HANCOCK WHITNEY CORP - FORM 8-K - EX-99.1

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8-K - 8-K - HANCOCK WHITNEY CORP	d46783d8k.htm

Exhibit 99.1

LOGO

For Immediate Release

July 23, 2015

For More Information

Trisha Voltz Carlson

SVP, Investor Relations Manager

504.299.5208

trisha.carlson@hancockbank.com

Hancock reports second quarter 2015 financial results

Positive results from ongoing initiatives and strategies evident in quarterly results

GULFPORT, Miss. (July 23, 2015) — Hancock Holding Company (Nasdaq: HBHC) today announced its financial results for the second quarter of 2015. Operating income for the second quarter of 2015 was $40.6 million, or $.51 per diluted common share, compared to $44.7 million, or $.55, in the first quarter of 2015. Operating income was $49.6 million, or $.59, in the second quarter of 2014. We define our operating income as net income excluding tax-effected securities transactions gains or losses and nonoperating expense items. Nonoperating expenses totaled $8.9 million (pre-tax) and $7.3 million (pre-tax), in the second and first quarters of 2015, respectively, and $12.1 million (pre-tax) in the second quarter of 2014. Management believes that operating income is one useful measure of our financial performance that helps investors compare the company’s fundamental operational performance from period to period. The financial tables include a reconciliation of net income to operating income.

Net income for the second quarter of 2015 was $34.8 million, or $.44 per diluted common share, compared to $40.2 million, or $.49 in the first quarter of 2015 and $40.0 million, or $.48, in the second quarter of 2014.

“The second quarter operating results reflect efforts over the last several quarters at growing earning assets and core revenue,” said John M. Hairston, President and CEO. “Organic balance sheet growth, increases in both net interest income and fees (excluding the impact of purchase accounting items), continued expense management discipline, solid capital levels and strong credit quality, despite the impact of today’s energy cycle, all reflect the improved quality of our earnings. We remain focused on continuing these efforts, and I look forward to reporting additional progress in future quarters.”

Highlights of the company’s second quarter of 2015 results:

•

An approximate $7.5 million, or $.06 per share, decline in linked-quarter net purchase accounting income negatively impacted both operating and net results

•

Earnings increased $0.8 million, or 2% linked-quarter (excluding the tax-effected impact of net purchase accounting items and nonoperating items)

Hancock reports second quarter 2015 financial results

July 23, 2015

•

E.P.S. (excluding the tax-effected impact of net purchase accounting items and nonoperating items) increased 4% linked-quarter

•

Loans increased $420 million, or 12% linked-quarter annualized (LQA), funded by an increase in deposits of $441 million, or 10% LQA

•

Total assets of $21.5 billion; up $814 million or 4% from March 31, 2015

•

Fee income (excluding accretion in indemnification asset) up almost $5 million or 8% from the first quarter of 2015

•

Loan loss provision reflects additional build for the energy portfolio, including the impact of the shared national credit (SNC) review, offset by improvements in other loan portfolio measures

•

NIM of 3.30% reflects the expected drop in accretion income linked-quarter, the full quarter impact of the subordinated debt issuance in March 2015 and a drop in the overall yield of the securities portfolio

•

Nonoperating expenses totaled approximately $9 million, pre-tax

Over the past several quarters we have disclosed our focus on strategic initiatives that are designed to replace declining levels of purchase accounting income from acquisitions with improvement in core income, which the company defines as operating income excluding tax-effected purchase accounting adjustments. As of this quarter, the impact to the company’s bottom line from net purchase accounting items has substantially diminished, and core results are now equal to operating results.

Loans

Total loans at June 30, 2015 were $14.3 billion, up $420 million from March 31, 2015. Net loan growth during the quarter was across many markets within the footprint, with additional growth in indirect, mortgage and specialty finance.

At June 30, 2015, loans in the energy segment totaled $1.67 billion, or 12% of total loans. The energy portfolio declined approximately $5 million linked-quarter and is comprised of credits to both the E&P industry and support industries. Additional details of the energy portfolio are included in the presentation slides posted on our Investor Relations website.

Average loans totaled $14.1 billion for the second quarter of 2015, up $270 million, or 2%, linked-quarter.

Deposits

Total deposits at June 30, 2015 were $17.3 billion, up $441 million, or 3%, from March 31, 2015. Average deposits for the second quarter of 2015 were $16.9 billion, up $377 million, or 2%, linked-quarter.

Noninterest-bearing demand deposits (DDAs) totaled $6.2 billion at June 30, 2015, virtually unchanged from March 31, 2015. DDAs comprised 36% of total period-end deposits at June 30, 2015.

Hancock reports second quarter 2015 financial results

July 23, 2015

Interest-bearing transaction and savings deposits totaled $7.0 billion at the end of the second quarter of 2015, up $418 million, or 6%, from March 31, 2015. Time deposits of $2.2 billion decreased $90 million, or 4%, while interest-bearing public fund deposits increased $134 million, or 7%, to $2.0 billion at June 30, 2015.

Asset Quality

Nonperforming assets (NPAs) totaled $165 million at June 30, 2015, up $24 million from March 31, 2015. During the second quarter of 2015, total nonperforming loans increased approximately $28 million while foreclosed and surplus real estate (ORE) and other foreclosed assets decreased approximately $4 million. The net increase in nonperforming loans was mainly related to one energy loan (nondrilling support) which was downgraded during the quarter. Nonperforming assets as a percent of total loans, ORE and other foreclosed assets was 1.15% at June 30, 2015, up 14 bps from March 31, 2015.

The total allowance for loan losses was $131 million at June 30, 2015, up $2.7 million from March 31, 2015. The ratio of the allowance for loan losses to period-end loans was 0.91% at June 30, 2015, virtually unchanged from March 31, 2015. The allowance maintained on the non-FDIC acquired portion of the loan portfolio increased $6.3 million linked-quarter, totaling $107 million, and the impaired reserve on the FDIC acquired loan portfolio declined $3.6 million linked-quarter.

Pricing pressures on oil continued during the second quarter and led to additional downward pressure on risk ratings. Based on those changes, plus updates to the qualitative factors related to energy, the reserve for the energy portfolio increased $10.6 million linked-quarter. Management believes that if further risk rating downgrades occur they could lead to additional loan loss provisions but not translate to significant losses. The impact and severity of risk rating migration, associated provision and net charge-offs will depend on overall oil price reduction and the duration of the cycle. Additional details of the energy portfolio are included in the presentation slides posted on our Investor Relations website.

Net charge-offs from the non-FDIC acquired loan portfolio were $1.2 million, or 0.03% of average total loans on an annualized basis in the second quarter of 2015, down from $3.7 million, or 0.11% of average total loans in the first quarter of 2015.

During the second quarter of 2015, Hancock recorded a total provision for loan losses of $6.6 million, up $0.5 million from the first quarter of 2015.

Net Interest Income and Net Interest Margin

Net interest income (TE) for the second quarter of 2015 was $154.9 million, down $6.2 million from the first quarter of 2015. During the second quarter, net interest income from purchase accounting adjustments (PAAs) declined $7.6 million compared to the first quarter of 2015. Excluding the impact from purchase accounting items, core net interest income increased $1.4 million linked-quarter. Average earning assets were $18.8 billion for the second quarter of 2015, up $465 million, or 3%, from the first quarter of 2015.

Hancock reports second quarter 2015 financial results

July 23, 2015

The reported net interest margin (TE) was 3.30% for the second quarter of 2015, down 25 bps from the first quarter of 2015. Approximately 18 bps of the decline was related to the decrease in purchase accounting adjustments noted above. The core net interest margin (reported net interest income (TE) excluding total net purchase accounting adjustments, annualized, as a percent of average earning assets) declined 7 bps to 3.14% during the second quarter of 2015. Declines in the core loan yield (-3 bps) and the securities portfolio yield (-13 bps) were the main drivers of the margin compression. A full quarter’s impact from interest on the issuance of $150 million in holding company subordinated debt in early March led to a 4 bps increase in the total cost of funds.

Noninterest Income

Noninterest income, including securities transactions, totaled $60.9 million for the second quarter of 2015, up $4.3 million, or 8%, from the first quarter of 2015. Also included in the total is a reduction of $1.3 million related to the amortization of the FDIC indemnification asset, compared to a reduction of $1.2 million in the first quarter of 2015. Excluding the impact of this item and securities transactions, core noninterest income totaled $62.1 million, up $4.7 million linked-quarter.

Service charges on deposits totaled $17.9 million for the second quarter of 2015, up $0.6 million, or 3%, from the first quarter of 2015. Bank card and ATM fees totaled $11.9 million, up $0.7 million, or 6%, from the first quarter of 2015.

Trust fees totaled $11.8 million, up $0.6 million, or 5%, linked-quarter. The increase was due, in part, to seasonal tax prep fees. Investment and annuity income and insurance fees totaled $7.4 million, up $0.6 million, or 9%, linked-quarter.

Fees from secondary mortgage operations totaled $3.6 million for the second quarter of 2015, up $1 million, or 36%, linked-quarter. During the second quarter, a greater portion of loan production was sold in the secondary market compared to last quarter. Management expects this trend to continue through 2015.

Other noninterest income totaled $9.5 million, up $1.3 million, or 16%, from the first quarter of 2015.

Noninterest Expense & Taxes

Noninterest expense for the second quarter of 2015 totaled $158.9 million and included $8.9 million of nonoperating expenses. Excluding these costs, operating expenses totaled $150.0 million in the second quarter of 2015, up $3.8 million, or 3%, linked-quarter. (The details of the changes in the noninterest expense categories noted below exclude the impact of nonoperating items.)

Hancock reports second quarter 2015 financial results

July 23, 2015

Total personnel expense was $82.5 million in the second quarter of 2015, up $2.4 million, or 3%, from the first quarter of 2015. The increase reflects additional incentive pay in the second quarter, partially offset by a seasonal decrease in benefits.

Occupancy and equipment expense totaled $15.8 million in the second quarter of 2015, up $0.7 million, or 5%, from the first quarter of 2015.

ORE expense totaled $0.5 million for the second quarter of 2015, virtually unchanged linked-quarter.

Other operating expense totaled $45.0 million in the second quarter of 2015, up $0.7 million, or 2%, from the first quarter of 2015.

The effective income tax rate for the second quarter 2015 was 26%, virtually unchanged from the first quarter of 2015. Management expects the effective income tax rate to approximate 25-27% in 2015. The effective income tax rate continues to be less than the statutory rate of 35% due primarily to tax-exempt income and tax credits.

Capital

Common shareholders’ equity at June 30, 2015 totaled $2.4 billion. The tangible common equity (TCE) ratio was 8.12%, down 28 bps from March 31, 2015, mainly reflecting the growth in total assets during the quarter.

Additional capital ratios are included in the financial tables.

Conference Call and Slide Presentation

Management will host a conference call for analysts and investors at 9:00 a.m. Central Time on Friday, July 24, 2015 to review the results. A live listen-only webcast of the call will be available under the Investor Relations section of Hancock’s website at www.hancockbank.com. Additional financial tables and a slide presentation related to second quarter results are also posted as part of the webcast link. To participate in the Q&A portion of the call, dial (877) 564-1219 or (973) 638-3429. An audio archive of the conference call will be available under the Investor Relations section of our website. A replay of the call will also be available through July 31, 2015 by dialing (855) 859-2056 or (404) 537-3406, passcode 77019845.

