Equibles

8-K

HANCOCK WHITNEY CORP (HWC)

8-K 2022-07-19 For: 2022-07-19
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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): July 19, 2022

________________

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 July 19, 2022, Hancock Whitney Corporation (the “Company”) announced financial results for its second quarter ended June 30, 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 July 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 June 30, 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<br><br>Number Description
99.1 Press Release dated July 19, 2022 for Quarter Ended June 30, 2022.
99.2 Presentation Slides dated July 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
July 19, 2022 By: /s/ Michael M. Achary
Michael M. Achary
Chief Financial Officer

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE<br><br>July 19, 2022

For more information

Trisha Voltz Carlson, EVP, Investor Relations Manager

504.299.5208 or trisha.carlson@hancockwhitney.com

Hancock Whitney reports second quarter 2022 EPS of $1.38

GULFPORT, Miss. (July 19, 2022) — Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the second quarter of 2022. Net income for the second quarter of 2022 totaled $121.4 million, or $1.38 per diluted common share (EPS), compared to $123.5 million, or $1.40 per diluted common share, in the first quarter of 2022. The company reported net income for the second quarter of 2021 of $88.7 million, or $1.00 per diluted common share. The second quarter of 2022 did not include any nonoperating items, while the second quarter of 2021 included $42.2 million, or $0.37 per share after tax, of net nonperating expenses.

Second Quarter 2022 Highlights

• Pre-provision net revenue (PPNR) totaled $146.9 million, up $12.4 million, or 9%, linked-quarter

• Core loan growth of $706.2 million, or 13% linked-quarter annualized (LQA), more than offset the impact of $183.5 million in PPP loan forgiveness, leading to an overall increase in total loans of $522.7 million

• Nonperforming loans and criticized commercial loans remain at historically low levels

• ACL coverage remained strong at 1.55%

• Deposits decreased $633.3 million, or 8% LQA

• NIM improved 23 basis points (bps) to 3.04%

• CET1 ratio estimated at 11.06%, down 6 bps; TCE ratio 7.21%, up 6 bps

• Achieved 55% efficiency ratio target (54.95%)

“Today’s results reflect another solid quarter and the early achievement of our target efficiency ratio of 55%,” said John M. Hairston, President and CEO. “As expected, upward rate movement was a tailwind and helped us achieve our efficiency target sooner than expected. Earning assets repriced our NIM back over 3% in the quarter, and we anticipate additional widening in the second half of this year. Loan growth exceeded our expectations, and we were able to deploy excess liquidity via organic growth. We observed an expected runoff in deposits due primarily to seasonality, spending of federal grant funds, with modest pressure from competitive rates, however, the mix remained favorable with almost half in DDAs. Pre-provision, net revenue (PPNR) was up $12 million in the quarter as improvement in net interest income and fees offset an expected increase in expenses. Credit continued improvement and ratios remain at historically low levels, with criticized and nonperforming loans declining and net recoveries in the quarter. Capital remains solid and we believe we are positioned well in today’s uncertain macro environment.”

Loans

Total loans were $21.8 billion at June 30, 2022, up $522.7 million from March 31, 2022. Core loans increased $706.2 million, up 13% LQA, from March 31, 2022, more than offsetting the impact of $183.5 million in PPP loan forgiveness. Improving line utilization contributed to loan growth in all markets across our footprint. Healthcare, C&I, real estate and mortgage were the main drivers within our lines of business, while indirect lending continues to amortize. Approximately $150 million of the loan growth during the quarter came from new bankers in expansion markets within our footprint, such as Beaumont, Dallas, San Antonio (TX) and Jackson (MS). Average loans totaled $21.7 billion for the second quarter of 2022, up $535.5 million, or 3%, linked-quarter.

Our guidance for the year of 6%-8% core growth in 2022 is unchanged, with a bias towards the upper end of the range. We expect loan growth to moderate in the third quarter of 2022 with a rebound towards the end of the year.

Deposits

Total deposits at June 30, 2022 were $29.9 billion, down $633.3 million, or 2%, from March 31, 2022. During the quarter, seasonal tax outflows in public funds, consumer clients tax payments, liquidity spending and moving for higher rates, and commercial clients converting cash on their balance sheet into working capital were primary drivers of the decrease.

DDAs totaled $14.7 billion at June 30, 2022, down $300.3 million, or 2%, from March 31, 2022 and comprised almost half (49%) of total period-end deposits. Interest-bearing transaction and savings deposits totaled $11.3 billion at the end of the second quarter of 2022, a decrease of $126.7 million, or 1%, linked-quarter. Compared to March 31, 2022, time deposits of $972.2 million were down $75.6 million, or 7%. Interest-bearing public fund deposits decreased $130.6 million, or 4%, linked-quarter, ending June 30, 2022 at $2.9 billion.

Average deposits for the second quarter of 2022 were $30.0 billion, down $49.9 million, or less than 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 $339.5 million at June 30, 2022, down $9.1 million from March 31, 2022. During the second quarter of 2022, the company recorded a negative provision for credit losses of $9.8 million, compared to a negative provision of $22.5 million in the first quarter of 2022. There were $0.7 million of net recoveries in the second quarter of 2022, or (0.01%) of average total loans on an annualized basis, compared to net charge-offs of $0.3 million, or 0.01% of average total loans in the first quarter of 2022. The ratio of ACL to period-end loans was 1.55% (1.56% excluding PPP loans) at June 30, 2022, compared to 1.63% (1.66% excluding PPP loans) at March 31, 2022.

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 slightly, linked-quarter. Nonperforming assets (NPAs) totaled $44.0 million at June 30, 2022, down $7.7 million, or 15%, from March 31, 2022. During the second quarter of 2022, total nonperforming loans decreased

$4.8 million, or 11%, while ORE and foreclosed assets were down $2.9 million, or 45% linked-quarter. Nonperforming assets as a percent of total loans, ORE and other foreclosed assets was 0.20% at June 30, 2022, down 4 bps from March 31, 2022.

Net Interest Income and Net Interest Margin (NIM)

Net interest income (TE) for the second quarter of 2022 was $248.3 million, an increase of $17.3 million, or 7%, from the first quarter of 2022.

The net interest margin (NIM) (TE) was 3.04% in the second quarter of 2022, an increase of 23 bps linked-quarter. Changes related to recent Fed increase in rates and a shift in the mix of earning assets led to a 27 basis point improvement, slightly offset by the impact from the forgiveness of $183.5 million in PPP loans (-2 bps) and change in cost of deposits (-2 bps). Additional NIM detail and guidance can be found in the second quarter earnings investor deck.

Average earning assets were $32.8 billion for the second quarter of 2022, down $421.1 million, or 1%, from the first quarter of 2022.

Noninterest Income

Noninterest income totaled $85.7 million for the second quarter of 2022, up $2.2 million, or 3%, from the first quarter of 2022.

Service charges on deposits were down $1.2 million, or 5%, from the first quarter of 2022. The decline in service charges is related to lower net nonsufficient funds (NSF) and overdraft (OD) fees.

Bankcard and ATM fees were up $1.5 million, or 7%, from the first quarter of 2022. Investment and annuity income and insurance fees were up $0.6 million, or 8%, linked-quarter. Trust fees were up $2.0 million, or 13% linked-quarter.

Fees from secondary mortgage operations totaled $3.0 million for the second quarter of 2022, down $0.8 million, or 20%, linked-quarter. Management expects the lower level of secondary mortgage fees to continue as rates continue to rise.

Other noninterest income totaled $15.0 million, virtually unchanged from the first quarter of 2022.

Noninterest Expense & Taxes

Noninterest expense totaled $187.1 million, up $7.2 million, or 4% linked-quarter.

Personnel expense totaled $115.2 million in the second quarter of 2022, up $7.8 million, or 7%, linked-quarter. The increase was due to annual merit raises and higher incentive pay, coupled with an increase in associate headcount, an additional workday in the quarter and continued inflationary pressures.

Occupancy and equipment expense totaled $16.9 million in the second quarter of 2022, up $0.4 million, or 2%, from the first quarter of 2022. Amortization of intangibles totaled $3.6 million for the second quarter of 2022, down $0.2 million, or 4%, linked-quarter.

Gains on sales of ORE and other foreclosed assets exceeded expenses by $88 thousand in the second quarter of 2022, and $1.8 million in the first quarter of 2022. Other operating expense totaled $51.5 million in the second quarter of 2022, down $2.5 million, or 5%, linked-quarter.

The effective income tax rate for second quarter 2022 was 21.2%.

Capital

Common stockholders’ equity at June 30, 2022 totaled $3.3 billion, down $101.2 million, or 3%, from March 31, 2022. The tangible common equity (TCE) ratio was 7.21%, up 6 bps from March 31, 2022. The company’s CET1 ratio is estimated to be 11.06% at June 30, 2022, down 6 bps linked-quarter. During the second quarter of 2022, the company repurchased 804,368 shares of its common stock at an average price of $47.21 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 1,604,244 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, July 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 second 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 357079.

