Equibles

8-K

HANCOCK WHITNEY CORP (HWC)

8-K 2024-10-15 For: 2024-10-15
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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): October 15, 2024

________________

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 October 15, 2024, Hancock Whitney Corporation (the “Company”) announced financial results for its third quarter ended September 30, 2024. A copy of this press release and the accompanying financial statements are attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 2.02. The press release is available on the Company’s website.

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

Item 7.01 Regulation FD Disclosure.

On October 15, 2024 at 3:30 p.m. (Central Time), the Company intends to hold an investor call and webcast to discuss financial results for the third quarter ended September 30, 2024, including the press release. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are, along with the press release and financial statements, incorporated herein by reference. All information in the press release and presentation materials speak as of the date thereof and the Company does not assume any obligation to update said information in the future. In addition, the Company disclaims any inferences regarding the materiality of such information which otherwise may arise as a result of it furnishing such information under Item 2.02 or Item 7.01 of this Form 8-K.

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

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit<br><br>Number Description
99.1 Press Release dated October 15, 2024 for Quarter Ended September 30, 2024.
99.2 Presentation Slides dated October 15, 2024 (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
October 15, 2024 By: /s/ Michael M. Achary
Michael M. Achary
Chief Financial Officer

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE<br><br>October 15, 2024

For more information

Kathryn Shrout Mistich, VP, Investor Relations Manager

504.539.7836 or kathryn.mistich@hancockwhitney.com

Hancock Whitney reports third quarter 2024 EPS of $1.33

GULFPORT, Miss. (October 15, 2024) — Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the third quarter of 2024. Net income for the third quarter of 2024 totaled $115.6 million, or $1.33 per diluted common share (EPS), compared to $114.6 million, or $1.31 per diluted common share, in the second quarter of 2024. The company reported net income for the third quarter of 2023 of $97.7 million, or $1.12 per diluted common share.

Third Quarter 2024 Highlights

  • Net income totaled $115.6 million, compared to $114.6 million in the prior quarter
  • Pre-provision net revenue (PPNR) totaled $166.5 million, compared to $156.4 million in the prior quarter
  • Loans decreased $456 million, or 8% linked quarter annualized (LQA)
  • Deposits decreased $218 million, or 3% LQA
  • Criticized commercial loans increased and nonaccrual loans decreased
  • ACL coverage solid at 1.46%, up 3 bps compared to prior quarter
  • NIM 3.39%, up 2 bps compared to prior quarter
  • CET1 ratio estimated at 13.79%, up 54 bps linked-quarter; TCE ratio 9.56%, up 79 bps linked-quarter
  • Efficiency ratio 54.42%, down 176 bps linked-quarter

“The third quarter results reflect the continued strength and stability of our company,” said John M. Hairston, President & CEO. “Our efforts to improve profitability continued with another quarter of 1.32% ROA, additional NIM expansion, fee income growth, and lower operating expenses. Credit metrics continued to normalize with an increase in criticized commercial loans at the end of the quarter. Non-accrual loans were down, and we’ve maintained a solid ACL to loans of 1.46%. Our capital ratios continue to grow due to strong earnings and are at top quartile levels. As we reflect on and celebrate our 125th anniversary, we remain dedicated to demonstrating our strength, stability, and commitment to our shareholders, clients, communities, and associates.”

Loans

Total loans were $23.5 billion at September 30, 2024, down $456.0 million, or 2%, from June 30, 2024. The decrease was primarily due to the runoff of a Shared National Credit portfolio of $254 million as we remain focused on originating more granular loans, and higher payoffs on income-producing commercial real estate loans.

Average loans totaled $23.6 billion for the third quarter of 2024, down $365.4 million, or 2%, linked-quarter. Management expects 2024 period-end loan balances to be flat to down slightly from year-end 2023.

Deposits

Total deposits at September 30, 2024 were $29.0 billion, down $217.8 million, or less than 1%, from June 30, 2024. The linked-quarter decrease in deposits was driven primarily by a decrease in interest-bearing public funds driven by seasonal runoff and a decrease in DDAs. These decreases were partially offset by an increase in interest-bearing transactions and savings deposits due to mid-quarter inflows from equity markets and an increase in retail time deposits despite maturity concentrations and promotional rate reductions during the period.

DDAs totaled $10.5 billion at September 30, 2024, down $142.7 million, or 1%, from June 30, 2024 and comprised 36% of total period-end deposits. Interest-bearing transaction and savings deposits totaled $10.9 billion at the end of the third quarter of 2024, up $81.9 million, or 1%, linked-quarter. Compared to June 30, 2024, retail time deposits of $4.7 billion were up $70.3 million, or 2%, and brokered deposits were $190.5 million, down $9.6 million, or 5%, compared to the prior quarter. Interest-bearingpublic fund deposits decreased $217.6 million, or 7%, linked-quarter, totaling $2.7 billion at September 30, 2024.

Average deposits for the third quarter of 2024 were $28.9 billion, down $128.9 million, or less than 1%, linked-quarter. Management expects 2024 period-end deposit levels to be flat to down slightly from year-end 2023.

Asset Quality

The total allowance for credit losses (ACL) was $342.8 million at September 30, 2024, up $0.5 million, or less than 1%, from June 30, 2024. During the third quarter of 2024, the company recorded a provision for credit losses of $18.6 million, compared to a provision for credit losses of $8.7 million in the second quarter of 2024. There were $18.0 million of net charge-offs in the third quarter of 2024, or 0.30% of average total loans on an annualized basis, compared to net charge-offs of $7.3 million, or 0.12% of average total loans in the second quarter of 2024. The ratio of ACL to period-end loans was 1.46% at September 30, 2024, compared to 1.43% at June 30, 2024.

Criticized commercial loans totaled $508.0 million, or 2.81% of total commercial loans, at September 30, 2024, compared to $379.8 million, or 2.05% of total commercial loans at June 30, 2024. Nonaccrual loans totaled $82.9 million, or 0.35% of total loans, at September 30, 2024, compared to $86.3 million, or 0.36% of total loans, at June 30, 2024. ORE and foreclosed assets were $27.7 million at September 30, 2024, up $25.6 million, compared to June 30, 2024, largely due to property from one commercial borrower.

Net Interest Income and Net Interest Margin (NIM)

Net interest income (TE) for the third quarter of 2024 was $274.5 million, an increase of $1.2 million, or less than 1%, from the second quarter of 2024. The net interest margin (NIM) (TE) was 3.39% in the third quarter of 2024, up 2 bps linked-quarter. Higher rates on loans (+2 bps), higher securities yields (+1 bp) and a favorable borrowing mix (+1 bp), led to a 4 basis point improvement in NIM, partially offset by the change in deposit rates (-2 bps).

Average earning assets were $32.3 billion for the third quarter of 2024, down $275.6 million, or less than 1%, from the second quarter of 2024.

Noninterest Income

Noninterest income totaled $95.9 million for the third quarter of 2024, up $6.7 million, or 8%, from the second quarter of 2024.

Service charges on deposits were up $0.9 million, or 4%, from the second quarter of 2024, due to higher account activity. Bank card and ATM fees were down $0.2 million, or 1%, from the second quarter of 2024.

Investment and annuity income and insurance fees were up $1.1 million, or 11%, linked-quarter, related to sales and recurring fees on higher market value securities. Trust fees were down $0.5 million, or 2% linked-quarter. Fees from secondary mortgage operations totaled $3.4 million for the third quarter of 2024, down $0.2 million, or 5%, linked-quarter.

Other noninterest income was $18.8 million in the third quarter of 2024, up $5.6 million, or 42%, from the second quarter of 2024, due to higher derivative income, SBIC income, BOLI and SBA loan income.

Noninterest Expense & Taxes

Noninterest expense totaled $203.8 million, down $2.2 million, or 1% linked-quarter.

Personnel expense totaled $115.8 million in the third quarter of 2024, down $3.0 million, or 2%, linked-quarter. The decrease was due to a decrease in full-time equivalent employees and higher loan fee deferrals (FAS91). Net occupancy and equipment expense totaled $18.1 million in the third quarter of 2024, up $0.7 million, or 4%, from the second quarter of 2024, due to routine maintenance and hardware replacements. Amortization of intangibles totaled $2.3 million for the third quarter of 2024, down $0.1 million, or 4%, linked-quarter.

ORE and other foreclosed assets was a net gain of $0.4 million in the third quarter of 2024, compared to a net gain of $1.1 million in the second quarter of 2024.

Other expense totaled $68.1 million in the third quarter of 2024, down $0.5 million or less than 1%, linked-quarter.

The effective income tax rate for the third quarter of 2024 was 20.4%.

Capital

Common stockholders’ equity at September 30, 2024 totaled $4.2 billion, up $254.0 million, or 6%, from June 30, 2024. The tangible common equity (TCE) ratio was 9.56%, up 79 bps linked-quarter. The company’s CET1 ratio is estimated to be 13.79% at September 30, 2024, up 54 bps linked-quarter. Total risk-based capital ratio is estimated to be 15.57% at September 30, 2024, up 57 bps linked-quarter. During the third quarter of 2024, the company repurchased 300,000 shares of its common stock at an average price of $50.60 per share. This stock repurchase is pursuant to the company’s share buyback program (authorizing the repurchase of up to 4,297,000 shares of the company’s outstanding common stock), which is set to expire on December 31, 2024. To-date the company has repurchased 612,993 shares under this buyback program.

Conference Call and Slide Presentation

Management will host a conference call for analysts and investors at 3:30 p.m. Central Time on Tuesday, October 15, 2024 to review third quarter of 2024 results. A live listen-only webcast of the call will be available under the Investor Relations section of Hancock Whitney’s website at investors.hancockwhitney.com. A link to the release with additional financial tables, and a link to a slide presentation related to third quarter results are also posted as part of the webcast link. To participate in the Q&A portion of the call, dial 888-210-2654 or 646-960-0278, access code 6914431.

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 October 22, 2024 by dialing 800-770-2030 or 609-800-9909, access code 6914431.

About Hancock Whitney

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

Non-GAAP Financial Measures

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

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

The company presents certain additional non-GAAP financial measures to assist the reader with a better understanding of the company’s performance period over period, as well as to provide investors with assistance in understanding the success management has experienced in executing its strategic initiatives. The company highlights certain items that are outside of our principal business and/or are not indicative of forward-looking trends in supplemental disclosures items below our GAAP financial data and presents certain “Adjusted” ratios that exclude these disclosed items. These adjusted ratios provide management or the reader with a measure that may be more indicative of forward-looking trends in our business, as well as demonstrates the effects of significant gains or losses and changes.

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

Important Cautionary Statement about Forward-Looking Statements

This release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit losses, capital levels, deposits (including growth, pricing, and betas), investment portfolio, other sources of liquidity, loan growth expectations, management’s predictions about charge-offs for loans, general economic business conditions in our local markets, Federal Reserve action with respect to interest

rates, the effects of war or other conflicts, acts of terrorism, climate change, the impact of natural or man-made disasters, the adequacy of our enterprise risk management framework, potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings, assessments, and enforcement actions, as well as the impact of negative developments affecting the banking industry and the resulting media coverage; the potential impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, success of revenue-generating and cost reduction initiatives, the effectiveness of derivative financial instruments and hedging activities to manage risks, projected tax rates, increased cybersecurity risks, including potential business disruptions or financial losses, the adequacy of our internal controls over financial and non-financial reporting, the financial impact of regulatory requirements and tax reform legislation, deposit trends, credit quality trends, the impact of current and future economic conditions, including the effects of declines in the real estate market, high unemployment, inflationary pressures, increasing insurance costs, elevated interest rates, including the impact of changes in interest rates on our financial projections, models and guidance and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing, net interest margin trends, future expense levels, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts, 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, 2023, and in other periodic reports that we file with the SEC.

