8-K

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): October 17, 2023

________________

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 October 17, 2023, Hancock Whitney Corporation (the “Company”) announced financial results for its third quarter ended September 30, 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 October 17, 2023 at 4:00 p.m. (Central Time), the Company intends to hold an investor call and webcast to discuss financial results for the quarter ended September 30, 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 October 17, 2023 for Quarter Ended September 30, 2023.
99.2	Presentation Slides dated October 17, 2023 (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
October 17, 2023	By:	/s/ Michael M. Achary
		Michael M. Achary
		Chief Financial Officer

EX-99.1

Exhibit 99.1

  FOR IMMEDIATE RELEASE October 17, 2023

For more information

Kathryn Shrout Mistich, VP, Investor Relations Manager

504.539.7836 or kathryn.mistich@hancockwhitney.com

Hancock Whitney reports third quarter 2023 EPS of $1.12

GULFPORT, Miss. (October 17, 2023) — Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the third quarter of 2023. Net income for the third quarter of 2023 totaled $97.7 million, or $1.12 per diluted common share (EPS), compared to $117.8 million, or $1.35 per diluted common share, in the second quarter of 2023. The company reported net income for the third quarter of 2022 of $135.4 million, or $1.55 per diluted common share.

Third Quarter 2023 Highlights

•3Q23 net income impacted by “idiosyncratic” charge-off of $29.7 million

•Pre-provision net revenue (PPNR) totaled $153.4 million, compared to $157.8 million in 2Q23

•Deposits increased $277 million, or 4% LQA

•Loan growth of $194 million, or 3% LQA

•Criticized commercial loans and nonaccrual loans remain at low levels

•ACL coverage remained solid at 1.40%

•NIM 3.27%, compared to 3.30% in 2Q23

•CET1 ratio estimated at 12.04%, up 21 bps linked-quarter; TCE ratio 7.34%, compared to 7.50% in 2Q23

•Efficiency ratio 56.38%

“Third quarter of 2023 results reflect the continued strength and stability of our Company,” said John M. Hairston, President & CEO. “Despite the ongoing challenges in today’s operating environment, we were able to fully fund loan growth with client deposit growth. Our NIM compression moderated this quarter as deposit betas slowed despite the continued remix of DDAs, our funding mix improved, and we reported an improved earning asset yield. Aside from the previously disclosed idiosyncratic charge-off, our problem credit metrics remain at historically low levels and we do not see any broad weaknesses in our loan portfolio. We continue to control expenses and are focused on growing fee income. We maintained a robust ACL to loans of 1.40% and our capital remains solid with estimated tier 1 leverage ratio above 10% and tier 1 common equity above 12%. We remain well capitalized including all unrealized losses in our portfolio. As we celebrate Hancock Whitney Founders Month, we are exceptionally proud of the efforts of our team in continuing our 124-year legacy and in our commitment to the people and communities we serve.”

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Loans

Total loans were $24.0 billion at September 30, 2023, up $193.8 million, or 1%, from June 30, 2023. One-time close products drove the increase in mortgage loans, which convert from construction and development loans to permanent mortgages at construction completion. CRE-income producing loans increased this quarter related to completed multifamily construction projects, which converted from construction and development loans to permanent CRE-income producing at construction completion, and slowing loan prepayments.

Average loans totaled $23.8 billion for the third quarter of 2023, up $175.7 million, or 1%, linked-quarter. Management expects 2023 period-end loan growth to be in the range of low- to mid-single digits compared to year-end 2022.

Deposits

Total deposits at September 30, 2023 were $30.3 billion, up $276.8 million, or 1%, from June 30, 2023. The growth in deposits was primarily due to an increase of interest-bearing transaction and savings deposits mostly due to competitive rates offered and an increase in time deposits related to a shift from DDA deposits, offset by a decrease in noninterest bearing DDAs and a decrease in interest-bearing public funds related to seasonal activity.

DDAs totaled $11.6 billion at September 30, 2023, down $545.4 million, or 4%, from June 30, 2023 and comprised 38% of total period-end deposits. Interest-bearing transaction and savings deposits totaled $10.7 billion at the end of the third quarter of 2023, an increase of $229.4 million, or 2%, linked-quarter. Compared to June 30, 2023, retail time deposits of $4.0 billion were up $670.3 million, or 20%, and brokered deposits were $1.2 billion, virtually unchanged compared to the prior quarter. Interest-bearing public fund deposits decreased $72.2 million, or 2%, linked-quarter, ending September 30, 2023 at $2.9 billion.

Average deposits for the third quarter of 2023 were $29.8 billion, up $384.3 million, or 1%, linked-quarter. Management expects 2023 period-end deposit level growth to be flat to low single digits compared to year-end 2022.

Asset Quality

The total allowance for credit losses (ACL) was $335.9 million at September 30, 2023, down $9.8 million, or 3%, from June 30, 2023. During the third quarter of 2023, the company recorded a provision for credit losses of $28.5 million, compared to a provision for credit losses of $7.6 million in the second quarter of 2023. There were $38.3 million of net charge-offs in the third quarter of 2023, or 0.64% of average total loans on an annualized basis, compared to net charge-offs of $3.4 million, or 0.06% of average total loans in the second quarter of 2023. The ratio of ACL to period-end loans was 1.40% at September 30, 2023, compared to 1.45% at June 30, 2023.

Criticized commercial loans and nonaccrual loans remained at low levels at September 30, 2023. Criticized commercial loans totaled $275.1 million, or 1.46% of total commercial loans, at September 30, 2023, compared to $302.2 million, or 1.62% of total commercial loans at June 30, 2023. Nonaccrual loans totaled $60.3 million, or 0.25% of total loans, at September 30, 2023, compared to $78.2 million, or 0.33% of total loans, at June 30, 2023. ORE and foreclosed assets were $4.5 million, up $2.4 million, linked-quarter.

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Net Interest Income and Net Interest Margin (NIM)

Net interest income (TE) for the third quarter of 2023 was $272.1 million, a decrease of $4.7 million, or 2%, from the second quarter of 2023. The net interest margin (NIM) (TE) was 3.27% in the third quarter of 2023, down 3 bps linked-quarter. A change in the mix of earning assets and loan yields (+16 bps) and decreased short term borrowing costs (+5 bps) led to a 21 basis point improvement in the NIM, offset by the impact of deposit remix and rates (-24 bps). Additional NIM detail and guidance is included in the third quarter of 2023 earnings investor deck.

Average earning assets were $33.1 billion for the third quarter of 2023, down $482.3 million, or 1%, from the second quarter of 2023.

Noninterest Income

Noninterest income totaled $86.0 million for the third quarter of 2023, up $2.8 million, or 3%, from the second quarter of 2023.

Service charges on deposits were up $0.8 million, or 4%, from the second quarter of 2023. The increase was primarily related to higher account activity. Bank card and ATM fees were down $0.4 million, or 2%, from the second quarter of 2023.

