Equibles

8-K

HANCOCK WHITNEY CORP (HWC)

8-K 2025-01-21 For: 2025-01-21
View Original
Added on April 07, 2026

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): January 21, 2025

________________

HANCOCK WHITNEY CORPORATION
(Exact Name of Registrant as Specified in Charter)________________
Mississippi 64-0693170
(State or Other Jurisdictionof Incorporation) (IRS Employer<br><br>Identification No.)
Hancock Whitney Plaza2510 14th StreetGulfport, Mississippi(Address of Principal Executive Offices) 39501<br><br>(Zip Code)
Registrant’s telephone number, including area code: (228) 868-4000
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassCOMMON STOCK, 3.33 PAR VALUE6.25% SUBORDINATED NOTES Trading Symbol<br><br>HWC<br><br>HWCPZ Name of Exchange on Which Registered<br><br>The NASDAQ Stock Market, LLC<br><br>The NASDAQ Stock Market, LLC
__________________

All values are in US Dollars.

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 2.02 Results of Operations and Financial Condition.

On January 21, 2025, Hancock Whitney Corporation (the “Company”) announced financial results for its fourth quarter ended December 31, 2024. 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 7.01 Regulation FD Disclosure.

On January 21, 2025 at 3:30 p.m. (Central Time), the Company intends to hold an investor call and webcast to discuss financial results for the fourth quarter ended December 31, 2024, 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 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit<br><br>Number Description
99.1 Press Release dated January 21, 2025 for Quarter Ended December 31, 2024.
99.2 Presentation Slides dated January 21, 2025 (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
January 21, 2025 By: /s/ Michael M. Achary
Michael M. Achary
Chief Financial Officer

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE<br><br>January 21, 2025

For more information

Kathryn Shrout Mistich, VP, Investor Relations Manager

504.539.7836 or kathryn.mistich@hancockwhitney.com

Hancock Whitney reports fourth quarter 2024 EPS of $1.40

GULFPORT, Miss. (January 21, 2025) — Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the fourth quarter of 2024. Net income for the fourth quarter of 2024 totaled $122.1 million, or $1.40 per diluted common share (EPS), compared to $115.6 million, or $1.33 per diluted common share, in the third quarter of 2024. The company reported net income for the fourth quarter of 2023 of $50.6 million, or $0.58 per diluted common share. The fourth quarter of 2023 included $75.4 million, or $0.68 per diluted share after-tax, of supplemental disclosure items. Excluding the impact of these supplemental disclosure items, EPS would have been $1.26 per diluted share in the fourth quarter of 2023. There were no supplemental disclosure items in the third or fourth quarters of 2024.

Fourth Quarter 2024 Highlights

  • Net income totaled $122.1 million, compared to $115.6 million in the prior quarter
  • Pre-provision net revenue (PPNR) totaled $165.2 million, compared to $166.5 million in the prior quarter
  • Loans decreased $156.1 million, or 3% linked quarter annualized (LQA)
  • Deposits increased $509.9 million, or 7% LQA
  • Criticized commercial loans and nonaccrual loans continued to normalize
  • ACL coverage solid at 1.47%, up 1 bp compared to the prior quarter
  • NIM 3.41%, up 2 bps compared to the prior quarter
  • CET1 ratio estimated at 14.14%, up 36 bps linked-quarter; TCE ratio of 9.47%, down 9 bps linked-quarter; total risk-based capital ratio estimated at nearly 16%
  • Efficiency ratio of 54.46%, up 4 bps linked-quarter

“The fourth quarter 2024 results reflect a strong conclusion to our year-long 125thanniversary celebration,” said John M. Hairston, President & CEO. “Our team delivered an impressive ROA of 1.40%, additional NIM expansion, and an efficiency ratio of 54.46%. Credit metrics continued to normalize, and we’ve maintained a solid ACL to loans of 1.47%. Our regulatory capital ratios continued to climb, with total risk-based capital reaching nearly 16%. We believe we are well-positioned as we enter 2025, and we are excited for the opportunities that lie ahead, including the announcement earlier today of the acquisition of Sabal Trust Company and the expansion of our outstanding team of revenue

generators and financial center locations. I would like to thank our 3,500 associates, who worked tirelessly to deliver a 125th year we can all be proud of.”

Loans

Total loans were $23.3 billion at December 31, 2024, down $156.1 million, or 1%, from September 30, 2024. Loan contraction was driven by an increase in payoffs of commercial real estate credits, partially offset by seasonal increase in line utilization and higher activity in commercial non-real estate loans.

Average loans totaled $23.2 billion for the fourth quarter of 2024, down $303.5 million, or 1%, linked-quarter. Management expects 2025 period-end loan balances to be up mid-single digits from year-end 2024.

Deposits

Total deposits at December 31, 2024 were $29.5 billion, up $509.9 million, or 2%, from September 30, 2024. The linked-quarter increase in deposits was primarily due to an increase in interest-bearing public funds driven by seasonal inflows, an increase in interest-bearing transactions and savings due to seasonality and competitive products and pricing, and an increase in noninterest-bearing deposits. These increases were partially offset by a decrease in retail time deposits driven by maturity concentration repricing at lower rates and promotional rate reductions during the fourth quarter of 2024 and a decrease in brokered deposits, which matured during the fourth quarter of 2024.

DDAs totaled $10.6 billion at December 31, 2024, up $98.0 million, or 1%, from September 30, 2024 and comprised 36% of total period-end deposits. Interest-bearing transaction and savings deposits totaled $11.3 billion at the end of the fourth quarter of 2024, up $413.1 million, or 4%, linked-quarter. Compared to September 30, 2024, retail time deposits of $4.4 billion were down $326.0 million, or 7%, and brokered deposits were $6.9 million, down $183.6 million, compared to the prior quarter. Interest-bearing public fund deposits increased $508.4 million, or 19%, linked-quarter, totaling $3.2 billion at December 31, 2024.

Average deposits for the fourth quarter of 2024 were $29.1 billion, up $168.2 million, or 1%, linked-quarter. Management expects 2025 period-end deposit levels to be up low-single digits from year-end 2024.

Asset Quality

The total allowance for credit losses (ACL) was $342.9 million at December 31, 2024, up $0.2 million, or less than 1%, from September 30, 2024. During the fourth quarter of 2024, the company recorded a provision for credit losses of $11.9 million, compared to a provision for credit losses of $18.6 million in the third quarter of 2024. There were $11.7 million of net charge-offs in the fourth quarter of 2024, or 0.20% of average total loans on an annualized basis, compared to net charge-offs of $18.0 million, or 0.30% of average total loans in the third quarter of 2024. The ratio of ACL to period-end loans was 1.47% at December 31, 2024, compared to 1.46% at September 30, 2024.

Criticized commercial loans totaled $623.0 million, or 3.47% of total commercial loans, at December 31, 2024, compared to $508.0 million, or 2.81% of total commercial loans at September 30, 2024. Nonaccrual loans totaled $97.3 million, or 0.42% of total loans, at December 31, 2024, compared to $82.9 million, or 0.35% of total loans, at September 30, 2024. ORE and foreclosed assets were $27.8 million at December 31, 2024, virtually flat compared to September 30, 2024.

Net Interest Income and Net Interest Margin (NIM)

Net interest income (TE) for the fourth quarter of 2024 was $276.3 million, an increase of $1.8 million, or 1%, from the third quarter of 2024. The net interest margin (NIM) (TE) was 3.41% in the fourth quarter of 2024, up 2 bps linked-quarter. Lower rates on deposits (+16 bps), higher securities yields (+1 bp) and a favorable borrowing mix (+5 bps), led to a 22 basis point improvement in NIM, partially offset lower loan yields (-20 bps).

Average earning assets were $32.3 billion for the fourth quarter of 2024, flat, from the third quarter of 2024.

Noninterest Income

Noninterest income totaled $91.2 million for the fourth quarter of 2024, down $4.7 million, or 5%, from the third quarter of 2024.

Service charges on deposits were up $0.3 million, or 1%, from the third quarter of 2024. Bank card and ATM fees were down $0.2 million, or 1%, from the third quarter of 2024.

Investment and annuity income and insurance fees were flat linked-quarter. Trust fees were up $0.2 million, or 1% linked-quarter. Fees from secondary mortgage operations totaled $2.6 million for the fourth quarter of 2024, down $0.8 million, or 24%, linked-quarter, due to lower activity.

Other noninterest income was $14.7 million in the fourth quarter of 2024, down $4.1 million, or 22%, from the third quarter of 2024, primarily due to lower derivative income and lower SBA loan income.

Noninterest Expense & Taxes

Noninterest expense totaled $202.3 million, down $1.5 million, or 1% linked-quarter.

Personnel expense totaled $113.7 million in the fourth quarter of 2024, down $2.0 million, or 2%, linked-quarter, due to lower incentives and retirement benefit expenses. Net occupancy and equipment expense totaled $17.9 million in the fourth quarter of 2024, down $0.3 million, or 1%, from the third quarter of 2024. Amortization of intangibles totaled $2.2 million for the fourth quarter of 2024, down $0.1 million, or 4%, linked-quarter.

Net gains on ORE and other foreclosed assets totaled $0.8 million in the fourth quarter of 2024, compared to a net gain of $0.4 million in the third quarter of 2024.

Other expense totaled $69.3 million in the fourth quarter of 2024, up $1.2 million or 2%, linked-quarter, due to higher professional services and other miscellaneous expenses.

The effective income tax rate for the fourth quarter of 2024 was 18.9%.

Capital

Common stockholders’ equity at December 31, 2024 totaled $4.1 billion, down $47 million, or 1%, from September 30, 2024. The tangible common equity (TCE) ratio was 9.47%, down 9 bps linked-quarter. The company’s CET1 ratio is estimated to 14.14% at December 31, 2024, up 36 bps linked-quarter. Total risk-based capital ratio is estimated to be 15.93% at December 31, 2024, up 37 bps

linked-quarter. During the fourth quarter of 2024, the company repurchased 150,000 shares of its common stock at an average price of $52.50 per share. This stock repurchase is pursuant to the company’s share buyback program (which authorized the repurchase of up to 4,297,000 shares of the company’s outstanding common stock), which expired on December 31, 2024. The company repurchased 762,993 shares under this buyback program. The company’s share buyback authorization was renewed by the Board of Directors effective January 1, 2025; under this new authorization, the company may, from time to time, purchase up to 5% of the shares of company common stock outstanding as of December 31, 2024. For more information, please refer to the press release and related Form 8-K dated December 12, 2024 on the company’s investor relations website.

Conference Call and Slide Presentation

Management will host a conference call for analysts and investors at 3:30 p.m. Central Time on Tuesday, January 21, 2025 to review fourth quarter of 2024 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 fourth quarter results are also posted as part of the webcast link. To participate in the Q&A portion of the call, dial 800-715-9871 or 646-307-1963, access code 6506941.

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 January 28, 2025 by dialing 800-770-2030 or 609-800-9909, access code 6506941.

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; and mortgage services. The company also operates combined loan and deposit production offices in the greater metropolitan areas of Nashville, Tennessee and Atlanta, Georgia. 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. The company highlights certain items that are outside of our principal business and/or are not indicative of forward-looking trends in supplemental disclosures items below our GAAP financial data and presents certain “Adjusted” ratios that exclude these disclosed items. These adjusted ratios provide management or the reader with a measure that may be more indicative of forward-looking trends in our business, as well as demonstrates the effects of significant gains or losses and changes.

We define Adjusted Pre-Provision Net Revenue as net income excluding provision expense and income tax expense, plus the taxable equivalent adjustment (as defined above), less supplemental disclosure items (as defined above). Management believes that adjusted pre-provision net revenue is a useful financial measure because it enables investors and others to assess the company’s ability to generate capital to cover credit losses through a credit cycle. We define Adjusted Revenue as net interest income (te) and noninterest income less supplemental disclosure items. We define Adjusted Noninterest Expense as noninterest expense less supplemental disclosure items. We define our Efficiency Ratio as noninterest expense to total net interest income (te) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items, if applicable. Management believes adjusted revenue, adjusted noninterest expense and the efficiency ratio are useful measures as they provide a greater understanding of ongoing operations and enhance comparability with prior periods.

