Hancock Whitney Reports Third Quarter 2025 EPS of $1.49

About this update from Hancock Whitney Corporation

GULFPORT, Miss. --(BUSINESS WIRE)-- Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the third quarter of 2025. Net income for the third quarter of 2025 totaled $127.5 million , or $1.49 per diluted common share (EPS), compared to $113.5 million , or $1.32 per diluted common share, in the second quarter of 2025. The company reported net income for the third quarter of 2024 of $115.6 million , or $1.33 per diluted common share. The second quarter of 2025 included $5.9 million , or $0.05 per share, of supplemental disclosure items related to the acquisition of Sabal Trust Company . There were no supplemental disclosure items in the third quarters of 2025 and 2024. Third Quarter 2025 Highlights Net income totaled $127.5 million , or $1.49 per diluted share, compared to $113.5 million , or $1.32 per diluted share in the second quarter of 2025 Adjusted pre-provision net revenue (PPNR) totaled $175.6 million , up $7.6 million , or 5%, compared to the second quarter of 2025 Loans increased $134.8 million , or 2% linked quarter annualized (LQA) Deposits decreased $386.9 million , or 5% LQA Criticized commercial loans continued to moderate and nonaccrual loans increased ACL coverage solid at 1.45%, unchanged from prior quarter NIM 3.49%, consistent with prior quarter CET1 ratio estimated at 14.08%, up 11 bps linked-quarter; TCE ratio of 10.01%, up 17 bps linked-quarter; total risk-based capital ratio estimated at 15.91%, up 9 bps linked-quarter Efficiency ratio of 54.10%, improved 81 bps compared to prior quarter “The third quarter of 2025 results reflect another quarter of exceptionally strong performance,” said John M. Hairston , President & CEO. “We saw continued improvement in profitability and progress on our growth plan for 2025. Our ROA was a remarkable 1.46%, our efficiency ratio improved to 54.10%, and our NIM was stable at 3.49% despite a falling rate environment. Our earnings performance contributed to growth in all of our capital ratios, while we continued to deploy capital through organic balance sheet growth and repurchasing 662,500 shares of our common stock. As 2025 draws to a close, we remain committed to executing on our organic growth plan, maintaining operational efficiency, and proactively managing capital.” Loans Total loans were $23.6 billion at September 30, 2025 , up $134.8 million , or 1%, from June 30, 2025 . Loan growth was realized across commercial real estate-owner occupied loans, commercial real estate-income producing loans, and equipment finance loans, partially offset by higher loan payoffs and lower credit line utilization. Average loans totaled $23.4 billion for the third quarter of 2025, up $176.7 million , or 1%, linked-quarter. For 2025, we expect low-single digit growth both year-over-year and in the fourth quarter of 2025. Deposits Total deposits at September 30, 2025 were $28.7 billion , down $386.9 million , or 1%, from June 30, 2025 . Noninterest-bearing DDAs totaled $10.3 billion at September 30, 2025 , down $333.5 million , or 3%, from June 30, 2025 , and comprised 36% of total period-end deposits. The linked-quarter decrease in noninterest-bearing DDA was related to unfavorable seasonality, expected outflows of temporary balances, and a decrease in public fund DDA balances. Interest-bearing transaction and savings deposits totaled $11.8 billion at the end of the third quarter of 2025, up $278.0 million , or 2%, linked-quarter. This increase was due to competitive products and pricing. Compared to June 30, 2025 , retail time deposits of $3.8 billion were down $145.4 million , or 4%, driven by maturity concentration and promotional rate reductions during the third quarter of 2025. Interest-bearing public fund deposits decreased $186.0 billion , or 6%, linked-quarter, totaling $2.8 billion at September 30, 2025 . The decrease in interest-bearing public funds resulted from seasonal outflows. Average deposits for the third quarter of 2025 were $28.5 billion , down $157.8 million , or 1%, linked-quarter. Management expects 2025 