HANCOCK WHITNEY CORPORATION
FINANCIAL HIGHLIGHTS
(Unaudited)
Three Months Ended Nine Months Ended
(dollars and common share data in thousands, except per share amounts) 9/30/2024 6/30/2024 9/30/2023 9/30/2024 9/30/2023
NET INCOME
Net interest income $ 271,764 $ 270,430 $ 269,234 $ 808,365 $ 828,139
Net interest income (TE) (a) 274,457 273,258 272,086 816,716 836,412
Provision for credit losses 18,564 8,723 28,498 40,255 42,151
Noninterest income 95,895 89,174 85,974 272,920 249,529
Noninterest expense 203,839 206,016 204,675 617,577 607,697
Income tax expense 29,684 30,308 24,297 84,712 85,821
Net income $ 115,572 $ 114,557 $ 97,738 $ 338,741 $ 341,999
Supplemental disclosure items - included above, pre-tax
Included in noninterest expense
FDIC special assessment $ — $ — $ — $ 3,800 $ —
PERIOD-END BALANCE SHEET DATA
Loans $ 23,455,587 $ 23,911,616 $ 23,983,679 $ 23,455,587 $ 23,983,679
Securities 7,769,780 7,535,836 7,916,101 7,769,780 7,916,101
Earning assets 32,045,222 32,056,415 32,733,591 32,045,222 32,733,591
Total assets 35,238,107 35,412,291 36,298,301 35,238,107 36,298,301
Noninterest-bearing deposits 10,499,476 10,642,213 11,626,371 10,499,476 11,626,371
Total deposits 28,982,905 29,200,718 30,320,337 28,982,905 30,320,337
Common stockholders' equity 4,174,687 3,920,718 3,501,003 4,174,687 3,501,003
AVERAGE BALANCE SHEET DATA
Loans $ 23,552,002 $ 23,917,361 $ 23,830,724 $ 23,759,083 $ 23,526,808
Securities (b) 8,218,896 8,214,172 8,888,477 8,210,192 9,010,201
Earning assets 32,263,748 32,539,363 33,137,565 32,452,619 33,171,798
Total assets 34,780,386 34,998,880 35,626,927 34,959,722 35,665,505
Noninterest-bearing deposits 10,359,390 10,526,903 11,453,236 10,519,199 12,184,410
Total deposits 28,940,163 29,069,097 29,757,180 29,189,160 29,311,176
Common stockholders' equity 4,021,211 3,826,296 3,572,487 3,889,265 3,518,105
COMMON SHARE DATA
Earnings per share - diluted $ 1.33 $ 1.31 $ 1.12 $ 3.88 $ 3.92
Cash dividends per share 0.40 0.40 0.30 1.10 0.90
Book value per share (period-end) 48.47 45.40 40.64 48.47 40.64
Tangible book value per share (period-end) 38.10 35.04 30.16 38.10 30.16
Weighted average number of shares - diluted 86,560 86,765 86,437 86,650 86,368
Period-end number of shares 86,136 86,355 86,148 86,136 86,148
Market data
High sales price $ 57.78 $ 49.11 $ 45.15 $ 57.78 $ 54.38
Low sales price 45.26 41.56 35.34 41.19 31.02
Period-end closing price 51.17 47.83 36.99 51.17 36.99
Trading volume 35,017 29,308 34,506 94,834 112,391
PERFORMANCE RATIOS
Return on average assets 1.32 % 1.32 % 1.09 % 1.29 % 1.28 %
Return on average common equity 11.43 % 12.04 % 10.85 % 11.63 % 13.00 %
Return on average tangible common equity 14.70 % 15.73 % 14.53 % 15.12 % 17.51 %
Tangible common equity ratio (c) 9.56 % 8.77 % 7.34 % 9.56 % 7.34 %
Net interest margin (TE) 3.39 % 3.37 % 3.27 % 3.36 % 3.37 %
Noninterest income as a percentage of total revenue (TE) 25.89 % 24.60 % 24.01 % 25.05 % 22.98 %
Efficiency ratio (d) 54.42 % 56.18 % 56.38 % 55.67 % 55.14 %
Average loan/deposit ratio 81.38 % 82.28 % 80.08 % 81.40 % 80.27 %
Allowance for loan losses as a percentage of period-end loans 1.35 % 1.32 % 1.28 % 1.35 % 1.28 %
Allowance for credit losses as a percentage of period-end loans (e) 1.46 % 1.43 % 1.40 % 1.46 % 1.40 %
Annualized net charge-offs to average loans 0.30 % 0.12 % 0.64 % 0.19 % 0.27 %
Allowance for loan losses as a % of nonaccrual loans 382.87 % 366.54 % 507.68 % 382.87 % 507.68 %
FTE headcount 3,458 3,541 3,681 3,458 3,681
(a) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(b) Average securities does not include unrealized holding gains/losses on available for sale securities.
(c) The tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets.
(d) The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items noted above.
(e) The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.
HANCOCK WHITNEY CORPORATION
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QUARTERLY FINANCIAL HIGHLIGHTS
(Unaudited)
Three Months Ended
(dollars and common share data in thousands, except per share amounts) 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
NET INCOME
Net interest income $ 271,764 $ 270,430 $ 266,171 $ 269,460 $ 269,234
Net interest income (TE) (a) 274,457 273,258 269,001 272,294 272,086
Provision for credit losses 18,564 8,723 12,968 16,952 28,498
Noninterest income 95,895 89,174 87,851 38,951 85,974
Noninterest expense 203,839 206,016 207,722 229,151 204,675
Income tax expense 29,684 30,308 24,720 11,705 24,297
Net income $ 115,572 $ 114,557 $ 108,612 $ 50,603 $ 97,738
Supplemental disclosure items - included above, pre-tax
Included in noninterest income
Gain on sale of parking facility $ — $ — $ — $ 16,126 $ —
Loss on securities portfolio restructure — — — (65,380 ) —
Included in noninterest expense
FDIC special assessment — — 3,800 26,123 —
PERIOD-END BALANCE SHEET DATA
Loans $ 23,455,587 $ 23,911,616 $ 23,970,938 $ 23,921,917 $ 23,983,679
Securities 7,769,780 7,535,836 7,559,182 7,599,974 7,916,101
Earning assets 32,045,222 32,056,415 31,985,610 32,175,097 32,733,591
Total assets 35,238,107 35,412,291 35,247,119 35,578,573 36,298,301
Noninterest-bearing deposits 10,499,476 10,642,213 10,802,127 11,030,515 11,626,371
Total deposits 28,982,905 29,200,718 29,775,906 29,690,059 30,320,337
Common stockholders' equity 4,174,687 3,920,718 3,853,436 3,803,661 3,501,003
AVERAGE BALANCE SHEET DATA
Loans $ 23,552,002 $ 23,917,361 $ 23,810,163 $ 23,795,681 $ 23,830,724
Securities (b) 8,218,896 8,214,172 8,197,410 8,579,444 8,888,477
Earning assets 32,263,748 32,539,363 32,556,821 33,128,130 33,137,565
Total assets 34,780,386 34,998,880 35,101,869 35,538,300 35,626,927
Noninterest-bearing deposits 10,359,390 10,526,903 10,673,060 11,132,354 11,453,236
Total deposits 28,940,163 29,069,097 29,560,956 29,974,941 29,757,180
Common stockholders' equity 4,021,211 3,826,296 3,818,840 3,560,978 3,572,487
COMMON SHARE DATA
Earnings per share - diluted $ 1.33 $ 1.31 $ 1.24 $ 0.58 $ 1.12
Cash dividends per share 0.40 0.40 0.30 0.30 0.30
Book value per share (period-end) 48.47 45.40 44.49 44.05 40.64
Tangible book value per share (period-end) 38.10 35.04 34.12 33.63 30.16
Weighted average number of shares - diluted 86,560 86,765 86,726 86,604 86,437
Period-end number of shares 86,136 86,355 86,622 86,345 86,148
Market data
High sales price $ 57.78 $ 49.11 $ 49.10 $ 49.65 $ 45.15
Low sales price 45.26 41.56 41.19 32.16 35.34
Period-end closing price 51.17 47.83 46.04 48.59 36.99
Trading volume 35,017 29,308 30,508 38,574 34,506
PERFORMANCE RATIOS
Return on average assets 1.32 % 1.32 % 1.24 % 0.56 % 1.09 %
Return on average common equity 11.43 % 12.04 % 11.44 % 5.64 % 10.85 %
Return on average tangible common equity 14.70 % 15.73 % 14.96 % 7.55 % 14.53 %
Tangible common equity ratio (c) 9.56 % 8.77 % 8.61 % 8.37 % 7.34 %
Net interest margin (TE) 3.39 % 3.37 % 3.32 % 3.27 % 3.27 %
Noninterest income as a percentage of total revenue (TE) 25.89 % 24.60 % 24.62 % 12.51 % 24.01 %
Efficiency ratio (d) 54.42 % 56.18 % 56.44 % 55.58 % 56.38 %
Average loan/deposit ratio 81.38 % 82.28 % 80.55 % 79.39 % 80.08 %
Allowance for loan losses as a percentage of period-end loans 1.35 % 1.32 % 1.31 % 1.29 % 1.28 %
Allowance for credit losses as a percentage of period-end loans (e) 1.46 % 1.43 % 1.42 % 1.41 % 1.40 %
Annualized net charge-offs to average loans 0.30 % 0.12 % 0.15 % 0.27 % 0.64 %
Allowance for loan losses as a % of nonaccrual loans 382.87 % 366.54 % 382.21 % 521.56 % 507.68 %
FTE headcount 3,458 3,541 3,564 3,591 3,681
(a) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(b) Average securities does not include unrealized holding gains/losses on available for sale securities.
(c) The tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets.
(d) The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosures noted above.
(e) The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.
HANCOCK WHITNEY CORPORATION
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
INCOME STATEMENT
(Unaudited)
Three Months Ended Nine Months Ended
(dollars in thousands, except per share data) 9/30/2024 6/30/2024 9/30/2023 9/30/2024 9/30/2023
NET INCOME
Interest income $ 429,476 $ 427,545 $ 415,827 $ 1,278,705 $ 1,193,703
Interest income (TE) (f) 432,169 430,373 418,679 1,287,056 1,201,976
Interest expense 157,712 157,115 146,593 470,340 365,564
Net interest income (TE) 274,457 273,258 272,086 816,716 836,412
Provision for credit losses 18,564 8,723 28,498 40,255 42,151
Noninterest income 95,895 89,174 85,974 272,920 249,529
Noninterest expense 203,839 206,016 204,675 617,577 607,697
Income before income taxes 145,256 144,865 122,035 423,453 427,820
Income tax expense 29,684 30,308 24,297 84,712 85,821
Net income $ 115,572 $ 114,557 $ 97,738 $ 338,741 $ 341,999
Supplemental disclosure items - included above, pre-tax
Included in noninterest expense
FDIC special assessment $ — $ — $ — $ 3,800 $ —
NONINTEREST INCOME
Service charges on deposit accounts $ 23,144 $ 22,275 $ 22,264 $ 67,658 $ 64,377
Trust fees 18,014 18,473 16,593 53,564 50,720
Bank card and ATM fees 21,639 21,827 20,555 64,088 62,258
Investment and annuity fees and insurance commissions 10,890 9,789 8,520 32,523 25,628
Secondary mortgage market operations 3,379 3,546 2,609 9,816 7,076
Other income 18,829 13,264 15,433 45,271 39,470
Total noninterest income $ 95,895 $ 89,174 $ 85,974 $ 272,920 $ 249,529
NONINTEREST EXPENSE
Personnel expense $ 115,771 $ 118,726 $ 116,266 $ 355,654 $ 346,453
Net occupancy and equipment expense 18,127 17,470 18,210 53,220 52,902
Other real estate and foreclosed assets (income) expense, net (411 ) (1,099 ) (26 ) (1,706 ) (153 )
Other expense 68,060 68,530 67,412 203,202 199,611
Amortization of intangibles 2,292 2,389 2,813 7,207 8,884
Total noninterest expense $ 203,839 $ 206,016 $ 204,675 $ 617,577 $ 607,697
COMMON SHARE DATA
Earnings per share:
Basic $ 1.33 $ 1.31 $ 1.12 $ 3.89 $ 3.93
Diluted 1.33 1.31 1.12 3.88 3.92
(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) 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
NET INCOME
Interest income $ 429,476 $ 427,545 $ 421,684 $ 426,794 $ 415,827
