Slide 1: Second Quarter 2025 Earnings Conference Call
Second Quarter 2025 Earnings Conference Call 7/15/2025 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 $35.2 billion in Total Assets (Healthcare) $23.5 billion in Total Loans (ABL) (Trust) (Operations) $29.0 billion in Total Deposits CET1 Ratio 14.03%* TCE Ratio 9.84% $4.9 billion in Market Cap Baa3 179 221 Moody’s banking locations ATMs Long-term issuer rating; positive outlook BBB
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 125 Years
HWC Strong and Stable for 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 to return c
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: Second Quarter 2025 Highlights
Second Quarter 2025 Highlights ► Net income totaled $113.5 million, or $1.32 per diluted ($s in millions; except per share data) 2Q25 1Q25 2Q24 share, compared to $119.5 million, or $1.38 per diluted share in 1Q25 Net income $113.5 $119.5 $114.6 – 2Q25 results include a pretax charge of ($5.9) milli
Slide 9: Return to Loan Growth as Expected
Return to Loan Growth as Expected ► Loans totaled $23.5 billion, up $364 million, Line Utilization or 6% LQA 45.0% – Diverse growth realized across most commercial segments due to stronger loan demand, 41.6% 41.7% 41.3% 41.1% 41.5% 41.7% 40.9% increasing line utilization, and lower payoffs ► For 202
Slide 10: Loan Portfolio Composition Diversified and De-Risked
Loan Portfolio Composition Diversified and De-Risked ► Loan portfolio diverse across a number of Total Loans % of Total ($s in millions) Outstanding Loans Commitment segments and industries Commercial non-RE (C&I) $7,462 31.8% $13,180 ► Conservative underwriting in both type and CRE – owner 2,569 10
Slide 11: Increase in DDA Linked-Quarter
Increase in DDA Linked-Quarter ► Total deposits of $29.0 billion, down $148 million, or 2% LQA EOP Deposits Mix ($) – Noninterest-bearing DDA increased $24 million; DDA as a % of total 35,000 deposits was 37% in 2Q25, compared to 36% in 1Q25 30,000 25,000 Increase in interest-bearing transactions an
Slide 12: Asset Quality Metrics Improve
Asset Quality Metrics Improve $700 3.47% $600 3.35% 3.15% 2.81% $500 $400 2.05% $300 $200 0.36% 0.35% 0.42% 0.45% 0.40% $100 $0 2Q24 3Q24 4Q24 1Q25 2Q25 Total Loans $23,912 $23,456 $23,299 $23,098 $23,462 Total Commercial Loans 18,524 18,097 17,968 17,735 18,057 Criticized Commercial Loans 380 508 6
Slide 13: Maintained Solid Reserves
Maintained Solid Reserves ► Provision for the second quarter of 2025 of $14.9 Reserve Build / million, reflects $17.8 million of net charge-offs and a Net Charge-offs (Release) Total Provision reserve release of $2.9 million ($s in millions) 2Q25 1Q25 2Q25 1Q25 2Q25 1Q25 – Quarter-end reserve covera
Slide 14: Portfolio Reinvestment Drives Yield Increase
Portfolio Reinvestment Drives Yield Increase ► Securities portfolio* totaled $8.4 billion at 6/30/25, up $123 million linked-quarter Securities Portfolio* Mix ► 73% AFS, 27% HTM at 6/30/25 6/30/2025 $s in millions ► $478 million in notional FV hedges are designated Munis $746 on $514 million in bond
Slide 15: Continued NIM Expansion Linked-Quarter
Continued NIM Expansion Linked-Quarter ► 2Q25 NIM 3.49%, up 6 bps from 1Q25 – NIM 3.49% for the month of June 2025 3.70% ► NII (TE) of $279.5 million, up 2% compared to $272.7 0.02% 0.04% 3.50% 0.02% million in prior quarter 0.02% 3.30% − Increase in NII primarily driven by higher earning asset volu
Slide 16: Key IRR Metrics
