Financial Performance - Net income for 4Q23 was $506 million, or $058 per diluted share[53] - Adjusted Pre-Provision Net Revenue (PPNR) totaled $1575 million, up 3% linked-quarter[52] - For the year 2023, net income was $3926 million, or $450 per diluted share[57] - Adjusted Pre-Provision Net Revenue (PPNR) for 2023 totaled $6357 million, down 1% compared to 2022[57] Balance Sheet - Total loans at the end of 4Q23 were $239 billion, a decrease of $618 million, or 1% linked-quarter[44, 59] - Total deposits at the end of 4Q23 were $297 billion, a decrease of $6303 million, or 8% linked-quarter[62] - Securities portfolio totaled $82 billion, down $649 million linked-quarter[99] Capital Ratios - CET1 ratio was estimated at 1239% at the end of 4Q23, up 33 bps linked-quarter[31, 52] - Tangible Common Equity (TCE) ratio was 837% at the end of 4Q23, up 103 bps linked-quarter[31, 52] Asset Quality - Criticized commercial loans totaled $274 million, or 147% of total commercial loans[78] - Nonaccrual loans totaled $59 million, or 025% of total loans[64] - Allowance for Credit Losses (ACL) was 141% of total loans[44, 96]

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, 2023 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 ...

Hancock Whitney Corporation (NASDAQ:HWC) Q3 2023 Earnings Conference Call October 17, 2023 5:00 PM ET Company Participants Kathryn Mistich - Investor Relations Manager John Hairston - President and Chief Executive Officer Mike Achary - Chief Fianancial Officer Chris Ziluca - Chief Credit Officer Conference Call Participants Michael Rose - Raymond James Brett Rabatin - Hovde Group Casey Haire - Jefferies Stephen Scouten - Piper Sandler Brandon King - Truist Securities Catherine Mealor - KBW Kevin Fitzsimmons ...

