Hancock Whitney Corporation · NASDAQ:HWC
Hancock Whitney — Non-Deal Roadshow (September 2021)
13 slides from Hancock Whitney's roadshow presentation, Sep 1, 2021
Slide 1: Mid-3Q21 Investor Meetings
Mid-3Q21 Investor Meetings 9/1/2021 HNCOCK WHITNEY
Slide 2: 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 may make include statements regarding our expectations of our perf
Slide 3: Hurricane Ida Update
Hurricane Ida Update Hurricane Ida made landfall in Southeast Louisiana on August 29th as a Category 4 hurricane 80 banking locations and 113 ATMs are located in the hurricane impacted areas Many SE Louisiana financial centers and ATMs remain closed or offline due to infrastructure issues and power
Slide 4: Hurricane Ida Update
Hurricane Ida Update Reinforced with technological and structural enhancements the company has implemented since Hurricane Katrina, our corporate headquarters in Gulfport MS, technology center and operations centers opened without storm damage Power assessment in impacted areas is on-going with rest
Slide 5: Second Quarter 2021 Highlights
Second Quarter 2021 Highlights Net income totaled $88.7 million, or $1.00 per diluted share, down $18.5 million, or $0.21 per share, compared to 1Q21 Results include $42.2 million, or $0.37 per share, of net nonoperating items EPS (excluding the impact of nonoperating items) $1.37 Pre-provision net
Slide 6: Second Quarter Growth Impacted By Several Factors
Loans totaled $21.1 billion, down $516.3 million, net, linked-quarter $1.033 billion in PPP loan forgiveness $104.9 million in new PPP loan origination $411.8 million in core loan growth, or 9% LQA Quarterly core loan growth (excl PPP) impacted by: Fewer payoffs and paydowns in 2Q21 Stabilization of
Slide 7: Paycheck Protection Program (PPP) Loans
Paycheck Protection Program (PPP) Loans Under the original and extended Paycheck Protection Program (PPP), the company has originated more than 20,000 loans totaling $3.3 billion During 2Q21, $1.033 billion in PPP loans were forgiven and $104.9 million in PPP loans were originated under the extended
Slide 8: NIM Compression; Flat Net Interest Income
Net interest margin (NIM) at 2.96%, down 13 bps LQ; net interest income (TE) was flat linked quarter NIM Headwinds: Impact of lower rates PPP forgiveness Continued elevated excess liquidity NIM Tailwinds: Deployment of excess liquidity into loans Sub-debt redemption Proactive deposit pricing helped
Slide 9: Increased Economic Activity Drives Improvement in Fee Income
Increased Economic Activity Drives Improvement in Fee Income Noninterest income totaled $94.3 million, up $7.2 million, or 8% linked-quarter; included in total noninterest income is $2.8 million gain from sale of Mastercard Class B common stock (nonoperating items) Operating income (excluding nonope
Slide 10: Solid Capital, TCE Up bps Linked-Quarter
Solid Capital, TCE Up 44 bps Linked-Quarter TCE ratio 7.70%, up 44 bps LQ Tangible net earnings +27 bps Change in OCI +22 bps Stock Compensation and other +2 bps Dividends -7 bps Decrease of 66 bps in total risk-based capital mostly related to redemption of 2015 subdebt CET1 ratio estimated at 10.98
Slide 11: Near Term Outlook
Near Term Outlook Q2 2021 Actual Items to note Q3 2021 Outlook FY 2021 Outlook Core Loans (EOP) (excl PPP loans) * $19.7 billion (excl PPP loans) Core loans up $412 million; PPP loans down $928 million, net LQ Expect EOP core loans to be up $200 to $300 million linked-quarter Expect EOP core loans t
Slide 12: Total Revenue (TE), Operating PPNR (TE) Reconciliations
Total Revenue (TE), Operating PPNR (TE) Reconciliations Three Months Ended (in thousands) 6/30/2021 3/31/2021 12/31/2020 9/30/2020 6/30/2020 Net interest income $234,643 $234,587 $238,286 $235,183 $237,866 Noninterest income 94,272 87,089 82,350 83,748 73,943 Total revenue $328,915 $321,676 $320,636
Slide 13: Mid-3Q21 Investor Meetings
Mid-3Q21 Investor Meetings 9/1/2021 HNCOCK WHITNEY