An audio archive of the conference call will be available under the Investor Relations section of our website. A replay of the call will also be available through July 26, 2022 by dialing 866-813-9403 or 929-458-6194, access code 467005.

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, Federal Reserve action with respect to interest rates, 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
FINANCIAL HIGHLIGHTS
(Unaudited)
Three Months Ended Six Months Ended
(dollars and common share data in thousands, except per share amounts) 6/30/2022 3/31/2022 6/30/2021 6/30/2022 6/30/2021
NET INCOME
Net interest income $ 245,732 $ 228,463 $ 234,643 $ 474,195 $ 469,230
Net interest income (TE) (a) 248,317 231,008 237,497 479,325 475,006
Provision for credit losses (9,761 ) (22,527 ) (17,229 ) (32,288 ) (22,140 )
Noninterest income 85,653 83,432 94,272 169,085 181,361
Noninterest expense 187,097 179,939 236,770 367,036 429,842
Income tax expense 32,614 31,005 20,656 63,619 46,999
Net income $ 121,435 $ 123,478 $ 88,718 $ 244,913 $ 195,890
For informational purposes - included above, pre-tax
Nonoperating item included in noninterest income:
Gain on sale of Mastercard Class B common stock $ — $ — $ 2,800 $ — $ 2,800
Nonoperating items included in noninterest expense:
Efficiency initiatives — — 40,812 — 40,812
Loss on redemption of subordinated notes — — 4,165 — 4,165
PERIOD-END BALANCE SHEET DATA
Loans $ 21,846,068 $ 21,323,341 $ 21,148,530 $ 21,846,068 $ 21,148,530
Securities 8,531,393 8,481,095 8,633,133 8,531,393 8,633,133
Earning assets 31,292,910 32,997,323 32,075,450 31,292,910 32,075,450
Total assets 34,637,525 36,317,291 35,098,709 34,637,525 35,098,709
Noninterest-bearing deposits 14,676,342 14,976,670 13,406,385 14,676,342 13,406,385
Total deposits 29,866,432 30,499,709 29,273,107 29,866,432 29,273,107
Common stockholders' equity 3,349,723 3,450,951 3,562,901 3,349,723 3,562,901
AVERAGE BALANCE SHEET DATA
Loans $ 21,657,528 $ 21,122,038 $ 21,388,814 $ 21,391,262 $ 21,566,071
Securities (b) 8,979,364 8,687,758 8,194,812 8,834,367 7,833,682
Earning assets 32,780,813 33,201,926 32,195,515 32,990,206 31,608,834
Total assets 35,380,247 36,003,803 35,165,684 35,690,303 34,624,947
Noninterest-bearing deposits 14,655,800 14,363,324 13,237,796 14,510,370 12,808,401
Total deposits 29,979,940 30,029,793 29,228,809 30,004,728 28,686,797
Common stockholders' equity 3,383,789 3,607,061 3,488,592 3,494,809 3,465,159
COMMON SHARE DATA
Earnings per share - diluted $ 1.38 $ 1.40 $ 1.00 $ 2.78 $ 2.20
Cash dividends per share 0.27 0.27 0.27 0.54 0.54
Book value per share (period-end) 39.08 39.91 41.03 39.08 41.03
Tangible book value per share (period-end) 28.37 29.25 30.27 28.37 30.27
Weighted average number of shares - diluted 86,354 86,936 86,990 86,654 86,932
Period-end number of shares 85,714 86,460 86,847 85,714 86,847
Market data
High sales price $ 53.15 $ 59.82 $ 50.69 $ 59.82 $ 50.69
Low sales price 42.61 50.25 40.25 42.61 32.52
Period-end closing price 44.33 52.15 44.44 44.33 44.44
Trading volume 27,493 29,005 25,570 56,498 54,533
PERFORMANCE RATIOS
Return on average assets 1.38 % 1.39 % 1.01 % 1.38 % 1.14 %
Return on average common equity 14.39 % 13.88 % 10.20 % 14.13 % 11.40 %
Return on average tangible common equity 19.77 % 18.66 % 13.94 % 19.20 % 15.63 %
Tangible common equity ratio (c) 7.21 % 7.15 % 7.70 % 7.21 % 7.70 %
Net interest margin (TE) 3.04 % 2.81 % 2.96 % 2.92 % 3.02 %
Noninterest income as a percent of total revenue (TE) 25.65 % 26.53 % 28.41 % 26.08 % 27.63 %
Efficiency ratio (d) 54.95 % 56.03 % 57.01 % 55.47 % 57.56 %
Average loan/deposit ratio 72.24 % 70.34 % 73.18 % 71.29 % 75.18 %
Allowance for loan losses as a percentage of period-end loans 1.41 % 1.49 % 1.89 % 1.41 % 1.89 %
Allowance for credit losses as a percent of period-end loans (e) 1.55 % 1.63 % 2.03 % 1.55 % 2.03 %
Annualized net charge-offs to average loans (0.01 )% 0.01 % 0.20 % (0.00 )% 0.27 %
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due 680.97 % 640.81 % 415.00 % 680.97 % 415.00 %
FTE headcount 3,594 3,543 3,626 3,594 3,626
(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
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QUARTERLY FINANCIAL HIGHLIGHTS
(Unaudited)
Three Months Ended
(dollars and common share data in thousands, except per share amounts) 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021
NET INCOME
Net interest income $ 245,732 $ 228,463 $ 229,296 $ 234,709 $ 234,643
Net interest income (TE) (a) 248,317 231,008 231,931 237,477 237,497
Provision for credit losses (9,761 ) (22,527 ) (28,399 ) (26,955 ) (17,229 )
Noninterest income 85,653 83,432 89,612 93,361 94,272
Noninterest expense 187,097 179,939 182,462 194,703 236,770
Income tax expense 32,614 31,005 27,102 30,740 20,656
Net income $ 121,435 $ 123,478 $ 137,743 $ 129,582 $ 88,718
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 $ 21,846,068 $ 21,323,341 $ 21,134,282 $ 20,886,015 $ 21,148,530
Securities 8,531,393 8,481,095 8,552,449 8,308,622 8,633,133
Earning assets 31,292,910 32,997,323 33,610,435 32,348,036 32,075,450
Total assets 34,637,525 36,317,291 36,531,205 35,318,308 35,098,709
Noninterest-bearing deposits 14,676,342 14,976,670 14,392,808 13,653,376 13,406,385
Total deposits 29,866,432 30,499,709 30,465,897 29,208,157 29,273,107
Common stockholders' equity 3,349,723 3,450,951 3,670,352 3,629,766 3,562,901
AVERAGE BALANCE SHEET DATA
Loans $ 21,657,528 $ 21,122,038 $ 20,770,130 $ 20,941,173 $ 21,388,814
Securities (b) 8,979,364 8,687,758 8,378,258 8,368,824 8,194,812
Earning assets 32,780,813 33,201,926 32,913,659 32,097,381 32,195,515
Total assets 35,380,247 36,003,803 35,829,027 35,207,960 35,165,684
Noninterest-bearing deposits 14,655,800 14,363,324 14,126,335 13,535,961 13,237,796
Total deposits 29,979,940 30,029,793 29,750,665 29,237,306 29,228,809
Common stockholders' equity 3,383,789 3,607,061 3,642,003 3,606,087 3,488,592
COMMON SHARE DATA
Earnings per share - diluted $ 1.38 $ 1.40 $ 1.55 $ 1.46 $ 1.00
Cash dividends per share 0.27 0.27 0.27 0.27 0.27
Book value per share (period-end) 39.08 39.91 42.31 41.81 41.03
Tangible book value per share (period-end) 28.37 29.25 31.64 31.10 30.27
Weighted average number of shares - diluted 86,354 86,936 87,132 87,006 86,990
Period-end number of shares 85,714 86,460 86,749 86,823 86,847
Market data
High sales price $ 53.15 $ 59.82 $ 53.61 $ 48.19 $ 50.69
Low sales price 42.61 50.25 45.06 39.07 40.25
Period-end closing price 44.33 52.15 50.02 47.12 44.44
Trading volume 27,493 29,005 23,889 22,482 25,570
PERFORMANCE RATIOS
Return on average assets 1.38 % 1.39 % 1.53 % 1.46 % 1.01 %
Return on average common equity 14.39 % 13.88 % 15.00 % 14.26 % 10.20 %
Return on average tangible common equity 19.77 % 18.66 % 20.13 % 19.22 % 13.94 %
Tangible common equity ratio (c) 7.21 % 7.15 % 7.71 % 7.85 % 7.70 %
Net interest margin (TE) 3.04 % 2.81 % 2.80 % 2.94 % 2.96 %
Noninterest income as a percentage of total revenue (TE) 25.65 % 26.53 % 27.87 % 28.22 % 28.41 %
Efficiency ratio (d) 54.95 % 56.03 % 56.57 % 57.44 % 57.01 %
Average loan/deposit ratio 72.24 % 70.34 % 69.81 % 71.62 % 73.18 %
Allowance for loan losses as a percentage of period-end loans 1.41 % 1.49 % 1.62 % 1.78 % 1.89 %
Allowance for credit losses as a percentage of period-end loans (e) 1.55 % 1.63 % 1.76 % 1.92 % 2.03 %
Annualized net charge-offs to average loans (0.01 )% 0.01 % 0.01 % 0.03 % 0.20 %
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due 680.97 % 640.81 % 527.59 % 506.17 % 415.00 %
FTE headcount 3,594 3,543 3,486 3,429 3,626
(a) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(b) Average securities does not include unrealized holding gains/losses on available for sale securities.
(c) The tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets.
(d) The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and nonoperating items.
(e) The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.
HANCOCK WHITNEY CORPORATION
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
INCOME STATEMENT
(Unaudited)
Three Months Ended Six Months Ended
(dollars in thousands, except per share data) 6/30/2022 3/31/2022 6/30/2021 6/30/2022 6/30/2021
NET INCOME
Interest income $ 254,864 $ 236,786 $ 248,300 $ 491,650 $ 499,085
Interest income (TE) (f) 257,449 239,331 251,154 496,780 504,861
Interest expense 9,132 8,323 13,657 17,455 29,855
Net interest income (TE) 248,317 231,008 237,497 479,325 475,006