period-end deposit levels to be up low-single digits from December 31, 2024 levels. Asset Quality The total allowance for credit losses (ACL) was $341.5 million at September 30, 2025 , up $1.2 million , or less than 1%, from June 30, 2025 . During the third quarter of 2025, the company recorded a provision for credit losses of $12.7 million , compared to $14.9 million in the second quarter of 2025. There were $11.4 million of net charge-offs in the third quarter of 2025, or 0.19% of average total loans on an annualized basis, compared to net charge-offs of $17.8 million , or 0.31% of average total loans in the second quarter of 2025. The ratio of ACL to period-end loans was 1.45% at September 30, 2025 , consistent with June 30, 2025 . Criticized commercial loans totaled $549.2 million , or 3.01% of total commercial loans, at September 30, 2025 , compared to $569.3 million , or 3.15% of total commercial loans, at June 30, 2025 . Nonaccrual loans totaled $113.6 million , or 0.48% of total loans, at September 30, 2025 , compared to $94.9 million , or 0.40% of total loans, at June 30, 2025 . ORE and foreclosed assets were $11.1 million at September 30, 2025 , down $15.7 million , or 59%, compared to June 30, 2025 . Net Interest Income and Net Interest Margin (NIM) Net interest income (TE) for the third quarter of 2025 was $282.3 million , an increase of $2.9 million , or 1%, from the second quarter of 2025. The net interest margin (NIM) (TE) was 3.49% in the third quarter of 2025, flat linked-quarter, as securities yields (+2 bps) and better earning assets mix and higher average loans (+2 bps), were offset by an unfavorable other borrowings volumes and rates (-4 bps). Average earning assets were $32.2 billion for the third quarter of 2025, up $132.5 million , or less than 1%, from the second quarter of 2025. Noninterest Income Noninterest income totaled $106.0 million for the third quarter of 2025, up $7.5 million , or 8%, from the second quarter of 2025. Service charges on deposits were up $1.0 million , or 4%, from the second quarter of 2025 due to higher client account activity. Bank card and ATM fees were down $0.2 million , or 1%, from the second quarter of 2025. Investment and annuity income and insurance fees were up $3.9 million , or 37%, linked-quarter, related to higher annuity sales and higher fees earned on investment trading. Trust fees were up $1.5 million , or 6% linked-quarter, due to an additional month of revenue from the acquisition of Sabal Trust Company . Fees from secondary mortgage operations totaled $3.5 million for the third quarter of 2025, down $0.7 million , or 16%, linked-quarter. Other noninterest income was $16.8 million in the third quarter of 2025, up $2.0 million , or 14%, from the second quarter of 2025. The increase was primarily due to higher syndication fees, gains on the sale of leases and SBA loans, and higher BOLI income, partially offset by lower SBIC income. Noninterest Expense & Taxes Noninterest expense totaled $212.8 million , down $3.2 million , or 1% linked-quarter. There were no supplemental disclosure items in the third quarter of 2025. The second quarter of 2025 included $5.9 million of supplemental disclosure items related to one-time expenses incurred due to the acquisition of Sabal Trust Company . Personnel expense totaled $122.0 million in the third quarter of 2025, up $5.5 million , or 5%, linked-quarter, or up $6.9 million , or 6%, linked quarter adjusted for Sabal Trust Company acquisition costs. This increase was related to hiring efforts, one additional work day, and higher incentive expenses. Net occupancy and equipment expense totaled $18.2 million in the third quarter of 2025, down $0.1 million , or 1%, from the second quarter of 2025. Amortization of intangibles totaled $2.7 million for the third quarter of 2025, up $0.2 million , or 7%, linked-quarter. Net gains on ORE and other foreclosed assets totaled $0.3 million in the third quarter of 2025, compared to a net expense of $1.2 million in the second quarter of 2025. Other expenses totaled $70.2 million in the third quarter of 2025, down $7.2 million , or 