8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

________________

FORM 8-K

________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 19, 2022

________________

HANCOCK WHITNEY CORPORATION

(Exact Name of Registrant as Specified in Charter)

________________

Mississippi

001-36872

64-0693170

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

Hancock Whitney Plaza

2510 14th Street

Gulfport, Mississippi

(Address of Principal Executive Offices)

39501

(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 Class

COMMON STOCK, $3.33 PAR VALUE

6.25% SUBORDINATED NOTES

Trading Symbol

HWC

HWCPZ

Name of Exchange on Which Registered

The NASDAQ Stock Market, LLC

__________________

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 April 19, 2022, Hancock Whitney Corporation (the “Company”) announced financial results for its first quarter ended March 31, 2022. 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 April 19, 2022 at 4:00 p.m. (Central Time), the Company intends to hold an investor call and webcast to discuss financial results for the quarter ended March 31, 2022, 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 Number	Description
99.1	Press Release dated April 19, 2022 for Quarter Ended March 31, 2022.
99.2	Presentation Slides dated April 19, 2022 (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


April 19, 2022	By:	/s/ Michael M. Achary
		Michael M. Achary
		Chief Financial Officer

Exhibit 99.1

FOR IMMEDIATE RELEASE

April 19, 2022

For more information

Trisha Voltz Carlson, EVP, Investor Relations Manager

504.299.5208 or [email protected]

Hancock Whitney reports first quarter 2022 EPS of $1.40

GULFPORT, Miss. (April 19, 2022) — Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the first quarter of 2022. Net income for the first quarter of 2022 totaled $123.5 million, or $1.40 per diluted common share (EPS), compared to $137.7 million, or $1.55 per diluted common share, in the fourth quarter of 2021. The first quarter of 2022 did not include any nonoperating items, while the fourth quarter of 2021 included ($4.9) million, or ($0.04) per share after-tax, of net nonoperating income items. The company reported net income for the first quarter of 2021 of $107.2 million, or $1.21 per diluted common share.

First Quarter 2022 Highlights

•

Operating pre-provision net revenue (PPNR) totaled $134.5 million, up slightly, linked-quarter

•

Core loan growth of $385.3 million, or 8% linked-quarter annualized (LQA), more than offset the impact of $196.2 million in PPP loan forgiveness, leading to an overall increase in total loans of $189.1 million

•

Deposits increased $33.8 million, or less than 1% LQA, as the mix shifted from interest-bearing to noninterest-bearing

•

ACL coverage remained strong at 1.63% (1.66% excluding PPP loans)

•

Nonperforming loans and criticized commercial loans declined 24% and 2%, respectively linked-quarter

•

NIM widened 1 basis point (bp) to 2.81%

•

CET1 ratio estimated at 11.12%, up 3 bps; TCE ratio 7.15%, down 56 bps

“We are pleased to report another solid quarter and a good start to 2022,” said John M. Hairston, President and CEO. “Despite the ongoing challenges in today’s environment, our first quarter’s results were on track, with core loan growth of 8% LQA, stable deposits, the beginning of a widening NIM, historically low levels of asset quality metrics, continued expense management and solid capital levels. We will continue to execute our strategic plan and adjust for any challenges in today’s ever changing environment.”

Loans

Core loans increased $385.3 million, up 8% LQA, from December 31, 2021, more than offsetting the impact of $196.2 million in PPP loan forgiveness. Markets across the footprint grew reflected by net increases in the Eastern Region, up $300 million linked-quarter, and an increase of $107 million in the Western Region.

The Central Region was virtually unchanged from year-end 2021. Specialty lines, such as Equipment Finance, grew $90 million linked-quarter while amortizing only indirect and energy portfolios were down $33 million and $16 million, respectively. Healthcare loans decreased $75 million, net, linked-quarter. Management continues to expect core loans to grow by 6-8% in 2022, with quarterly results reflecting normal seasonality.

Total loans were $21.3 billion at March 31, 2022, up $189.1 million from December 31, 2021. Average loans totaled $21.1 billion for the first quarter of 2022, up $351.9 million, or 2%, linked-quarter.

Deposits

Total deposits at March 31, 2022 were $30.5 billion, up $33.8 million, or nearly flat, from December 31, 2021. During the quarter, seasonal runoff in public funds and interest-bearing transaction and savings deposits was more than offset by an increase in both commercial and consumer noninterest bearing demand deposit accounts (DDAs).

DDAs totaled $15.0 billion at March 31, 2022, up $583.9 million, or 4%, from December 31, 2021 and comprised almost half (49%) of total period-end deposits. Interest-bearing transaction and savings deposits totaled $11.5 billion at the end of the first quarter of 2022, a decrease of $188.9 million, or 2%, linked-quarter. Compared to December 31, 2021, time deposits of $1.0 billion were down $80.9 million, or 7%. Interest-bearing public fund deposits decreased $280.3 million, or 9%, linked-quarter, ending March 31, 2022 at $3.0 billion.

Average deposits for the first quarter of 2022 were $30.0 billion, up $279.1 million, or 1%, linked-quarter. Management expects 2022 period-end deposit levels to remain flat to slightly down compared to year-end 2021.

Asset Quality

The total allowance for credit losses (ACL) was $348.6 million at March 31, 2022, down $22.8 million from December 31, 2021. During the first quarter of 2022, the company recorded a negative provision for credit losses of $22.5 million, compared to a negative provision of $28.4 million in the fourth quarter of 2021. Net charge-offs totaled $0.3 million in the first quarter of 2022, or 0.01% of average total loans on an annualized basis, flat from $0.7 million, or 0.01% of average total loans in the fourth quarter of 2021. The ratio of ACL to period-end loans was 1.63% (1.66% excluding PPP loans) at March 31, 2022, compared to 1.76% (1.80% excluding PPP loans) at December 31, 2021.

The company’s overall asset quality metrics continued to improve and currently sit at historically low levels, with commercial criticized and total nonperforming loans down 2% and 24%, respectively, linked-quarter. Nonperforming assets (NPAs) totaled $51.7 million at March 31, 2022, down $15.2 million, or 23%, from December 31, 2021. During the first quarter of 2022, total nonperforming loans decreased $14.0 million, or 24%, while ORE and foreclosed assets were down $1.2 million, or 16% linked-quarter. Nonperforming assets as a percent of total loans, ORE and other foreclosed assets was 0.24% at March 31, 2022, down 8 bps from December 31, 2021.

Net Interest Income and Net Interest Margin (NIM)

Net interest income (TE) for the first quarter of 2022 was $231.0 million, a decrease of $0.9 million, or less than 1%, from the fourth quarter of 2021.

The net interest margin (NIM) (TE) was 2.81% in the first quarter of 2022, an increase of 1 bp linked-quarter. Changes related to the March 2022 increase in rates and a shift in the mix of earning assets led to a 7 basis point improvement in the earning asset yield, however that was mostly offset by the impact from the forgiveness of almost $200 million in PPP loans (-6 bps).

Average earning assets were $33.2 billion for the first quarter of 2022, up $288.3 million, or 1%, from the fourth quarter of 2021. Management expects the NIM to continue widening in 2022 due to expected future rate hikes.

Noninterest Income

Noninterest income totaled $83.4 million for the first quarter of 2022, down $6.2 million, or 7%, from the fourth quarter of 2021. In the fourth quarter of 2021, noninterest income included a $3.6 million gain from storm-related insurance proceeds (nonoperating item). Adjusting for these items, noninterest income for the first quarter of 2022 was down $2.6 million, or 3%, linked-quarter.

Service charges on deposits were up $0.3 million, or 2%, from the fourth quarter of 2021. The company disclosed via a press release on March 25, 2022 that it would eliminate consumer (retail) non-sufficient funds (NSF) fees and certain overdraft fees by year-end 2022. Those fees are included in the company’s service charges on deposits total.

Bankcard and ATM fees were down $0.2 million, or 1%, from the fourth quarter of 2021. Investment and annuity income and insurance fees were down $0.1 million, or 2%, linked-quarter. Trust fees were down $0.3 million, or 2% linked-quarter.

Fees from secondary mortgage operations totaled $3.7 million for the first quarter of 2022, down $1.7 million, or 31%, linked-quarter. Management expects a continued decline in secondary mortgage fees as rates begin to rise leading to a slowdown in activity compared to 2020’s refinance “boom”.

Other noninterest income totaled $14.9 million, down $4.2 million, or 22%, from the fourth quarter of 2021. The decrease is primarily related to the gain noted last quarter.

Noninterest Expense & Taxes

Noninterest expense totaled $179.9 million, down $2.5 million, or 1% linked-quarter. In the fourth quarter of 2021, noninterest expense included $1.3 million of net nonoperating expenses related primarily to partial reversals of accruals for Hurricane Ida expense and closed branch writedowns. Excluding these items, operating expense for the first quarter of 2022 was down $3.9 million, or 2%, linked-quarter.