[Part I. Financial Information](index=5&type=section&id=Part%20I.%20Financial%20Information) This section presents the company's unaudited consolidated financial statements and management's discussion and analysis of financial condition and results of operations [Financial Statements](index=5&type=section&id=ITEM%201.%20Financial%20Statements) This section presents Hancock Whitney Corporation's unaudited consolidated financial statements for Q2 2023, including balance sheets, income statements, and notes [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets increased to **$36.2 billion** at June 30, 2023, driven by loan growth, with total liabilities and equity also rising Consolidated Balance Sheets (in millions) | (in millions) | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$36,210.15** | **$35,183.83** | | Loans, net | $23,475.39 | $22,806.26 | | Securities (AFS & HTM) | $8,195.68 | $8,408.54 | | **Total Liabilities** | **$32,655.67** | **$31,841.20** | | Total deposits | $30,043.50 | $29,070.35 | | Short-term borrowings | $1,629.54 | $1,871.27 | | **Total Stockholders' Equity** | **$3,554.48** | **$3,342.63** | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) Q2 2023 net income was **$117.8 million**, a slight decrease year-over-year, reflecting increased interest income and expense Consolidated Statements of Income (in millions, except per share data) | (in millions, except per share data) | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Net interest income | $273.91 | $245.73 | $558.91 | $474.20 | | Provision for credit losses | $7.63 | $(9.76) | $13.65 | $(32.29) | | Noninterest income | $83.23 | $85.65 | $163.56 | $169.09 | | Noninterest expense | $202.14 | $187.10 | $403.02 | $367.04 | | **Net income** | **$117.79** | **$121.44** | **$244.26** | **$244.91** | | **Earnings per share-diluted** | **$1.35** | **$1.38** | **$2.80** | **$2.78** | [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Detailed disclosures cover accounting policies, loan portfolios, credit losses, and the adoption of ASU 2022-02 on troubled debt restructurings - Effective January 1, 2023, the Company adopted ASU 2022-02, which eliminated accounting guidance for Troubled Debt Restructurings (TDRs) and introduced new disclosure requirements for modifications to loans for borrowers experiencing financial difficulty (MEFDs)[30](index=30&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=39&type=section&id=ITEM%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q2 and H1 2023 financial condition, covering economic outlook, net interest income, credit losses, and balance sheet [Overview and Economic Outlook](index=40&type=section&id=Overview) The U.S. economy shows resilience, but management weights a mild recession scenario at **60%** for credit loss allowance calculations - The company reported net income of **$117.8 million**, or **$1.35** per diluted share, for Q2 2023, down from **$126.5 million** in Q1 2023, with key challenges including a compressing net interest margin (**3.30%** vs **3.55%** in Q1) due to a shift to higher-cost deposits[194](index=194&type=chunk)[195](index=195&type=chunk) - For the allowance for credit losses calculation at June 30, 2023, management applied a **40%** weighting to Moody's baseline economic forecast and a **60%** weighting to the S-2 mild recessionary scenario, which assumes a three-quarter recession starting in Q3 2023[189](index=189&type=chunk)[191](index=191&type=chunk) [Results of Operations](index=44&type=section&id=Results%20of%20Operations) Q2 2023 net interest income decreased **4%** to **$276.7 million** due to margin compression, while noninterest income rose **4%** - Net interest income (tax-equivalent) for Q2 2023 was **$276.7 million**, a **4%** decrease from Q1 2023, primarily due to the net interest margin compressing by **25 bps** to **3.30%**, driven by a shift in funding mix to higher-cost deposits and increased short-term borrowings[201](index=201&type=chunk)[202](index=202&type=chunk)[203](index=203&type=chunk) - The provision for credit losses was **$7.6 million** in Q2 2023, reflecting a **$4.2 million** reserve build and **$3.4 million** in net charge-offs, compared to a **$6.0 million** provision in Q1 2023[213](index=213&type=chunk) - Noninterest income increased by **$2.9 million** (**4%**) from Q1 2023, driven by higher service charges and trust fees, while noninterest expense rose by **$1.3 million** (**1%**), mainly due to increased data processing, occupancy, and regulatory fees[217](index=217&type=chunk)[230](index=230&type=chunk) [Liquidity and Capital Resources](index=52&type=section&id=Liquidity%20and%20Capital%20Resources) Strong liquidity of **$18.5 billion** exceeds uninsured deposits, and all capital ratios remain well above regulatory minimums - Total available liquidity sources amounted to **$18.5 billion** as of June 30, 2023, which significantly exceeds the estimated **$10.3 billion** of uninsured, noncollateralized deposits[249](index=249&type=chunk)[250](index=250&type=chunk) Capital Ratios | Ratio | June 30, 2023 | Well-Capitalized Minimum | | :--- | :--- | :--- | | Total capital (to risk weighted assets) | 13.44% | 10.00% | | Tier 1 common equity capital (CET1) | 11.83% | 6.50% | | Tier 1 leverage capital | 9.64% | 5.00% | - On January 26, 2023, the board authorized a new stock repurchase program for up to **4.3 million** shares, expiring December 31, 2024, with no shares repurchased under this program to date[265](index=265&type=chunk) [Balance Sheet Analysis](index=56&type=section&id=Balance%20Sheet%20Analysis) Total loans grew **2%** to **$23.8 billion**, deposits increased **1%** to **$30.0 billion** with a mix shift, and ACL was **$345.7 million** - Total loans increased by **$385.4 million** (**2%**) from Q1 2023 to **$23.8 billion**, with growth led by residential mortgages and commercial & industrial loans[274](index=274&type=chunk) - Total deposits grew by **$430.4 million** (**1%**) to **$30.0 billion**, including a **$688 million** decline in noninterest-bearing deposits and a **$917 million** increase in retail time deposits, reflecting a mix shift toward higher-cost funding[295](index=295&type=chunk)[296](index=296&type=chunk)[298](index=298&type=chunk) - The allowance for credit losses (ACL) was **$345.7 million**, or **1.45%** of total loans, at June 30, 2023, with criticized commercial loans remaining relatively stable at **$302.2 million**[282](index=282&type=chunk)[284](index=284&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=65&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company is asset-sensitive, with a simulated **+100 bps** rate increase boosting net interest income by **3.03%** in year one, and successfully transitioned from LIBOR Estimated Net Interest Income Change | Change in Interest Rates (bps) | Estimated NII Change (Year 1) | Estimated NII Change (Year 2) | | :--- | :--- | :--- | | -100 | -2.90% | -4.46% | | +100 | 3.03% | 4.22% | | +200 | 5.70% | 8.18% | - The company has completed its transition from LIBOR, with all remaining LIBOR-based instruments transitioned to alternative benchmarks like SOFR effective July 3, 2023, with no material financial impact[322](index=322&type=chunk)[323](index=323&type=chunk) [Controls and Procedures](index=67&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were effective as of June 30, 2023, with no material changes to internal control over financial reporting - The CEO and CFO concluded that as of June 30, 2023, the Company's disclosure controls and procedures were effective[324](index=324&type=chunk) - No changes in internal control over financial reporting occurred during the second quarter of 2023 that have materially affected, or are reasonably likely to materially affect, internal controls[325](index=325&type=chunk) [Part II. Other Information](index=68&type=section&id=Part%20II.%20Other%20Information) This section provides other required information, including legal proceedings, risk factors, equity sales, and exhibits [Legal Proceedings](index=68&type=section&id=ITEM%201.%20Legal%20Proceedings) The company is involved in various legal proceedings, but management expects no material adverse effect on financial position or liquidity - The Company states that it does not believe any pending legal proceedings will have a material adverse effect on its consolidated financial position or liquidity[328](index=328&type=chunk) [Risk Factors](index=68&type=section&id=ITEM%201A.%20Risk%20Factors) No material changes to previously disclosed risk factors were reported during the quarter - No material changes to the risk factors disclosed in the 2022 Form 10-K or the Q1 2023 Form 10-Q were reported for the period[330](index=330&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=68&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) A stock repurchase program for up to **4.3 million** shares is authorized, but no shares were repurchased in Q2 2023 Stock Repurchase Program Activity | Period | Total Shares Purchased | Average Price Paid | Shares Remaining in Program (in millions) | | :--- | :--- | :--- | :--- | | April 2023 | 0 | $0.00 | 4.30 | | May 2023 | 0 | $0.00 | 4.30 | | June 2023 | 0 | $0.00 | 4.30 | [Other Information](index=69&type=section&id=ITEM%205.%20Other%20Information) No directors or executive officers adopted, terminated, or modified Rule 10b5-1 trading arrangements during Q2 2023 - No directors or executive officers adopted, terminated, or modified a Rule 10b5-1 trading arrangement during the three months ended June 30, 2023[333](index=333&type=chunk) [Exhibits](index=69&type=section&id=ITEM%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and Inline XBRL documents