Provision for credit losses (9,761 ) (22,527 ) (17,229 ) (32,288 ) (22,140 )
Noninterest income 85,653 83,432 94,272 169,085 181,361
Noninterest expense 187,097 179,939 236,770 367,036 429,842
Income before income taxes 154,049 154,483 109,374 308,532 242,889
Income tax expense 32,614 31,005 20,656 63,619 46,999
Net income $ 121,435 $ 123,478 $ 88,718 $ 244,913 $ 195,890
For informational purposes - included above, pre-tax
Nonoperating item included in noninterest income:
Gain on sale of Mastercard Class B common stock $ — $ — $ 2,800 $ — $ 2,800
Nonoperating items included in noninterest expense:
Efficiency initiatives — — 40,812 — 40,812
Loss on redemption of subordinated notes — — 4,165 — 4,165
NONINTEREST INCOME
Service charges on deposit accounts $ 20,495 $ 21,674 $ 19,381 $ 42,169 $ 38,527
Trust fees 17,309 15,279 16,307 32,588 31,310
Bank card and ATM fees 21,870 20,396 20,483 42,266 38,603
Investment and annuity fees and insurance commissions 8,001 7,427 7,331 15,428 14,789
Secondary mortgage market operations 2,990 3,746 12,556 6,736 24,266
Other income 14,988 14,910 18,214 29,898 33,866
Total noninterest income $ 85,653 $ 83,432 $ 94,272 $ 169,085 $ 181,361
NONINTEREST EXPENSE
Personnel expense $ 115,170 $ 107,396 $ 142,654 $ 222,566 $ 262,269
Net occupancy and equipment expense 16,928 16,547 17,347 33,475 35,038
Other real estate and foreclosed assets income, net (88 ) (1,764 ) (86 ) (1,852 ) (80 )
Other expense 51,501 54,012 72,610 105,513 123,951
Amortization of intangibles 3,586 3,748 4,245 7,334 8,664
Total noninterest expense $ 187,097 $ 179,939 $ 236,770 $ 367,036 $ 429,842
COMMON SHARE DATA
Earnings per share:
Basic $ 1.39 $ 1.40 $ 1.00 $ 2.79 $ 2.21
Diluted 1.38 1.40 1.00 2.78 2.20
(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) 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021
NET INCOME
Interest income $ 254,864 $ 236,786 $ 238,756 $ 244,417 $ 248,300
Interest income (TE) (f) 257,449 239,331 241,391 247,185 251,154
Interest expense 9,132 8,323 9,460 9,708 13,657
Net interest income (TE) 248,317 231,008 231,931 237,477 237,497
Provision for credit losses (9,761 ) (22,527 ) (28,399 ) (26,955 ) (17,229 )
Noninterest income 85,653 83,432 89,612 93,361 94,272
Noninterest expense 187,097 179,939 182,462 194,703 236,770
Income before income taxes 154,049 154,483 164,845 160,322 109,374
Income tax expense 32,614 31,005 27,102 30,740 20,656
Net income $ 121,435 $ 123,478 $ 137,743 $ 129,582 $ 88,718
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 $ 20,495 $ 21,674 $ 21,346 $ 21,159 $ 19,381
Trust fees 17,309 15,279 15,547 16,041 16,307
Bank card and ATM fees 21,870 20,396 20,638 19,833 20,483
Investment and annuity fees and insurance commissions 8,001 7,427 7,546 7,167 7,331
Secondary mortgage market operations 2,990 3,746 5,456 6,972 12,556
Other income 14,988 14,910 19,079 22,189 18,214
Total noninterest income $ 85,653 $ 83,432 $ 89,612 $ 93,361 $ 94,272
NONINTEREST EXPENSE
Personnel expense $ 115,170 $ 107,396 $ 108,128 $ 111,978 $ 142,654
Net occupancy and equipment expense 16,928 16,547 16,047 16,868 17,347
Other real estate and foreclosed assets expense (income), net (88 ) (1,764 ) 246 (376 ) (86 )
Other expense 51,501 54,012 54,122 62,151 72,610
Amortization of intangibles 3,586 3,748 3,919 4,082 4,245
Total noninterest expense $ 187,097 $ 179,939 $ 182,462 $ 194,703 $ 236,770
COMMON SHARE DATA
Earnings per share:
Basic $ 1.39 $ 1.40 $ 1.56 $ 1.46 $ 1.00
Diluted 1.38 1.40 1.55 1.46 1.00
(f) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
HANCOCK WHITNEY CORPORATION
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
PERIOD-END BALANCE SHEET
(Unaudited)
(dollars in thousands) 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021
ASSETS
Commercial non-real estate loans $ 9,645,092 $ 9,584,480 $ 9,612,460 $ 9,416,990 $ 9,532,710
Commercial real estate - owner occupied loans 2,964,474 2,868,233 2,821,246 2,812,926 2,809,868
Total commercial and industrial loans 12,609,566 12,452,713 12,433,706 12,229,916 12,342,578
Commercial real estate - income producing loans 3,641,243 3,563,299 3,464,626 3,467,939 3,419,028
Construction and land development loans 1,408,727 1,286,655 1,228,670 1,213,991 1,295,036
Residential mortgage loans 2,615,807 2,462,900 2,423,890 2,351,053 2,412,459
Consumer loans 1,570,725 1,557,774 1,583,390 1,623,116 1,679,429
Total loans 21,846,068 21,323,341 21,134,282 20,886,015 21,148,530
Loans held for sale 44,253 59,877 93,069 90,618 90,002
Securities 8,531,393 8,481,095 8,552,449 8,308,622 8,633,133
Short-term investments 871,196 3,133,010 3,830,635 3,062,781 2,203,785
Earning assets 31,292,910 32,997,323 33,610,435 32,348,036 32,075,450
Allowance for loan losses (308,175 ) (317,843 ) (342,065 ) (371,521 ) (399,668 )
Goodwill and other intangible assets 918,345 921,932 925,679 929,599 933,681
Other assets 2,734,445 2,715,879 2,337,156 2,412,194 2,489,246
Total assets $ 34,637,525 $ 36,317,291 $ 36,531,205 $ 35,318,308 $ 35,098,709
LIABILITIES
Noninterest-bearing deposits $ 14,676,342 $ 14,976,670 $ 14,392,808 $ 13,653,376 $ 13,406,385
Interest-bearing transaction and savings deposits 11,334,253 11,460,993 11,649,855 11,291,878 11,308,744
Interest-bearing public fund deposits 2,883,664 3,014,307 3,294,607 3,055,388 3,206,799
Time deposits 972,173 1,047,739 1,128,627 1,207,515 1,351,179
Total interest-bearing deposits 15,190,090 15,523,039 16,073,089 15,554,781 15,866,722
Total deposits 29,866,432 30,499,709 30,465,897 29,208,157 29,273,107
Short-term borrowings 630,011 1,620,302 1,665,061 1,745,228 1,516,508
Long-term debt 240,091 240,454 244,220 248,011 248,052
Other liabilities 551,268 505,875 485,675 487,146 498,141
Total liabilities 31,287,802 32,866,340 32,860,853 31,688,542 31,535,808
COMMON STOCKHOLDERS' EQUITY
Common stock net of treasury and capital surplus 2,020,411 2,051,534 2,065,214 2,084,387 2,080,486
Retained earnings 1,856,489 1,758,693 1,659,073 1,545,181 1,439,553
Accumulated other comprehensive income (loss) (527,177 ) (359,276 ) (53,935 ) 198 42,862
Total common stockholders' equity 3,349,723 3,450,951 3,670,352 3,629,766 3,562,901
Total liabilities & stockholders' equity $ 34,637,525 $ 36,317,291 $ 36,531,205 $ 35,318,308 $ 35,098,709
For informational purposes only - included above
SBA Paycheck Protection Program (PPP) loans $ 151,315 $ 334,828 $ 531,059 $ 935,330 $ 1,417,523
CAPITAL RATIOS
Tangible common equity $ 2,431,378 $ 2,529,019 $ 2,744,673 $ 2,700,167 $ 2,629,220
Tier 1 capital (g) 3,033,760 2,963,501 2,890,770 2,799,037 2,692,065
Common equity as a percentage of total assets 9.67 % 9.50 % 10.05 % 10.28 % 10.15 %
Tangible common equity ratio 7.21 % 7.15 % 7.71 % 7.85 % 7.70 %
Leverage (Tier 1) ratio (g) 8.68 % 8.38 % 8.25 % 8.15 % 7.83 %
Common equity tier 1 (CET1) ratio (g) 11.06 % 11.12 % 11.09 % 11.17 % 10.98 %
Tier 1 risk-based capital ratio (g) 11.06 % 11.12 % 11.09 % 11.17 % 10.98 %
Total risk-based capital ratio (g) 12.68 % 12.82 % 12.84 % 13.06 % 12.94 %
(g) Estimated for most recent period-end. Regulatory capital ratios reflect the election to use the five-year transition rules for the adoption of ASC 326, commonly referred to as Current Expected Credit Loss, or CECL.
HANCOCK WHITNEY CORPORATION
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
AVERAGE BALANCE SHEET
(Unaudited)
Three Months Ended Six Months Ended
(in thousands) 6/30/2022 3/31/2022 6/30/2021 6/30/2022 6/30/2021
ASSETS
Commercial non-real estate loans $ 9,718,550 $ 9,497,772 $ 9,889,904 $ 9,608,771 $ 9,971,167
Commercial real estate - owner occupied loans 2,915,528 2,867,252 2,782,362 2,891,525 2,810,622
Total commercial and industrial loans 12,634,078 12,365,024 12,672,266 12,500,296 12,781,789
Commercial real estate - income producing loans 3,592,220 3,510,957 3,420,781 3,551,811 3,394,483
Construction and land development loans 1,335,755 1,243,314 1,140,065 1,289,789 1,107,137
Residential mortgage loans 2,534,600 2,441,359 2,442,956 2,488,238 2,521,289
Consumer loans 1,560,875 1,561,384 1,712,746 1,561,128 1,761,373
Total loans 21,657,528 21,122,038 21,388,814 21,391,262 21,566,071
Loans held for sale 48,099 64,271 89,638 56,140 100,634
Securities (h) 8,979,364 8,687,758 8,194,812 8,834,367 7,833,682
Short-term investments 2,095,822 3,327,859 2,522,251 2,708,437 2,108,447
Earning assets 32,780,813 33,201,926 32,195,515 32,990,206 31,608,834
Allowance for loan losses (315,851 ) (338,385 ) (418,753 ) (327,056 ) (435,200 )