Personnel expense totaled $107.4 million in the first quarter of 2022, down $0.7 million, or 1%, linked-quarter. The decrease is mainly related to ongoing savings associated with efficiency initiatives implemented in 2021.

Occupancy and equipment expense totaled $16.5 million in the first quarter of 2022, up $0.5 million, or 3%, from the fourth quarter of 2021. Amortization of intangibles totaled $3.7 million for the first quarter of 2022, down $0.2 million, or 4%, linked-quarter.

Gains on sales of ORE and other foreclosed assets exceeded expenses by $1.8 million in the first quarter of 2022, compared to net expense of $0.2 million in the fourth quarter of 2021. Other operating expense totaled $54.0 million in the first quarter of 2022, down $0.1 million, or less than 1%, linked-quarter.

The effective income tax rate for first quarter 2022 was 20.1%.

Capital

Common stockholders’ equity at March 31, 2022 totaled $3.5 billion, down $219.4 million, or 6%, from December 31, 2021. The tangible common equity (TCE) ratio was 7.15%, down 56 bps from December 31, 2021, mainly the result of a securities portfolio adjustment in AOCI. The company’s CET1 ratio is estimated to be 11.12% at March 31, 2022, up 3 bps linked-quarter. During the first quarter of 2022, the company repurchased 350,000 shares of its common stock at an average price of $52.79 per share. This stock repurchase is part of the Board authorization to repurchase up to 4,338,000 shares of the company’s common stock, set to expire December 31, 2022. To-date the company has repurchased 799,876 shares under this authorization.

Conference Call and Slide Presentation

Management will host a conference call for analysts and investors at 4:00 p.m. Central Time on Tuesday, April 19, 2022 to review these 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 first quarter results are also posted as part of the webcast link. To participate in the Q&A portion of the call, dial 844-200-6205 or 646-904-5544, access code 191325.

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 April 26, 2022 by dialing 866-813-9403 or 929-458-6194, access code 061822.

About Hancock Whitney

Since the late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; certain insurance services; and mortgage services. The company also operates a loan production office in Nashville, Tennessee. More information is available at www.hancockwhitney.com.

Non-GAAP Financial Measures

This news release includes non-GAAP financial measures to describe Hancock Whitney’s performance. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial

statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. The reconciliations of those measures to GAAP measures are provided either in the financial tables or in Appendix A thereto.

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

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

Important Cautionary Statement about Forward-Looking Statements

This news release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit losses, loan growth expectations, management’s predictions about charge-offs for loans, the impact of the COVID-19 pandemic on the economy and our operations, the impacts related to Russia’s military action in Ukraine, the adequacy of our enterprise risk management framework, potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions; the ongoing impact of 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 reporting, the financial impact of regulatory requirements and tax reform legislation, the impact of the change in the referenced rate reform, deposit trends, credit quality trends, the impact of natural or man-made disasters, the impact of PPP loans and forgiveness on our results, changes in interest rates, inflation, net interest margin trends, future expense levels, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts, accretion levels and expected returns.

In addition, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “forecast,” “goals,” “targets,” “initiatives,” “focus,” “potentially,” “probably,” “projects,” “outlook,” or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.”

Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Any forward-looking statement made in this release is subject to the safe harbor protections set forth in the Private Securities Litigation Reform Act of 1995. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021 and in other periodic reports that we file with the SEC.


HANCOCK WHITNEY CORPORATION
QUARTERLY FINANCIAL HIGHLIGHTS
(Unaudited)

	Three Months Ended
(dollars and common share data in thousands, except per share amounts)	3/31/2022			12/31/2021			9/30/2021			6/30/2021			3/31/2021
NET INCOME
Net interest income	$	228,463		$	229,296		$	234,709		$	234,643		$	234,587
Net interest income (TE) (a)		231,008			231,931			237,477			237,497			237,509
Provision for credit losses		(22,527	)		(28,399	)		(26,955	)		(17,229	)		(4,911	)
Noninterest income		83,432			89,612			93,361			94,272			87,089
Noninterest expense		179,939			182,462			194,703			236,770			193,072
Income tax expense		31,005			27,102			30,740			20,656			26,343
Net income	$	123,478		$	137,743		$	129,582		$	88,718		$	107,172
For informational purposes - included above, pre-tax
Nonoperating item included in noninterest income:
Gain on hurricane-related insurance settlement	$	—		$	3,600		$	—		$	—		$	—
Gain on sale of Hancock Horizon Funds		—			—			4,576			—			—
Gain on sale of Mastercard Class B common stock		—			—			—			2,800			—
Nonoperating items included in noninterest expense:
Efficiency initiatives		—			(649	)		(1,867	)		40,812			—
Hurricane related expenses		—			(680	)		5,092			—			—
Loss on redemption of subordinated notes		—			—			—			4,165			—
PERIOD-END BALANCE SHEET DATA
Loans	$	21,323,341		$	21,134,282		$	20,886,015		$	21,148,530		$	21,664,859
Securities		8,481,095			8,552,449			8,308,622			8,633,133			8,005,990
Earning assets		32,997,323			33,610,435			32,348,036			32,075,450			32,134,637
Total assets		36,317,291			36,531,205			35,318,308			35,098,709			35,072,643
Noninterest-bearing deposits		14,976,670			14,392,808			13,653,376			13,406,385			13,174,911
Total deposits		30,499,709			30,465,897			29,208,157			29,273,107			29,210,520
Common stockholders' equity		3,450,951			3,670,352			3,629,766			3,562,901			3,416,903
AVERAGE BALANCE SHEET DATA
Loans	$	21,122,038		$	20,770,130		$	20,941,173		$	21,388,814		$	21,745,298
Securities (b)		8,687,758			8,378,258			8,368,824			8,194,812			7,468,541
Earning assets		33,201,926			32,913,659			32,097,381			32,195,515			31,015,637
Total assets		36,003,803			35,829,027			35,207,960			35,165,684			34,078,200
Noninterest-bearing deposits		14,363,324			14,126,335			13,535,961			13,237,796			12,374,235
Total deposits		30,029,793			29,750,665			29,237,306			29,228,809			28,138,763
Common stockholders' equity		3,607,061			3,642,003			3,606,087			3,488,592			3,441,466
COMMON SHARE DATA
Earnings per share - diluted	$	1.40		$	1.55		$	1.46		$	1.00		$	1.21
Cash dividends per share		0.27			0.27			0.27			0.27			0.27
Book value per share (period-end)		39.91			42.31			41.81			41.03			39.38
Tangible book value per share (period-end)		29.25			31.64			31.10			30.27			28.57
Weighted average number of shares - diluted		86,936			87,132			87,006			86,990			86,805
Period-end number of shares		86,460			86,749			86,823			86,847			86,777
Market data
High sales price	$	59.82		$	53.61		$	48.19		$	50.69		$	47.37
Low sales price		50.25			45.06			39.07			40.25			32.52
Period-end closing price		52.15			50.02			47.12			44.44			42.01
Trading volume		29,005			23,889			22,482			25,570			28,963
PERFORMANCE RATIOS
Return on average assets		1.39	%		1.53	%		1.46	%		1.01	%		1.28	%
Return on average common equity		13.88	%		15.00	%		14.26	%		10.20	%		12.63	%
Return on average tangible common equity		18.66	%		20.13	%		19.22	%		13.94	%		17.38	%
Tangible common equity ratio (c)		7.15	%		7.71	%		7.85	%		7.70	%		7.26	%
Net interest margin (TE)		2.81	%		2.80	%		2.94	%		2.96	%		3.09	%
Noninterest income as a percentage of total revenue (TE)		26.53	%		27.87	%		28.22	%		28.41	%		26.83	%
Efficiency ratio (d)		56.03	%		56.57	%		57.44	%		57.01	%		58.12	%
Average loan/deposit ratio		70.34	%		69.81	%		71.62	%		73.18	%		77.28	%
Allowance for loan losses as a percentage of period-end loans		1.49	%		1.62	%		1.78	%		1.89	%		1.96	%
Allowance for credit losses as a percentage of period-end loans (e)		1.63	%		1.76	%		1.92	%		2.03	%		2.11	%
Annualized net charge-offs to average loans		0.01	%		0.01	%		0.03	%		0.20	%		0.34	%
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due		640.81	%		527.59	%		506.17	%		415.00	%		354.09	%
FTE headcount		3,543			3,486			3,429			3,626			3,926

(a) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(b) Average securities does not include unrealized holding gains/losses on available for sale securities.
(c) The tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets.


(d) The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and nonoperating items.
(e) The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.