Investment and annuity income and insurance fees were up $0.3 million, or 3%, linked-quarter. Trust fees were down $0.8 million, or 5% linked-quarter, related to 2Q23 seasonal tax accounting fees. Fees from secondary mortgage operations totaled $2.6 million for the third quarter of 2023, up $0.3 million, or 13%, linked-quarter.

Other noninterest income totaled $15.4 million, up $2.6 million, or 20%, from the second quarter of 2023. The increase in other noninterest income was primarily related to increased FHLB dividends, SBIC income and loan-related fee income from specialty lines of business.

Noninterest Expense & Taxes

Noninterest expense totaled $204.7 million, up $2.6 million, or 1% linked-quarter.

Personnel expense totaled $116.3 million in the third quarter of 2023, up $1.4 million, or 1%, linked-quarter.The increase was primarily related to a reduction in the amount of personnel expense deferred (FAS 91) due to lower loan originations. Net occupancy and equipment expense totaled $18.2 million in the third quarter of 2023, up $0.5 million, or 3%, from the second quarter of 2023. Amortization of intangibles totaled $2.8 million for the third quarter of 2023, down $0.1 million, or 5%, linked-quarter.

ORE and other foreclosed assets gains exceeded expenses by less than $0.1 million in the third quarter of 2023, compared to a gain of $0.3 million in the second quarter of 2023.

Other expense totaled $67.4 million in the third quarter of 2023, up $0.6 million, or 1%, linked-quarter.

The effective income tax rate for third quarter 2023 was 19.9%.

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Capital

Common stockholders’ equity at September 30, 2023 totaled $3.5 billion, down $53.4 million, or 2%, from June 30, 2023. The tangible common equity (TCE) ratio was 7.34%, down 16 bps from June 30, 2023. The company’s CET1 ratio is estimated to be 12.04% at September 30, 2023, up 21 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 third quarter of 2023.

Conference Call and Slide Presentation

Management will host a conference call for analysts and investors at 4:00 p.m. Central Time on Tuesday, October 17, 2023 to review third 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 third 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 October 24, 2023 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.

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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. These non-GAAP measures may reference the concept “operating.” We use the term “operating” to describe a financial measure that excludes income or expense considered to be nonoperating in nature. Items identified as nonoperating are those that, when excluded from a reported financial measure, provide management or the reader with a measure that may be more indicative of forward-looking trends in our business.

We define Operating Pre-Provision Net Revenue as total revenue (te) less noninterest expense, excluding nonoperating items. Management believes that operating 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.

Important Cautionary Statement about Forward-Looking Statements

This news release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit losses, capital levels, deposits (including growth, pricing and betas), investment portfolio, other sources of liquidity, loan growth expectations, management’s predictions about charge-offs for loans, general economic business conditions in our local markets, the impacts related to Russia’s military action in Ukraine, Federal Reserve action with respect to interest rates, the adequacy of our enterprise risk management framework, potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions, as well as the impact of recent 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 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, 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.

In addition, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “forecast,” “goals,” “targets,” “initiatives,” “focus,” “potentially,” “probably,” “projects,” “outlook," or similar expressions or future conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Any forward-looking statement made in this release is subject to the safe harbor protections set forth in the Private Securities Litigation Reform Act

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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.

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HANCOCK WHITNEY CORPORATION
FINANCIAL HIGHLIGHTS
(Unaudited)
	Three Months Ended									Nine Months Ended
(dollars and common share data in thousands, except per share amounts)	9/30/2023			6/30/2023			9/30/2022			9/30/2023			9/30/2022
NET INCOME
Net interest income	$	269,234		$	273,911		$	280,307		$	828,139		$	754,502
Net interest income (TE) (a)		272,086			276,748			282,910			836,412			762,235
Provision for credit losses		28,498			7,633			1,402			42,151			(30,886	)
Noninterest income		85,974			83,225			85,337			249,529			254,422
Noninterest expense		204,675			202,138			193,502			607,697			560,538
Income tax expense		24,297			29,571			35,351			85,821			98,970
Net income	$	97,738		$	117,794		$	135,389		$	341,999		$	380,302
PERIOD-END BALANCE SHEET DATA
Loans	$	23,983,679		$	23,789,886		$	22,585,585		$	23,983,679		$	22,585,585
Securities		7,916,101			8,195,679			8,333,191			7,916,101			8,333,191
Earning assets		32,733,591			32,715,630			31,213,449			32,733,591			31,213,449
Total assets		36,298,301			36,210,148			34,567,242			36,298,301			34,567,242
Noninterest-bearing deposits		11,626,371			12,171,817			14,290,817			11,626,371			14,290,817
Total deposits		30,320,337			30,043,501			28,951,274			30,320,337			28,951,274
Common stockholders' equity		3,501,003			3,554,476			3,180,439			3,501,003			3,180,439
AVERAGE BALANCE SHEET DATA
Loans	$	23,830,724		$	23,654,994		$	22,138,709		$	23,526,808		$	21,643,149
Securities (b)		8,888,477			9,007,821			9,177,460			9,010,201			8,949,988
Earning assets		33,137,565			33,619,829			31,783,801			33,171,798			32,583,652
Total assets		35,626,927			36,205,396			34,377,773			35,665,505			35,247,985
Noninterest-bearing deposits		11,453,236			12,153,453			14,323,646			12,184,410			14,447,445
Total deposits		29,757,180			29,372,899			29,180,626			29,311,176			29,727,009
Common stockholders' equity		3,572,487			3,567,260			3,405,463			3,518,105			3,464,699
COMMON SHARE DATA
Earnings per share - diluted	$	1.12		$	1.35		$	1.55		$	3.92		$	4.33
Cash dividends per share		0.30			0.30			0.27			0.90			0.81
Book value per share (period-end)		40.64			41.27			37.12			40.64			37.12
Tangible book value per share (period-end)		30.16			30.76			26.44			30.16			26.44
Weighted average number of shares - diluted		86,437			86,370			86,020			86,368			86,439
Period-end number of shares		86,148			86,123			85,686			86,148			85,686
Market data
High sales price	$	45.15		$	43.73		$	52.65		$	54.38		$	59.82
Low sales price		35.34			31.02			41.62			31.02			41.62
Period-end closing price		36.99			38.38			45.81			36.99			45.81
Trading volume		34,506			38,854			24,976			112,391			81,474
PERFORMANCE RATIOS
Return on average assets		1.09	%		1.30	%		1.56	%		1.28	%		1.44	%
Return on average common equity		10.85	%		13.24	%		15.77	%		13.00	%		14.68	%
Return on average tangible common equity		14.53	%		17.76	%		21.58	%		17.51	%		19.98	%
Tangible common equity ratio (c)		7.34	%		7.50	%		6.73	%		7.34	%		6.73	%
Net interest margin (TE)		3.27	%		3.30	%		3.54	%		3.37	%		3.13	%
Noninterest income as a percentage of total revenue (TE)		24.01	%		23.21	%		23.17	%		22.98	%		25.03	%
Efficiency ratio (d)		56.38	%		55.33	%		51.62	%		55.14	%		54.08	%
Average loan/deposit ratio		80.08	%		80.53	%		75.87	%		80.27	%		72.81	%
Allowance for loan losses as a percentage of period-end loans		1.28	%		1.32	%		1.36	%		1.28	%		1.36	%
Allowance for credit losses as a percentage of period-end loans (e)		1.40	%		1.45	%		1.50	%		1.40	%		1.50	%
Annualized net charge-offs to average loans		0.64	%		0.06	%		0.02	%		0.27	%		0.01	%
Allowance for loan losses as a % of nonaccrual loans		507.68	%		402.07	%		769.00	%		507.68	%		769.00	%
FTE headcount		3,681			3,705			3,607			3,681			3,607
(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 nonoperating items.
(e) The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.