Goodwill and other intangible assets 920,080 923,752 935,737 921,906 937,893
Other assets 1,995,205 2,216,510 2,453,185 2,105,247 2,513,420
Total assets $ 35,380,247 $ 36,003,803 $ 35,165,684 $ 35,690,303 $ 34,624,947
LIABILITIES AND COMMON STOCKHOLDERS' EQUITY
Noninterest-bearing deposits $ 14,655,800 $ 14,363,324 $ 13,237,796 $ 14,510,370 $ 12,808,401
Interest-bearing transaction and savings deposits 11,412,944 11,423,421 11,315,790 11,418,153 11,057,326
Interest-bearing public fund deposits 2,906,018 3,154,540 3,208,718 3,029,592 3,209,891
Time deposits 1,005,178 1,088,508 1,466,505 1,046,613 1,611,179
Total interest-bearing deposits 15,324,140 15,666,469 15,991,013 15,494,358 15,878,396
Total deposits 29,979,940 30,029,793 29,228,809 30,004,728 28,686,797
Short-term borrowings 1,224,183 1,689,906 1,661,015 1,455,758 1,674,616
Long-term debt 240,322 241,828 371,892 241,071 384,243
Other liabilities 552,013 435,215 415,376 493,937 414,132
Common stockholders' equity 3,383,789 3,607,061 3,488,592 3,494,809 3,465,159
Total liabilities & stockholders' equity $ 35,380,247 $ 36,003,803 $ 35,165,684 $ 35,690,303 $ 34,624,947
For informational purposes only - included above
SBA Paycheck Protection Program (PPP) loans $ 231,133 $ 430,363 $ 2,043,032 $ 330,197 $ 2,116,748
(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)
3/31/2022 6/30/2021
(dollars in millions) Interest Rate Average<br>  Balance Interest Rate Average<br> Balance Interest Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i) 17,562.0 $ 165.9 3.79 % $ 17,119.3 $ 150.3 3.56 % $ 17,233.1 $ 149.3 3.47 %
Residential mortgage loans 2,534.6 21.1 3.33 % 2,441.3 21.0 3.44 % 2,443.0 23.9 3.92 %
Consumer loans 1,560.9 19.6 5.03 % 1,561.4 18.4 4.77 % 1,712.7 21.0 4.92 %
Loan fees & late charges — 1.9 0.00 % — 4.4 0.00 % — 16.5 0.00 %
Total loans (TE) (j) (k) 21,657.5 208.5 3.86 % 21,122.0 194.1 3.72 % 21,388.8 210.7 3.95 %
Loans held for sale 48.1 0.4 3.69 % 64.3 0.7 4.36 % 89.6 0.6 2.90 %
US Treasury and government agency securities 387.6 1.7 1.79 % 397.8 1.6 1.64 % 291.0 1.2 1.67 %
CMOs and mortgage backed securities 7,658.2 36.3 1.90 % 7,352.5 34.5 1.88 % 6,961.4 31.0 1.78 %
Municipals (TE) 912.4 6.8 2.96 % 916.5 6.7 2.93 % 930.1 6.8 2.94 %
Other securities 21.2 0.2 3.34 % 21.0 0.2 3.31 % 12.3 0.1 3.64 %
Total securities (TE) (l) 8,979.4 45.0 2.00 % 8,687.8 43.0 1.98 % 8,194.8 39.1 1.91 %
Total short-term investments 2,095.8 3.5 0.67 % 3,327.8 1.5 0.19 % 2,522.3 0.7 0.11 %
Average earning assets yield (TE) 32,780.8 $ 257.4 3.15 % $ 33,201.9 $ 239.3 2.91 % $ 32,195.5 $ 251.1 3.13 %
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits 11,412.9 $ 1.3 0.05 % $ 11,423.4 $ 1.1 0.04 % $ 11,315.8 $ 2.7 0.10 %
Time deposits 1,005.2 0.4 0.15 % 1,088.5 0.6 0.24 % 1,466.5 1.7 0.47 %
Public funds 2,906.0 3.3 0.46 % 3,154.6 2.1 0.26 % 3,208.7 2.6 0.33 %
Total interest-bearing deposits 15,324.1 5.0 0.13 % 15,666.5 3.8 0.10 % 15,991.0 7.0 0.18 %
Short-term borrowings 1,224.2 1.0 0.31 % 1,689.9 1.4 0.34 % 1,661.0 1.6 0.37 %
Long-term debt 240.3 3.1 5.20 % 241.8 3.1 5.17 % 371.9 5.0 5.42 %
Total borrowings 1,464.5 4.1 1.12 % 1,931.7 4.5 0.95 % 2,032.9 6.6 1.30 %
Total interest-bearing liabilities cost 16,788.6 9.1 0.22 % 17,598.2 8.3 0.19 % 18,023.9 13.6 0.30 %
Net interest-free funding sources 15,992.2 15,603.7 14,171.6
Total cost of funds 32,780.8 9.1 0.11 % 33,201.9 8.3 0.10 % 32,195.5 13.6 0.17 %
Net Interest Spread (TE) $ 248.3 2.93 % $ 231.0 2.72 % $ 237.5 2.82 %
Net Interest Margin (TE) 32,780.8 $ 248.3 3.04 % $ 33,201.9 $ 231.0 2.81 % $ 32,195.5 $ 237.5 2.96 %
(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 1.2 million, 1.5 million and 1.6 million for the three months ended June 30, 2022, March 31, 2022 and June 30, 2021, 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)
6/30/2021
(dollars in millions) Interest Rate Average<br> Balance Interest Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i) 17,341.9 $ 316.3 3.68 % $ 17,283.4 $ 305.1 3.56 %
Residential mortgage loans 2,488.3 42.1 3.38 % 2,521.3 48.6 3.85 %
Consumer loans 1,561.1 37.9 4.90 % 1,761.4 42.4 4.85 %
Loan fees & late charges — 6.3 0.00 % — 29.9 0.00 %
Total loans (TE) (j) (k) 21,391.3 402.6 3.79 % 21,566.1 426.0 3.98 %
Loans held for sale 56.1 1.1 4.07 % 100.6 1.3 2.63 %
US Treasury and government agency securities 392.7 3.4 1.71 % 253.0 2.2 1.71 %
CMOs and mortgage backed securities 7,506.2 70.8 1.89 % 6,636.5 60.4 1.82 %
Municipals (TE) 914.4 13.5 2.95 % 932.3 13.7 2.93 %
Other securities 21.1 0.3 3.32 % 11.9 0.2 3.85 %
Total securities (TE) (l) 8,834.4 88.0 1.99 % 7,833.7 76.5 1.95 %
Total short-term investments 2,708.4 5.1 0.38 % 2,108.4 1.1 0.10 %
Average earning assets yield (TE) 32,990.2 $ 496.8 3.03 % $ 31,608.8 $ 504.9 3.21 %
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits 11,418.2 $ 2.5 0.04 % $ 11,057.3 $ 6.1 0.11 %
Time deposits 1,046.6 1.0 0.20 % 1,611.2 4.7 0.59 %
Public funds 3,029.6 5.4 0.36 % 3,209.9 5.5 0.34 %
Total interest-bearing deposits 15,494.4 8.9 0.11 % 15,878.4 16.3 0.21 %
Short-term borrowings 1,455.8 2.4 0.33 % 1,674.6 3.1 0.37 %
Long-term debt 241.0 6.2 5.18 % 384.2 10.5 5.45 %
Total borrowings 1,696.8 8.6 1.02 % 2,058.8 13.6 1.32 %
Total interest-bearing liabilities cost 17,191.2 17.5 0.20 % 17,937.2 29.9 0.33 %
Net interest-free funding sources 15,799.0 13,671.6
Total cost of funds 32,990.2 17.5 0.11 % 31,608.8 29.9 0.19 %
Net Interest Spread (TE) $ 479.3 2.82 % $ 475.0 2.88 %
Net Interest Margin (TE) 32,990.2 $ 479.3 2.92 % $ 31,608.8 $ 475.0 3.02 %
(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 2.7 million and 5.1 million for the six months ended June 30, 2022 and 2021, 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)
Six Months Ended
(dollars in thousands) 3/31/2022 6/30/2021 6/30/2022 6/30/2021
Nonaccrual loans (m) 38,066 $ 42,439 $ 83,551 $ 38,066 $ 83,551
Restructured loans - still accruing 2,492 2,903 3,830 2,492 3,830
Total nonperforming loans 40,558 45,342 87,381 40,558 87,381
ORE and foreclosed assets 3,467 6,345 10,201 3,467 10,201
Total nonperforming assets 44,025 $ 51,687 $ 97,582 $ 44,025 $ 97,582
Nonperforming assets as a percentage of loans, ORE and foreclosed assets 0.20 % 0.24 % 0.46 % 0.20 % 0.46 %
Accruing loans 90 days past due 4,697 $ 4,258 $ 8,925 $ 4,697 $ 8,925
Accruing loans 90 days past due as a percentage of loans 0.02 % 0.02 % 0.04 % 0.02 % 0.04 %
Nonperforming assets + accuring loans 90 days past due to loans, ORE and foreclosed assets 0.22 % 0.26 % 0.50 % 0.22 % 0.50 %
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for Loan Losses:
Beginning balance 317,843 $ 342,065 $ 424,360 $ 342,065 $ 450,177
Provision for loan losses (10,354 ) (23,903 ) (14,194 ) (34,257 ) (21,757 )
Charge-offs (5,975 ) (5,385 ) (15,822 ) (11,360 ) (37,926 )
Recoveries 6,661 5,066 5,324 11,727 9,174
Net charge-offs 686 (319 ) (10,498 ) 367 (28,752 )
Ending Balance 308,175 $ 317,843 $ 399,668 $ 308,175 $ 399,668
Reserve for Unfunded Lending Commitments:
Beginning balance 30,710 $ 29,334 $ 32,559 $ 29,334 $ 29,907
Provision for losses on unfunded lending commitments 593 1,376 (3,035 ) 1,969 (383 )
Ending balance 31,303 $ 30,710 $ 29,524 $ 31,303 $ 29,524
Total Allowance for Credit Losses 339,478 $ 348,553 $ 429,192 $ 339,478 $ 429,192
Total Provision for Credit Losses (9,761 ) $ (22,527 ) $ (17,229 ) $ (32,288 ) $ (22,140 )
Allowance for loan losses as a percentage of period-end loans 1.41 % 1.49 % 1.89 % 1.41 % 1.89 %
Allowance for credit losses as a percentage of period-end loans 1.55 % 1.63 % 2.03 % 1.55 % 2.03 %
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due 680.97 % 640.81 % 415.00 % 680.97 % 415.00 %
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries):
Commercial & real estate loans (1,611 ) $ (814 ) $ 9,257 $ (2,425 ) $ 25,463
Residential mortgage loans (448 ) (19 ) (133 ) (467 ) (230 )
Consumer loans 1,373 1,152 1,374 2,525 3,519
Total net charge-offs (recoveries) (686 ) $ 319 $ 10,498 $ (367 ) $ 28,752
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans (0.04 )% (0.02 )% 0.22 % (0.03 )% 0.30 %
Residential mortgage loans (0.07 )% (0.00 )% (0.02 )% (0.04 )% (0.02 )%
Consumer loans 0.35 % 0.30 % 0.32 % 0.33 % 0.40 %
Total net charge-offs as a percentage of average loans (0.01 )% 0.01 % 0.20 % (0.00 )% 0.27 %
(m) Included in nonaccrual loans are nonaccruing restructured loans totaling 3.2 million, 3.6 million and 6.8 million at June 30, 2022, March 31, 2022, and June 30, 2021, respectively.