HANCOCK WHITNEY CORPORATION
INCOME STATEMENT
(Unaudited)

	Three Months Ended
(in thousands, except per share data)	3/31/2022			12/31/2021			9/30/2021			6/30/2021			3/31/2021
NET INCOME
Interest income	$	236,786		$	238,756		$	244,417		$	248,300		$	250,785
Interest income (TE) (f)		239,331			241,391			247,185			251,154			253,707
Interest expense		8,323			9,460			9,708			13,657			16,198
Net interest income (TE)		231,008			231,931			237,477			237,497			237,509
Provision for credit losses		(22,527	)		(28,399	)		(26,955	)		(17,229	)		(4,911	)
Noninterest income		83,432			89,612			93,361			94,272			87,089
Noninterest expense		179,939			182,462			194,703			236,770			193,072
Income before income taxes		154,483			164,845			160,322			109,374			133,515
Income tax expense		31,005			27,102			30,740			20,656			26,343
Net income	$	123,478		$	137,743		$	129,582		$	88,718		$	107,172
For informational purposes - included above, pre-tax
Nonoperating item included in noninterest income:
Gain on hurricane-related insurance settlement	$	—		$	3,600		$	—		$	—		$	—
Gain on sale of Hancock Horizon Funds		—			—			4,576			—			—
Gain on sale of Mastercard Class B common stock		—			—			—			2,800			—
Nonoperating items included in noninterest expense:
Efficiency initiatives		—			(649	)		(1,867	)		40,812			—
Hurricane related expenses		—			(680	)		5,092			—			—
Loss on redemption of subordinated notes		—			—			—			4,165			—
NONINTEREST INCOME
Service charges on deposit accounts	$	21,674		$	21,346		$	21,159		$	19,381		$	19,146
Trust fees		15,279			15,547			16,041			16,307			15,003
Bank card and ATM fees		20,396			20,638			19,833			20,483			18,120
Investment and annuity fees and insurance commissions		7,427			7,546			7,167			7,331			7,458
Secondary mortgage market operations		3,746			5,456			6,972			12,556			11,710
Other income		14,910			19,079			22,189			18,214			15,652
Total noninterest income	$	83,432		$	89,612		$	93,361		$	94,272		$	87,089
NONINTEREST EXPENSE
Personnel expense	$	107,396		$	108,128		$	111,978		$	142,654		$	119,615
Net occupancy and equipment expense		16,547			16,047			16,868			17,347			17,691
Other real estate and foreclosed assets expense (income), net		(1,764	)		246			(376	)		(86	)		6
Other expense		54,012			54,122			62,151			72,610			51,341
Amortization of intangibles		3,748			3,919			4,082			4,245			4,419
Total noninterest expense	$	179,939		$	182,462		$	194,703		$	236,770		$	193,072
COMMON SHARE DATA
Earnings per share:
Basic	$	1.40		$	1.56		$	1.46		$	1.00		$	1.21
Diluted		1.40			1.55			1.46			1.00			1.21

(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)	3/31/2022			12/31/2021			9/30/2021			6/30/2021			3/31/2021
ASSETS
Commercial non-real estate loans	$	9,584,480		$	9,612,460		$	9,416,990		$	9,532,710		$	10,091,342
Commercial real estate - owner occupied loans		2,868,233			2,821,246			2,812,926			2,809,868			2,795,104
Total commercial and industrial loans		12,452,713			12,433,706			12,229,916			12,342,578			12,886,446
Commercial real estate - income producing loans		3,563,299			3,464,626			3,467,939			3,419,028			3,411,028
Construction and land development loans		1,286,655			1,228,670			1,213,991			1,295,036			1,122,141
Residential mortgage loans		2,462,900			2,423,890			2,351,053			2,412,459			2,488,792
Consumer loans		1,557,774			1,583,390			1,623,116			1,679,429			1,756,452
Total loans		21,323,341			21,134,282			20,886,015			21,148,530			21,664,859
Loans held for sale		59,877			93,069			90,618			90,002			124,677
Securities		8,481,095			8,552,449			8,308,622			8,633,133			8,005,990
Short-term investments		3,133,010			3,830,635			3,062,781			2,203,785			2,339,111
Earning assets		32,997,323			33,610,435			32,348,036			32,075,450			32,134,637
Allowance for loan losses		(317,843	)		(342,065	)		(371,521	)		(399,668	)		(424,360	)
Goodwill and other intangible assets		921,932			925,679			929,599			933,681			937,926
Other assets		2,715,879			2,337,156			2,412,194			2,489,246			2,424,440
Total assets	$	36,317,291		$	36,531,205		$	35,318,308		$	35,098,709		$	35,072,643
LIABILITIES
Noninterest-bearing deposits	$	14,976,670		$	14,392,808		$	13,653,376		$	13,406,385		$	13,174,911
Interest-bearing transaction and savings deposits		11,460,993			11,649,855			11,291,878			11,308,744			11,200,412
Interest-bearing public fund deposits		3,014,307			3,294,607			3,055,388			3,206,799			3,198,523
Time deposits		1,047,739			1,128,627			1,207,515			1,351,179			1,636,674
Total interest-bearing deposits		15,523,039			16,073,089			15,554,781			15,866,722			16,035,609
Total deposits		30,499,709			30,465,897			29,208,157			29,273,107			29,210,520
Short-term borrowings		1,620,302			1,665,061			1,745,228			1,516,508			1,652,747
Long-term debt		240,454			244,220			248,011			248,052			397,583
Other liabilities		505,875			485,675			487,146			498,141			394,890
Total liabilities		32,866,340			32,860,853			31,688,542			31,535,808			31,655,740
COMMON STOCKHOLDERS' EQUITY
Common stock net of treasury and capital surplus		2,051,534			2,065,214			2,084,387			2,080,486			2,073,658
Retained earnings		1,758,693			1,659,073			1,545,181			1,439,553			1,374,688
Accumulated other comprehensive income (loss)		(359,276	)		(53,935	)		198			42,862			(31,443	)
Total common stockholders' equity		3,450,951			3,670,352			3,629,766			3,562,901			3,416,903
Total liabilities & stockholders' equity	$	36,317,291		$	36,531,205		$	35,318,308		$	35,098,709		$	35,072,643
For informational purposes only - included above
SBA Paycheck Protection Program (PPP) loans	$	334,828		$	531,059		$	935,330		$	1,417,523		$	2,345,605
CAPITAL RATIOS
Tangible common equity	$	2,529,019		$	2,744,673		$	2,700,167		$	2,629,220		$	2,478,977
Tier 1 capital (g)		2,963,222			2,890,770			2,799,037			2,692,065			2,622,973
Common equity as a percentage of total assets		9.50	%		10.05	%		10.28	%		10.15	%		9.74	%
Tangible common equity ratio		7.15	%		7.71	%		7.85	%		7.70	%		7.26	%
Leverage (Tier 1) ratio (g)		8.38	%		8.25	%		8.15	%		7.83	%		7.89	%
Common equity tier 1 (CET1) ratio (g)		11.12	%		11.09	%		11.17	%		10.98	%		11.00	%
Tier 1 risk-based capital ratio (g)		11.12	%		11.09	%		11.17	%		10.98	%		11.00	%
Total risk-based capital ratio (g)		12.83	%		12.84	%		13.06	%		12.94	%		13.60	%

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


HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE SHEET
(Unaudited)

	Three Months Ended
(in thousands)	3/31/2022			12/31/2021			3/31/2021
ASSETS
Commercial non-real estate loans	$	9,497,772		$	9,339,223		$	10,053,333
Commercial real estate - owner occupied loans		2,867,252			2,802,894			2,839,135
Total commercial and industrial loans		12,365,024			12,142,117			12,892,468
Commercial real estate - income producing loans		3,510,957			3,462,044			3,367,954
Construction and land development loans		1,243,314			1,198,638			1,073,843
Residential mortgage loans		2,441,359			2,365,798			2,600,492
Consumer loans		1,561,384			1,601,533			1,810,541
Total loans		21,122,038			20,770,130			21,745,298
Loans held for sale		64,271			77,405			111,753
Securities (h)		8,687,758			8,378,258			7,468,541
Short-term investments		3,327,859			3,687,866			1,690,045
Earning assets		33,201,926			32,913,659			31,015,637
Allowance for loan losses		(338,385	)		(362,112	)		(451,830	)
Goodwill and other intangible assets		923,752			927,571			940,074
Other assets		2,216,510			2,349,909			2,574,319
Total assets	$	36,003,803		$	35,829,027		$	34,078,200
LIABILITIES AND COMMON STOCKHOLDERS' EQUITY
Noninterest-bearing deposits	$	14,363,324		$	14,126,335		$	12,374,235
Interest-bearing transaction and savings deposits		11,423,421			11,405,136			10,795,991
Interest-bearing public fund deposits		3,154,540			3,057,776			3,211,077
Time deposits		1,088,508			1,161,418			1,757,460
Total interest-bearing deposits		15,666,469			15,624,330			15,764,528
Total deposits		30,029,793			29,750,665			28,138,763
Short-term borrowings		1,689,906			1,691,579			1,688,368
Long-term debt		241,828			245,369			396,731
Other liabilities		435,215			499,411			412,872
Common stockholders' equity		3,607,061			3,642,003			3,441,466
Total liabilities & stockholders' equity	$	36,003,803		$	35,829,027		$	34,078,200
For informational purposes only - included above
SBA Paycheck Protection Program (PPP) loans	$	430,363		$	708,435		$	2,191,284

