Hancock Whitney Corporation · NASDAQ:HWC
Hancock Whitney — Q3 2025 Earnings Presentation
37 slides from Hancock Whitney's earnings presentation, Oct 14, 2025
Slide 1: Third Quarter 2025 Earnings Conference Call
Third Quarter 2025 Earnings Conference Call 10/14/2025 HANCOCK WHITNEY
Slide 2: Important cautionary statement about forward-looking statements
Important cautionary statement about forward-looking statements This presentation contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we ma
Slide 3: Non-GAAP Reconciliations & Glossary of Terms
Non-GAAP Reconciliations & Glossary of Terms Throughout this presentation we may use non-GAAP numbers to supplement the evaluation of our performance. The items noted below with an asterisk, "*", are considered non-GAAP. These non-GAAP financial measures should not be considered alternatives to GAAP
Slide 4: Corporate Profile
Corporate Profile $35.8 billion in Total Assets (Healthcare) $23.6 billion in Total Loans (ABL) (Trust) (Operations) $28.7 billion in Total Deposits CET1 Ratio 14.08%* TCE Ratio 10.01% $5.3 billion in Market Cap Baa3 179 221 Moody’s banking locations ATMs Long-term issuer rating; positive outlook BB
Slide 5: How we do business
How we do business Our Mission. Our Purpose. Our Promise to Associates. Each day, we reaffirm our We work hard to create We honor and respect mission to help people achieve opportunities for people and associates with a heartfelt their financial goals and the communities we serve, our promise: You c
Slide 6: HWC Strong and Stable for More Than 125 Years
HWC Strong and Stable for More Than 125 Years ► Strength to manage through challenging economic environments ► Density in resilient deposit markets ► Stable, seasoned, diversified deposits; ability to organically grow deposits ► Top quartile capital levels including all unrealized losses ► Ability t
Slide 7: Year One of Multi-Year Organic Growth Plan
Year One of Multi-Year Organic Growth Plan Revenue Producers Facility Expansion ► Plan initiated in 2024 to hire additional wholesale, business, and ► Five additional financial center locations are planned for Dallas wealth management revenue producers MSA ► Largely in higher-growth MSAs in Texas an
Slide 8: Third Quarter 2025 Highlights
Third Quarter 2025 Highlights ► Net income totaled $127.5 million, or $1.49 per diluted ($s in millions; except per share data) 3Q25 2Q25 3Q24 share, compared to $113.5 million, or $1.32 per diluted share in 2Q25 Net income $127.5 $113.5 $115.6 – There were no supplemental disclosure items in 3Q25;
Slide 9: Loan Growth Impacted by Payoffs
Loan Growth Impacted by Payoffs ► Loans totaled $23.6 billion, up $135 million, or Line Utilization 2% LQA 45.0% – Diverse growth realized across CRE-Owner, ICRE, 41.8% and Equipment Finance; growth partially offset by 41.6% 41.5% 41.7% 40.8% higher payoffs and lower line utilization 41.6% 40.9% – L
Slide 10: Loan Portfolio Composition Diversified and De-Risked
Loan Portfolio Composition Diversified and De-Risked ► Loan portfolio diverse across a number of Total Loans % of Total ($s in millions) Outstanding Loans Commitment segments and industries Commercial non-RE (C&I) $7,408 31.4% $13,240 ► Conservative underwriting in both type and CRE – owner 2,713 11
Slide 11: Deposits Impacted by Seasonal Activity
Deposits Impacted by Seasonal Activity ► Total deposits of $28.7 billion, down $387 million, or 5% LQA EOP Deposits Mix ($) – Noninterest-bearing DDA decreased $334 million, related to 35,000 unfavorable seasonality and expected outflows of temporary balances 30,000 in 3Q25; includes $83 million dec
Slide 12: Continued Improvement in Commercial Criticized
Continued Improvement in Commercial Criticized $700 3.47% 3.35% $600 3.15% 3.01% 2.81% $500 $400 $300 $200 0.45% 0.40% 0.48% $100 0.35% 0.42% $0 3Q24 4Q24 1Q25 2Q25 3Q25 Total Loans $23,456 $23,299 $23,098 $23,462 $23,597 Total Commercial Loans 18,097 17,968 17,735 18,057 18,234 Criticized Commercia
Slide 13: Maintained Solid Reserves