All values are in US Dollars.

HANCOCK WHITNEY CORPORATION
ASSET QUALITY INFORMATION
(Unaudited)
(dollars in thousands) 3/31/2022 12/31/2021 9/30/2021 6/30/2021
Nonaccrual loans (m) 38,066 $ 42,439 $ 55,523 $ 60,357 $ 83,551
Restructured loans - still accruing 2,492 2,903 3,788 3,071 3,830
Total nonperforming loans 40,558 45,342 59,311 63,428 87,381
ORE and foreclosed assets 3,467 6,345 7,533 8,423 10,201
Total nonperforming assets 44,025 $ 51,687 $ 66,844 $ 71,851 $ 97,582
Nonperforming assets as a percentage of loans, ORE and foreclosed assets 0.20 % 0.24 % 0.32 % 0.34 % 0.46 %
Accruing loans 90 days past due 4,697 $ 4,258 $ 5,524 $ 9,970 $ 8,925
Accruing loans 90 days past due as a percentage of loans 0.02 % 0.02 % 0.03 % 0.05 % 0.04 %
Nonperforming assets + accruing loans 90 days past due to loans, ORE and foreclosed assets 0.22 % 0.26 % 0.34 % 0.39 % 0.50 %
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for loan losses 308,175 $ 317,843 $ 342,065 $ 371,521 $ 399,668
Reserve for unfunded lending commitments 31,303 30,710 29,334 28,946 29,524
Total allowance for credit losses 339,478 $ 348,553 $ 371,399 $ 400,467 $ 429,192
Total provision for credit losses (9,761 ) $ (22,527 ) $ (28,399 ) $ (26,955 ) $ (17,229 )
Allowance for loan losses as a percentage of period-end loans 1.41 % 1.49 % 1.62 % 1.78 % 1.89 %
Allowance for credit losses as a percentage of period-end loans 1.55 % 1.63 % 1.76 % 1.92 % 2.03 %
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due 680.97 % 640.81 % 527.59 % 506.17 % 415.00 %
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries)
Commercial & real estate loans (1,611 ) $ (814 ) $ (502 ) $ 536 $ 9,257
Residential mortgage loans (448 ) (19 ) (31 ) (485 ) (133 )
Consumer loans 1,373 1,152 1,202 1,719 1,374
Total net charge-offs (686 ) $ 319 $ 669 $ 1,770 $ 10,498
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans (0.04 )% (0.02 )% (0.01 )% 0.01 % 0.22 %
Residential mortgage loans (0.07 )% (0.00 )% (0.01 )% (0.08 )% (0.02 )%
Consumer loans 0.35 % 0.30 % 0.30 % 0.41 % 0.32 %
Total net charge-offs as a percentage of average loans: (0.01 )% 0.01 % 0.01 % 0.03 % 0.20 %
AVERAGE LOANS
Commercial & real estate loans 17,562,053 $ 17,119,295 $ 16,802,799 $ 16,918,343 $ 17,233,112
Residential mortgage loans 2,534,600 2,441,359 2,365,798 2,376,500 2,442,956
Consumer loans 1,560,875 1,561,384 1,601,533 1,646,330 1,712,746
Total average loans 21,657,528 $ 21,122,038 $ 20,770,130 $ 20,941,173 $ 21,388,814
(m) Included in nonaccrual loans are nonaccruing restructured loans totaling 3.2 million, 3.6 million, 6.8 million, 7.2 million and 6.8 million at June 30, 2022, March 31, 2022, December 31, 2021, September 30, 2021, and June 30, 2021, respectively.