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HANCOCK WHITNEY CORPORATION
QUARTERLY FINANCIAL HIGHLIGHTS
(Unaudited)
	Three Months Ended
(dollars and common share data in thousands, except per share amounts)	9/30/2023			6/30/2023			3/31/2023			12/31/2022			9/30/2022
NET INCOME
Net interest income	$	269,234		$	273,911		$	284,994		$	295,501		$	280,307
Net interest income (TE) (a)		272,086			276,748			287,578			298,116			282,910
Provision for credit losses		28,498			7,633			6,020			2,487			1,402
Noninterest income		85,974			83,225			80,330			77,064			85,337
Noninterest expense		204,675			202,138			200,884			190,154			193,502
Income tax expense		24,297			29,571			31,953			36,137			35,351
Net income	$	97,738		$	117,794		$	126,467		$	143,787		$	135,389
PERIOD-END BALANCE SHEET DATA
Loans	$	23,983,679		$	23,789,886		$	23,404,523		$	23,114,046		$	22,585,585
Securities		7,916,101			8,195,679			8,390,684			8,408,536			8,333,191
Earning assets		32,733,591			32,715,630			34,106,792			31,873,027			31,213,449
Total assets		36,298,301			36,210,148			37,547,083			35,183,825			34,567,242
Noninterest-bearing deposits		11,626,371			12,171,817			12,860,027			13,645,113			14,290,817
Total deposits		30,320,337			30,043,501			29,613,070			29,070,349			28,951,274
Common stockholders' equity		3,501,003			3,554,476			3,531,232			3,342,628			3,180,439
AVERAGE BALANCE SHEET DATA
Loans	$	23,830,724		$	23,654,994		$	23,086,529		$	22,723,248		$	22,138,709
Securities (b)		8,888,477			9,007,821			9,137,034			9,200,511			9,177,460
Earning assets		33,137,565			33,619,829			32,753,781			32,244,681			31,783,801
Total assets		35,626,927			36,205,396			35,159,050			34,498,915			34,377,773
Noninterest-bearing deposits		11,453,236			12,153,453			12,963,133			13,854,625			14,323,646
Total deposits		29,757,180			29,372,899			28,792,851			28,816,338			29,180,626
Common stockholders' equity		3,572,487			3,567,260			3,412,813			3,228,667			3,405,463
COMMON SHARE DATA
Earnings per share - diluted	$	1.12		$	1.35		$	1.45		$	1.65		$	1.55
Cash dividends per share		0.30			0.30			0.30			0.27			0.27
Book value per share (period-end)		40.64			41.27			41.03			38.89			37.12
Tangible book value per share (period-end)		30.16			30.76			30.47			28.29			26.44
Weighted average number of shares - diluted		86,437			86,370			86,282			86,249			86,020
Period-end number of shares		86,148			86,123			86,066			85,941			85,686
Market data
High sales price	$	45.15		$	43.73		$	54.38		$	57.00		$	52.65
Low sales price		35.34			31.02			34.42			45.64			41.62
Period-end closing price		36.99			38.38			36.40			48.39			45.81
Trading volume		34,506			38,854			39,030			29,996			24,976
PERFORMANCE RATIOS
Return on average assets		1.09	%		1.30	%		1.46	%		1.65	%		1.56	%
Return on average common equity		10.85	%		13.24	%		15.03	%		17.67	%		15.77	%
Return on average tangible common equity		14.53	%		17.76	%		20.49	%		24.64	%		21.58	%
Tangible common equity ratio (c)		7.34	%		7.50	%		7.16	%		7.09	%		6.73	%
Net interest margin (TE)		3.27	%		3.30	%		3.55	%		3.68	%		3.54	%
Noninterest income as a percentage of total revenue (TE)		24.01	%		23.21	%		21.83	%		20.54	%		23.17	%
Efficiency ratio (d)		56.38	%		55.33	%		53.76	%		49.81	%		51.62	%
Average loan/deposit ratio		80.08	%		80.53	%		80.18	%		78.86	%		75.87	%
Allowance for loan losses as a percentage of period-end loans		1.28	%		1.32	%		1.32	%		1.33	%		1.36	%
Allowance for credit losses as a percentage of period-end loans (e)		1.40	%		1.45	%		1.46	%		1.48	%		1.50	%
Annualized net charge-offs to average loans		0.64	%		0.06	%		0.10	%		0.02	%		0.02	%
Allowance for loan losses as a % of nonaccrual loans		507.68	%		402.07	%		569.31	%		789.38	%		769.00	%
FTE headcount		3,681			3,705			3,679			3,627			3,607
(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 nonoperating items.
(e) The allowance for credit losses includes the allowance for loan and lease losses and the reserve for unfunded lending commitments.