Interest income (TE) (f) 432,169 430,373 424,514 429,628 418,679
Interest expense 157,712 157,115 155,513 157,334 146,593
Net interest income (TE) 274,457 273,258 269,001 272,294 272,086
Provision for credit losses 18,564 8,723 12,968 16,952 28,498
Noninterest income 95,895 89,174 87,851 38,951 85,974
Noninterest expense 203,839 206,016 207,722 229,151 204,675
Income before income taxes 145,256 144,865 133,332 62,308 122,035
Income tax expense 29,684 30,308 24,720 11,705 24,297
Net income $ 115,572 $ 114,557 $ 108,612 $ 50,603 $ 97,738
Supplemental disclosure items - included above, pre-tax
Included in noninterest income
Gain on sale of parking facility $ — $ — $ — $ 16,126 $ —
Loss on securities portfolio restructure — — — (65,380 ) —
Included in noninterest expense
FDIC special assessment — — 3,800 26,123 —
NONINTEREST INCOME
Service charges on deposit accounts $ 23,144 $ 22,275 $ 22,239 $ 21,643 $ 22,264
Trust fees 18,014 18,473 17,077 16,845 16,593
Bank card and ATM fees 21,639 21,827 20,622 20,708 20,555
Investment and annuity fees and insurance commissions 10,890 9,789 11,844 11,086 8,520
Secondary mortgage market operations 3,379 3,546 2,891 2,083 2,609
Securities transactions, net — — — (65,380 ) —
Other income 18,829 13,264 13,178 31,966 15,433
Total noninterest income $ 95,895 $ 89,174 $ 87,851 $ 38,951 $ 85,974
NONINTEREST EXPENSE
Personnel expense $ 115,771 $ 118,726 $ 121,157 $ 114,342 $ 116,266
Net occupancy and equipment expense 18,127 17,470 17,623 17,523 18,210
Other real estate and foreclosed assets (income) expense, net (411 ) (1,099 ) (196 ) (471 ) (26 )
Other expense 68,060 68,530 66,612 95,085 67,412
Amortization of intangibles 2,292 2,389 2,526 2,672 2,813
Total noninterest expense $ 203,839 $ 206,016 $ 207,722 $ 229,151 $ 204,675
COMMON SHARE DATA
Earnings per share:
Basic $ 1.33 $ 1.31 $ 1.25 $ 0.58 $ 1.12
Diluted 1.33 1.31 1.24 0.58 1.12
(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) 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023
ASSETS
Commercial non-real estate loans $ 9,588,309 $ 9,847,759 $ 9,926,333 $ 9,957,284 $ 10,075,585
Commercial real estate - owner occupied loans 3,096,173 3,094,258 3,080,192 3,093,763 3,081,327
Total commercial and industrial loans 12,684,482 12,942,017 13,006,525 13,051,047 13,156,912
Commercial real estate - income producing loans 3,988,661 4,053,812 4,042,797 3,986,943 4,027,553
Construction and land development loans 1,423,615 1,528,393 1,541,773 1,551,091 1,614,846
Residential mortgage loans 3,988,309 4,000,211 3,983,321 3,886,072 3,721,106
Consumer loans 1,370,520 1,387,183 1,396,522 1,446,764 1,463,262
Total loans 23,455,587 23,911,616 23,970,938 23,921,917 23,983,679
Loans held for sale 24,624 27,354 16,470 26,124 15,862
Securities 7,769,780 7,535,836 7,559,182 7,599,974 7,916,101
Short-term investments 795,231 581,609 439,020 627,082 817,949
Earning assets 32,045,222 32,056,415 31,985,610 32,175,097 32,733,591
Allowance for loan losses (317,271 ) (316,148 ) (313,726 ) (307,907 ) (306,291 )
Goodwill and other intangible assets 892,883 895,175 897,564 900,090 902,762
Other assets 2,617,273 2,776,849 2,677,671 2,811,293 2,968,239
Total assets $ 35,238,107 $ 35,412,291 $ 35,247,119 $ 35,578,573 $ 36,298,301
LIABILITIES
Noninterest-bearing deposits $ 10,499,476 $ 10,642,213 $ 10,802,127 $ 11,030,515 $ 11,626,371
Interest-bearing transaction and savings deposits 10,895,521 10,813,648 10,954,231 10,659,970 10,668,241
Interest-bearing public fund deposits 2,704,106 2,921,724 3,066,270 3,143,015 2,853,236
Time deposits 4,883,802 4,823,133 4,953,278 4,856,559 5,172,489
Total interest-bearing deposits 18,483,429 18,558,505 18,973,779 18,659,544 18,693,966
Total deposits 28,982,905 29,200,718 29,775,906 29,690,059 30,320,337
Short-term borrowings 1,265,944 1,363,959 667,760 1,154,829 1,425,928
Long-term debt 236,431 236,393 236,355 236,317 236,279
Other liabilities 578,140 690,503 713,662 693,707 814,754
Total liabilities 31,063,420 31,491,573 31,393,683 31,774,912 32,797,298
COMMON STOCKHOLDERS' EQUITY
Common stock net of treasury and capital surplus 2,032,599 2,041,597 2,049,215 2,049,184 2,044,611
Retained earnings 2,617,584 2,537,057 2,457,736 2,375,604 2,351,386
Accumulated other comprehensive (loss) (475,496 ) (657,936 ) (653,515 ) (621,127 ) (894,994 )
Total common stockholders' equity 4,174,687 3,920,718 3,853,436 3,803,661 3,501,003
Total liabilities & stockholders' equity $ 35,238,107 $ 35,412,291 $ 35,247,119 $ 35,578,573 $ 36,298,301
CAPITAL RATIOS
Tangible common equity $ 3,281,804 $ 3,025,543 $ 2,955,872 $ 2,903,571 $ 2,598,241
Tier 1 capital (g) 3,800,571 3,726,751 3,652,180 3,584,474 3,552,824
Common equity as a percentage of total assets 11.85 % 11.07 % 10.93 % 10.69 % 9.65 %
Tangible common equity ratio 9.56 % 8.77 % 8.61 % 8.37 % 7.34 %
Leverage (Tier 1) ratio (g) 11.03 % 10.71 % 10.49 % 10.10 % 10.01 %
Common equity tier 1 (CET1) ratio (g) 13.79 % 13.25 % 12.65 % 12.33 % 12.06 %
Tier 1 risk-based capital ratio (g) 13.79 % 13.25 % 12.65 % 12.33 % 12.06 %
Total risk-based capital ratio (g) 15.57 % 15.00 % 14.34 % 13.93 % 13.63 %
(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 Nine Months Ended
(in thousands) 9/30/2024 6/30/2024 9/30/2023 9/30/2024 9/30/2023
ASSETS
Commercial non-real estate loans $ 9,631,318 $ 9,839,115 $ 10,057,941 $ 9,758,388 $ 9,984,957
Commercial real estate - owner occupied loans 3,092,836 3,083,561 3,060,659 3,086,179 3,068,259
Total commercial and industrial loans 12,724,154 12,922,676 13,118,600 12,844,567 13,053,216
Commercial real estate - income producing loans 4,028,195 4,090,000 3,822,711 4,035,934 3,756,906
Construction and land development loans 1,427,592 1,519,879 1,737,658 1,499,923 1,748,508
Residential mortgage loans 3,996,986 4,000,570 3,669,922 3,986,899 3,452,799
Consumer loans 1,375,075 1,384,236 1,481,833 1,391,760 1,515,379
Total loans 23,552,002 23,917,361 23,830,724 23,759,083 23,526,808
Loans held for sale 26,565 24,980 43,390 22,344 30,563
Securities (h) 8,218,896 8,214,172 8,888,477 8,210,192 9,010,201
Short-term investments 466,285 382,850 374,974 461,000 604,226
Earning assets 32,263,748 32,539,363 33,137,565 32,452,619 33,171,798
Allowance for loan losses (317,969 ) (316,039 ) (315,371 ) (315,229 ) (312,081 )
Goodwill and other intangible assets 893,997 896,330 904,127 896,361 907,037
Other assets 1,940,610 1,879,226 1,900,606 1,925,971 1,898,751
Total assets $ 34,780,386 $ 34,998,880 $ 35,626,927 $ 34,959,722 $ 35,665,505
LIABILITIES AND COMMON STOCKHOLDERS' EQUITY
Noninterest-bearing deposits $ 10,359,390 $ 10,526,903 $ 11,453,236 $ 10,519,199 $ 12,184,410
Interest-bearing transaction and savings deposits 10,905,268 10,728,709 10,583,224 10,812,730 10,570,452
Interest-bearing public fund deposits 2,770,592 2,967,284 2,851,965 2,951,764 2,996,975
Time deposits 4,904,913 4,846,201 4,868,755 4,905,467 3,559,339
Total interest-bearing deposits 18,580,773 18,542,194 18,303,944 18,669,961 17,126,766
Total deposits 28,940,163 29,069,097 29,757,180 29,189,160 29,311,176
Short-term borrowings 972,148 1,138,893 1,311,049 965,036 1,929,204
Long-term debt 236,412 236,374 236,260 236,374 240,099
Other liabilities 610,452 728,220 749,951 679,887 666,921
Common stockholders' equity 4,021,211 3,826,296 3,572,487 3,889,265 3,518,105
Total liabilities & stockholders' equity $ 34,780,386 $ 34,998,880 $ 35,626,927 $ 34,959,722 $ 35,665,505
(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)
6/30/2024 9/30/2023
(dollars in millions) Interest Rate Average<br>  Balance Interest Rate Average<br> Balance Interest Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i) 18,179.9 $ 298.5 6.53 % $ 18,532.6 $ 301.4 6.54 % $ 18,679.0 $ 294.1 6.25 %
Residential mortgage loans 3,997.0 39.9 3.99 % 4,000.6 37.7 3.77 % 3,669.9 33.7 3.67 %
Consumer loans 1,375.1 30.6 8.85 % 1,384.2 30.6 8.90 % 1,481.8 32.2 8.61 %
Loan fees & late charges — 1.9 0.00 % — 2.0 0.00 % — 0.3 0.00 %
Total loans (TE) (j) (k) 23,552.0 370.9 6.27 % 23,917.4 371.7 6.24 % 23,830.7 360.3 6.01 %
Loans held for sale 26.5 0.6 8.63 % 25.0 0.4 7.06 % 43.4 0.8 7.30 %
US Treasury and government agency securities 556.4 4.1 2.92 % 531.9 3.7 2.80 % 535.3 3.4 2.52 %
CMOs and mortgage backed securities 6,807.9 44.2 2.60 % 6,807.4 43.2 2.54 % 7,450.5 42.7 2.29 %
Municipals (TE) 831.1 6.2 2.96 % 851.4 6.3 2.96 % 879.2 6.5 2.98 %
Other securities 23.5 0.2 3.86 % 23.5 0.2 3.86 % 23.5 0.2 3.51 %
Total securities (TE) (l) 8,218.9 54.7 2.66 % 8,214.2 53.4 2.60 % 8,888.5 52.8 2.37 %
Total short-term investments 466.3 6.0 5.16 % 382.8 4.9 5.14 % 375.0 4.8 5.08 %
Average earning assets yield (TE) 32,263.7 $ 432.2 5.34 % $ 32,539.4 $ 430.4 5.31 % $ 33,137.6 $ 418.7 5.02 %
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits 10,905.3 $ 65.1 2.37 % $ 10,728.7 $ 61.4 2.30 % $ 10,583.2 $ 51.4 1.93 %
Time deposits 4,904.9 57.5 4.66 % 4,846.2 56.8 4.71 % 4,868.7 53.8 4.38 %
Public funds 2,770.6 24.6 3.54 % 2,967.3 26.4 3.58 % 2,852.0 25.6 3.57 %
Total interest-bearing deposits 18,580.8 147.2 3.15 % 18,542.2 144.6 3.14 % 18,303.9 130.8 2.84 %
Short-term borrowings 972.2 7.4 3.04 % 1,138.9 9.4 3.33 % 1,311.0 12.7 3.85 %
Long-term debt 236.4 3.1 5.18 % 236.4 3.1 5.19 % 236.3 3.1 5.19 %
Total borrowings 1,208.6 10.5 3.46 % 1,375.3 12.5 3.65 % 1,547.3 15.8 4.06 %
Total interest-bearing liabilities cost 19,789.4 157.7 3.17 % 19,917.5 157.1 3.17 % 19,851.2 146.6 2.93 %
Net interest-free funding sources 12,474.3 12,621.9 13,286.4
Total cost of funds 32,263.7 157.7 1.94 % 32,539.4 157.1 1.94 % 33,137.6 146.6 1.76 %
Net Interest Spread (TE) $ 274.5 2.17 % $ 273.3 2.14 % $ 272.1 2.09 %
Net Interest Margin (TE) 32,263.7 $ 274.5 3.39 % $ 32,539.4 $ 273.3 3.37 % $ 33,137.6 $ 272.1 3.27 %
(i) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(j) Includes nonaccrual loans.
(k) Included in interest income is net purchase accounting accretion of 0.5 million, 0.8 million and 0.6 million for the three months ended September 30, 2024, June 30, 2024, and September 30, 2023, respectively.
(l) Average securities does not include unrealized holding gains/losses on available for sale securities.