All values are in US Dollars.

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 Six Months Ended
(in thousands) 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021 6/30/2022 6/30/2021
Net interest income $ 245,732 $ 228,463 $ 229,296 $ 234,709 $ 234,643 $ 474,195 $ 469,230
Noninterest income 85,653 83,432 89,612 93,361 94,272 169,085 181,361
Total revenue 331,385 311,895 318,908 328,070 328,915 643,280 650,591
Taxable equivalent adjustment (n) 2,585 2,545 2,635 2,768 2,854 5,130 5,776
Nonoperating revenue — — (3,600 ) (4,576 ) (2,800 ) — (2,800 )
Operating revenue (TE) 333,970 314,440 317,943 326,262 328,969 648,410 653,567
Noninterest expense (187,097 ) (179,939 ) (182,462 ) (194,703 ) (236,770 ) (367,036 ) (429,842 )
Nonoperating expense — — (1,329 ) 3,225 44,977 — 44,977
Operating pre-provision net revenue (TE) $ 146,873 $ 134,501 $ 134,152 $ 134,784 $ 137,176 $ 281,374 $ 268,702
(n) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.

Slide 1

Second Quarter 2022 Earnings Conference Call 7/19/2022 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, 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, Federal Reserve action with respect to interest rates, 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

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. AFS – Available for sale securities ACL – Allowance for credit losses Annualized – Calculated to reflect a rate based on a full year AMBR – Ameribor Unsecured Overnight Rate AOCI – Accumulated other comprehensive income ARM – Adjustable Rate Mortgage B – Dollars in billions bps – basis points 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 FHLB – Federal Home Loan Bank FOTO – FHLB Owns The Option 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 SOFR – Secured Overnight Financing Rate 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

Slide 4

Corporate Profile (as of June 30, 2022) $34.6 billion in Total Assets $21.8 billion in Total Loans $29.9 billion in Total Deposits CET1 ratio 11.06%(e) Tangible Common Equity (TCE) ratio 7.21% $3.8 billion in Market Capitalization 177 banking locations and 239 ATMs across our footprint Approximately 3,600 (FTE) employees corporate-wide Moody’s long-term issuer rating: Baa3; outlook stable S&P long-term issuer rating: BBB; outlook stable Ranked in top 100 Best Banks in America by Forbes Recognized for top client satisfaction ranking by J.D. Power Rated among the strongest, safest financial institutions in the country by BauerFinancial, Inc. for 131 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

Slide 5

Second Quarter 2022 Highlights Net income totaled $121.4 million, or $1.38 per diluted share, down $2.1 million, or $0.02 per share, linked quarter Pre-provision net revenue (PPNR)* totaled $146.9 million, up $12.4 million, or 9%, linked-quarter Core loan growth of $706.2 million, or 13% LQA, more than offset the impact of $183.5 million in PPP loan forgiveness, leading to an overall increase in total loans of $522.7 million (See slide 6) Nonperforming loans and criticized commercial loans remain at historically low levels with additional improvement linked quarter (See slide 8) ACL coverage remained strong at 1.55% (See slide 9) Deposits decreased $633.3 million, or 8% LQA (See slide 11) NIM improved 23 bps to 3.04% (See slide 12) CET1 ratio estimated at 11.06%, down 6 bps; TCE ratio 7.21%, up 6 bps (See slide 16) Achieved 55% efficiency ratio goal (54.95%) ($s in millions; except per share data) 2Q22 1Q22 2Q21 Net Income $121.4 $123.5 $88.7 Provision for credit losses (9.8) (22.5) (17.2) Nonoperating items, net ─ ─ 42.2 Earnings Per Share – diluted $1.38 $1.40 $1.00 Return on Assets (%) (ROA) 1.38 1.39 1.01 Return on Tangible Common Equity (%) (ROTCE) 19.77 18.66 13.94 Net Interest Margin (TE) (%) 3.04 2.81 2.96 Net Charge-offs (recoveries) (%) (0.01) 0.01 0.20 CET1 Ratio (%) 11.06(e) 11.12 10.98 Tangible Common Equity (%) 7.21 7.15 7.70 Pre-Provision Net Revenue (TE)* $146.9 $134.5 $137.2 Efficiency Ratio (%) 54.95 56.03 57.01 *Non-GAAP measure: see appendix for non-GAAP reconciliation

Slide 6

Loans totaled $21.8 billion, up $522.7 million, net, linked-quarter $706.2 million in core loan growth, or 13% LQA $183.5 million in PPP loan forgiveness Improving line utilization contributed to growth in all markets across the footprint Approximately $150 million in loan growth from new bankers in expansion markets (i.e., Beaumont, Dallas, Jackson, San Antonio) Tailwinds and headwinds to future core loan growth: Tailwinds: Improvement in economic activity across our footprint Improvement of utilization rates Headwinds: Amortizing only indirect portfolio Potential economic slowdown Loan Growth Momentum Continued in 2Q22; Expect Slowdown in 3Q22 Bar Chart

Slide 7

Yield on New Loans Reflects Increase in Rate Environment $ in millions * Excluding PPP loans Fixed Loan Yield 3.51% 3.40% 3.73% 3.62% 4.45% Variable Loan Yield 3.15% 2.94% 2.94% 2.92% 3.25%

Slide 8

NPLs, Criticized Commercial Loans Continue Decline To Historically Low Levels Criticized commercial loans totaled $281 million, or 1.61% of total commercial loans (excluding PPP loans), at June 30, 2022, down $1 million, or less than 1%, linked-quarter and down $49 million, or 15%, from a year ago Nonperforming loans totaled $40 million, or 0.19% of total loans (excluding PPP loans), at June 30, 2022, down $5 million, or 11%, linked-quarter and down $46 million, or 53%, from a year ago *Ratios exclude PPP loans 2.11% 0.44% 1.66% Total Loans excl. PPP $19,731 $19,951 $20,603 $20,989 $21,695 Total Commercial Loans excl. PPP 15,639 15,977 16,596 16,968 17,508 Criticized Commercial Loans 330 294 287 282 281 Total Nonperforming Loans 87 63 59 45 40 1.84% 0.32% 1.73% 0.29% 0.22% 1.61% 0.19% $700 $600 $500 $400 $300 $200 $100 $0 3Q20 4Q20 1Q21 2Q21 3Q21 HNCOCK WHITNEY 12

Slide 9

Strong ACL; Expect Reserve Releases To End Negative provision for the quarter of ($9.8) million, reflects $0.7 million of net recoveries and a reserve release of $9.1 million Weighting applied to Moody's June 2022 economic scenarios was 25% baseline and 75% slower growth (S2) Given inflation levels and recession concerns, scenario mix and weighting captures greater potential for slower near term economic growth than provided for in the baseline scenario Net Charge-offs Reserve Release Total Provision  ($s in millions) 2Q22 1Q22 2Q22 1Q22 2Q22 1Q22 Commercial ($1.6) ($0.8) ($11.5) ($16.5) ($13.1) ($17.3) Mortgage (0.5) ---  2.3 (4.3) 1.8 (4.3) Consumer 1.4 1.1 0.1 (2.0) 1.5 (0.9) Total ($0.7) $0.3 ($9.1) ($22.8) ($9.8) ($22.5) 6/30/2022 3/31/2022 Portfolio ($ in millions) Amount % of Loan and Leases Outstanding Amount % of Loan and Leases Outstanding Commercial (excluding PPP) $250 1.43% $262 1.54% Mortgage 29 1.09% 26 1.07% Consumer 30 1.88% 30 1.88% PPP Loans --- 0.10% --- 0.10% Allowance for Loan and Lease Losses $309 1.41% $318 1.49% Reserve for Unfunded Lending Commitments 31 --- 31 --- Allowance for Credit Losses $340 1.55% $349 1.63% Allowance for Credit Losses – Excluding PPP Loans $339 1.56% $348 1.66%

Slide 10

Securities Portfolio Positioned for Rising Rates Securities portfolio (excluding unrealized losses) totaled $9.1 billion, up $242 million, or 3%, linked-quarter Additional shift in mix from AFS to HTM 30% HTM, 70% AFS at 6/30/22 28% HTM, 72% AFS at 3/31/22 $1.3 billion of FV hedges on $1.4 billion of bonds, or 22% of AFS securities, reduce OCI volatility and provide flexibility to reposition and/or reprice the hedged assets in a changing rate environment Yield 2.00%, up 2 bps linked-quarter; portfolio yield was 2.06% in June Purchases during 2Q22 of $472 million at yield of 3.42% included $252 million of liquidity deployment and $220 million in reinvestment of runoff on bond portfolio Terminated $545 million in FV hedges (will increase the asset yield on the underlying assets) Unrealized net losses on AFS portfolio of $579.1 million and $387.0 million at June 30, 2022 and March 31, 2022, respectively Premium amortization totaled $10.4 million, down $1.1 million linked-quarter Effective duration of 4.93 years at June 30, 2022 compared to 4.47 years at March 31, 2022 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