8

HANCOCK WHITNEY CORPORATION
INCOME STATEMENT
(Unaudited)
	Three Months Ended									Nine Months Ended
(dollars in thousands, except per share data)	9/30/2023			6/30/2023			9/30/2022			9/30/2023			9/30/2022
NET INCOME
Interest income	$	415,827		$	405,273		$	299,737		$	1,193,703		$	791,387
Interest income (TE) (f)		418,679			408,110			302,340			1,201,976			799,120
Interest expense		146,593			131,362			19,430			365,564			36,885
Net interest income (TE)		272,086			276,748			282,910			836,412			762,235
Provision for credit losses		28,498			7,633			1,402			42,151			(30,886	)
Noninterest income		85,974			83,225			85,337			249,529			254,422
Noninterest expense		204,675			202,138			193,502			607,697			560,538
Income before income taxes		122,035			147,365			170,740			427,820			479,272
Income tax expense		24,297			29,571			35,351			85,821			98,970
Net income	$	97,738		$	117,794		$	135,389		$	341,999		$	380,302
NONINTEREST INCOME
Service charges on deposit accounts	$	22,264		$	21,491		$	23,272		$	64,377		$	65,441
Trust fees		16,593			17,393			16,048			50,720			48,636
Bank card and ATM fees		20,555			20,982			21,412			62,258			63,678
Investment and annuity fees and insurance commissions		8,520			8,241			6,492			25,628			21,920
Secondary mortgage market operations		2,609			2,299			3,284			7,076			10,020
Other income		15,433			12,819			14,829			39,470			44,727
Total noninterest income	$	85,974		$	83,225		$	85,337		$	249,529		$	254,422
NONINTEREST EXPENSE
Personnel expense	$	116,266		$	114,864		$	118,922		$	346,453		$	341,488
Net occupancy and equipment expense		18,210			17,750			16,938			52,902			50,413
Other real estate and foreclosed assets (income) expense, net		(26	)		(282	)		(1,782	)		(153	)		(3,634	)
Other expense		67,412			66,849			55,996			199,611			161,509
Amortization of intangibles		2,813			2,957			3,428			8,884			10,762
Total noninterest expense	$	204,675		$	202,138		$	193,502		$	607,697		$	560,538
COMMON SHARE DATA
Earnings per share:
Basic	$	1.12		$	1.35		$	1.56		$	3.93		$	4.35
Diluted		1.12			1.35			1.55			3.92			4.33
(f) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.

9

HANCOCK WHITNEY CORPORATION
INCOME STATEMENT
(Unaudited)
	Three Months Ended
(in thousands, except per share data)	9/30/2023			6/30/2023			3/31/2023		12/31/2022			9/30/2022
NET INCOME
Interest income	$	415,827		$	405,273		$	372,603	$	345,676		$	299,737
Interest income (TE) (f)		418,679			408,110			375,187		348,291			302,340
Interest expense		146,593			131,362			87,609		50,175			19,430
Net interest income (TE)		272,086			276,748			287,578		298,116			282,910
Provision for credit losses		28,498			7,633			6,020		2,487			1,402
Noninterest income		85,974			83,225			80,330		77,064			85,337
Noninterest expense		204,675			202,138			200,884		190,154			193,502
Income before income taxes		122,035			147,365			158,420		179,924			170,740
Income tax expense		24,297			29,571			31,953		36,137			35,351
Net income	$	97,738		$	117,794		$	126,467	$	143,787		$	135,389
NONINTEREST INCOME
Service charges on deposit accounts	$	22,264		$	21,491		$	20,622	$	22,222		$	23,272
Trust fees		16,593			17,393			16,734		16,496			16,048
Bank card and ATM fees		20,555			20,982			20,721		20,913			21,412
Investment and annuity fees and insurance commissions		8,520			8,241			8,867		6,832			6,492
Secondary mortgage market operations		2,609			2,299			2,168		1,504			3,284
Other income		15,433			12,819			11,218		9,097			14,829
Total noninterest income	$	85,974		$	83,225		$	80,330	$	77,064		$	85,337
NONINTEREST EXPENSE
Personnel expense	$	116,266		$	114,864		$	115,323	$	119,147		$	118,922
Net occupancy and equipment expense		18,210			17,750			16,942		16,927			16,938
Other real estate and foreclosed assets (income) expense, net		(26	)		(282	)		155		(773	)		(1,782	)
Other expense		67,412			66,849			65,350		51,582			55,996
Amortization of intangibles		2,813			2,957			3,114		3,271			3,428
Total noninterest expense	$	204,675		$	202,138		$	200,884	$	190,154		$	193,502
COMMON SHARE DATA
Earnings per share:
Basic	$	1.12		$	1.35		$	1.45	$	1.65		$	1.56
Diluted		1.12			1.35			1.45		1.65			1.55
(f) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.

10

HANCOCK WHITNEY CORPORATION
PERIOD-END BALANCE SHEET
(Unaudited)
(dollars in thousands)	9/30/2023			6/30/2023			3/31/2023			12/31/2022			9/30/2022
ASSETS
Commercial non-real estate loans	$	10,075,585		$	10,113,932		$	10,013,482		$	10,146,453		$	9,905,427
Commercial real estate - owner occupied loans		3,081,327			3,058,829			3,050,748			3,033,058			3,033,133
Total commercial and industrial loans		13,156,912			13,172,761			13,064,230			13,179,511			12,938,560
Commercial real estate - income producing loans		4,027,553			3,762,428			3,758,455			3,560,991			3,686,540
Construction and land development loans		1,614,846			1,768,252			1,726,916			1,703,592			1,541,257
Residential mortgage loans		3,721,106			3,581,514			3,329,793			3,092,605			2,843,723
Consumer loans		1,463,262			1,504,931			1,525,129			1,577,347			1,575,505
Total loans		23,983,679			23,789,886			23,404,523			23,114,046			22,585,585
Loans held for sale		15,862			55,902			23,436			26,385			33,008
Securities		7,916,101			8,195,679			8,390,684			8,408,536			8,333,191
Short-term investments		817,949			674,163			2,288,149			324,060			261,665
Earning assets		32,733,591			32,715,630			34,106,792			31,873,027			31,213,449
Allowance for loan losses		(306,291	)		(314,496	)		(309,385	)		(307,789	)		(306,116	)
Goodwill and other intangible assets		902,762			905,575			908,533			911,646			914,917
Other assets		2,968,239			2,903,439			2,841,143			2,706,941			2,744,992
Total assets	$	36,298,301		$	36,210,148		$	37,547,083		$	35,183,825		$	34,567,242
LIABILITIES
Noninterest-bearing deposits	$	11,626,371		$	12,171,817		$	12,860,027		$	13,645,113		$	14,290,817
Interest-bearing transaction and savings deposits		10,668,241			10,438,820			10,660,420			10,726,686			10,902,399
Interest-bearing public fund deposits		2,853,236			2,925,432			3,086,209			3,244,225			2,796,363
Time deposits		5,172,489			4,507,432			3,006,414			1,454,325			961,695
Total interest-bearing deposits		18,693,966			17,871,684			16,753,043			15,425,236			14,660,457
Total deposits		30,320,337			30,043,501			29,613,070			29,070,349			28,951,274
Short-term borrowings		1,425,928			1,629,538			3,519,497			1,871,271			1,542,981
Long-term debt		236,279			236,241			242,115			242,077			236,410
Other liabilities		814,754			746,392			641,169			657,500			656,138
Total liabilities		32,797,298			32,655,672			34,015,851			31,841,197			31,386,803
COMMON STOCKHOLDERS' EQUITY
Common stock net of treasury and capital surplus		2,044,611			2,037,258			2,030,136			2,026,397			2,024,960
Retained earnings		2,351,386			2,280,004			2,188,561			2,088,413			1,968,260
Accumulated other comprehensive (loss)		(894,994	)		(762,786	)		(687,465	)		(772,182	)		(812,781	)
Total common stockholders' equity		3,501,003			3,554,476			3,531,232			3,342,628			3,180,439
Total liabilities & stockholders' equity	$	36,298,301		$	36,210,148		$	37,547,083		$	35,183,825		$	34,567,242
CAPITAL RATIOS
Tangible common equity	$	2,598,241		$	2,648,901		$	2,622,699		$	2,430,982		$	2,265,522
Tier 1 capital (g)		3,552,613			3,471,066			3,369,351			3,279,419			3,154,419
Common equity as a percentage of total assets		9.65	%		9.82	%		9.40	%		9.50	%		9.20	%
Tangible common equity ratio		7.34	%		7.50	%		7.16	%		7.09	%		6.73	%
Leverage (Tier 1) ratio (g)		10.01	%		9.64	%		9.63	%		9.53	%		9.27	%
Common equity tier 1 (CET1) ratio (g)		12.04	%		11.83	%		11.60	%		11.41	%		11.10	%
Tier 1 risk-based capital ratio (g)		12.04	%		11.83	%		11.60	%		11.41	%		11.10	%
Total risk-based capital ratio (g)		13.62	%		13.44	%		13.21	%		12.97	%		12.67	%
(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.