All values are in US Dollars.

HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY
(Unaudited)
9/30/2023
(dollars in millions) Interest Rate Average<br> Balance Interest Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i) 18,380.4 $ 895.6 6.51 % $ 18,558.6 $ 834.2 6.01 %
Residential mortgage loans 3,986.9 114.5 3.83 % 3,452.8 93.1 3.60 %
Consumer loans 1,391.8 92.5 8.88 % 1,515.4 92.1 8.12 %
Loan fees & late charges — 4.8 0.00 % — (0.1 ) 0.00 %
Total loans (TE) (j) (k) 23,759.1 1,107.4 6.22 % 23,526.8 1,019.3 5.79 %
Loans held for sale 22.3 1.3 7.88 % 30.6 1.4 6.38 %
US Treasury and government agency securities 534.7 11.2 2.80 % 538.0 10.1 2.50 %
CMOs and mortgage backed securities 6,802.6 129.8 2.54 % 7,556.0 129.2 2.28 %
Municipals (TE) 849.4 18.9 2.96 % 892.7 20.0 2.98 %
Other securities 23.5 0.7 3.74 % 23.5 0.6 3.51 %
Total securities (TE) (l) 8,210.2 160.6 2.61 % 9,010.2 159.9 2.37 %
Total short-term investments 461.0 17.7 5.13 % 604.2 21.4 4.73 %
Average earning assets yield (TE) 32,452.6 $ 1,287.0 5.30 % $ 33,171.8 $ 1,202.0 4.84 %
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits 10,812.7 $ 186.6 2.31 % $ 10,570.5 $ 120.0 1.52 %
Time deposits 4,905.5 173.3 4.72 % 3,559.3 104.1 3.91 %
Public funds 2,951.8 79.4 3.59 % 2,997.0 73.7 3.29 %
Total interest-bearing deposits 18,670.0 439.3 3.14 % 17,126.8 297.8 2.32 %
Short-term borrowings 965.0 21.8 3.02 % 1,929.2 58.5 4.06 %
Long-term debt 236.4 9.2 5.19 % 240.1 9.3 5.14 %
Total borrowings 1,201.4 31.0 3.45 % 2,169.3 67.8 4.18 %
Total interest-bearing liabilities cost 19,871.4 470.3 3.16 % 19,296.1 365.6 2.53 %
Net interest-free funding sources 12,581.2 13,875.7
Total cost of funds 32,452.6 470.3 1.94 % 33,171.8 365.6 1.47 %
Net Interest Spread (TE) $ 816.7 2.13 % $ 836.4 2.31 %
Net Interest Margin (TE) 32,452.6 $ 816.7 3.36 % $ 33,171.8 $ 836.4 3.37 %
(i) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(j) Includes nonaccrual loans.
(k) Included in interest income is net purchase accounting accretion of 1.6 million and 2.1 million for the nine months ended September 30, 2024 and 2023, respectively.
(l) Average securities does not include unrealized holding gains/losses on available for sale securities.

All values are in US Dollars.

HANCOCK WHITNEY CORPORATION
ASSET QUALITY INFORMATION
(Unaudited)
Nine Months Ended
(dollars in thousands) 6/30/2024 9/30/2023 9/30/2024 9/30/2023
Nonaccrual loans (m) 82,866 $ 86,253 $ 60,331 $ 82,866 $ 60,331
ORE and foreclosed assets 27,732 2,114 4,527 27,732 4,527
Total nonaccrual loans + ORE and foreclosed assets 110,598 $ 88,367 $ 64,858 $ 110,598 $ 64,858
Nonaccrual loans as a percentage of loans 0.35 % 0.36 % 0.25 % 0.35 % 0.25 %
Nonaccrual loans + ORE and foreclosed assets as a % of loans, ORE and foreclosed assets 0.47 % 0.37 % 0.27 % 0.47 % 0.27 %
Accruing loans 90 days past due 5,967 $ 6,069 $ 24,170 $ 5,967 $ 24,170
Accruing loans 90 days past due as a percentage of loans 0.03 % 0.03 % 0.10 % 0.03 % 0.10 %
Modified loans - still accruing 90,156 $ 57,422 $ 28,849 $ 90,156 $ 28,849
Modified loans - still accruing as a % of loans 0.38 % 0.24 % 0.12 % 0.38 % 0.12 %
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for loan losses:
Beginning balance 316,148 $ 313,726 $ 314,496 $ 307,907 $ 307,789
Provision for loan losses 19,150 9,707 30,045 43,656 45,847
Charge-offs (21,113 ) (11,951 ) (41,234 ) (56,430 ) (55,822 )
Recoveries 3,086 4,666 2,984 22,138 8,477
Net charge-offs (18,027 ) (7,285 ) (38,250 ) (34,292 ) (47,345 )
Ending Balance 317,271 $ 316,148 $ 306,291 $ 317,271 $ 306,291
Reserve for unfunded lending commitments:
Beginning balance 26,079 $ 27,063 $ 31,160 $ 28,894 $ 33,309
Provision for losses on unfunded lending commitments (586 ) (984 ) (1,547 ) (3,401 ) (3,696 )
Ending balance 25,493 $ 26,079 $ 29,613 $ 25,493 $ 29,613
Total allowance for credit losses 342,764 $ 342,227 $ 335,904 $ 342,764 $ 335,904
Total provision for credit losses 18,564 $ 8,723 $ 28,498 $ 40,255 $ 42,151
Allowance for loan losses as a percentage of period-end loans 1.35 % 1.32 % 1.28 % 1.35 % 1.28 %
Allowance for credit losses as a percentage of period-end loans 1.46 % 1.43 % 1.40 % 1.46 % 1.40 %
Allowance for loan losses as a % of nonaccrual loans 382.87 % 366.54 % 507.68 % 382.87 % 507.68 %
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries):
Commercial & real estate loans 14,464 $ 4,112 $ 35,506 $ 23,830 $ 40,094
Residential mortgage loans 28 (83 ) (383 ) (201 ) (835 )
Consumer loans 3,535 3,256 3,127 10,663 8,086
Total net charge-offs 18,027 $ 7,285 $ 38,250 $ 34,292 $ 47,345
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans 0.32 % 0.09 % 0.75 % 0.17 % 0.29 %
Residential mortgage loans 0.00 % (0.01 )% (0.04 )% (0.01 )% (0.03 )%
Consumer loans 1.02 % 0.95 % 0.84 % 1.02 % 0.71 %
Total net charge-offs as a percentage of average loans 0.30 % 0.12 % 0.64 % 0.19 % 0.27 %
AVERAGE LOANS
Commercial & real estate loans 18,179,941 $ 18,532,555 $ 18,678,969 $ 18,380,424 $ 18,558,630
Residential mortgage loans 3,996,986 4,000,570 3,669,922 3,986,899 3,452,799
Consumer loans 1,375,075 1,384,236 1,481,833 1,391,760 1,515,379
Total average loans 23,552,002 $ 23,917,361 $ 23,830,724 $ 23,759,083 $ 23,526,808
(m) Included in nonaccrual loans are nonaccruing modified loans to borrowers experiencing financial difficulties totaling 5.4 million at September 30, 2024, 5.3 million at June 30, 2024, and less than 0.1 million at September 30, 2023.

All values are in US Dollars.

HANCOCK WHITNEY CORPORATION
ASSET QUALITY INFORMATION
(Unaudited)
(dollars in thousands) 6/30/2024 3/31/2024 12/31/2023 9/30/2023
Nonaccrual loans (m) 82,866 $ 86,253 $ 82,082 $ 59,036 $ 60,331
ORE and foreclosed assets 27,732 2,114 2,793 3,628 4,527
Total nonaccrual loans + ORE and foreclosed assets 110,598 $ 88,367 $ 84,875 $ 62,664 $ 64,858
Nonaccrual loans as a percentage of loans 0.35 % 0.36 % 0.34 % 0.25 % 0.25 %
Nonaccrual loans + ORE and foreclosed assets as a % of loans, ORE and foreclosed assets 0.47 % 0.37 % 0.35 % 0.26 % 0.27 %
Accruing loans 90 days past due 5,967 $ 6,069 $ 7,938 $ 9,609 $ 24,170
Accruing loans 90 days past due as a percentage of loans 0.03 % 0.03 % 0.03 % 0.04 % 0.10 %
Modified loans - still accruing 90,156 $ 57,422 $ 37,425 $ 24,448 $ 28,849
Modified loans - still accruing as a % of loans 0.38 % 0.24 % 0.16 % 0.10 % 0.12 %
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for loan losses:
Beginning balance 316,148 $ 313,726 $ 307,907 $ 306,291 $ 314,496
Provision for loan losses 19,150 9,707 14,799 17,671 30,045
Charge-offs (21,113 ) (11,951 ) (23,366 ) (19,601 ) (41,234 )
Recoveries 3,086 4,666 14,386 3,546 2,984
Net charge-offs (18,027 ) (7,285 ) (8,980 ) (16,055 ) (38,250 )
Ending Balance 317,271 $ 316,148 $ 313,726 $ 307,907 $ 306,291
Reserve for unfunded lending commitments:
Beginning balance 26,079 $ 27,063 $ 28,894 $ 29,613 $ 31,160
Provision for losses on unfunded lending commitments (586 ) (984 ) (1,831 ) (719 ) (1,547 )
Ending balance 25,493 $ 26,079 $ 27,063 $ 28,894 $ 29,613
Total allowance for credit losses 342,764 $ 342,227 $ 340,789 $ 336,801 $ 335,904
Total provision for credit losses 18,564 $ 8,723 $ 12,968 $ 16,952 $ 28,498
Allowance for loan losses as a percentage of period-end loans 1.35 % 1.32 % 1.31 % 1.29 % 1.28 %
Allowance for credit losses as a percentage of period-end loans 1.46 % 1.43 % 1.42 % 1.41 % 1.40 %
Allowance for loan losses as a % of nonaccrual loans 382.87 % 366.54 % 382.21 % 521.56 % 507.68 %
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries)
Commercial & real estate loans 14,464 $ 4,112 $ 5,254 $ 12,747 $ 35,506
Residential mortgage loans 28 (83 ) (146 ) (388 ) (383 )
Consumer loans 3,535 3,256 3,872 3,696 3,127
Total net charge-offs 18,027 $ 7,285 $ 8,980 $ 16,055 $ 38,250
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans 0.32 % 0.09 % 0.11 % 0.27 % 0.75 %
Residential mortgage loans 0.00 % (0.01 )% (0.01 )% (0.04 )% (0.04 )%
Consumer loans 1.02 % 0.95 % 1.10 % 1.02 % 0.84 %
Total net charge-offs as a percentage of average loans: 0.30 % 0.12 % 0.15 % 0.27 % 0.64 %
AVERAGE LOANS
Commercial & real estate loans 18,179,941 $ 18,532,555 $ 18,430,979 $ 18,548,884 $ 18,678,969
Residential mortgage loans 3,996,986 4,000,570 3,963,030 3,803,702 3,669,922
Consumer loans 1,375,075 1,384,236 1,416,154 1,443,095 1,481,833
Total average loans 23,552,002 $ 23,917,361 $ 23,810,163 $ 23,795,681 $ 23,830,724
(m) Included in nonaccrual loans are nonaccruing modified loans to borrowers experiencing financial difficulties totaling 5.4 million at September 30, 2024, 5.3 million at June 30, 2024, less than 0.2 million at March 31, 2024, and less than 0.1 million at both December 31, 2023 and September 30, 2023.

