Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

________________

FORM 8-K

________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 16, 2024

________________

     
HANCOCK WHITNEY CORPORATION

    (Exact Name of Registrant as Specified in Charter)
________________

     
Mississippi

    001-36872

    64-0693170

    (State or Other Jurisdiction
of Incorporation)

    (Commission File Number)

    (IRS Employer
Identification No.)

     
Hancock Whitney Plaza
2510 14th Street
Gulfport, Mississippi
(Address of Principal Executive Offices)

    39501
(Zip Code)

     
Registrant’s telephone number, including area code: (228) 868-4000

     
Securities registered pursuant to Section 12(b) of the Act:

    Title of Each Class
COMMON STOCK, $3.33 PAR VALUE
6.25% SUBORDINATED NOTES
     
    Trading Symbol
HWC
HWCPZ
     
    Name of Exchange on Which Registered
The NASDAQ Stock Market, LLC
The NASDAQ Stock Market, LLC

     
__________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Item 2.02 Results of Operations and Financial Condition.

On January 16, 2024, Hancock Whitney Corporation (the “Company”) announced financial results for its fourth quarter ended December 31, 2023. A copy of this press release and the accompanying financial statements are attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 2.02. The press release is available on the Company’s website.

The information provided in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Item 7.01 Regulation FD Disclosure.

On January 16, 2024 at 3:30 p.m. (Central Time), the Company intends to hold an investor call and webcast to discuss financial results for the quarter ended December 31, 2023, including the press release. Additional presentation materials relating to such call are furnished hereto as Exhibit 99.2 and are, along with the press release and financial statements, incorporated herein by reference. All information in the press release and presentation materials speak as of the date thereof and the Company does not assume any obligation to update said information in the future. In addition, the Company disclaims any inferences regarding the materiality of such information which otherwise may arise as a result of it furnishing such information under Item 2.02 or Item 7.01 of this Form 8-K.

In accordance with the General Instruction B.2 of Form 8-K, the information presented herein pursuant to Item 2.02, “Results of Operations,” and Item 7.01, “Regulation FD,” shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall the information be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Exhibit Number	Description
99.1	Press Release dated January 16, 2024 for Quarter Ended December 31, 2023.
99.2	Presentation Slides dated January 16, 2024 (furnished with the Commission as part of this Form 8-K).
104	Cover Page Interactive Data File (embedded within the inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


		HANCOCK WHITNEY CORPORATION


January 16, 2024	By:	/s/ Michael M. Achary
		Michael M. Achary
		Chief Financial Officer

Exhibit 99.1

     
FOR IMMEDIATE RELEASE
January 16, 2024

For more information

Kathryn Shrout Mistich, VP, Investor Relations Manager

504.539.7836 or kathryn.mistich@hancockwhitney.com

Hancock Whitney reports fourth quarter 2023 EPS of $0.58

GULFPORT, Miss. (January 16, 2024) — Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the fourth quarter of 2023. Net income for the fourth quarter of 2023 totaled $50.6 million, or $0.58 per diluted common share (EPS), compared to $97.7 million, or $1.12 per diluted common share, in the third quarter of 2023. The fourth quarter of 2023 included a net charge of $75.4 million, or $0.68 per diluted share after-tax, of supplemental disclosure items, related to a loss on the securities portfolio restructuring, sale of a parking facility, and FDIC Special Assessment. Excluding the impact of these supplemental disclosure items, EPS would be $1.26, up $0.14 linked-quarter. The company reported net income for the fourth quarter of 2022 of $143.8 million, or $1.65 per diluted common share. There were no supplemental disclosure items in the fourth quarter of 2022.

Fourth Quarter 2023 Highlights

•

Net income totaled $50.6 million, compared to $97.7 million in prior quarter

•

Adjusted pre-provision net revenue (PPNR) totaled $157.5 million, up $4.1 million, or 3% linked-quarter

•

Loans declined $61.8 million, or 1% LQA

•

Deposits decreased $630.3 million, or 8% LQA, primarily due to maturity of $567.5 million in brokered deposits

•

Criticized commercial loans and nonaccrual loans remain at low levels

•

ACL coverage remained solid at 1.41%, up 1 bp compared to prior quarter

•

NIM stable at 3.27%, compared to 3Q23

•

CET1 ratio estimated at 12.39%, up 33 bps linked-quarter; TCE ratio 8.37%, up 103 bps linked-quarter

•

Efficiency ratio 55.58%

“Fourth quarter’s results reflect a strong finish to 2023,” said John M. Hairston, President & CEO. “We are pleased to report that our adjusted PPNR increased 3% linked-quarter, our efficiency ratio improved to 55.58%, and our NIM was flat with prior quarter. Excluding the supplemental disclosure items, we achieved fee income growth while reducing expenses. NIM was supported by improved loan yields, lower short-term borrowing costs, and the impacts of the bond portfolio restructure. Total loans were relatively flat this quarter and deposit balances declined as higher-cost brokered deposits

matured. As we previously disclosed, our charge-offs have begun to normalize, but we do not see any broad signs of weakening and our problem credit metrics remain at, or near, historically low levels. We maintained a robust ACL to loans of 1.41% and we continued to grow capital this quarter. We ended the quarter with TCE above 8% and total risk-based capital at 14%; we remain well-capitalized, including all unrealized losses in our portfolio. We are looking forward to carrying the momentum from the strong year-end finish into 2024, not only for our company, but for our clients, associates, and communities we serve.”

Loans

Total loans were $23.9 billion at December 31, 2023, down $61.8 million, or less than 1%, from September 30, 2023. One-time close products drove the increase in mortgage loans, which convert from construction to mortgages upon construction completion.

Average loans totaled $23.8 billion for the fourth quarter of 2023, virtually unchanged linked-quarter. Management expects 2024 period-end loan growth to be low single digits from year-end 2023, mostly in the second half of 2024.

Deposits

Total deposits at December 31, 2023 were $29.7 billion, down $630.3 million, or 2%, from September 30, 2023. The linked-quarter decline in deposits was driven primarily by brokered deposit maturities. Additionally, there was an increase in retail time deposits related to a continued mix shift from DDA deposits and an increase in interest-bearing public funds due to year-end seasonality, offset by a decrease in noninterest bearing DDAs. Interest-bearing transaction and savings remain mostly stable due to competitive rates offered.

DDAs totaled $11.0 billion at December 31, 2023, down $595.9 million, or 5%, from September 30, 2023 and comprised 37% of total period-end deposits. Interest-bearing transaction and savings deposits totaled $10.7 billion at the end of the fourth quarter of 2023, virtually unchanged linked-quarter. Compared to September 30, 2023, retail time deposits of $4.3 billion were up $251.6 million, or 6%, and brokered deposits were $589.8 million, down $567.5 million, or 49%, compared to the prior quarter. Interest-bearing public fund deposits increased $289.8 million, or 10%, linked-quarter, ending December 31, 2023 at $3.1 billion.

Average deposits for the fourth quarter of 2023 were $30.0 billion, up $217.8 million, or 1%, linked-quarter. Management expects 2024 period-end deposit level growth to be low single digits, compared to year-end 2023.

Asset Quality

The total allowance for credit losses (ACL) was $336.8 million at December 31, 2023, up $0.9 million, or less than 1%, from September 30, 2023. During the fourth quarter of 2023, the company recorded a provision for credit losses of $17.0 million, compared to a provision for credit losses of $28.5 million in the third quarter of 2023. There were $16.1 million of net charge-offs in the fourth quarter of 2023, or 0.27% of average total loans on an annualized basis, compared to net charge-offs of $38.3 million, or 0.64% of average total loans in the third quarter of 2023. The ratio of ACL to period-end loans was 1.41% at December 31, 2023, compared to 1.40% at September 30, 2023.

Criticized commercial loans and nonaccrual loans remained at low levels at December 31, 2023. Criticized commercial loans totaled $273.7 million, or 1.47% of total commercial loans, at December 31, 2023, compared to $275.1 million, or 1.46% of total commercial loans at September 30, 2023. Nonaccrual loans totaled $59.0 million, or 0.25% of total loans, at December 31, 2023, compared to $60.3 million, or 0.25% of total loans, at September 30, 2023. ORE and foreclosed assets were $3.6 million, down $0.9 million, linked-quarter.

Net Interest Income and Net Interest Margin (NIM)

Net interest income (TE) for the fourth quarter of 2023 was $272.3 million, an increase of $0.2 million, or less than 1%, from the third quarter of 2023. The net interest margin (NIM) (TE) was 3.27% in the fourth quarter of 2023, unchanged linked-quarter. A change in the mix of earning assets and loan yields (+8 bps), decreased short term borrowing costs (+6 bps) and impact from the securities portfolio restructuring (+ 3 bps) led to a 17 basis point improvement in the NIM, offset by the impact of deposit remix and rates (-17 bps). Additional NIM detail and guidance is included in the fourth quarter of 2023 earnings investor deck.

Average earning assets were $33.1 billion for the fourth quarter of 2023, virtually unchanged, from the third quarter of 2023.

Noninterest Income

Noninterest income totaled $39.0 million for the fourth quarter of 2023, down $47.0 million, or 55%, from the third quarter of 2023. Included in noninterest income were two supplemental disclosure items of a $16.1 million gain on the sale of a parking facility and a ($65.4) million loss related to the securities portfolio restructuring. There were no supplemental disclosure items related to income in the third quarter of 2023. Adjusting for these items, noninterest income for the fourth quarter of 2023 totaled $88.2 million, up $2.2 million, or 3%, linked-quarter.

Service charges on deposits were down $0.6 million, or 3%, from the third quarter of 2023. Bank card and ATM fees were up $0.2 million, or 1%, from the third quarter of 2023.

Investment and annuity income and insurance fees were up $2.6 million, or 30%, linked-quarter, related to higher activity. Trust fees were up $0.3 million, or 2% linked-quarter. Fees from secondary mortgage operations totaled $2.1 million for the fourth quarter of 2023, down $0.5 million, or 20%, linked-quarter.

Securities transactions, net was a loss of $65.4 million, relating to the securities portfolio restructuring included as a supplemental disclosure item. There were no gains or losses related to securities transactions in the third quarter of 2023. Other noninterest income was $32.0 million in the fourth quarter, compared to $15.4 million in the third quarter of 2023, impacted by the $16.1 million gain on the sale of a parking facility included as a supplemental disclosure item.

Noninterest Expense & Taxes

Noninterest expense totaled $229.2 million, up $24.5 million, or 12% linked-quarter. Included in the total was $26.1 million of a supplemental disclosure item related to the FDIC special assessment.

There were no supplemental disclosure items related to expense in the third quarter of 2023. Adjusting for this item, noninterest expense for the fourth quarter of 2023 totaled $203.0 million, down $1.6 million, or 1%, linked-quarter.

Personnel expense totaled $114.3 million in the fourth quarter of 2023, down $1.9 million, or 2%, linked-quarter. The decrease was primarily related to lower incentive expense. Net occupancy and equipment expense totaled $17.5 million in the fourth quarter of 2023, down $0.7 million, or 4%, from the third quarter of 2023. Amortization of intangibles totaled $2.7 million for the fourth quarter of 2023, down $0.1 million, or 5%, linked-quarter.

ORE and other foreclosed assets was a net gain of $0.5 million in the fourth quarter of 2023, compared to a net gain of less than $0.1 million in the third quarter of 2023.

Other expense totaled $95.1 million in the fourth quarter of 2023, up $27.7 million, or 41%, linked-quarter, impacted by the $26.1 million FDIC special assessment included as a supplemental disclosure item.

The effective income tax rate for fourth quarter 2023 was 18.8%.

Capital

Common stockholders’ equity at December 31, 2023 totaled $3.8 billion, up $302.7 million, or 9%, from September 30, 2023. The tangible common equity (TCE) ratio was 8.37%, up 103 bps linked-quarter. The company’s CET1 ratio is estimated to be 12.39% at December 31, 2023, up 33 bps linked-quarter. Total risk-based capital ratio is estimated to be 14.00% at December 31, 2023, up 37 bps linked-quarter. The company’s share buyback authorization (allowing the repurchase of up to 4,297,000 shares of the company’s outstanding common stock), is set to expire on December 31, 2024. No shares were repurchased in the fourth quarter of 2023.

Conference Call and Slide Presentation

Management will host a conference call for analysts and investors at 3:30 p.m. Central Time on Tuesday, January 16, 2024 to review fourth quarter 2023 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 fourth quarter results are also posted as part of the webcast link. To participate in the Q&A portion of the call, dial 888-210-2654 or 646-960-0278, access code 6914431.

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 January 23, 2024 by dialing 800-770-2030 or 647-362-9199, access code 6914431.

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 material 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 total revenue (te) less noninterest expense, excluding supplemental disclosures 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 our Efficiency Ratio as noninterest expense to total net interest income (te) and noninterest income, excluding amortization of purchased intangibles and supplemental disclosure items defined above. Management believes the efficiency ratio is a useful measure as it provides a greater understanding of ongoing operations and enhances comparability with prior periods.

Important Cautionary Statement about Forward-Looking Statements

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, general economic business conditions in our local markets, Federal Reserve action with respect to interest rates, the impacts related to Russia’s military action in Ukraine, the effects of the Israel-Hamas war, 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 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 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, the impact of reference rate reform, deposit trends, credit quality trends, the impact of natural or man-made disasters, the impact of current and future economic conditions, including the effects of declines in the real estate market, high unemployment, inflationary pressures, increasing insurance costs, elevated interest rates and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing, net interest margin trends, future expense levels, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts, accretion levels 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 presentation 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, 2022, Part II, “Item 1A. Risk Factors” in our Quarterly Report on Form 10-Q for the period ended March 31, 2023, and in other periodic reports that we file with the SEC.