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


HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY
(Unaudited)

	Three Months Ended
	3/31/2022							12/31/2021							3/31/2021
(dollars in millions)	Average Balance		Interest		Rate			Average Balance		Interest		Rate			Average Balance		Interest		Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i)	$	17,119.3	$	150.3		3.56	%	$	16,802.8	$	150.7		3.56	%	$	17,334.3	$	155.9		3.65	%
Residential mortgage loans		2,441.3		21.0		3.44	%		2,365.8		20.5		3.46	%		2,600.5		24.7		3.79	%
Consumer loans		1,561.4		18.4		4.77	%		1,601.5		18.9		4.68	%		1,810.5		21.4		4.79	%
Loan fees & late charges		—		4.4		0.00	%		—		10.3		0.00	%		—		13.4		0.00	%
Total loans (TE) (j) (k)		21,122.0		194.1		3.72	%		20,770.1		200.4		3.83	%		21,745.3		215.4		4.01	%
Loans held for sale		64.3		0.7		4.36	%		77.4		0.6		3.02	%		111.8		0.7		2.41	%
US Treasury and government agency securities		397.8		1.6		1.64	%		418.4		1.6		1.60	%		214.5		0.9		1.77	%
CMOs and mortgage backed securities		7,352.5		34.5		1.88	%		7,019.6		30.5		1.74	%		6,307.9		29.4		1.86	%
Municipals (TE)		916.5		6.7		2.93	%		924.1		6.8		2.93	%		934.5		6.8		2.93	%
Other securities		21.0		0.2		3.31	%		16.2		0.1		3.50	%		11.6		0.1		4.07	%
Total securities (TE) (l)		8,687.8		43.0		1.98	%		8,378.3		39.0		1.86	%		7,468.5		37.2		2.00	%
Total short-term investments		3,327.8		1.5		0.19	%		3,687.9		1.4		0.15	%		1,690.0		0.4		0.10	%
Average earning assets yield (TE)	$	33,201.9	$	239.3		2.91	%	$	32,913.7	$	241.4		2.92	%	$	31,015.6	$	253.7		3.30	%
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits	$	11,423.4	$	1.1		0.04	%	$	11,405.1	$	1.3		0.04	%	$	10,796.0	$	3.4		0.13	%
Time deposits		1,088.5		0.6		0.24	%		1,161.4		0.8		0.27	%		1,757.4		3.0		0.69	%
Public funds		3,154.6		2.1		0.26	%		3,057.8		2.8		0.36	%		3,211.1		2.8		0.36	%
Total interest-bearing deposits		15,666.5		3.8		0.10	%		15,624.3		4.9		0.12	%		15,764.5		9.2		0.24	%
Short-term borrowings		1,689.9		1.4		0.34	%		1,691.6		1.5		0.34	%		1,688.4		1.5		0.36	%
Long-term debt		241.8		3.1		5.17	%		245.4		3.1		5.12	%		396.7		5.5		5.48	%
Total borrowings		1,931.7		4.5		0.95	%		1,937.0		4.6		0.95	%		2,085.1		7.0		1.34	%
Total interest-bearing liabilities cost		17,598.2		8.3		0.19	%		17,561.3		9.5		0.21	%		17,849.6		16.2		0.37	%
Net interest-free funding sources		15,603.7							15,352.4							13,166.0
Total cost of funds		33,201.9		8.3		0.10	%		32,913.7		9.5		0.11	%		31,015.6		16.2		0.21	%
Net Interest Spread (TE)			$	231.0		2.72	%			$	231.9		2.70	%			$	237.5		2.94	%
Net Interest Margin (TE)	$	33,201.9	$	231.0		2.81	%	$	32,913.7	$	231.9		2.80	%	$	31,015.6	$	237.5		3.09	%

(i) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(j) Includes nonaccrual loans.
(k) Included in interest income is net purchase accounting accretion of $1.5 million, $1.9 million and $3.5 million for the three months ended March 31, 2022, December 31, 2021 and March 31, 2021, respectively.
(l) Average securities does not include unrealized holding gains/losses on available for sale securities.


HANCOCK WHITNEY CORPORATION
ASSET QUALITY INFORMATION
(Unaudited)

	Three Months Ended
(dollars in thousands)	3/31/2022			12/31/2021			3/31/2021
Nonaccrual loans (m)	$	42,439		$	55,523		$	108,434
Restructured loans - still accruing		2,903			3,788			6,320
Total nonperforming loans		45,342			59,311			114,754
ORE and foreclosed assets		6,345			7,533			9,467
Total nonperforming assets	$	51,687		$	66,844		$	124,221
Nonperforming assets as a percentage of loans, ORE and foreclosed assets		0.24	%		0.32	%		0.57	%
Accruing loans 90 days past due (n)	$	4,258		$	5,524		$	5,090
Accruing loans 90 days past due as a percentage of loans		0.02	%		0.03	%		0.02	%
Nonperforming assets + accuring loans 90 days past due to loans, ORE and foreclosed assets		0.26	%		0.34	%		0.60	%
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for Loan Losses:
Beginning balance	$	342,065		$	371,521		$	450,177
Provision for loan losses		(23,903	)		(28,787	)		(7,563	)
Charge-offs		(5,385	)		(6,155	)		(22,104	)
Recoveries		5,066			5,486			3,850
Net charge-offs		(319	)		(669	)		(18,254	)
Ending Balance	$	317,843		$	342,065		$	424,360
Reserve for Unfunded Lending Commitments:
Beginning balance	$	29,334		$	28,946		$	29,907
Provision for losses on unfunded lending commitments		1,376			388			2,652
Ending balance	$	30,710		$	29,334		$	32,559
Total Allowance for Credit Losses	$	348,553		$	371,399		$	456,919
Total Provision for Credit Losses	$	(22,527	)	$	(28,399	)	$	(4,911	)
Allowance for loan losses as a percentage of period-end loans		1.49	%		1.62	%		1.96	%
Allowance for credit losses as a percentage of period-end loans		1.63	%		1.76	%		2.11	%
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due		640.81	%		527.59	%		354.09	%
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries):
Commercial & real estate loans	$	(814	)	$	(502	)	$	16,206
Residential mortgage loans		(19	)		(31	)		(97	)
Consumer loans		1,152			1,202			2,145
Total net charge-offs	$	319		$	669		$	18,254
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans		(0.02	)%		(0.01	)%		0.38	%
Residential mortgage loans		(0.00	)%		(0.01	)%		(0.02	)%
Consumer loans		0.30	%		0.30	%		0.48	%
Total net charge-offs as a percentage of average loans		0.01	%		0.01	%		0.34	%

(m) Included in nonaccrual loans are nonaccruing restructured loans totaling $3.6 million, $6.8 million and $7.2 million at March 31, 2022, December 31, 2021 and March 31, 2022, respectively.
(n) Excludes 90+ accruing loan troubled debt restructured loans already reflected in total nonperforming loans of $1.8 million at March 31, 2021.


HANCOCK WHITNEY CORPORATION
ASSET QUALITY INFORMATION
(Unaudited)

	Three Months Ended
(dollars in thousands)	3/31/2022			12/31/2021			9/30/2021			6/30/2021			3/31/2021
Nonaccrual loans (m)	$	42,439		$	55,523		$	60,357		$	83,551		$	108,434
Restructured loans - still accruing		2,903			3,788			3,071			3,830			6,320
Total nonperforming loans		45,342			59,311			63,428			87,381			114,754
ORE and foreclosed assets		6,345			7,533			8,423			10,201			9,467
Total nonperforming assets	$	51,687		$	66,844		$	71,851		$	97,582		$	124,221
Nonperforming assets as a percentage of loans, ORE and foreclosed assets		0.24	%		0.32	%		0.34	%		0.46	%		0.57	%
Accruing loans 90 days past due (n)	$	4,258		$	5,524		$	9,970		$	8,925		$	5,090
Accruing loans 90 days past due as a percentage of loans		0.02	%		0.03	%		0.05	%		0.04	%		0.02	%
Nonperforming assets + accruing loans 90 days past due to loans, ORE and foreclosed assets		0.26	%		0.34	%		0.39	%		0.50	%		0.60	%
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for loan losses	$	317,843		$	342,065		$	371,521		$	399,668		$	424,360
Reserve for unfunded lending commitments		30,710			29,334			28,946			29,524			32,559
Total allowance for credit losses	$	348,553		$	371,399		$	400,467		$	429,192		$	456,919
Total provision for credit losses	$	(22,527	)	$	(28,399	)	$	(26,955	)	$	(17,229	)	$	(4,911	)
Allowance for loan losses as a percentage of period-end loans		1.49	%		1.62	%		1.78	%		1.89	%		1.96	%
Allowance for credit losses as a percentage of period-end loans		1.63	%		1.76	%		1.92	%		2.03	%		2.11	%
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due		640.81	%		527.59	%		506.17	%		415.00	%		354.09	%
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries)
Commercial & real estate loans	$	(814	)	$	(502	)	$	536		$	9,257		$	16,206
Residential mortgage loans		(19	)		(31	)		(485	)		(133	)		(97	)
Consumer loans		1,152			1,202			1,719			1,374			2,145
Total net charge-offs	$	319		$	669		$	1,770		$	10,498		$	18,254
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans		(0.02	)%		(0.01	)%		0.01	%		0.22	%		0.38	%
Residential mortgage loans		(0.00	)%		(0.01	)%		(0.08	)%		(0.02	)%		(0.02	)%
Consumer loans		0.30	%		0.30	%		0.41	%		0.32	%		0.48	%
Total net charge-offs as a percentage of average loans:		0.01	%		0.01	%		0.03	%		0.20	%		0.34	%
AVERAGE LOANS
Commercial & real estate loans	$	17,119,295		$	16,802,799		$	16,918,343		$	17,233,112		$	17,334,265
Residential mortgage loans		2,441,359			2,365,798			2,376,500			2,442,956			2,600,492
Consumer loans		1,561,384			1,601,533			1,646,330			1,712,746			1,810,541
Total average loans	$	21,122,038		$	20,770,130		$	20,941,173		$	21,388,814		$	21,745,298