All values are in US Dollars.

HANCOCK WHITNEY CORPORATION
Appendix A to the Earnings Release
Reconciliation of Non-GAAP Measure
(Unaudited)
PRE-PROVISION NET REVENUE (TE) AND ADJUSTED PRE-PROVISION NET REVENUE (TE)
Three Months Ended Nine Months Ended
(in thousands) 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 9/30/2024 9/30/2023
Net Income (GAAP) $ 115,572 $ 114,557 $ 108,612 $ 50,603 $ 97,738 $ 338,741 $ 341,999
Provision for credit losses 18,564 8,723 12,968 16,952 28,498 40,255 42,151
Income tax expense 29,684 30,308 24,720 11,705 24,297 84,712 85,821
Pre-provision net revenue 163,820 153,588 146,300 79,260 150,533 463,708 469,971
Taxable equivalent adjustment (n) 2,693 2,828 2,830 2,834 2,852 8,351 8,273
Pre-provision net revenue (TE) 166,513 156,416 149,130 82,094 153,385 472,059 478,244
Adjustments from supplemental disclosure items
Gain on sale of parking facility — — — (16,126 ) — — —
Loss on securities portfolio restructure — — — 65,380 — — —
FDIC special assessment — — 3,800 26,123 — 3,800 —
Adjusted pre-provision net revenue (TE) $ 166,513 $ 156,416 $ 152,930 $ 157,471 $ 153,385 $ 475,859 $ 478,244
REVENUE (TE), ADJUSTED REVENUE (TE) AND EFFICIENCY RATIO
Three Months Ended Nine Months Ended
(in thousands) 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 9/30/2024 9/30/2023
Net interest income $ 271,764 $ 270,430 $ 266,171 $ 269,460 $ 269,234 $ 808,365 $ 828,139
Noninterest income 95,895 89,174 87,851 38,951 85,974 272,920 249,529
Total GAAP revenue 367,659 359,604 354,022 308,411 355,208 1,081,285 1,077,668
Taxable equivalent adjustment (n) 2,693 2,828 2,830 2,834 2,852 8,351 8,273
Total revenue (TE) 370,352 362,432 356,852 311,245 358,060 1,089,636 1,085,941
Adjustments from supplemental disclosure items
Gain on sale of parking facility — — — (16,126 ) — — —
Loss on securities portfolio restructure — — — 65,380 — — —
Adjusted revenue (TE) $ 370,352 $ 362,432 $ 356,852 $ 360,499 $ 358,060 $ 1,089,636 $ 1,085,941
GAAP Noninterest expense $ 203,839 $ 206,016 $ 207,722 $ 229,151 $ 204,675 $ 617,577 $ 607,697
Amortization of Intangibles (2,292 ) (2,389 ) (2,526 ) (2,672 ) (2,813 ) (7,207 ) (8,884 )
Adjustments from supplemental disclosure items
FDIC special assessment — — (3,800 ) (26,123 ) — (3,800 ) —
Adjusted noninterest expense for efficiency $ 201,547 $ 203,627 $ 201,396 $ 200,356 $ 201,862 $ 606,570 $ 598,813
Efficiency ratio (o) 54.42 % 56.18 % 56.44 % 55.58 % 56.38 % 55.67 % 55.14 %
(n) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(o) The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items noted above.

Slide 1

Third Quarter 2024 Earnings Conference Call 10/15/2024 HANCOCK WHITNEY Exhibit 99.2

Slide 2

This release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit losses, capital levels, deposits (including growth, pricing, and betas), investment portfolio, other sources of liquidity, loan growth expectations, management’s predictions about charge-offs for loans, general economic business conditions in our local markets, Federal Reserve action with respect to interest rates, the effects of war or other conflicts, acts of terrorism, climate change, the impact of natural or man-made disasters, the adequacy of our enterprise risk management framework, potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings, assessments, and enforcement actions, as well as the impact of negative developments affecting the banking industry and the resulting media coverage; the potential impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, success of revenue-generating and cost reduction initiatives, the effectiveness of derivative financial instruments and hedging activities to manage risks, projected tax rates, increased cybersecurity risks, including potential business disruptions or financial losses, the adequacy of our internal controls over financial and non-financial reporting, the financial impact of regulatory requirements and tax reform legislation, deposit trends, credit quality trends, the impact of current and future economic conditions, including the effects of declines in the real estate market, high unemployment, inflationary pressures, increasing insurance costs, elevated interest rates, including the impact of changes in interest rates on our financial projections, models and guidance and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing, net interest margin trends, future expense levels, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts, 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, 2023, and in other periodic reports that we file with the SEC. Important cautionary statement about forward-looking statements

Slide 3

Non-GAAP Reconciliations & Glossary of Terms Throughout this presentation we may use non-GAAP numbers to supplement the evaluation of our performance. The items noted below with an asterisk, "*", are considered non-GAAP. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements, and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. Reconciliations of those non-GAAP measures to the comparable GAAP measure are included in the appendix to this presentation. The earnings release, financial tables and supporting slide presentation can be found on the company’s Investor Relations website at investors.hancockwhitney.com. ABL – Asset Based Lending ACL – Allowance for credit losses AEA – Average Earning Assets AFS – Available for sale securities Annualized – Calculated to reflect a rate based on a full year AOCI – Accumulated other comprehensive income ARM – Adjustable Rate Mortgage B – Dollars in billions Beta – repricing based on a change in market rates BOLI – Bank-owned life insurance bps – basis points Brokered Deposits – deposits obtained directly or indirectly through a deposit broker typically offering higher interest rates C&D – Construction and land development loans CD – Certificate of deposit CET1 – Common Equity Tier 1 Ratio CF – Cash flow CMBS – Commercial mortgage-backed securities CMO – Collateralized mortgage obligations CRE – Commercial real estate CSO – Corporate strategic objective DDA – Noninterest-bearing demand deposit accounts *Efficiency ratio – noninterest expense to total net interest (TE) and noninterest income, excluding amortization of purchased intangibles and other supplemental disclosure items EOP – End of period EPS – Earnings per share Fed – Federal Reserve Bank FF – Federal Funds FHLB – Federal Home Loan Bank FRB-DW – Federal Reserve Bank Discount Window Free Securities – market value of unencumbered investment securities owned by the bank FTE – Full time equivalent FV – Fair Value HFS – Held for sale HTM – Held to maturity securities IB – Interest-bearing ICRE – Income-producing commercial real estate ICS – Insured Cash Sweep IRR – Interest rate risk Line Utilization - represents the used portion of a revolving line resulting in a funded balance for a given portfolio; credit cards, construction loans (commercial and residential), and consumer lines of credit are excluded from the calculation Linked-quarter (LQ) – current quarter compared to previous quarter LOC – Line of credit LQA – Linked-quarter annualized M&A – Mergers and acquisitions MM – Dollars in millions MMDA – Money market demand account MMDDYY – Month Day Year Munis – Municipal obligations NII – Net interest income *NIM – Net interest margin (TE) OCI – Other comprehensive income OFA – Other foreclosed assets O/N – Overnight Funds ORE – Other real estate PF – Public Funds *PPNR and *Adjusted PPNR – Pre-provision net revenue, defined as net income excluding provision expense and income tax expense, plus the taxable equivalent adjustment; adjusted PPNR is PPNR excluding supplemental disclosure items; also known as adjusted leverage Repo – Customer repurchase agreements RMBS – Residential mortgage-backed securities ROA – Return on average assets ROTCE – Return on tangible common equity RWA – Risk Weighted Assets SBA – Small Business Administration SBIC – Small business investment company SNC – Shared national credit SOFR – Secured Overnight Financing Rate S2 – Slower growth, downside scenario *Supplemental disclosure items – certain items that are outside of our principal business and/or are not indicative of forward-looking trends; these items are presented below GAAP financial data and excluded from certain adjusted ratios and metrics TCE – Tangible common equity ratio (common shareholders’ equity less intangible assets divided by total assets less intangible assets) *TE – Taxable equivalent (calculated using the current statutory federal tax rate) XHYY – Half Year XQYY – Quarter Year Y-o-Y – Year over year

Slide 4

HWC Nasdaq Listed HNCOCK WHITNEY 4 *Most recent quarter-end regulatory capital ratios preliminary until finalization of our regulatory filings As of September 30, 2024 (Healthcare) (ABL) (Operations) (Trust) $35.2 billion in Total Assets $23.5 billion in Total Loans $29.0 billion in Total Deposits CET1 Ratio 13.79%* TCE Ratio 9.56% $4.4 billion in Market Cap Baa3 Moody’s Long-term issuer rating; positive outlook BBB S&P Long-term issuer rating; stable outlook 180 banking locations Approximately 3,500 (FTE) employees corporate-wide 223 ATMs Corporate Profile

Slide 5

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

Slide 6

HWC Strong and Stable for 125 Years Strength to manage through challenging economic environments Density in resilient deposit markets Stable, seasoned, diversified deposits; ability to organically grow deposits Top quartile capital levels including all unrealized losses Ability to return capital through dividend increases and share repurchase program Commitment to maintaining a de-risked balance sheet Robust ACL at 1.46% of loans Proven ability to proactively manage expenses Technology projects improve client experience and enhance efficiencies Exceptional, dedicated, committed team of associates

Slide 7

Third Quarter 2024 Highlights Net income totaled $115.6 million, or $1.33 per diluted share, compared to $114.6 million, or $1.31 per diluted share in 2Q24 Pre-Provision Net Revenue (PPNR)* totaled $166.5 million, up $10.1 million from $156.4 million in prior quarter Loans decreased $456 million, or 8% LQA (Slide 8) Deposits decreased $218 million, or 3% LQA (Slide 10) Criticized commercial loans increased and nonaccrual loans decreased (Slide 11) ACL coverage solid at 1.46%, up 3 bps compared to prior quarter (Slide 12) NIM 3.39%, up 2 bps compared to 2Q24 (Slide 14) CET1 ratio estimated at 13.79%, up 54 bps linked-quarter; TCE ratio 9.56%, up 79 bps linked-quarter (Slide 19) Efficiency ratio 54.42%, down 176 bps linked-quarter ($s in millions; except per share data) 3Q24 2Q24 3Q23 Net income $115.6 $114.6 $97.7 Provision for credit losses $18.6 $8.7 $28.5 Earnings per share – diluted $1.33 $1.31 $1.12 Return on Assets (%) (ROA) 1.32 1.32 1.09 Return on Tangible Common Equity (%) (ROTCE) 14.70 15.73 14.53 Net Interest Margin (TE) (%) 3.39 3.37 3.27 Net Charge-offs (%) 0.30 0.12 0.64 CET1 Ratio (%)** 13.79 13.25 12.06 Tangible Common Equity (%) 9.56 8.77 7.34 Pre-Provision Net Revenue (TE)* $166.5 $156.4 $153.4 Efficiency Ratio (%) 54.42 56.18 56.38 *Non-GAAP measure: See appendix for non-GAAP reconciliation **Most recent quarter-end regulatory capital ratios preliminary until finalization of our regulatory filings

Slide 8

Planned SNC Runoff Drives Decrease in Loans Bar Chart Loans totaled $23.5 billion, down $456 million, or 8% LQA; primarily due to SNC runoff of $254 million Excluding SNC runoff, loans were down $202 million, or 3% LQA Also contributing to the decline were unexpected payoffs on ICRE credits Healthcare and Commercial Non-Real Estate contraction driven primarily by strategic reductions in large credit-only deals Decrease in line utilization due to project completions * Consumer includes Indirect loans

