Hancock Whitney Corporation · NASDAQ:HWC
Hancock Whitney — Hancock Holding — Merger or Acquisition (January 2017)
11 slides from Hancock Whitney's merger presentation, Jan 3, 2017
Slide 1: Strengthening Whitney's Position as a Market Leader in Greater New Orleans
December 30, 2016 Strengthening Whitney’s Position as a Market Leader in Greater New OrleansWhitney to Acquire 9 Branches and Certain Assets and Liabilities from First NBC
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. Any statement that does not describe
Slide 3: Transaction Highlights
Transaction Highlights In-market, strategic transaction to opportunistically add scale in the Greater New Orleans areaAcquiring approximately $1.3 billion of loans (will acquire approximately $160 million of the identified loans on or before January 4, 2017)Acquiring 9 branches with approximately $5
Slide 4: Compelling Financial Impact
Compelling Financial Impact 50 bps 10bps Immediately accretive to financial returns and strategic positioning in New OrleansAttractive returns for shareholdersLow risk integrationDecreases size of pro forma energy exposure to 8.0% of total loans (from 8.7% at September 30, 2016)Maintains capital and
Slide 5: Compelling Financial Impact (cont'd): Illustrative Pro Forma Metrics
Compelling Financial Impact (cont’d) Illustrative Pro Forma Metrics Key Metrics 3Q16 Equity Raise (12-16-16) First NBC Transaction 3Q16 Pro Forma Total Loans (billions) $16.1 - $1.2* $17.3 Total Deposits (billions) $18.9 - $0.5 $19.4 Loans / Deposits (%) 85.1 - - 89.3 Other Liabilities (billions) $1
Slide 6: Strengthening Attractive New Orleans MSA
Strengthening Attractive New Orleans MSA Hancock/Whitney (200) Acquired Branches (9) Rank Bank Branches (#) Deposits ($ in billions) Market Share (%) 1 Capital One 44 9.3 26.0 2 Whitney Pro Forma 51 7.0 19.6 2 Whitney (pre-transaction) 44 6.5 18.0 3 JPMorgan 36 5.2 14.5 4 First NBC (pre-transaction)
Slide 7: Diversified Loan Portfolio
Diversified Loan Portfolio Category 9-30-16 ($ millions) % of Total Balance C&I (excl energy) 7,636 48% Energy 1,400 9% CRE 1,990 12% C&D 947 5% Mortgage 2,037 13% Consumer 2,061 13% Total 16,071 100% Yield on Loans 4.02% Category Current Balance ($ millions) % of Total Balance C&I (excl energy) 370
Slide 8: High Quality Loans Acquired with Limited Credit Risk
High Quality Loans Acquired with Limited Credit Risk Acquiring a portfolio of approximately $1.3 billion of loans in markets that we know well and with loan products that we already offerComprehensive, in-depth loan diligence conducted on acquired First NBC portfolioEstimated 4% loan mark on acquire
Slide 9: No Time Deposits Acquired
No Time Deposits Acquired Pro Forma* 6 Heneock Holding 9 Branches Hancock Holding Company Company seantees ore Deposit % of Total T Total Category (S mi Balance Category ($ millions) | Balance Category ‘s Balance Noninterest- 7 Noninterest- = Noninterest- = fearing bearing bearing Interest Bearing I
Slide 10: Transaction Summary
Transaction Summary Transaction is between Hancock Holding Company’s banking subsidiary Whitney Bank (“Whitney”) and First NBC Bank Holding Company’s banking subsidiary First NBC Bank (“First NBC”)First NBC balance information as of December 28, 2016Purchase of select loans, 9 First NBC branches, in
Slide 11: Strengthening Whitney's Position as a Market Leader in Greater New Orleans
December 30, 2016 Strengthening Whitney’s Position as a Market Leader in Greater New OrleansWhitney to Acquire 9 Branches and Certain Assets and Liabilities from First NBC
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