Key IRR Metrics Loans ► Loans totaled $23.5 billion at June 30, 2025 – 41% fixed, 59% variable (includes hybrid ARMs) – 72% of variable loans tied to SOFR – 23% of variable loans tied to Wall Street Journal Prime – 5% of variable loans tied to other indices ► Approximately 4% ($518MM) of the variabl
Slide 17: Trust Fees Lead Fee Income Growth
Trust Fees Lead Fee Income Growth $120 $4.7 $0.7 $100 $0.1 $1.3 $2.3 $0.8 $80 $s in millions $60 $94.8 $98.5 $40 $20 $0 1Q25 Noninterest Service charges Bank card & Investment & Trust fees Secondary Other 2Q25 Noninterest Income on deposit accounts ATM fees annuity income mortgage Income and insuran
Slide 18: Expenses Remain Well-Controlled
Expenses Remain Well-Controlled $225 $0.6 $200 $0.4 $3.8 $5.9 $0.7 $0.7 $s in millions $175 $210.1 $216.0 $205.1 $150 $125 $100 1Q25 Noninterest Personnel Occupancy and Amortization of ORE/OFA Other (net) 2Q25 Adjusted 2Q25 2Q25 Noninterest Expense expense Equipment intangibles expenses Noninterest
Slide 19: Capital Deployed Through Growth; Shareholder Returns
Capital Deployed Through Growth; Shareholder Returns ► CET1 ratio estimated at 14.03%, down 45 bps linked- CET1 Ratio and quarter Tangible Tier 1 Risked- Total Common Equity Leverage Based Capital Risk-Based Ratio Ratio Ratio Capital Ratio ► Leverage (Tier 1) ratio estimated at 11.39%, down 16 bps J
Slide 20: 2025 Forward Guidance
2025 Forward Guidance Guidance 2Q25 FY 2025 Direction Actual Outlook (Includes impact of the acquisition of Sabal Trust Company as of 5/2/2025) Loans (EOP) No change $23.5B Expect EOP loans at 12/31/25 to be up low single digits from 12/31/24 levels Deposits (EOP) No change $29.0B Expect EOP deposit
Slide 21: Appendix and Non-GAAP Reconciliations
Appendix and Non-GAAP Reconciliations Appendix and Non-GAAP Reconciliations CHANCOCK WHITNEY
Slide 22: Summary Balance Sheet
Summary Balance Sheet ($ in millions) Change Change 2Q25 1Q25 2Q24 LQ Prior Year YTD 2025 YTD 2024 Y-o-Y EOP Balance Sheet 23,461.7 23,098.1 23,911.6 363.6 (449.9) Loans 23,461.7 23,911.6 (449.9) 7,868.0 7,695.0 7,535.8 173.0 332.2 Securities 7,868.0 7,535.8 332.2 31,965.1 31,661.2 32,056.4 303.9 (9
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 $23.9 $24 $23.6 $10 $23.2 $23.1 $23.2 $30 $29.1 $29.1 $23 $9 $8.3 $8.3 $28.9 $28.8 $8.2 $8.2 $8.2 $28.6 $22 $8 $28 $21 $7 $20 $6 $26 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3
Slide 24: ICRE Segmentation Detail and Key Metrics
ICRE Segmentation Detail and Key Metrics ► ICRE loan portfolio is diversified by asset class, Total Loans % of Total industry and geographic region ($s in millions) Outstanding Loans Commitment Multifamily $1,033 4.4% $1,048 ► ICRE 17% of total loans and includes a variety of Office 673 2.9% 693 col
Slide 25: EOP Loan Repricing and Maturity
EOP Loan Repricing and Maturity Repricing/Maturity Term (1) Rate Structure 3 months 4-12 Over 15 Total Loans Variable Fixed 1-3 Years 3-5 Years 5-15 Years ($s in millions) or less months Years (EOP) Rate Rate Commercial Non-RE $6,026 $383 $1,074 $1,231 $987 $60 $9,761 $6,215 $3,546 CRE-Owner 1,036 1
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% 6.24% $25,000 6.20% 6.16% 6.02% $20,000 6.00% 5.84% 5.86% $ in millions $15,000 5.80% $14,524 $14,474 $14,021 $13,810 $13,557 $13,771 $10,000 5.60% $5,000 5.40% $9,447 $9,438 $9,435 $9,489