9%, linked-quarter, or down $2.8 million , or 4%, linked quarter adjusted for Sabal Trust Company acquisition costs. This decrease is primarily related to lower data processing and professional services expense. Prior quarter’s other expenses included $4.5 million of one-time expenses included in the supplemental disclosure items related to the acquisition of Sabal Trust Company . The effective income tax rate for the third quarter of 2025 was 20.5%. Capital Common stockholders’ equity at September 30, 2025 totaled $4.5 billion , up $109.1 million , or 2%, from June 30, 2025 . The tangible common equity (TCE) ratio was 10.01%, up 17 bps linked-quarter. The company’s CET1 ratio is estimated to be 14.08% at September 30, 2025 , up 11 bps linked-quarter. Total risk-based capital ratio is estimated to be 15.91% at September 30, 2025 , up 9 bps linked-quarter. During the third quarter of 2025, the company repurchased 662,500 shares of its common stock at an average price of $60.45 per share. This stock repurchase is pursuant to the company’s share buyback program (which authorized the repurchase of up to 4,306,000 shares of the company’s outstanding common stock), which expires on December 31, 2026 . Since its inception, the company has repurchased 1,762,500 shares under this share buyback program. Conference Call and Slide Presentation Management will host a conference call for analysts and investors at 3:30 p.m. Central Time on Tuesday, October 14, 2025 to review third quarter of 2025 results. A live listen-only webcast of the call will be available under the Investor Relations section of Hancock Whitney’s website at investors.hancockwhitney.com . A link to the release with additional financial tables, and a link to a slide presentation related to third quarter results are also posted as part of the webcast link. To participate in the Q&A portion of the call, dial 800-715-9871 or 646-307-1963, access code 8545141. An audio archive of the conference call will be available under the Investor Relations section of our website. A replay of the call will also be available through October 21, 2025 by dialing 800-770-2030 or 609-800-9909, access code 8545141. About Hancock Whitney Since the late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility. Hancock Whitney offices and financial centers in Mississippi , Alabama , Florida , Louisiana , and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; and mortgage services. The company also operates combined loan and deposit production offices in the greater metropolitan areas of Nashville, Tennessee , and Atlanta, Georgia . More information is available at www.hancockwhitney.com . Non-GAAP Financial Measures This news release includes non-GAAP financial measures to describe Hancock Whitney’s performance. These non-GAAP financial measures should not be considered alternatives to GAAP-basis financial statements and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. The reconciliations of those measures to GAAP measures are provided either in the financial tables or in Appendix A thereto. Consistent with the provisions of subpart 229.1400 of the Securities and Exchange Commission’s Regulation S-K, “Disclosures by Bank and Savings and Loan Registrants,” the company presents net interest income, net interest margin and efficiency ratios on a fully taxable equivalent (“TE”) basis. The TE basis adjusts for the tax-favored status of net interest income from certain loans and investments using the statutory federal tax rate to increase tax-exempt interest income to a taxable equivalent basis. The company believes this measure to be the preferred industry measurement of net interest income and it enhances comparability of net interest income arising from taxable and tax-exempt sources. The company presents certain additional non-GAAP financial measures to assist the reader with a better understanding of the company’s performance period over period, as well as to provide investors with assistance in understanding the success management has experienced in executing its strategic initiatives. The company highlights certain items that are