HANCOCK WHITNEY CORPORATION
FINANCIAL HIGHLIGHTS
(Unaudited)
	Three Months Ended									Twelve Months Ended
(dollars and common share data in thousands, except per share amounts)	12/31/2023			9/30/2023			12/31/2022			12/31/2023			12/31/2022
NET INCOME
Net interest income	$	269,460		$	269,234		$	295,501		$	1,097,599		$	1,050,003
Net interest income (TE) (a)		272,294			272,086			298,116			1,108,706			1,060,351
Provision for credit losses		16,952			28,498			2,487			59,103			(28,399	)
Noninterest income		38,951			85,974			77,064			288,480			331,486
Noninterest expense		229,151			204,675			190,154			836,848			750,692
Income tax expense		11,705			24,297			36,137			97,526			135,107
Net income	$	50,603		$	97,738		$	143,787		$	392,602		$	524,089
Supplemental disclosure items - included above, pre-tax
Included in noninterest income
Gain on sale of parking facility	$	16,126		$	—		$	—		$	16,126		$	—
Loss on securities portfolio restructure		(65,380	)		—			—			(65,380	)		—
Included in noninterest expense
FDIC special assessment		26,123			—			—			26,123			—
PERIOD-END BALANCE SHEET DATA
Loans	$	23,921,917		$	23,983,679		$	23,114,046		$	23,921,917		$	23,114,046
Securities		7,599,974			7,916,101			8,408,536			7,599,974			8,408,536
Earning assets		32,175,097			32,733,591			31,873,027			32,175,097			31,873,027
Total assets		35,578,573			36,298,301			35,183,825			35,578,573			35,183,825
Noninterest-bearing deposits		11,030,515			11,626,371			13,645,113			11,030,515			13,645,113
Total deposits		29,690,059			30,320,337			29,070,349			29,690,059			29,070,349
Common stockholders' equity		3,803,661			3,501,003			3,342,628			3,803,661			3,342,628
AVERAGE BALANCE SHEET DATA
Loans	$	23,795,681		$	23,830,724		$	22,723,248		$	23,594,579		$	21,915,393
Securities (b)		8,579,444			8,888,477			9,200,511			8,901,626			9,013,133
Earning assets		33,128,130			33,137,565			32,244,681			33,160,791			32,498,213
Total assets		35,538,300			35,626,927			34,498,915			35,633,442			35,059,178
Noninterest-bearing deposits		11,132,354			11,453,236			13,854,625			11,919,234			14,298,022
Total deposits		29,974,941			29,757,180			28,816,338			29,478,481			29,497,470
Common stockholders' equity		3,560,978			3,572,487			3,228,667			3,528,911			3,405,206
COMMON SHARE DATA
Earnings per share - diluted	$	0.58		$	1.12		$	1.65		$	4.50		$	5.98
Cash dividends per share		0.30			0.30			0.27			1.20			1.08
Book value per share (period-end)		44.05			40.64			38.89			44.05			38.89
Tangible book value per share (period-end)		33.63			30.16			28.29			33.63			28.29
Weighted average number of shares - diluted		86,604			86,437			86,249			86,423			86,394
Period-end number of shares		86,345			86,148			85,941			86,345			85,941
Market data
High sales price	$	49.65		$	45.15		$	57.00		$	54.38		$	59.82
Low sales price		32.16			35.34			45.64			31.02			41.62
Period-end closing price		48.59			36.99			48.39			48.59			48.39
Trading volume		38,574			34,506			29,996			150,965			111,470
PERFORMANCE RATIOS
Return on average assets		0.56	%		1.09	%		1.65	%		1.10	%		1.49	%
Return on average common equity		5.64	%		10.85	%		17.67	%		11.13	%		15.39	%
Return on average tangible common equity		7.55	%		14.53	%		24.64	%		14.97	%		21.07	%
Tangible common equity ratio (c)		8.37	%		7.34	%		7.09	%		8.37	%		7.09	%
Net interest margin (TE)		3.27	%		3.27	%		3.68	%		3.34	%		3.26	%
Noninterest income as a percentage of total revenue (TE)		12.51	%		24.01	%		20.54	%		20.65	%		23.82	%
Efficiency ratio (d)		55.58	%		56.38	%		49.81	%		55.25	%		52.93	%
Average loan/deposit ratio		79.39	%		80.08	%		78.86	%		80.04	%		74.30	%
Allowance for loan losses as a percentage of period-end loans		1.29	%		1.28	%		1.33	%		1.29	%		1.33	%
Allowance for credit losses as a percentage of period-end loans (e)		1.41	%		1.40	%		1.48	%		1.41	%		1.48	%
Annualized net charge-offs to average loans		0.27	%		0.64	%		0.02	%		0.27	%		0.01	%
Allowance for loan losses as a % of nonaccrual loans		521.56	%		507.68	%		789.38	%		521.56	%		789.38	%
FTE headcount		3,591			3,681			3,627			3,591			3,627
(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)	12/31/2023			9/30/2023			6/30/2023			3/31/2023			12/31/2022
NET INCOME
Net interest income	$	269,460		$	269,234		$	273,911		$	284,994		$	295,501
Net interest income (TE) (a)		272,294			272,086			276,748			287,578			298,116
Provision for credit losses		16,952			28,498			7,633			6,020			2,487
Noninterest income		38,951			85,974			83,225			80,330			77,064
Noninterest expense		229,151			204,675			202,138			200,884			190,154
Income tax expense		11,705			24,297			29,571			31,953			36,137
Net income	$	50,603		$	97,738		$	117,794		$	126,467		$	143,787
Supplemental disclosure items - included above, pre-tax
Included in noninterest income
Gain on sale of parking facility	$	16,126		$	—		$	—		$	—		$	—
Loss on securities portfolio restructure		(65,380	)		—			—			—			—
Included in noninterest expense
FDIC special assessment		26,123			—			—			—			—
PERIOD-END BALANCE SHEET DATA
Loans	$	23,921,917		$	23,983,679		$	23,789,886		$	23,404,523		$	23,114,046
Securities		7,599,974			7,916,101			8,195,679			8,390,684			8,408,536
Earning assets		32,175,097			32,733,591			32,715,630			34,106,792			31,873,027
Total assets		35,578,573			36,298,301			36,210,148			37,547,083			35,183,825
Noninterest-bearing deposits		11,030,515			11,626,371			12,171,817			12,860,027			13,645,113
Total deposits		29,690,059			30,320,337			30,043,501			29,613,070			29,070,349
Common stockholders' equity		3,803,661			3,501,003			3,554,476			3,531,232			3,342,628
AVERAGE BALANCE SHEET DATA
Loans	$	23,795,681		$	23,830,724		$	23,654,994		$	23,086,529		$	22,723,248
Securities (b)		8,579,444			8,888,477			9,007,821			9,137,034			9,200,511
Earning assets		33,128,130			33,137,565			33,619,829			32,753,781			32,244,681
Total assets		35,538,300			35,626,927			36,205,396			35,159,050			34,498,915
Noninterest-bearing deposits		11,132,354			11,453,236			12,153,453			12,963,133			13,854,625
Total deposits		29,974,941			29,757,180			29,372,899			28,792,851			28,816,338
Common stockholders' equity		3,560,978			3,572,487			3,567,260			3,412,813			3,228,667
COMMON SHARE DATA
Earnings per share - diluted	$	0.58		$	1.12		$	1.35		$	1.45		$	1.65
Cash dividends per share		0.30			0.30			0.30			0.30			0.27
Book value per share (period-end)		44.05			40.64			41.27			41.03			38.89
Tangible book value per share (period-end)		33.63			30.16			30.76			30.47			28.29
Weighted average number of shares - diluted		86,604			86,437			86,370			86,282			86,249
Period-end number of shares		86,345			86,148			86,123			86,066			85,941
Market data
High sales price	$	49.65		$	45.15		$	43.73		$	54.38		$	57.00
Low sales price		32.16			35.34			31.02			34.42			45.64
Period-end closing price		48.59			36.99			38.38			36.40			48.39
Trading volume		38,574			34,506			38,854			39,030			29,996
PERFORMANCE RATIOS
Return on average assets		0.56	%		1.09	%		1.30	%		1.46	%		1.65	%
Return on average common equity		5.64	%		10.85	%		13.24	%		15.03	%		17.67	%
Return on average tangible common equity		7.55	%		14.53	%		17.76	%		20.49	%		24.64	%
Tangible common equity ratio (c)		8.37	%		7.34	%		7.50	%		7.16	%		7.09	%
Net interest margin (TE)		3.27	%		3.27	%		3.30	%		3.55	%		3.68	%
Noninterest income as a percentage of total revenue (TE)		12.51	%		24.01	%		23.21	%		21.83	%		20.54	%
Efficiency ratio (d)		55.58	%		56.38	%		55.33	%		53.76	%		49.81	%
Average loan/deposit ratio		79.39	%		80.08	%		80.53	%		80.18	%		78.86	%
Allowance for loan losses as a percentage of period-end loans		1.29	%		1.28	%		1.32	%		1.32	%		1.33	%
Allowance for credit losses as a percentage of period-end loans (e)		1.41	%		1.40	%		1.45	%		1.46	%		1.48	%
Annualized net charge-offs to average loans		0.27	%		0.64	%		0.06	%		0.10	%		0.02	%
Allowance for loan losses as a % of nonaccrual loans		521.56	%		507.68	%		402.07	%		569.31	%		789.38	%
FTE headcount		3,591			3,681			3,705			3,679			3,627
(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.


HANCOCK WHITNEY CORPORATION
INCOME STATEMENT
(Unaudited)

	Three Months Ended									Twelve Months Ended
(dollars in thousands, except per share data)	12/31/2023			9/30/2023			12/31/2022			12/31/2023			12/31/2022
NET INCOME
Interest income	$	426,794		$	415,827		$	345,676		$	1,620,497		$	1,137,063
Interest income (TE) (f)		429,628			418,679			348,291			1,631,604			1,147,411
Interest expense		157,334			146,593			50,175			522,898			87,060
Net interest income (TE)		272,294			272,086			298,116			1,108,706			1,060,351
Provision for credit losses		16,952			28,498			2,487			59,103			(28,399	)
Noninterest income		38,951			85,974			77,064			288,480			331,486
Noninterest expense		229,151			204,675			190,154			836,848			750,692
Income before income taxes		62,308			122,035			179,924			490,128			659,196
Income tax expense		11,705			24,297			36,137			97,526			135,107
Net income	$	50,603		$	97,738		$	143,787		$	392,602		$	524,089
Supplemental disclosure items - included above, pre-tax
Included in noninterest income
Gain on sale of parking facility	$	16,126		$	—		$	—		$	16,126		$	—
Loss on securities portfolio restructure		(65,380	)		—			—			(65,380	)		—
Included in noninterest expense
FDIC special assessment		26,123			—			—			26,123			—
NONINTEREST INCOME
Service charges on deposit accounts	$	21,643		$	22,264		$	22,222		$	86,020		$	87,663
Trust fees		16,845			16,593			16,496			67,565			65,132
Bank card and ATM fees		20,708			20,555			20,913			82,966			84,591
Investment and annuity fees and insurance commissions		11,086			8,520			6,832			36,714			28,752
Secondary mortgage market operations		2,083			2,609			1,504			9,159			11,524
Securities transactions, net		(65,380	)		—			—			(65,380	)		(87	)
Other income		31,966			15,433			9,097			71,436			53,911
Total noninterest income	$	38,951		$	85,974		$	77,064		$	288,480		$	331,486
NONINTEREST EXPENSE
Personnel expense	$	114,342		$	116,266		$	119,147		$	460,795		$	460,635
Net occupancy and equipment expense		17,523			18,210			16,927			70,425			67,340
Other real estate and foreclosed assets (income) expense, net		(471	)		(26	)		(773	)		(624	)		(4,407	)
Other expense		95,085			67,412			51,582			294,696			213,091
Amortization of intangibles		2,672			2,813			3,271			11,556			14,033
Total noninterest expense	$	229,151		$	204,675		$	190,154		$	836,848		$	750,692
COMMON SHARE DATA
Earnings per share:
Basic	$	0.58		$	1.12		$	1.65		$	4.51		$	6.00
Diluted		0.58			1.12			1.65			4.50			5.98

(f) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.