Important Cautionary Statement about Forward-Looking Statements

This 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, capital levels, deposits (including growth, pricing, and betas), investment portfolio, other sources of liquidity, loan growth expectations, management’s predictions about charge-offs for loans, general economic business conditions in our local markets, Federal Reserve action with respect to interest rates, the effects of war or other conflicts, acts of terrorism, climate change, the impact of natural or man-made disasters, the adequacy of our enterprise risk management framework, potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings, assessments, and enforcement actions, as well as the impact of negative developments affecting the banking industry and the resulting media coverage; the potential impact of current (including Sabal Trust Company) or future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, success of revenue-generating and cost reduction 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 and non-financial reporting, the financial impact of regulatory requirements and tax reform legislation, deposit trends, credit quality trends, the impact of current and future economic conditions, including the effects of declines in the real estate market, high unemployment, inflationary pressures, tariffs or trade wars, increasing insurance costs, elevated interest rates, including the impact of changes in interest rates on our financial projections, models and guidance and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing, net interest margin trends,

future expense levels, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts 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.

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, 2023, and in other periodic reports that we file with the SEC.

HANCOCK WHITNEY CORPORATION
FINANCIAL HIGHLIGHTS
(Unaudited)
Three Months Ended Twelve Months Ended
(dollars and common share data in thousands, except per share amounts) 12/31/2024 9/30/2024 12/31/2023 12/31/2024 12/31/2023
NET INCOME
Net interest income $ 273,556 $ 271,764 $ 269,460 $ 1,081,921 $ 1,097,599
Net interest income (TE) (a) 276,291 274,457 272,294 1,093,007 1,108,706
Provision for credit losses 11,912 18,564 16,952 52,167 59,103
Noninterest income 91,209 95,895 38,951 364,129 288,480
Noninterest expense 202,333 203,839 229,151 819,910 836,848
Income tax expense 28,446 29,684 11,705 113,158 97,526
Net income $ 122,074 $ 115,572 $ 50,603 $ 460,815 $ 392,602
Supplemental disclosure items - included above, pre-tax
Included in noninterest income
Gain on sale of parking facility $ — $ — $ 16,126 $ — $ 16,126
Loss on securities portfolio restructure — — (65,380 ) — (65,380 )
Included in noninterest expense
FDIC special assessment — — 26,123 3,800 26,123
PERIOD-END BALANCE SHEET DATA
Loans $ 23,299,447 $ 23,455,587 $ 23,921,917 $ 23,299,447 $ 23,921,917
Securities 7,597,154 7,769,780 7,599,974 7,597,154 7,599,974
Earning assets 31,857,841 32,045,222 32,175,097 31,857,841 32,175,097
Total assets 35,081,785 35,238,107 35,578,573 35,081,785 35,578,573
Noninterest-bearing deposits 10,597,461 10,499,476 11,030,515 10,597,461 11,030,515
Total deposits 29,492,851 28,982,905 29,690,059 29,492,851 29,690,059
Common stockholders' equity 4,127,636 4,174,687 3,803,661 4,127,636 3,803,661
AVERAGE BALANCE SHEET DATA
Loans $ 23,248,512 $ 23,552,002 $ 23,795,681 $ 23,630,743 $ 23,594,579
Securities (b) 8,257,061 8,218,896 8,579,444 8,221,973 8,901,626
Earning assets 32,333,012 32,263,748 33,128,130 32,422,554 33,160,791
Total assets 34,770,663 34,780,386 35,538,300 34,912,199 35,633,442
Noninterest-bearing deposits 10,409,022 10,359,390 11,132,354 10,491,504 11,919,234
Total deposits 29,108,381 28,940,163 29,974,941 29,168,855 29,478,481
Common stockholders' equity 4,138,326 4,021,211 3,560,978 3,951,871 3,528,911
COMMON SHARE DATA
Earnings per share - diluted $ 1.40 $ 1.33 $ 0.58 $ 5.28 $ 4.50
Cash dividends per share 0.40 0.40 0.30 1.50 1.20
Book value per share (period-end) 47.93 48.47 44.05 47.93 44.05
Tangible book value per share (period-end) 37.58 38.10 33.63 37.58 33.63
Weighted average number of shares - diluted 86,602 86,560 86,604 86,648 86,423
Period-end number of shares 86,124 86,136 86,345 86,124 86,345
Market data
High sales price $ 62.40 $ 57.78 $ 49.65 $ 62.40 $ 54.38
Low sales price 48.36 45.26 32.16 41.19 31.02
Period-end closing price 54.72 51.17 48.59 54.72 48.59
Trading volume 32,670 35,017 38,574 127,503 150,965
PERFORMANCE RATIOS
Return on average assets 1.40 % 1.32 % 0.56 % 1.32 % 1.10 %
Return on average common equity 11.74 % 11.43 % 5.64 % 11.66 % 11.13 %
Return on average tangible common equity 14.96 % 14.70 % 7.55 % 15.08 % 14.97 %
Tangible common equity ratio (c) 9.47 % 9.56 % 8.37 % 9.47 % 8.37 %
Net interest margin (TE) 3.41 % 3.39 % 3.27 % 3.37 % 3.34 %
Noninterest income as a percentage of total revenue (TE) 24.82 % 25.89 % 12.51 % 24.99 % 20.65 %
Efficiency ratio (d) 54.46 % 54.42 % 55.58 % 55.36 % 55.25 %
Average loan/deposit ratio 79.87 % 81.38 % 79.39 % 81.01 % 80.04 %
Allowance for loan losses as a percentage of period-end loans 1.37 % 1.35 % 1.29 % 1.37 % 1.29 %
Allowance for credit losses as a percentage of period-end loans (e) 1.47 % 1.46 % 1.41 % 1.47 % 1.41 %
Annualized net charge-offs to average loans 0.20 % 0.30 % 0.27 % 0.19 % 0.27 %
Allowance for loan losses as a % of nonaccrual loans 327.61 % 382.87 % 521.56 % 327.61 % 521.56 %
FTE headcount 3,476 3,458 3,591 3,476 3,591
(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 supplemental disclosure items noted above.
(e) The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.
HANCOCK WHITNEY CORPORATION
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QUARTERLY FINANCIAL HIGHLIGHTS
(Unaudited)
Three Months Ended
(dollars and common share data in thousands, except per share amounts) 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023
NET INCOME
Net interest income $ 273,556 $ 271,764 $ 270,430 $ 266,171 $ 269,460
Net interest income (TE) (a) 276,291 274,457 273,258 269,001 272,294
Provision for credit losses 11,912 18,564 8,723 12,968 16,952
Noninterest income 91,209 95,895 89,174 87,851 38,951
Noninterest expense 202,333 203,839 206,016 207,722 229,151
Income tax expense 28,446 29,684 30,308 24,720 11,705
Net income $ 122,074 $ 115,572 $ 114,557 $ 108,612 $ 50,603
Supplemental disclosure items - included above, pre-tax
Included in noninterest income
Gain on sale of parking facility $ — $ — $ — $ — $ 16,126
Loss on securities portfolio restructure — — — — (65,380 )
Included in noninterest expense
FDIC special assessment — — — 3,800 26,123
PERIOD-END BALANCE SHEET DATA
Loans $ 23,299,447 $ 23,455,587 $ 23,911,616 $ 23,970,938 $ 23,921,917
Securities 7,597,154 7,769,780 7,535,836 7,559,182 7,599,974
Earning assets 31,857,841 32,045,222 32,056,415 31,985,610 32,175,097
Total assets 35,081,785 35,238,107 35,412,291 35,247,119 35,578,573
Noninterest-bearing deposits 10,597,461 10,499,476 10,642,213 10,802,127 11,030,515
Total deposits 29,492,851 28,982,905 29,200,718 29,775,906 29,690,059
Common stockholders' equity 4,127,636 4,174,687 3,920,718 3,853,436 3,803,661
AVERAGE BALANCE SHEET DATA
Loans $ 23,248,512 $ 23,552,002 $ 23,917,361 $ 23,810,163 $ 23,795,681
Securities (b) 8,257,061 8,218,896 8,214,172 8,197,410 8,579,444
Earning assets 32,333,012 32,263,748 32,539,363 32,556,821 33,128,130
Total assets 34,770,663 34,780,386 34,998,880 35,101,869 35,538,300
Noninterest-bearing deposits 10,409,022 10,359,390 10,526,903 10,673,060 11,132,354
Total deposits 29,108,381 28,940,163 29,069,097 29,560,956 29,974,941
Common stockholders' equity 4,138,326 4,021,211 3,826,296 3,818,840 3,560,978
COMMON SHARE DATA
Earnings per share - diluted $ 1.40 $ 1.33 $ 1.31 $ 1.24 $ 0.58
Cash dividends per share 0.40 0.40 0.40 0.30 0.30
Book value per share (period-end) 47.93 48.47 45.40 44.49 44.05
Tangible book value per share (period-end) 37.58 38.10 35.04 34.12 33.63
Weighted average number of shares - diluted 86,602 86,560 86,765 86,726 86,604
Period-end number of shares 86,124 86,136 86,355 86,622 86,345
Market data
High sales price $ 62.40 $ 57.78 $ 49.11 $ 49.10 $ 49.65
Low sales price 48.36 45.26 41.56 41.19 32.16
Period-end closing price 54.72 51.17 47.83 46.04 48.59
Trading volume 32,670 35,017 29,308 30,508 38,574
PERFORMANCE RATIOS
Return on average assets 1.40 % 1.32 % 1.32 % 1.24 % 0.56 %
Return on average common equity 11.74 % 11.43 % 12.04 % 11.44 % 5.64 %
Return on average tangible common equity 14.96 % 14.70 % 15.73 % 14.96 % 7.55 %
Tangible common equity ratio (c) 9.47 % 9.56 % 8.77 % 8.61 % 8.37 %
Net interest margin (TE) 3.41 % 3.39 % 3.37 % 3.32 % 3.27 %
Noninterest income as a percentage of total revenue (TE) 24.82 % 25.89 % 24.60 % 24.62 % 12.51 %
Efficiency ratio (d) 54.46 % 54.42 % 56.18 % 56.44 % 55.58 %
Average loan/deposit ratio 79.87 % 81.38 % 82.28 % 80.55 % 79.39 %
Allowance for loan losses as a percentage of period-end loans 1.37 % 1.35 % 1.32 % 1.31 % 1.29 %
Allowance for credit losses as a percentage of period-end loans (e) 1.47 % 1.46 % 1.43 % 1.42 % 1.41 %
Annualized net charge-offs to average loans 0.20 % 0.30 % 0.12 % 0.15 % 0.27 %
Allowance for loan losses as a % of nonaccrual loans 327.61 % 382.87 % 366.54 % 382.21 % 521.56 %
FTE headcount 3,476 3,458 3,541 3,564 3,591
(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 supplemental disclosures noted above.
(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 Twelve Months Ended
(dollars in thousands, except per share data) 12/31/2024 9/30/2024 12/31/2023 12/31/2024 12/31/2023
NET INCOME
Interest income $ 414,286 $ 429,476 $ 426,794 $ 1,692,991 $ 1,620,497
Interest income (TE) (f) 417,021 432,169 429,628 1,704,077 1,631,604
Interest expense 140,730 157,712 157,334 611,070 522,898
Net interest income (TE) 276,291 274,457 272,294 1,093,007 1,108,706
Provision for credit losses 11,912 18,564 16,952 52,167 59,103
Noninterest income 91,209 95,895 38,951 364,129 288,480
Noninterest expense 202,333 203,839 229,151 819,910 836,848
Income before income taxes 150,520 145,256 62,308 573,973 490,128
Income tax expense 28,446 29,684 11,705 113,158 97,526
Net income $ 122,074 $ 115,572 $ 50,603 $ 460,815 $ 392,602
Supplemental disclosure items - included above, pre-tax
Included in noninterest income
Gain on sale of parking facility $ — $ — $ 16,126 $ — $ 16,126
Loss on securities portfolio restructure — — (65,380 ) — (65,380 )
Included in noninterest expense
FDIC special assessment — — 26,123 3,800 26,123
NONINTEREST INCOME
Service charges on deposit accounts $ 23,447 $ 23,144 $ 21,643 $ 91,105 $ 86,020
Trust fees 18,170 18,014 16,845 71,734 67,565
Bank card and ATM fees 21,403 21,639 20,708 85,491 82,966
Investment and annuity fees and insurance commissions 10,901 10,890 11,086 43,424 36,714
Secondary mortgage market operations 2,558 3,379 2,083 12,374 9,159
Securities transactions, net — — (65,380 ) — (65,380 )
Other income 14,730 18,829 31,966 60,001 71,436
Total noninterest income $ 91,209 $ 95,895 $ 38,951 $ 364,129 $ 288,480
NONINTEREST EXPENSE