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% 7.91% 8.01% 7.81% $1,400 7.07% 7.06% 7.50% 6.78% $1,200 6.00% $1,000 $ in millions $800 4.50% $600 3.00% $943 $400 $591 $621 $724 $855 $793 1.50% $200 $437 $356 $247 $291 $281 $298 $0 0
Slide 28: Maintaining a Seasoned, Stable, Diversified Deposit Base
Maintaining a Seasoned, Stable, Diversified Deposit Base ► DDA as a % of total deposits remains among best-in-class at 37% at June 30, 2025 ► Uninsured deposits (adjusted for collateralized public funds) were 38.6% at June 30, 2025, compared to 37.7% at March 31, 2025 EOP Deposits by Line of Busines
Slide 29: Strong Liquidity Position; Multiple Sources of Funding Available
Strong Liquidity Position; Multiple Sources of Funding Available ▶ Currently have approximately $19.9 billion in At June 30, 2025 Total Amount Net internal and external sources of liquidity if $ in millions Sources Used Availability needed Internal Sources Free Securities $ 4,618 $ - $ 4,618 ▶ Appro
Slide 30: Summary Income Statement
Summary Income Statement ($ in millions, except for per share data) Change Change 2Q25 1Q25 2Q24 LQ Prior Year YTD 2025 YTD 2024 Y-o-Y 279.5 272.7 273.3 6.8 6.2 Net interest income (TE) 552.2 542.3 9.9 14.9 10.5 8.7 4.4 6.2 Provision for credit losses 25.4 21.7 3.7 98.5 94.8 89.2 3.7 9.3 Noninterest
Slide 31: Income Statement Summary (as Adjusted*)
Income Statement Summary (as Adjusted*) Adjusted PPNR* Net Interest Income (TE) Net Interest Margin (TE) ($s in millions) ($s in millions) $180 $320 3.75% $166.5 $167.9 $170 $165.2 $300 3.60% $162.4 3.49% $276.3 $279.5 3.43% $156.4 $273.3 $274.5 $272.7 3.39% 3.41% $160 $280 3.45% 3.37% $150 $260 3.3
Slide 32: Current Hedge Positions
Current Hedge Positions Cash Flow (CF) Hedges ► Receive 256 bps versus paying 1-month SOFR on $1.6 billion ► Two additional hedges were added while no terminations were made during the second quarter of 2025 ► Total termination value on remaining active CF hedges is approximately ($25) million as of
Slide 33: Remain Well Capitalized Including All Unrealized Losses
Remain Well Capitalized Including All Unrealized Losses 6/30/2025 Inc. AOCI Inc. AOCI + HTM Well Capitalized As Reported* Losses (1) Losses(2) Minimum Tangible Common Equity Ratio 9.84% 9.84% 9.54% N/A Leverage (Tier 1) Ratio 11.39% 10.36% 10.05% 5.00% CET1 Ratio 14.03% 12.65% 12.24% 6.50% Tier 1 Ri
Slide 34: PPNR (TE) and Adjusted PPNR (TE) Reconciliation
PPNR (TE) and Adjusted PPNR (TE) Reconciliation Three Months Ended Six Months Ended (in thousands) 2Q25 1Q25 4Q24 3Q24 2Q24 YTD 2025 YTD 2024 Net Income (GAAP) $113,531 $119,504 $122,074 $115,572 $114,557 $233,035 $223,169 Provision for credit losses 14,925 10,462 11,912 18,564 8,723 25,387 21,691 I
Slide 35: Adjusted Efficiency Ratio
Adjusted Efficiency Ratio Three Months Ended Six Months Ended (in thousands) 2Q25 1Q25 4Q24 3Q24 2Q24 YTD 2025 YTD 2024 Net interest income $276,959 $269,905 $273,556 $271,764 $270,430 $546,864 $536,601 Noninterest income 98,524 94,791 91,209 95,895 89,174 193,315 177,025 Total GAAP revenue 375,483
Slide 36: Adjusted Earnings Per Share - Diluted
Adjusted Earnings Per Share - Diluted Three Months Ended (in thousands) 2Q25 1Q25 2Q24 Net Income (GAAP) $113,531 $119,504 $114,557 Net income allocated to participating securities (486) (521) (810) Net income available to common shareholders $113,045 $118,983 $113,747 Supplemental disclosure items,
Slide 37: Second Quarter 2025 Earnings Conference Call
Second Quarter 2025 Earnings Conference Call 7/15/2025 HANCOCK WHITNEY