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 March 31, 2023 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 other ...

4/18/2023 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 ...

Hancock Whitney Corporation (NASDAQ:HWC) Q1 2023 Earnings Conference Call April 18, 2023 5:00 PM ET Company Participants Kathryn Mistich - Investor Relations Manager John Hairston - President and Chief Executive Officer Mike Achary - Chief Financial Officer Chris Ziluca - Chief Credit Officer Conference Call Participants Catherine Mealor - KBW Michael Rose - Raymond James Kevin Fitzsimmons - D.A. Davison Brandon King - Truist Brett Rabatin - Hovde Group Casey Haire - Jefferies Brad Milsaps - Piper Sandler M ...

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, 2022 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 jurisdiction of incorporation o ...

Financial Data and Key Metrics Changes - The company reported a fourth quarter EPS of $1.65, an increase of $0.10 from the previous quarter [8] - Net income for the fourth quarter was $144 million, up $8.4 million from the third quarter [8] - The efficiency ratio improved to 49.81%, indicating strong operational performance [8] - The net interest margin (NIM) increased to 3.68%, up 14 basis points from the previous quarter [9] - The yield on new loans rose by 134 basis points to 6.27% [9] Business Line Data and Key Metrics Changes - The company experienced a net loan growth of $528.5 million, representing a 9% annualized increase from the previous quarter [96] - Deposit growth was challenged, with DDA and interest-bearing transaction deposits down by $692 million and $176 million, respectively [81] - The company anticipates a 3% to 4% growth in total noninterest income for 2023, despite a $10 million to $11 million loss from the elimination of certain fees [6][128] Market Data and Key Metrics Changes - The company noted that commercial clients are deploying excess liquidity into working capital, impacting deposit growth [81] - The deposit beta increased to around 21% in the fourth quarter, indicating a shift in deposit pricing sensitivity [126] Company Strategy and Development Direction - The company plans to focus on core relationship lending and enhancing deposit relationships to create value [78] - There is an expectation of slower loan growth in 2023, with guidance indicating low to mid-single digit growth [93] - The company is investing in technology to improve scalability and effectiveness, which is expected to yield long-term benefits [79][139] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2024, anticipating a more conducive environment for balance sheet growth [36] - The company is prepared for potential economic slowdowns and is focused on maintaining a solid capital position [40][93] - Management highlighted that credit metrics remain at historically low levels, indicating a strong risk management posture [79] Other Important Information - The company expects noninterest expenses to increase by 6% to 7% in 2023, driven by inflation and higher FDIC assessments [6] - The company added $1.5 million to its reserve at year-end, maintaining an allowance for credit losses (ACL) of 148 basis points [40] Q&A Session Summary Question: What factors will influence fee income growth? - Management noted that specialty income components were down in the fourth quarter but expect a rebound in 2023 [12][13] Question: How does the company view its loan portfolio in a higher rate environment? - Management expressed confidence in the portfolio's resilience, particularly in medical office segments, while monitoring potential vulnerabilities [108] Question: What are the expectations for deposit growth in 2023? - Management indicated that deposit growth will be challenging, with a focus on managing the balance sheet effectively [93][121] Question: How will the company manage expenses in 2023? - Management expects a normalization of expenses, with increases primarily driven by pension and FDIC costs [22][139] Question: What is the outlook for net interest margin (NIM)? - Management anticipates stable NIM, with potential fluctuations based on deposit balances and loan growth [105][134]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 other jurisdiction of incorporation or organization) Hancock Whitney Plaza, 2510 14 Street, Gulfport, Mississippi 39501 (Address of principal executive offices) (Zip Code) th FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SE ...