Personnel expense $ 113,723 $ 115,771 $ 114,342 $ 469,377 $ 460,795
Net occupancy and equipment expense 17,862 18,127 17,523 71,082 70,425
Other real estate and foreclosed assets (income) expense, net (763 ) (411 ) (471 ) (2,469 ) (624 )
Other expense 69,305 68,060 95,085 272,507 294,696
Amortization of intangibles 2,206 2,292 2,672 9,413 11,556
Total noninterest expense $ 202,333 $ 203,839 $ 229,151 $ 819,910 $ 836,848
COMMON SHARE DATA
Earnings per share:
Basic $ 1.41 $ 1.33 $ 0.58 $ 5.30 $ 4.51
Diluted 1.40 1.33 0.58 5.28 4.50
(f) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
HANCOCK WHITNEY CORPORATION
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
INCOME STATEMENT
(Unaudited)
Three Months Ended
(in thousands, except per share data) 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023
NET INCOME
Interest income $ 414,286 $ 429,476 $ 427,545 $ 421,684 $ 426,794
Interest income (TE) (f) 417,021 432,169 430,373 424,514 429,628
Interest expense 140,730 157,712 157,115 155,513 157,334
Net interest income (TE) 276,291 274,457 273,258 269,001 272,294
Provision for credit losses 11,912 18,564 8,723 12,968 16,952
Noninterest income 91,209 95,895 89,174 87,851 38,951
Noninterest expense 202,333 203,839 206,016 207,722 229,151
Income before income taxes 150,520 145,256 144,865 133,332 62,308
Income tax expense 28,446 29,684 30,308 24,720 11,705
Net income $ 122,074 $ 115,572 $ 114,557 $ 108,612 $ 50,603
Supplemental disclosure items - included above, pre-tax
Included in noninterest income
Gain on sale of parking facility $ — $ — $ — $ — $ 16,126
Loss on securities portfolio restructure — — — — (65,380 )
Included in noninterest expense
FDIC special assessment — — — 3,800 26,123
NONINTEREST INCOME
Service charges on deposit accounts $ 23,447 $ 23,144 $ 22,275 $ 22,239 $ 21,643
Trust fees 18,170 18,014 18,473 17,077 16,845
Bank card and ATM fees 21,403 21,639 21,827 20,622 20,708
Investment and annuity fees and insurance commissions 10,901 10,890 9,789 11,844 11,086
Secondary mortgage market operations 2,558 3,379 3,546 2,891 2,083
Securities transactions, net — — — — (65,380 )
Other income 14,730 18,829 13,264 13,178 31,966
Total noninterest income $ 91,209 $ 95,895 $ 89,174 $ 87,851 $ 38,951
NONINTEREST EXPENSE
Personnel expense $ 113,723 $ 115,771 $ 118,726 $ 121,157 $ 114,342
Net occupancy and equipment expense 17,862 18,127 17,470 17,623 17,523
Other real estate and foreclosed assets (income) expense, net (763 ) (411 ) (1,099 ) (196 ) (471 )
Other expense 69,305 68,060 68,530 66,612 95,085
Amortization of intangibles 2,206 2,292 2,389 2,526 2,672
Total noninterest expense $ 202,333 $ 203,839 $ 206,016 $ 207,722 $ 229,151
COMMON SHARE DATA
Earnings per share:
Basic $ 1.41 $ 1.33 $ 1.31 $ 1.25 $ 0.58
Diluted 1.40 1.33 1.31 1.24 0.58
(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) 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023
ASSETS
Commercial non-real estate loans $ 9,876,592 $ 9,588,309 $ 9,847,759 $ 9,926,333 $ 9,957,284
Commercial real estate - owner occupied loans 3,011,955 3,096,173 3,094,258 3,080,192 3,093,763
Total commercial and industrial loans 12,888,547 12,684,482 12,942,017 13,006,525 13,051,047
Commercial real estate - income producing loans 3,798,612 3,988,661 4,053,812 4,042,797 3,986,943
Construction and land development loans 1,281,115 1,423,615 1,528,393 1,541,773 1,551,091
Residential mortgage loans 3,961,328 3,988,309 4,000,211 3,983,321 3,886,072
Consumer loans 1,369,845 1,370,520 1,387,183 1,396,522 1,446,764
Total loans 23,299,447 23,455,587 23,911,616 23,970,938 23,921,917
Loans held for sale 21,525 24,624 27,354 16,470 26,124
Securities 7,597,154 7,769,780 7,535,836 7,559,182 7,599,974
Short-term investments 939,715 795,231 581,609 439,020 627,082
Earning assets 31,857,841 32,045,222 32,056,415 31,985,610 32,175,097
Allowance for loan losses (318,882 ) (317,271 ) (316,148 ) (313,726 ) (307,907 )
Goodwill and other intangible assets 890,677 892,883 895,175 897,564 900,090
Other assets 2,652,149 2,617,273 2,776,849 2,677,671 2,811,293
Total assets $ 35,081,785 $ 35,238,107 $ 35,412,291 $ 35,247,119 $ 35,578,573
LIABILITIES
Noninterest-bearing deposits $ 10,597,461 $ 10,499,476 $ 10,642,213 $ 10,802,127 $ 11,030,515
Interest-bearing transaction and savings deposits 11,308,645 10,895,521 10,813,648 10,954,231 10,659,970
Interest-bearing public fund deposits 3,212,500 2,704,106 2,921,724 3,066,270 3,143,015
Time deposits 4,374,245 4,883,802 4,823,133 4,953,278 4,856,559
Total interest-bearing deposits 18,895,390 18,483,429 18,558,505 18,973,779 18,659,544
Total deposits 29,492,851 28,982,905 29,200,718 29,775,906 29,690,059
Short-term borrowings 639,015 1,265,944 1,363,959 667,760 1,154,829
Long-term debt 210,544 236,431 236,393 236,355 236,317
Other liabilities 611,739 578,140 690,503 713,662 693,707
Total liabilities 30,954,149 31,063,420 31,491,573 31,393,683 31,774,912
COMMON STOCKHOLDERS' EQUITY
Common stock net of treasury and capital surplus 2,029,122 2,032,599 2,041,597 2,049,215 2,049,184
Retained earnings 2,704,606 2,617,584 2,537,057 2,457,736 2,375,604
Accumulated other comprehensive (loss) (606,092 ) (475,496 ) (657,936 ) (653,515 ) (621,127 )
Total common stockholders' equity 4,127,636 4,174,687 3,920,718 3,853,436 3,803,661
Total liabilities & stockholders' equity $ 35,081,785 $ 35,238,107 $ 35,412,291 $ 35,247,119 $ 35,578,573
CAPITAL RATIOS
Tangible common equity $ 3,236,959 $ 3,281,804 $ 3,025,543 $ 2,955,872 $ 2,903,571
Tier 1 capital (g) 3,886,616 3,800,864 3,726,751 3,652,180 3,584,474
Common equity as a percentage of total assets 11.77 % 11.85 % 11.07 % 10.93 % 10.69 %
Tangible common equity ratio 9.47 % 9.56 % 8.77 % 8.61 % 8.37 %
Leverage (Tier 1) ratio (g) 11.29 % 11.03 % 10.71 % 10.49 % 10.10 %
Common equity tier 1 (CET1) ratio (g) 14.14 % 13.78 % 13.25 % 12.65 % 12.33 %
Tier 1 risk-based capital ratio (g) 14.14 % 13.78 % 13.25 % 12.65 % 12.33 %
Total risk-based capital ratio (g) 15.93 % 15.56 % 15.00 % 14.34 % 13.93 %
(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
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AVERAGE BALANCE SHEET
(Unaudited)
Three Months Ended Twelve Months Ended
(in thousands) 12/31/2024 9/30/2024 12/31/2023 12/31/2024 12/31/2023
ASSETS
Commercial non-real estate loans $ 9,545,824 $ 9,631,318 $ 9,880,704 $ 9,704,956 $ 9,958,680
Commercial real estate - owner occupied loans 3,085,830 3,092,836 3,087,301 3,086,094 3,073,050
Total commercial and industrial loans 12,631,654 12,724,154 12,968,005 12,791,050 13,031,730
Commercial real estate - income producing loans 3,966,010 4,028,195 3,965,280 4,018,355 3,809,437
Construction and land development loans 1,318,306 1,427,592 1,615,599 1,454,271 1,715,008
Residential mortgage loans 3,967,895 3,996,986 3,803,702 3,982,122 3,541,245
Consumer loans 1,364,647 1,375,075 1,443,095 1,384,945 1,497,159
Total loans 23,248,512 23,552,002 23,795,681 23,630,743 23,594,579
Loans held for sale 21,082 26,565 12,347 22,027 25,972
Securities (h) 8,257,061 8,218,896 8,579,444 8,221,973 8,901,626
Short-term investments 806,357 466,285 740,658 547,811 638,614
Earning assets 32,333,012 32,263,748 33,128,130 32,422,554 33,160,791
Allowance for loan losses (317,256 ) (317,969 ) (307,434 ) (315,738 ) (310,910 )
Goodwill and other intangible assets 891,741 893,997 901,377 895,200 905,610
Other assets 1,863,166 1,940,610 1,816,227 1,910,183 1,877,951
Total assets $ 34,770,663 $ 34,780,386 $ 35,538,300 $ 34,912,199 $ 35,633,442
LIABILITIES AND COMMON STOCKHOLDERS' EQUITY
Noninterest-bearing deposits $ 10,409,022 $ 10,359,390 $ 11,132,354 $ 10,491,504 $ 11,919,234
Interest-bearing transaction and savings deposits 11,127,229 10,905,268 10,681,936 10,891,784 10,598,553
Interest-bearing public fund deposits 2,899,788 2,770,592 2,896,317 2,938,699 2,971,603
Time deposits 4,672,342 4,904,913 5,264,334 4,846,868 3,989,091
Total interest-bearing deposits 18,699,359 18,580,773 18,842,587 18,677,351 17,559,247
Total deposits 29,108,381 28,940,163 29,974,941 29,168,855 29,478,481
Short-term borrowings 672,252 972,148 993,810 891,440 1,693,433
Long-term debt 227,714 236,412 236,298 234,197 239,141
Other liabilities 623,990 610,452 772,273 665,836 693,476
Common stockholders' equity 4,138,326 4,021,211 3,560,978 3,951,871 3,528,911
Total liabilities & stockholders' equity $ 34,770,663 $ 34,780,386 $ 35,538,300 $ 34,912,199 $ 35,633,442
(h) Average securities does not include unrealized holding gains/losses on available for sale securities.
HANCOCK WHITNEY CORPORATION
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AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY
(Unaudited)
9/30/2024 12/31/2023
(dollars in millions) Interest Rate Average<br>  Balance Interest Rate Average<br> Balance Interest Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i) 17,916.0 $ 283.4 6.29 % $ 18,179.9 $ 298.5 6.53 % $ 18,548.9 $ 297.6 6.37 %
Residential mortgage loans 3,967.9 38.3 3.86 % 3,997.0 39.9 3.99 % 3,803.7 35.2 3.70 %
Consumer loans 1,364.6 29.1 8.47 % 1,375.1 30.6 8.85 % 1,443.1 31.9 8.79 %
Loan fees & late charges — 0.6 0.00 % — 1.9 0.00 % — 1.4 0.00 %
Total loans (TE) (j) (k) 23,248.5 351.4 6.02 % 23,552.0 370.9 6.27 % 23,795.7 366.1 6.11 %
Loans held for sale 21.1 0.3 6.08 % 26.5 0.6 8.63 % 12.3 0.3 8.52 %
US Treasury and government agency securities 595.1 4.5 3.04 % 556.4 4.1 2.92 % 654.1 5.2 3.18 %
CMOs and mortgage backed securities 6,812.8 45.2 2.65 % 6,807.9 44.2 2.60 % 7,031.9 41.2 2.34 %
Municipals (TE) 825.7 6.1 2.96 % 831.1 6.2 2.96 % 870.0 6.5 2.97 %
Other securities 23.4 0.2 3.87 % 23.5 0.2 3.86 % 23.4 0.2 3.51 %
Total securities (TE) (l) 8,257.0 56.0 2.71 % 8,218.9 54.7 2.66 % 8,579.4 53.1 2.47 %
Total short-term investments 806.4 9.3 4.59 % 466.3 6.0 5.16 % 740.7 10.1 5.43 %
Average earning assets yield (TE) 32,333.0 $ 417.0 5.14 % $ 32,263.7 $ 432.2 5.34 % $ 33,128.1 $ 429.6 5.16 %
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits 11,127.2 $ 61.6 2.20 % $ 10,905.3 $ 65.1 2.37 % $ 10,681.9 $ 56.9 2.11 %
Time deposits 4,672.3 50.0 4.26 % 4,904.9 57.5 4.66 % 5,264.3 62.4 4.71 %
Public funds 2,899.8 23.5 3.22 % 2,770.6 24.6 3.54 % 2,896.3 26.8 3.68 %
Total interest-bearing deposits 18,699.3 135.1 2.87 % 18,580.8 147.2 3.15 % 18,842.5 146.1 3.08 %
Short-term borrowings 672.3 2.5 1.51 % 972.2 7.4 3.04 % 993.8 8.1 3.24 %
Long-term debt 227.7 3.1 5.38 % 236.4 3.1 5.18 % 236.3 3.1 5.19 %
Total borrowings 900.0 5.6 2.49 % 1,208.6 10.5 3.46 % 1,230.1 11.2 3.62 %
Total interest-bearing liabilities cost 19,599.3 140.7 2.86 % 19,789.4 157.7 3.17 % 20,072.6 157.3 3.11 %
Net interest-free funding sources 12,733.7 12,474.3 13,055.5
Total cost of funds 32,333.0 140.7 1.73 % 32,263.7 157.7 1.94 % 33,128.1 157.3 1.88 %
Net Interest Spread (TE) $ 276.3 2.28 % $ 274.5 2.17 % $ 272.3 2.05 %
Net Interest Margin (TE) 32,333.0 $ 276.3 3.41 % $ 32,263.7 $ 274.5 3.39 % $ 33,128.1 $ 272.3 3.27 %
(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 0.5 million, 0.5 million and 0.4 million for the three months ended December 31, 2024, September 30, 2024, and December 31, 2023, respectively.
(l) Average securities does not include unrealized holding gains/losses on available for sale securities.