Maintained Solid Reserves ► Provision for the third quarter of 2025 of $12.7 million, Reserve Build / reflects $11.4 million of net charge-offs and a reserve Net Charge-offs (Release) Total Provision build of $1.3 million – Quarter-end reserve coverage solid at 1.45% ($s in millions) 3Q25 2Q25 3Q25
Slide 14: Portfolio Reinvestment Drives Yield Increase
Portfolio Reinvestment Drives Yield Increase ► Securities portfolio* totaled $8.4 billion at 9/30/25, up $64 million linked-quarter Securities Portfolio* Mix 9/30/2025 ► 74% AFS, 26% HTM at 9/30/25 $s in millions Munis ► $398 million in notional FV hedges are designated $739 9% on $432 million in bo
Slide 15: NIM Stable Linked-Quarter
NIM Stable Linked-Quarter ► 3Q25 NIM 3.49%, flat from 2Q25 – NIM 3.51% for the month of September 2025 3.70% 0.02% 0.02% ► NII (TE) of $282.3 million, up 1% compared to $279.5 3.50% 0.04% million in prior quarter 3.30% − Increase in NII primarily driven by higher earning asset 3.10% 3.49% volumes/yi
Slide 16: Key IRR Metrics
Key IRR Metrics Loans ► Loans totaled $23.6 billion at September 30, 2025 – 41% fixed, 59% variable (includes hybrid ARMs) – 73% of variable loans tied to SOFR – 23% of variable loans tied to Wall Street Journal Prime – 4% of variable loans tied to other indices ► Approximately 4% ($504 million) of
Slide 17: Continued Strong Fee Income Growth
Continued Strong Fee Income Growth $120 $3.9 $1.5 $2.0 $100 $1.0 $0.7 $0.2 $80 $s in millions $60 $98.5 $106.0 $40 $20 $0 2Q25 Noninterest Service charges Bank card & Investment & Trust fees Secondary Other 3Q25 Noninterest Income on deposit accounts ATM fees annuity income mortgage Income and insur
Slide 18: Expenses Remain Well-Controlled
Expenses Remain Well-Controlled $225 $5.9 $0.1 $1.5 $2.8 $0.2 $200 $6.9 $s in millions $175 $216.0 $210.1 $212.8 $150 $125 $100 2Q25 Noninterest 2Q25 2Q25 Adjusted Personnel Occupancy and Amortization of ORE/OFA Other (net) 3Q25 Noninterest Expense Supplemental Noninterest expense Equipment intangib
Slide 19: Capital Deployed Through Growth; Shareholder Returns
Capital Deployed Through Growth; Shareholder Returns ► CET1 ratio estimated at 14.08%, up 11 bps linked-quarter CET1 Ratio and Tangible Tier 1 Risked- Total ► Leverage (Tier 1) ratio estimated at 11.46%, up 11 bps Common Equity Leverage Based Capital Risk-Based linked-quarter Ratio Ratio Ratio Capit
Slide 20: 2025 Forward Guidance
2025 Forward Guidance Guidance 3Q25 FY 2025 Direction Actual Outlook (Includes impact of the acquisition of Sabal Trust Company as of 5/2/2025) Loans (EOP) No change $23.6B Expect EOP loans at 12/31/25 to be up low single digits from 12/31/24 levels Deposits (EOP) No change $28.7B Expect EOP deposit
Slide 21: Appendix and Non-GAAP Reconciliations
Appendix and Non-GAAP Reconciliations Appendix and Non-GAAP Reconciliations CHANCOCK WHITNEY
Slide 22: Summary Balance Sheet
Summary Balance Sheet ($ in millions) Change Change 3Q25 2Q25 3Q24 LQ Prior Year YTD 2025 YTD 2024 Y-o-Y EOP Balance Sheet 23,596.6 23,461.7 23,455.6 134.9 141.0 Loans 23,596.6 23,455.6 141.0 7,991.3 7,868.0 7,769.8 123.3 221.5 Securities 7,991.3 7,769.8 221.5 32,532.3 31,965.1 32,045.2 567.2 487.1
Slide 23: Balance Sheet Summary
Balance Sheet Summary Average Loans Average Securities* Average Deposits ($s in billions) ($s in billions) ($s in billions) $25 $11 $32 $24 $23.6 $10 $23.4 $23.2 $23.1 $23.2 $30 $29.1 $23 $9 $8.3 $8.3 $8.4 $28.9 $28.8 $8.2 $8.2 $28.6 $28.5 $22 $8 $28 $21 $7 $20 $6 $26 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4
Slide 24: ICRE Segmentation Detail and Key Metrics
ICRE Segmentation Detail and Key Metrics ► ICRE loan portfolio is diversified by asset class, Total Loans % of Total industry and geographic region ($s in millions) Outstanding Loans Commitment Multifamily $1,078 4.6% $1,107 ► ICRE 17% of total loans and includes a variety of Retail 711 3.0% 743 col
Slide 25: EOP Loan Repricing and Maturity
EOP Loan Repricing and Maturity Repricing/Maturity Term (1) Rate Structure 3 months 4-12 Over 15 Total Loans Variable Fixed 1-3 Years 3-5 Years 5-15 Years ($s in millions) or less months Years (EOP) Rate Rate Commercial Non-RE $6,013 $430 $920 $1,255 $1,003 $60 $9,681 $6,114 $3,567 CRE-Owner 1,182 7