11

HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE SHEET
(Unaudited)
	Three Months Ended									Nine Months Ended
(in thousands)	9/30/2023			6/30/2023			9/30/2022			9/30/2023			9/30/2022
ASSETS
Commercial non-real estate loans	$	10,057,941		$	9,955,499		$	9,738,424		$	9,984,957		$	9,652,463
Commercial real estate - owner occupied loans		3,060,659			3,099,326			2,993,477			3,068,259			2,925,881
Total commercial and industrial loans		13,118,600			13,054,825			12,731,901			13,053,216			12,578,344
Commercial real estate - income producing loans		3,822,711			3,860,409			3,634,667			3,756,906			3,579,735
Construction and land development loans		1,737,658			1,755,580			1,489,369			1,748,508			1,357,047
Residential mortgage loans		3,669,922			3,469,030			2,713,383			3,452,799			2,564,111
Consumer loans		1,481,833			1,515,150			1,569,389			1,515,379			1,563,912
Total loans		23,830,724			23,654,994			22,138,709			23,526,808			21,643,149
Loans held for sale		43,390			25,152			35,217			30,563			49,089
Securities (h)		8,888,477			9,007,821			9,177,460			9,010,201			8,949,988
Short-term investments		374,974			931,862			432,415			604,226			1,941,426
Earning assets		33,137,565			33,619,829			31,783,801			33,171,798			32,583,652
Allowance for loan losses		(315,371	)		(311,328	)		(308,407	)		(312,081	)		(320,771	)
Goodwill and other intangible assets		904,127			907,004			916,582			907,037			920,112
Other assets		1,900,606			1,989,891			1,985,797			1,898,751			2,064,992
Total assets	$	35,626,927		$	36,205,396		$	34,377,773		$	35,665,505		$	35,247,985
LIABILITIES AND COMMON STOCKHOLDERS' EQUITY
Noninterest-bearing deposits	$	11,453,236		$	12,153,453		$	14,323,646		$	12,184,410		$	14,447,445
Interest-bearing transaction and savings deposits		10,583,224			10,478,436			11,164,395			10,570,452			11,332,638
Interest-bearing public fund deposits		2,851,965			2,981,701			2,738,196			2,996,975			2,931,393
Time deposits		4,868,755			3,759,309			954,389			3,559,339			1,015,533
Total interest-bearing deposits		18,303,944			17,219,446			14,856,980			17,126,766			15,279,564
Total deposits		29,757,180			29,372,899			29,180,626			29,311,176			29,727,009
Short-term borrowings		1,311,049			2,386,589			950,570			1,929,204			1,285,511
Long-term debt		236,260			242,004			238,372			240,099			240,161
Other liabilities		749,951			636,644			602,742			666,921			530,605
Common stockholders' equity		3,572,487			3,567,260			3,405,463			3,518,105			3,464,699
Total liabilities & stockholders' equity	$	35,626,927		$	36,205,396		$	34,377,773		$	35,665,505		$	35,247,985
(h) Average securities does not include unrealized holding gains/losses on available for sale securities.

12

HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY
(Unaudited)
	Three Months Ended
	9/30/2023							6/30/2023							9/30/2022
(dollars in millions)	Average  Balance		Interest		Rate			Average   Balance		Interest		Rate			Average  Balance		Interest		Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i)	$	18,679.0	$	294.1		6.25	%	$	18,670.8	$	280.9		6.03	%	$	17,855.9	$	203.0		4.51	%
Residential mortgage loans		3,669.9		33.7		3.67	%		3,469.0		31.4		3.62	%		2,713.4		22.7		3.34	%
Consumer loans		1,481.8		32.2		8.61	%		1,515.2		30.7		8.14	%		1,569.4		23.2		5.87	%
Loan fees & late charges		—		0.3		0.00	%		—		0.0		0.00	%		—		1.3		0.00	%
Total loans (TE) (j) (k)		23,830.7		360.3		6.01	%		23,655.0		343.0		5.81	%		22,138.7		250.2		4.49	%
Loans held for sale		43.4		0.8		7.30	%		25.1		0.4		5.83	%		35.2		0.4		4.48	%
US Treasury and government agency securities		535.3		3.4		2.52	%		537.4		3.4		2.50	%		420.3		2.0		1.94	%
CMOs and mortgage backed securities		7,450.5		42.7		2.29	%		7,552.0		43.2		2.29	%		7,822.4		40.9		2.09	%
Municipals (TE)		879.2		6.5		2.98	%		894.9		6.7		3.00	%		911.5		6.8		2.97	%
Other securities		23.5		0.2		3.51	%		23.5		0.2		3.51	%		23.3		0.2		3.54	%
Total securities (TE) (l)		8,888.5		52.8		2.37	%		9,007.8		53.5		2.38	%		9,177.5		49.9		2.17	%
Total short-term investments		375.0		4.8		5.08	%		931.9		11.2		4.83	%		432.4		1.8		1.69	%
Average earning assets yield (TE)	$	33,137.6	$	418.7		5.02	%	$	33,619.8	$	408.1		4.87	%	$	31,783.8	$	302.3		3.78	%
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits	$	10,583.2	$	51.4		1.93	%	$	10,478.4	$	41.3		1.58	%	$	11,164.4	$	4.3		0.15	%
Time deposits		4,868.7		53.8		4.38	%		3,759.3		36.9		3.93	%		954.4		0.4		0.18	%
Public funds		2,852.0		25.6		3.57	%		2,981.7		24.3		3.27	%		2,738.2		8.9		1.28	%
Total interest-bearing deposits		18,303.9		130.8		2.84	%		17,219.4		102.5		2.39	%		14,857.0		13.6		0.36	%
Short-term borrowings		1,311.0		12.7		3.85	%		2,386.6		25.8		4.32	%		950.6		2.7		1.15	%
Long-term debt		236.3		3.1		5.19	%		242.0		3.1		5.11	%		238.4		3.1		5.20	%
Total borrowings		1,547.3		15.8		4.06	%		2,628.6		28.9		4.40	%		1,189.0		5.8		1.96	%
Total interest-bearing liabilities cost		19,851.2		146.6		2.93	%		19,848.0		131.4		2.65	%		16,046.0		19.4		0.48	%
Net interest-free funding sources		13,286.4							13,771.8							15,737.8
Total cost of funds		33,137.6		146.6		1.76	%		33,619.8		131.4		1.57	%		31,783.8		19.4		0.24	%
Net Interest Spread (TE)			$	272.1		2.09	%			$	276.7		2.21	%			$	282.9		3.30	%
Net Interest Margin (TE)	$	33,137.6	$	272.1		3.27	%	$	33,619.8	$	276.7		3.30	%	$	31,783.8	$	282.9		3.54	%
(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 $0.6 million, $0.7 million and $1.2 million for the three months ended September 30, 2023, June 30, 2023 and September 30, 2022, respectively.
(l) Average securities does not include unrealized holding gains/losses on available for sale securities.