(m) Included in nonaccrual loans are nonaccruing restructured loans totaling $3.6 million, $6.8 million, $7.2 million, $6.8 million and $7.2 million at March 31, 2022, December 31, 2021, September 30, 2021, June 30, 2021 and March 31, 2021, respectively.
(n) Excludes 90+ accruing loan troubled debt restructured loans already reflected in total nonperforming loans of $1.8 million at March 31, 2021.


HANCOCK WHITNEY CORPORATION
Appendix A to the Earnings Release
Reconciliation of Non-GAAP Measure

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

	Three Months Ended
(in thousands)	3/31/2022			12/31/2021			9/30/2021			6/30/2021			3/31/2021
Net interest income	$	228,463		$	229,296		$	234,709		$	234,643		$	234,587
Noninterest income		83,432			89,612			93,361			94,272			87,089
Total revenue		311,895			318,908			328,070			328,915			321,676
Taxable equivalent adjustment (o)		2,545			2,635			2,768			2,854			2,922
Nonoperating revenue		—			(3,600	)		(4,576	)		(2,800	)		—
Operating revenue (TE)		314,440			317,943			326,262			328,969			324,598
Noninterest expense		(179,939	)		(182,462	)		(194,703	)		(236,770	)		(193,072	)
Nonoperating expense		—			(1,329	)		3,225			44,977			—
Operating pre-provision net revenue (TE)	$	134,501		$	134,152		$	134,784		$	137,176		$	131,526

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

First Quarter 2022Earnings Conference Call 4/19/2022 HANCOCK WHITNEY Exhibit 99.2

This presentation contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit losses, loan growth expectations, management’s predictions about charge-offs for loans, the impact of the COVID-19 pandemic on the economy and our operations, the impacts related to Russia’s military action in Ukraine, the adequacy of our enterprise risk management framework, potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions; the ongoing impact of 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 reporting, the financial impact of regulatory requirements and tax reform legislation, the impact of the change in the referenced rate reform, deposit trends, credit quality trends, the impact of natural or man-made disasters, the impact of PPP loans and forgiveness on our results, changes in interest rates, inflation, net interest margin trends, future expense levels, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts, accretion levels and expected returns. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “forecast,” “goals,” “targets,” “initiatives,” “focus,” “potentially,” “probably,” “projects,” “outlook," or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. 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, 2021 and in other periodic reports that we file with the SEC. Important cautionary statement about forward-looking statements HNCOCK WHITNEY 2

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

Corporate Profile (as of March 31, 2022) $36.3 billion in Total Assets $21.3 billion in Total Loans $30.5 billion in Total Deposits CET1 ratio 11.12%(e) Tangible Common Equity (TCE) ratio 7.15% $4.5 billion in Market Capitalization 177 banking locations and 238 ATMs across our footprint Approximately 3,500 (FTE) employees corporate-wide Moody’s long-term issuer rating: Baa3; outlook stable S&P long-term issuer rating: BBB; outlook stable Recognized for top client satisfaction ranking by J.D. Power Rated among the strongest, safest financial institutions in the country by BauerFinancial, Inc. for 130 consecutive quarters Earned top customer service marks with Greenwich Excellence Awards Diversity, equity and inclusion (DEI) are fundamental to the spirit of HWC’s purpose, mission and values HWC Nasdaq Listed HNCOCK WHITNEY 4

First Quarter 2022 Highlights Net income totaled $123.5 million, or $1.40 per diluted share, down $14.3 million, or $0.15 per share, linked quarter Operating pre-provision net revenue (PPNR)* totaled $134.5 million, up slightly, linked-quarter Core loan growth of $385.3 million, or 8% LQA, more than offset the impact of $196.2 million in PPP loan forgiveness, leading to an overall increase in total loans of $189.1 million Deposits increased $33.8 million, or less than 1% LQA, as the mix shifted from interest-bearing to noninterest-bearing Demand deposits (DDA) increased $583.9 million A decrease of $550.1 million in interest-bearing deposits ACL coverage remained strong at 1.63% (1.66% excl PPP loans) Nonperforming loans and criticized commercial loans declined 24% and 2%, respectively linked-quarter NIM widened 1 basis point to 2.81% CET1 ratio estimated at 11.12%, up 3 bps; TCE ratio 7.15%, down 56 bps, both linked-quarter ($s in millions; except per share data) 1Q22 4Q21 1Q21 Net Income $123.5 $137.7 $107.2 Provision for credit losses (22.5) (28.4) (4.9) Net nonoperating (income)/expense items ─ (4.9) ─ Earnings Per Share – diluted $1.40 $1.55 $1.21 Return on Assets (%) (ROA) 1.39 1.53 1.28 Return on Tangible Common Equity (%) (ROTCE) 18.66 20.13 17.38 Net Interest Margin (TE) (%) 2.81 2.80 3.09 Net Charge-offs (%) 0.01 0.01 0.34 CET1 Ratio (%) 11.12(e) 11.09 11.00 Tangible Common Equity (%) 7.15 7.71 7.26 Pre-Provision Net Revenue (TE)* $134.5 $134.2 $131.5 Efficiency Ratio (%) 56.0 56.6 58.1 *Non-GAAP measure: see appendix for non-GAAP reconciliation

Loans totaled $21.3 billion, up $189.1 million, net, linked-quarter $385.3 million in core loan growth, or 8% LQA $196.2 million in PPP loan forgiveness Quarterly core loan growth (excl PPP) impacted by: Loan pipeline pull-through rate and increased line utilization Commercial growth across footprint Tailwinds and headwinds to future core loan growth: Tailwinds: Improvement in economic activity across our footprint Deployment of excess liquidity Improvement of utilization rates Headwinds: Amortizing only indirect portfolio No new production planned in the energy sector Unusually higher than projected payoffs and paydowns Core Loan Growth Momentum Continued in 1Q22 Bar Chart

Yield on New Loans Improving, Helped By Rate Environment $ in millions * Excluding PPP loans

Paycheck Protection Program (PPP) Loans Under the original and extended Paycheck Protection Programs (PPP), the company originated more than 20,000 loans totaling $3.3 billion During 1Q22, $196.2 million in PPP loans were forgiven Expect majority of remaining PPP loans to be forgiven in 2Q22; minimal impact from PPP in 2H22 Unamortized fees totaled $3.0 million as of March 31, 2022 Quarterly Impact $ in millionsexcept per share data EOP PPP Net Income PPNR Fees Amortized NIM EPS 2Q20 $2,287 $12.8 $16.2 $13.0 0.05% $0.15 3Q20 2,324 15.3 19.3 17.0 0.06% 0.17 4Q20 2,005 14.7 18.6 15.7 0.05% 0.17 1Q21 2,346 14.3 18.2 14.2 0.04% 0.16 2Q21 1,418 15.8 20.0 16.9 0.09% 0.18 3Q21 935 11.9 15.3 14.4 0.11% 0.13 4Q21 531 8.4 10.9 10.3 0.09% 0.09 1Q22 335 3.7 4.8 4.3 0.03% 0.04 West 25% Central 39% East 36% HNCOCK WHITNEY 7