Slide 9

Loan Portfolio Composition Diversified and De-Risked Total Loans Outstanding % of Total Loans Commitment ($s in millions) Commercial non-RE (C&I) $7,483 31.9% $13,297 CRE - owner 2,553 10.9% 2,668 ICRE 3,437 14.7% 3,532 C&D 1,324 5.7% 2,272 Healthcare (1) 2,024 8.6% 2,565 Equipment Finance 1,087 4.6% 1,087 Energy 189 0.8% 300 Total Commercial 18,097 77.2% 25,721 Mortgage 3,988 17.0% 3,991 Consumer (2) 1,371 5.8% 3,339 Grand Total $23,456 100.0% $33,051         For Information Purposes Only (included in categories above)       Retail (C&I and CRE) $2,101 9.0% $2,536 Hospitality (C&I and CRE) $1,280 5.5% $1,460 Office – ICRE $684 2.9% $706 Office – owner $835 3.6% $862 Multifamily – ICRE $845 3.6% $853 Multifamily – C&D $480 2.0% $926 Loan portfolio diverse across a number of segments and industries Conservative underwriting in both type and structure Underwriting efforts focused on resilient industries and on full-service client relationships Business banking and consumer loans provide depository relationships and favorable yields SNC Loans totaled $2.3 billion at 9/30/24, 9.7% of total loans, down $254 million linked-quarter For additional details on ICRE loans, refer to slide 25 in the appendix As of September 30, 2024 (1) $870 million of healthcare loans outstanding are C&I, $504 million are CRE-Owner, $551 million are ICRE, and $99 million are C&D (2) Consumer includes Indirect loans

Slide 10

DDA Mix Stable; Retail Time Deposits Grow Total deposits of $29.0 billion, down $218 million, or 3% LQA Brokered deposits decreased $9.6 million due to maturities that were not replaced during 3Q24 Pace of noninterest-bearing DDA outflows continued to slow; DDAs as a % of total deposits stable in 3Q24 at 36% Increase in interest-bearing transactions and savings due to mid-quarter inflows from equity markets Retail time deposits increased despite maturity concentrations and promotional rate reductions during the period Decrease in interest-bearing public funds of $218 million driven by seasonal runoff For additional details on deposit composition refer to slide 28 EOP Deposits Mix ($) EOP Deposits Mix (%) * Includes Public Funds DDA $ in millions % of Total Deposits

Slide 11

Asset Quality Metrics Criticized commercial loans totaled $508 million, or 2.81% of total commercial loans, at September 30, 2024, compared to $380 million, or 2.05% of total commercial loans, in prior quarter Nonaccrual loans totaled $83 million, or 0.35% of total loans, at September 30, 2024, compared to $86 million, or 0.36% of total loans, in prior quarter Despite normalization in criticized levels, still expect to compare well to peers; nonaccruals continue at top quartile levels Not experiencing broad signs of weakness among any industry, collateral type, or geography 1.46% 0.25% 2.05% Total Loans $23,984 $23,922 $23,971 $23,912 $23,456 Total Commercial Loans 18,799 18,589 18,591 18,524 18,097 Criticized Commercial Loans 275 274 340 380 508 Nonaccrual Loans 60 59 82 86 83 1.47% 0.25% 1.83% 0.34% 0.36% 2.81% 0.35% $ in millions

Slide 12

Maintained Solid Reserves Provision for the third quarter of 2024 of $18.6 million, reflects $18.0 million of net charge-offs and a reserve build of $0.6 million Increase in reserve coverage, with quarter-end reserve coverage of 1.46% Weighting applied to Moody’s September 2024 economic scenarios was 40% baseline and 60% slower growth (S2), unchanged from 2Q24 Given market conditions, scenario mix and weighting captures greater potential for slower near-term economic growth than provided for in the baseline scenario Net Charge-offs Reserve Build / (Release) Total Provision  ($s in millions) 3Q24 2Q24 3Q24 2Q24 3Q24 2Q24 Commercial $14.5 $4.1 $(1.0) $1.1 $13.5 $5.2 Mortgage -- (0.1) 1.2 0.5 1.2 0.4 Consumer 3.5 3.3 0.4 (0.2) 3.9 3.1 Total $18.0 $7.3 $0.6 $1.4 $18.6 $8.7 9/30/2024 6/30/2024 Portfolio ($ in millions) Amount % of Loan and Leases Outstanding Amount % of Loan and Leases Outstanding Commercial $250 1.38% $249 1.35% Mortgage 43 1.07% 42 1.04% Consumer 25 1.81% 25 1.81% Allowance for Loan and Lease Losses (ALLL) $318 1.35% $316 1.32% Reserve for Unfunded Lending Commitments 25 --- 26 --- Allowance for Credit Losses (ACL) $343 1.46% $342 1.43%

Slide 13

Portfolio Reinvestment Drives Yield Increase Securities portfolio* totaled $8.2 billion at 9/30/24, flat linked-quarter 70% AFS, 30% HTM at 9/30/24 To reduce OCI volatility and provide flexibility to reposition and/or reprice the hedged assets in a changing rate environment, we have $478 million of FV hedges on $514 million of bonds, or 9% of AFS securities Yield 2.66%, up 6 bps primarily due to portfolio reinvestments during 3Q24 Premium amortization totaled $6.8 million, down $0.1 million linked-quarter Effective duration 4.3 at 9/30/24, compared to 4.4 at 6/30/24, continues to trend lower from purchases of shorter duration securities and as FV hedges approach effective dates Net unrealized losses on securities portfolio impacted by lower Treasury yields: Bar chart,pie chart Net Unrealized Loss $ in millions 9/30/2024 6/30/2024 AFS ($449) ($641) HTM ($148) ($223) Total ($597) ($864) * Excluding unrealized losses and FV hedges adjustment

Slide 14

3Q24 NIM 3.39%, up 2 bps from 2Q24 NIM 3.40% for the month of September 2024 NII (TE) of $274.5 million, compared to $273.3 million prior quarter Increase in NII primarily driven by higher loan yields and securities yields, cost of funds flat linked-quarter Expect modest NIM expansion in 4Q24 Assumes two 25 bp rate cuts in 4Q24 Headwinds: continued deposit remix (albeit at a slower pace) and variable loan repricing Tailwinds: CD repricing, continued repricing of securities and fixed rate loans NIM Expansion Linked-Quarter Cost of Deposits 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% Mar-20 Apr-20 May-20 Jun 20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Mar-21e .59% .41% .33% .29% .25% .21% .20% .19% .17% .17% .13% 3.40% 3.30% 3.20% 3.10% 3.00% 2.90% 2.80% 3Q20 NIM (TE) Impact of Securities Portfolio Purchase/Premium amortization Impact of change in earnings asset mix Lower cost of deposits Net impact of interest reversals and recoveries/loan fees accretion 4Q20 NIM (TE) 0.02% 0.06% 0.05% 0.02% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 4Q19 1Q20 2Q20 3Q20 4Q20 4.69% 3.43% 2.56% 0.76% 4.56% 3.41% 2.53% 0.67% 4.04% 3.23% 2.47% 0.38% 3.95% 3.23% 2.31% 0.30% 3.99% 3.22% 2.23% 0.25% Loan Yield Securities Yield Cost of Fund NIM HNCOCK WHITNEY 18 Line chart NIM Yield / Cost Quarter Month

Slide 15

New Loan Rates Impacted by Rate Environment $ in millions New Loan Rate* – Fixed 6.69% 7.46% 7.75% 7.52% 7.41% 7.18% New Loan Rate* - Variable 7.81% 8.28% 8.31% 8.03% 8.29% 8.06% * Loan rates represent weighted average coupon rate in the month of origination or first funded balance

Slide 16

Loans Loans totaled $23.5 billion at September 30, 2024 40% fixed, 60% variable (includes hybrid ARMs) 71% of variable loans tied to SOFR 23% of variable loans tied to Wall Street Journal Prime 6% of variable loans tied to other indices Approximately 4.4% ($520MM) of the variable rate loan portfolio will strike their index floors at or above a Fed Funds equivalent rate of 2% with a cumulative amount of 20.4% ($2.4B) hitting floor strikes at or above Fed Funds level of 1% Securities Expect to reinvest principal runoff of approximately $199 million in 4Q24, $163 million in 1Q25, and $232 million in 2Q25 Swaps/Hedges (See slide 32 for more information) $1.4 billion of active receive fixed/pay 1 month SOFR swaps designated as Cash Flow Hedges on the balance sheet; extends asset duration; $200 million of cash flow hedges terminated in 3Q24 $478 million of pay fixed/receive Fed Effective swaps designated as Fair Value Hedges on $514 million of securities; provides OCI protection and flexibility to reposition and/or reprice the hedged assets in a changing rate environment Deposits Deposits totaled $29.0 billion at September 30, 2024 74% of deposits are MMDA (excludes PF), savings, or DDA Shift in deposit mix continued as interest rates remain elevated Previous Cycle-to-date Rate Betas Rate Floors Floor Rate Balance * Balance Cumulative 25-49 bps $670 million $670 million 50-74 bps $804 million $1.5 billion 75-99 bps $546 million $2.0 billion 100-150 bps $1.8 billion $3.8 billion > 150 bps $172 million $4.0 billion IRR Sensitivity Table HWC (Hedges Removed) As of 4Q21 As of 4Q21 Peers * Immediate 100 bps 7.3% 8.4% 7.3% Gradual 100 bps 3.2% 3.6% 4.3% Deposits $ in millions Time Deposits $1,129 4% Interest-bearing public funds $3,295 11% Interest-bearing transaction & savings $11,650 38% Noninterest bearing $14,393 47% Key IRR Metrics Previous Cycles Rates Up (4Q15-2Q19) Rates down (2Q19-4Q20) Rates Up (1Q22-3Q24) Total Deposit Betas 29% 31% 37% IB Deposit Betas 44% 45% 58% Loan Betas 48% 38% 49%

Slide 17

Fee Income Growth Linked-Quarter Noninterest income totaled $95.9 million, up $6.7 million, or 8% linked-quarter Increase in service charges primarily due to higher account activity Increase in investment and annuity income and insurance due to sales and recurring fees on higher market value securities Increase in other primarily due to higher derivative income, SBIC income, BOLI, and SBA loan income Noninterest Income Mix 9/30/24 $s in millions Lower Mortgage, Specialty Income Partly Offset by Higher Service Fees Noninterest income totaled $82.4 million, down $1.3 million, or 2% linked-quarter Service charges and bank card & ATM fees up primarily due to increased activity, although lower than pre-pandemic levels Secondary mortgage fees continue to be impacted by the favorable rate environment, albeit a lower level of refinance activity compared to previous quarters Other income decrease related to lower levels of specialty income (BOLI) in 4Q20 partially offset by higher derivative income Expect 1Q21 fee income to be down related to anticipated lower levels of specialty income and secondary mortgage fees Secondary Mortgage Fees $11.5 14%Other $12.8 16% Noninterest Income Mix 12/31/20 $s in millions Service Charges on Deposit $19.9 24% Investment & Annuity and Insurance $5.8 7% Trust Fees $14.8 18% Bank Card & ATM Fees $17.6 21% 3Q20 NON INTEREST INCOME SERVICE CHARGES ON DEPOSIT accounts bank card & atm fees investment & annuity income and insurance trust fees secondary mortgage fees other 4q20 Non interest income Pie chart

Slide 18

Expenses Remain Well Controlled Noninterest expense totaled $203.8 million, down $2.2 million, or 1% linked-quarter; Personnel expense decreased $3.0 million, or 2% linked-quarter, due to decrease in FTEs and higher loan fee deferrals (FAS91) Occupancy and Equipment expenses increased due to routine maintenance and hardware replacements A Focus on Expense Control; More Initiatives Underway Noninterest expense totaled $193.1 million, down $2.7 million, or 1% LQ Decline in personnel expense related to savings from efficiency measures taken to-date, including staff attrition and recent financial center closures Increase in other expenses mainly related to nonrecurring hurricane expense and branch closures Expense reduction initiatives to-date Closed 12 financial centers in 4Q20 8 additional financial centers closures announced in 1Q21 Ongoing branch rationalization reviews Closed Wealth Management trust offices in the NE corridor FTE down 210 compared to June 30, 2020 through staff attrition and other initiatives Early retirement package offered to select employees in 1Q21 Expect 1Q21 expenses to be flat as efficiency initiatives continue and offset typical beginning of the year increases; does not include nonrecurring charges for certain initiatives (i.e. early retirement) Noninterest Expense Mix 9/30/24 $s in millions