13

HANCOCK WHITNEY CORPORATION
AVERAGE BALANCE AND NET INTEREST MARGIN SUMMARY
(Unaudited)
	Nine Months Ended
	9/30/2023								9/30/2022
(dollars in millions)	Average  Balance		Interest			Rate			Average  Balance		Interest		Rate
AVERAGE EARNING ASSETS
Commercial & real estate loans (TE) (i)	$	18,558.6	$	834.2			6.01	%	$	17,515.1	$	519.3		3.96	%
Residential mortgage loans		3,452.8		93.1			3.60	%		2,564.1		64.8		3.37	%
Consumer loans		1,515.4		92.1			8.12	%		1,563.9		61.2		5.23	%
Loan fees & late charges		—		(0.1	)		0.00	%		—		7.6		0.00	%
Total loans (TE) (j) (k)		23,526.8		1,019.3			5.79	%		21,643.1		652.9		4.03	%
Loans held for sale		30.6		1.4			6.38	%		49.1		1.5		4.17	%
US Treasury and government agency securities		538.0		10.1			2.50	%		402.0		5.4		1.79	%
CMOs and mortgage backed securities		7,556.0		129.2			2.28	%		7,612.7		111.7		1.96	%
Municipals (TE)		892.7		20.0			2.98	%		913.5		20.2		2.96	%
Other securities		23.5		0.6			3.51	%		21.8		0.5		3.40	%
Total securities (TE) (l)		9,010.2		159.9			2.37	%		8,950.0		137.8		2.05	%
Total short-term investments		604.2		21.4			4.73	%		1,941.4		6.9		0.47	%
Average earning assets yield (TE)	$	33,171.8	$	1,202.0			4.84	%	$	32,583.6	$	799.1		3.28	%
INTEREST-BEARING LIABILITIES
Interest-bearing transaction and savings deposits	$	10,570.5	$	120.0			1.52	%	$	11,332.6	$	6.7		0.08	%
Time deposits		3,559.3		104.1			3.91	%		1,015.5		1.5		0.19	%
Public funds		2,997.0		73.7			3.29	%		2,931.4		14.2		0.65	%
Total interest-bearing deposits		17,126.8		297.8			2.32	%		15,279.5		22.4		0.20	%
Short-term borrowings		1,929.2		58.5			4.06	%		1,285.5		5.1		0.53	%
Long-term debt		240.1		9.3			5.14	%		240.2		9.4		5.19	%
Total borrowings		2,169.3		67.8			4.18	%		1,525.7		14.5		1.27	%
Total interest-bearing liabilities cost		19,296.1		365.6			2.53	%		16,805.2		36.9		0.29	%
Net interest-free funding sources		13,875.7								15,778.4
Total cost of funds		33,171.8		365.6			1.47	%		32,583.6		36.9		0.15	%
Net Interest Spread (TE)			$	836.4			2.31	%			$	762.2		2.99	%
Net Interest Margin (TE)	$	33,171.8	$	836.4			3.37	%	$	32,583.6	$	762.2		3.13	%
(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 $2.1 million and $3.9 million for the nine months ended September 30, 2023 and 2022, respectively.
(l) Average securities does not include unrealized holding gains/losses on available for sale securities.

14

HANCOCK WHITNEY CORPORATION
ASSET QUALITY INFORMATION
(Unaudited)
	Three Months Ended									Nine Months Ended
(dollars in thousands)	9/30/2023			6/30/2023			9/30/2022			9/30/2023			9/30/2022
Nonaccrual loans (m)	$	60,331		$	78,220		$	39,807		$	60,331		$	39,807
ORE and foreclosed assets		4,527			2,174			2,085			4,527			2,085
Total nonaccrual loans + ORE and foreclosed assets	$	64,858		$	80,394		$	41,892		$	64,858		$	41,892
Nonaccrual loans as a percentage of loans		0.25	%		0.33	%		0.18	%		0.25	%		0.18	%
Nonaccrual loans + ORE and foreclosed assets as a % of loans, ORE and foreclosed assets		0.27	%		0.34	%		0.19	%		0.27	%		0.19	%
Accruing loans 90 days past due	$	24,170		$	7,552		$	2,600		$	24,170		$	2,600
Accruing loans 90 days past due as a percentage of loans		0.10	%		0.03	%		0.01	%		0.10	%		0.01	%
Modified/restructured loans - still accruing (n)
Modified loans - still accruing	$	28,849		$	1,010					$	28,849
Modified loans - still accruing as a % of loans		0.12	%		0.00	%					0.12	%
Restructured loans - still accruing							$	1,925					$	1,925
Restructured loans - still accruing as a % of loans								0.01	%					0.01	%
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for Loan Losses:
Beginning balance	$	314,496		$	309,385		$	308,175		$	307,789		$	342,065
Provision for loan losses		30,045			8,487			(763	)		45,847			(35,020	)
Charge-offs		(41,234	)		(6,616	)		(6,587	)		(55,822	)		(17,947	)
Recoveries		2,984			3,240			5,291			8,477			17,018
Net charge-offs		(38,250	)		(3,376	)		(1,296	)		(47,345	)		(929	)
Ending Balance	$	306,291		$	314,496		$	306,116		$	306,291		$	306,116
Reserve for Unfunded Lending Commitments:
Beginning balance	$	31,160		$	32,014		$	31,303		$	33,309		$	29,334
Provision for losses on unfunded lending commitments		(1,547	)		(854	)		2,165			(3,696	)		4,134
Ending balance	$	29,613		$	31,160		$	33,468		$	29,613		$	33,468
Total Allowance for Credit Losses	$	335,904		$	345,656		$	339,584		$	335,904		$	339,584
Total Provision for Credit Losses	$	28,498		$	7,633		$	1,402		$	42,151		$	(30,886	)
Allowance for loan losses as a percentage of period-end loans		1.28	%		1.32	%		1.36	%		1.28	%		1.36	%
Allowance for credit losses as a percentage of period-end loans		1.40	%		1.45	%		1.50	%		1.40	%		1.50	%
Allowance for loan losses as a % of nonaccrual loans		507.68	%		402.07	%		769.00	%		507.68	%		769.00	%
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries):
Commercial & real estate loans	$	35,506		$	1,233		$	(270	)	$	40,094		$	(2,695	)
Residential mortgage loans		(383	)		(291	)		(894	)		(835	)		(1,361	)
Consumer loans		3,127			2,434			2,460			8,086			4,985
Total net charge-offs	$	38,250		$	3,376		$	1,296		$	47,345		$	929
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans		0.75	%		0.03	%		(0.01	)%		0.29	%		(0.02	)%
Residential mortgage loans		(0.04	)%		(0.03	)%		(0.13	)%		(0.03	)%		(0.07	)%
Consumer loans		0.84	%		0.64	%		0.62	%		0.71	%		0.43	%
Total net charge-offs as a percentage of average loans		0.64	%		0.06	%		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 September 30, 2023 and $1.6 million at June 30, 2023, and troubled debt restructured loans totaling $2.8 million at September 30, 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 June 30, 2023 Report on Form 10-Q for a discussion of this standard.

