Financial Data and Key Metrics Changes - First-quarter net income totaled $123.5 million, down $14.3 million from the previous quarter but up over 15% from the same quarter a year ago [13] - Earnings per share (EPS) for the first quarter was $1.40, down $0.15 from the last quarter but up $0.19 from the first quarter of last year [13] - Core loan growth was 8% linked-quarter annualized, with an increase of $385 million in core loans linked-quarter [6][13] - Total deposits were virtually unchanged linked-quarter, with a shift in mix towards non-interest-bearing deposits [17] Business Line Data and Key Metrics Changes - Core loan growth of $385 million was driven by increasing economic activity and line utilization across various markets and business lines [6][7] - The bond portfolio grew by $318 million, aligning with liquidity deployment plans [13] - The net interest margin (NIM) for the first quarter was 2.81%, an increase of one basis point from the previous quarter [18] Market Data and Key Metrics Changes - New Orleans experienced a resurgence in tourism and hospitality, contributing positively to economic recovery [8][9] - The commercial criticized loan ratio improved to 1.7% of total commercial loans, marking the sixth consecutive quarter of improvement [9] - Non-performing loans (NPLs) decreased to 0.22% of total loans, continuing a trend of improvement over nine quarters [9] Company Strategy and Development Direction - The company announced a strategic decision to eliminate consumer NSF and certain overdraft fees by the end of 2022, estimating an annual impact of $10 million to $11 million in fee income [11][12] - The focus on expanding digital channels and launching new retail products is expected to improve consumer account acquisition rates in 2023 [12] - The company aims to achieve a 55% efficiency ratio target by the end of the year, with ongoing efficiency initiatives helping to manage expense levels [16][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position despite uncertainties in the economic and geopolitical environments [16] - The expectation of continued loan and earning asset growth, along with higher rates, is anticipated to result in higher revenue [13][16] - Management noted that the impact of PPP forgiveness is expected to become less significant in future quarters, allowing for more robust loan growth [7][78] Other Important Information - The total capital levels remain solid, with a Tier one ratio of 11.12%, up three basis points linked-quarter [10] - The unrealized pretax loss in the available-for-sale bond portfolio was $387 million as of March 31, reflecting the impact of rising rates [18] - The company repurchased 350,000 shares at an average price of $52.79 during the quarter [10] Q&A Session Summary Question: Update on hires and expense guidance - Management noted a successful quarter with significant new hires, which are expected to positively impact the loan pipeline [26][28] Question: Margin expectations and balance sheet management - Management confirmed that the guidance on margin reflects a static balance sheet, with expectations for continued deployment of excess liquidity [30][32] Question: Deposit beta assumptions - Management indicated that deposit beta is expected to mirror historical experiences, around 25% on total deposits [38] Question: Vulnerabilities in the loan portfolio - Management identified floating rate loans as potentially more vulnerable, particularly in commercial real estate, but expressed confidence in the portfolio's resilience [67] Question: Guidance on provisioning - Management clarified that reserve releases are expected to taper off, with a potential return to near-zero levels in a few quarters [73][74] Question: Impact of NSF fee changes - Management indicated that changes to NSF fees are expected to be implemented by the end of the year, with a gradual impact on revenue [93] Question: Strategy in Texas market - Management explained the strategy of expanding into Texas markets to diversify risk and capitalize on higher growth rates [97][99]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-36872 Hancock Whitney Corporation (Exact name of registrant as specified in its charter) | Mississippi | | 64-0693170 | | --- | --- | --- | | (State or other j ...

Fourth Quarter 2021 Earnings Conference Call 1/18/2022 Important cautionary statement about forward-looking statements This presentation contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit l ...

Hancock Whitney Corporation (NASDAQ:HWC) Q4 2021 Earnings Conference Call January 18, 2022 5:00 PM ET Company Participants Trisha Carlson - Investor Relations Manager John Hairston - President and CEO Michael Achary - CFO Conference Call Participants Michael Rose - Raymond James Brad Milsaps - Piper Sandler Brett Rabatin - Hovde Group Jennifer Demba - Truist Securities Catherine Miller - KBW Kevin Fitzsimmons - D. A. Davidson Christopher Marinac - Janney Montgomery Scott Disclaimer*: This transcript is desi ...