About Hancock Holding Company

Hancock Holding Company is a financial services company with regional business headquarters and locations throughout a growing Gulf South corridor. The company’s banking subsidiary provides a comprehensive network of full-service financial choices through Hancock Bank locations in Mississippi, Alabama, and Florida and Whitney Bank offices in Louisiana and Texas, including traditional and online banking; commercial and small business banking; energy banking; private banking; trust and investment services; certain insurance services; mortgage services; and consumer financing. More information and online banking are available at www.hancockbank.com and www.whitneybank.com.

Hancock reports second quarter 2015 financial results

July 23, 2015

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended, and we intend such forward-looking statements to be covered by the safe harbor provisions therein and are including this statement for purposes of invoking these safe-harbor provisions. Forward-looking statements provide projections of results of operations or of financial condition or state other forward-looking information, such as expectations about future conditions and descriptions of plans and strategies for the future. Forward-looking statements that we may make include, but may not be limited to, comments with respect to future levels of economic activity in our markets, including the impact of volatility of oil and gas prices on our energy portfolio and associated loan loss reserves and the downstream impact on businesses that support the energy sector, especially in the Gulf Coast region, loan growth expectations, deposit trends, credit quality trends, net interest margin trends, future expense levels, success of revenue-generating initiatives, projected tax rates, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts such as accretion levels, the impact of the branch rationalization process, possible repurchases of shares under stock buyback programs, and the financial impact of regulatory requirements. Hancock’s ability to accurately project results, predict the effects of future plans or strategies, or predict market or economic developments is inherently limited. Although Hancock believes that the expectations reflected in its forward-looking statements are based on reasonable assumptions, actual results and performance could differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ from those expressed in Hancock’s forward-looking statements include, but are not limited to, those risk factors included in Hancock’s public filings with the Securities and Exchange Commission, which are available at the SEC’s internet site (http://www.sec.gov). You are cautioned not to place undue reliance on these forward-looking statements. Hancock does not intend, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of differences in actual results, changes in assumptions or changes in other factors affecting such statements, except as required by law.

HANCOCK HOLDING COMPANY

FINANCIAL HIGHLIGHTS

(Unaudited)


	Three Months Ended									Six Months Ended
(amounts in thousands, except per share data)	6/30/2015			3/31/2015			6/30/2014			6/30/2015			6/30/2014
INCOME STATEMENT DATA
Net interest income	$	151,791		$	158,158		$	164,778		$	309,949		$	330,340
Net interest income (TE) (a)		154,879			161,114			167,332			315,993			335,530
Provision for loan losses		6,608			6,154			6,691			12,762			14,654
Noninterest income excluding securities transactions		60,874			56,213			56,398			117,087			113,097
Securities transactions gains		—			333			—			333			—
Noninterest expense (excluding nonoperating items)		149,990			146,201			144,727			296,191			291,709
Nonoperating items		8,927			7,314			12,131			16,241			12,131
Net income		34,829			40,159			39,962			74,988			89,077
Operating income (b)		40,631			44,697			49,575			85,328			98,690

PERIOD-END BALANCE SHEET DATA
Loans	$	14,344,752		$	13,924,386		$	12,884,056		$	14,344,752		$	12,884,056
Investment securities		4,445,452			4,107,904			3,677,229			4,445,452			3,677,229
Earning assets		19,409,963			18,568,037			17,023,990			19,409,963			17,023,990
Total assets		21,538,405			20,724,511			19,349,431			21,538,405			19,349,431
Noninterest-bearing deposits		6,180,814			6,201,403			5,723,663			6,180,814			5,723,663
Total deposits		17,301,788			16,860,485			15,245,227			17,301,788			15,245,227
Common shareholders’ equity		2,430,040			2,425,098			2,492,582			2,430,040			2,492,582

AVERAGE BALANCE SHEET DATA
Loans	$	14,138,904		$	13,869,397		$	12,680,861		$	14,004,895		$	12,530,922
Investment securities (c)		4,143,097			3,772,997			3,716,563			3,959,069			3,825,484
Earning assets		18,780,771			18,315,839			16,791,744			18,549,589			16,766,191
Total assets		20,875,090			20,443,859			19,039,264			20,660,666			19,047,142
Noninterest-bearing deposits		6,107,900			5,924,196			5,505,735			6,016,623			5,502,878
Total deposits		16,862,088			16,485,259			15,060,581			16,674,782			15,164,285
Common shareholders’ equity		2,430,710			2,447,870			2,463,385			2,439,242			2,449,758

COMMON SHARE DATA
Earnings per share - diluted	$	0.44		$	0.49		$	0.48		$	0.93		$	1.06
Operating earnings per share - diluted (b)		0.51			0.55			0.59			1.06			1.17
Cash dividends per share	$	0.24		$	0.24		$	0.24		$	0.48		$	0.48
Book value per share (period-end)	$	31.12		$	31.14		$	30.45		$	31.12		$	30.45
Tangible book value per share (period-end)		21.63			21.55			21.08			21.63			21.08
Weighted average number of shares - diluted		78,115			79,661			82,174			78,881			82,348
Period-end number of shares		78,094			77,886			81,860			78,094			81,860
Market data
High sales price	$	32.98		$	31.13		$	37.86		$	32.98		$	38.50
Low sales price		28.02			24.96			32.02			24.96			32.02
Period-end closing price		31.91			29.86			35.32			31.91			35.32
Trading volume		40,162			51,866			27,432			92,029			58,760

PERFORMANCE RATIOS
Return on average assets		0.67	%		0.80	%		0.84	%		0.73	%		0.94	%
Return on average assets - operating (b)		0.78	%		0.89	%		1.04	%		0.83	%		1.04	%
Return on average common equity		5.75	%		6.65	%		6.51	%		6.20	%		7.33	%
Return on average common equity - operating (b)		6.70	%		7.41	%		8.07	%		7.05	%		8.12	%
Return on average tangible common equity		8.28	%		9.60	%		9.47	%		8.94	%		10.73	%
Return on average tangible common equity - operating (b)		9.66	%		10.68	%		11.75	%		10.17	%		11.89	%
Tangible common equity ratio (d)		8.12	%		8.40	%		9.29	%		8.12	%		9.29	%
Net interest margin (TE) (a)		3.30	%		3.55	%		3.99	%		3.43	%		4.03	%
Average loan/deposit ratio		83.85	%		84.13	%		84.20	%		83.99	%		82.63	%
Efficiency ratio (e)		66.67	%		64.36	%		61.67	%		65.51	%		61.95	%
Allowance for loan losses as a percent of period-end loans		0.91	%		0.92	%		1.00	%		0.91	%		1.00	%
Annualized net non-FDIC acquired charge-offs to average loans		0.03	%		0.11	%		0.13	%		0.07	%		0.13	%
Allowance for loan losses to non-performing loans + accruing loans 90 days past due		100.92	%		123.14	%		126.26	%		100.92	%		126.26	%
Noninterest income excluding securities transactions as a percent of total revenue (TE) (a)		28.21	%		25.87	%		25.21	%		27.04	%		25.21	%
FTE Total Headcount		3,825			3,785			3,901			3,825			3,901

(a)	Tax-equivalent (TE) amounts are calculated using a federal income tax rate of 35%.

(b)	Net income less tax-effected securities transactions and nonoperating items. Management believes that operating income provides a useful measure of financial performance that helps investors compare the Company’s fundamental operations over time.

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

(d)	The tangible common equity ratio is common shareholders’ equity less intangible assets divided by total assets less intangible assets.

(e)	The efficiency ratio is noninterest expense to total net interest (TE) and noninterest income, excluding amortization of purchased intangibles, nonoperating items, and securities transactions.

HANCOCK HOLDING COMPANY

QUARTERLY HIGHLIGHTS

(Unaudited)


	Three Months Ended
(amounts in thousands, except per share data)	6/30/2015			3/31/2015			12/31/2014			9/30/2014			6/30/2014
INCOME STATEMENT DATA
Net interest income	$	151,791		$	158,158		$	160,813		$	163,541		$	164,778
Net interest income (TE) (a)		154,879			161,114			163,581			166,230			167,332
Provision for loan losses		6,608			6,154			9,718			9,468			6,691
Noninterest income excluding securities transactions		60,874			56,213			56,961			57,941			56,398
Securities transactions gains		—			333			—			—			—
Noninterest expense (excluding nonoperating items)		149,990			146,201			144,080			145,192			144,727
Nonoperating items		8,927			7,314			9,667			3,887			12,131
Net income		34,829			40,159			40,092			46,553			39,962
Operating income (b)		40,631			44,697			46,376			49,079			49,575

PERIOD-END BALANCE SHEET DATA
Loans	$	14,344,752		$	13,924,386		$	13,895,276		$	13,348,574		$	12,884,056
Investment securities		4,445,452			4,107,904			3,826,454			3,913,370			3,677,229
Earning assets		19,409,963			18,568,037			18,544,930			17,748,600			17,023,990
Total assets		21,538,405			20,724,511			20,747,266			19,985,950			19,349,431
Noninterest-bearing deposits		6,180,814			6,201,403			5,945,208			5,866,255			5,723,663
Total deposits		17,301,788			16,860,485			16,572,831			15,736,694			15,245,227
Common shareholders’ equity		2,430,040			2,425,098			2,472,402			2,509,342			2,492,582

AVERAGE BALANCE SHEET DATA
Loans	$	14,138,904		$	13,869,397		$	13,578,223		$	13,102,108		$	12,680,861
Investment securities (c)		4,143,097			3,772,997			3,836,123			3,780,089			3,716,563
Earning assets		18,780,771			18,315,839			17,911,143			17,324,444			16,791,744
Total assets		20,875,090			20,443,859			20,090,372			19,549,947			19,039,264
Noninterest-bearing deposits		6,107,900			5,924,196			5,849,356			5,707,523			5,505,735
Total deposits		16,862,088			16,485,259			15,892,507			15,371,209			15,060,581
Common shareholders’ equity		2,430,710			2,447,870			2,509,509			2,489,948			2,463,385

COMMON SHARE DATA
Earnings per share - diluted	$	0.44		$	0.49		$	0.48		$	0.56		$	0.48
Operating earnings per share - diluted (b)		0.51			0.55			0.56			0.59			0.59
Cash dividends per share	$	0.24		$	0.24		$	0.24		$	0.24		$	0.24
Book value per share (period-end)	$	31.12		$	31.14		$	30.74		$	30.76		$	30.45
Tangible book value per share (period-end)		21.63			21.55			21.37			21.44			21.08
Weighted average number of shares - diluted		78,115			79,661			81,530			81,942			82,174
Period-end number of shares		78,094			77,886			80,426			81,567			81,860
Market data
High sales price	$	32.98		$	31.13		$	35.67		$	36.47		$	37.86
Low sales price		28.02			24.96			28.68			31.25			32.02
Period-end closing price		31.91			29.86			30.70			32.05			35.32
Trading volume		40,162			51,866			36,396			25,553			27,432

PERFORMANCE RATIOS
Return on average assets		0.67	%		0.80	%		0.79	%		0.94	%		0.84	%
Return on average assets - operating (b)		0.78	%		0.89	%		0.92	%		1.00	%		1.04	%
Return on average common equity		5.75	%		6.65	%		6.34	%		7.42	%		6.51	%
Return on average common equity - operating (b)		6.70	%		7.41	%		7.33	%		7.82	%		8.07	%
Return on average tangible common equity		8.28	%		9.60	%		9.08	%		10.70	%		9.47	%
Return on average tangible common equity - operating (b)		9.66	%		10.68	%		10.50	%		11.28	%		11.75	%
Tangible common equity ratio (d)		8.12	%		8.40	%		8.59	%		9.10	%		9.29	%
Net interest margin (TE) (a)		3.30	%		3.55	%		3.63	%		3.81	%		3.99	%
Average loan/deposit ratio		83.85	%		84.13	%		85.44	%		85.24	%		84.20	%
Efficiency ratio (e)		66.67	%		64.36	%		62.41	%		61.84	%		61.67	%
Allowance for loan losses as a percent of period-end loans		0.91	%		0.92	%		0.93	%		0.94	%		1.00	%
Annualized net non-FDIC acquired charge-offs to average loans		0.03	%		0.11	%		0.08	%		0.19	%		0.13	%
Allowance for loan losses to non-performing loans + accruing loans 90 days past due		100.92	%		123.14	%		137.96	%		128.44	%		126.26	%
Noninterest income excluding securities transactions as a percent of total revenue (TE) (a)		28.21	%		25.87	%		25.83	%		25.85	%		25.21	%
FTE headcount		3,825			3,785			3,794			3,787			3,901

(a)	Tax-equivalent (TE) amounts are calculated using a federal income tax rate of 35%.