Slide 26: Total Loan Rates and Yield Trends
Total Loan Rates and Yield Trends Total Loans Fixed Loans Variable Loans Total Loan Yield** $30,000 6.40% 6.27% $25,000 6.24% 6.20% 6.02% $20,000 6.00% 5.84% 5.86% 5.87% $ in millions $15,000 5.80% $14,474 $14,021 $13,810 $13,557 $13,771 $13,808 $10,000 5.60% $5,000 5.40% $9,438 $9,435 $9,489 $9,541
Slide 27: New Loan Rates Impacted by Rate Environment
New Loan Rates Impacted by Rate Environment New Loans Fixed Loans Variable Loans Total New Loan Rate* $1,600 9.00% $1,400 8.50% 8.01% $1,200 7.81% 8.00% $1,000 7.50% 7.07% 7.06% $ in millions $800 7.00% 6.78% 6.78% $600 6.50% $943 $1,010 $400 $591 6.00% $621 $724 $855 $200 $437 $454 5.50% $356 $291
Slide 28: Maintaining a Seasoned, Stable, Diversified Deposit Base
Maintaining a Seasoned, Stable, Diversified Deposit Base ► DDA as a % of total deposits remains strong at 36% at September 30, 2025 ► Uninsured deposits (adjusted for collateralized public funds) were 39.2% at September 30, 2025, compared to 38.6% at EOP Deposits by Line of Business June 30, 2025 9/
Slide 29: Strong Liquidity Position; Multiple Sources of Funding Available
Strong Liquidity Position; Multiple Sources of Funding Available ▶ Currently have approximately $20.2 billion in internal and external sources of liquidity if needed At September 30, 2025 Total Amount Net $ in millions Sources Used Availability ▶ Approximately $17.8 billion in remaining net liquidit
Slide 30: Summary Income Statement
Summary Income Statement ($ in millions, except for per share data) Change Change 3Q25 2Q25 3Q24 LQ Prior Year YTD 2025 YTD 2024 Y-o-Y 282.3 279.5 274.5 2.8 7.8 Net interest income (TE) 834.5 816.7 17.8 12.7 14.9 18.6 (2.2) (5.9) Provision for credit losses 38.0 40.3 (2.3) 106.0 98.5 95.9 7.5 10.1 N
Slide 31: Income Statement Summary
Income Statement Summary (as Adjusted*) Adjusted PPNR* Net Interest Income (TE) Net Interest Margin (TE) ($s in millions) $175.6 ($s in millions) $180 $320 3.75% $166.5 $167.9 $170 $165.2 $300 3.60% $162.4 $282.3 3.49% 3.49% $276.3 $279.5 3.43% $274.5 $272.7 3.39% 3.41% $160 $280 3.45% $150 $260 3.3
Slide 32: Current Hedge Positions
Current Hedge Positions Cash Flow (CF) Hedges ► Receive 261 bps versus paying 1-month SOFR on $1.7 billion ► Two additional hedges were added while no terminations were made during the third quarter of 2025 ► Total termination value on remaining active CF hedges is approximately ($19) million as of
Slide 33: Remain Well Capitalized Including All Unrealized Losses
Remain Well Capitalized Including All Unrealized Losses 9/30/2025 Inc. AOCI Inc. AOCI + HTM Well Capitalized As Reported* Losses (1) Losses(2) Minimum Tangible Common Equity Ratio 10.01% 10.01% 9.74% N/A Leverage (Tier 1) Ratio 11.46% 10.58% 10.30% 5.00% CET1 Ratio 14.08% 12.89% 12.53% 6.50% Tier 1
Slide 34: PPNR and Adjusted PPNR Reconciliation
PPNR (TE) and Adjusted PPNR (TE) Reconciliation Three Months Ended Nine Months Ended (in thousands) 3Q25 2Q25 1Q25 4Q24 3Q24 YTD 2025 YTD 2024 Net Income (GAAP) $127,466 $113,531 $119,504 $122,074 $115,572 $360,501 $338,741 Provision for credit losses 12,651 14,925 10,462 11,912 18,564 38,038 40,255
Slide 35: Adjusted Efficiency Ratio
Adjusted Efficiency Ratio Three Months Ended Nine Months Ended (in thousands) 3Q25 2Q25 1Q25 4Q24 3Q24 YTD 2025 YTD 2024 Net interest income $279,738 $276,959 $269,905 $273,556 $271,764 $826,602 $808,365 Noninterest income 106,001 98,524 94,791 91,209 95,895 299,316 272,920 Total GAAP revenue 385,73
Slide 36: Adjusted Earnings Per Share - Diluted
Adjusted Earnings Per Share - Diluted Three Months Ended (in thousands) 3Q25 2Q25 3Q24 Net Income (GAAP) $127,466 $113,531 $115,572 Net income allocated to participating securities (552) (486) (772) Net income available to common shareholders $126,914 $113,045 $114,800 Supplemental disclosure items,
Slide 37: Third Quarter 2025 Earnings Conference Call
Third Quarter 2025 Earnings Conference Call 10/14/2025 HANCOCK WHITNEY