NPLs, Criticized Commercial Loans Decline to Historically Low Levels Criticized commercial loans totaled $282 million, or 1.66% of total commercial loans (excluding PPP loans), at March 31, 2022, down $5 million, or 2%, linked-quarter and down $66 million, or 19%, from a year ago Nonperforming loans totaled $45 million, or 0.22% of total loans (excluding PPP loans), at March 31, 2022, down $14 million, or 24%, linked-quarter and down $70 million, or 61%, from a year ago *Ratios exclude PPP loans 2.31% 0.59% 1.73% Total Loans excl. PPP $19,319 $19,731 $19,951 $20,603 $20,989 Total Commercial Loans excl. PPP 15,074 15,639 15,977 16,596 16,968 Criticized Commercial Loans 348 330 294 287 282 Total Nonperforming Loans 115 87 63 59 45 2.11% 0.44% 1.84% 0.32% 0.29% 1.66% 0.22% $700 $600 $500 $400 $300 $200 $100 $0 3Q20 4Q20 1Q21 2Q21 3Q21 HNCOCK WHITNEY 12

Modest Reserve Releases Expected to Taper Off Negative provision for the quarter of ($22.5) million, reflects $0.3 million of net charge-offs and a reserve release of $22.8 million Weighting applied to Moody's March 2022 economic scenarios was 40% baseline and 60% slower growth (S2), consistent with prior quarter Scenario mix and weighting captures potential for slower near term economic growth than provided for in the baseline scenario Significant assumptions in economic forecasts include varied outcomes of the conflict between Russia and Ukraine and resolution of worldwide inflationary pressures Net Charge-offs Reserve Release Total Provision ($s in millions) 1Q22 4Q21 1Q22 4Q21 1Q22 4Q21 Commercial ($0.8) ($0.5) ($16.5) ($27.3) ($17.3) ($27.8) Mortgage --- --- (4.3) (0.4) (4.3) (0.4) Consumer 1.1 1.2 (2.0) (1.4) (0.9) (0.2) Total $0.3 $0.7 ($22.8) ($29.1) ($22.5) ($28.4) 3/31/2022 12/31/2021 Portfolio ($ in millions) Amount % of Loan and Leases Outstanding Amount % of Loan and Leases Outstanding Commercial (excluding PPP) $262 1.54% $279 1.68% Mortgage 26 1.07% 30 1.26% Consumer 30 1.88% 32 2.02% PPP Loans --- 0.10% 1 0.10% Allowance for Loan and Lease Losses $318 1.49% $342 1.62% Reserve for Unfunded Lending Commitments 31 --- 29 --- Allowance for Credit Losses $349 1.63% $371 1.76% Allowance for Credit Losses – Excluding PPP Loans $348 1.66% $370 1.80%

Securities Portfolio Positioned for Rising Rates Securities portfolio (excluding unrealized gains) totaled $8.9 billion, up $318 million, or 4%, linked-quarter Shift in mix from AFS to HTM 28% HTM, 72% AFS at 3/31/22 18% HTM, 82% AFS at 12/31/21 $1.7 billion of FV hedges on $1.9 billion of bonds, or 27% of AFS securities, reduce OCI volatility and provide flexibility to reposition and/or reprice the hedged assets in a changing rate environment Yield 1.98%, up 12 bps linked-quarter Purchases during 1Q22 of $620 million at yield of 2.13% included $344 million of liquidity deployment and $276 million in reinvestment of runoff on bond portfolio Unrealized net loss of $387.0 million of AFS at March 31, 2022 compared to a $2.2 million unrealized net gain at December 31, 2021 Premium amortization totaled $11.5 million, down $0.7 million linked-quarter Effective duration of 4.47 years at March 31, 2022 compared to 4.25 years at December 31, 2021 Securities Portfolio Mix 12/31/20 $s in millions CMBS $2,873 41% CMO $513 7% U.S. Agencies and other $219 3% RMBS $2,582 36% Munis $936 13% HNCOCK WHITNEY 15 Bar chart,pie chart

Deposits Virtually Unchanged, Mix Shift to Almost Half DDA Total deposits of $30.5 billion, up $33.8 million, or less than 1%, linked-quarter Noninterest-bearing demand deposits (DDAs) increased $583.9 million due to hurricane recovery proceeds and seasonal deposit inflows Interest-bearing transaction and savings deposits decreased $188.9 million Interest-bearing public fund deposits decreased $280.3 million primarily related to expected runoff in the first quarter of each year Time deposits decreased $80.9 million, with a portion moving to transaction accounts in light of the low rate environment DDAs comprised 49% of total period-end deposits March cost of deposits 5 bps, down 1 bp from December 2021 Total Deposits 12/31/20 $s in millions Time Deposits (retail) $1,835 7% Time Deposits (brokered) $14 ― Interest-bearing public funds $3,235 12% Interest-bearing transaction & savings $10,414 37% Noninterest bearing $12,200 44% $s in billions Avg Qtrly Deposits LQA EOP growth $28.0 $26.0 $24.0 $22.0 $20.0 $18.0 $16.0 1Q20 $24.3 20% 2Q20 $26.7 37% 3Q20 $26.8 -4% 4Q20 $27.0 10% 1Q21 $27.0 10% HNCOCK WHITNEY 15 Bar chart,pie chart

Net interest margin (NIM) 2.81%, up 1 bp linked-quarter Net interest income (TE) virtually unchanged linked-quarter despite two less business days in 1Q22 NIM Headwinds: PPP loan forgiveness 2Q22 Continued elevated excess liquidity NIM Tailwinds: Deployment of excess liquidity into loans/bonds Future rate increases NIM Begins to Widen as Rates Begin to Rise Cost of Deposits 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% Mar-20 Apr-20 May-20 Jun 20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Mar-21e .59% .41% .33% .29% .25% .21% .20% .19% .17% .17% .13% 3.40% 3.30% 3.20% 3.10% 3.00% 2.90% 2.80% 3Q20 NIM (TE) Impact of Securities Portfolio Purchase/Premium amortization Impact of change in earnings asset mix Lower cost of deposits Net impact of interest reversals and recoveries/loan fees accretion 4Q20 NIM (TE) 0.02% 0.06% 0.05% 0.02% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 4Q19 1Q20 2Q20 3Q20 4Q20 4.69% 3.43% 2.56% 0.76% 4.56% 3.41% 2.53% 0.67% 4.04% 3.23% 2.47% 0.38% 3.95% 3.23% 2.31% 0.30% 3.99% 3.22% 2.23% 0.25% Loan Yield Securities Yield Cost of Fund NIM HNCOCK WHITNEY 18 Line chart

Loans Loans, excluding PPP, totaled $21.0 billion at March 31, 2022 57% variable, 43% fixed 55% ($6.6 billion) of variable loans are LIBOR-based (31% of loan portfolio excluding PPP) 33% ($4.0 billion) of variable loans tied to Wall Street Journal Prime $3.2 billion of variable loans have a floor ≥ 50 bps Securities 1Q22 purchases of $620 million ($344 million with excess liquidity and $276 million in reinvestment of runoff on bond portfolio) at an average yield of 2.13% Will continue similar investment strategy to grow portfolio approximately $300 million per quarter through 4Q22 Swaps/ Hedges (See slide 29 for more information) $1.3 billion of active receive fixed/pay 1 month LIBOR swaps designated as Cash Flow Hedges on the balance sheet; provides NII support $1.7 billion of pay fixed/receive Fed Effective swaps designated as Fair Value Hedges on $1.9 billion of securities; provides OCI protection and flexibility to reposition and/or reprice the hedged assets in a changing rate environment Deposits Deposits totaled $30.5 billion at March 31, 2022 87% of deposits are low-interest (MMDA, savings) or noninterest bearing (DDA) Expect shift in deposit mix as interest rates begin to rise Rate Betas Historical loan betas 48% (4Q15 – 3Q19) Historical deposit betas 25% (4Q15 – 3Q19, excluding brokered CDs) 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% IRR Sensitivity Information Rate Floors Floor Rate Balance * Balance Cumulative 50-74 bps $741 million $741 million 75-99 bps $599 million $1.3 billion 100-125 bps $1.5 billion $2.8 billion 126-200 bps $266 million $3.1 billion > 200 bps $115 million $3.2 billion *excludes mortgage, credit cards, HELOCs IRR Sensitivity Table HWC HWC (Hedges Removed) As of 1Q22 As of 1Q22 Immediate 100 bps 6.8% 8.0% Gradual 100 bps 3.1% 3.5% Gradual 200 bps 6.6% 7.6%

Secondary Mortgage Fees and Specialty Income Drive Decline Noninterest income totaled $83.4 million, down $6.2 million, or 7% linked-quarter Secondary mortgage fees impacted by a rising rate environment resulting in a lower level of refinance activity The decrease in other noninterest income is primarily related to a $3.6 million gain from insurance proceeds in 4Q21, and a lower level of specialty fees Noninterest Income Mix 3/31/22 $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