outside of our principal business and/or are not indicative of forward-looking trends in supplemental disclosures items below our GAAP financial data and presents certain “Adjusted” ratios that exclude these disclosed items. These adjusted ratios provide management or the reader with a measure that may be more indicative of forward-looking trends in our business, as well as demonstrates the effects of significant gains or losses and changes. We define Adjusted Pre-Provision Net Revenue as net income excluding provision expense and income tax expense, plus the taxable equivalent adjustment (as defined above), less supplemental disclosure items (as defined above). Management believes that adjusted pre-provision net revenue is a useful financial measure because it enables investors and others to assess the company’s ability to generate capital to cover credit losses through a credit cycle. We define Adjusted Revenue as net interest income (te) and noninterest income less supplemental disclosure items. We define Adjusted Noninterest Expense as noninterest expense less supplemental disclosure items. We define our Efficiency Ratio as noninterest expense to total net interest income (te) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items, if applicable. Management believes adjusted revenue, adjusted noninterest expense and the efficiency ratio are useful measures as they provide a greater understanding of ongoing operations and enhance comparability with prior periods. Important Cautionary Statement about Forward-Looking Statements This release 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 performance and financial condition, balance sheet and revenue growth, the provision for credit losses, capital levels, deposits (including growth, pricing, and betas), investment portfolio, other sources of liquidity, loan growth expectations, management’s predictions about charge-offs for loans, the impact of current and future economic conditions, including the effects of declines in the real estate market, tariffs or trade wars (including reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), high unemployment, inflationary pressures, increasing insurance costs, fluctuations in interest rates, including the impact of changes in interest rates on our financial projections, models and guidance and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing, general economic business conditions in our local markets, Federal Reserve action with respect to interest rates, the effects of war or other conflicts, acts of terrorism, climate change, the impact of natural or man-made disasters, the adequacy of our enterprise risk management framework, potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings, assessments, and enforcement actions, as well as the impact of negative developments affecting the banking industry and the resulting media coverage; the potential impact of current (including Sabal Trust Company ) or future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, success of revenue-generating and cost reduction initiatives, the potential impact of third-party business combinations in our footprint on our performance and financial condition, the effectiveness of derivative financial instruments and hedging activities to manage risks, projected tax rates, increased cybersecurity risks, including potential business disruptions or financial losses, the adequacy of our internal controls over financial and non-financial reporting, the financial impact of regulatory requirements and tax reform legislation, deposit trends, credit quality trends, net interest margin trends, future expense levels, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts and expected returns. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “forecast,” “goals,” “targets,” “initiatives,” “focus,” “potentially,” “probably,” “projects,” “outlook," or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Any forward-looking statement made in this release is subject to the safe harbor protections set forth in the Private Securities Litigation Reform Act of 1995. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 , and in other periodic reports that we file with the SEC . HANCOCK WHITNEY CORPORATION FINANCIAL HIGHLIGHTS (Unaudited) Three Months Ended Nine Months Ended (dollars and common share data in thousands, except per share amounts) 9/30/2025 6/30/2025 9/30/2024 9/30/2025 9/30/2024 NET INCOME Net interest income $ 279,738 $ 276,959 $ 271,764 $ 826,602 $ 808,365 Net interest income (TE) (a) 282,309 279,455 274,457 834,475 816,716 Provision for credit losses 12,651 14,925 18,564 38,038 40,255 Noninterest income 106,001 98,524 95,895 299,316 272,920 Noninterest expense 212,753 215,979 203,839 633,791 617,577 Income tax expense 32,869 31,048 29,684 93,588 84,712 Net income $ 127,466 $ 113,531 $ 115,572 $ 360,501 $ 338,741 Supplemental disclosure items - included above, pre-tax Included in noninterest expense Sabal Trust Company acquisition expense $ — $ 5,911 $ — $ 5,911 $ — FDIC special assessment — — — — 3,800 PERIOD-END BALANCE SHEET DATA Loans $ 23,596,565 $ 23,461,750 $ 23,455,587 $ 23,596,565 $ 23,455,587 Securities 7,991,281 7,868,011 7,769,780 7,991,281 7,769,780 Earning assets 32,532,320 31,965,130 32,045,222 32,532,320 32,045,222 Total assets 35,766,407 35,212,652 35,238,107 35,766,407 35,238,107 Noninterest-bearing deposits 10,305,303 10,638,785 10,499,476 10,305,303 10,499,476 Total deposits 28,659,750 29,046,612 28,982,905 28,659,750 28,982,905 Common stockholders' equity 4,474,479 4,365,419 4,174,687 4,474,479 4,174,687 AVERAGE BALANCE SHEET DATA Loans $ 23,425,895 $ 23,249,241 $ 23,552,002 $ 23,249,212 $ 23,759,083 Securities (b) 8,383,771 8,271,777 8,218,896 8,299,542 8,210,192 Earning assets 32,213,632 32,081,140 32,263,748 32,106,914 32,452,619 Total assets 34,751,209 34,527,276 34,780,386 34,546,116 34,959,722 Noninterest-bearing deposits 10,121,707 10,317,446 10,359,390 10,200,640 10,519,199 Total deposits 28,492,076 28,649,900 28,940,163 28,630,511 29,189,160 Common stockholders' equity 4,368,746 4,284,279 4,021,211 4,279,294 3,889,265 COMMON SHARE DATA Earnings per share - diluted $ 1.49 $ 1.32 $ 1.33 $ 4.17 $ 3.88 Cash dividends per share 0.45 0.45 0.40 1.35 1.10 Book value per share (period-end) 52.82 51.15 48.47 52.82 48.47 Tangible book value per share (period-end) 41.07 39.46 38.10 41.07 38.10 Weighted average number of shares - diluted 85,453 85,943 86,560 85,977 86,650 Period-end number of shares 84,711 85,351 86,136 84,711 86,136 Market data High sales price $ 64.66 $ 58.24 $ 57.78 $ 64.66 $ 57.78 Low sales price 56.87 43.90 45.26 43.90 41.19 Period-end closing price 62.61 57.40 51.17 62.61 51.17 Trading volume 51,077 43,450 35,017 136,219 94,834 PERFORMANCE RATIOS Return on average assets 1.46 % 1.32 % 1.32 % 1.40 % 1.29 % Return on average common equity 11.58 % 10.63 % 11.43 % 11.26 % 11.63 % Return on average tangible common equity 15.00 % 13.71 % 14.70 % 14.48 % 15.12 % Tangible common equity ratio (c) 10.01 % 9.84 % 9.56 % 10.01 % 9.56 % Net interest margin (TE) 3.49 % 3.49 % 3.39 % 3.47 % 3.36 % Noninterest income as a percentage of total revenue (TE) 27.30 % 26.07 % 25.89 % 26.40 % 25.05 % Efficiency ratio (d) 54.10 % 54.91 % 54.42 % 54.73 % 55.67 % Average loan/deposit ratio 82.22 % 81.15 % 81.38 % 81.20 % 81.40 % Allowance for loan losses as a percentage of period-end loans 1.33 % 1.33 % 1.35 % 1.33 % 1.35 % Allowance for credit losses as a percentage of period-end loans (e) 1.45 % 1.45 % 1.46 % 1.45 % 1.46 % Annualized net charge-offs to average loans 0.19 % 0.31 % 0.30 % 0.23 % 0.19 % Allowance for loan losses as a % of nonaccrual loans 276.20 % 329.94 % 382.87 % 276.20 % 382.87 % FTE headcount 3,603 3,580 3,458 3,603 3,458 (a) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%. (b) Average securities does not include unrealized holding gains/losses on available for sale securities. (c) The tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets. (d) The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items noted above. (e) The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments. HANCOCK WHITNEY CORPORATION QUARTERLY FINANCIAL HIGHLIGHTS (Unaudited) Three Months Ended (dollars and common share data in