HANCOCK WHITNEY CORPORATION
INCOME STATEMENT
(Unaudited)

	Three Months Ended
(in thousands, except per share data)	12/31/2023			9/30/2023			6/30/2023			3/31/2023		12/31/2022
NET INCOME
Interest income	$	426,794		$	415,827		$	405,273		$	372,603	$	345,676
Interest income (TE) (f)		429,628			418,679			408,110			375,187		348,291
Interest expense		157,334			146,593			131,362			87,609		50,175
Net interest income (TE)		272,294			272,086			276,748			287,578		298,116
Provision for credit losses		16,952			28,498			7,633			6,020		2,487
Noninterest income		38,951			85,974			83,225			80,330		77,064
Noninterest expense		229,151			204,675			202,138			200,884		190,154
Income before income taxes		62,308			122,035			147,365			158,420		179,924
Income tax expense		11,705			24,297			29,571			31,953		36,137
Net income	$	50,603		$	97,738		$	117,794		$	126,467	$	143,787
Supplemental disclosure items - included above, pre-tax
Included in noninterest income
Gain on sale of parking facility	$	16,126		$	—		$	—		$	—	$	—
Loss on securities portfolio restructure		(65,380	)		—			—			—		—
Included in noninterest expense
FDIC special assessment		26,123			—			—			—		—
NONINTEREST INCOME
Service charges on deposit accounts	$	21,643		$	22,264		$	21,491		$	20,622	$	22,222
Trust fees		16,845			16,593			17,393			16,734		16,496
Bank card and ATM fees		20,708			20,555			20,982			20,721		20,913
Investment and annuity fees and insurance commissions		11,086			8,520			8,241			8,867		6,832
Secondary mortgage market operations		2,083			2,609			2,299			2,168		1,504
Securities transactions, net		(65,380	)		—			—			—		—
Other income		31,966			15,433			12,819			11,218		9,097
Total noninterest income	$	38,951		$	85,974		$	83,225		$	80,330	$	77,064
NONINTEREST EXPENSE
Personnel expense	$	114,342		$	116,266		$	114,864		$	115,323	$	119,147
Net occupancy and equipment expense		17,523			18,210			17,750			16,942		16,927
Other real estate and foreclosed assets (income) expense, net		(471	)		(26	)		(282	)		155		(773	)
Other expense		95,085			67,412			66,849			65,350		51,582
Amortization of intangibles		2,672			2,813			2,957			3,114		3,271
Total noninterest expense	$	229,151		$	204,675		$	202,138		$	200,884	$	190,154
COMMON SHARE DATA
Earnings per share:
Basic	$	0.58		$	1.12		$	1.35		$	1.45	$	1.65
Diluted		0.58			1.12			1.35			1.45		1.65

(f) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.


HANCOCK WHITNEY CORPORATION
PERIOD-END BALANCE SHEET
(Unaudited)

(dollars in thousands)	12/31/2023			9/30/2023			6/30/2023			3/31/2023			12/31/2022
ASSETS
Commercial non-real estate loans	$	9,957,284		$	10,075,585		$	10,113,932		$	10,013,482		$	10,146,453
Commercial real estate - owner occupied loans		3,093,763			3,081,327			3,058,829			3,050,748			3,033,058
Total commercial and industrial loans		13,051,047			13,156,912			13,172,761			13,064,230			13,179,511
Commercial real estate - income producing loans		3,986,943			4,027,553			3,762,428			3,758,455			3,560,991
Construction and land development loans		1,551,091			1,614,846			1,768,252			1,726,916			1,703,592
Residential mortgage loans		3,886,072			3,721,106			3,581,514			3,329,793			3,092,605
Consumer loans		1,446,764			1,463,262			1,504,931			1,525,129			1,577,347
Total loans		23,921,917			23,983,679			23,789,886			23,404,523			23,114,046
Loans held for sale		26,124			15,862			55,902			23,436			26,385
Securities		7,599,974			7,916,101			8,195,679			8,390,684			8,408,536
Short-term investments		627,082			817,949			674,163			2,288,149			324,060
Earning assets		32,175,097			32,733,591			32,715,630			34,106,792			31,873,027
Allowance for loan losses		(307,907	)		(306,291	)		(314,496	)		(309,385	)		(307,789	)
Goodwill and other intangible assets		900,090			902,762			905,575			908,533			911,646
Other assets		2,811,293			2,968,239			2,903,439			2,841,143			2,706,941
Total assets	$	35,578,573		$	36,298,301		$	36,210,148		$	37,547,083		$	35,183,825
LIABILITIES
Noninterest-bearing deposits	$	11,030,515		$	11,626,371		$	12,171,817		$	12,860,027		$	13,645,113
Interest-bearing transaction and savings deposits		10,659,970			10,668,241			10,438,820			10,660,420			10,726,686
Interest-bearing public fund deposits		3,143,015			2,853,236			2,925,432			3,086,209			3,244,225
Time deposits		4,856,559			5,172,489			4,507,432			3,006,414			1,454,325
Total interest-bearing deposits		18,659,544			18,693,966			17,871,684			16,753,043			15,425,236
Total deposits		29,690,059			30,320,337			30,043,501			29,613,070			29,070,349
Short-term borrowings		1,154,829			1,425,928			1,629,538			3,519,497			1,871,271
Long-term debt		236,317			236,279			236,241			242,115			242,077
Other liabilities		693,707			814,754			746,392			641,169			657,500
Total liabilities		31,774,912			32,797,298			32,655,672			34,015,851			31,841,197
COMMON STOCKHOLDERS' EQUITY
Common stock net of treasury and capital surplus		2,049,184			2,044,611			2,037,258			2,030,136			2,026,397
Retained earnings		2,375,604			2,351,386			2,280,004			2,188,561			2,088,413
Accumulated other comprehensive (loss)		(621,127	)		(894,994	)		(762,786	)		(687,465	)		(772,182	)
Total common stockholders' equity		3,803,661			3,501,003			3,554,476			3,531,232			3,342,628
Total liabilities & stockholders' equity	$	35,578,573		$	36,298,301		$	36,210,148		$	37,547,083		$	35,183,825
CAPITAL RATIOS
Tangible common equity	$	2,903,571		$	2,598,241		$	2,648,901		$	2,622,699		$	2,430,982
Tier 1 capital (g)		3,584,289			3,552,824			3,471,066			3,369,351			3,279,419
Common equity as a percentage of total assets		10.69	%		9.65	%		9.82	%		9.40	%		9.50	%
Tangible common equity ratio		8.37	%		7.34	%		7.50	%		7.16	%		7.09	%
Leverage (Tier 1) ratio (g)		10.10	%		10.01	%		9.64	%		9.63	%		9.53	%
Common equity tier 1 (CET1) ratio (g)		12.39	%		12.06	%		11.83	%		11.60	%		11.41	%
Tier 1 risk-based capital ratio (g)		12.39	%		12.06	%		11.83	%		11.60	%		11.41	%
Total risk-based capital ratio (g)		14.00	%		13.63	%		13.44	%		13.21	%		12.97	%

(g) Estimated for most recent period-end. Regulatory capital ratios reflect the election to use the five-year transition rules for the adoption of ASC 326, commonly referred to as Current Expected Credit Loss, or CECL.


HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE SHEET
(Unaudited)

	Three Months Ended									Twelve Months Ended
(in thousands)	12/31/2023			9/30/2023			12/31/2022			12/31/2023			12/31/2022
ASSETS
Commercial non-real estate loans	$	9,880,704		$	10,057,941		$	9,932,218		$	9,958,680		$	9,722,977
Commercial real estate - owner occupied loans		3,087,301			3,060,659			3,037,534			3,073,050			2,953,991
Total commercial and industrial loans		12,968,005			13,118,600			12,969,752			13,031,730			12,676,968
Commercial real estate - income producing loans		3,965,280			3,822,711			3,590,060			3,809,437			3,582,370
Construction and land development loans		1,615,599			1,737,658			1,618,684			1,715,008			1,422,994
Residential mortgage loans		3,803,702			3,669,922			2,968,876			3,541,245			2,666,134
Consumer loans		1,443,095			1,481,833			1,575,876			1,497,159			1,566,927
Total loans		23,795,681			23,830,724			22,723,248			23,594,579			21,915,393
Loans held for sale		12,347			43,390			24,825			25,972			42,973
Securities (h)		8,579,444			8,888,477			9,200,511			8,901,626			9,013,133
Short-term investments		740,658			374,974			296,097			638,614			1,526,714
Earning assets		33,128,130			33,137,565			32,244,681			33,160,791			32,498,213
Allowance for loan losses		(307,434	)		(315,371	)		(307,403	)		(310,910	)		(317,402	)
Goodwill and other intangible assets		901,377			904,127			913,223			905,610			918,376
Other assets		1,816,227			1,900,606			1,648,414			1,877,951			1,959,991
Total assets	$	35,538,300		$	35,626,927		$	34,498,915		$	35,633,442		$	35,059,178
LIABILITIES AND COMMON STOCKHOLDERS' EQUITY
Noninterest-bearing deposits	$	11,132,354		$	11,453,236		$	13,854,625		$	11,919,234		$	14,298,022
Interest-bearing transaction and savings deposits		10,681,936			10,583,224			10,810,751			10,598,553			11,201,094
Interest-bearing public fund deposits		2,896,317			2,851,965			2,972,985			2,971,603			2,941,876
Time deposits		5,264,334			4,868,755			1,177,977			3,989,091			1,056,478
Total interest-bearing deposits		18,842,587			18,303,944			14,961,713			17,559,247			15,199,448
Total deposits		29,974,941			29,757,180			28,816,338			29,478,481			29,497,470
Short-term borrowings		993,810			1,311,049			1,575,826			1,693,433			1,358,687
Long-term debt		236,298			236,260			236,674			239,141			239,282
Other liabilities		772,273			749,951			641,410			693,476			558,533
Common stockholders' equity		3,560,978			3,572,487			3,228,667			3,528,911			3,405,206
Total liabilities & stockholders' equity	$	35,538,300		$	35,626,927		$	34,498,915		$	35,633,442		$	35,059,178

(h) Average securities does not include unrealized holding gains/losses on available for sale securities.


HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY
(Unaudited)

	Three Months Ended
	12/31/2023							9/30/2023							12/31/2022
(dollars in millions)	Average Balance		Interest		Rate			Average Balance		Interest		Rate			Average Balance		Interest			Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i)	$	18,548.9	$	297.6		6.37	%	$	18,679.0	$	294.1		6.25	%	$	18,178.5	$	240.6			5.25	%
Residential mortgage loans		3,803.7		35.2		3.70	%		3,669.9		33.7		3.67	%		2,968.9		25.6			3.45	%
Consumer loans		1,443.1		31.9		8.79	%		1,481.8		32.2		8.61	%		1,575.9		27.2			6.86	%
Loan fees & late charges		—		1.4		0.00	%		—		0.3		0.00	%		—		(0.2	)		0.00	%
Total loans (TE) (j) (k)		23,795.7		366.1		6.11	%		23,830.7		360.3		6.01	%		22,723.3		293.2			5.12	%
Loans held for sale		12.3		0.3		8.52	%		43.4		0.8		7.30	%		24.8		0.3			4.53	%
US Treasury and government agency securities		654.1		5.2		3.18	%		535.3		3.4		2.52	%		500.3		2.9			2.32	%
CMOs and mortgage backed securities		7,031.9		41.2		2.34	%		7,450.5		42.7		2.29	%		7,769.1		42.8			2.20	%
Municipals (TE)		870.0		6.5		2.97	%		879.2		6.5		2.98	%		907.5		6.8			2.97	%
Other securities		23.4		0.2		3.51	%		23.5		0.2		3.51	%		23.6		0.2			3.50	%
Total securities (TE) (l)		8,579.4		53.1		2.47	%		8,888.5		52.8		2.37	%		9,200.5		52.7			2.29	%
Total short-term investments		740.7		10.1		5.43	%		375.0		4.8		5.08	%		296.1		2.1			2.88	%
Average earning assets yield (TE)	$	33,128.1	$	429.6		5.16	%	$	33,137.6	$	418.7		5.02	%	$	32,244.7	$	348.3			4.29	%
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits	$	10,681.9	$	56.9		2.11	%	$	10,583.2	$	51.4		1.93	%	$	10,810.7	$	14.6			0.53	%
Time deposits		5,264.3		62.4		4.71	%		4,868.7		53.8		4.38	%		1,178.0		3.2			1.09	%
Public funds		2,896.3		26.8		3.68	%		2,852.0		25.6		3.57	%		2,973.0		18.2			2.43	%
Total interest-bearing deposits		18,842.5		146.1		3.08	%		18,303.9		130.8		2.84	%		14,961.7		36.0			0.96	%
Short-term borrowings		993.8		8.1		3.24	%		1,311.0		12.7		3.85	%		1,575.8		11.1			2.79	%
Long-term debt		236.3		3.1		5.19	%		236.3		3.1		5.19	%		236.7		3.1			5.21	%
Total borrowings		1,230.1		11.2		3.62	%		1,547.3		15.8		4.06	%		1,812.5		14.2			3.10	%
Total interest-bearing liabilities cost		20,072.6		157.3		3.11	%		19,851.2		146.6		2.93	%		16,774.2		50.2			1.19	%
Net interest-free funding sources		13,055.5							13,286.4							15,470.5
Total cost of funds		33,128.1		157.3		1.88	%		33,137.6		146.6		1.76	%		32,244.7		50.2			0.62	%
Net Interest Spread (TE)			$	272.3		2.05	%			$	272.1		2.09	%			$	298.1			3.11	%
Net Interest Margin (TE)	$	33,128.1	$	272.3		3.27	%	$	33,137.6	$	272.1		3.27	%	$	32,244.7	$	298.1			3.68	%

(i) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(j) Includes nonaccrual loans.
(k) Included in interest income is net purchase accounting accretion of $0.4 million, $0.6 million and $0.8 million for the three months ended December 31, 2023, September 30, 2023, and December 31, 2022, respectively.
(l) Average securities does not include unrealized holding gains/losses on available for sale securities.


HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY
(Unaudited)

	Twelve Months Ended
	12/31/2023							12/31/2022
(dollars in millions)	Average Balance		Interest		Rate			Average Balance		Interest		Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i)	$	18,556.2	$	1,131.8		6.10	%	$	17,682.3	$	759.9		4.30	%
Residential mortgage loans		3,541.2		128.3		3.62	%		2,666.1		90.3		3.39	%
Consumer loans		1,497.2		124.0		8.28	%		1,567.0		88.4		5.64	%
Loan fees & late charges		—		1.3		0.00	%		—		7.4		0.00	%
Total loans (TE) (j) (k)		23,594.6		1,385.4		5.87	%		21,915.4		946.0		4.32	%
Loans held for sale		26.0		1.7		6.63	%		43.0		1.8		4.22	%
US Treasury and government agency securities		567.2		15.3		2.70	%		426.7		8.3		1.95	%
CMOs and mortgage backed securities		7,423.9		170.4		2.30	%		7,652.1		154.5		2.02	%
Municipals (TE)		887.0		26.5		2.98	%		912.0		27.0		2.96	%
Other securities		23.5		0.8		3.51	%		22.3		0.8		3.42	%
Total securities (TE) (l)		8,901.6		213.0		2.39	%		9,013.1		190.6		2.11	%
Total short-term investments		638.6		31.5		4.93	%		1,526.7		9.0		0.59	%
Average earning assets yield (TE)	$	33,160.8	$	1,631.6		4.92	%	$	32,498.2	$	1,147.4		3.53	%
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits	$	10,598.6	$	176.9		1.67	%	$	11,201.1	$	21.2		0.19	%
Time deposits		3,989.1		166.5		4.17	%		1,056.4		4.7		0.44	%
Public funds		2,971.6		100.5		3.38	%		2,941.9		32.5		1.10	%
Total interest-bearing deposits		17,559.3		443.9		2.53	%		15,199.4		58.4		0.38	%
Short-term borrowings		1,693.4		66.7		3.94	%		1,358.7		16.2		1.19	%
Long-term debt		239.1		12.3		5.15	%		239.3		12.4		5.19	%
Total borrowings		1,932.5		79.0		4.09	%		1,598.0		28.6		1.79	%
Total interest-bearing liabilities cost		19,491.8		522.9		2.68	%		16,797.4		87.0		0.52	%
Net interest-free funding sources		13,669.0							15,700.8
Total cost of funds		33,160.8		522.9		1.58	%		32,498.2		87.0		0.27	%
Net Interest Spread (TE)			$	1,108.7		2.24	%			$	1,060.4		3.01	%
Net Interest Margin (TE)	$	33,160.8	$	1,108.7		3.34	%	$	32,498.2	$	1,060.4		3.26	%

(i) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(j) Includes nonaccrual loans.
(k) Included in interest income is net purchase accounting accretion of $2.4 million and $4.7 million for the twelve months ended December 31, 2023 and 2022, respectively.
(l) Average securities does not include unrealized holding gains/losses on available for sale securities.


HANCOCK WHITNEY CORPORATION
ASSET QUALITY INFORMATION
(Unaudited)

	Three Months Ended									Twelve Months Ended
(dollars in thousands)	12/31/2023			9/30/2023			12/31/2022			12/31/2023			12/31/2022
Nonaccrual loans (m)	$	59,036		$	60,331		$	38,991		$	59,036		$	38,991
ORE and foreclosed assets		3,628			4,527			2,017			3,628			2,017
Total nonaccrual loans + ORE and foreclosed assets	$	62,664		$	64,858		$	41,008		$	62,664		$	41,008
Nonaccrual loans as a percentage of loans		0.25	%		0.25	%		0.17	%		0.25	%		0.17	%
Nonaccrual loans + ORE and foreclosed assets as a % of loans, ORE and foreclosed assets		0.26	%		0.27	%		0.18	%		0.26	%		0.18	%
Accruing loans 90 days past due	$	9,609		$	24,170		$	4,585		$	9,609		$	4,585
Accruing loans 90 days past due as a percentage of loans		0.04	%		0.10	%		0.02	%		0.04	%		0.02	%
Modified/restructured loans - still accruing (n)
Modified loans - still accruing	$	24,448		$	28,849					$	24,448
Modified loans - still accruing as a % of loans		0.10	%		0.12	%					0.10	%
Restructured loans - still accruing							$	1,907					$	1,907
Restructured loans - still accruing as a % of loans								0.01	%					0.01	%
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for Loan Losses:
Beginning balance	$	306,291		$	314,496		$	306,116		$	307,789		$	342,065
Provision for loan losses		17,671			30,045			2,646			63,518			(32,374	)
Charge-offs		(19,601	)		(41,234	)		(4,643	)		(75,423	)		(22,590	)
Recoveries		3,546			2,984			3,670			12,023			20,688
Net charge-offs		(16,055	)		(38,250	)		(973	)		(63,400	)		(1,902	)
Ending Balance	$	307,907		$	306,291		$	307,789		$	307,907		$	307,789
Reserve for Unfunded Lending Commitments:
Beginning balance	$	29,613		$	31,160		$	33,468		$	33,309		$	29,334
Provision for losses on unfunded lending commitments		(719	)		(1,547	)		(159	)		(4,415	)		3,975
Ending balance	$	28,894		$	29,613		$	33,309		$	28,894		$	33,309
Total Allowance for Credit Losses	$	336,801		$	335,904		$	341,098		$	336,801		$	341,098
Total Provision for Credit Losses	$	16,952		$	28,498		$	2,487		$	59,103		$	(28,399	)
Allowance for loan losses as a percentage of period-end loans		1.29	%		1.28	%		1.33	%		1.29	%		1.33	%
Allowance for credit losses as a percentage of period-end loans		1.41	%		1.40	%		1.48	%		1.41	%		1.48	%
Allowance for loan losses as a % of nonaccrual loans		521.56	%		507.68	%		789.38	%		521.56	%		789.38	%
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries):
Commercial & real estate loans	$	12,747		$	35,506		$	(1,201	)	$	52,841		$	(3,896	)
Residential mortgage loans		(388	)		(383	)		(251	)		(1,223	)		(1,612	)
Consumer loans		3,696			3,127			2,425			11,782			7,410
Total net charge-offs	$	16,055		$	38,250		$	973		$	63,400		$	1,902
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans		0.27	%		0.75	%		(0.03	)%		0.28	%		(0.02	)%
Residential mortgage loans		(0.04	)%		(0.04	)%		(0.03	)%		(0.03	)%		(0.06	)%
Consumer loans		1.02	%		0.84	%		0.61	%		0.79	%		0.47	%
Total net charge-offs as a percentage of average loans		0.27	%		0.64	%		0.02	%		0.27	%		0.01	%

(m) Included in nonaccrual loans are nonaccruing modified loans to borrowers experiencing financial difficulties totaling less than $0.1 million at both December 31, 2023 and September 30, 2023, and troubled debt restructured loans totaling $2.6 million at December 31, 2022. The definition of reportable modifications/restructured loans changed for modifications made after January 1, 2023 with the adoption of ASU 2022-02. Refer to Note 1 of the September 30, 2023 Report on Form 10-Q for a discussion of this standard.

(n) Reflects the balance outstanding at December 31, 2023 and September 30, 2023 of accruing modified loans to borrowers experiencing financial difficulty since adoption of ASU 2022-02. Refer to Note 1 of the September 30, 2023 Report on Form 10Q for a discussion of this standard. December 31, 2022 reflects the outstanding balance of accruing troubled debt restructures as defined by superseded accounting guidance of ASC 310-40. Accruing loans are those where we expect to collect all amounts contractually due.


HANCOCK WHITNEY CORPORATION
ASSET QUALITY INFORMATION
(Unaudited)

	Three Months Ended
(dollars in thousands)	12/31/2023			9/30/2023			6/30/2023			3/31/2023			12/31/2022
Nonaccrual loans (m)	$	59,036		$	60,331		$	78,220		$	54,344		$	38,991
ORE and foreclosed assets		3,628			4,527			2,174			1,976			2,017
Total nonaccrual loans + ORE and foreclosed assets	$	62,664		$	64,858		$	80,394		$	56,320		$	41,008
Nonaccrual loans as a percentage of loans		0.25	%		0.25	%		0.33	%		0.23	%		0.17	%
Nonaccrual loans + ORE and foreclosed assets as a % of loans, ORE and foreclosed assets		0.26	%		0.27	%		0.34	%		0.24	%		0.18	%
Accruing loans 90 days past due	$	9,609		$	24,170		$	7,552		$	13,155		$	4,585
Accruing loans 90 days past due as a percentage of loans		0.04	%		0.10	%		0.03	%		0.06	%		0.02	%
Modified/restructured loans - still accruing (n)
Modified loans - still accruing	$	24,448		$	28,849		$	1,010		$	10
Modified loans - still accruing as a % of loans		0.10	%		0.12	%		0.00	%		0.00	%
Restructured loans - still accruing													$	1,907
Restructured loans - still accruing as a % of loans														0.01	%
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for loan losses	$	307,907		$	306,291		$	314,496		$	309,385		$	307,789
Reserve for unfunded lending commitments		28,894			29,613			31,160			32,014			33,309
Total allowance for credit losses	$	336,801		$	335,904		$	345,656		$	341,399		$	341,098
Total provision for credit losses	$	16,952		$	28,498		$	7,633		$	6,020		$	2,487
Allowance for loan losses as a percentage of period-end loans		1.29	%		1.28	%		1.32	%		1.32	%		1.33	%
Allowance for credit losses as a percentage of period-end loans		1.41	%		1.40	%		1.45	%		1.46	%		1.48	%
Allowance for loan losses as a % of nonaccrual loans		521.56	%		507.68	%		402.07	%		569.31	%		789.38	%
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries)
Commercial & real estate loans	$	12,747		$	35,506		$	1,233		$	3,355		$	(1,201	)
Residential mortgage loans		(388	)		(383	)		(291	)		(161	)		(251	)
Consumer loans		3,696			3,127			2,434			2,525			2,425
Total net charge-offs	$	16,055		$	38,250		$	3,376		$	5,719		$	973
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans		0.27	%		0.75	%		0.03	%		0.07	%		(0.03	)%
Residential mortgage loans		(0.04	)%		(0.04	)%		(0.03	)%		(0.02	)%		(0.03	)%
Consumer loans		1.02	%		0.84	%		0.64	%		0.66	%		0.61	%
Total net charge-offs as a percentage of average loans:		0.27	%		0.64	%		0.06	%		0.10	%		0.02	%
AVERAGE LOANS
Commercial & real estate loans	$	18,548,884		$	18,678,969		$	18,670,814		$	18,322,189		$	18,178,496
Residential mortgage loans		3,803,702			3,669,922			3,469,030			3,214,439			2,968,876
Consumer loans		1,443,095			1,481,833			1,515,150			1,549,901			1,575,876
Total average loans	$	23,795,681		$	23,830,724		$	23,654,994		$	23,086,529		$	22,723,248

(m) Included in nonaccrual loans are nonaccruing modified loans to borrowers experiencing financial difficulties totaling less than $0.1 million at both December 31, 2023 and September 30, 2023, $1.6 million at June 30, 2023 and March 31, 2023 and troubled debt restructured loans totaling $2.6 million at December 31, 2022. The definition of reportable modifications/restructured loans changed for modifications made after January 1, 2023 with the adoption of ASU 2022-02. Refer to Note 1 of the September 30, 2023 Report on Form 10-Q for a discussion of this standard.

(n) Reflects the balance outstanding at December 31, 2023, September 30, 2023, June 30, 2023 and March 31, 2023 of accruing modified loans to borrowers experiencing financial difficulty since adoption of ASU 2022-02. Refer to Note 1 of the September 30, 2023 Report on Form 10-Q for a discussion of this standard. December 31, 2022 reflects the outstanding balance of accruing troubled debt restructures as defined by superseded accounting guidance of ASC 310-40. Accruing loans are those where we expect to collect all amounts contractually due.


HANCOCK WHITNEY CORPORATION
Appendix A to the Earnings Release
Reconciliation of Non-GAAP Measure
(Unaudited)

PRE-PROVISION NET REVENUE (TE) AND ADJUSTED PRE-PROVISION NET REVENUE (TE)
	Three Months Ended															Twelve Months Ended
(in thousands)	12/31/2023			9/30/2023			6/30/2023			3/31/2023			12/31/2022			12/31/2023			12/31/2022
Net Income (GAAP)	$	50,603		$	97,738		$	117,794		$	126,467		$	143,787		$	392,602		$	524,089
Provision for credit losses		16,952			28,498			7,633			6,020			2,487			59,103			(28,399	)
Income tax expense		11,705			24,297			29,571			31,953			36,137			97,526			135,107
Pre-provision net revenue		79,260			150,533			154,998			164,440			182,411			549,231			630,797
Taxable equivalent adjustment (o)		2,834			2,852			2,837			2,584			2,615			11,107			10,348
Pre-provision net revenue (TE)		82,094			153,385			157,835			167,024			185,026			560,338			641,145
Adjustments from supplemental disclosure items
Gain on sale of parking facility		(16,126	)		—			—			—			—			(16,126	)		—
Loss on securities portfolio restructure		65,380			—			—			—			—			65,380			—
FDIC special assessment		26,123			—			—			—			—			26,123			—
Adjusted pre-provision net revenue (TE)	$	157,471		$	153,385		$	157,835		$	167,024		$	185,026		$	635,715		$	641,145


REVENUE (TE), ADJUSTED REVENUE (TE) AND EFFICIENCY RATIO
	Three Months Ended															Twelve Months Ended
(in thousands)	12/31/2023			9/30/2023			6/30/2023			3/31/2023			12/31/2022			12/31/2023			12/31/2022

Net interest income	$	269,460		$	269,234		$	273,911		$	284,994		$	295,501		$	1,097,599		$	1,050,003
Noninterest income		38,951			85,974			83,225			80,330			77,064			288,480			331,486
Total GAAP revenue		308,411			355,208			357,136			365,324			372,565			1,386,079			1,381,489
Taxable equivalent adjustment (o)		2,834			2,852			2,837			2,584			2,615			11,107			10,348
Total revenue (TE)		311,245			358,060			359,973			367,908			375,180			1,397,186			1,391,837
Adjustements from supplemental disclosure items
Gain on sale of parking facility		(16,126	)		—			—			—			—			(16,126	)		—
Loss on securities portfolio restructure		65,380			—			—			—			—			65,380			—
Adjusted revenue (TE)	$	360,499		$	358,060		$	359,973		$	367,908		$	375,180		$	1,446,440		$	1,391,837
GAAP Noninterest expense	$	229,151		$	204,675		$	202,138		$	200,884		$	190,154		$	836,848		$	750,692
Amortization of Intangibles		(2,672	)		(2,813	)		(2,957	)		(3,114	)		(3,271	)		(11,556	)		(14,033	)
Adjustements from supplemental disclosure items
FDIC special assessment		(26,123	)		—			—			—			—			(26,123	)		—
Adjusted noninterest expense	$	200,356		$	201,862		$	199,181		$	197,770		$	186,883		$	799,169		$	736,659
Efficiency ratio (p)		55.58	%		56.38	%		55.33	%		53.76	%		49.81	%		55.25	%		52.93	%

(o) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.
(p) 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.

