Hancock Whitney Corporation · NASDAQ:HWC
Hancock Whitney — Hancock Holding — Keefe, Bruyette & Woods Bank Conference 2012
22 slides from Hancock Whitney's conference presentation, Mar 1, 2012
Slide 1: Keefe, Bruyette & Woods Bank Conference
Keefe, Bruyette & Woods Keefe, Bruyette & Woods Bank Conference Bank Conference March 1, 2012 March 1, 2012
Slide 2: Carl J. Chaney, President & CEO
Carl J. Chaney President & CEO Carl J. Chaney President & CEO
Slide 3: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements During this presentation we may make forward-looking statements. During this presentation we may make forward-looking statements. Forward-looking statements provide projections of results of operations or of financial condition or state other for
Slide 4: Premier Gulf South Financial Services Franchise
aenliaer Premier Gulf South Financial Services Franchise HOLDING Company * Diversified footprint across the Gulf South — ~300 branches — ~400 ATMs ¢ 2 well-known Gulf Coast brands — Hancock Bank (MS, AL, FL)* — Whitney Bank (LA, TX)* ¢ Leading market share in key MSAs * Loyal customer base and attra
Slide 5: Whitney Integration On Track
Whitney Integration On Track As of December 31, 2011 • Integration remains on track • Core systems conversion scheduled for March 16, 2012 • Branches switching to Hancock Bank in MS, AL, FL; Whitney Bank in LA, TX – Closing 30 branches • Exceptional customer loyalty
Slide 6: Merger Costs & Cost Synergies
Merger Costs & Cost Synergies § Merger-related expenses expected to total less than $125 million § $87 million of merger costs incurred to-date § Remain confident in meeting total projected annual cost savings of $134 million by the beginning of 2013 § Realized 63% of total annualized savings compar
Slide 7: Retaining Legacy Business; Generating New Business
Retaining Legacy Business; Generating New Business • Total loans $11.2B • Increase of $75 million, or 1%, linked-quarter – Loans increased $125 million linked-quarter after adjusting for the $50 million decline in the FDIC covered Peoples First portfolio – Growth in C&I, residential mortgage and con
Slide 8: Strong Core Deposit Funding
Strong Core Deposit Funding • Total deposits $15.7B • Increase of $421 million, or 3%, linked-quarter – Reflects year-end seasonality of both commercial and public fund customers – Historically both banks build deposits at year-end with some deposit runoff in the first quarter • Funding mix remained
Slide 9: Well-Capitalized Institution
Well-Capitalized Institution Ø Total equity $2.4 billion at December 31, 2011 Ø TCE ratio 7.96%, down from 8.56% at September 30, 2011 – Approximately half of the decline related to actuarial losses arising from normal year end retirement plan revaluations – Changes in goodwill reflect updated purch
Slide 10: Michael M. Achary, CFO
Michael M. Achary CFO Michael M. Achary CFO
Slide 11: Strong Net Interest Margin
Strong Net Interest Margin • 4Q11 net interest margin 4.39% up 7bps linked-quarter – Approximately 37bps of the NIM was related to net accretion of Whitney purchase accounting adjustments (24bps in 3Q11) – Accretion amounts are reevaluated quarterly – Increase in 4Q11 reflects positive performance o
Slide 12: Credit Quality Stable; Acquired Portfolio Performing Positively
Credit Quality Stable; Acquired Portfolio Performing Positively • Whitney acquired portfolio performing positively – Payoffs, paydowns and upgrades of many previously classified credits • Peoples First portfolio covered by a FDIC loss-sharing agreement • Allowance for loan losses was $125 million, u
Slide 13: Fee Income Impacted By Durbin
Fee Income Impacted By Durbin • Noninterest income totaled $61 million in 4Q11 • Impact from new interchange rates related to the Durbin amendment accounted for approximately 60% of the linked-quarter decline – When fully implemented rule will cause a further reduction in fees – Expected to cost an
Slide 14: Focused On Efficiency Targets
Focused On Efficiency Targets • Operating expense totaled $165 million in 4Q11, down $6 million linked- quarter – Reductions in personnel, marketing and ORE expense – Operating expense excludes merger costs • Merger-related expenses totaled $40.2 million in 4Q11 – Increase related to severance, mark
Slide 15: Carl J. Chaney, President & CEO
Carl J. Chaney President & CEO Carl J. Chaney President & CEO
Slide 16: Proud History of Conservative Banking
Honor & Integrity Strength & Stability Commitment to Service Teamwork Personal Responsibility Proud History of Conservative Banking n Conservative approach to banking since 1899 n Our culture defines how we run our bank ― Commitment to strong capital ― Superior asset quality ― Superior liquidity / l
Slide 17: Well Positioned For The Future
Hancock HOLDING Company > Creates dominant Gulf South leader > History of effective capital management > Superior liquidity >» Excellent asset quality and conservative culture >» Management and leadership in place > Focused on integration >» Enhanced earnings potential > Well positioned for future g
Slide 18: Keefe, Bruyette & Woods Bank Conference
Keefe, Bruyette & Woods Keefe, Bruyette & Woods Bank Conference Bank Conference March 1, 2012 March 1, 2012
Slide 19: rig
rig Hancock HOLDING COMPANY Buipinc “ ZB 7
Slide 20: 4Q11 Earnings Summary
4Q11 Earnings Summary ($s in millions; except per share data) 4Q11 3Q11 Operating Income* $45.1 $45.2 Operating E.P.S. (diluted)* $.53 $.53 Return on Assets (operating)* 0.93% 0.92% Merger Costs $40.2 $22.8 Net Income $19.0 $30.4 Earnings Per Share (diluted) $.22 $.36 Pre-Tax, Pre-Provision Income*
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-GAAP Reconciliation
Slide 22: Investor Contacts
Investor Contacts Investor Contacts Carl J. Chaney - President & CEO carl_chaney@hancockbank.com Trisha Voltz Carlson - SVP, Investor Relations trisha_carlson@hancockbank.com Hancock Holding Company P.O. Box 4019, Gulfport, MS 39502 Phone: 228.868.4000 or 1.800.522.6542 www.hancockbank.com or www.wh
Hancock Holding — Keefe, Bruyette & Woods Bank Conference 2012 on 6ix