thousands, except per share amounts) 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 NET INCOME Net interest income $ 279,738 $ 276,959 $ 269,905 $ 273,556 $ 271,764 Net interest income (TE) (a) 282,309 279,455 272,711 276,291 274,457 Provision for credit losses 12,651 14,925 10,462 11,912 18,564 Noninterest income 106,001 98,524 94,791 91,209 95,895 Noninterest expense 212,753 215,979 205,059 202,333 203,839 Income tax expense 32,869 31,048 29,671 28,446 29,684 Net income $ 127,466 $ 113,531 $ 119,504 $ 122,074 $ 115,572 Supplemental disclosure items - included above, pre-tax Included in noninterest expense Sabal Trust Company acquisition expense $ — $ 5,911 $ — $ — $ — PERIOD-END BALANCE SHEET DATA Loans $ 23,596,565 $ 23,461,750 $ 23,098,146 $ 23,299,447 $ 23,455,587 Securities 7,991,281 7,868,011 7,694,969 7,597,154 7,769,780 Earning assets 32,532,320 31,965,130 31,661,169 31,857,841 32,045,222 Total assets 35,766,407 35,212,652 34,750,680 35,081,785 35,238,107 Noninterest-bearing deposits 10,305,303 10,638,785 10,614,874 10,597,461 10,499,476 Total deposits 28,659,750 29,046,612 29,194,733 29,492,851 28,982,905 Common stockholders' equity 4,474,479 4,365,419 4,278,672 4,127,636 4,174,687 AVERAGE BALANCE SHEET DATA Loans $ 23,425,895 $ 23,249,241 $ 23,068,573 $ 23,248,512 $ 23,552,002 Securities (b) 8,383,771 8,271,777 8,241,514 8,257,061 8,218,896 Earning assets 32,213,632 32,081,140 32,023,885 32,333,012 32,263,748 Total assets 34,751,209 34,527,276 34,355,515 34,770,663 34,780,386 Noninterest-bearing deposits 10,121,707 10,317,446 10,163,221 10,409,022 10,359,390 Total deposits 28,492,076 28,649,900 28,752,416 29,108,381 28,940,163 Common stockholders' equity 4,368,746 4,284,279 4,182,814 4,138,326 4,021,211 COMMON SHARE DATA Earnings per share - diluted $ 1.49 $ 1.32 $ 1.38 $ 1.40 $ 1.33 Cash dividends per share 0.45 0.45 0.45 0.40 0.40 Book value per share (period-end) 52.82 51.15 49.73 47.93 48.47 Tangible book value per share (period-end) 41.07 39.46 39.40 37.58 38.10 Weighted average number of shares - diluted 85,453 85,943 86,462 86,602 86,560 Period-end number of shares 84,711 85,351 86,033 86,124 86,136 Market data High sales price $ 64.66 $ 58.24 $ 61.57 $ 62.40 $ 57.78 Low sales price 56.87 43.90 49.46 48.36 45.26 Period-end closing price 62.61 57.40 52.45 54.72 51.17 Trading volume 51,077 43,450 41,692 32,670 35,017 PERFORMANCE RATIOS Return on average assets 1.46 % 1.32 % 1.41 % 1.40 % 1.32 % Return on average common equity 11.58 % 10.63 % 11.59 % 11.74 % 11.43 % Return on average tangible common equity 15.00 % 13.71 % 14.72 % 14.96 % 14.70 % Tangible common equity ratio (c) 10.01 % 9.84 % 10.01 % 9.47 % 9.56 % Net interest margin (TE) 3.49 % 3.49 % 3.43 % 3.41 % 3.39 % Noninterest income as a percentage of total revenue (TE) 27.30 % 26.07 % 25.79 % 24.82 % 25.89 % Efficiency ratio (d) 54.10 % 54.91 % 55.22 % 54.46 % 54.42 % Average loan/deposit ratio 82.22 % 81.15 % 80.23 % 79.87 % 81.38 % Allowance for loan losses as a percentage of period-end loans 1.33 % 1.33 % 1.38 % 1.37 % 1.35 % Allowance for credit losses as a percentage of period-end loans (e) 1.45 % 1.45 % 1.49 % 1.47 % 1.46 % Annualized net charge-offs to average loans 0.19 % 0.31 % 0.18 % 0.20 % 0.30 % Allowance for loan losses as a % of nonaccrual loans 276.20 % 329.94 % 305.26 % 327.61 % 382.87 % FTE headcount 3,603 3,580 3,497 3,476 3,458 (a) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%. (b) Average securities does not include unrealized holding gains/losses on available for sale securities. (c) The tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets. (d) The efficiency ratio is noninterest expense to total net interest income (TE) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosures noted above. (e) The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments. View source version on businesswire.com : https://www.businesswire.com/news/home/20251014860349/en/ For more information Kathryn Shrout Mistich , VP, Investor Relations Manager 504.539.7836 or [email protected] Source: Hancock Whitney Corporation

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