Fourth Quarter 2023Earnings Conference Call 1/16/2024 HANCOCK WHITNEY Exhibit 99.2

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 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, general economic business conditions in our local markets, Federal Reserve action with respect to interest rates, the impacts related to Russia’s military action in Ukraine, the effects of the Israel-Hamas war, 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 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 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, the impact of reference rate reform, deposit trends, credit quality trends, the impact of natural or man-made disasters, the impact of current and future economic conditions, including the effects of declines in the real estate market, high unemployment, inflationary pressures, increasing insurance costs, elevated interest rates and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing, net interest margin trends, future expense levels, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts, accretion levels 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 presentation 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, 2022, Part II, “Item 1A. Risk Factors” in our Quarterly Report on Form 10-Q for the period ended March 31, 2023, and in other periodic reports that we file with the SEC. Important cautionary statement about forward-looking statements HNCOCK WHITNEY 2

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-basis financial statements, and other bank holding companies may define or calculate these non-GAAP measures or similar measures differently. Reconciliations of those non-GAAP measures to the comparable GAAP measure are included in the appendix to this presentation. The earnings release, financial tables and supporting slide presentation can be found on the company’s Investor Relations website at investors.hancockwhitney.com. ABL – Asset Based Lending AFS – Available for sale securities ACL – Allowance for credit losses AMBR – Ameribor Unsecured Overnight Rate Annualized – Calculated to reflect a rate based on afull year AOCI – Accumulated other comprehensive income ARM – Adjustable Rate Mortgage B – Dollars in billions Beta – repricing based on a change in market rates BOLI – Bank-owned life insurance bps – basis points Brokered Deposits – deposits obtained directly or indirectly through a deposit broker typically offering higher interest rates BSBY – Bloomberg Short-Term Bank Yield Index C&D – Construction and land development loans CD – Certificate of deposit CET1 – Common Equity Tier 1 Ratio CF – Cash flow CMBS – Commercial mortgage-backed securities CMO – Collateralized mortgage obligations CRE – Commercial real estate CSO – Corporate strategic objective DDA – Noninterest-bearing demand deposit accounts (e) – estimated *Efficiency ratio – noninterest expense to total net interest (TE) and noninterest income, excluding amortization of purchased intangibles and other supplemental disclosure items EOP – End of period HNCOCK WHITNEY 3 EPS – Earnings per share Fed - Federal Reserve Bank FF – Federal Funds FHLB – Federal Home Loan Bank FRB-DW – Federal Reserve Bank Discount Window Free Securities – market value of unencumbered investment securities owned by the bank FTE – Full time equivalent FV – Fair Value HFS – Held for sale HTM – Held to maturity securities ICRE – Income-producing commercial real estate ICS – Insured Cash Sweep IB – Interest-bearing IRR – Interest rate risk Line Utilization - represents the used portion of a revolving line resulting in a funded balance for a given portfolio; credit cards, construction loans (commercial and residential), and consumer lines of credit are excluded from the calculation Linked-quarter (LQ) – current quarter compared to previous quarter LQA – Linked-quarter annualized LOC – Line of credit M&A – Mergers and acquisitions MM – Dollars in millions MMDA – Money market demand account MMDDYY – Month Day Year Munis – Municipal obligations NII – Net interest income *NIM – Net interest margin (TE) OCI – Other comprehensive income OFA – Other foreclosed assets ORE – Other real estate O/N– Overnight Funds PF – Public Funds *PPNR and *Adjusted PPNR – Pre-provision net revenue, defined as net interest income (TE) plus noninterest income less noninterest expense; adjusted PPNR is PPNR excluding supplemental disclosure items; also known as adjusted leverage RMBS – Residential mortgage-backed securities Repo – Customer repurchase agreements ROA – Return on average assets ROTCE – Return on tangible common equity SBIC – Small business investment company SNC – Shared national credit SOFR – Secured Overnight Financing Rate S2 – Slower growth, downside scenario *Supplemental disclosure items - material items that are outside of our principal business and/or are not indicative of forward-looking trends; these items are presented below GAAP financial data and excluded from certain adjusted ratios and metrics TCE – Tangible common equity ratio (common shareholders’ equity less intangible assets divided by total assets less intangible assets) *TE – Taxable equivalent (calculated using the current statutory federal tax rate) XHYY – Half Year XQYY – Quarter Year Y-o-Y – Year over year

Corporate Profile $35.6 billion in Total Assets $23.9 billion in Total Loans $29.7 billion in Total Deposits CET1 ratio 12.39%(e) Tangible Common Equity (TCE) ratio 8.37% $4.2 billion in Market Capitalization 182 full service banking locations and 225 ATMs across our footprint Approximately 3,600 (FTE) employees corporate-wide Moody’s long-term issuer rating: Baa3; outlook stable S&P long-term issuer rating: BBB; outlook stable Ranked in top 100 Best Banks in America by Forbes Recognized for top client satisfaction ranking by J.D. Power Earned top customer service marks with Greenwich Excellence Awards Diversity, equity and inclusion (DEI) are fundamental to the spirit of HWC’s purpose, mission and values HWC Nasdaq Listed HNCOCK WHITNEY 4 As of December 31, 2023 (Healthcare) (ABL) (Operations) (Trust)

HWC Strong and Stable for 125 Years Strength to manage through a challenging economic environment Balance sheet de-risked in early 2020 and successfully executed bond restructuring and balance sheet deleverage in 4Q23 Stable, seasoned, diversified deposits; ability to organically grow deposits Credit metrics at low levels; no signs of broad weakness in portfolio Robust ACL at 1.41% of loans Solid capital levels; built capital in 2023 and remain well capitalized including all unrealized losses Significant efficiency initiatives executed in 2020/2021 Technology projects improve client experience and enhance efficiencies Market disruption(s) from M&A leads to opportunities Proven ability to proactively manage expenses Exceptional, dedicated, committed team of associates

Fourth Quarter 2023 Highlights Net income totaled $50.6 million, or $0.58 per diluted share, compared to $97.7 million, or $1.12 per diluted share in 3Q23 4Q23 results include a net pretax charge of ($75.4) million, or $0.68 per share, of supplemental disclosure items (See slide 7) Excluding the impact of supplemental disclosure items, adjusted EPS* was $1.26, up $0.14 linked-quarter Adjusted Pre-Provision Net Revenue (PPNR)* totaled $157.5 million, up $4.1 million, or 3% linked-quarter Loans declined $61.8 million, or 1% LQA (See slide 9) Deposits decreased $630.3 million, or 8% LQA, primarily due to maturity of $567.5 million in brokered deposits (See slide 11) Criticized commercial loans and nonaccrual loans remain at low levels (See slide 12) ACL coverage solid at 1.41%, up 1 bp compared to prior quarter (See slide 13) NIM flat at 3.27%, compared to 3Q23 (See slide 15) CET1 ratio estimated at 12.39%, up 33 bps linked-quarter; TCE ratio 8.37%, up 103 bps linked-quarter (See slide 20) Efficiency ratio* 55.58% ($s in millions; except per share data) 4Q23 3Q23 4Q22 Net income $50.6 $97.7 $143.8 Provision for credit losses $17.0 $28.5 $2.5 Supplemental disclosure items ($75.4) ─ ─ Earnings per share – diluted $0.58 $1.12 $1.65 Return on Assets (%) (ROA) 0.56 1.09 1.65 Adjusted ROA (%)* 1.23 1.09 1.65 Return on Tangible Common Equity (%) (ROTCE) 7.55 14.53 24.64 Adjusted ROTCE (%)* 16.43 14.53 24.64 Net Interest Margin (TE) (%) 3.27 3.27 3.68 Net Charge-offs (%) 0.27 0.64 0.02 CET1 Ratio (%) 12.39(e) 12.06 11.41 Tangible Common Equity (%) 8.37 7.34 7.09 Adjusted Pre-Provision Net Revenue (TE)* $157.5 $153.4 $185.0 Efficiency Ratio (%)* 55.58 56.38 49.81 *Non-GAAP measure: see appendix for non-GAAP reconciliation

Significant 4Q23 Supplemental Disclosure Items Total Deposits 12/31/20 $s in millions Time Deposits (retail) $1,835 7% Time Deposits (brokered) $14 ― Interest-bearing public funds $3,235 12% Interest-bearing transaction & savings $10,414 37% Noninterest bearing $12,200 44% $s in billions Avg Qtrly Deposits LQA EOP growth $28.0 $26.0 $24.0 $22.0 $20.0 $18.0 $16.0 1Q20 $24.3 20% 2Q20 $26.7 37% 3Q20 $26.8 -4% 4Q20 $27.0 10% 1Q21 $27.0 10% HNCOCK WHITNEY 15 * EPS impact calculated after-tax using a 21% tax rate FDIC Special Assessment $26.1 million estimated pretax charge, or $0.24 EPS* Sale of Legacy Whitney Parking Garage Standalone facility in downtown New Orleans Proceeds of $29 million; pretax gain of $16.1 million, or $0.15 EPS* Bond Portfolio Restructuring Transaction $65.4 million pretax charge, or $0.59 EPS* $1.04 billion in bonds sold with proceeds of $977 million Half of proceeds reinvested in bonds, half of proceeds utilized to pay down debt Estimated earn back period of 30 months Impact of transaction will be fully reflected in 1Q24 Expected annualized impact includes: TCE +10 bps NIM +13 bps EPS* +$0.23 NII +$26.2 million Total 4Q23 Impact Net pretax charge of $75.4 million, or $0.68 EPS*

2023 Highlights Net income of $392.6 million, or $4.50 per diluted share, compared to $524.1 million, or $5.98 per diluted share, in 2022 Excluding the impact of supplemental disclosure items* totaling a net pretax charge of ($75.4) million, adjusted EPS* was $5.18 per diluted share Adjusted Pre-Provision Net Revenue (PPNR)* totaled $635.7 million, down $5.4 million, or 1%, compared to 2022 Positive provision for credit losses of $59.1 million in 2023, compared to a negative provision for credit losses of $28.4 million in 2022 EOP loan growth of $807.9 million, or 3% Deposits increased $619.7 million, or 2% Criticized commercial loans and nonaccrual loans remained at or near historically low levels throughout the year NIM increased 8 bps to 3.34%, largely a result of the rising interest rate environment and a more favorable earning asset mix CET1 ratio estimated at 12.39%, up 98 bps; TCE ratio 8.37%, up 128 bps *Non-GAAP measure: see appendix for non-GAAP reconciliation ($s in millions; except per share data) 2023 2022 Net income $392.6 $524.1 Provision for credit losses $59.1 ($28.4) Supplemental disclosure items ($75.4) ─ Earnings per share – diluted $4.50 $5.98 Return on Assets (%) (ROA) 1.10 1.49 Adjusted ROA (%)* 1.27 1.49 Return on Tangible Common Equity (%) (ROTCE) 14.97 21.07 Adjusted ROTCE (%)* 17.24 21.07 Net Interest Margin (TE) (%) 3.34 3.26 Net Charge-offs (%) 0.27 0.01 CET1 Ratio (%) 12.39(e) 11.41 Tangible Common Equity (%) 8.37 7.09 Adjusted Pre-Provision Net Revenue (TE)* $635.7 $641.1 Efficiency Ratio (%)* 55.25 52.93

Loans totaled $23.9 billion, down $61.8 million, or 1% LQA Increase in mortgage loans driven by one-time close product, which convert from construction to mortgage upon construction completion Line utilization impacted by higher availability on commercial non-real estate loans coupled with stable outstanding balances; multi-year low utilization for consumer real-estate secured lines of credit Headwinds to future loan growth: Select appetite in CRE Expect contraction in loan-only transactions over time Disciplined loan pricing Potential economic slowdown Loan Balances Virtually Flat Linked-Quarter Bar Chart

Loan Portfolio Diverse, Limited Office Exposure Total Loans Outstanding % of Total Loans Commitment ($s in millions) Commercial non-RE (C&I) $7,821 32.7% $13,975 CRE - owner 2,528 10.6% 2,633 ICRE 3,463 14.5% 3,637 C&D 1,465 6.1% 2,780 Healthcare 2,091 8.7% 2,522 Equipment Finance 1,016 4.3% 1,016 Energy 205 0.9% 309 Total Commercial 18,589 77.8% 26,872 Mortgage 3,886 16.2% 3,894 Consumer 1,395 5.8% 3,392 Indirect 52 0.2% 52 Grand Total $23,922 100.0% $34,210 For Information Purposes Only (included in categories above) Retail (C&I and CRE) $2,005 8.4% $2,451 Hospitality (C&I and CRE) $1,239 5.2% $1,453 Office – ICRE $740 3.1% $781 Office – owner $860 3.6% $887 Multifamily – ICRE $779 3.3% $793 Multifamily – C&D $489 2.0% $1,059 Loan portfolio diverse across a number of segments and industries CRE loan portfolio is diversified by asset class, industry and geographic region CRE-Income producing (ICRE) approximately 15% of total loans and includes multifamily, retail, office, industrial, and hospitality Office-ICRE exposure down $60 million, or 7% linked-quarter 31% of the office-ICRE portfolio exposure is related to medical offices Office buildings tend to be more mid-rise SNC Loans totaled $2.6 billion at 12/31/23, 11% of total loans or 14% of commercial loans; diverse industry concentrations As of December 31, 2023