Third Quarter 2021 Earnings Conference Call 10/19/2021 Important cautionary statement about forward-looking statements This presentation contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit l ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36872 HANCOCK WHITNEY CORPORATION (Exact name of registrant as specified in its charter) Mississippi 64-0693170 (State or o ...

Financial Data and Key Metrics Changes - The company reported net income of $130 million or $1.46 per share, an increase of $41 million or $0.46 linked quarter [8] - Adjusted EPS for the third quarter was $1.45, up $0.08 linked quarter [8] - A negative provision of $27 million in the third quarter compared to a negative provision of $17 million in the second quarter, attributed to less than $2 million of net charge-offs [9] - Criticized and non-performing loans decreased by 29% and 65% respectively from one year ago [9] Business Line Data and Key Metrics Changes - Core EOP loans grew by $220 million, partially offsetting $482 million in PPP forgiveness during the quarter [17] - Total reported loans decreased by $262 million, ending the quarter at just under $21 billion [17] - The company maintained guidance for core loan growth of $400 million to $500 million and PPP forgiveness of up to $500 million [18] Market Data and Key Metrics Changes - The company experienced a flat net interest income with only a 2 basis points compression in NIM [19] - The NIM was impacted by a full quarter's effect from the June redemption of subordinated debt and a lower cost of deposits, adding 5 basis points to the NIM [20] - The company expects an additional 4 basis points of compression in the fourth quarter due to continued levels of liquidity and lower rates [21] Company Strategy and Development Direction - The company aims for a 55% efficiency ratio and plans to deploy excess liquidity into loans and securities as rates rise [12] - The company is hiring bankers in new and growth markets, having added 15 new bankers recently [13] - The company is focused on strategic procurement and operational effectiveness gains through technology deployment [14] Management's Comments on Operating Environment and Future Outlook - Management noted that there is no significant pressure on credit from Hurricane Ida or the Delta surge, with asset quality metrics improving [10] - The company expects to maintain a strong position with TCE projected back to 8% or better by year-end [14] - Management expressed confidence in achieving solid loan growth and maintaining expense targets despite inflationary pressures [12][23] Other Important Information - The company repurchased just over 56,000 shares of common stock at an average price of $44.49 per share [24] - The company expects mortgage fees to slow as the boom in refinancing begins to subside [22] Q&A Session Summary Question: Efficiency ratio target and revenue expectations - Management directed attention to slide eighteen for guidance on loan growth and balance sheet management [32] Question: Credit quality and reserve levels - Management indicated potential for reserve releases similar to previous quarters, estimating around $27 million to $28 million [38] Question: Fee income guidance and mortgage impact - Management noted that secondary mortgage fee reduction was a significant detractor from fee income, but other categories showed improvement [44] Question: Margin pressure and loan pricing - Management acknowledged competitive pricing pressures in the market but indicated they are meeting competition effectively [76] Question: Investment securities portfolio growth - The bond book is currently at about $8.2 billion, representing approximately 25.6% of earning assets, with potential growth depending on market conditions [80]

