1045 bps CHANCOCK WHITNEY 26

24 Results *Non-GAAP measures. See slide 26 for non-GAAP reconciliation Results *Non-GAAP measures. See slides 29-31 for non-GAAP reconciliations   4Q19 1Q20 2Q20 3Q20 4Q20 Operating PPNR (TE)* ($000) 125,660 115,688 118,518 126,346 130,607 Net Interest Income (TE)* ($000) 236,736 234,636 241,114 238,372 241,401 Net Interest Margin (TE)* 3.43% 3.41% 3.23% 3.23% 3.22% Noninterest Income ($000) 82,924 84,387 73,943 83,748 82,350 Operating Expense* ($000) 194,000 203,335 196,539 195,774 193,144 Efficiency Ratio* 58.88% 62.06% 60.74% 59.29% 58.23% CHANCOCK WHITNEY 27

25 Balance Sheet Summary Balance Sheet Summary   4Q19 1Q20 2Q20 3Q20 4Q20 Average Loans ($MM) 21,038 21,234 22,957 22,408 22,066 Average Total Securities ($MM) 6,202 6,149 6,130 6,389 6,921 Average Deposits ($MM) 23,848 24,327 26,703 26,764 27,040 Loan Yield (TE) 4.69% 4.56% 4.04% 3.95% 3.99% Cost of Interest Bearing Deposits 1.11% 1.01% 0.58% 0.39% 0.31% Tangible Common Equity Ratio 8.45% 8.00% 7.33% 7.53% 7.64% CHANCOCK WHITNEY 28

26 Total Revenue (TE), Operating PPNR (TE) Reconciliations Total Revenue (TE), Operating PPNR (TE) Reconciliations Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.   Three Months Ended (in thousands) 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 Net interest income $238,286 $235,183 $237,866 $231,188 $233,156 Noninterest income 82,350 83,748 73,943 84,387 82,924 Total revenue $320,636 $318,931 $311,809 $315,575 $316,080 Taxable equivalent adjustment 3,115 3,189 3,248 3,448 3,580 Total revenue (TE) $323,751 $322,120 $315,057 $319,023 $319,660 Noninterest expense (193,144) (195,774) (196,539) (203,335) (197,856) Nonoperating expense — — — — 3,856 Operating pre-provision net revenue $130,607 $126,346 $118,518 $115,688 $125,660 CHANCOCK WHITNEY 31 Taxable equivalent (TE) amounts are calculated using a federal tax rate of 21% Nonoperating Items

Commercial Loans (C&I, CRE, C&D)* 27 *Excludes $1.4 billion in net PPP loans As of June 30, 2021 HNCOCK WHITNEY 10

28 * Excludes PPP loans ** Structured solutions total $385 million company-wide, with $17 million criticized, and $54 million pass-watch As of June 30, 2021 Sectors Under Focus* East (MS, AL, FL, TN); Central (Greater N.O., SELA); West (SWLA, TX) HNCOCK WHITNEY 11

29 Current Hedge Positions Cash Flow (CF) Hedges Current net receive % on notional CF hedges is about 1.81% on $1.5 billion or approximately $28 million annualized Total Termination Value is approximately $40.5 million as of 6/30/2021 Termination locks in current economic value but removes protection of the hedge, therefore increasing asset sensitivity Fair Value (FV) Hedges $1.8 billion in securities are hedged with $1.6 billion of FV Hedges Duration (Market Price Risk) reduced from approximately 7.5 to 3.7 on hedged securities Current Termination Value of FV Hedges is approximately $17 million at 6/30/2021 When terminated at a gain, the value of each hedge reduces the book value of the underlying security, thereby increasing its current book yield The impact of early termination at current rates and +100bps is reflected below:

Second Quarter 2021 Earnings Conference Call 7/20/2021 HANCOCK WHITNEY