(b)	Net income less tax-effected securities transactions and nonoperating expense items. Management believes that operating income provides a useful measure of financial performance that helps investors compare the Company’s fundamental operations over time.

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

(d)	The tangible common equity ratio is common shareholders’ equity less intangible assets divided by total assets less intangible assets.

(e)	The efficiency ratio is noninterest expense to total net interest (TE) and noninterest income, excluding amortization of purchased intangibles, nonoperating expense items, and securities transactions.

HANCOCK HOLDING COMPANY

INCOME STATEMENT

(Unaudited)


	Three Months Ended									Six Months Ended
(dollars in thousands, except per share data)	6/30/2015			3/31/2015			6/30/2014			6/30/2015			6/30/2014
NET INCOME
Interest income	$	164,920		$	169,087		$	174,001		$	334,007		$	349,141
Interest income (TE)		168,008			172,043			176,555			340,051			354,331
Interest expense		13,129			10,929			9,223			24,058			18,801

Net interest income (TE)		154,879			161,114			167,332			315,993			335,530
Provision for loan losses		6,608			6,154			6,691			12,762			14,654
Noninterest income excluding securities transactions		60,874			56,213			56,398			117,087			113,097
Securities transactions gains		—			333			—			333			—
Noninterest expense		158,917			153,515			156,858			312,432			303,840

Income before income taxes		47,140			55,035			57,627			102,175			124,943
Income tax expense		12,311			14,876			17,665			27,187			35,866

Net income	$	34,829		$	40,159		$	39,962		$	74,988		$	89,077

ADJUSTMENTS FROM NET TO OPERATING INCOME
Securities transactions gains		—			(333	)		—			(333	)		—
Nonoperating items
Impact of insurance business lines divestiture		—			—			(9,101	)		—			(9,101	)
FDIC resolution of denied claims		1,854			—			10,268			—			10,268
Nonoperating expense items		7,073			7,314			7,503			16,241			7,503
Early debt redemption		—			—			3,461			—			3,461

Total nonoperating items		8,927			7,314			12,131			16,241			12,131
Taxes on adjustments at marginal tax rate		3,125			2,443			2,518			5,568			2,518

Total adjustments (net of taxes)		5,802			4,538			9,613			10,340			9,613

Operating income (f)	$	40,631		$	44,697		$	49,575		$	85,328		$	98,690

NONINTEREST INCOME AND NONINTEREST EXPENSE
Service charges on deposit accounts	$	17,908		$	17,315		$	19,269		$	35,223		$	37,981
Trust fees		11,795			11,200			11,499			22,995			21,737
Bank card and ATM fees		11,868			11,183			11,596			23,051			22,165
Investment & annuity fees		4,838			5,050			5,097			9,888			10,049
Secondary mortgage market operations		3,618			2,664			1,758			6,282			3,723
Insurance commissions and fees		2,595			1,754			1,888			4,349			5,632
Amortization of FDIC loss share receivable		(1,273	)		(1,197	)		(3,321	)		(2,470	)		(7,229	)
Other income		9,525			8,244			8,612			17,769			19,039

Noninterest income excluding securities transactions		60,874			56,213			56,398			117,087			113,097
Securities transactions gains		—			333			—			333			—

Total noninterest income including securities transactions	$	60,874		$	56,546		$	56,398		$	117,420		$	113,097

Personnel expense	$	82,533		$	80,117		$	79,506		$	162,650		$	160,938
Net occupancy expense		11,765			11,162			10,840			22,927			22,106
Equipment expense		4,079			3,933			4,059			8,012			8,333
Other real estate expense, net		501			456			84			957			1,861
Other operating expense		44,964			44,215			43,494			89,179			84,689
Amortization of intangibles		6,148			6,318			6,744			12,466			13,782

Total operating expense		149,990			146,201			144,727			296,191			291,709
Nonoperating expense items		8,927			7,314			12,131			16,241			12,131

Total noninterest expense	$	158,917		$	153,515		$	156,858		$	312,432		$	303,840

COMMON SHARE DATA
Earnings per share:
Basic	$	0.44		$	0.49		$	0.48		$	0.93		$	1.06
Diluted		0.44			0.49			0.48			0.93			1.06
Operating earnings per share: (f)
Basic	$	0.51		$	0.55		$	0.59		$	1.06		$	1.18
Diluted		0.51			0.55			0.59			1.06			1.17

(f)	Net income less tax-effected securities transactions and nonoperating items. Management believes that operating income provides a useful measure of financial performance that helps investors compare the Company’s fundamental operations over time.

HANCOCK HOLDING COMPANY

INCOME STATEMENT

(Unaudited)


	Three months ended
(dollars in thousands)	6/30/2015			3/31/2015			12/31/2014			9/30/2014			6/30/2014
Interest income	$	164,920		$	169,087		$	170,971		$	172,701		$	174,001
Interest income (TE)		168,008			172,043			173,739			175,390			176,555
Interest expense		13,129			10,929			10,158			9,160			9,223

Net interest income (TE)		154,879			161,114			163,581			166,230			167,332
Provision for loan losses		6,608			6,154			9,718			9,468			6,691
Noninterest income excluding securities transactions		60,874			56,213			56,961			57,941			56,398
Securities transactions gains		—			333			—			—			—
Noninterest expense		158,917			153,515			153,747			149,079			156,858

Income before income taxes		47,140			55,035			54,309			62,935			57,627
Income tax expense		12,311			14,876			14,217			16,382			17,665

Net income	$	34,829		$	40,159		$	40,092		$	46,553		$	39,962

ADJUSTMENTS FROM NET TO OPERATING INCOME
Securities transactions gains		—			(333	)		—			—			—
Nonoperating expense		8,927			7,314			9,667			3,887			12,131

Total nonoperating items		8,927			6,981			9,667			3,887			12,131
Taxes on adjustments at marginal tax rate		3,125			2,443			3,383			1,361			2,518

Adjustments (net of taxes)		5,802			4,538			6,284			2,526			9,613

Operating income (f)	$	40,631		$	44,697		$	46,376		$	49,079		$	49,575

NONINTEREST INCOME AND NONINTEREST EXPENSE
Service charges on deposit accounts	$	17,908		$	17,315		$	19,025		$	20,000		$	19,269
Trust fees		11,795			11,200			11,559			11,530			11,499
Bank card and ATM fees		11,868			11,183			11,225			11,641			11,596
Investment & annuity fees		4,838			5,050			4,736			5,506			5,097
Secondary mortgage market operations		3,618			2,664			2,000			2,313			1,758
Insurance commissions and fees		2,595			1,754			1,862			1,979			1,888
Amortization of FDIC loss share receivable		(1,273	)		(1,197	)		(2,113	)		(2,760	)		(3,321	)
Other income		9,525			8,244			8,667			7,732			8,612

Noninterest income excluding securities transactions		60,874			56,213			56,961			57,941			56,398
Securities transactions gains		—			333			—			—			—

Total noninterest income including securities transactions	$	60,874		$	56,546		$	56,961		$	57,941		$	56,398

Personnel expense	$	82,533		$	80,117		$	79,522		$	80,043		$	79,506
Net occupancy expense		11,765			11,162			10,571			10,798			10,840
Equipment expense		4,079			3,933			3,986			4,542			4,059
Other real estate expense, net		501			456			1,001			(104	)		84
Other operating expense		44,964			44,215			42,555			43,343			43,494
Amortization of intangibles		6,148			6,318			6,445			6,570			6,744

Total operating expense		149,990			146,201			144,080			145,192			144,727
Nonoperating expense items		8,927			7,314			9,667			3,887			12,131

Total noninterest expense	$	158,917		$	153,515		$	153,747		$	149,079		$	156,858

(f)	Net income less tax-effected securities transactions and nonoperating items. Management believes that operating income provides a useful measure of financial performance that helps investors compare the Company’s fundamental operations over time.

HANCOCK HOLDING COMPANY

PERIOD-END BALANCE SHEET

(Unaudited)


	Three Months Ended
(dollars in thousands)	6/30/2015			3/31/2015			12/31/2014			9/30/2014			6/30/2014
ASSETS
Commercial non-real estate loans	$	6,185,684		$	5,987,084		$	6,044,060		$	5,587,137		$	5,393,691
Construction and land development loans		1,120,947			1,113,510			1,106,761			1,095,902			1,040,656
Commercial real estate loans		3,212,833			3,150,103			3,144,048			3,100,834			3,056,263
Residential mortgage loans		1,955,837			1,913,885			1,894,181			1,858,490			1,771,271
Consumer loans		1,869,451			1,759,804			1,706,226			1,706,211			1,622,175

Total loans		14,344,752			13,924,386			13,895,276			13,348,574			12,884,056
Loans held for sale		21,304			19,950			20,252			15,098			22,017
Securities		4,445,452			4,107,904			3,826,454			3,913,370			3,677,229
Short-term investments		598,455			515,797			802,948			471,558			440,688

Earning assets		19,409,963			18,568,037			18,544,930			17,748,600			17,023,990
Allowance for loan losses		(131,087	)		(128,386	)		(128,762	)		(125,572	)		(128,672	)
Goodwill		621,193			621,193			621,193			621,193			621,193
Other intangible assets, net		119,256			125,404			132,810			139,256			145,825
Other assets		1,519,080			1,538,263			1,577,095			1,602,473			1,687,095

Total assets	$	21,538,405		$	20,724,511		$	20,747,266		$	19,985,950		$	19,349,431