Efficiency Initiatives Keep Expenses Manageable Noninterest expense totaled $179.9 million, down $2.5 million, or 1% linked-quarter Personnel expense continues to reflect recent efficiency initiatives Professional expenses down from lower consulting and legal fees Gain on sales of ORE and other foreclosed assets exceeded expenses by $1.8 million Increase in other expenses mainly related to nonoperating items in 4Q21 Noninterest Expense Mix 3/31/22 $s in millions A Focus on Expense Control; More Initiatives Underway Noninterest expense totaled $193.1 million, down $2.7 million, or 1% LQ Decline in personnel expense related to savings from efficiency measures taken to-date, including staff attrition and recent financial center closures Increase in other expenses mainly related to nonrecurring hurricane expense and branch closures Expense reduction initiatives to-date Closed 12 financial centers in 4Q20 8 additional financial centers closures announced in 1Q21 Ongoing branch rationalization reviews Closed Wealth Management trust offices in the NE corridor FTE down 210 compared to June 30, 2020 through staff attrition and other initiatives Early retirement package offered to select employees in 1Q21 Expect 1Q21 expenses to be flat as efficiency initiatives continue and offset typical beginning of the year increases; does not include nonrecurring charges for certain initiatives (i.e. early retirement)

Solid Capital, TCE Impacted By OCI CET1 ratio estimated at 11.12%, up 3 bps linked-quarter TCE ratio 7.15%, down 56 bps LQ Impact of OCI -86 bps Dividends -7 bps Stock buyback -5 bps Tangible net earnings +36 bps Change in tangible assets +4 bps Stock Compensation and other +2 bps Repurchased 350,000 shares of common stock during 1Q22 at an average price of $52.79 per share Will continue to manage capital in the best interests of the Company and our shareholders; our priorities are: Organic growth Dividends Buybacks M&A Tangible Common Equity Ratio Leverage (Tier 1) Ratio CET1 Ratio and Tier 1 Risked-Based Capital Ratio Total Risk-Based Capital Ratio March 31, 2022 7.15% 8.38%(e) 11.12%(e) 12.83%(e) December 31, 2021 7.71% 8.25% 11.09% 12.84% September 30, 2021 7.85% 8.15% 11.17% 13.06% June 30, 2021 7.70% 7.83% 10.98% 12.94% March 31, 2021 7.26% 7.89% 11.00% 13.60% (e) Estimated for most recent period-end Capital Rebuild Continues After 1H20 De-Risking Activities TCE ratio 7.64%, up 11 bps LQ (7.99% excluding PPP loans) Tangible net earnings +34 bps Change in tangible assets/additional excess liquidity -10 bps Dividends -7 bps Change in OCI & other -6 bps CET1 ratio 10.70%, up 40 bps linked-quarter Intend to pay quarterly dividend in consultation with examiners; board reviews dividend policy quarterly Buybacks on hold Tangible Common Equity Ratio Leverage (Tier 1) Ratio CET1 Ratio and Tier 1 Risked-Based Capital Ratio Total Risk-Based Capital Ratio December 31, 2020 7.64% 7.87%(e) 10.70%(e) 13.31%(e) September 30, 2020 7.53% 7.70% 10.30% 12.92% June 30, 2020 7.33% 7.37% 9.78% 12.36% March 31, 2020 8.00% 8.40% 10.02% 11.87% December 31, 2019 8.45% 8.76% 10.50% 11.90% (e) Estimated for most recent period-end; effective March 31, 2020 regulatory capital ratios reflect the election to use the five-year CECL transition rules

2022 Forward Guidance Q1 2022 Actual FY 2022 Outlook ** Core Loans (EOP) (excl PPP loans) * $21.0B (excl PPP loans) Expect 6-8% EOP core loan growth from $20.6B at 12/31/21; quarterly results will reflect normal seasonality Deposits (EOP) $30.5B Expect EOP deposits to remain flat to slightly down from $30.5B at 12/31/21 Net Interest Margin (NIM) 2.81% Expect NIM to widen (see slide 19) Reserve for Credit Losses $348.6MM or 1.63% of total loans Future assumptions in economic forecasts and our own asset quality metrics will drive level of reserves; we currently expect reserve releases will continue to taper off over the next few quarters Noninterest Income $83.4MM Expect noninterest income to be down 1%-3% from FY 21 ($353.4MM) due primarily to lower secondary mortgage fees Noninterest Expense $179.9MM Expect operating expense to be down approximately 2%-3% from FY21 ($760.1MM) Effective Tax Rate 20.1% 19%-21% Efficiency Ratio 56.03% 55% by 4Q22 3-Year Corporate Strategic Objectives (CSOs) to be achieved by 4Q24 ** 2021 Actual 2021 Actual excluding nonoperating items, PPP and negative PLLL Objective ROA 1.32% 1.12% 1.35% - 1.45% TCE 7.71% NA > 8% ROTCE 17.74% 14.39% > 15% Efficiency Ratio 57.29% 60.62% ≤ 55% * See slide 8 for details on PPP loans ** 2022 guidance and 3 year CSOs do not include future rate increases

Additional Guidance Related to Future Rate Increases 2022 annual guidance and CSOs do not include impacts of future interest rate changes Future rate increases are a tailwind for revenue and we could achieve our 55% efficiency ratio target sooner than 4Q22 We do not expect future rate increases to slow loan growth expectations at this time Deposit betas key to maximizing impact of higher rates on NIM Potential Future FF Rates(current rate = 50 bps) Amount of Floors to Reset Remaining Amount of Floors ($ and %) Potential NIM Impact 75 bps $741MM $2.5B (63%) +4-6 bps 100 bps $599MM $1.9B (48%) +4-6 bps 125 bps $1.5B $400MM (10%) +4-6 bps 150 bps $165MM $215MM (6%) +3-5 bps 175 bps $64MM $152MM (4%) +3-5 bps 200 bps $37MM $115MM (3%) +3-5 bps

Efficiency ratio target of 55% to be achieved by 4Q22 Successfully implemented efficiency initiatives during 2021 Thoughtful execution of revenue and efficiency strategies will continue throughout 2022: Continued momentum in core loan growth Maintain our focus on expense management in 2022 Additional efficiency initiatives (e.g. strategic procurement) help to offset inflationary pressure and revenue investments Deployment of excess liquidity into loans and then reinvestment in the bond portfolio Expense Catalyst: successful execution of efficiency efforts 55% Efficiency Ratio May Be Achieved Soon Revenue Catalyst: new banker hires 10 new bankers were added in growth or new markets across the footprint, in 1Q22 (15 added in 2H21), including middle market, commercial and healthcare, with more planned for 2022 ER Progress to-date 1Q20A 1Q22A Change Branches 215 177 -38 FTE 4,148 3,543 -605 Operating Expense $203.3 million $179.9 million ($23.4) million or -12% Efficiency Ratio 62.1% 56.0% -610 bps Dallas, TX +2 San Antonio, TX +1 Austin +1 Houston, TX +1 Beaumont, TX +1 Nashville, TN +1 Tampa, FL +2 Lafayette +1 Target

Strategic Plan Designed To Provide Meaningful Shareholder Returns Updated CSOs Recover value and establish forward momentum Employer of Choice Path to 55% Efficiency Ratio Expense focus continues in order to fund revenue enhancements Revenue enhancements are the main driver in achieving goal by 4Q22 Leverage current infrastructure for growth Regain pre-pandemic pace Demonstrate ability to manage any perceived credit overhang Attract, develop, retain top talent (i.e., new banker hires in growth markets) Remain source of strength for clients, associates, and communities ESG will remain an important part of our corporate strategy Rate hikes present a tailwind to achieving this goal

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

Summary Income Statement ($ in millions, except for per share data) *Non-GAAP measure: see slide 27 for non-GAAP reconciliation Change 1Q22 4Q21 1Q21 LQ Prior Year Net Interest Income (TE) 231.0 231.9 237.5 (0.9) (6.5) Provision for Credit Losses (22.5) (28.4) (4.9) 5.9 (17.6) Noninterest Income 83.4 89.6 87.1 (6.2) (3.7) Noninterest Expense 179.9 182.5 193.1 (2.6) (13.2) Income before Income Tax 154.5 164.8 133.5 (10.3) 21.0 Income Tax Expense 31.0 27.1 26.3 3.9 4.7 Net Income 123.5 137.7 107.2 (14.2) 16.3 Operating PPNR (TE)* 134.5 134.2 131.5 0.3 3.0 Net Income 123.5 137.7 107.2 (14.2) 16.3 Net Income allocated to participating securities (1.9) (2.5) (2.3) 0.6 0.4 Net Income available to common shareholders 121.6 135.2 104.9 (13.6) 16.7 Weighted average common shares – diluted (millions) 86.9 87.1 86.8 (0.2) 0.1 Reported EPS 1.40 1.55 1.21 (0.15) 0.19 NIM 2.81% 2.80% 3.09% 1 bp -28 bps ROA 1.39% 1.53% 1.28% -14 bps 11 bps ROE 13.88% 15.00% 12.63% -112 bps 125 bps Efficiency Ratio 56.03% 56.57% 58.12% -54 bps -209 bps

