Hancock Whitney Corporation · NASDAQ:HWC
Hancock Whitney — Merger or Acquisition (April 2019)
7 slides from Hancock Whitney's merger presentation, Apr 30, 2019
Slide 1: Hancock Whitney to Acquire MidSouth Bancorp, Inc.
Hancock Whitney to Acquire MidSouth Bancorp, Inc. An in-market, low risk, high return transaction April 30, 2019 Exhibit 99.2
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: Transaction Highlights
Transaction Highlights In-market, strategic transaction with significant cost save opportunities $1.7 billion asset bank headquartered in Lafayette, LA Provides opportunity to enhance share in existing markets Provides low cost / low risk entry into Dallas and northern Louisiana markets Low risk int
Slide 4: Enhances Position in Existing Markets and Provides Future Opportunities In New Ones
Enhances Position in Existing Markets and Provides Future Opportunities In New Ones MidSouth locations Hancock Whitney locations
Slide 5: An In-market, Low Risk, High Return Transaction
An In-market, Low Risk, High Return Transaction Fixed conversion ratio of 0.2952 per MidSouth common share Implied value of $12.75 per share based on the merger agreement, or approximately $213MM in aggregate value on that basis 100% stock-for-stock 1.4x adjusted tangible book (projected at closing)
Slide 6: Building Scale Through A Low-Risk Transaction
Building Scale Through A Low-Risk Transaction Key Metrics Hancock Whitney 1Q19 MidSouth 1Q19 1Q19 Pro forma Total Assets (billions) $28.5 $1.7 $30.2 Total Loans (billions) $20.1 $0.9 $21.0 Total Deposits (billions) $23.4 $1.4 $24.8 Loans / Deposits 86% 62% 84% Tang. Common Equity(1) 8.36% 8.37% 8.32
Slide 7: Hancock Whitney to Acquire MidSouth Bancorp, Inc.
Hancock Whitney to Acquire MidSouth Bancorp, Inc. An in-market, low risk, high return transaction April 30, 2019