LIABILITIES
Noninterest-bearing deposits	$	6,180,814		$	6,201,403		$	5,945,208		$	5,866,255		$	5,723,663
Interest-bearing transaction and savings deposits		6,994,603			6,576,658			6,531,628			6,325,671			6,079,837
Interest-bearing public fund deposits		1,962,589			1,828,559			1,982,616			1,534,678			1,484,188
Time deposits		2,163,782			2,253,865			2,113,379			2,010,090			1,957,539

Total interest-bearing deposits		11,120,974			10,659,082			10,627,623			9,870,439			9,521,564

Total deposits		17,301,788			16,860,485			16,572,831			15,736,694			15,245,227
Short-term borrowings		1,079,193			755,250			1,151,573			1,171,809			1,063,664
Long-term debt		507,341			516,007			374,371			376,452			374,991
Other liabilities		220,043			167,671			176,089			191,653			172,967

Total liabilities		19,108,365			18,299,413			18,274,864			17,476,608			16,856,849

COMMON SHAREHOLDERS’ EQUITY
Common stock net of treasury and capital surplus		1,730,344			1,726,736			1,798,980			1,832,529			1,838,931
Retained earnings		759,780			744,131			723,497			703,506			676,942
Accumulated other comprehensive income		(60,084	)		(45,769	)		(50,075	)		(26,693	)		(23,291	)

Total common shareholders’ equity		2,430,040			2,425,098			2,472,402			2,509,342			2,492,582

Total liabilities & shareholders’ equity	$	21,538,405		$	20,724,511		$	20,747,266		$	19,985,950		$	19,349,431

CAPITAL RATIOS
Tangible common equity	$	1,689,550		$	1,678,453		$	1,718,343		$	1,748,828		$	1,725,489
Tier 1 capital (g)		1,833,725			1,812,010			1,777,280			1,784,588			1,758,178
Common equity (period-end) as a percent of total assets (period-end)		11.28	%		11.70	%		11.92	%		12.56	%		12.88	%
Tangible common equity ratio		8.12	%		8.40	%		8.59	%		9.10	%		9.29	%
Leverage (Tier 1) ratio (g)		9.05	%		9.17	%		9.17	%		9.48	%		9.61	%
Tier 1 risk-based capital ratio (g)		10.69	%		10.86	%		11.23	%		11.59	%		11.83	%
Total risk-based capital ratio (g)		12.44	%		12.77	%		12.30	%		12.66	%		12.96	%

(g)	Estimated for most recent period-end. Regulatory ratios reflect the impact of Basel III capital requirements effective January 1, 2015.

HANCOCK HOLDING COMPANY

AVERAGE BALANCE SHEET

(Unaudited)


	Three Months Ended									Six Months Ended
(dollars in thousands)	6/30/2015			3/31/2015			6/30/2014			6/30/2015			6/30/2014
ASSETS
Commercial non-real estate loans	$	6,095,054		$	5,995,687		$	5,298,978		$	6,045,645		$	5,194,102
Construction and land development loans		1,084,540			1,121,059			1,005,025			1,102,699			979,320
Commercial real estate loans		3,218,914			3,118,522			3,051,193			3,168,996			3,052,697
Residential mortgage loans		1,930,553			1,902,873			1,744,313			1,916,789			1,732,542
Consumer loans		1,809,843			1,731,256			1,581,352			1,770,766			1,572,261

Total loans		14,138,904			13,869,397			12,680,861			14,004,895			12,530,922
Loans held for sale		22,883			15,567			14,681			19,245			16,932
Securities (h)		4,143,097			3,772,997			3,716,563			3,959,069			3,825,484
Short-term investments		475,887			657,878			379,639			566,380			392,853

Earning assets		18,780,771			18,315,839			16,791,744			18,549,589			16,766,191
Allowance for loan losses		(130,124	)		(130,217	)		(126,887	)		(130,170	)		(130,757	)
Goodwill and other intangible assets		743,435			750,705			770,294			747,050			775,833
Other assets		1,481,008			1,507,532			1,604,113			1,494,197			1,635,875

Total assets	$	20,875,090		$	20,443,859		$	19,039,264		$	20,660,666		$	19,047,142

LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing deposits	$	6,107,900		$	5,924,196		$	5,505,735		$	6,016,623		$	5,502,878

Interest-bearing transaction and savings deposits		6,656,911			6,506,812			6,078,115			6,582,277			6,075,131
Interest-bearing public fund deposits		1,890,364			1,815,445			1,450,312			1,853,111			1,488,251
Time deposits		2,206,913			2,238,806			2,026,419			2,222,771			2,098,025

Total interest-bearing deposits		10,754,188			10,561,063			9,554,846			10,658,159			9,661,407

Total deposits		16,862,088			16,485,259			15,060,581			16,674,782			15,164,285
Short-term borrowings		896,014			920,436			957,386			908,158			871,701
Long-term debt		515,997			412,938			380,151			464,752			383,073
Other liabilities		170,281			177,356			177,761			173,732			178,325
Common shareholders’ equity		2,430,710			2,447,870			2,463,385			2,439,242			2,449,758

Total liabilities & shareholders’ equity	$	20,875,090		$	20,443,859		$	19,039,264		$	20,660,666		$	19,047,142

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

HANCOCK HOLDING COMPANY

AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY

(Unaudited)


	Three Months Ended
	6/30/2015							3/31/2015							6/30/2014
(dollars in millions)	Volume		Interest		Rate			Volume		Interest		Rate			Volume		Interest		Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (j) (k)	$	10,398.5	$	101.6		3.92	%	$	10,235.2	$	106.8		4.23	%	$	9,355.2	$	108.2		4.64	%
Residential mortgage loans		1,930.6		19.9		4.13	%		1,902.9		20.4		4.30	%		1,744.3		21.0		4.83	%
Consumer loans		1,809.8		23.0		5.10	%		1,731.3		21.9		5.13	%		1,581.4		23.6		5.99	%
Loan fees & late charges		—		—		0.00	%		—		0.3		0.00	%		—		0.8		0.00	%

Total loans (TE)		14,138.9		144.6		4.10	%		13,869.4		149.4		4.36	%		12,680.9		153.6		4.86	%

Loans held for sale		22.9		0.2		3.88	%		15.6		0.1		2.45	%		14.7		0.1		4.14	%

US Treasury and government agency securities		300.0		1.2		1.54	%		275.0		1.1		1.58	%		—		—		0.00	%
CMOs and mortgage backed securities		3,641.6		19.6		2.15	%		3,290.5		18.6		2.26	%		3,490.9		20.1		2.30	%
Municipals (TE) (j)		195.5		2.2		4.54	%		195.8		2.3		4.61	%		205.8		2.4		4.63	%
Other securities		6.0		0.0		1.61	%		11.6		0.1		4.47	%		19.8		0.1		1.19	%

Total securities (TE) (i)		4,143.1		23.0		2.22	%		3,772.9		22.1		2.35	%		3,716.5		22.6		2.43	%

Total short-term investments		475.9		0.3		0.23	%		657.9		0.4		0.22	%		379.6		0.2		0.22	%

Average earning assets yield (TE)	$	18,780.8		168.1		3.58	%	$	18,315.8		172.0		3.79	%	$	16,791.7		176.5		4.21	%

INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits	$	6,656.9		2.5		0.15	%	$	6,506.8		2.2		0.14	%	$	6,078.1		1.5		0.10	%
Time deposits		2,206.9		3.8		0.69	%		2,238.8		3.7		0.67	%		2,026.4		3.0		0.60	%
Public funds		1,890.4		1.3		0.28	%		1,815.4		1.2		0.27	%		1,450.3		0.7		0.21	%

Total interest-bearing deposits		10,754.2		7.6		0.28	%		10,561.0		7.1		0.27	%		9,554.8		5.2		0.22	%

Short-term borrowings		896.0		0.2		0.08	%		920.5		0.2		0.08	%		957.4		0.8		0.34	%
Long-term debt		516.0		5.3		4.14	%		412.9		3.6		3.57	%		380.2		3.2		3.32	%

Total borrowings		1,412.0		5.5		1.56	%		1,333.4		3.8		1.16	%		1,337.6		4.0		1.19	%

Total interest-bearing liabilities cost		12,166.2		13.1		0.43	%		11,894.4		10.9		0.37	%		10,892.4		9.2		0.34	%

Net interest-free funding sources		6,614.6							6,421.4							5,899.3

Total cost of funds		18,780.8		13.1		0.28	%		18,315.8		10.9		0.24	%		16,791.7		9.2		0.22	%

Net Interest Spread (TE)			$	154.9		3.15	%			$	161.1		3.42	%			$	167.3		3.87	%

Net Interest Margin (TE)	$	18,780.8	$	154.9		3.30	%	$	18,315.8	$	161.1		3.55	%	$	16,791.7	$	167.3		3.99	%

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

(j)	Tax equivalent (te) amounts are calculated using a marginal federal tax rate of 35%.

(k)	Includes nonaccrual loans.

HANCOCK HOLDING COMPANY

AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY

(Unaudited)


	Six Months Ended
	6/30/2015							6/30/2014
(dollars in millions)	Volume		Interest		Rate			Volume		Interest		Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (j) (k)	$	10,317.3	$	208.4		4.07	%	$	9,226.1	$	216.1		4.72	%
Residential mortgage loans		1,916.8		40.4		4.21	%		1,732.5		42.4		4.89	%
Consumer loans		1,770.7		44.9		5.12	%		1,572.3		46.8		6.00	%
Loan fees & late charges		—		0.3		0.00	%		—		1.4		0.00	%

Total loans (TE)		14,004.8		294.0		4.23	%		12,530.9		306.7		4.93	%

Loans held for sale		19.2		0.3		3.30	%		16.9		0.3		4.10	%

US Treasury and government agency securities		287.6		2.2		1.56	%		46.5		0.5		2.26	%
CMOs and mortgage backed securities		3,467.1		38.2		2.21	%		3,551.5		41.3		2.32	%
Municipals (TE) (j)		195.7		4.5		4.58	%		211.4		4.9		4.59	%
Other securities		8.8		0.2		3.51	%		16.1		0.2		2.22	%

Total securities (TE) (i)		3,959.2		45.1		2.28	%		3,825.5		46.9		2.45	%

Total short-term investments		566.4		0.7		0.22	%		392.9		0.4		0.23	%

Average earning assets yield (TE)	$	18,549.6		340.1		3.69	%	$	16,766.2		354.3		4.25	%

INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits	$	6,582.3		4.7		0.14	%	$	6,075.1		3.0		0.10	%
Time deposits		2,222.8		7.5		0.68	%		2,098.0		6.1		0.59	%
Public funds		1,853.1		2.5		0.28	%		1,488.3		1.5		0.20	%

Total interest-bearing deposits		10,658.2		14.7		0.28	%		9,661.4		10.6		0.22	%

Short-term borrowings		908.2		0.4		0.08	%		871.7		1.9		0.43	%
Long-term debt		464.7		9.0		3.88	%		383.1		6.3		3.33	%

Total borrowings		1,372.9		9.4		1.37	%		1,254.8		8.2		1.32	%

Total interest-bearing liabilities cost		12,031.1		24.1		0.40	%		10,916.2		18.8		0.35	%

Net interest-free funding sources		6,518.5							5,850.0

Total cost of funds		18,549.6		24.1		0.26	%		16,766.2		18.8		0.22	%

Net Interest Spread (TE)			$	316.0		3.29	%			$	335.5		3.90	%

Net Interest Margin (TE)	$	18,549.6	$	316.0		3.43	%	$	16,766.2	$	335.5		4.03	%

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

(j)	Tax equivalent (te) amounts are calculated using a marginal federal tax rate of 35%.