DDA Remix Continues to Slow; Brokered Deposits Decline Total deposits of $29.7 billion, down $630.3 million, or 8% LQA Brokered deposits decreased due to $567.5 million in maturities during 4Q23 that were not replaced Decrease in noninterest-bearing DDA driven by continued shift in mix to interest-bearing deposits due to competitive rates Interest-bearing transaction and savings remain stable Increase in interest-bearing public funds due to year-end seasonality Increase in retail time deposits is due to shift from DDA deposits and competitive rates offered DDA as a % of total deposits was 37% at 4Q23, down from 38% at 3Q23; for additional details on deposit composition refer to slide 28 Total Deposits 12/31/20 $s in millions Time Deposits (retail) $1,835 7% Time Deposits (brokered) $14 ― Interest-bearing public funds $3,235 12% Interest-bearing transaction & savings $10,414 37% Noninterest bearing $12,200 44% $s in billions Avg Qtrly Deposits LQA EOP growth $28.0 $26.0 $24.0 $22.0 $20.0 $18.0 $16.0 1Q20 $24.3 20% 2Q20 $26.7 37% 3Q20 $26.8 -4% 4Q20 $27.0 10% 1Q21 $27.0 10% HNCOCK WHITNEY 15 EOP Deposits Mix ($) EOP Deposits Mix (%) * Includes Public Funds DDA $ in millions % of Total Deposits

Continued Low Levels of Criticized and Nonaccrual Loans Criticized commercial loans totaled $274 million, or 1.47% of total commercial loans, at December 31, 2023, down $1 million linked-quarter Nonaccrual loans totaled $59 million, or 0.25% of total loans, at December 31, 2023, down $1 million, or 2%, linked-quarter Not experiencing broad signs of weakness among any industry, collateral type, or geography 1.64% 0.17% 1.46% Total Loans $23,114 $23,405 $23,790 $23,984 $23,922 Total Commercial Loans 18,444 18,550 18,703 18,799 18,589 Criticized Commercial Loans 302 296 302 275 274 Nonaccrual Loans 39 54 78 60 59 1.59% 0.23% 1.62% 0.33% 0.25% 1.47% 0.25% $700 $600 $500 $400 $300 $200 $100 $0 3Q20 4Q20 1Q21 2Q21 3Q21 HNCOCK WHITNEY 12 $ in millions

Maintained a Solid Reserve Provision for the fourth quarter of $17.0 million, reflects $16.1 million of net charge-offs and a reserve build of $0.9 million Charge-offs returned to a more normal level Maintained solid reserve, with quarter-end reserve coverage of 1.41% Weighting applied to Moody's December 2023 economic scenarios was 40% baseline and 60% slower growth (S2), unchanged from 3Q23 Given market conditions, scenario mix and weighting captures greater potential for slower near-term economic growth than provided for in the baseline scenario Net Charge-offs Reserve Build / (Release) Total Provision ($s in millions) 4Q23 3Q23 4Q23 3Q23 4Q23 3Q23 Commercial $12.8 $35.6 ($1.3) ($8.6) $11.5 $27.0 Mortgage (0.4) (0.4) 2.1 0.3 1.7 (0.1) Consumer 3.7 3.1 0.1 (1.5) 3.8 1.6 Total $16.1 $38.3 $0.9 ($9.8) $17.0 $28.5 12/31/2023 9/30/2023 Portfolio ($ in millions) Amount % of Loan and Leases Outstanding Amount % of Loan and Leases Outstanding Commercial $244 1.31% $244 1.30% Mortgage 39 1.00% 37 0.99% Consumer 25 1.76% 26 1.75% Allowance for Loan and Lease Losses (ALLL) $308 1.29% $307 1.28% Reserve for Unfunded Lending Commitments 29 --- 29 --- Allowance for Credit Losses (ACL) $337 1.41% $336 1.40%

Bond Portfolio Restructure Completed, Increases Yield Securities portfolio* totaled $8.2 billion, down $649 million linked-quarter Portfolio restructure completed in 4Q23, $1.04 billion bonds sold with net proceeds of $977 million; purchased $488 million of bonds 67% AFS, 33% HTM at 12/31/23 4Q23 yield 2.47%, up 10 bps primarily due to portfolio restructure; December yield 2.57% To reduce OCI volatility and provide flexibility to reposition and/or reprice the hedged assets in a changing rate environment, we have $478 million of FV hedges on $514 million of bonds, or 10% of AFS securities Premium amortization totaled $7.3 million, virtually unchanged linked-quarter Effective duration 4.6 years at 12/31/23, compared to 4.5 years at 9/30/23 Net unrealized losses on securities portfolio impacted by long-term Treasury yields: Securities Portfolio Mix 12/31/20 $s in millions CMBS $2,873 41% CMO $513 7% U.S. Agencies and other $219 3% RMBS $2,582 36% Munis $936 13% HNCOCK WHITNEY 15 Bar chart,pie chart Net Unrealized Loss $ in millions 12/31/2023 9/30/2023 AFS ($582) ($897) HTM ($199) ($298) Total ($781) ($1,195) * Excluding unrealized losses and FV hedges adjustment

4Q23 NIM flat at 3.27% linked-quarter NIM 3.31% for the month of December 2023, reflects approximately one month of impact from bond portfolio restructure NII (TE) of $272.3 million, virtually unchanged linked-quarter Higher cost of deposits offset by improved loan yields, lower short-term borrowing costs, and impacts of the bond portfolio restructure Expect that NIM trough was reached in 4Q23; modest expansion in 2024 Assumes three rate cuts of 25 bps each beginning in June 2024 Headwinds: continued deposit remix (albeit at a slower pace) Tailwinds: anticipated rate cuts, stabilizing deposit costs, and higher loan yields NIM Stable Linked-Quarter; Increased in December Cost of Deposits 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% Mar-20 Apr-20 May-20 Jun 20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Mar-21e .59% .41% .33% .29% .25% .21% .20% .19% .17% .17% .13% 3.40% 3.30% 3.20% 3.10% 3.00% 2.90% 2.80% 3Q20 NIM (TE) Impact of Securities Portfolio Purchase/Premium amortization Impact of change in earnings asset mix Lower cost of deposits Net impact of interest reversals and recoveries/loan fees accretion 4Q20 NIM (TE) 0.02% 0.06% 0.05% 0.02% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 4Q19 1Q20 2Q20 3Q20 4Q20 4.69% 3.43% 2.56% 0.76% 4.56% 3.41% 2.53% 0.67% 4.04% 3.23% 2.47% 0.38% 3.95% 3.23% 2.31% 0.30% 3.99% 3.22% 2.23% 0.25% Loan Yield Securities Yield Cost of Fund NIM HNCOCK WHITNEY 18 Line chart NIM Yield / Cost Quarter Month

New Loan Rates Reflect Ongoing Pricing Efforts $ in millions New Loan Rate* – Fixed 5.28% 5.95% 6.47% 6.69% 7.46% 7.75% New Loan Rate* - Variable 4.79% 6.40% 7.10% 7.81% 8.28% 8.31% * Loan rates represent weighted average coupon rate in the month of origination or first funded balance

Loans Loans totaled $23.9 billion at December 31, 2023 40% fixed, 60% variable (includes hybrid ARMs) 70% of variable loans tied to SOFR 23% of variable loans tied to Wall Street Journal Prime 7% of variable loans tied to other indices Securities Expect runoff of approximately $120 million from bond portfolio in 1Q24 Swaps/Hedges (See slide 32 for more information) $1.6 billion of active receive fixed/pay 1 month SOFR swaps designated as Cash Flow Hedges on the balance sheet; extends asset duration $478 million of pay fixed/receive Fed Effective swaps designated as Fair Value Hedges on $514 million of securities; provides OCI protection and flexibility to reposition and/or reprice the hedged assets in a changing rate environment Deposits Deposits totaled $29.7 billion at December 31, 2023 73% of deposits are MMDA (excludes PF), savings, or DDA Shift in deposit mix continued as interest rates remain elevated Rate Betas Rate Floors Floor Rate Balance * Balance Cumulative 25-49 bps $670 million $670 million 50-74 bps $804 million $1.5 billion 75-99 bps $546 million $2.0 billion 100-150 bps $1.8 billion $3.8 billion > 150 bps $172 million $4.0 billion IRR Sensitivity Table HWC (Hedges Removed) As of 4Q21 As of 4Q21 Peers * Immediate 100 bps 7.3% 8.4% 7.3% Gradual 100 bps 3.2% 3.6% 4.3% Deposits $ in millions Time Deposits $1,129 4% Interest-bearing public funds $3,295 11% Interest-bearing transaction & savings $11,650 38% Noninterest bearing $14,393 47% Key IRR Metrics IRR Sensitivity Table HWC HWC (Hedges Removed) As of 4Q23 As of 4Q23 Immediate +100 bps 2.1% 3.4% Immediate -100 bps -1.7% -3.1% Gradual +100 bps 1.6% 2.1% Gradual -100 bps -0.5% -1.1% 2Q22- 3Q22 3Q22- 4Q22 4Q22- 1Q23 1Q23- 2Q23 2Q23- 3Q23 3Q23- 4Q23 Cycle to date (1Q22-4Q23) Total Deposit Betas 8% 21% 48% 104% 127% 270% 36% IB Deposit Betas 16% 40% 81% 156% 165% 343% 57% Loan Betas 45% 43% 50% 60% 65% 144% 46% Total Deposit Beta excluding brokered CDs 82% 115% 289% 34%

Maintained Focus on Growing Fee Income Noninterest income totaled $39.0 million, down $47.0 million, or 55% linked-quarter 4Q23 included a pretax gain of $16.1 million gain from sale of Whitney Parking Garage and a $65.4 million loss from bond portfolio restructure (supplemental disclosure items) Adjusted noninterest income* totaled $88.3 million, up $2.3 million, or 3% linked-quarter Increase in Investment and annuity income and insurance due to higher activity Lower Mortgage, Specialty Income Partly Offset by Higher Service Fees Noninterest income totaled $82.4 million, down $1.3 million, or 2% linked-quarter Service charges and bank card & ATM fees up primarily due to increased activity, although lower than pre-pandemic levels Secondary mortgage fees continue to be impacted by the favorable rate environment, albeit a lower level of refinance activity compared to previous quarters Other income decrease related to lower levels of specialty income (BOLI) in 4Q20 partially offset by higher derivative income Expect 1Q21 fee income to be down related to anticipated lower levels of specialty income and secondary mortgage fees Secondary Mortgage Fees $11.5 14%Other $12.8 16% Noninterest Income Mix 12/31/20 $s in millions Service Charges on Deposit $19.9 24% Investment & Annuity and Insurance $5.8 7% Trust Fees $14.8 18% Bank Card & ATM Fees $17.6 21% 3Q20 NON INTEREST INCOME SERVICE CHARGES ON DEPOSIT accounts bank card & atm fees investment & annuity income and insurance trust fees secondary mortgage fees other 4q20 Non interest income Pie chart Adjusted Noninterest Income* Mix 12/31/23 $s in millions *Non-GAAP measure: see appendix for non-GAAP reconciliation

Expense Control Efforts Continue Noninterest expense totaled $229.2 million, up $24.5 million linked-quarter 4Q23 included $26.1 million from an FDIC special assessment charge (supplemental disclosure item) Adjusted noninterest expense* totaled $203.1 million, down $1.6 million, or 1% linked-quarter Personnel expense decreased $1.9 million, or 2% linked-quarter, due to lower incentive expense Other expenses, excluding the supplemental disclosure item, increased $1.5 million, or 2% linked-quarter A Focus on Expense Control; More Initiatives Underway Noninterest expense totaled $193.1 million, down $2.7 million, or 1% LQ Decline in personnel expense related to savings from efficiency measures taken to-date, including staff attrition and recent financial center closures Increase in other expenses mainly related to nonrecurring hurricane expense and branch closures Expense reduction initiatives to-date Closed 12 financial centers in 4Q20 8 additional financial centers closures announced in 1Q21 Ongoing branch rationalization reviews Closed Wealth Management trust offices in the NE corridor FTE down 210 compared to June 30, 2020 through staff attrition and other initiatives Early retirement package offered to select employees in 1Q21 Expect 1Q21 expenses to be flat as efficiency initiatives continue and offset typical beginning of the year increases; does not include nonrecurring charges for certain initiatives (i.e. early retirement) Adjusted Noninterest Expense* Mix 12/31/23 $s in millions *Non-GAAP measure: see appendix for non-GAAP reconciliation