All values are in US Dollars.

HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY
(Unaudited)
12/31/2023
(dollars in millions) Interest Rate Average<br> Balance Interest Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i) 18,263.7 $ 1,179.0 6.46 % $ 18,556.2 $ 1,131.8 6.10 %
Residential mortgage loans 3,982.1 152.8 3.84 % 3,541.2 128.3 3.62 %
Consumer loans 1,384.9 121.5 8.78 % 1,497.2 124.0 8.28 %
Loan fees & late charges — 5.5 0.00 % — 1.3 0.00 %
Total loans (TE) (j) (k) 23,630.7 1,458.8 6.17 % 23,594.6 1,385.4 5.87 %
Loans held for sale 22.0 1.6 7.44 % 26.0 1.7 6.63 %
US Treasury and government agency securities 549.9 15.8 2.87 % 567.2 15.3 2.70 %
CMOs and mortgage backed securities 6,805.2 175.0 2.57 % 7,423.9 170.4 2.30 %
Municipals (TE) 843.4 25.0 2.96 % 887.0 26.5 2.98 %
Other securities 23.5 0.9 3.77 % 23.5 0.8 3.51 %
Total securities (TE) (l) 8,222.0 216.7 2.63 % 8,901.6 213.0 2.39 %
Total short-term investments 547.8 27.0 4.93 % 638.6 31.5 4.93 %
Average earning assets yield (TE) 32,422.5 $ 1,704.1 5.26 % $ 33,160.8 $ 1,631.6 4.92 %
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits 10,891.8 $ 248.2 2.28 % $ 10,598.6 $ 176.9 1.67 %
Time deposits 4,846.9 223.3 4.61 % 3,989.1 166.5 4.17 %
Public funds 2,938.7 102.9 3.50 % 2,971.6 100.5 3.38 %
Total interest-bearing deposits 18,677.4 574.4 3.08 % 17,559.3 443.9 2.53 %
Short-term borrowings 891.4 24.4 2.73 % 1,693.4 66.7 3.94 %
Long-term debt 234.2 12.3 5.23 % 239.1 12.3 5.15 %
Total borrowings 1,125.6 36.7 3.25 % 1,932.5 79.0 4.09 %
Total interest-bearing liabilities cost 19,803.0 611.1 3.09 % 19,491.8 522.9 2.68 %
Net interest-free funding sources 12,619.5 13,669.0
Total cost of funds 32,422.5 611.1 1.88 % 33,160.8 522.9 1.58 %
Net Interest Spread (TE) $ 1,093.0 2.17 % $ 1,108.7 2.24 %
Net Interest Margin (TE) 32,422.5 $ 1,093.0 3.37 % $ 33,160.8 $ 1,108.7 3.34 %
(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 2.1 million and 2.4 million for the years ended December 31, 2024 and 2023, respectively.
(l) Average securities does not include unrealized holding gains/losses on available for sale securities.

All values are in US Dollars.

HANCOCK WHITNEY CORPORATION
ASSET QUALITY INFORMATION
(Unaudited)
Twelve Months Ended
(dollars in thousands) 9/30/2024 12/31/2023 12/31/2024 12/31/2023
Nonaccrual loans (m) 97,335 $ 82,866 $ 59,036 $ 97,335 $ 59,036
ORE and foreclosed assets 27,797 27,732 3,628 27,797 3,628
Total nonaccrual loans + ORE and foreclosed assets 125,132 $ 110,598 $ 62,664 $ 125,132 $ 62,664
Nonaccrual loans as a percentage of loans 0.42 % 0.35 % 0.25 % 0.42 % 0.25 %
Nonaccrual loans + ORE and foreclosed assets as a % of loans, ORE and foreclosed assets 0.54 % 0.47 % 0.26 % 0.54 % 0.26 %
Accruing loans 90 days past due 21,852 $ 5,967 $ 9,609 $ 21,852 $ 9,609
Accruing loans 90 days past due as a percentage of loans 0.09 % 0.03 % 0.04 % 0.09 % 0.04 %
Modified loans - still accruing 79,324 $ 90,156 $ 24,448 $ 79,324 $ 24,448
Modified loans - still accruing as a % of loans 0.34 % 0.38 % 0.10 % 0.34 % 0.10 %
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for loan losses:
Beginning balance 317,271 $ 316,148 $ 306,291 $ 307,907 $ 307,789
Provision for loan losses 13,352 19,150 17,671 57,008 63,518
Charge-offs (16,654 ) (21,113 ) (19,601 ) (73,084 ) (75,423 )
Recoveries 4,913 3,086 3,546 27,051 12,023
Net charge-offs (11,741 ) (18,027 ) (16,055 ) (46,033 ) (63,400 )
Ending Balance 318,882 $ 317,271 $ 307,907 $ 318,882 $ 307,907
Reserve for unfunded lending commitments:
Beginning balance 25,493 $ 26,079 $ 29,613 $ 28,894 $ 33,309
Provision for losses on unfunded lending commitments (1,440 ) (586 ) (719 ) (4,841 ) (4,415 )
Ending balance 24,053 $ 25,493 $ 28,894 $ 24,053 $ 28,894
Total allowance for credit losses 342,935 $ 342,764 $ 336,801 $ 342,935 $ 336,801
Total provision for credit losses 11,912 $ 18,564 $ 16,952 $ 52,167 $ 59,103
Allowance for loan losses as a percentage of period-end loans 1.37 % 1.35 % 1.29 % 1.37 % 1.29 %
Allowance for credit losses as a percentage of period-end loans 1.47 % 1.46 % 1.41 % 1.47 % 1.41 %
Allowance for loan losses as a % of nonaccrual loans 327.61 % 382.87 % 521.56 % 327.61 % 521.56 %
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries):
Commercial & real estate loans 7,488 $ 14,464 $ 12,747 $ 31,318 $ 52,841
Residential mortgage loans (14 ) 28 (388 ) (215 ) (1,223 )
Consumer loans 4,267 3,535 3,696 14,930 11,782
Total net charge-offs 11,741 $ 18,027 $ 16,055 $ 46,033 $ 63,400
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans 0.17 % 0.32 % 0.27 % 0.17 % 0.28 %
Residential mortgage loans 0.00 % 0.00 % (0.04 )% (0.01 )% (0.03 )%
Consumer loans 1.24 % 1.02 % 1.02 % 1.08 % 0.79 %
Total net charge-offs as a percentage of average loans 0.20 % 0.30 % 0.27 % 0.19 % 0.27 %
AVERAGE LOANS
Commercial & real estate loans 17,915,970 $ 18,179,941 $ 18,548,884 $ 18,263,676 $ 18,556,175
Residential mortgage loans 3,967,895 3,996,986 3,803,702 3,982,122 3,541,245
Consumer loans 1,364,647 1,375,075 1,443,095 1,384,945 1,497,159
Total average loans 23,248,512 $ 23,552,002 $ 23,795,681 $ 23,630,743 $ 23,594,579
(m) Included in nonaccrual loans are nonaccruing modified loans to borrowers experiencing financial difficulties totaling 20.2 million at December 31, 2024, 5.4 million at September 30, 2024, and less than 0.1 million at December 31, 2023.

All values are in US Dollars.

HANCOCK WHITNEY CORPORATION
ASSET QUALITY INFORMATION
(Unaudited)
(dollars in thousands) 9/30/2024 6/30/2024 3/31/2024 12/31/2023
Nonaccrual loans (m) 97,335 $ 82,866 $ 86,253 $ 82,082 $ 59,036
ORE and foreclosed assets 27,797 27,732 2,114 2,793 3,628
Total nonaccrual loans + ORE and foreclosed assets 125,132 $ 110,598 $ 88,367 $ 84,875 $ 62,664
Nonaccrual loans as a percentage of loans 0.42 % 0.35 % 0.36 % 0.34 % 0.25 %
Nonaccrual loans + ORE and foreclosed assets as a % of loans, ORE and foreclosed assets 0.54 % 0.47 % 0.37 % 0.35 % 0.26 %
Accruing loans 90 days past due 21,852 $ 5,967 $ 6,069 $ 7,938 $ 9,609
Accruing loans 90 days past due as a percentage of loans 0.09 % 0.03 % 0.03 % 0.03 % 0.04 %
Modified loans - still accruing 79,324 $ 90,156 $ 57,422 $ 37,425 $ 24,448
Modified loans - still accruing as a % of loans 0.34 % 0.38 % 0.24 % 0.16 % 0.10 %
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for loan losses:
Beginning balance 317,271 $ 316,148 $ 313,726 $ 307,907 $ 306,291
Provision for loan losses 13,352 19,150 9,707 14,799 17,671
Charge-offs (16,654 ) (21,113 ) (11,951 ) (23,366 ) (19,601 )
Recoveries 4,913 3,086 4,666 14,386 3,546
Net charge-offs (11,741 ) (18,027 ) (7,285 ) (8,980 ) (16,055 )
Ending Balance 318,882 $ 317,271 $ 316,148 $ 313,726 $ 307,907
Reserve for unfunded lending commitments:
Beginning balance 25,493 $ 26,079 $ 27,063 $ 28,894 $ 29,613
Provision for losses on unfunded lending commitments (1,440 ) (586 ) (984 ) (1,831 ) (719 )
Ending balance 24,053 $ 25,493 $ 26,079 $ 27,063 $ 28,894
Total allowance for credit losses 342,935 $ 342,764 $ 342,227 $ 340,789 $ 336,801
Total provision for credit losses 11,912 $ 18,564 $ 8,723 $ 12,968 $ 16,952
Allowance for loan losses as a percentage of period-end loans 1.37 % 1.35 % 1.32 % 1.31 % 1.29 %
Allowance for credit losses as a percentage of period-end loans 1.47 % 1.46 % 1.43 % 1.42 % 1.41 %
Allowance for loan losses as a % of nonaccrual loans 327.61 % 382.87 % 366.54 % 382.21 % 521.56 %
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries)
Commercial & real estate loans 7,488 $ 14,464 $ 4,112 $ 5,254 $ 12,747
Residential mortgage loans (14 ) 28 (83 ) (146 ) (388 )
Consumer loans 4,267 3,535 3,256 3,872 3,696
Total net charge-offs 11,741 $ 18,027 $ 7,285 $ 8,980 $ 16,055
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans 0.17 % 0.32 % 0.09 % 0.11 % 0.27 %
Residential mortgage loans 0.00 % 0.00 % (0.01 )% (0.01 )% (0.04 )%
Consumer loans 1.24 % 1.02 % 0.95 % 1.10 % 1.02 %
Total net charge-offs as a percentage of average loans: 0.20 % 0.30 % 0.12 % 0.15 % 0.27 %
AVERAGE LOANS
Commercial & real estate loans 17,915,970 $ 18,179,941 $ 18,532,555 $ 18,430,979 $ 18,548,884
Residential mortgage loans 3,967,895 3,996,986 4,000,570 3,963,030 3,803,702
Consumer loans 1,364,647 1,375,075 1,384,236 1,416,154 1,443,095
Total average loans 23,248,512 $ 23,552,002 $ 23,917,361 $ 23,810,163 $ 23,795,681
(m) Included in nonaccrual loans are nonaccruing modified loans to borrowers experiencing financial difficulties totaling 20.2 million at December 31, 2024, 5.4 million at September 30, 2024, 5.3 million at June 30, 2024, 0.2 million at March 31, 2024, and less than 0.1 million at December 31, 2023.