(k)	Includes nonaccrual loans.

HANCOCK HOLDING COMPANY

ASSET QUALITY INFORMATION

(Unaudited)


	Three Months Ended									Six Months Ended
(dollars in thousands)	6/30/2015			3/31/2015			6/30/2014			6/30/2015			6/30/2014
Nonaccrual loans (l)	$	118,445		$	90,821		$	89,901		$	118,445		$	89,901
Restructured loans - still accruing		7,966			7,564			7,868			7,966			7,868

Total nonperforming loans		126,411			98,385			97,769			126,411			97,769
ORE and foreclosed assets		38,630			42,956			59,732			38,630			59,732

Total nonperforming assets	$	165,041		$	141,341		$	157,501		$	165,041		$	157,501

Nonperforming assets as a percent of loans, ORE and foreclosed assets		1.15	%		1.01	%		1.22	%		1.15	%		1.22	%
Accruing loans 90 days past due	$	3,478		$	5,872		$	4,142		$	3,478		$	4,142
Accruing loans 90 days past due as a percent of loans		0.02	%		0.04	%		0.03	%		0.02	%		0.03	%
Nonperforming assets + accruing loans 90 days past due to loans, ORE and foreclosed assets		1.17	%		1.05	%		1.25	%		1.17	%		1.25	%

ALLOWANCE FOR LOAN LOSSES
Beginning Balance	$	128,386		$	128,762		$	128,248		$	128,762		$	133,626
Net provision for loan losses - FDIC acquired loans		(879	)		(70	)		(73	)		(949	)		(375	)
Provision for loan losses - non-FDIC acquired loans		7,487			6,224			6,764			13,711			15,029

Net provision for loan losses		6,608			6,154			6,691			12,762			14,654

(Decrease)increase in FDIC loss share receivable		(2,115	)		(421	)		(1,022	)		(2,536	)		(7,875	)
Net charge-offs - FDIC acquired		582			2,455			1,181			3,037			3,691
Charge-offs - non-FDIC acquired		4,129			7,460			7,309			11,589			14,791
Recoveries - non-FDIC acquired		(2,919	)		(3,806	)		(3,245	)		(6,725	)		(6,749	)

Net charge-offs		1,792			6,109			5,245			7,901			11,733

Ending Balance	$	131,087		$	128,386		$	128,672		$	131,087		$	128,672

Allowance for loan losses as a percent of period-end loans		0.91	%		0.92	%		1.00	%		0.91	%		1.00	%
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due		100.92	%		123.14	%		126.26	%		100.92	%		126.26	%

NET CHARGE-OFF INFORMATION
Net charge-offs - non-FDIC acquired:
Commercial & real estate loans	($	691	)	$	474		$	1,148		($	217	)	$	2,540
Residential mortgage loans		(61	)		904			587			843			734
Consumer loans		1,962			2,276			2,329			4,238			4,768

Total net charge-offs - non-FDIC acquired	$	1,210		$	3,654		$	4,064		$	4,864		$	8,042

Net charge-offs - non-FDIC acquired to average loans:
Commercial & real estate loans		(0.03	)%		0.02	%		0.05	%		(0.00	)%		0.06	%
Residential mortgage loans		(0.01	)%		0.19	%		0.13	%		0.09	%		0.09	%
Consumer loans		0.43	%		0.53	%		0.59	%		0.48	%		0.61	%

Total net charge-offs - non-FDIC acquired to average loans		0.03	%		0.11	%		0.13	%		0.07	%		0.13	%

(l)

Nonaccrual loans and accruing loans past due 90 days or more do not include acquired credit-impaired loans which were written down to fair value upon acquisition and accrete interest income over the remaining life of the loan. Included in nonaccrual loans are $4.9 million, $5.0 million, and $11.5 million at 6/30/15, 3/31/15 and 6/30/14, respectively, in nonaccruing restructured loans.

HANCOCK HOLDING COMPANY

ASSET QUALITY INFORMATION

(Unaudited)


	Three months ended
(dollars in thousands)	6/30/2015			3/31/2015			12/31/2014			9/30/2014			6/30/2014
Nonaccrual loans (l)	$	118,445		$	90,821		$	79,537		$	83,154		$	89,901
Restructured loans - still accruing		7,966			7,564			8,971			7,944			7,868

Total nonperforming loans		126,411			98,385			88,508			91,098			97,769
ORE and foreclosed assets		38,630			42,956			59,569			56,081			59,732

Total nonperforming assets	$	165,041		$	141,341		$	148,077		$	147,179		$	157,501

Nonperforming assets as a percent of loans, ORE and foreclosed assets		1.15	%		1.01	%		1.06	%		1.10	%		1.22	%
Accruing loans 90 days past due	$	3,478		$	5,872		$	4,825		$	6,667		$	4,142
Accruing loans 90 days past due as a percent of loans		0.02	%		0.04	%		0.03	%		0.05	%		0.03	%
Nonperforming assets + accruing loans 90 days past due to loans, ORE and foreclosed assets		1.17	%		1.05	%		1.10	%		1.15	%		1.25	%

Allowance for loan losses	$	131,087		$	128,386		$	128,762		$	125,572		$	128,672
Allowance for loan losses as a percent of period-end loans		0.91	%		0.92	%		0.93	%		0.94	%		1.00	%
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due		100.92	%		123.14	%		137.96	%		128.44	%		126.26	%

Provision for loan losses	$	6,608		$	6,154		$	9,718		$	9,468		$	6,691

NET CHARGE-OFF INFORMATION
Net charge-offs - non-FDIC acquired:
Commercial & real estate loans	($	691	)	$	474		$	1,446		$	2,451		$	1,148
Residential mortgage loans		(61	)		904			349			558			587
Consumer loans		1,962			2,276			843			3,430			2,329

Total net charge-offs - non-FDIC acquired	$	1,210		$	3,654		$	2,638		$	6,439		$	4,064

Net charge-offs - non-FDIC acquired to average loans:
Commercial & real estate loans		(0.03	)%		0.02	%		0.06	%		0.10	%		0.05	%
Residential mortgage loans		(0.01	)%		0.19	%		0.07	%		0.12	%		0.13	%
Consumer loans		0.43	%		0.53	%		0.19	%		0.82	%		0.59	%

Total net charge-offs - non-FDIC acquired to average loans		0.03	%		0.11	%		0.08	%		0.19	%		0.13	%

AVERAGE LOANS
Commercial & real estate loans	$	10,398,508		$	10,235,268		$	9,943,403		$	9,627,566		$	9,355,196
Residential mortgage loans		1,930,553			1,902,873			1,886,230			1,814,186			1,744,313
Consumer loans		1,809,843			1,731,256			1,748,590			1,660,356			1,581,352

Total average loans	$	14,138,904		$	13,869,397		$	13,578,223		$	13,102,108		$	12,680,861

(l)

Nonaccrual loans and accruing loans past due 90 days or more do not include acquired credit-impaired loans which were written down to fair value upon acquisition and accrete interest income over the remaining life of the loan. Included in nonaccrual loans are $4.9 million, $5.0 million, $7.0 million, $9.9 million, and $11.5 million at 6/30/15, 3/31/15, 12/31/14, 9/30/14, and 6/30/14, respectively, in nonaccruing restructured loans.

HANCOCK HOLDING COMPANY

SUPPLEMENTAL ASSET QUALITY INFORMATION

(Unaudited)


	Originated Loans		Acquired Loans (m)			FDIC Acquired (n)			Total
(dollars in thousands)	6/30/2015
Nonaccrual loans (o)	$	111,455	$	5,401		$	1,589		$	118,445
Restructured loans - still accruing		7,966		—			—			7,966

Total nonperforming loans		119,421		5,401			1,589			126,411
ORE and foreclosed assets (p)		25,768		—			12,862			38,630

Total nonperforming assets	$	145,189	$	5,401		$	14,451		$	165,041

Accruing loans 90 days past due	$	3,478		—			—		$	3,478
Allowance for loan losses	$	106,811	$	214		$	24,062		$	131,087


	3/31/2015
Nonaccrual loans (o)	$	83,412	$	5,820		$	1,589		$	90,821
Restructured loans - still accruing		7,564		—			—			7,564

Total nonperforming loans		90,976		5,820			1,589			98,385
ORE and foreclosed assets (p)		29,380		—			13,576			42,956

Total nonperforming assets	$	120,356	$	5,820		$	15,165		$	141,341

Accruing loans 90 days past due	$	5,659	$	213			—		$	5,872
Allowance for loan losses	$	100,494	$	254		$	27,638		$	128,386


	Originated Loans		Acquired Loans (m)			FDIC Acquired (n)			Total
	6/30/2015
LOANS OUTSTANDING
Commercial non-real estate loans	$	6,058,998	$	120,020		$	6,666		$	6,185,684
Construction and land development loans		1,100,788		9,064			11,095			1,120,947
Commercial real estate loans		2,591,384		598,962			22,487			3,212,833
Residential mortgage loans		1,784,730		1,554			169,553			1,955,837
Consumer loans		1,854,591		24			14,836			1,869,451

Total loans	$	13,390,491	$	729,624		$	224,637		$	14,344,752

Change in loan balance from previous quarter	$	469,961	($	35,700	)	($	13,895	)	$	420,366


	3/31/2015
Commercial non-real estate loans	$	5,861,887	$	118,260		$	6,937		$	5,987,084
Construction and land development loans		1,087,449		14,579			11,482			1,113,510
Commercial real estate loans		2,492,351		629,975			27,777			3,150,103
Residential mortgage loans		1,736,033		2,485			175,367			1,913,885
Consumer loans		1,742,810		25			16,969			1,759,804

Total loans	$	12,920,530	$	765,324		$	238,532		$	13,924,386

Change in loan balance from previous quarter	$	110,331	($	67,344	)	($	13,877	)	$	29,110

(m)	Loans which have been acquired and no allowance brought forward in accordance with acquisition accounting. Acquired-performing loans in pools with fully accreted purchase fair value discounts are reported as originated loans.

(n)

Loans acquired in an FDIC-assisted transaction. Non-single family loss share agreement expired at 12/31/14. As of 6/30/15, $179.0 million in loans and $3.5 million in ORE remain covered by the FDIC single family loss share agreement, providing considerable protection against credit risk. As of 3/31/15, $186.1 million in loans and $6.0 million in ORE remained covered by the FDIC single family loss share agreement.

(o)	Included in originated nonaccrual loans are $4.9 million and $5.0 million at 6/30/15 and 3/31/15, respectively, in nonaccruing restructured loans.

(p)	ORE received in settlement of acquired loans is no longer subject to purchase accounting guidance and has been included with ORE from originated loans. ORE received in settlement of covered loans remains covered under the FDIC loss share agreements.

Second Quarter 2015

Financial Results

July 23, 2015

Certain of the statements or information included in this presentation may constitute

forward-looking statements. Forward-looking statements include projections of revenue,

costs, results of operations or financial condition or statements regarding future market

conditions or our potential plans and strategies for the future. Hancock’s ability to

accurately project results, predict the effects of future plans or strategies, or predict

market or economic developments is inherently limited.