(n) Reflects the balance outstanding at September 30, 2023 and June 30, 2023 of accruing modified loans to borrowers experiencing financial difficulty since adoption of ASU 2022-02. Refer to Note 1 of the June 30, 2023 Report on Form 10Q for a discussion of this standard. Periods presented prior to that date reflect 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.

15

HANCOCK WHITNEY CORPORATION
ASSET QUALITY INFORMATION
(Unaudited)
	Three Months Ended
(dollars in thousands)	9/30/2023			6/30/2023			3/31/2023			12/31/2022			9/30/2022
Nonaccrual loans (m)	$	60,331		$	78,220		$	54,344		$	38,991		$	39,807
ORE and foreclosed assets		4,527			2,174			1,976			2,017			2,085
Total nonaccrual loans + ORE and foreclosed assets	$	64,858		$	80,394		$	56,320		$	41,008		$	41,892
Nonaccrual loans as a percentage of loans		0.25	%		0.33	%		0.23	%		0.17	%		0.18	%
Nonaccrual loans + ORE and foreclosed assets as a % of loans, ORE and foreclosed assets		0.27	%		0.34	%		0.24	%		0.18	%		0.19	%
Accruing loans 90 days past due	$	24,170		$	7,552		$	13,155		$	4,585		$	2,600
Accruing loans 90 days past due as a percentage of loans		0.10	%		0.03	%		0.06	%		0.02	%		0.01	%
Modified/restructured loans - still accruing (n)
Modified loans - still accruing	$	28,849		$	1,010		$	10
Modified loans - still accruing as a % of loans		0.12	%		0.00	%		0.00	%
Restructured loans - still accruing										$	1,907		$	1,925
Restructured loans - still accruing as a % of loans											0.01	%		0.01	%
PROVISION AND ALLOWANCE FOR CREDIT LOSSES:
Allowance for loan losses	$	306,291		$	314,496		$	309,385		$	307,789		$	306,116
Reserve for unfunded lending commitments		29,613			31,160			32,014			33,309			33,468
Total allowance for credit losses	$	335,904		$	345,656		$	341,399		$	341,098		$	339,584
Total provision for credit losses	$	28,498		$	7,633		$	6,020		$	2,487		$	1,402
Allowance for loan losses as a percentage of period-end loans		1.28	%		1.32	%		1.32	%		1.33	%		1.36	%
Allowance for credit losses as a percentage of period-end loans		1.40	%		1.45	%		1.46	%		1.48	%		1.50	%
Allowance for loan losses as a % of nonaccrual loans		507.68	%		402.07	%		569.31	%		789.38	%		769.00	%
NET CHARGE-OFF INFORMATION
Net charge-offs (recoveries)
Commercial & real estate loans	$	35,506		$	1,233		$	3,355		$	(1,201	)	$	(270	)
Residential mortgage loans		(383	)		(291	)		(161	)		(251	)		(894	)
Consumer loans		3,127			2,434			2,525			2,425			2,460
Total net charge-offs	$	38,250		$	3,376		$	5,719		$	973		$	1,296
Net charge-offs (recoveries) as a percentage of average loans:
Commercial & real estate loans		0.75	%		0.03	%		0.07	%		(0.03	)%		(0.01	)%
Residential mortgage loans		(0.04	)%		(0.03	)%		(0.02	)%		(0.03	)%		(0.13	)%
Consumer loans		0.84	%		0.64	%		0.66	%		0.61	%		0.62	%
Total net charge-offs as a percentage of average loans:		0.64	%		0.06	%		0.10	%		0.02	%		0.02	%
AVERAGE LOANS
Commercial & real estate loans	$	18,678,969		$	18,670,814		$	18,322,189		$	18,178,496		$	17,855,937
Residential mortgage loans		3,669,922			3,469,030			3,214,439			2,968,876			2,713,383
Consumer loans		1,481,833			1,515,150			1,549,901			1,575,876			1,569,389
Total average loans	$	23,830,724		$	23,654,994		$	23,086,529		$	22,723,248		$	22,138,709

(m) Included in nonaccrual loans are nonaccruing modified loans to borrowers experiencing financial difficulties totaling less than $0.1 million at September 30, 2023, $1.6 million at June 30, 2023 and March 31, 2023 and troubled debt restructured loans totaling $2.6 million and $2.8 million at December 31, 2022 and September 30, 2022, respectively. 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 June 30, 2023 Report on Form 10-Q for a discussion of this standard.

(n) Reflects the balance outstanding at 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 June 30, 2023 Report on Form 10-Q for a discussion of this standard. Periods persented prior to that date reflect 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.

16

HANCOCK WHITNEY CORPORATION
Appendix A to the Earnings Release
Reconciliation of Non-GAAP Measure
(Unaudited)
OPERATING REVENUE (TE) AND OPERATING PRE-PROVISION NET REVENUE (TE)
	Three Months Ended															Nine Months Ended
(in thousands)	9/30/2023			6/30/2023			3/31/2023			12/31/2022			9/30/2022			9/30/2023			9/30/2022
Net interest income	$	269,234		$	273,911		$	284,994		$	295,501		$	280,307		$	828,139		$	754,502
Noninterest income		85,974			83,225			80,330			77,064			85,337			249,529			254,422
Total revenue		355,208			357,136			365,324			372,565			365,644			1,077,668			1,008,924
Taxable equivalent adjustment (o)		2,852			2,837			2,584			2,615			2,603			8,273			7,733
Nonoperating revenue		—			—			—			—			—			—			—
Operating revenue (TE)		358,060			359,973			367,908			375,180			368,247			1,085,941			1,016,657
Noninterest expense		(204,675	)		(202,138	)		(200,884	)		(190,154	)		(193,502	)		(607,697	)		(560,538	)
Nonoperating expense		—			—			—			—			—			—			—
Operating pre-provision net revenue (TE)	$	153,385		$	157,835		$	167,024		$	185,026		$	174,745		$	478,244		$	456,119
(o) Taxable equivalent (TE) amounts are calculated using a federal income tax rate of 21%.