Slide 11

Best In Class Mix; Decline in Deposits Expected Total deposits of $29.9 billion, down $633.3 million, or 2.1%, linked-quarter Decrease in non-interest bearing DDA is primarily due to commercial clients deploying excess liquidity into working capital Decrease in interest bearing money market and savings was mostly related to consumer clients tax payments, liquidity spending and higher rates Decrease in public fund deposits primarily related to expected seasonal outflows DDAs comprised 49% of total period-end deposits June cost of deposits 8 bps, up 3 bps from March 2022 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 Avg Quarterly Deposits/Mix

Slide 12

Net interest margin (NIM) 3.04%, up 23 bps linked-quarter; June NIM 3.24% Net interest income (TE) increased $17.3 million, or 7%, linked-quarter, driven by increasing rates and a change in the mix of earning assets Tailwinds for additional NIM widening: Future rate increases Continued shift in earnings asset mix Lag in increasing deposit rates NIM Widens as Rates Continue 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

Slide 13

Loans Loans, excluding PPP, totaled $21.7 billion at June 30, 2022 42% fixed, 58% variable (includes hybrid ARMs) 45% ($5.7 billion) of variable loans are LIBOR-based (26% of loan portfolio excluding PPP) 32% ($4.0 billion) of variable loans tied to Wall Street Journal Prime 7% ($857 million) of variable loans tied to SOFR 4% ($519 million) of variable loans tied to AMBR Securities 2Q22 purchases of $472 million ($252 million with excess liquidity and $220 million in reinvestment of runoff on bond portfolio) at an average yield of 3.42% Growth in securities portfolio over 2H22 likely limited to reinvesting cash flows and maturities Swaps/ Hedges (See slide 29 for more information) $1.75 billion of active receive fixed/pay 1 month LIBOR/SOFR swaps designated as Cash Flow Hedges on the balance sheet; provides NII support and extends asset duration $1.3 billion of pay fixed/receive Fed Effective swaps designated as Fair Value Hedges on $1.4 billion of securities; provides OCI protection and flexibility to reposition and/or reprice the hedged assets in a changing rate environment Deposits Deposits totaled $29.9 billion at June 30, 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 Total loan beta 24% (1Q22 – 2Q22) Total deposit beta 3% (1Q22 – 2Q22) 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 IRR Sensitivity Table     HWC   HWC (Hedges Removed)   As of 2Q22 As of 2Q22 Immediate 100 bps 5.6% 6.9% Gradual 100 bps 2.5% 3.1% Gradual 200 bps 5.0% 6.1%

Slide 14

Linked-Quarter Improvement in Overall Fees Noninterest income totaled $85.7 million, up $2.2 million, or 3% linked-quarter Decline in service charges due to lower net NSF/OD fees Bank card and ATM fees increase related to an additional processing day Increase in trust fees driven by seasonal tax preparation fees and higher rates Secondary mortgage fees continue to decrease due to a slowdown in refinancing activity related to today’s higher rate environment Noninterest Income Mix 6/30/22 $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

Slide 15

Higher Personnel Costs Drive Overall Increase in Expenses Noninterest expense totaled $187.1 million, up $7.2 million, or 4% linked-quarter Personnel costs were the primary driver of the linked-quarter increase in expenses and were related to: Increased incentive pay and other ($3.5 million) Annual merit increases ($2.2 million) Increased FTE/new bankers/higher wages ($1.1 million) One additional work day in 2Q22 ($1.0 million) Noninterest Expense Mix 6/30/22 $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)

Slide 16

Solid Capital, TCE Again Impacted By OCI CET1 ratio estimated at 11.06%, down 6 bps linked-quarter TCE ratio 7.21%, up 6 bps LQ Tangible net earnings +35 bps Lower tangible assets +34 bps Stock Compensation and other +2 bps Impact of OCI -47 bps Stock buyback -11 bps Dividends -7 bps Repurchased 804,368 shares of Company common stock during 2Q22 at an average price of $47.21 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 June 30, 2022 7.21% 8.68%(e) 11.06%(e) 12.68%(e) March 31, 2022 7.15% 8.38% 11.12% 12.82% 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% (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

Slide 17

2022 Forward Guidance Q2 2022 Actual FY 2022 Outlook Core Loans (EOP) (excl PPP loans) * $21.7 billion (excl PPP loans) Expect 6-8% EOP core loan growth from $20.6B at 12/31/21; expect to be closer to 8% with a potential slowdown in 3Q22 and rebounding in 4Q22 Deposits (EOP) $29.9 billion Expect EOP deposits to remain flat to slightly down from $30.5B at 12/31/21; expect growth in 4Q22 from seasonal year-end deposits Operating Pre-Provision, Net Revenue (PPNR) $146.9 million Expect PPNR to be up 16%-18% from FY 21 ($537.6MM); PPP included in 2021 results totaled $64.4MM vs. $8.2MM YTD 2022* Reserve for Credit Losses $339.5 million or 1.55% of total loans Future assumptions in economic forecasts and our own asset quality metrics will drive level of reserves; we do not foresee additional reserve releases in light of the current economic environment, but instead could see zero or low provisions for the balance of 2022 Noninterest Income $85.7MM Expect noninterest income to be down 1%-3% from FY 21 ($353.4MM); expect to be closer to 3% from continued lower secondary mortgage fees Noninterest Expense $187.1MM Expect operating expense to be down approximately 1%-3% from FY21 ($760.1MM); expect to be closer to 1% from projected higher levels of incentive pay Effective Tax Rate 21.2% 19%-21% Efficiency Ratio 54.95% Expect to maintain ratio below 55% 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 27 for details on PPP loans

Slide 18

Additional Guidance Related to Future Rate Increases Expect to reach a Fed Funds (FF) rate of 3.50% by year-end 2022; future rate assumptions included in guidance: +75 bps July +50 bps September +25 bps November +25 bps December Deposit betas key to maximizing impact of higher rates on NIM Majority of loan rate floors reset with recent Fed rate moves; currently $186 million of floors remain (with FF at 1.75%) and will reset as rates continue to increase; there are no floors remaining once the Fed Funds rate reaches 3.50% $900 million in FOTO advances called in 2Q22; expect remaining advances ($200 million) to be called in 3Q22 June 2022 NIM = 3.24%; July expected to approximate 3.35% Expect for every 25 basis points move in Fed Funds our NIM will widen 4-6 basis points

Slide 19

Efficiency ratio target of 55% achieved in 2Q22 Thoughtful execution of revenue and efficiency strategies 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 Keys to Maintaining 55% Efficiency Ratio Dallas, TX +1 Houston, TX +1 Baton Rouge, LA +1 New Orleans, LA +1 Nashville, TN +1 Gulfport, MS +1 Tampa, FL +1 Revenue Catalyst: new banker hires 7 new bankers were added across the footprint in 2Q22, including middle market, commercial and healthcare, with more planned for 2H22 Target 55%

Slide 20

Positioned Well For Today’s Economic Environment Balance sheet de-risked in early 2020 Credit metrics at historically low levels Robust ACL at 1.56% of loans (excl PPP) Solid capital levels Significant efficiency initiatives executed in 2020/2021 Technology projects nearing completion phases Market disruption(s) from M&A lead to opportunities Best in class deposit mix (almost 50% DDA) Current hedge positions provide NII support and extend asset duration Focus on attracting new bankers in growth markets Proven ability to proactively manage expenses

Slide 21

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

Slide 22

Summary Income Statement ($ in millions, except for per share data) *Non-GAAP measure: see slide 26 for non-GAAP reconciliation       Change Change 2Q22 1Q22 2Q21 LQ Prior Year YTD 2022 YTD 2021 Y-O-Y 248.3 231.0 237.5 17.3 10.8 Net Interest Income (TE) 479.3 475.0 4.3 (9.8) (22.5) (17.2) 12.7 7.4 Provision for Credit Losses (32.3) (22.1) (10.2)                   85.7 83.4 94.3 2.3 (8.6) Noninterest Income 169.1 181.4 (12.3) 187.1 179.9 236.8 7.2 (49.7) Noninterest Expense 367.0 429.8 (62.8)                   154.0 154.5 109.4 (0.5) 44.6 Income before Income Tax 308.5 242.9 65.6 32.6 31.0 20.7 1.6 11.9 Income Tax Expense 63.6 47.0 16.6 121.4 123.5 88.7 (2.1) 32.7 Net Income 244.9 195.9 49.0 146.9 134.5 137.2 12.4 9.7 Operating PPNR (TE)* 281.4 268.7 12.7                   121.4 123.5 88.7 (2.1) 32.7 Net Income 244.9 195.9 49.0 (1.8) (1.9) (1.9) 0.1 0.1 Net Income allocated to participating securities (3.8) (4.2) 0.4 119.6 121.6 86.8 (2.0) 32.8 Net Income available to common shareholders 241.1 191.7 49.4 86.4 86.9 87.0 (0.5) (0.6) Weighted average common shares – diluted (millions) 86.7 86.9 (0.2) 1.38 1.40 1.00 (0.02) 0.38 Reported EPS 2.78 2.20 0.58                   3.04% 2.81% 2.96% 23 bps 8 bps NIM 2.92% 3.02% -10 bps 1.38% 1.39% 1.01% -1 bp 37 bps ROA 1.38% 1.14% 24 bps 14.39% 13.88% 10.20% 51 bps 419 bps ROE 14.13% 11.40% 273 bps 54.95% 56.03% 57.01% -108 bps -206 bps Efficiency Ratio 55.47% 57.56% -209 bps