We believe that the expectations reflected or implied by any forward-looking statements

are based on reasonable assumptions, but actual results and performance could differ

materially from those set forth in the forward-looking statements. Factors that could

cause actual results or outcomes to differ from those expressed in the Company's

forward-looking statements include, but are not limited to, those outlined in Hancock's

SEC filings, including the “Risk Factors” section of the Company’s 10-K for the year

ended December 31, 2014 and form 10-Q for the most recent quarter end.

Hancock undertakes no obligation to update or revise any forward-looking statements,

and you are cautioned not to place undue reliance on such forward-looking statements.

Forward Looking Statements

Hancock Holding Company

•

$21.5 billion in Total Assets

•

$14.3 billion in Total Loans

•

$17.3 billion in Total Deposits

•

Tangible Common Equity (TCE) 8.12%

•

Nearly 200 banking locations and 275 ATMs across a five-state footprint

•

Approximately 4,000 employees corporate-wide

•

Rated among the strongest, safest financial institutions in the country by BauerFinancial, Inc.

•

Earned top customer service marks with Greenwich Excellence Awards

As of June 30, 2015

Gap Between Operating and Core Net

Income Eliminated

E.P.S.

ROA

$0.22

$0.19

$0.22

$0.16

$0.13

$0.10

$0.06

$0.00

$0.34

$0.36

$0.34

$0.39

$0.45

$0.46

$0.49

$0.50

$0.49

$0.51

$0.56

$0.55

$0.56

$0.55

$0.58

$0.59

$0.56

$0.55

$0.51

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

We define core income as operating income less purchase accounting adjustments (PAA). PAA items include loan accretion from Whitney and Peoples First, offset by amortization of the

Whitney bond portfolio premium, amortization of the Peoples First indemnification asset and amortization of intangibles. Operating income is defined as net income excluding tax-effected

securities transactions gains or losses and nonoperating

expense items. See table on slide 27.

Approximately $7.5 million, or $.06 per share, decline in linked-quarter net purchase accounting income

0.41%

0.35%

0.38%

0.27%

0.25%

0.22%

0.16%

0.10%

0.00%

0.62%

0.64%

0.61%

0.70%

0.80%

0.82%

0.84%

0.82%

0.79%

0.78%

1.03%

0.99%

0.97%

1.05%

1.04%

1.00%

0.92%

0.89%

0.78%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

"PAA Gap"

Core EPS

Operating EPS

"PAA Gap"

Core ROA

Operating ROA

Second Quarter 2015 Highlights

•

Earnings increased $0.8 million, or 2% linked-quarter

(excluding the tax-effected impact of net purchase

accounting items and nonoperating

items)

•

E.P.S. (excluding the tax-effected impact of net purchase

accounting items and nonoperating

items) increased 4%

linked-quarter

•

Approximately $7.5 million, or $.06 per share, decline in

linked-quarter net purchase accounting income

•

Loans increased $420 million, or 12% LQA, funded by an

increase in deposits of $441 million, or 10% LQA

•

Total assets of $21.5 billion; up $814 million or 4% from

March 31, 2015

•

Fee income (excluding accretion in indemnification

asset) up almost $5 million or 8% from 1Q15

•

Loan loss provision reflects additional build for energy

portfolio, including the impact of the shared national

credit (SNC) review, offset by improvements in other loan

portfolio measures

•

NIM of 3.30% reflects the expected drop in accretion

income from 1Q15, the full quarter impact of the

subordinated debt issuance in March 2015 and a decline

in the overall yield of the securities portfolio

($s in millions; except per share data)

2Q15

1Q15

Fav/(unfav)

Net Income

$34.8

$40.2

(13%)

Earnings Per Share

$.44

$.49

(11%)

Operating

Income*

$40.6

$44.7

(9%)

Operating Earnings Per Share

$.51

$.55

(7%)

Nonoperating

expense

items

$8.9

$7.3

(22%)

Return on

Assets (operating) (%)

0.78

0.89

(11bps)

Return on Tangible

Common Equity (operating)

(%)

9.66

10.68

(102ps)

Total Loans (period-end)

$14,345

$13,924

Total Deposits (period-end)

$17,302

$16,860

Net Interest Margin (%)

3.30

3.55

(25bps)

Net Interest Margin (%) (core)

3.14

3.21

(7bps)

Net Charge-offs (%) (non-covered)

0.03

0.11

8bps

Tangible Common Equity (%)

8.12

8.40

(28bps)

Efficiency Ratio**

(%)

66.7

64.4

(231bps)

Net Purchase

Accounting Income (pre-tax)

$0.3

$7.8

(96%)

Net Income (excluding tax-effected impact of net

purchase accounting items and nonoperating

items)

$40.4

$39.6

E.P.S. (excluding

tax-effected impact of net

purchase accounting items and nonoperating

items)

$.51

$.49

* Operating income is defined as net income excluding tax-effected securities transactions gains or losses and nonoperating expense items.

** Noninterest expense to total revenue (TE) excluding amortization of purchased intangibles, nonoperating expense items, and securities transactions.

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

Avg Qtrly Loans

$11.5

$11.6

$11.8

$11.9

$12.4

$12.7

$13.1

$13.6

$13.9

$14.1

Avg Qtrly Loans less Energy

$10.6

$10.7

$10.6

$10.9

$11.1

$11.4

$11.9

$12.2

$12.5

Energy (avg)

$0.93

$0.99

$1.12

$1.35

$1.51

$1.59

$1.68

$1.72

$1.70

$1.67

energy as a % of loans (avg)

10%

11%

12%

13%

12%

LQA EOP growth

-3%

20%

11%

14%

16%

12%

LQA EOP growth excl energy

-6%

-7%

14%

10%

13%

20%

14%

$10.0

$11.0

$12.0

$13.0

$14.0

$15.0

Well-Diversified Loan Growth

•

Total EOP loans of $14.3 billion were up $420 million,

or 3% linked-quarter (12% LQA)

•

Energy loans totaled $1.67 billion or 12% of total loans

at June 30, 2015, virtually unchanged linked-quarter; no

energy portfolio growth expected for the remainder of

2015 due to headwinds from the current cycle

•

Net loan growth during the quarter was well-diversified

by geography and loan type

$s in millions

$s in billions

AL/FL

panhandle

16%

Greater NO

14%

Indirect

12%

Texas

10%

Specialty

Finance

10%

Southwest

Mortgage

Greater

Baton

Rouge

Tampa

Tallahassee/

Jacksonville

Finance Co.

Composition of EOP Loan Growth

$420 million

2Q15

As of June 30, 2015

C&I

$6,186

43%

C&D

$1,121

CRE

$3,213

22%

Mortgage

$1,956

14%

Consumer

$1,869

13%

Total Loans

$14,345

6/30/15

Energy Concentration Risk Is

Well-Managed

•

Energy lending has been a core competency for more than 60 years

–

Disciplined underwriting, long term relationships

–

Continuing to review credits and stay close to our customers

•

Pricing pressures on oil have continued and we did see some

additional downward pressure on risk ratings this quarter

•

Management believes that further risk rating downgrades could

impact loan loss provisions but should not result in significant

losses

•

Impact and severity will depend on overall oil price reduction and

duration of the cycle

•

quarter results include the impact of net downgrades from the

shared national credit (SNC) review

–

$1 billion, or 54%, of SNCs are energy-related

As of June 30, 2015

Oil & Gas Portfolio Strong;

Continuing To Monitor Credits

•

Relationship business dating back to post WWII

•

Our energy customers are an excellent source of no/low cost

core deposits

•

Low prices can limit loan growth for new bank customers

•

Despite recent risk rating downgrades, the overall credit quality

of the energy portfolio remains solid

•

With experienced management in place, many of our clients

have been reacting to the reduction in oil prices by proactively

managing expenses, lowering discretionary spending or

reducing capital expenditures

Upstream (E&P)

$627

38%

Midstream

$104

Support Services

$938

56%

Oil & Gas Portfolio 6/30/15

(outstandings=$1.67B)

$s in millions

Diversified portfolio with concentration limits for

individual categories

High credit quality portfolio with historically low loss rates; disciplined underwriting

Low level of cumulative losses over previous down cycles

As of June 30, 2015

Upstream (E&P) Portfolio Diversified,

Profitable

•

Priority, secured loans; approximately 60% oil, 40% gas

•

Approximately $4 million linked-quarter increase in E&P outstandings;

•

Current line utilization is approximately 64% up slightly linked-quarter

•

Lend

only

proved

reserves

(on

risked

basis);

90%+

are

covered

Proved

Developed

Producing

Reserves

alone

•

E&P

customers

have

hedges

place;

approximately

2/3rds

our

clients

are

hedged

with

avg

tenor

1-1.5

years

•

Our clients breakeven at different prices/barrel oil

–

Breakeven varies depending on the basin

–

Our customers are diversified across 12 primary basins in the U.S. and in the Gulf of Mexico

–

Lower cost basins remain active; activity in higher cost basins has slowed considerably

•

Borrowing base redeterminations twice per year; all credits were reviewed in 2Q15 and adjustments made to overall commitment levels

–

RBL commitments reduced approximately 15% on average since the beginning of the year due to lower commodity prices

As of June 30, 2015

Low level of cumulative losses over previous down cycles even with growth in outstandings

Support Sector Companies Have

Weathered Previous Cycles

•

Many of our clients have operated through

previous cycles, including the mid 80s, late 90s

and 2008

•

Our clients typically have low/moderate leverage,

strong balance sheets and experienced

management

•

Most of the support nondrilling

companies are

based in south Louisiana and Houston, and many

are supporting offshore activity

•

Outstandings

virtually unchanged linked-quarter

•

Current line utilization is approximately 58%

•

We believe day rates and service sector

profitability is being impacted, and that client

experience and liquidity will allow our customers

to weather the current cycle

As of June 30, 2015

Contract drillers

31%

Rental tools

32%

Completion

services

32%

Other

Support Drilling Subcategories

Helicopter &

marine transport

52%

Fabrication,

construction,

installation

21%

Other

18%

Supply/

manufacturing

Support Nondrilling

Subcategories

Support Services Portfolio Statistics

$s in millions

Experienced, long-time customers with low level of cumulative losses over previous down cycles

$s in millions

As of June 30, 2015

Support -

drilling

$280

30%

Support -

nondrilling

(transportation)

$339

36%

Support -

nondrilling

(other)

$319

34%

Support Sector 6/30/15

(outstandings=$938)

$280

$658

$412

$287

$250

$500

$750

Drilling Support

Nondrilling Support

Loans

Deposits

147% of

loans

44% of

loans

Allowance For Loan Losses

•

The allowance for loan losses was $131.1 million (0.91%) compared to $128.4 million

(0.92%) linked-quarter

–

The allowance maintained on the non-FDIC acquired portion of the loan portfolio increased $6.3

million linked-quarter, totaling $107.0 million, and the impaired reserve on the FDIC acquired

loan portfolio declined $3.6 million linked-quarter

–

Impact of the current energy cycle on the allowance*:

•

The second quarter’s allowance calculation reflects a build of approximately $11 million in the

reserve for the energy portfolio related to updates to risk ratings (including impact of SNC

exam) and changes in the qualitative factors related to energy

–

ALLL for energy credits was 1.91% at June 30, 2015, up from 1.17% at March 31, 2015

•

We are disciplined in our underwriting, and while we could continue to see pressure in risk

ratings, based on what we know today we expect no significant loss in our energy portfolio

•

We believe our current reserves are sufficient to cover any losses in the portfolio

•

Should pricing pressures on oil continue, we could continue to see downward pressure on risk

ratings that could lead to additional provision expense in future quarters

•

Impact and severity will depend on overall oil price reduction and duration of the cycle

* Reserve reflects the amount of C&I reserve (loss factors) applied to the energy loans risk ratings.