Slide 19

Capital Levels Continue to Improve CET1 ratio estimated at 13.79%, up 54 bps linked-quarter Leverage (Tier 1) ratio estimated at 11.03%, up 32 bps linked-quarter TCE ratio 9.56%, up 79 bps linked-quarter 300,000 shares of company common stock repurchased during 3Q24 at an average price of $50.60; 612,993 shares repurchased YTD; buyback authority active through December 31, 2024 Tangible Common Equity Ratio Leverage Ratio CET1 Ratio and Tier 1 Risked-Based Capital Ratio Total Risk-Based Capital Ratio September 30, 2024* 9.56% 11.03% 13.79% 15.57% June 30, 2024 8.77% 10.71% 13.25% 15.00% March 31, 2024 8.61% 10.49% 12.65% 14.34% December 31, 2023 8.37% 10.10% 12.33% 13.93% September 30, 2023 7.34% 10.01% 12.06% 13.63% CET1 Ratio 13.79% *Most recent quarter-end regulatory capital ratios preliminary until finalization of our regulatory filings TCE Ratio 9.56%

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Remain Well Capitalized Including All Unrealized Losses 9/30/2024 As Reported* Inc. AOCI Losses (1) Inc. AOCI + HTM Losses(2) Well Capitalized Minimum Tangible Common Equity Ratio 9.56% 9.56% 9.25% N/A Leverage (Tier 1) Ratio 11.03% 10.02% 9.71% 5.00% CET1 Ratio 13.79% 12.41% 12.00% 6.50% Tier 1 Risked-Based Capital Ratio 13.79% 12.41% 12.00% 8.00% Risk-Based Capital Ratio 15.57% 14.20% 13.79% 10.00% Reflected above is the hypothetical impact on capital if the mark on AOCI Losses(1) and AOCI + HTM(2) were included in the regulatory capital calculations Neither scenario is currently included, nor required to be included in the Company’s regulatory capital ratios *Most recent quarter-end regulatory capital ratios preliminary until finalization of our regulatory filings Assumes AOCI adjustments related to market valuations on securities and related hedges are included for regulatory capital calculations Assumes HTM securities are also included as AOCI adjustment

Slide 21

2024 Forward Guidance Guidance Direction 3Q24 Actual FY 2024 Outlook Loans (EOP) Unchanged $23.5B Expect EOP loans at 12/31/24 to be flat to down slightly from 12/31/23 levels Deposits (EOP) Unchanged $29.0B Expect EOP deposits at 12/31/24 to be flat to down slightly from 12/31/23 levels Adjusted Pre-Provision, Net Revenue (PPNR)* Updated $166.5MM Expect PPNR to be flat to down slightly from FY23 adjusted PPNR ($635.7MM); expect modest NIM expansion in 4Q24; guidance based on two 25 bp rate cuts in 4Q24 Reserve for Credit Losses Unchanged $342.8MM or 1.46% of total loans Future assumptions in economic forecasts and any change in our own asset quality metrics will drive level of reserves; expect modest charge-offs and provision for 4Q24 Adjusted Noninterest Income* Updated $95.9MM Expect noninterest income to be up 6%-7% from FY23 adjusted noninterest income ($337.7MM) Adjusted Noninterest Expense* Updated $203.8MM Expect noninterest expense to be up 1%-2% from FY23 adjusted noninterest expense ($810.7MM) Effective Tax Rate Unchanged 20.4% Approximately 20-21% Efficiency Ratio* Updated 54.42% Expect to maintain efficiency ratio within the range of 55-56% for 4Q24 Corporate Strategic Objectives (CSOs) Long-term operating objectives reviewed/updated annually (assumes fed funds at approximately 4% for 2026) 3 Year Objective (4Q26) 3Q24 Actual ROA (Adjusted)* 1.30 – 1.50% 1.32% TCE ≥ 8% 9.56% ROTCE (Adjusted)* ≥ 18% 14.70% Efficiency Ratio* ≤ 55% 54.42% *Refer to appendix for non-GAAP reconciliations

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

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Summary Balance Sheet ($ in millions) (1) Average securities excludes unrealized gain/(loss) Summary Balance Sheet ($ in millions) 4Q20 and YTD 2020 include $2.0 billion and 3Q20 included $2.3 billion in PPP loans, net Average securities excludes unrealized gain /(loss)       Change       4Q20 3Q20 4Q19 LQ PY Line Item YTD 2020 YTD 2019 Y-o-Y           EOP Balance Sheet       $21,789.9 $22,240.2 $21,212.8 ($450.3) $577.1 Loans (1) $21,789.9 $21,212.8 $577.1 7,356.5 7,056.3 6,243.3 300.2 1,113.2 Securities 7,356.5 6,243.3 1,113.2 30,616.3 30,179.1 27,622.2 437.2 2,994.1 Earning Assets 30,616.3 27,622.2 2,994.1 33,638.6 33,193.3 30,600.8 445.3 3,037.8 Total assets 33,638.6 30,600.8 3,037.8                   $27,698.0 $27,030.7 $23,803.6 $667.3 $3,894.4 Deposits $27,698.0 $23,803.6 $3,894.4 1,667.5 1,906.9 2,714.9 (239.4) (1,047.4) Short-term borrowings 1,667.5 2,714.9 (1,047.4) 30,199.6 29,817.7 27,133.1 381.9 3,066.5 Total Liabilities 30,199.6 27,133.1 3,066.5 3,439.0 3,375.6 3,467.7 63.4 (28.7) Stockholders' Equity 3,439.0 3,467.7 (28.7)                             Avg Balance Sheet       $22,065.7 $22,407.8 $21,037.9 ($342.1) $1,027.8 Loans $22,166.5 $20,380.0 $1,786.5 6,921.1 6,389.2 6,201.6 531.9 719.5 Securities (2) 6,398.7 5,864.2 534.5 29,875.5 29,412.3 27,441.5 463.2 2,434.0 Average earning assets 29,235.3 26,476.9 2,758.4 33,067.5 32,685.4 30,343.3 382.1 2,724.2 Total assets 32,391.0 29,125.4 3,265.6                   $27,040.4 $26,763.8 $23,848.4 $276.6 $3,192.0 Deposits $26,212.3 $23,299.3 $2,913.0 1,779.5 1,733.3 2,393.4 46.2 (613.9) Short-term borrowings 1,978.2 1,942.1 36.1 29,660.8 29,333.8 26,869.6 327.0 2,791.2 Total Liabilities 28,957.9 25,822.8 3,135.1 3,406.6 3,351.6 3,473.7 55.0 (67.1) Stockholders' Equity 3,433.1 3,302.7 130.4 3.99% 3.95% 4.69% 4 bps -70 bps Loan Yield 4.13% 4.81% -68 bps 2.23% 2.31% 2.56% -8 bps -33 bps Securities Yield 2.38% 2.62% -24 bps 0.31% 0.39% 1.11% -8 bps -80 bps Cost of IB Deposits 0.57% 1.25% -68 bps 79% 82% 89% -361 bps -1045 bps Loan/Deposit Ratio (Period End) 79% 89% -1045 bps CHANCOCK WHITNEY 26 Change Change 3Q24 2Q24 3Q23 LQ Prior Year   YTD 2024 YTD 2023 Y-o-Y           EOP Balance Sheet       23,455.6 23,911.6 23,983.7 (456.0) (528.1) Loans 23,455.6 23,983.7 (528.1) 7,769.8 7,535.8 7,916.1 234.0 (146.3) Securities 7,769.8 7,916.1 (146.3) 32,045.2 32,056.4 32,733.6 (11.2) (688.4) Earning assets 32,045.2 32,733.6 (688.4) 35,238.1 35,412.3 36,298.3 (174.2) (1,060.2) Total assets 35,238.1 36,298.3 (1,060.2)                   28,982.9 29,200.7 30,320.3 (217.8) (1,337.4) Deposits 28,982.9 30,320.3 (1,337.4) 1,265.9 1,364.0 1,425.9 (98.1) (160.0) Short-term borrowings 1,265.9 1,425.9 (160.0) 31,063.4 31,491.6 32,797.3 (428.2) (1,733.9) Total liabilities 31,063.4 32,797.3 (1,733.9) 4,174.7 3,920.7 3,501.0 254.0 673.7 Stockholders' equity 4,174.7 3,501.0 673.7                       Avg Balance Sheet       23,552.0 23,917.4 23,830.7 (365.4) (278.7) Loans 23,759.1 23,526.8 232.3 8,218.9 8,214.2 8,888.5 4.7 (669.6) Securities (1) 8,210.2 9,010.2 (800.0) 32,263.7 32,539.4 33,137.6 (275.7) (873.9) Average earning assets 32,452.6 33,171.8 (719.2) 34,780.4 34,998.9 35,626.9 (218.5) (846.5) Total assets 34,959.7 35,665.5 (705.8)                   28,940.2 29,069.1 29,757.2 (128.9) (817.0) Deposits 29,189.2 29,311.2 (122.0) 972.1 1,138.9 1,311.0 (166.8) (338.9) Short-term borrowings 965.0 1,929.2 (964.2) 30,759.2 31,172.6 32,054.4 (413.4) (1,295.2) Total liabilities 31,070.4 32,147.4 (1,077.0) 4,021.2 3,826.3 3,572.5 194.9 448.7 Stockholders' equity 3,889.3 3,518.1 371.2             6.27% 6.24% 6.01% 3 bps 26 bps Loan yield 6.22% 5.79% 43 bps 2.66% 2.60% 2.37% 6 bps 29 bps Securities yield 2.61% 2.37% 24 bps 3.15% 3.14% 2.84% 1 bps 31 bps Cost of IB deposits 3.14% 2.32% 82 bps 80.93% 81.89% 79.10% -96 bps 183 bps Loan/Deposit ratio - EOP 80.93% 79.10% 183 bps

Slide 24

Balance Sheet Summary   3Q23 4Q23 1Q24 2Q24 3Q24 Average Loans ($MM) 23,831 23,796 23,810 23,917 23,552 Average Total Securities* ($MM) 8,888 8,579 8,197 8,214 8,219 Average Deposits ($MM) 29,757 29,975 29,561 29,069 28,940 Loan Yield (TE) 6.01% 6.11% 6.16% 6.24% 6.27% Cost of Deposits 1.74% 1.93% 2.01% 2.00% 2.02% Tangible Common Equity Ratio 7.34% 8.37% 8.61% 8.77% 9.56% * Average securities excludes unrealized gain/(loss)

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ICRE Segmentation Detail and Key Metrics ICRE loan portfolio is diversified by asset class, industry and geographic region ICRE 17% of total loans and includes a variety of collateral types 94% of total ICRE exposure matures in 2025 or later Office-ICRE exposure down $34 million, or 5% linked-quarter Office buildings tend to be more mid-rise Approximately 30% of office-ICRE exposure has medical-related tenants Approximately 95% of office exposure is located within our 5-state footprint (AL, FL, LA, MS, TX) 89% of office-ICRE portfolio (by loan count) has exposure of $5 million or less 90% of office-ICRE exposure has some level of guarantor support (corporate, personal, or both) Multifamily – ICRE and C&D exposure diverse No rent stabilized properties Approximately 79% of multifamily exposure is located within our 5-state footprint (AL, FL, LA, MS, TX) and Nashville, TN 98% of multifamily (ICRE and C&D) exposure has some level of guarantor support (corporate, personal, or both) Total Loans Outstanding % of Total Loans Commitment ($s in millions) Multifamily $845 3.6% $853 Office $684 2.9% $706 Industrial $662 2.8% $686 Retail $621 2.6% $648 Hospitality(1) $491 2.1% $498 Healthcare related properties $450 1.9% $503 Other $177 0.8% $180 Other land loans $42 0.2% $45 1-4 family residential construction $17 0.1% $17 Total ICRE Loans(2) $3,989 17.0% $4,136 As of September 30, 2024 (1) Includes hotel, motel and restaurants (2) Includes ICRE and $551 million healthcare loans outstanding; healthcare loans outstanding primarily included in healthcare related properties, office, and other collateral categories