Slide 23

Summary Balance Sheet ($ in millions) 2Q22 includes $0.2 billion, 1Q22 includes $0.3 billion and 2Q21 includes $1.4 billion in PPP loans, net 2Q22 includes $0.2 billion, 1Q22 includes $0.4 billion and 2Q21 includes $2.0 billion in average PPP loans, net Average securities excludes unrealized gain/(loss) Summary Balance Sheet ($ 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 Change 2Q22 1Q22 2Q21 LQ Prior Year YTD 2022 YTD 2021 Y-O-Y           EOP Balance Sheet 21,846.1 21,323.3 21,148.6 522.8 697.5 Loans (1) 21,846.1 21,148.6 697.5 8,531.4 8,481.1 8,633.1 50.3 (101.7) Securities 8,531.4 8,633.1 (101.7) 31,292.9 32,997.3 32,075.5 (1,704.4) (782.6) Earning Assets 31,292.9 32,075.5 (782.6) 34,637.5 36,317.3 35,098.7 (1,679.8) (461.2) Total Assets 34,637.5 35,098.7 (461.2)                   29,866.4 30,499.7 29,273.1 (633.3) 593.3 Deposits 29,866.4 29,273.1 593.3 630.0 1,620.3 1,516.5 (990.3) (886.5) Short-term borrowings 630.0 1,516.5 (886.5) 31,287.8 32,866.3 31,535.8 (1,578.5) (248.0) Total Liabilities 31,287.8 31,535.8 (248.0) 3,349.7 3,451.0 3,562.9 (101.3) (213.2) Stockholders' Equity 3,349.7 3,562.9 (213.2)                             Avg Balance Sheet       21,657.5 21,122.0 21,388.8 535.5 268.7 Loans (2) 21,391.3 21,566.1 (174.8) 8,979.4 8,687.8 8,194.8 291.6 784.6 Securities (3) 8,834.4 7,833.7 1,000.7 32,780.8 33,201.9 32,195.5 (421.1) 585.3 Average earning assets 32,990.2 31,608.8 1,381.4 35,380.2 36,003.8 35,165.7 (623.6) 214.5 Total Assets 35,690.3 34,624.9 1,065.4                   29,979.9 30,029.8 29,228.8 (49.9) 751.1 Deposits 30,004.7 28,686.8 1,317.9 1,224.2 1,689.9 1,661.0 (465.7) (436.8) Short-term borrowings 1,455.8 1,674.6 (218.8) 31,996.4 32,396.7 31,677.1 (400.3) 319.3 Total Liabilities 32,195.5 31,159.8 1,035.7 3,383.8 3,607.1 3,488.6 (223.3) (104.8) Stockholders' Equity 3,494.8 3,465.2 29.6                   3.86% 3.72% 3.95% 14 bps -9 bps Loan Yield 3.79% 3.98% -19 bps 2.00% 1.98% 1.91% 2 bps 9 bps Securities Yield 1.99% 1.95% 4 bps 0.13% 0.10% 0.18% 3 bps -5 bps Cost of IB Deposits 0.11% 0.21% -10 bps 73.15% 69.91% 72.25% 323 bps 90 bps Loan/Deposit Ratio 73.15% 72.25% 90 bps

Slide 24

Results *Non-GAAP measure: see slide 26 for non-GAAP reconciliation   2Q21 3Q21 4Q21 1Q22 2Q22 Operating PPNR (TE)* ($000) 137,176 134,784 134,152 134,501 146,873 Net Interest Income (TE) ($000) 237,498 237,477 231,931 231,008 248,317 Net Interest Margin (TE) 2.96% 2.94% 2.80% 2.81% 3.04% Operating Noninterest Income* ($000) 91,472 88,785 86,012 83,432 85,653 Operating Expense* ($000) 191,793 191,477 183,791 179,939 187,097 Efficiency Ratio 57.01% 57.44% 56.57% 56.03% 54.95% 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 25

Balance Sheet Summary   2Q21 3Q21 4Q21 1Q22 2Q22 Average Loans ($MM) 21,389 20,941 20,770 21,122 21,658 Average Total Securities ($MM) 8,195 8,369 8,378 8,688 8,979 Average Deposits ($MM) 29,229 29,237 29,751 30,030 29,980 Loan Yield (TE) 3.95% 3.90% 3.83% 3.72% 3.86% Cost of Deposits 0.10% 0.07% 0.06% 0.05% 0.07% Tangible Common Equity Ratio 7.70% 7.85% 7.71% 7.15% 7.21% Balance Sheet Summary   4Q19 1Q20 2Q20 3Q20 4Q20 Average Loans ($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

Slide 26

Operating Revenue (TE), Operating PPNR (TE) Reconciliations   Three Months Ended (in thousands) 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021 Net interest income $245,732 $228,463 $229,296 $234,709 $234,643 Noninterest income 85,653 83,432 89,612 93,361 94,272 Total revenue $331,385 $311,895 $318,908 $328,070 $328,915 Taxable equivalent adjustment 2,585 2,545 2,635 2,768 2,854 Nonoperating revenue — — (3,600) (4,576) (2,800) Operating revenue (TE) $333,970 $314,440 $317,943 $326,262 $328,969 Noninterest expense (187,097) (179,939) (182,462) (194,703) (236,770) Nonoperating expense — — (1,329) 3,225 44,977 Operating expense (187,097) (179,939) (183,791) (191,478) (191,793) Operating pre-provision net revenue (TE) $146,873 $134,501 $134,152 $134,784 $137,176 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) 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021 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

Slide 27

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; $151 million in loans outstanding at June 30, 2022 During 2Q22, $183.5 million in PPP loans were forgiven Expect slowdown in remaining forgiveness Unamortized fees totaled $1.2 million as of June 30, 2022   Quarterly Impact $ in millions except 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 2Q22 151 2.6 3.4 1.8 0.01% 0.03 West 25% Central 39% East 36% HNCOCK WHITNEY 7

Slide 28

Loan Portfolio Composition As of June 30, 2022 HNCOCK WHITNEY 10 Total Loans Outstanding % of Total Loans Commitment ($s in millions) Commercial non-RE $7,355 33.7% $12,705 CRE-owner 2,522 11.5% 2,661 CRE - income producing 3,023 13.8% 3,174 C&D 1,337 6.1% 3,342 Healthcare 1,972 9.0% 2,468 Equipment Finance 1,051 4.8% 1,051 Energy 249 1.1% 382 PPP 151 0.7% 151 Total Commercial 17,660 80.8% 25,934 Mortgage 2,616 12.0% 2,623 Consumer 1,408 6.4% 3,295 Indirect 162 0.7% 162 Grand Total $21,846 100.0% $32,014         For Information Purposes Only (included in categories above)       Hospitality $1,104 5.1% $1,271 Retail $1,891 8.7% $2,315

Slide 29

Current Hedge Positions Cash Flow (CF) Hedges Receive 189 bps versus paying 1m LIBOR/SOFR on $1.75 billion $500 million of CF hedges terminated in 3Q21 will provide NII support of $13.4 million through the remainder of 2022 and 2023 collectively No additional CF hedges were terminated in 2Q22 Total Termination Value on remaining active CF Hedges is approximately ($52) million as of 6/30/22 $475 million of existing CF hedges will mature over the next 8 months Fair Value (FV) Hedges $1.4 billion in securities are hedged with $1.3 billion of FV hedges Duration (Market Price Risk) reduced from approximately 7.4 to 3.3 on hedged securities Terminated $545 million in FV hedges in 2Q22 at a gain of $43 million (will be recognized as a book value adjustment and will increase the asset yield on the underlying assets by 0.94%) Current Termination Value of FV hedges is approximately $62.2 million at 6/30/2022 FV hedges become fully effective beginning January 2024 through July 2026; at that point we pay fixed 1.52% and receive the fed fund effective rate (resulting in these bonds being a variable rate of FF plus 38 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 30

Second Quarter 2022 Earnings Conference Call 7/19/2022 HANCOCK WHITNEY

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