Hancock Whitney Corporation · NASDAQ:HWC
Hancock Whitney — Hancock Holding — Raymond James Bank Conference 2012
22 slides from Hancock Whitney's conference presentation, Aug 13, 2012
Slide 1: Raymond James Bank Conference
Exhibit 99.1 Raymond James Bank Conference August 14, 2012
Slide 2: Carl Chaney, President & CEO
Hancock Bank =~ WHITNEY Carl Chaney President & CEO
Slide 3: Forward-Looking Statements
Forward-Looking Statements 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. Hancock’s ability to accurate
Slide 4: Second Quarter 2012 Earnings Summary
Second Quarter 2012 Earnings Summary ($s in millions; except per share data) 2Q12 1Q12 change Operating Income*(a) $47.0 $40.5 +16% Operating E.P.S.(diluted) (a) $.55 $.47 +17% Return onAssets (operating) (a) 1.00% 0.85% +15bps Merger Costs $11.9 $33.9 -65% Net Income $39.3 $18.5 +112% Earnings Per
Slide 5: Second Quarter 2012 Results
Second Quarter 2012 Results • Operating earnings $47 million or $.55 per diluted common share • Up 17% linked-quarter on a per share basis • Fundamentals remain solid • Operating ROA 1.00% • Committed to enhancing ROA • Loan growth opportunities • Developing revenue synergies • Gaining additional ef
Slide 6: Better Mix, Less Risky Loan Portfolio
Better Mix, Less Risky Loan Portfolio • Total loans $11 billion; virtually flat linked-quarter (after adjusting for the decline in the covered Peoples First portfolio) • Compared to a year earlier loans are down $171 million, or 1.5% • Growth in C&I (+7%), residential mortgage (+5%), consumer loans
Slide 7: Strong Core Deposit Funding
Strong Core Deposit Funding • Total deposits $15 billion • Funding mix remained strong – Low cost of funds (32bps); down 6bps from 1Q12 – Noninterest bearing demand deposits (DDA) comprised 34% of total period-end deposits • Linked-quarter decline related to expected CD runoff, seasonal trends in pu
Slide 8: Michael Achary, Chief Financial Officer
Michael Achary Chief Financial Officer 8
Slide 9: Strong, Stable Net Interest Margin
Strong, Stable Net Interest Margin • Net interest margin (NIM) 4.48%, up 5bps linked-quarter – Reflects a favorable shift in funding sources, a decline in funding costs, offset by a decline in the securities portfolio yield – Core margin basically unchanged • Quarterly reviews of accretion levels an
Slide 10: Working To Enhance Fee Growth
Working To Enhance Fee Growth • Noninterest income totaled $63.6 million, up 3% linked-quarter • New and standardized products and services offered across the footprint after the systems conversion in March 2012 • Conversion has enhanced opportunities for cross-selling – Private Banking – Treasury M
Slide 11: Focused On Realization Of Remaining Cost Synergies
Focused On Realization Of Remaining Cost Synergies • Operating expense totaled $168 million, down $3.5 million from 1Q12* – Amortization of intangibles totaled $7.9 million – Personnel expense decreased $2.5 million, primarily from declines in quarterly payroll taxes and the reduction in force assoc
Slide 12: Reiterating Operating Expense Guidance for 4Q12
Reiterating Operating Expense Guidance for 4Q12 • Expect total operating expense, excluding amortization of intangibles, of $149 million - $153 million in 4Q12 • Operating expense excludes merger costs • The additional $7 million – $11 million in cost savings are expected to be generated during seco
Slide 13: Asset Quality To Remain In Line With Previous Quarters' Range
Asset Quality To Remain In Line With Previous Quarters’ Range • Provision for loan losses was $8 million, down from $10 million in 1Q12 • Net charge-offs totaled $10 million, or 0.37%, related to the non-covered portfolio • ALLL/loans was 1.40% • Excluding the impact of the Whitney acquired loans an
Slide 14: Well-Capitalized Company
Well-Capitalized Company • Tangible Common Equity (TCE) ratio improved to 8.72%, up 45bps linked-quarter – Target: 8% minimum • Expect to continue building capital in the near term • Will continue to look for opportunities to deploy excess capital and liquidity in the best interest of the Company an
Slide 15: Carl Chaney, President & CEO
Carl Chaney President & CEO 15
Slide 16: Whitney Subordinated Notes Tender Offer
Whitney Subordinated Notes Tender Offer • Capital position, combined with strong liquidity position allowed the Company to initiate a tender offer on a portion of Whitney subordinated notes • Original issue by Whitney National Bank in March 2007 of $150 million 5.875% notes due 4-1-2017 • Tender off
Slide 17: A Premier Gulf South Financial Services Franchise
A Premier Gulf South Financial Services Franchise Whitney Bank Hancock Bank • Diversified footprint across the Gulf South • 2 well-known Gulf Coast brands • Loyal customer base and attractive deposit funding • Diversified revenue stream with strong earnings momentum • Leading market share in key MSA
Slide 18: ROA Guidance of 1.10% to 1.20% Within Reach
ROA Guidance of 1.10% to 1.20% Within Reach Operating ROA (excludes merger costs) HBHC post merger HBHC/WTNY Proforma * *Whitney acquired June 4, 2011 18
Slide 19: Well Positioned For The Future
Well Positioned For The Future Premier Gulf South franchise Opportunities for future growth History of effective capital management Superior liquidity Conservative credit culture Enhanced earnings potential Focused on shareholder value creation 19
Slide 20: Raymond James Bank Conference
Raymond James Bank Conference August 14, 2012
Slide 21: Appendix
a Hancock Bank Gwurrser 21
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation (amounts in thousands) (unaudited) Three Months Ended Six Months Ended 6/30/2012 3/31/2012 06/30/011 6/30/2012 6/30/2011 Income Statement Interest income $190,489 $191,716 $115,477 $382,205 $198,010 Interest income (TE) 193,323 194,665 118,335 387,988 203,740 Interest expense