Slide 26

EOP Loan Repricing and Maturity ($s in millions) Repricing/Maturity Term (1) Rate Structure 3 months or less 4-12 months 1-3 Years 3-5 Years 5-15 Years Over 15 Years Total Loans (EOP) Variable Rate Fixed Rate Commercial Non-RE $6,082 $296 $966 $1,209 $955 $80 $9,588   $6,218 $3,370 CRE-Owner 1,038 57 279 419 1,274 29 3,096 1,020 2,076 ICRE 2,802 96 385 402 302 2 3,988 2,773 1,216 Construction and land development 1,095 23 51 78 158 20 1,424 1,117 307 Total Commercial $11,017 $472 $1,681 $2,108 $2,689 $131 $18,097 $11,128 $6,969 Residential mortgages 56 93 176 124 1,675 1,864 3,988 1,736 2,252 Consumer 1,175 20 83 72 18 3 1,371 1,157 214 Total Loans $12,248 $585 $1,940 $2,304 $4,382 $1,997 $23,456 $14,021 $9,435     % of Total 52% 2% 8% 10% 19% 9% 100% 60% 40% Weighed Average Rate 7.80% 5.93% 4.80% 5.95% 4.06% 4.39% 6.36% 7.26% 4.91% (1) Based on maturity date for fixed rate loans 85% of variable rate loans reprice in three months or less $1.4 billion of variable rate mortgages, or 10% of total variable rate loans, reprice in 5 to 15 years

Slide 27

Total Loan Rates and Yield Trends $ in millions Total Loan Rate* - Fixed 4.40% 4.52% 4.64% 4.73% 4.82% 4.91% Total Loan Rate* - Variable 7.19% 7.40% 7.42% 7.41% 7.43% 7.26% * Loan rates represent weighted average coupon rate at end of period ** Total loan yield includes impact of cash flow hedges

Slide 28

Maintaining a Seasoned, Stable, Diversified Deposit Base DDAs as a % of total deposits remains among best-in-class at 36% at September 30, 2024 Uninsured deposits (adjusted for collateralized public funds) were 37.1% at September 30, 2024, up 1% linked-quarter The Insured Cash Sweep (ICS) product is available to clients as a way to secure deposits above FDIC limits; balances at September 30, 2024 were $377 million, down from $404 million at June 30, 2024 Repurchase (Repo) agreements are another way for clients to secure deposits; balances at September 30, 2024 were $766 million compared to $564 million at June 30, 2024 Consumer clients comprise 45% of total deposits (51% including wealth), while commercial clients comprise 37% Deposits include $190 million in brokered CDs, down $10 million linked-quarter

Slide 29

Currently have approximately $20 billion in internal and external sources of liquidity if needed Over $18 billion in remaining net liquidity available at September 30, 2024 Liquidity includes $190 million in brokered CDs at September 30, 2024, down $10 million linked-quarter At September 30, 2024 $ in millions Total Sources Amount Used Net Availability Internal Sources       Free Securities $ 4,344 $ - $ 4,344 External Sources     FHLB* 6,889 1,333 5,556 FRB-DW 3,320 - 3,320 Brokered Deposits 4,347 190 4,157 Overnight Fed Funds LOCs 1,229 200 1,029 Total Available Sources of Funding $ 20,129 $ 1,723 $ 18,406 Strong Liquidity Position; Multiple Sources of Funding Available At September 30, 2024 $ in millions Cash and O/N $ 1,365 Cash and O/N as a % of Assets 3.9% Cash and O/N + Net Availability $ 19,771 Uninsured Deposits excl. PF Deposits $ 10,753 Cash and O/N + Net Availability to Adj. Uninsured deposits 183.9% * Amount used includes letters of credit (off balance-sheet)

Slide 30

Summary Income Statement ($ in millions, except for per share data) *Non-GAAP measure: see slides 33-34 for non-GAAP reconciliations       Change       Change 3Q24 2Q24 3Q23 LQ Prior Year   YTD 2024 YTD 2023 Y-o-Y 274.5 273.3 272.1 1.2 2.4 Net interest income (TE) 816.7 836.4 (19.7) 18.6 8.7 28.5 9.9 (9.9) Provision for credit losses 40.3 42.2 (1.9) 95.9 89.2 86.0 6.7 9.9 Noninterest income 272.9 249.5 23.4 203.8 206.0 204.7 (2.2) (0.9) Noninterest expense 617.6 607.7 9.9 145.3 144.9 122.0 0.4 23.3 Income before income tax 423.5 427.8 (4.3) 29.7 30.3 24.3 (0.6) 5.4 Income tax expense 84.7 85.8 (1.1) 115.6 114.6 97.7 1.0 17.9 Net income 338.7 342.0 (3.3) 166.5 156.4 153.4 10.1 13.1 Adjusted PPNR (TE)* 475.9 478.2 (2.3)         115.6 114.6 97.7 1.0 17.9 Net income 338.7 342.0 (3.3) (0.8) (0.8) (1.0) - 0.2 Net Income allocated to participating securities (2.3) (3.6) 1.3 114.8 113.8 96.7 1.0 18.1 Net Income available to common shareholders 336.4 338.4 (2.0) 86.6 86.8 86.4 (0.2) 0.2 Weighted average common shares - diluted (millions) 86.7 86.4 0.3 1.33 1.31 1.12 0.02 0.21 EPS- diluted 3.88 3.92 (0.04)               3.39% 3.37% 3.27% 2 bps 12 bps NIM (TE) 3.36% 3.37% -1 bps 1.32% 1.32% 1.09% 0 bps 23 bps ROA 1.29% 1.28% 1 bps 11.43% 12.04% 10.85% -61 bps 58 bps ROE 11.63% 13.00% -137 bps 54.42% 56.18% 56.38% -176 bps -196 bps Efficiency ratio* 55.67% 55.14% 53 bps

Slide 31

Income Statement Summary (as Adjusted*) *Non-GAAP measure: see slides 33-34 for non-GAAP reconciliations   3Q23 4Q23 1Q24 2Q24 3Q24 Adjusted PPNR (TE)* ($000) 153,385 157,471 152,930 156,416 166,513 Net Interest Income (TE) ($000) 272,086 272,294 269,001 273,258 274,457 Net Interest Margin (TE) 3.27% 3.27% 3.32% 3.37% 3.39% Adjusted Noninterest Income* ($000) 85,974 88,205 87,851 89,174 95,895 Adjusted Noninterest Expense* ($000) 204,675 203,028 203,922 206,016 203,839 Efficiency Ratio* 56.38% 55.58% 56.44% 56.18% 54.42% 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 32

Current Hedge Positions Cash Flow (CF) Hedges Receive 232 bps versus paying 1 month SOFR on $1.4 billion $200 million in notional CF hedges were terminated in the 3Q24 with no new CF hedges added; these terminations resulted in a slight reduction of asset duration to offset changes in liability duration Total termination value on remaining active CF hedges is approximately ($36) million as of 9/30/24 Future maturities of existing CF hedges range from December 2025 through March 2028 Fair Value (FV) Hedges $514 million in securities are hedged with $478 million of FV hedges Duration (Market price risk) reduced from approximately 6.2 years to 1.8 years on hedged securities During 3Q24, no FV hedges were terminated Current termination value of FV hedges is approximately $22 million at 9/30/2024 FV hedges become fully effective beginning January 2025 through July 2026; at that point we pay fixed 1.98% and receive the FF effective rate (resulting in these bonds being a variable rate of FF plus 48 bps) When FV hedges are terminated, the value of each hedge is an adjustment to the book value of the underlying security, thereby changing its current book yield and extending its duration

Slide 33

PPNR (TE) and Adjusted PPNR (TE) Reconciliation   Three Months Ended Nine Months Ended (in thousands) 3Q24 2Q24 1Q24 4Q23 3Q23 YTD 2024 YTD 2023 Net Income (GAAP) $115,572 $114,557 $108,612 $50,603 $97,738 $338,741 $341,999 Provision for credit losses 18,564 8,723 12,968 16,952 28,498 40,255 42,151 Income tax expense 29,684 30,308 24,720 11,705 24,297 84,712 85,821 Pre-provision net revenue 163,820 153,588 146,300 79,260 150,533 463,708 469,971 Taxable equivalent adjustment* 2,693 2,828 2,830 2,834 2,852 8,351 8,273 Pre-provision net revenue (TE)* 166,513 156,416 149,130 82,094 153,385 472,059 478,244 Adjustments from supplemental disclosure items     Gain on sale of parking facility — — — (16,126) — — — Loss on securities portfolio restructure — — — 65,380 — — — FDIC special assessment — — 3,800 26,123 — 3,800 — Adjusted pre-provision net revenue (TE)* $166,513 $156,416 $152,930 $157,471 $153,385 $475,859 $478,244 Total Revenue (TE), Operating PPNR (TE) Reconciliations Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%. Three Months Ended (in thousands) 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 Net interest income $238,286 $235,183 $237,866 $231,188 $233,156 Noninterest income 82,350 83,748 73,943 84,387 82,924 Total revenue $320,636 $318,931 $311,809 $315,575 $316,080 Taxable equivalent adjustment 3,115 3,189 3,248 3,448 3,580 Total revenue (TE) $323,751 $322,120 $315,057 $319,023 $319,660 Noninterest expense (193,144) (195,774) (196,539) (203,335) (197,856) Nonoperating expense — — — — 3,856 Operating pre-provision net revenue $130,607 $126,346 $118,518 $115,688 $125,660CHANCOCK WHITNEY 31 *Taxable equivalent (TE) amounts are calculated using a federal tax rate of 21% Adjusted Noninterest Income and Noninterest Expense   Three Months Ended Nine Months Ended (in thousands) 3Q24 2Q24 1Q24 4Q23 3Q23 YTD 2024 YTD 2023 Noninterest income (GAAP) $95,895 $89,174 $87,851 $38,951 $85,974 $272,920 $249,529 Adjustments from supplemental disclosure items     Gain on sale of parking facility — — — (16,126) — — — Loss on securities portfolio restructure — — — 65,380 — — — Adjusted noninterest income $95,895 $89,174 $87,851 $88,205 $85,974 $272,920 $249,529 Noninterest expense (GAAP) $203,839 $206,016 $207,722 $229,151 $204,675 $617,577 $607,697 Adjustments from supplemental disclosure items     FDIC special assessment — — (3,800) (26,123) — (3,800) — Adjusted noninterest expense $203,839 $206,016 $203,922 $203,028 $204,675 $613,777 $607,697

Slide 34

Adjusted Efficiency Ratio   Three Months Ended Nine Months Ended (in thousands) 3Q24 2Q24 1Q24 4Q23 3Q23 YTD 2024 YTD 2023 Net interest income $271,764 $270,430 $266,171 $269,460 $269,234 $808,365 $828,139 Noninterest income 95,895 89,174 87,851 38,951 85,974 272,920 249,529 Total GAAP revenue 367,659 359,604 354,022 308,411 355,208 1,081,285 1,077,668 Taxable equivalent adjustment* 2,693 2,828 2,830 2,834 2,852 8,351 8,273 Total revenue (TE)* 370,352 362,432 356,852 311,245 358,060 1,089,636 1,085,941 Adjustments from supplemental disclosure items         Gain on sale of parking facility — — — (16,126) — — — Loss on securities portfolio restructure — — — 65,380 — — — Adjusted revenue (TE)* $370,352 $362,432 $356,852 $360,499 $358,060 $1,089,636 $1,085,941 GAAP Noninterest expense $203,839 $206,016 $207,722 $229,151 $204,675 $617,577 $607,697 Amortization of Intangibles (2,292) (2,389) (2,526) (2,672) (2,813) (7,207) (8,884) Adjustments from supplemental disclosure items         FDIC special assessment — — (3,800) (26,123) — (3,800) — Adjusted noninterest expense less amortization of intangibles $201,547 $203,627 $201,396 $200,356 $201,862 $606,570 $598,813 Efficiency Ratio** 54.42% 56.18% 56.44% 55.58% 56.38% 55.67% 55.14% *Taxable equivalent (TE) amounts are calculated using a federal tax rate of 21% ** The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items noted above

Slide 35

Third Quarter 2024 Earnings Conference Call 10/15/2024 HANCOCK WHITNEY

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