Capital Levels Improve; TCE Above 8% CET1 ratio estimated at 12.39%, up 33 bps linked-quarter Leverage (Tier 1) ratio estimated at 10.10%, up 9 bps linked-quarter TCE ratio 8.37%, up 103 bps linked-quarter Dividends -7 bps Impact of AOCI +77 bps Lower tangible assets +17 bps Tangible net earnings +15 bps Stock compensation and other +1 bps No shares repurchased during 4Q23 or YTD 2023; 5% buyback authority through December 31, 2024 Will continue to manage capital in the best interests of the Company and our shareholders; our priorities are: Organic growth Dividends Buybacks M&A Tangible Common Equity Ratio Leverage (Tier 1) Ratio CET1 Ratio and Tier 1 Risked-Based Capital Ratio Total Risk-Based Capital Ratio December 31, 2023 8.37% 10.10%(e) 12.39%(e) 14.00%(e) September 30, 2023 7.34% 10.01% 12.06% 13.63% June 30, 2023 7.50% 9.64% 11.83% 13.44% March 31, 2023 7.16% 9.63% 11.60% 13.21% December 31, 2022 7.09% 9.53% 11.41% 12.97% (e) Estimated for most recent period-end Capital Rebuild Continues After 1H20 De-Risking Activities TCE ratio 7.64%, up 11 bps LQ (7.99% excluding PPP loans) Tangible net earnings +34 bps Change in tangible assets/additional excess liquidity -10 bps Dividends -7 bps Change in OCI & other -6 bps CET1 ratio 10.70%, up 40 bps linked-quarter Intend to pay quarterly dividend in consultation with examiners; board reviews dividend policy quarterly Buybacks on hold Tangible Common Equity Ratio Leverage (Tier 1) Ratio CET1 Ratio and Tier 1 Risked-Based Capital Ratio Total Risk-Based Capital Ratio December 31, 2020 7.64% 7.87%(e) 10.70%(e) 13.31%(e) September 30, 2020 7.53% 7.70% 10.30% 12.92% June 30, 2020 7.33% 7.37% 9.78% 12.36% March 31, 2020 8.00% 8.40% 10.02% 11.87% December 31, 2019 8.45% 8.76% 10.50% 11.90% (e) Estimated for most recent period-end; effective March 31, 2020 regulatory capital ratios reflect the election to use the five-year CECL transition rules

Remain Well Capitalized Including All Unrealized Losses 12/31/2023 As Reported Inc. AOCI Losses (1) Inc. AOCI + HTM Losses(2) Well Capitalized Minimum Tangible Common Equity Ratio 8.37% 8.37% 7.96% N/A Leverage (Tier 1) Ratio (e) 10.10% 8.81% 8.40% 5.00% CET1 Ratio (e) 12.39% 10.64% 10.12% 6.50% Tier 1 Risked-Based Capital Ratio (e) 12.39% 10.64% 10.12% 8.00% Risk-Based Capital Ratio (e) 14.00% 12.26% 11.73% 10.00% Reflected above is the hypothetical impact on capital if the mark on AOCI Losses(1) and AOCI + HTM(2) were included in the regulatory capital calculations Neither scenario is currently included, nor required to be included in the Company’s regulatory capital ratios (e) Estimated for most recent period-end Assumes AOCI adjustments related to market valuations on securities and related hedges are included for regulatory capital calculations Assumes HTM securities are also included as AOCI adjustment

2024 Forward Guidance 2023Actual FY 2024 Outlook Loans (EOP) $23.9B Expect EOP loan growth of low single digits from $23.9B at 12/31/23; expect most of 2024 growth in 2H24 Deposits (EOP) $29.7B Expect EOP deposit growth of low single digits from $29.7B at 12/31/23 Adjusted Pre-Provision, Net Revenue (PPNR)* $635.7MM Expect PPNR to decrease 1%-2% from FY23 adjusted PPNR ($635.7MM); assumes NIM trough reached in 4Q23 with modest expansion going forward in 2024; assumes three rate cuts in 2024 of 25 bps each beginning in June 2024 Reserve for Credit Losses $336.8MM or 1.41% of total loans Future assumptions in economic forecasts and any change in our own asset quality metrics will drive level of reserves; expect modest charge-offs and provision for 2024 Adjusted Noninterest Income* $337.7MM Expect noninterest income to be up 3%-4% from FY23 adjusted noninterest income ($337.7MM) Adjusted Noninterest Expense* $810.7MM Expect noninterest expense to be up 3%-4% from FY23 adjusted noninterest expense ($810.7MM) Effective Tax Rate 19.9% Approximately 20-21% Efficiency Ratio* 55.25% Expect to maintain efficiency ratio within the range of 56-58% for FY24 Corporate Strategic Objectives (CSOs) Long-term operating objectives reviewed/updated annually(assumes fed funds at approximately 4% for 2026) 3 Year Objective (4Q26) 4Q23 Actual 2023 Actual ROA (Adjusted)* 1.30 – 1.50% 1.23% 1.27% TCE ≥ 8% 8.37% 8.37% ROTCE (Adjusted)* ≥ 18% 16.43% 17.24% Efficiency Ratio* ≤ 55% 55.58% 55.25% * Excludes impact of three 4Q23 supplemental disclosure items see slide 7. Refer to appendix for non-GAAP reconciliations.

Appendix and Non-GAAP Reconciliations Appendix and Non-GAAP Reconciliations CHANCOCK WHITNEY

Change Change 4Q23 3Q23 4Q22 LQ Prior Year YTD 2023 YTD 2022 Y-o-Y EOP Balance Sheet 23,921.9 23,983.7 23,114.0 (61.8) 807.9 Loans 23,921.9 23,114.0 807.9 7,600.0 7,916.1 8,408.5 (316.1) (808.5) Securities 7,600.0 8,408.5 (808.5) 32,175.1 32,733.6 31,873.0 (558.5) 302.1 Earning assets 32,175.1 31,873.0 302.1 35,578.6 36,298.3 35,183.8 (719.7) 394.8 Total assets 35,578.6 35,183.8 394.8 29,690.1 30,320.3 29,070.3 (630.2) 619.8 Deposits 29,690.1 29,070.3 619.8 1,154.8 1,425.9 1,871.3 (271.1) (716.5) Short-term borrowings 1,154.8 1,871.3 (716.5) 31,774.9 32,797.3 31,841.2 (1,022.4) (66.3) Total liabilities 31,774.9 31,841.2 (66.3) 3,803.7 3,501.0 3,342.6 302.7 461.1 Stockholders' equity 3,803.7 3,342.6 461.1 Avg Balance Sheet 23,795.7 23,830.7 22,723.2 (35.0) 1,072.5 Loans 23,594.6 21,915.4 1,679.2 8,579.4 8,888.5 9,200.5 (309.1) (621.1) Securities (1) 8,901.6 9,013.1 (111.5) 33,128.1 33,137.6 32,244.7 (9.5) 883.4 Average earning assets 33,160.8 32,498.2 662.6 35,538.3 35,626.9 34,498.9 (88.6) 1,039.4 Total assets 35,633.4 35,059.2 574.2 29,974.9 29,757.2 28,816.3 217.7 1,158.6 Deposits 29,478.5 29,497.5 (19.0) 993.8 1,311.0 1,575.8 (317.2) (582.0) Short-term borrowings 1,693.4 1,358.7 334.7 31,977.3 32,054.4 31,270.2 (77.1) 707.1 Total liabilities 32,104.5 31,654.0 450.5 3,561.0 3,572.5 3,228.7 (11.5) 332.3 Stockholders' equity 3,528.9 3,405.2 123.7 6.11% 6.01% 5.12% 10 bps 99 bps Loan yield 5.87% 4.32% 155 bps 2.47% 2.37% 2.29% 10 bps 18 bps Securities yield 2.39% 2.11% 28 bps 3.08% 2.84% 0.96% 24 bps 212 bps Cost of IB deposits 2.53% 0.38% 215 bps 80.57% 79.10% 79.51% 147 bps 106 bps Loan/Deposit ratio - EOP 80.57% 79.51% 106 bps Summary Balance Sheet ($ in millions) Average securities excludes unrealized gain/(loss) Summary Balance Sheet ($ in millions) 4Q20 and YTD 2020 include $2.0 billion and 3Q20 included $2.3 billion in PPP loans, net Average securities excludes unrealized gain /(loss) Change 4Q20 3Q20 4Q19 LQ PY Line Item YTD 2020 YTD 2019 Y-o-Y EOP Balance Sheet $21,789.9 $22,240.2 $21,212.8 ($450.3) $577.1 Loans (1) $21,789.9 $21,212.8 $577.1 7,356.5 7,056.3 6,243.3 300.2 1,113.2 Securities 7,356.5 6,243.3 1,113.2 30,616.3 30,179.1 27,622.2 437.2 2,994.1 Earning Assets 30,616.3 27,622.2 2,994.1 33,638.6 33,193.3 30,600.8 445.3 3,037.8 Total assets 33,638.6 30,600.8 3,037.8 $27,698.0 $27,030.7 $23,803.6 $667.3 $3,894.4 Deposits $27,698.0 $23,803.6 $3,894.4 1,667.5 1,906.9 2,714.9 (239.4) (1,047.4) Short-term borrowings 1,667.5 2,714.9 (1,047.4) 30,199.6 29,817.7 27,133.1 381.9 3,066.5 Total Liabilities 30,199.6 27,133.1 3,066.5 3,439.0 3,375.6 3,467.7 63.4 (28.7) Stockholders' Equity 3,439.0 3,467.7 (28.7) Avg Balance Sheet $22,065.7 $22,407.8 $21,037.9 ($342.1) $1,027.8 Loans $22,166.5 $20,380.0 $1,786.5 6,921.1 6,389.2 6,201.6 531.9 719.5 Securities (2) 6,398.7 5,864.2 534.5 29,875.5 29,412.3 27,441.5 463.2 2,434.0 Average earning assets 29,235.3 26,476.9 2,758.4 33,067.5 32,685.4 30,343.3 382.1 2,724.2 Total assets 32,391.0 29,125.4 3,265.6 $27,040.4 $26,763.8 $23,848.4 $276.6 $3,192.0 Deposits $26,212.3 $23,299.3 $2,913.0 1,779.5 1,733.3 2,393.4 46.2 (613.9) Short-term borrowings 1,978.2 1,942.1 36.1 29,660.8 29,333.8 26,869.6 327.0 2,791.2 Total Liabilities 28,957.9 25,822.8 3,135.1 3,406.6 3,351.6 3,473.7 55.0 (67.1) Stockholders' Equity 3,433.1 3,302.7 130.4 3.99% 3.95% 4.69% 4 bps -70 bps Loan Yield 4.13% 4.81% -68 bps 2.23% 2.31% 2.56% -8 bps -33 bps Securities Yield 2.38% 2.62% -24 bps 0.31% 0.39% 1.11% -8 bps -80 bps Cost of IB Deposits 0.57% 1.25% -68 bps 79% 82% 89% -361 bps -1045 bps Loan/Deposit Ratio (Period End) 79% 89% -1045 bps CHANCOCK WHITNEY 26

Balance Sheet Summary 4Q22 1Q23 2Q23 3Q23 4Q23 Average Loans ($MM) 22,723 23,087 23,655 23,831 23,796 Average Total Securities* ($MM) 9,201 9,137 9,008 8,888 8,579 Average Deposits ($MM) 28,816 28,793 29,373 29,757 29,975 Loan Yield (TE) 5.12% 5.54% 5.81% 6.01% 6.11% Cost of Deposits 0.50% 0.91% 1.40% 1.74% 1.93% Tangible Common Equity Ratio 7.09% 7.16% 7.50% 7.34% 8.37% Balance Sheet Summary 4Q19 1Q20 2Q20 3Q20 4Q20 Average Loans ($MM) 21,038 21,234 22,957 22,408 22,066 Average Total Securities ($MM) 6,202 6,149 6,130 6,389 6,921 Average Deposits ($MM) 23,848 24,327 26,703 26,764 27,040 Loan Yield (TE) 4.69% 4.56% 4.04% 3.95% 3.99% Cost of Interest Bearing Deposits 1.11% 1.01% 0.58% 0.39% 0.31% Tangible Common Equity Ratio 8.45% 8.00% 7.33% 7.53% 7.64% CHANCOCK WHITNEY 28 * Average securities excludes unrealized gain/(loss)

EOP Loan Repricing and Maturity ($s in millions) Repricing/Maturity Term (1) Rate Structure 3 months or less 4-12 months 1-3 Years 3-5 Years 5-15 Years Over 15 Years Total Loans (EOP) Variable Rate Fixed Rate Commercial Non-RE $6,367 $276 $925 $1,222 $1,092 $75 $9,957 $6,481 $3,476 CRE-Owner 994 80 212 415 1,362 31 3,094 1,033 2,061 CRE- income producing 2,758 155 335 370 367 2 3,987 2,735 1,252 Construction and land development 1,079 31 55 73 270 43 1,551 1,217 334 Total Commercial $11,198 $542 $1,527 $2,080 $3,091 $151 $18,589 $11,466 $7,123 Residential mortgages 60 99 95 223 1,610 1,799 3,886 1,659 2,227 Consumer 1,206 17 93 107 22 2 1,447 1,186 261 Total Loans $12,464 $658 $1,715 $2,410 $4,723 $1,952 $23,922 $14,311 $9,611 % of Total 52% 3% 7% 10% 20% 8% 100% 60% 40% Weighed Average Rate 7.99% 5.83% 4.83% 5.32% 3.91% 4.24% 6.35% 7.42% 4.64% (1) Based on maturity date for fixed rate loans 85% of variable rate loans reprice in three months or less $1.2 billion of variable rate mortgages, or 8% of total variable rate loans, reprice in 5 to 15 years

Total Loan Rates and Yield Trends $ in millions Total Loan Rate* - Fixed 4.04% 4.15% 4.28% 4.40% 4.52% 4.64% Total Loan Rate* - Variable 5.11% 6.35% 6.81% 7.19% 7.40% 7.42% * Loan rates represent weighted average coupon rate at end of period ** Total loan yield includes impact of cash flow hedges