Financial Performance - Net income for the three months ended June 30, 2021, was $88,718 thousand, a recovery from a net loss of $(117,072) thousand in the same period of 2020[16]. - Earnings per share for the three months ended June 30, 2021, was $1.00, compared to a loss per share of $(1.36) for the same period in 2020[16]. - Comprehensive income for the three months ended June 30, 2021, was $163,023 thousand, compared to a loss of $(87,612) thousand in the same period of 2020, indicating a strong recovery[18]. - Net income for the three months ended June 30, 2021, was $195,890, compared to a net loss of $228,105 for the same period in 2020, representing a significant turnaround[23]. - Net income for Q2 2021 was $88.7 million, or $1.00 per diluted share, down from $107.2 million, or $1.21 per share in Q1 2021[187]. Asset and Deposit Growth - Total assets increased to $35,098,709 thousand as of June 30, 2021, up from $33,638,602 thousand at December 31, 2020, representing a growth of 4.3%[14]. - The total deposits increased to $29,273,107 thousand as of June 30, 2021, up from $27,697,877 thousand at December 31, 2020, representing a growth of 5.7%[14]. - The company reported a net increase in deposits of $1,575,231 for the six months ended June 30, 2021, compared to $3,518,693 in the same period of 2020[23]. Credit Quality and Losses - The provision for credit losses was $(17,229) thousand for the three months ended June 30, 2021, compared to $306,898 thousand for the same period in 2020, indicating a significant improvement in credit quality[16]. - The provision for credit losses for the six months ended June 30, 2021, was $(22,140), a significant decrease from $553,691 in the same period of 2020[23]. - The net provision for loan losses was $(21,757) thousand, indicating a reduction in reserves[55]. - The net provision for loan losses was $548,424 thousand for the six months ended June 30, 2021, compared to $191,251 thousand for the same period in 2020, representing a substantial increase of 187%[57]. - Nonperforming loans declined by 24% and criticized commercial loans decreased by 5%[189]. Noninterest Income and Expenses - Noninterest income increased to $94,272 thousand for the three months ended June 30, 2021, up from $73,943 thousand in the same period of 2020, reflecting a growth of 27.4%[16]. - Total noninterest expense for the three months ended June 30, 2021, was $236,770 thousand, compared to $196,539 thousand for the same period in 2020, an increase of 20.5%[16]. - The company reported total other noninterest income of $17,881,000 for the three months ended June 30, 2021, compared to $13,134,000 for the same period in 2020, reflecting an increase of approximately 36.5%[112]. Securities and Investments - As of June 30, 2021, the total amortized cost of available-for-sale debt securities was $7,190,161, with a fair value of $7,300,421, reflecting a gross unrealized gain of $167,593[34]. - The company reported proceeds from sales of securities totaling $198,681 for the six months ended June 30, 2021, compared to $124,122 for the same period in 2020, indicating a significant increase in activity[36]. - The fair value of securities pledged as collateral was $3.0 billion at June 30, 2021, down from $3.4 billion at December 31, 2020, reflecting a decrease in collateralized assets[36]. Loans and Lending Activities - The total loans as of June 30, 2021, amounted to $21,148.53 million, a decrease from $21,789.93 million as of December 31, 2020, representing a decline of approximately 2.9%[45]. - The company reported a total of $71.5 million in accrued interest as of June 30, 2021, compared to $76.2 million as of December 31, 2020[44]. - The company reported a net increase in loans of $670,795 for the six months ended June 30, 2021, compared to a net decrease of $(2,029,351) in the same period of 2020[23]. Risk Management and Economic Outlook - The company anticipates a GDP growth of 6.9% in 2021, 5.0% in 2022, and 2.3% in 2023, indicating a positive economic outlook[57]. - Management highlighted the potential impact of COVID-19 on business operations and credit portfolio, emphasizing the need for effective risk management[165]. - The company expects net interest margin to compress an additional 4 basis points in Q3 2021 and 5 basis points in Q4 2021, with an anticipated full-year decline of 30 basis points compared to 2020[197]. Shareholder Returns and Stock Activity - The company declared dividends of $0.27 per share for both the three months ended June 30, 2021, and 2020, maintaining consistent dividend payments[16]. - The Company entered into a stock buyback program on April 22, 2021, authorizing the repurchase of up to 4.3 million shares of common stock[101]. - The Company repurchased 4.9 million shares under a previous buyback program at an average price of $37.65 per share[102].

Second Quarter 2021 Earnings Conference Call 7/20/2021 Important cautionary statement about forward-looking statements This presentation contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit l ...

Hancock Whitney Corporation (NASDAQ:HWC) Q2 2021 Earnings Conference Call July 20, 2021 5:00 PM ET Company Participants Trisha Carlson - Investor Relations Manager John Hairston - President and CEO Mike Achary - CFO Chris Ziluca - Chief Credit Officer Conference Call Participants Michael Rose - Raymond James Brett Rabatin - Hovde Group Brad Milsaps - Piper Sandler Jennifer Demba - Truist Securities Catherine Mealor - KBW Matt Olney - Stephens Kevin Fitzsimmons - D. A. Davidson Operator Good day, ladies and ...