All values are in US Dollars.

HANCOCK WHITNEY CORPORATION
Appendix A to the Earnings Release
Reconciliation of Non-GAAP Measure
(Unaudited)
PRE-PROVISION NET REVENUE (TE) AND ADJUSTED PRE-PROVISION NET REVENUE (TE)
Three Months Ended Twelve Months Ended
(in thousands) 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 12/31/2024 12/31/2023
Net Income (GAAP) $ 122,074 $ 115,572 $ 114,557 $ 108,612 $ 50,603 $ 460,815 $ 392,602
Provision for credit losses 11,912 18,564 8,723 12,968 16,952 52,167 59,103
Income tax expense 28,446 29,684 30,308 24,720 11,705 113,158 97,526
Pre-provision net revenue 162,432 163,820 153,588 146,300 79,260 626,140 549,231
Taxable equivalent adjustment (n) 2,735 2,693 2,828 2,830 2,834 11,086 11,107
Pre-provision net revenue (TE) 165,167 166,513 156,416 149,130 82,094 637,226 560,338
Adjustments from supplemental disclosure items
Gain on sale of parking facility — — — — (16,126 ) — (16,126 )
Loss on securities portfolio restructure — — — — 65,380 — 65,380
FDIC special assessment — — — 3,800 26,123 3,800 26,123
Adjusted pre-provision net revenue (TE) $ 165,167 $ 166,513 $ 156,416 $ 152,930 $ 157,471 $ 641,026 $ 635,715
REVENUE (TE), ADJUSTED REVENUE (TE) AND EFFICIENCY RATIO
Three Months Ended Twelve Months Ended
(in thousands) 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 12/31/2024 12/31/2023
Net interest income $ 273,556 $ 271,764 $ 270,430 $ 266,171 $ 269,460 $ 1,081,921 $ 1,097,599
Noninterest income 91,209 95,895 89,174 87,851 38,951 364,129 288,480
Total GAAP revenue 364,765 367,659 359,604 354,022 308,411 1,446,050 1,386,079
Taxable equivalent adjustment (n) 2,735 2,693 2,828 2,830 2,834 11,086 11,107
Total revenue (TE) 367,500 370,352 362,432 356,852 311,245 1,457,136 1,397,186
Adjustments from supplemental disclosure items
Gain on sale of parking facility — — — — (16,126 ) — (16,126 )
Loss on securities portfolio restructure — — — — 65,380 — 65,380
Adjusted revenue (TE) $ 367,500 $ 370,352 $ 362,432 $ 356,852 $ 360,499 $ 1,457,136 $ 1,446,440
GAAP Noninterest expense $ 202,333 $ 203,839 $ 206,016 $ 207,722 $ 229,151 $ 819,910 $ 836,848
Amortization of Intangibles (2,206 ) (2,292 ) (2,389 ) (2,526 ) (2,672 ) (9,413 ) (11,556 )
Adjustments from supplemental disclosure items
FDIC special assessment — — — (3,800 ) (26,123 ) (3,800 ) (26,123 )
Adjusted noninterest expense for efficiency $ 200,127 $ 201,547 $ 203,627 $ 201,396 $ 200,356 $ 806,697 $ 799,169
Efficiency ratio (o) 54.46 % 54.42 % 56.18 % 56.44 % 55.58 % 55.36 % 55.25 %
(n) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(o) The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items noted above.

Slide 1

Fourth Quarter 2024 Earnings Conference Call 1/21/2025 HANCOCK WHITNEY Exhibit 99.2

Slide 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, capital levels, deposits (including growth, pricing, and betas), investment portfolio, other sources of liquidity, loan growth expectations, management’s predictions about charge-offs for loans, general economic business conditions in our local markets, Federal Reserve action with respect to interest rates, the effects of war or other conflicts, acts of terrorism, climate change, the impact of natural or man-made disasters, the adequacy of our enterprise risk management framework, potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings, assessments, and enforcement actions, as well as the impact of negative developments affecting the banking industry and the resulting media coverage; the potential impact of current (including Sabal Trust Company) or future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, success of revenue-generating and cost reduction 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 and non-financial reporting, the financial impact of regulatory requirements and tax reform legislation, deposit trends, credit quality trends, the impact of current and future economic conditions, including the effects of declines in the real estate market, high unemployment, inflationary pressures, tariffs or trade wars, increasing insurance costs, elevated interest rates, including the impact of changes in interest rates on our financial projections, models and guidance and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing, net interest margin trends, future expense levels, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts 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. Forward-looking statements are subject to significant risks and uncertainties. Any forward-looking statement made in this presentation 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, 2023, and in other periodic reports that we file with the SEC. Important cautionary statement about forward-looking statements

Slide 3

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. ABL – Asset Based Lending ACL – Allowance for credit losses AEA – Average Earning Assets AFS – Available for sale securities Annualized – Calculated to reflect a rate based on a full year AOCI – Accumulated other comprehensive income ARM – Adjustable Rate Mortgage B – Dollars in billions Beta – repricing based on a change in market rates BOLI – Bank-owned life insurance bps – basis points Brokered Deposits – deposits obtained directly or indirectly through a deposit broker typically offering higher interest rates C&D – Construction and land development loans CD – Certificate of deposit CET1 – Common Equity Tier 1 Ratio CF – Cash flow CMBS – Commercial mortgage-backed securities CMO – Collateralized mortgage obligations CRE – Commercial real estate CSO – Corporate strategic objective DDA – Noninterest-bearing demand deposit accounts *Efficiency ratio – noninterest expense to total net interest (TE) and noninterest income, excluding amortization of purchased intangibles and other supplemental disclosure items EOP – End of period EPS – Earnings per share Fed – Federal Reserve Bank FF – Federal Funds FHLB – Federal Home Loan Bank FRB-DW – Federal Reserve Bank Discount Window Free Securities – market value of unencumbered investment securities owned by the bank FTE – Full time equivalent FV – Fair Value HFS – Held for sale HTM – Held to maturity securities IB – Interest-bearing ICRE – Income-producing commercial real estate ICS – Insured Cash Sweep IRR – Interest rate risk 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 LOC – Line of credit LQA – Linked-quarter annualized M&A – Mergers and acquisitions MM – Dollars in millions MMDA – Money market demand account MMDDYY – Month Day Year MSA – Metropolitan Statistical Area Munis – Municipal obligations NII – Net interest income *NIM – Net interest margin (TE) OCI – Other comprehensive income OFA – Other foreclosed assets O/N – Overnight Funds ORE – Other real estate PF – Public Funds *PPNR and *Adjusted PPNR – Pre-provision net revenue, defined as net income excluding provision expense and income tax expense, plus the taxable equivalent adjustment; adjusted PPNR is PPNR excluding supplemental disclosure items; also known as adjusted leverage Repo – Customer repurchase agreements RMBS – Residential mortgage-backed securities ROA – Return on average assets ROTCE – Return on tangible common equity RWA – Risk Weighted Assets SBA – Small Business Administration SBIC – Small business investment company SNC – Shared national credit SOFR – Secured Overnight Financing Rate S2 – Slower growth, downside scenario *Supplemental disclosure items – certain items that are outside of our principal business and/or are not indicative of forward-looking trends; these items are presented below GAAP financial data and excluded from certain adjusted ratios and metrics TCE – Tangible common equity ratio (common shareholders’ equity less intangible assets divided by total assets less intangible assets) *TE – Taxable equivalent (calculated using the current statutory federal tax rate) XHYY – Half Year XQYY – Quarter Year Y-o-Y – Year over year

Slide 4

HWC Nasdaq Listed HNCOCK WHITNEY 4 *Most recent quarter-end regulatory capital ratios preliminary until finalization of our regulatory filings As of December 31, 2024 (Healthcare) (ABL) (Operations) (Trust) $35.1 billion in Total Assets $23.3 billion in Total Loans $29.5 billion in Total Deposits CET1 Ratio 14.14%* TCE Ratio 9.47% $4.7 billion in Market Cap Baa3 Moody’s Long-term issuer rating; positive outlook BBB S&P Long-term issuer rating; stable outlook 180 banking locations Approximately 3,500 (FTE) employees corporate-wide 223 ATMs Corporate Profile

Slide 5

How we do business Our Mission. Each day, we reaffirm our mission to help people achieve their financial goals and dreams. Our Purpose. We work hard to create opportunities for people and the communities we serve, our purpose for doing what we do. Our Promise to Associates. We honor and respect associates with a heartfelt promise: You can grow. You have a voice. You are important. Honor & Integrity We proudly bear a figurative badge symbolizing our steady commitment to do the right thing for the people who depend on and trust us. Strength & Stability We maintain strong capital and solid business practices to anchor the company's financial soundness and offer clients safe harbor for their hard-earned money. Commitment to Service With a steadfast pledge to five-star excellence, we strive to deliver exceptional service to our clients and communities every day. Teamwork We embrace the importance of collaboration and work together with people, communities, and each other to empower success in the hometowns we serve. Personal Responsibility Each of us carries the long-burning light of accountability that leads us to go above and beyond our best.  Our core values.