Summary Balance Sheet ($ in millions) 1Q22 includes $0.3 billion, 4Q21 includes $0.5 billion and 1Q21 includes $2.3 billion in PPP loans, net 1Q22 includes $0.4 billion, 4Q21 includes $0.7 billion and 1Q21 includes $2.2 billion in average PPP loans, net Average securities excludes unrealized gain/(loss) Summary Balance Sheet ($ in millions) 4Q20 and YTD 2020 include $2.0 billion and 3Q20 included $2.3 billion in PPP loans, net Average securities excludes unrealized gain /(loss) Change 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 1Q22 4Q21 1Q21 LQ Prior Year EOP Balance Sheet Loans (1) 21,323.3 21,134.3 21,664.9 189.0 (341.6) Securities 8,481.1 8,552.4 8,006.0 (71.3) 475.1 Earning Assets 32,997.3 33,610.4 32,134.6 (613.1) 862.7 Total Assets 36,317.3 36,531.2 35,072.6 (213.9) 1,244.7 Deposits 30,499.7 30,465.9 29,210.5 33.8 1,289.2 Short-term borrowings 1,620.3 1,665.1 1,652.7 (44.8) (32.4) Total Liabilities 32,866.3 32,860.9 31,655.7 5.4 1,210.6 Stockholders' Equity 3,451.0 3,670.4 3,416.9 (219.4) 34.1 Avg Balance Sheet Loans (2) 21,122.0 20,770.1 21,745.3 351.9 (623.3) Securities (3) 8,687.8 8,378.3 7,468.5 309.5 1,219.3 Average earning assets 33,201.9 32,913.7 31,015.6 288.2 2,186.3 Total Assets 36,003.8 35,829.0 34,078.2 174.8 1,925.6 Deposits 30,029.8 29,750.7 28,138.8 279.1 1,891.0 Short-term borrowings 1,689.9 1,691.6 1,688.4 (1.7) 1.5 Total Liabilities 32,396.7 32,187.0 30,636.7 209.7 1,760.0 Stockholders' Equity 3,607.1 3,642.0 3,441.5 (34.9) 165.6 Loan Yield 3.72% 3.83% 4.01% -11 bps -29 bps Securities Yield 1.98% 1.86% 2.00% 12 bps -2 bps Cost of IB Deposits 0.10% 0.12% 0.24% -2 bps -14 bps Loan/Deposit Ratio 69.91% 69.37% 74.17% 54 bps -426 bps

Results *Non-GAAP measure: see slide 27 for non-GAAP reconciliation 1Q21 2Q21 3Q21 4Q21 1Q22 Operating PPNR (TE)* ($000) 131,526 137,176 134,784 134,152 134,501 Net Interest Income (TE) ($000) 237,509 237,498 237,477 231,931 231,008 Net Interest Margin (TE) 3.09% 2.96% 2.94% 2.80% 2.81% Operating Noninterest Income* ($000) 87,089 91,472 88,785 86,012 83,432 Operating Expense* ($000) 193,072 191,793 191,477 183,791 179,939 Efficiency Ratio 58.12% 57.01% 57.44% 56.57% 56.03% 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

Balance Sheet Summary 1Q21 2Q21 3Q21 4Q21 1Q22 Average Loans ($MM) 21,745 21,389 20,941 20,770 21,122 Average Total Securities ($MM) 7,469 8,195 8,369 8,378 8,688 Average Deposits ($MM) 28,139 29,229 29,237 29,751 30,030 Loan Yield (TE) 4.01% 3.95% 3.90% 3.83% 3.72% Cost of Deposits 0.13% 0.10% 0.07% 0.06% 0.05% Tangible Common Equity Ratio 7.26% 7.70% 7.85% 7.71% 7.15% Balance Sheet Summary 4Q19 1Q20 2Q20 3Q20 4Q20 Average Loans ($MM) 21,038 21,234 22,957 22,408 22,066 Average Total Securities ($MM) 6,202 6,149 6,130 6,389 6,921 Average Deposits ($MM) 23,848 24,327 26,703 26,764 27,040 Loan Yield (TE) 4.69% 4.56% 4.04% 3.95% 3.99% Cost of Interest Bearing Deposits 1.11% 1.01% 0.58% 0.39% 0.31% Tangible Common Equity Ratio 8.45% 8.00% 7.33% 7.53% 7.64% CHANCOCK WHITNEY 28

Operating Revenue (TE), Operating PPNR (TE) Reconciliations Three Months Ended (in thousands) 3/31/2022 12/31/2021 9/30/2021 6/30/2021 3/31/2021 Net interest income $228,463 $229,296 $234,709 $234,643 $234,587 Noninterest income 83,432 89,612 93,361 94,272 87,089 Total revenue $311,895 $318,908 $328,070 $328,915 $321,676 Taxable equivalent adjustment 2,545 2,635 2,768 2,854 2,922 Nonoperating revenue — (3,600) (4,576) (2,800) — Operating revenue (TE) $314,440 $317,943 $326,262 $328,969 $324,598 Noninterest expense (179,939) (182,462) (194,703) (236,770) (193,072) Nonoperating expense — (1,329) 3,225 44,977 — Operating expense (179,939) (183,791) (191,478) (191,793) (193,072) Operating pre-provision net revenue (TE) $134,501 $134,152 $134,784 $137,176 $131,526 Total Revenue (TE), Operating PPNR (TE) Reconciliations Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%. Three Months Ended (in thousands) 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 Net interest income $238,286 $235,183 $237,866 $231,188 $233,156 Noninterest income 82,350 83,748 73,943 84,387 82,924 Total revenue $320,636 $318,931 $311,809 $315,575 $316,080 Taxable equivalent adjustment 3,115 3,189 3,248 3,448 3,580 Total revenue (TE) $323,751 $322,120 $315,057 $319,023 $319,660 Noninterest expense (193,144) (195,774) (196,539) (203,335) (197,856) Nonoperating expense — — — — 3,856 Operating pre-provision net revenue $130,607 $126,346 $118,518 $115,688 $125,660 CHANCOCK WHITNEY 31 Taxable equivalent (TE) amounts are calculated using a federal tax rate of 21% Three Months Ended (in thousands) 3/31/2022 12/31/2021 9/30/2021 6/30/2021 3/31/2021 Nonoperating Income Gain from hurricane-related insurance settlement $ — $3,600 $ — $ — $ — Gain on sale of Hancock Horizon Funds — — 4,576 — — Gain on sale of Mastercard Class B common stock — — — 2,800 — Nonoperating Expense Efficiency initiatives — (649) (1,867) 40,812 — Hurricane related expenses — (680) 5,092 — — Loss on redemption of subordinated debentures — — — 4,165 — Total Nonoperating (income)/expense items, net $ — ($4,929) ($1,351) $42,177 $ — Nonoperating Items

Loan Portfolio Composition As of March 31, 2022 HNCOCK WHITNEY 10 Total Loans Outstanding % of Total Loans Commitment ($s in millions) Real Estate, Rental and Leasing $3,536 16.6% $5,115 Retail Trade 1,882 8.8% 2,287 Health Care and Social Assistance 1,797 8.4% 2,306 Construction 1,249 5.9% 2,163 Hospitality 1,076 5.0% 1,230 Manufacturing 994 4.7% 1,629 Finance and Insurance 915 4.3% 1,532 Wholesale Trade 875 4.1% 1,480 Transportation and Warehousing 795 3.7% 1,075 Professional, Scientific, and Technical Services 677 3.2% 1,082 Public Administration 589 2.8% 611 Other Services (except Public Administration) 447 2.1% 573 Educational Services 319 1.5% 465 Energy 251 1.2% 394 Administrative and Support and Waste Mgmt and Remediation Services 238 1.1% 403 Other (less than 1% individually) 1,328 6.2% 2,705 Total Commercial/Real Estate $16,968 79.6% $25,050 Mortgage 2,463 11.6% 2,469 Consumer 1,366 6.4% 3,233 Indirect 191 0.9% 191 PPP 335 1.6% 335 Grand Total $21,323 100.0% $31,278

Current Hedge Positions Cash Flow (CF) Hedges Receive 152 bps/pay 1 month LIBOR on $1.3 billion $500 million of CF hedges terminated in 3Q21 will provide NII support of $16.7 million in 2022 and 2023 collectively No additional CF hedges were terminated in 1Q22 Total Termination Value on remaining active CF Hedges is approximately ($34.3) million as of 3/31/22 $425 million of existing CF hedges will mature over the course of 2022 Fair Value (FV) Hedges $1.9 billion in securities are hedged with $1.7 billion of FV hedges Duration (Market Price Risk) reduced from approximately 7.5 to 3.3 on hedged securities Current Termination Value of FV hedges is approximately $60.7 million at 3/31/2022 FV hedges become fully effective beginning October 2023 through July 2026; at that point we pay fixed 1.32% and receive the fed fund effective rate (resulting in these bonds being a variable rate of FF plus 34 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

First Quarter 2022Earnings Conference Call 4/19/2022 HANCOCK WHITNEY