As of June 30, 2015

Potential

Impact To Provision From Energy

Downgrades (Downward Shock Scenarios are mutually exclusive)

Total

outstanding

at 3-31-15

Total

outstanding

at 6-30-15

Energy

Reserve*

3-31-15

Energy

Reserve*

6-30-15

Incremental

Provision

Scenario 1

Incremental

Provision

Scenario 2

Incremental

Provision

Scenario 3

$623MM

$627MM

Upstream

$5.0MM

$10.1MM

$1.1MM

$109MM

$104MM

Midstream

$0.6MM

$0.7MM

$0.8MM

$4.5MM

$270MM

$280MM

Support –

Drilling

$4.1MM

$7.9MM

$4.8MM

$7.8MM

$11.4MM

$672MM

$658MM

Support –

Non-

drilling

$10.3MM

$11.9MM

$8.0MM

$15.3MM

$29.3MM

Total Incremental

Provision

---------

$14.7MM

$28.7MM

$46.3MM

$1.674B

$1.669B

Total Energy Reserve

(%)

$20.0MM

(1.17%)

$30.6MM

(1.91%)

$45.3MM

$59.3MM

$76.9MM

Scenario 1 –

all categories = 1 RR downgrade

Scenario 2 –

Upstream = 1 RR downgrade; all other sectors = 2 RR downgrade

Scenario 3 –

Upstream = 1 RR downgrade; Midstream = 2 RR downgrade; Support Sectors = 3 RR

downgrade

Impact and severity will depend on overall oil price reduction and duration of the cycle

* Reserve reflects the amount of C&I reserve (loss factors) applied to the energy loans risk ratings.

Portfolio Shock Scenarios based on current quarter balances and risk ratings

Asset Quality Measures Reflect

Impact Of Energy Cycle

•

NPA ratio 1.15%, up 14 bps linked-quarter

–

Nonperforming assets totaled $165 million, up $24 million from March 31, 2015

–

Nonperforming loans increased approximately $28 million linked-quarter

–

Mainly related to one energy loan (nondrilling

support) which was downgraded during the quarter

–

ORE and foreclosed assets decreased approximately $4 million linked-quarter;

•

Provision for loan losses was $6.6 million, up $0.5 million from 1Q15

•

Non-FDIC acquired net charge-offs totaled $1.2 million, or 0.03%, down from $3.7 million, or 0.11%, in

1Q15

•

Criticized commercial loans totaled $626 million at June 30, 2015, up $207 million from March 31, 2015

1.98%

1.84%

1.83%

1.50%

1.43%

1.22%

1.10%

1.06%

1.01%

1.15%

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

As of June 30, 2015

–

Increase mainly related to risk rating downgrades within the energy portfolio

Nonperforming

Asset

(NPA)

Ratio

Criticized

Loans

$100

$200

$300

$400

$500

$600

$700

2Q14

3Q14

4Q14

1Q15

2Q15

Criticized -

Total Commercial

Criticized -

Energy

Securities

Portfolio

Leveraging

Increased Net Interest Income

CMO

$1,225

28%

MBS

$2,701

61%

Munis

$199

U. S. Agencies

and other

$306

Securities Portfolio

Mix 6/30/15

•

Portfolio totaled $4.4 billion, up $338 million

linked-quarter, funded by a similar increase in

short-term borrowings

–

Purchased approximately $500 million of mortgage-backed

securities at an average yield of 2.13%

–

Additional borrowings rate approximately 15 bps

–

Net spread on leverage = approximately 2.00%

•

Yield 2.22% -

down 13 bps linked-quarter

•

Unrealized gain (net) of $14.3 million on AFS

•

52% HTM, 48% AFS

•

Duration 3.96 compared to 3.45 at 3-31-15

•

Balance sheet is asset sensitive over a 2 year

period to rising interest rates under various

shock scenarios

•

IRR modeling is based on conservative

assumptions

–

Flat balance sheet

–

Loan portfolio 54% variable (with 56% LIBOR-based)

–

Modeled lag in deposit rate increases

–

Conservative % DDA attrition for certain increases in rates

$s in millions

Period-end balances. As of June 30, 2015

1.1%

3.4%

5.1%

6.2%

1.3%

3.8%

5.4%

6.2%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

+100 shock

+200 shock

+300 shock

+400 shock

Year 1

Year 2

Net Interest Income Scenarios

Regulatory Rate Shocks

Solid Levels Of Core Deposit Funding

Noninterest

bearing

$6,181

36%

Interest-

bearing

transaction &

savings

$6,994

40%

Interest-

bearing public

funds

$1,963

11%

Time deposits

$2,164

13%

Total Deposits

$17,302

6/30/15

•

Total deposits $17.3 billion, up $441 million, or 3%,

linked-quarter

Noninterest-bearing demand deposits (DDA) decreased $21 million

$418 million increase in interest-bearing transaction and savings deposits

$90 million decrease in time deposits

Public fund deposits increased $134 million

•

Funding mix remained strong

•

DDA comprised 36% of total period-end deposits

•

Cost

funds

increased

basis

points

bps

related to the

full quarter impact of the sub debt issued in 1Q15

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

Avg Qtrly Deposits

$15.3

$15.2

$15.0

$14.9

$15.3

$15.1

$15.4

$15.9

$16.5

$16.9

LQA EOP growth

-13%

-3%

-2%

-1%

13%

21%

10%

$14.0

$14.5

$15.0

$15.5

$16.0

$16.5

$17.0

$s in billions

$s in millions

Core NIM Reflects Pressure While Core

Loan Yield Stabilizing

Core NIM = reported net interest income (TE) excluding total net purchase accounting

adjustments, annualized, as a percent of average earning assets. (See slide 26)

•

Reported net interest margin (NIM) 3.30%, down 25 bps linked-quarter

Approximately $8 million decline in purchase accounting adjustments; (-18 bps)

•

Core

NIM

3.14%

declined

bps

linked-quarter

Issued $150 million of holding company subordinated debt March 9, 2015; (-4 bps)

Declines in core loan yield (-3 bps) and securities yield (-13 bps) impacted NIM

•

One additional accrual day impacted net interest income

•

Projected accretion will still lead to a difference in reported and core NIMs

As of June 30, 2015

4.06%

3.99%

3.81%

3.63%

3.55%

3.30%

3.37%

3.35%

3.32%

3.27%

3.21%

3.14%

$136

$138

$140

$142

$144

$146

$148

$150

2.50%

2.70%

2.90%

3.10%

3.30%

3.50%

3.70%

3.90%

4.10%

4.30%

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

Core NII

NIM -

reported

NIM -

core

5.00%

4.86%

4.63%

4.41%

4.36%

4.10%

4.02%

3.97%

3.94%

3.91%

3.88%

3.85%

2.47%

2.43%

2.36%

2.35%

2.22%

0.23%

0.22%

0.21%

0.23%

0.24%

0.28%

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

Loan Yield-

Reported

Loan Yield

Core

Securities Yield-

Reported

Cost of

Funds-

Reported

Approximately $8 million

decline in net PAA

revenue in 2Q15; or $.06

per share

Sizeable Decline in Purchase Accounting

Impacted 2Q15 Results

Impact of Purchase Accounting Adjustments

(projections

will be updated quarterly; subject to change)

$s in millions

*Projected revenue includes loan accretion from Whitney and Peoples First,

offset by amortization of the Whitney bond portfolio premium and amortization

of the Peoples First indemnification asset.

2012

2013

2014

2015

2016

2017

Post

2017

Revenue impact*

$124

$132

$80

$31

$13

$16

Pre-tax impact PAA

$93

$103

$54

$25

$50

$75

$100

$125

$150

N/M

As of June 30, 2015

N/M

1Q13

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15

3Q15

4Q15

1Q16

2Q16

3Q16

4Q16

PAA Revenue -act*

PAA Revenue -proj*

Intangible Amort

Pre-tax impact

-1

-2

-3

$10

$15

$20

$25

$30

$35

$40

Core Noninterest Income Growth Across Business

Lines

Service

Charges on

Deposit

$17.9

29%

Trust

$11.8

19%

Investment &

annuity

$4.8

Insurance

$2.6

Bankcard and

ATM

$11.9

19%

Secondary

mortgage

operations

$3.6

Other

(excluding IA

amort)

$9.5

15%

•

Noninterest income, including securities transactions, totaled

$60.9 million, up $4.3 million, or 8%, linked-quarter

Amortization of the indemnification asset for FDIC covered loans totaled $1.3

million, compared to $1.2 million in the first quarter; the amortization is a

reduction to noninterest income and is a result of a lower level of expected

future losses on covered loans (non-core)

Service charges on deposits totaled $17.9 million, up $0.6 million, or 3%, from

the first quarter, while Bankcard & ATM fees totaled $11.9 million, up $0.7

million, or 6%

Within the wealth banking product set, investment & annuity income and

insurance fees totaled $7.4 million, up $0.6 million, or 9%, linked-quarter,

with trust fees of $11.8 million, up $0.6 million, or 5%, in part related to fees

from seasonal tax prep

Fees from secondary mortgage operations totaled $3.6 million, up $1

million,

or 36%, linked-quarter

Other noninterest income (excluding IA amortization) totaled $9.5 million, up

$1.3 million, or 16%, linked-quarter

$s in millions

Core

Noninterest

Income

Mix

2Q15

As of June 30, 2015

Continuing To Control Operating

Expenses

•

Operating expenses totaled $150.0 million in 2Q15, up $3.8 million, or 3%, linked-

quarter

Excludes $8.9 million of nonoperating

expenses

Personnel expense totaled $82.5 million, up $2.4 million, or 3%, linked-quarter; increase

in incentive pay in the quarter was partially offset by a seasonal decrease in benefits

Occupancy and equipment totaled $15.8 million, up $0.7 million, or 5%, linked-quarter