Slide 6

HWC Strong and Stable for 125 Years Strength to manage through challenging economic environments Density in resilient deposit markets Stable, seasoned, diversified deposits; ability to organically grow deposits Top quartile capital levels including all unrealized losses Ability to return capital through dividend increases and share repurchase program Commitment to maintaining a de-risked balance sheet Robust ACL at 1.47% of loans Proven ability to proactively manage expenses Technology projects improve client experience and enhance efficiencies Exceptional, dedicated, committed team of associates

Slide 7

All-cash strategic acquisition expected to close in the second quarter of 2025 Strategic overlay to 2018’s acquisition of Capital One’s trust and asset management business Florida becomes the largest private wealth management fee income contributor in the bank, with Tampa as the largest market contributor Highly experienced team of 51 associates; cultural and strategic alignment with stated growth plans Revenue of $22.1 million in 2024 and approximately $3 billion assets under management at December 31, 2024 Immediately accretive to GAAP EPS excluding one-time costs and exceeds minimum return thresholds Acquisition of Sabal Trust Company Sabal Locations Hancock Whitney Locations

Slide 8

Revenue Producers Plan initiated in 2024 to hire additional wholesale, business, and wealth management revenue producers Largely in higher-growth MSAs in Texas and Florida Hired 7 bankers in 4Q24, expect to hire another 28 in 2025 Contributes to expected loan and deposit growth in 2025 Investments will continue into 2026 at commensurate levels Expected ongoing annual expense: $8.5 million Year One of Multi-Year Organic Growth Plan Facility Expansion Five additional financial center locations are planned for Dallas MSA in 2025 Solid, established leadership in existing Dallas MSA locations Opportunities to expand market share Expected ongoing annual expense: $6.2 million Location of planned hires

Slide 9

Fourth Quarter 2024 Highlights Net income totaled $122.1 million, or $1.40 per diluted share, compared to $115.6 million, or $1.33 per diluted share in 3Q24 Pre-Provision Net Revenue (PPNR)* totaled $165.2 million, compared to $166.5 million in prior quarter Loans decreased $156 million, or 3% LQA (Slide 11) Deposits increased $510 million, or 7% LQA (Slide 13) Criticized commercial loans and nonaccrual loans continued to normalize (Slide 14) ACL coverage solid at 1.47%, up 1 bp compared to prior quarter (Slide 15) NIM 3.41%, up 2 bps compared to 3Q24 (Slide 17) CET1 ratio estimated at 14.14%, up 36 bps linked-quarter; TCE ratio at 9.47%, down 9 bps linked-quarter; total capital estimated at nearly 16% (Slide 22) Efficiency ratio of 54.46%, up 4 bps linked-quarter *Non-GAAP measure: See appendix for non-GAAP reconciliation **Most recent quarter-end regulatory capital ratios preliminary until finalization of our regulatory filings ($s in millions; except per share data) 4Q24 3Q24 4Q23 Net income $122.1 $115.6 $50.6 Provision for credit losses $11.9 $18.6 $17.0 Supplemental disclosure items ─ ─ ($75.4) Earnings per share – diluted $1.40 $1.33 $0.58 Return on Assets (%) (ROA) 1.40 1.32 0.56 Adjusted ROA (%)* 1.40 1.32 1.23 Return on Tangible Common Equity (%) (ROTCE) 14.96 14.70 7.55 Adjusted ROTCE (%)* 14.96 14.70 16.43 Net Interest Margin (TE) (%) 3.41 3.39 3.27 Net Charge-offs (%) 0.20 0.30 0.27 CET1 Ratio (%)** 14.14 13.78 12.33 Tangible Common Equity (%) 9.47 9.56 8.37 Adjusted Pre-Provision Net Revenue (TE)* $165.2 $166.5 $157.5 Efficiency Ratio (%)* 54.46 54.42 55.58

Slide 10

2024 Highlights Net income of $460.8 million, or $5.28 per diluted share, compared to $392.6 million, or $4.50 per diluted share, in 2023 Other supplemental disclosure items in 2024 results include a net pretax charge of ($3.8) million, or $0.03 per share, compared to a net pretax charge of ($75.4) million, or $0.68 per share, in 2023 (See appendix) Adjusted Pre-Provision Net Revenue (PPNR)* totaled $641.0 million, up $5.3 million, or 1%, compared to 2023 Provision for credit losses of $52.2 million in 2024, compared to provision for credit losses of $59.1 million in 2023 EOP loans declined $622 million, or 3% Deposits decreased $197 million, or 1% Criticized commercial loans and nonaccrual loans normalized throughout the year NIM increased 3 bps to 3.37%, largely a result of the changing interest rate environment CET1 ratio estimated at 14.14%, up 181 bps; TCE ratio at 9.47%, up 110 bps; total capital estimated at nearly 16% ($s in millions; except per share data) 2024 2023 Net income $460.8 $392.6 Provision for credit losses $52.2 $59.1 Supplemental disclosure items ($3.8) ($75.4) Earnings per share – diluted $5.28 $4.50 Return on Assets (%) (ROA) 1.32 1.10 Adjusted ROA (%)* 1.33 1.27 Return on Tangible Common Equity (%) (ROTCE) 15.08 14.97 Adjusted ROTCE (%)* 15.17 17.24 Net Interest Margin (TE) (%) 3.37 3.34 Net Charge-offs (%) 0.19 0.27 CET1 Ratio (%)** 14.14 12.33 Tangible Common Equity (%) 9.47 8.37 Adjusted Pre-Provision Net Revenue (TE)* $641.0 $635.7 Efficiency Ratio (%)* 55.36 55.25 *Non-GAAP measure: See appendix for non-GAAP reconciliation **Most recent quarter-end regulatory capital ratios preliminary until finalization of our regulatory filings

Slide 11

Expected CRE Payoffs Drive Decrease in Loans Bar Chart Loans totaled $23.3 billion, down $156 million, or 3% LQA Contraction primarily driven by an increase in payoffs of commercial real estate credits Increase in commercial non-real estate loans driven by seasonal increase in line utilization and higher activity In 2025, we expect mid-single digit loan growth, concentrated in 2H2025

Slide 12

Loan Portfolio Composition Diversified and De-Risked Total Loans Outstanding % of Total Loans Commitment ($s in millions) Commercial non-RE (C&I) $7,665 32.9% $13,510 CRE – owner 2,444 10.5% 2,556 ICRE 3,296 14.1% 3,394 C&D 1,210 5.2% 2,176 Healthcare (1) 2,020 8.7% 2,557 Equipment Finance 1,135 4.9% 1,135 Energy 198 0.8% 308 Total Commercial $17,968 77.1% $25,636 Mortgage 3,961 17.0% 3,967 Consumer 1,370 5.9% 3,334 Grand Total $23,299 100.0% $32,937         For Information Purposes Only (included in categories above)       Retail (C&I and CRE) $2,025 8.7% $2,445 Hospitality (C&I and CRE) $1,250 5.4% $1,419 Office – ICRE $684 2.9% $703 Office – owner $848 3.6% $875 Multifamily – ICRE $880 3.8% $890 Multifamily – C&D $463 2.0% $982 Loan portfolio diverse across a number of segments and industries Conservative underwriting in both type and structure Underwriting efforts focused on resilient industries and on full-service client relationships Business banking and consumer loans provide depository relationships and favorable yields SNC Loans totaled $2.3 billion at 12/31/24, 9.9% of total loans, virtually flat linked-quarter For additional details on ICRE loans, refer to slide 28 in the appendix As of December 31, 2024 (1) $919 million of healthcare loans outstanding are C&I, $528 million are CRE-Owner, $502 million are ICRE, and $71 million are C&D

Slide 13

Deposits Increase Despite Brokered Deposit Maturities Total deposits of $29.5 billion, up $510 million, or 7% LQA Noninterest-bearing DDA increased $97 million; DDAs as a % of total deposits stable in 4Q24 at 36% Brokered deposits decreased $183 million due to maturities that were not replaced during 4Q24 Increase in interest-bearing transactions and savings of $413 million due to seasonality and competitive products and pricing Retail time deposits decreased $326 million driven by maturity concentration repricing at lower rates and promotional rate reductions during the fourth quarter Increase in interest-bearing public funds of $509 million driven by seasonal inflows For additional details on deposit composition refer to slide 31 EOP Deposits Mix ($) EOP Deposits Mix (%) * Includes Public Funds DDA $ in millions % of Total Deposits

Slide 14

Asset Quality Metrics Criticized commercial loans totaled $623 million, or 3.47% of total commercial loans, at December 31, 2024, compared to $508 million, or 2.81% of total commercial loans, in prior quarter Nonaccrual loans totaled $97 million, or 0.42% of total loans, at December 31, 2024, compared to $83 million, or 0.35% of total loans, in prior quarter Despite normalization in criticized levels, still expect to compare well to peers; nonaccruals continue near top quartile levels Not experiencing broad signs of weakness among any industry, collateral type, or geography 1.47% 0.25% 2.81% Total Loans $23,922 $23,971 $23,912 $23,456 $23,299 Total Commercial Loans 18,589 18,591 18,524 18,097 17,968 Criticized Commercial Loans 274 340 380 508 623 Nonaccrual Loans 59 82 86 83 97 1.83% 0.34% 2.05% 0.36% 0.35% $ in millions

Slide 15

Maintained Solid Reserves Provision for the fourth quarter of 2024 of $11.9 million, reflects $11.7 million of net charge-offs and a reserve build of $0.2 million Increase in reserve coverage, with quarter-end reserve coverage of 1.47% Weighting applied to Moody’s December 2024 economic scenarios was 40% baseline and 60% slower growth (S2), unchanged from 3Q24 Given market conditions, scenario mix and weighting captures greater potential for slower near-term economic growth than provided for in the baseline scenario Net Charge-offs Reserve Build / (Release) Total Provision  ($s in millions) 4Q24 3Q24 4Q24 3Q24 4Q24 3Q24 Commercial $7.5 $14.5 $(0.3) $(1.0) $7.2 $13.5 Mortgage -- -- (0.4) 1.2 (0.4) 1.2 Consumer 4.2 3.5 0.9 0.4 5.1 3.9 Total $11.7 $18.0 $0.2 $0.6 $11.9 $18.6 12/31/2024 9/30/2024 Portfolio ($ in millions) Amount % of Loan and Leases Outstanding Amount % of Loan and Leases Outstanding Commercial $251 1.39% $250 1.38% Mortgage 42 1.07% 43 1.07% Consumer 26 1.89% 25 1.81% Allowance for Loan and Lease Losses (ALLL) $319 1.37% $318 1.35% Reserve for Unfunded Lending Commitments 24 --- 25 --- Allowance for Credit Losses (ACL) $343 1.47% $343 1.46%

Slide 16

Portfolio Reinvestment Drives Yield Increase Securities portfolio* totaled $8.2 billion at 12/31/24, flat linked-quarter 70% AFS, 30% HTM at 12/31/24 To reduce OCI volatility and provide flexibility to reposition and/or reprice the hedged assets in a changing rate environment, we have $478 million of FV hedges on $514 million of bonds, or 9% of AFS securities Yield 2.71%, up 5 bps primarily due to portfolio reinvestments during 4Q24 Premium amortization totaled $6.9 million, up $0.1 million linked-quarter Effective duration 4.1 at 12/31/24, compared to 4.3 at 9/30/24, continues to trend lower from purchases of shorter duration securities and as FV hedges approach effective dates Net unrealized losses on securities portfolio impacted by higher Treasury yields: Bar chart,pie chart Net Unrealized Loss $ in millions 12/31/2024 9/30/2024 AFS ($613) ($449) HTM ($202) ($148) Total ($815) ($597) * Excluding unrealized losses and FV hedges adjustment

Slide 17

4Q24 NIM 3.41%, up 2 bps from 3Q24 NIM 3.39% for the month of December 2024 NII (TE) of $276.3 million, compared to $274.5 million prior quarter Increase in NII primarily driven by lower deposit costs and better funding mix, partially offset by lower loan yields Expect modest and consistent NIM expansion over the course of 2025 Assumes three 25 bp rate cuts in 2H2025 Modeling of one and zero rate cut scenarios in 2025 yields modestly better NII results in 2025 Continued NIM Expansion Linked-Quarter 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 NIM Yield / Cost Quarter Month

Slide 18

New Loan Rates Impacted by Rate Environment $ in millions New Loan Rate* – Fixed 7.46% 7.75% 7.52% 7.41% 7.18% 6.75% New Loan Rate* - Variable 8.28% 8.31% 8.03% 8.29% 8.06% 7.18% * Loan rates represent weighted average coupon rate in the month of origination or first funded balance