Maintaining a Seasoned, Stable, Diversified Deposit Base DDAs as a % of total deposits remains among best-in-class at 37% at December 31, 2023 Uninsured deposits (adjusted for collateralized public funds) were 34.4% at December 31, 2023, virtually unchanged linked-quarter The Insured Cash Sweep (ICS) product is available to clients as a way to secure deposits above FDIC limits; balances at December 31, 2023 were $304 million, down from $319 million at September 30, 2023 Repurchase (Repo) agreements are another way for clients to secure deposits; balances at December 31, 2023 were $454 million compared to $526 million at September 30, 2023 Consumer clients comprise 44% of total deposits (51% including wealth), while commercial clients comprise 35% Deposits include $590 million in brokered CDs, down $567 million linked-quarter $195 million at 5.35% (matures in February 2024) $395 million at 5.35% (matures in May 2024) Select Average Deposit Account Size by Line of Business Line of Business ($ in thousands) 12/31/19 12/31/23 Consumer $15.0 $18.7 Commercial $163.4 $191.5 Wealth $121.7 $135.9 Total Deposits $30.5 $37.8

Currently have approximately $18.5 billion in internal and external sources of liquidity if needed Nearly $17 billion in remaining net liquidity available at December 31, 2023 Liquidity includes $590 million in brokered CDs at December 31, 2023, down $567 million linked-quarter At December 31, 2023$ in millions TotalSources AmountUsed NetAvailability Internal Sources Free Securities $ 2,845 $ - $ 2,845 External Sources FHLB 6,614 1,183 5,431 FRB-DW 3,302 - 3,302 Brokered Deposits 4,454 590 3,864 Overnight Fed Funds LOCs 1,329 - 1,329 Total Available Sources of Funding $ 18,544 $ 1,773 $ 16,771 Strong Liquidity Position; Multiple Sources of Funding Available At December 31, 2023 $ in millions Cash and O/N $ 1,188 Cash and O/N as a % of Assets 3.3% Cash and O/N + Net Availability $ 17,959 Uninsured Deposits excl. PF Deposits $ 10,201 Cash and O/N + Net Availability to Adj. Uninsured deposits 176.0%

Summary Income Statement ($ in millions, except for per share data) *Non-GAAP measure: see slide 34 for non-GAAP reconciliation Change Change 4Q23 3Q23 4Q22 LQ Prior Year YTD 2023 YTD 2022 Y-o-Y 272.3 272.1 298.1 0.2 (25.8) Net interest income (TE) 1,108.7 1,060.4 48.3 17.0 28.5 2.5 (11.5) 14.5 Provision for credit losses 59.1 (28.4) 87.5 39.0 86.0 77.1 (47.0) (38.1) Noninterest income 288.5 331.5 (43.0) 229.2 204.7 190.2 24.5 39.0 Noninterest expense 836.8 750.7 86.1 62.3 122.0 179.9 (59.7) (117.6) Income before income tax 490.1 659.2 (169.1) 11.7 24.3 36.1 (12.6) (24.4) Income tax expense 97.5 135.1 (37.6) 50.6 97.7 143.8 (47.1) (93.2) Net income 392.6 524.1 (131.5) 157.5 153.4 185.0 4.1 (27.5) Adjusted PPNR (TE)* 635.7 641.1 (5.4) 50.6 97.7 143.8 (47.1) (93.2) Net income 392.6 524.1 (131.5) (0.4) (1.0) (1.8) 0.6 1.4 Net Income allocated to participating securities (4.0) (7.6) 3.6 50.2 96.7 142.0 (46.5) (91.8) Net Income available to common shareholders 388.6 516.5 (127.9) 86.6 86.4 86.2 0.2 0.4 Weighted average common shares - diluted (millions) 86.4 86.4 - 0.58 1.12 1.65 (0.54) (1.07) EPS - diluted 4.50 5.98 (1.48) 3.27% 3.27% 3.68% 0 bps -41 bps NIM (TE) 3.34% 3.26% 8 bps 0.56% 1.09% 1.65% -53 bps -109 bps ROA 1.10% 1.49% -39 bps 5.64% 10.85% 17.67% -521 bps -1203 bps ROE 11.13% 15.39% -426 bps 55.58% 56.38% 49.81% -80 bps 577 bps Efficiency ratio* 55.25% 52.93% 232 bps

Income Statement Summary (as Adjusted*) *Non-GAAP measure: see slides 33-35 for non-GAAP reconciliation 4Q22 1Q23 2Q23 3Q23 4Q23 Adjusted PPNR (TE)* ($000) 185,026 167,024 157,835 153,385 157,471 Net Interest Income (TE) ($000) 298,116 287,578 276,748 272,086 272,294 Net Interest Margin (TE) 3.68% 3.55% 3.30% 3.27% 3.27% Adjusted Noninterest Income* ($000) 77,064 80,330 83,225 85,974 88,205 Adjusted Noninterest Expense* ($000) 190,154 200,884 202,138 204,675 203,028 Efficiency Ratio* 49.81% 53.76% 55.33% 56.38% 55.58% Results *Non-GAAP measures. See slides 29-31 for non-GAAP reconciliations 4Q19 1Q20 2Q20 3Q20 4Q20 Operating PPNR (TE)* ($000) 125,660 115,688 118,518 126,346 130,607 Net Interest Income (TE)* ($000) 236,736 234,636 241,114 238,372 241,401 Net Interest Margin (TE)* 3.43% 3.41% 3.23% 3.23% 3.22% Noninterest Income ($000) 82,924 84,387 73,943 83,748 82,350 Operating Expense* ($000) 194,000 203,335 196,539 195,774 193,144 Efficiency Ratio* 58.88% 62.06% 60.74% 59.29% 58.23% CHANCOCK WHITNEY 27

Current Hedge Positions Cash Flow (CF) Hedges Receive 215 bps versus paying 1 month SOFR on $1.6 billion No new CF hedges were executed and no CF hedges were terminated in 4Q23 Total termination value on remaining active CF hedges is approximately ($78) million as of 12/31/23 Future maturities of existing CF hedges range from December 2025 through March 2028 Fair Value (FV) Hedges $514 million in securities are hedged with $478 million of FV hedges Duration (Market price risk) reduced from approximately 6.8 years to 2.5 years on hedged securities During 4Q23, there was one termination associated with the sale of an underlying security Current termination value of FV hedges is approximately $23 million at 12/31/2023 FV hedges become fully effective beginning January 2025 through July 2026; at that point we pay fixed 1.98% and receive the FF effective rate (resulting in these bonds being a variable rate of FF plus 48 bps) When FV hedges are terminated, the value of each hedge is an adjustment to the book value of the underlying security, thereby changing its current book yield and extending its duration

PPNR (TE) and Adjusted PPNR (TE) Reconciliation Three Months Ended Twelve Months Ended (in thousands) 4Q23 3Q23 2Q23 1Q23 4Q22 2023 2022 Net Income (GAAP) $50,603 $97,738 $ 117,794 $126,467 $143,787 $392,602 $524,089 Provision for credit losses 16,952 28,498 7,633 6,020 2,487 59,103 (28,399) Income tax expense 11,705 24,297 29,571 31,953 36,137 97,526 135,107 Pre-provision net revenue 79,260 150,533 154,998 164,440 182,411 549,231 630,797 Taxable equivalent adjustment 2,834 2,852 2,837 2,584 2,615 11,107 10,348 Pre-provision net revenue (TE)* 82,094 153,385 157,835 167,024 185,026 560,338 641,145 Adjustments from supplemental disclosures items Gain on sale of parking facility (16,126) — — — — (16,126) — Loss on securities portfolio restructure 65,380 — — — — 65,380 — FDIC special assessment 26,123 — — — — 26,123 — Adjusted pre-provision net revenue (TE)* $157,471 $153,385 $157,835 $167,024 $185,026 $635,715 $641,145 Total Revenue (TE), Operating PPNR (TE) Reconciliations Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%. Three Months Ended (in thousands) 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 Net interest income $238,286 $235,183 $237,866 $231,188 $233,156 Noninterest income 82,350 83,748 73,943 84,387 82,924 Total revenue $320,636 $318,931 $311,809 $315,575 $316,080 Taxable equivalent adjustment 3,115 3,189 3,248 3,448 3,580 Total revenue (TE) $323,751 $322,120 $315,057 $319,023 $319,660 Noninterest expense (193,144) (195,774) (196,539) (203,335) (197,856) Nonoperating expense — — — — 3,856 Operating pre-provision net revenue $130,607 $126,346 $118,518 $115,688 $125,660CHANCOCK WHITNEY 31 *Taxable equivalent (TE) amounts are calculated using a federal tax rate of 21% Adjusted Noninterest Income and Noninterest Expense Three Months Ended Twelve Months Ended (in thousands) 4Q23 3Q23 2Q23 1Q23 4Q22 2023 2022 Noninterest income (GAAP) $38,951 $85,974 $83,225 $80,330 $77,064 $288,480 $331,486 Adjustments from supplemental disclosures items Gain on sale of parking facility (16,126) — — — — (16,126) — Loss on securities portfolio restructure 65,380 — — — — 65,380 — Adjusted noninterest income $88,205 $85,974 $83,225 $80,330 $77,064 $337,734 $331,486 Noninterest expense (GAAP) $229,151 $204,675 $202,138 $200,884 $190,154 $836,848 $750,692 Adjustments from supplemental disclosures items FDIC special assessment (26,123) — — — — (26,123) — Adjusted noninterest expense $203,028 $204,675 $202,138 $200,884 $190,154 $810,725 $750,692

Adjusted Efficiency Ratio Three Months Ended Twelve Months Ended (in thousands) 4Q23 3Q23 2Q23 1Q23 4Q22 2023 2022 Net interest income $269,460 $269,234 $273,911 $284,994 $295,501 $1,097,599 $1,050,003 Noninterest income 38,951 85,974 83,225 80,330 77,064 288,480 331,486 Total GAAP revenue 308,411 355,208 357,136 365,324 372,565 1,386,079 1,381,489 Taxable equivalent adjustment 2,834 2,852 2,837 2,584 2,615 11,107 10,348 Total revenue (TE)* 311,245 358,060 359,973 367,908 375,180 1,397,186 1,391,837 Adjustments from supplemental disclosure items Gain on sale of parking facility (16,126) — — — — (16,126) — Loss on securities portfolio restructure 65,380 — — — — 65,380 — Adjusted revenue (TE)* $360,499 $358,060 $359,973 $367,908 $375,180 $1,446,440 $1,391,837 GAAP Noninterest expense $229,151 $204,675 $202,138 $200,884 $190,154 $836,848 $750,692 Amortization of Intangibles (2,672) (2,813) (2,957) (3,114) (3,271) (11,556) (14,033) Adjustments from supplemental disclosure items FDIC special assessment (26,123) — — — — (26,123) — Adjusted noninterest expense less amortization of intangibles $200,356 $201,862 $199,181 $197,770 $186,883 $799,169 $736,659 Efficiency Ratio** 55.58% 56.38% 55.33% 53.76% 49.81% 55.25% 52.93% *Taxable equivalent (TE) amounts are calculated using a federal tax rate of 21% ** 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

*Supplemental disclosure items, net of income tax impact calculated using federal tax rate of 21% Adjusted ROA and ROTCE (in thousands) 4Q23 2023 Average total assets $35,538,300 $35,633,442 Average common stockholders' equity 3,560,978 3,528,911 Average goodwill and other intangible assets (901,377) (905,610) Average tangible common equity 2,659,601 2,623,301 Net income (GAAP) 50,603 392,602 Supplemental disclosure items, net of income tax* 59,548 59,548 Adjusted Net Income 110,151 452,150 ROA 0.56% 1.10% Adjusted ROA 1.23% 1.27% ROTCE 7.55% 14.97% Adjusted ROTCE 16.43% 17.24% Adjusted Earnings Per Share - Diluted (in thousands) 4Q23 2023 Net Income (GAAP) $50,603 $392,602 Net income allocated to participating securities (440) (4,014) Net income available to common shareholders 50,163 388,588 Supplemental disclosure items, net of income tax* 59,548 59,548 Supplemental disclosure items allocated to participating securities (517) (517) Adjusted net income allocated to participating securities $109,194 $447,619 Weighted average common shares - diluted 86,604 86,423 Earnings per share - diluted $0.58 $4.50 Adjusted earnings per share - diluted $1.26 $5.18

Fourth Quarter 2023Earnings Conference Call 1/16/2024 HANCOCK WHITNEY

Document And Entity Information	Jan. 16, 2024
Document And Entity Information [Line Items]
Entity Registrant Name	HANCOCK WHITNEY CORPORATION
Amendment Flag	false
Entity Central Index Key	0000750577
Document Type	8-K
Document Period End Date	Jan. 16, 2024
Entity Incorporation, State or Country Code	MS
Securities Act File Number	001-36872
Entity Tax Identification Number	64-0693170
Entity Address, Address Line One	Hancock Whitney Plaza
Entity Address, Address Line Two	2510 14th Street
Entity Address, City or Town	Gulfport
Entity Address, State or Province	MS
Entity Address, Postal Zip Code	39501
City Area Code	(228)
Local Phone Number	868-4000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock Par Value Dollar Three Point Three Three Per Share [Member]
Document And Entity Information [Line Items]
Title of 12(b) Security	COMMON STOCK, $3.33 PAR VALUE
Trading Symbol	HWC
Security Exchange Name	NASDAQ
Senior Subordinated Notes [Member]
Document And Entity Information [Line Items]
Title of 12(b) Security	6.25% SUBORDINATED NOTES
Trading Symbol	HWCPZ
Security Exchange Name	NASDAQ