ORE expense totaled $0.5 million for 2Q15, virtually unchanged linked-quarter

Other operating expense increased $0.7 million, or 2%, linked-quarter

Personnel

$82.5

55%

Occupancy

$11.8

Equipment

$4.1

ORE

$0.5

Other

$45.0

30%

Amortization

intangibles

$6.1

Operating Expense Mix 2Q15

June

30,

2015;

excluding

nonoperating

expense

items

$s in millions

$146.2

$150.0

$2.4

$0.6

$0.1

$0.7

$140

$142

$144

$146

$148

$150

$152

1Q15 Operating

Expense

Personnel Expense

Occupancy

Equipment

Other Expense

2Q15 Operating

Expense

Current and Future Revenue Initiatives

Quarter

Revenue

Growth

Begins

Consumer Lending

•

Enhanced approval process for consumer

loans designed to grow consumer and

consumer finance loans through the Bank &

Harrison Finance delivery channels

3Q15

Equipment Finance

•

New equipment finance strategy is gaining

immediate

momentum

through

mix

leasing & lending on equipment

3Q15

Enhanced

Prospecting for

Business

Clients

•

Leveraging

new source

of prospect

information

with industry-leading customer

management tools resulting in more business

development opportunities and new clients per

banker

4Q15

Loan Pricing

Initiative

•

Leveraging market intelligence to stabilize

and

enhance

commercial

loan

yields

fees

2Q15

New Business Card

Products

•

New

credit

and

payment

card

products

and

rewards programs for businesses further

enhances our product offering

3Q15

Deposit Growth

Strategy

•

Market-by-market

strategy

grow

deposits

providing dollar for dollar funding of loan

growth

3Q14

Consumer Checking

Products

•

The delivery of enhanced products is the first

series

initiatives

that

will

deliver a

fresh, innovative and competitive consumer

banking proposition to clients

3Q15

As of June 30, 2015

•

Strategic change in branch banking

focus from product sales to growth,

revenue and profitability

•

Merchant services technology,

product and sales enhancements to

retain and grow clients

•

Deliberate focus on leveraging

wealth management expertise

through client relationship reviews

and Private Banking delivery

enhancements

•

New technology platform to

streamline commercial loan

processing –

enhanced banker

efficiencies allows more time for

business development

•

Mortgage banking changes expected

to result in increased production,

quicker turnaround/closing times,

and improved customer and realtor

satisfaction

Solid Capital Levels

•

TCE ratio 8.12%, down 28 bps linked-

quarter mainly related to the growth in total

assets

•

Issued $150 million of holding company

subordinated debt March 9, 2015 at 5.95%

Qualifies as Tier 2 capital

Used

approximately

1/3

for

completion

common stock buyback in 1Q15

Remainder to be used for general corporate

purposes

•

Will continue to review additional options

to deploy excess capital in the best interest

of the Company and its shareholders

–

Organic growth

–

M&A

–

Stock buyback

–

Dividends

10%

11%

12%

13%

14%

15%

1Q13

2Q13*

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

2Q15e

Capital Ratios

*Stock Buyback (ASR) initiated

As of June 30, 2015

Tangible

Common

Equity

Ratio

Leverage

(Tier

Ratio

Tier 1

Risked-Based

Capital Ratio

Total

Risk-Based

Capital

Ratio

June 30, 2015

8.12%

9.05%(e)

10.69%(e)

12.44%(e)

March 31, 2015

8.40%

9.17%

10.86%

12.77%

December 31, 2014

8.59%

9.17%

11.23%

12.30%

TCE

Tier 1 Risk-Based Capital

Total Risk-Based Capital

Maintained Strong Capital in Recent

Regulatory Stress Test

11.6%

+2.7%

-4.2%

-1.2%

-0.7%

-0.8%

7.4%

4.5%

10%

12%

14%

16%

Actual Q3

2014 *

PPNR

PLLL

Dividends

RWA

Other **

Ending Q4

2016

Regulatory

Minimum

Drivers

Change

Common

Equity

Tier

(CET1)

Capital

Ratio

2014

through

2016

under

the

Supervisory

Severely

Adverse

Scenario

Hancock was required to implement the stress testing and disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer

Protection Act of 2010

The stress test is defined as a “process to assess the potential impact of certain scenarios on the consolidated earnings, losses and capital

of a company over the planning horizon, taking into account its current condition, risks, exposures, strategies, and activities”

The company and bank maintained capital levels that exceed regulatory minimums throughout the nine-quarter course of the Severely

Adverse scenario

Management employed a conservative approach to the stress test in order to ensure sufficient hypothetical stress was applied

The stress test and its results do not include either $150 million of Tier 2-qualified sub-debt issued or the repurchase of approximately

$75 million of common stock in the first quarter of 2015

* 3Q 2014 CET1 ratio is the Tier 1 Common Equity ratio calculated under Basel I. CET1 calculation under Basel III took effect 1/1/15

** Other includes all other adjustments, including goodwill, other intangibles, disallowed deferred tax asset and income taxes

Near-Term Outlook

2Q15

Items to note

Outlook

Loans

+12% LQA

+11% Y-o-Y

Limited net paydowns

in energy portfolio

compared to previous

expectations

5-8%

EOP growth for full year

Based on current trends 2015 loan growth expected at

or above top end of current range; could be impacted by

future energy paydowns

Purchase Accounting

Adjustments (PAAs)

$0.3 million pre-tax

(see slide 27)

Includes items

impacting revenue and

expense

Sizeable decline of $7.5 million in 2Q15 PAAs;

expected

future declines modest (see slide 18)

Net

Interest Margin

(NIM)

3.30% reported

3.14% core

Reported down

25bps;

Core

down 7bps

Continued downward pressure on reported and core

margin; increasing core net interest income

Core Revenue

$209.3 million

Excludes

PAAs

Recent growth reflects initiatives started in the prior

several quarters; expect growth in 2H15 as initiatives

continue to mature

Loan Loss Provision

$6.6 million

Includes $11 million

of reserve build related

to energy & SNC

review

Should pricing pressures on oil continue, we could see

additional risk rating downgrades and increased

provisions; not expecting significant charge-offs

Noninterest Expense

$150.0 million

operating

$8.9 million of

nonoperating

costs

Slightly higher in the near term

E.P.S.

–

operating

$.51

No difference between

operating and core

E.P.S. (calculations on

slides 25 and 27)

Current expectations for 2H15 are in line with current

quarterly street estimates

As of June 30, 2015

Appendix:

EPS calculation

in thousands, except E.P.S.

Operating income to common shareholders

$40,631

$44,697

$49,575

Income allocated

to participating securities

($894)

($1,040)

($1,016)

Operating income allocated to common shareholders

$39,737

$43,657

$48,559

Weighted

average

common

–

diluted

78,115

79,661

82,174

E.P.S.

diluted

$.51

$.55

$.59

See Note 8 in the most recent 10Q for more details on the two-class method for E.P.S. calculation.

Three

Months

Ended

6/30/15

Three

Months

Ended

3/31/15

Three

Months

Ended

6/30/14

Appendix: Purchase Accounting Adjustments

Core NII & NIM Reconciliation

($s in millions)

2Q15

1Q15

4Q14

3Q14

2Q14

Net

Interest

Income

(TE)

–

reported

(NII)

$154.9

$161.1

$163.6

$166.2

$167.3

Whitney expected loan accretion (performing)

1.1

1.2

2.7

5.0

5.8

Whitney

expected

loan

accretion

(credit

impaired)

6.8

11.3

13.8

17.0

19.8

Peoples First expected loan

accretion

0.9

1.1

2.5

Excess cash

recoveries*

---

2.8

---

Total Loan Accretion

$8.7

$16.4

$17.2

$22.8

$28.1

Whitney premium bond amortization

(1.0)

(1.2)

(1.3)

(1.4)

Whitney and Peoples First CD accretion

---

Total Net Purchase Accounting

Adjustments (PAAs) impacting NII

$7.7

$15.3

$16.0

$21.5

$26.7

Net

Interest

Income

(TE)

–

core

(Reported NII less net PAAs)

$147.2

$145.8

$147.6

$144.7

$140.6

Average Earning

Assets

$18,781

$18,316

$17,911

$17,324

$16,792

Net

Interest

Margin

–

reported

3.30%

3.55%

3.63%

3.81%

3.99%

Net

Purchase Accounting Adjustments (%)

.16%

.34%

.36%

.49%

.64%

Net

Interest

Margin

core

3.14%

3.21%

3.27%

3.32%

3.35%

* Excess cash recoveries include cash collected on certain zero carrying value acquired loan pools above expected amounts.

Appendix: Non-GAAP Reconciliation

(Net Income, ROA, E.P.S.)

in millions (except EPS)

Net income

$34.8

$40.2

$40.0

Adjustments from net to operating income

Securities transactions gains

-0.3

Total nonoperating

expense items (pre-tax)

8.9

7.3

12.1

Taxes

adjustments

marginal

tax

rate

3.1

2.4

2.5

Total adjustments (net of taxes)

5.8

4.5

9.6

Operating income

$40.6

$44.7

$49.6

Adjustments from operating to core income

PAA

–

Net Interest Margin (see slide 26)

7.7

15.3

26.7

Intangible Amortization (noninterest expense)

-6.1

-6.3

-6.7

Amortization of Indemnification Asset (noninterest income)

-1.3

-1.2

-3.3

Total Purchase

Accounting Adjustments (PAA) (pre-tax)

$0.3

$7.8

$16.7

Taxes

adjustments

marginal

tax

rate

0.1

2.7

5.8

Total PA

adjustments (net of taxes)

0.2

5.1

10.9

Core

Income (Operating less purchase accounting items)

$40.4

$39.6

$38.7

Average

Assets

$20,875

$20,444

$19,039

ROA (operating)

0.78%

0.89%

1.04%

ROA (core)

0.78%

0.79%

0.82%

Weighted Average Diluted Shares (thousands)

78,115

79,661

82,174

E.P.S. (operating)

$.51

$.55

$.59

E.P.S. (core)

$.51

$.49

$.46

Three

Months

Ended

6/30/15

Three

Months

Ended

3/31/15

Three

Months

Ended

6/30/14

Appendix:

Whitney Portfolio Continues Solid Performance

•

Loan mark on the acquired-performing portfolio accreted into earnings over the life of the

portfolio

•

Credit-impaired loan mark available for charge-offs; if not needed for charge-offs then

accreted into income

•

Quarterly reviews of accretion levels and portfolio performance will impact reported margin

$s in millions

Credit-

Impaired

Performing

Total

Whitney loan mark at acquisition

(as adjusted in 4Q11)

$284

$187

$471

Acquired portfolio loan balances at acquisition

$818

$6,101

$6,919

Discount at acquisition

34.7%

3.1%

6.8%

Remaining Whitney loan mark at 6/30/15

$43

$47

Remaining acquired portfolio loan balances at 6/30/15

$77

$699

$776

Acquired loan charge-offs from acquisition thru 6/30/15

$24

$14

$38

Discount at 6/30/15

55.1%

0.5%

6.0%

As of June 30, 2015

Appendix:

Peoples First Loan Mark Used For Charge-Offs

•

FDIC acquired loan portfolio

•

Entire loan mark available for charge-offs; if not needed for charge-offs then accreted into income

•

Quarterly reviews of accretion levels and portfolio performance will impact reported margin

•

FDIC loss share receivable totaled $35.1 million at June 30, 2015

•

Non-single family FDIC loss share agreement expired at December 31, 2014

•

$179 million remains covered under FDIC single family loss share agreement

$s in millions

Credit

Impaired

Peoples

First loan mark at acquisition (12/2009)

$509

Charge-offs from acquisition thru 6/30/15

$430

Accretion since acquisition date

$93

Remaining loan mark at 6/30/15

$33

Impairment reserve at 6/30/15

$24

Remaining portfolio loan balances at 6/30/15

$261

Discount & allowance at 6/30/15

22%

As of June 30, 2015

Second Quarter 2015

Financial Results

July 23, 2015

Second Quarter 2015

Financial Results

July 23, 2015

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