Slide 19

Loans Loans totaled $23.3 billion at December 31, 2024 41% fixed, 59% variable (includes hybrid ARMs) 72% of variable loans tied to SOFR 23% of variable loans tied to Wall Street Journal Prime 5% of variable loans tied to other indices Approximately 4% ($477MM) of the variable rate loan portfolio will strike their index floors at or above a Fed Funds equivalent rate of 2% with a cumulative amount of 21% ($2.5B) hitting floor strikes at or above Fed Funds level of 1% Securities Expect to reinvest principal runoff of approximately $160 million in 1Q25, $708 million total for 2025 Swaps/Hedges (See slide 35 for more information) $1.4 billion of active receive fixed/pay 1-month SOFR swaps designated as Cash Flow Hedges on the balance sheet; extends asset duration; there were no additional Cash Flow hedge executions or terminations during the fourth quarter $478 million of pay fixed/receive Fed Effective swaps designated as Fair Value Hedges on $514 million of securities; provides OCI protection and flexibility to reposition and/or reprice the hedged assets in a changing rate environment $249 million expected to become effective during 2025, contributing as much as 6 bps to the yield on the securities portfolio Deposits Deposits totaled $29.5 billion at December 31, 2024 74% of deposits are MMDA (excludes PF), savings, or DDA Shift in deposit mix continued as interest rate environment has changed Cycle-to-date Rate Betas Rate Floors Floor Rate Balance * Balance Cumulative 25-49 bps $670 million $670 million 50-74 bps $804 million $1.5 billion 75-99 bps $546 million $2.0 billion 100-150 bps $1.8 billion $3.8 billion > 150 bps $172 million $4.0 billion IRR Sensitivity Table HWC (Hedges Removed) As of 4Q21 As of 4Q21 Peers * Immediate 100 bps 7.3% 8.4% 7.3% Gradual 100 bps 3.2% 3.6% 4.3% Deposits $ in millions Time Deposits $1,129 4% Interest-bearing public funds $3,295 11% Interest-bearing transaction & savings $11,650 38% Noninterest bearing $14,393 47% Key IRR Metrics Cycle Comparison Rates Up (4Q15-2Q19) Rates down (2Q19-4Q20) Rates Up (1Q22-2Q24) Rates Down (2Q24-4Q24) Cumulative Expected Beta for current cycle Total Deposit Betas 29% 31% 37% 23% 37-38% IB Deposit Betas 44% 45% 58% 38% 57-58% Loan Betas 48% 38% 49% 33% 49-50%

Slide 20

Fee Income Decrease Related to Specialty Lines Noninterest income totaled $91.2 million, down $4.7 million, or 5% linked-quarter Decrease in secondary mortgage fees due to lower activity Decrease in other primarily due to lower derivative income and lower SBA loan income Noninterest Income Mix 12/31/24 $s in millions 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

Slide 21

Expenses Decrease Linked-Quarter Noninterest expense totaled $202.3 million, down $1.5 million, or 1% linked-quarter Personnel expense decreased $2.0 million, or 2% linked-quarter, due to lower incentives and retirement benefit expenses Other expenses increased $1.3 million, or 2%, due to higher professional services and other miscellaneous expenses 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) Noninterest Expense Mix 12/31/24 $s in millions

Slide 22

Capital Levels Continue to Improve CET1 ratio estimated at 14.14%, up 36 bps linked-quarter Leverage (Tier 1) ratio estimated at 11.29%, up 26 bps linked-quarter TCE ratio 9.47%, down 9 bps linked-quarter, primarily due to higher long-term rate impact on AOCI 150,000 shares of company common stock repurchased during 4Q24 at an average price of $52.50; 762,993 shares repurchased in 2024; buyback authority reauthorized through December 31, 2026 Tangible Common Equity Ratio Leverage Ratio CET1 Ratio and Tier 1 Risked-Based Capital Ratio Total Risk-Based Capital Ratio December 31, 2024* 9.47% 11.29% 14.14% 15.93% September 30, 2024 9.56% 11.03% 13.78% 15.56% June 30, 2024 8.77% 10.71% 13.25% 15.00% March 31, 2024 8.61% 10.49% 12.65% 14.34% December 31, 2023 8.37% 10.10% 12.33% 13.93% CET1 Ratio 14.14% *Most recent quarter-end regulatory capital ratios preliminary until finalization of our regulatory filings TCE Ratio 9.47%

Slide 23

Remain Well Capitalized Including All Unrealized Losses 12/31/2024 As Reported* Inc. AOCI Losses (1) Inc. AOCI + HTM Losses(2) Well Capitalized Minimum Tangible Common Equity Ratio 9.47% 9.47% 9.05% N/A Leverage (Tier 1) Ratio 11.29% 9.87% 9.46% 5.00% CET1 Ratio 14.14% 12.28% 11.72% 6.50% Tier 1 Risked-Based Capital Ratio 14.14% 12.28% 11.72% 8.00% Risk-Based Capital Ratio 15.93% 14.08% 13.52% 10.00% Reflected above is the hypothetical impact on capital if the mark on AOCI Losses(1) and AOCI + HTM(2) were included in the regulatory capital calculations Neither scenario is currently included, nor required to be included in the Company’s regulatory capital ratios *Most recent quarter-end regulatory capital ratios preliminary until finalization of our regulatory filings Assumes AOCI adjustments related to market valuations on securities and related hedges are included for regulatory capital calculations Assumes HTM securities are also included as AOCI adjustment

Slide 24

2025 Forward Guidance 2024 Actual FY 2025 Outlook (Excludes impact of the acquisition of Sabal Trust Company) Loans (EOP) $23.3B Expect EOP loans at 12/31/25 to be up mid-single digits from 12/31/24 levels Deposits (EOP) $29.5B Expect EOP deposits at 12/31/25 to be up low single digits from 12/31/24 levels Net Interest Income (te); NIM (te) $1,093.0MM; 3.37% Expect NII (te) to be up between 3.5%-4.5% from FY24; expect modest and consistent NIM expansion throughout 2025; guidance based on three 25 bp rate cuts in 2025 (Jul, Sep and Dec) Adjusted Pre-Provision, Net Revenue (PPNR)* $641.0MM Expect PPNR to be up between 3%-4% from FY24 adjusted PPNR Reserve for Credit Losses $342.9MM, or 1.47% of total loans Future assumptions in economic forecasts and any change in our own asset quality metrics will drive level of reserves; expect modest charge-offs and provision for FY25 Noninterest Income $364.1MM Expect noninterest income to be up 3.5%-4.5% from FY24 noninterest income Adjusted Noninterest Expense* $816.1MM Expect noninterest expense to be up 4%-5% from FY24 adjusted noninterest expense Effective Tax Rate 19.7% Approximately 20-21% Efficiency Ratio* 55.36% Expect to maintain efficiency ratio within the range of 55-56% for FY25 Corporate Strategic Objectives (CSOs) Long-term operating objectives reviewed/updated annually (assumes fed funds at approximately 3.75% for 2027) 3 Year Objective (4Q27) 4Q24 Actual 2024 Actual ROA (Adjusted)* 1.40 – 1.50% 1.40% 1.32% TCE ≥ 8% 9.47% 9.47% ROTCE (Adjusted)* ≥ 18% 14.96% 15.17% Efficiency Ratio* ≤ 55% 54.46% 55.36% *Refer to appendix for non-GAAP reconciliations

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

Slide 26

Summary Balance Sheet ($ in millions) (1) 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       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 Change Change 4Q24 3Q24 4Q23 LQ Prior Year   YTD 2024 YTD 2023 Y-o-Y           EOP Balance Sheet       23,299.4 23,455.6 23,921.9 (156.2) (622.5) Loans 23,299.4 23,921.9 (622.5) 7,597.2 7,769.8 7,600.0 (172.6) (2.8) Securities 7,597.2 7,600.0 (2.8) 31,857.8 32,045.2 32,175.1 (187.4) (317.3) Earning assets 31,857.8 32,175.1 (317.3) 35,081.8 35,238.1 35,578.6 (156.3) (496.8) Total assets 35,081.8 35,578.6 (496.8)                   29,492.9 28,982.9 29,690.1 510.0 (197.2) Deposits 29,492.9 29,690.1 (197.2) 639.0 1,265.9 1,154.8 (626.9) (515.8) Short-term borrowings 639.0 1,154.8 (515.8) 30,954.2 31,063.4 31,774.9 (109.2) (820.8) Total liabilities 30,954.2 31,774.9 (820.7) 4,127.6 4,174.7 3,803.7 (47.1) 323.9 Stockholders' equity 4,127.6 3,803.7 323.9                     Avg Balance Sheet       23,248.5 23,552.0 23,795.7 (303.5) (547.2) Loans 23,630.7 23,594.6 36.1 8,257.1 8,218.9 8,579.4 38.2 (322.3) Securities (1) 8,222.0 8,901.6 (679.6) 32,333.0 32,263.7 33,128.1 69.3 (795.1) Average earning assets 32,422.6 33,160.8 (738.2) 34,770.7 34,780.4 35,538.3 (9.7) (767.6) Total assets 34,912.2 35,633.4 (721.2)                   29,108.4 28,940.2 29,974.9 168.2 (866.5) Deposits 29,168.9 29,478.5 (309.6) 672.3 972.1 993.8 (299.8) (321.5) Short-term borrowings 891.4 1,693.4 (802.0) 30,632.4 30,759.2 31,977.3 (126.8) (1,334.9 Total liabilities 30,960.3 32,104.5 (1,144.2) 4,138.3 4,021.2 3,561.0 117.1 577.3 Stockholders' equity 3,951.9 3,528.9 423.0           6.02% 6.27% 6.11% -25 bps -9 bps Loan yield 6.17% 5.87% 30 bps 2.71% 2.66% 2.47% 5 bps 24 bps Securities yield 2.63% 2.39% 24 bps 2.87% 3.15% 3.08% -28 bps -21 bps Cost of IB deposits 3.08% 2.53% 55 bps 79.00% 80.93% 80.57% -193 bps -157 bps Loan/Deposit ratio - EOP 79.00% 80.57% -157 bps

Slide 27

Balance Sheet Summary   4Q23 1Q24 2Q24 3Q24 4Q24 Average Loans ($MM) 23,796 23,810 23,917 23,552 23,249 Average Total Securities* ($MM) 8,579 8,197 8,214 8,219 8,257 Average Deposits ($MM) 29,975 29,561 29,069 28,940 29,108 Loan Yield (TE) 6.11% 6.16% 6.24% 6.27% 6.02% Cost of Deposits 1.93% 2.01% 2.00% 2.02% 1.85% Tangible Common Equity Ratio 8.37% 8.61% 8.77% 9.56% 9.47% * Average securities excludes unrealized gain/(loss)

Slide 28

ICRE Segmentation Detail and Key Metrics ICRE loan portfolio is diversified by asset class, industry and geographic region ICRE 16% of total loans and includes a variety of collateral types Office-ICRE exposure low at only 2.9% of total loans Office buildings tend to be more mid-rise Approximately 29% of office-ICRE exposure has medical-related tenants Approximately 95% of office exposure is located within our 5-state footprint (AL, FL, LA, MS, TX) 89% of office-ICRE portfolio (by loan count) has exposure of $5 million or less 89% of office-ICRE exposure has some level of guarantor support (corporate, personal, or both) Multifamily – ICRE and C&D exposure diverse No rent stabilized properties Approximately 78% of multifamily exposure is located within our 5-state footprint (AL, FL, LA, MS, TX) and Nashville, TN 98% of multifamily (ICRE and C&D) exposure has some level of guarantor support (corporate, personal, or both) Total Loans Outstanding % of Total Loans Commitment ($s in millions) Multifamily $880 3.8% $890 Office 684 2.9% 703 Retail 614 2.6% 648 Industrial 594 2.5% 619 Healthcare related properties 401 1.7% 448 Hospitality(1) 424 1.8% 431 Other 141 0.6% 143 Other land loans 43 0.2% 45 1-4 family residential construction 17 0.1% 17 Total ICRE Loans(2) $3,798 16.3% $3,944 As of December 31, 2024 (1) Includes hotel, motel and restaurants (2) Includes ICRE and $502 million healthcare loans outstanding; healthcare loans outstanding primarily included in healthcare related properties, office, and other collateral categories

Slide 29

EOP Loan Repricing and Maturity ($s in millions) Repricing/Maturity Term (1) Rate Structure 3 months or less 4-12 months 1-3 Years 3-5 Years 5-15 Years Over 15 Years Total Loans (EOP) Variable Rate Fixed Rate Commercial Non-RE $6,262 $250 $1,115 $1,226 $952 $72 $9,877   $6,394 $3,483 CRE-Owner 954 72 299 416 1,242 29 3,012 933 2,079 CRE- income producing 2,634 101 393 378 290 2 3,798 2,586 1,212 Construction and land development 969 23 46 96 129 18 1,281 995 286 Total Commercial $10,819 $446 $1,853 $2,116 $2,613 $121 $17,968 $10,908 $7,060 Residential mortgages 60 93 205 88 1,666 1,849 3,961 1,732 2,229 Consumer 1,193 14 75 67 20 1 1,370 1,170 200 Grand Total $12,072 $553 $2,133 $2,271 $4,299 $1,971 $23,299 $13,810 $9,489     % of Total 52% 2% 9% 10% 19% 8% 100% 59% 41% Weighed Average Rate 7.23% 5.78% 5.02% 6.10% 4.06% 4.41% 6.08% 6.77% 4.98% (1) Based on maturity date for fixed rate loans 85% of variable rate loans reprice in three months or less $1.4 billion of variable rate mortgages, or 10% of total variable rate loans, reprice in 5 to 15 years

Slide 30

Total Loan Rates and Yield Trends $ in millions Total Loan Rate* - Fixed 4.52% 4.64% 4.73% 4.82% 4.91% 4.98% Total Loan Rate* - Variable 7.40% 7.42% 7.41% 7.43% 7.26% 6.77% * Loan rates represent weighted average coupon rate at end of period ** Total loan yield includes impact of cash flow hedges

Slide 31

Maintaining a Seasoned, Stable, Diversified Deposit Base DDAs as a % of total deposits remains among best-in-class at 36% at December 31, 2024 Uninsured deposits (adjusted for collateralized public funds) were 37.3% at December 31, 2024, virtually flat linked-quarter The Insured Cash Sweep (ICS) product is available to clients as a way to secure deposits above FDIC limits; balances at December 31, 2024 were $360 million, down from $377 million at September 30, 2024 Repurchase (Repo) agreements are another way for clients to secure deposits; balances at December 31, 2024 were $639 million compared to $766 million at September 30, 2024 Consumer clients comprise 44% of total deposits (50% including wealth), while commercial clients comprise 37% Deposits include $7 million in brokered CDs, down $183 million linked-quarter

Slide 32

Currently have approximately $19.1 billion in internal and external sources of liquidity if needed Over $18 billion in remaining net liquidity available at December 31, 2024 Liquidity includes $7 million in brokered CDs at December 31, 2024, down $183 million linked-quarter At December 31, 2024 $ in millions Total Sources Amount Used Net Availability Internal Sources       Free Securities $ 3,632 $ - $ 3,632 External Sources     FHLB* 6,593 1,083 5,510 FRB-DW 3,232 - 3,232 Brokered Deposits 4,424 7 4,417 Overnight Fed Funds LOCs 1,229 - 1,229 Total Available Sources of Funding $ 19,110 $ 1,090 $ 18,020 Strong Liquidity Position; Multiple Sources of Funding Available At December 31, 2024 $ in millions Cash and O/N $ 1,515 Cash and O/N as a % of Assets 4.3% Cash and O/N + Net Availability $ 19,535 Uninsured Deposits excl. PF Deposits $ 10,996 Cash and O/N + Net Availability to Adj. Uninsured deposits 177.6% * Amount used includes letters of credit (off balance-sheet)

Slide 33

Summary Income Statement ($ in millions, except for per share data) *Non-GAAP measure: see slides 36-38 for non-GAAP reconciliations       Change       Change 4Q24 3Q24 4Q23 LQ Prior Year   YTD 2024 YTD 2023 Y-o-Y 276.3 274.5 272.3 1.8 4.0 Net interest income (TE) 1,093.0 1,108.7 (15.7) 11.9 18.6 17.0 (6.7) (5.1) Provision for credit losses 52.2 59.1 (6.9) 91.2 95.9 39.0 (4.7) 52.2 Noninterest income 364.1 288.5 75.6 202.3 203.8 229.2 (1.5) (26.9) Noninterest expense 819.9 836.8 (16.9) 150.5 145.3 62.3 5.2 88.2 Income before income tax 574.0 490.1 83.9 28.4 29.7 11.7 (1.3) 16.7 Income tax expense 113.2 97.5 15.7 122.1 115.6 50.6 6.5 71.5 Net income 460.8 392.6 68.2 165.2 166.5 157.5 (1.3) 7.7 Adjusted PPNR (TE)* 641.0 635.7 5.3           122.1 115.6 50.6 6.5 71.5 Net income 460.8 392.6 68.2 (0.7) (0.8) (0.4) 0.1 (0.2) Net Income allocated to participating securities (3.0) (4.0) 1.0 121.4 114.8 50.2 6.6 71.2 Net Income available to common shareholders 457.8 388.6 69.2 86.6 86.6 86.6 - - Weighted average common shares - diluted (millions) 86.6 86.4 0.2 1.40 1.33 0.58 0.07 0.82 EPS 5.28 4.50 0.78               3.41% 3.39% 3.27% 2 bps 14 bps NIM (TE) 3.37% 3.34% 3 bps 1.40% 1.32% 0.56% 8 bps 84 bps ROA 1.32% 1.10% 22 bps 11.74% 11.43% 5.64% 31 bps 610 bps ROE 11.66% 11.13% 53 bps 54.46% 54.42% 55.58% 4 bps -112 bps Efficiency ratio* 55.36% 55.25% 11 bps

Slide 34

Income Statement Summary (as Adjusted*) *Non-GAAP measure: see slides 36-38 for non-GAAP reconciliations   4Q23 1Q24 2Q24 3Q24 4Q24 Adjusted PPNR (TE)* ($000) 157,471 152,930 156,416 166,513 165,167 Net Interest Income (TE) ($000) 272,294 269,001 273,258 274,457 276,291 Net Interest Margin (TE) 3.27% 3.32% 3.37% 3.39% 3.41% Adjusted Noninterest Income* ($000) 88,205 87,851 89,174 95,895 91,209 Adjusted Noninterest Expense* ($000) 203,028 203,922 206,016 203,839 202,333 Efficiency Ratio* 55.58% 56.44% 56.18% 54.42% 54.46% 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

Slide 35

Current Hedge Positions Cash Flow (CF) Hedges Receive 232 bps versus paying 1-month SOFR on $1.4 billion No additional hedges were added or terminated during the fourth quarter Total termination value on remaining active CF hedges is approximately ($51) million as of 12/31/24 Future maturities of existing CF hedges range from December 2025 through March 2028 Fair Value (FV) Hedges $514 million in securities are hedged with $478 million of FV hedges Duration (Market price risk) reduced from approximately 6.0 years to 1.5 years on hedged securities During 4Q24, no additional FV hedges were executed or terminated Current termination value of FV hedges is approximately $40 million at 12/31/2024 FV hedges become fully effective beginning January 2025 through July 2026; at that point we pay fixed 1.98% and receive the FF effective rate (resulting in these bonds being a variable rate of FF plus 48 bps) When FV hedges are terminated, the value of each hedge is an adjustment to the book value of the underlying security, thereby changing its current book yield and extending its duration

Slide 36

PPNR (TE) and Adjusted PPNR (TE) Reconciliation   Three Months Ended Twelve Months Ended (in thousands) 4Q24 3Q24 2Q24 1Q24 4Q23 2024 2023 Net Income (GAAP) $122,074 $115,572 $114,557 $108,612 $50,603 $460,815 $392,602 Provision for credit losses 11,912 18,564 8,723 12,968 16,952 52,167 59,103 Income tax expense 28,446 29,684 30,308 24,720 11,705 113,158 97,526 Pre-provision net revenue 162,432 163,820 153,588 146,300 79,260 626,140 549,231 Taxable equivalent adjustment* 2,735 2,693 2,828 2,830 2,834 11,086 11,107 Pre-provision net revenue (TE)* 165,167 166,513 156,416 149,130 82,094 637,226 560,338 Adjustments from supplemental disclosure items               Gain on sale of parking facility — — — — (16,126) — (16,126) Loss on securities portfolio restructure — — — — 65,380 — 65,380 FDIC special assessment — — — 3,800 26,123 3,800 26,123 Adjusted pre-provision net revenue (TE)* $165,167 $166,513 $156,416 $152,930 $157,471 $641,026 $635,715 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 $125,660CHANCOCK WHITNEY 31 *Taxable equivalent (TE) amounts are calculated using a federal tax rate of 21% Adjusted Noninterest Income and Noninterest Expense   Three Months Ended Twelve Months Ended (in thousands) 4Q24 3Q24 2Q24 1Q24 4Q23 2024 2023 Noninterest income (GAAP) $91,209 $95,895 $89,174 $87,851 $38,951 $364,129 $288,480 Adjustments from supplemental disclosure items               Gain on sale of parking facility — — — — (16,126) — (16,126) Loss on securities portfolio restructure — — — — 65,380 — 65,380 Adjusted noninterest income $91,209 $95,895 $89,174 $87,851 $88,205 $364,129 $337,734 Noninterest expense (GAAP) $202,333 $203,839 $206,016 $207,722 $229,151 $819,910 $836,848 Adjustments from supplemental disclosure items               FDIC special assessment — — — (3,800) (26,123) (3,800) (26,123) Adjusted noninterest expense $202,333 $203,839 $206,016 $203,922 $203,028 $816,110 $810,725

Slide 37

Adjusted Efficiency Ratio   Three Months Ended Twelve Months Ended (in thousands) 4Q24 3Q24 2Q24 1Q24 4Q23 2024 2023 Net interest income $273,556 $271,764 $270,430 $266,171 $269,460 $1,081,921 $1,097,599 Noninterest income 91,209 95,895 89,174 87,851 38,951 364,129 288,480 Total GAAP revenue 364,765 367,659 359,604 354,022 308,411 1,446,050 1,386,079 Taxable equivalent adjustment* 2,735 2,693 2,828 2,830 2,834 11,086 11,107 Total revenue (TE)* 367,500 370,352 362,432 356,852 311,245 1,457,136 1,397,186 Adjustments from supplemental disclosure items         Gain on sale of parking facility — — — — (16,126) — (16,126) Loss on securities portfolio restructure — — — — 65,380 — 65,380 Adjusted revenue (TE)* $367,500 $370,352 $362,432 $356,852 $360,499 $1,457,136 $1,446,440 GAAP Noninterest expense $202,333 $203,839 $206,016 $207,722 $229,151 $819,910 $836,848 Amortization of Intangibles (2,206) (2,292) (2,389) (2,526) (2,672) (9,413) (11,556) Adjustments from supplemental disclosure items         FDIC special assessment — — — (3,800) (26,123) (3,800) (26,123) Adjusted noninterest expense less amortization of intangibles $200,127 $201,547 $203,627 $201,396 $200,356 $806,697 $799,169 Efficiency Ratio** 54.46% 54.42% 56.18% 56.44% 55.58% 55.36% 55.25% *Taxable equivalent (TE) amounts are calculated using a federal tax rate of 21% ** The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items noted above

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*Supplemental disclosure items, net of income tax impact calculated using federal tax rate of 21% Adjusted ROA and ROTCE   Three Months Ended Twelve Months Ended (in thousands) 4Q24 3Q24 4Q23 2024 2023 Average total assets $34,770,663 $34,780,386 $35,538,300 $34,912,199 $35,633,442 Average common stockholders' equity $4,138,326 $4,021,211 $3,560,978 $3,951,871 $3,528,911 Average goodwill and other intangible assets (891,741) (893,997) (901,377) (895,200) (905,610) Average tangible common equity $3,246,585 $3,127,214 $2,659,601 $3,056,671 $2,623,301 Net income (GAAP) $122,074 $115,572 $50,603 $460,815 $392,602 Supplemental disclosure items, net of income tax* — — 59,548 3,002 59,548 Adjusted Net Income $122,074 $115,572 $110,151 $463,817 $452,150 ROA 1.40% 1.32% 0.56% 1.32% 1.10% Adjusted ROA 1.40% 1.32% 1.23% 1.33% 1.27% ROTCE 14.96% 14.70% 7.55% 15.08% 14.97% Adjusted ROTCE 14.96% 14.70% 16.43% 15.17% 17.24% Adjusted Earnings Per Share - Diluted   Twelve Months Ended (in thousands) 2024 2023 Net Income (GAAP) $460,815 $392,602 Net income allocated to participating securities (3,027) (4,014) Net income available to common shareholders $457,788 $388,588 Supplemental disclosure items, net of income tax* 3,002 59,548 Supplemental disclosure items allocated to participating securities (22) (517) Adjusted net income allocated to participating securities $460,768 $447,619 Weighted average common shares - diluted 86,648 86,423 Earnings per share - diluted $5.28 $4.50 Adjusted earnings per share - diluted $5.31 $5.18

Slide 39

Fourth Quarter 2024 Earnings Conference Call 1/21/2025 HANCOCK WHITNEY

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