17

EX-99.2

Third Quarter 2023Earnings Conference Call 10/17/2023 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, the impacts related to Russia’s military action in Ukraine, Federal Reserve action with respect to interest rates, the adequacy of our enterprise risk management framework, potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions, as well as the impact of recent 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 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, 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 nonoperating items HNCOCK WHITNEY 3 EOP – End of period 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 *Operating – Financial measure excluding nonoperating items ORE – Other real estate O/N– Overnight Funds PF – Public Funds *PPNR – Pre-provision net revenue (operating); also known as operating 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 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 $36.3 billion in Total Assets $24.0 billion in Total Loans $30.3 billion in Total Deposits CET1 ratio 12.04%(e) Tangible Common Equity (TCE) ratio 7.34% $3.2 billion in Market Capitalization 181 full service banking locations and 225 ATMs across our footprint Approximately 3,700 (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 September 30, 2023 (Healthcare) (ABL) (Operations) (Trust)

HWC Strong and Stable for 124 Years Strength to manage through a challenging economic environment Balance sheet de-risked in early 2020 Stable, seasoned, diversified deposits; ability to organically grow deposits Credit metrics at low levels; no signs of broad weakness in portfolio Robust ACL at 1.40% of loans Solid capital levels; remain well capitalized including all unrealized losses Significant efficiency initiatives executed in 2020/2021 Technology projects designed to 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

Third Quarter 2023 Highlights Net income totaled $97.7 million, or $1.12 per diluted share, compared to $117.8 million, or $1.35 per diluted share in 2Q23 3Q23 net income impacted by “idiosyncratic” charge-off of $29.7 million (See slide 11) Pre-provision net revenue (PPNR)* totaled $153.4 million, compared to $157.8 million in 2Q23 Loan growth of $194 million, or 3% LQA (See slide 7) Deposits increased $277 million, or 4% LQA (See slide 9) Criticized commercial loans and nonaccrual loans remain at low levels (See slide 10) ACL coverage remained solid at 1.40% (See slide 11) NIM 3.27%, compared to 3.30% in 2Q23 (See slide 13) CET1 ratio estimated at 12.04%, up 21 bps linked-quarter; TCE ratio 7.34%, compared to 7.50% in 2Q23 (See slide 18) Efficiency ratio 56.38% ($s in millions; except per share data) 3Q23 2Q23 3Q22 Net Income $97.7 $117.8 $135.4 Provision for credit losses $28.5 $7.6 $1.4 Earnings Per Share – diluted $1.12 $1.35 $1.55 Return on Assets (%) (ROA) 1.09 1.30 1.56 Return on Tangible Common Equity (%) (ROTCE) 14.53 17.76 21.58 Net Interest Margin (TE) (%) 3.27 3.30 3.54 Net Charge-offs (recoveries) (%) 0.64 0.06 0.02 CET1 Ratio (%) 12.04(e) 11.83 11.10 Tangible Common Equity (%) 7.34 7.50 6.73 Pre-Provision Net Revenue (TE)* $153.4 $157.8 $174.7 Efficiency Ratio (%) 56.38 55.33 51.62 *Non-GAAP measure: see appendix for non-GAAP reconciliation

Loans totaled $24.0 billion, up $194 million, or 3% LQA Increase in mortgage loans driven by one-time close product, which convert from construction to mortgage upon construction completion Increase in CRE-income producing partially offset by the decline in C&D related to completed multifamily projects and slowing prepayments 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 Continued Moderation in Quarterly Loan Growth Bar Chart

CRE Exposure Limited, Diversified Total Loans Outstanding % of Total Loans Commitment ($s in millions) Commercial non-RE (C&I) $7,907 33.0% $13,919 CRE - owner 2,544 10.6% 2,660 ICRE 3,492 14.6% 3,694 C&D 1,496 6.2% 3,041 Healthcare 2,118 8.8% 2,535 Equipment Finance 1,036 4.3% 1,036 Energy 206 0.9% 319 Total Commercial 18,799 78.4% 27,204 Mortgage 3,721 15.5% 3,726 Consumer 1,399 5.8% 3,426 Indirect 65 0.3% 65 Grand Total $23,984 100.0% $34,421         For Information Purposes Only (included in categories above)       Retail (C&I and CRE) $2,019 8.4% $2,521 Hospitality (C&I and CRE) $1,259 5.2% $1,462 Office - ICRE $799 3.3% $841 Office - owner $839 3.5% $872 Multifamily – ICRE $771 3.2% $795 Multifamily – C&D $419 1.7% $1,059 CRE loan portfolio is diversified by asset class, industry and geographic region CRE-Income producing (ICRE) approximately 15% of total loans and includes retail, hospitality, office, industrial, and multifamily Office-ICRE exposure down $72 million, or 8% linked-quarter Focus has shifted from traditional office to medical office within office-ICRE 31% of the office-ICRE portfolio exposure is related to medical offices Office buildings tend to be more mid-rise not necessarily high-rise that rely upon large tenants taking large space SNC Loans totaled $2.8 billion at 9/30/23, 11% of total loans or 15% of commercial loans; diverse industry concentrations As of September 30, 2023

DDA Remix Begins to Slow; Deposits Fully Fund Loan Growth Total deposits of $30.3 billion, up $277 million, or 4% LQA Decrease in noninterest-bearing DDA driven by continued shift in mix to interest-bearing deposits due to competitive rates offered during 3Q23 Increase in interest-bearing transaction and savings mostly due to competitive rates offered Decrease in interest-bearing public funds due to seasonal activity Increase in retail time deposits is due to shift from DDA deposits and competitive rates offered Brokered deposits virtually unchanged DDA as a % of total deposits was 38% at 3Q23, down from 40% at 2Q23; for additional details on deposit composition refer to slide 26 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 † Included in decrease in noninterest bearing DDA is temporary trust deposit of $247 million in 2Q23

Continued Low Levels of Criticized and Nonaccrual Loans Criticized commercial loans totaled $275 million, or 1.46% of total commercial loans, at September 30, 2023, down $27 million, or 9%, linked-quarter; decrease mostly due to one charge-off Nonaccrual loans totaled $60 million, or 0.25% of total loans, at September 30, 2023, down $18 million, or 23%, linked-quarter; decrease mostly due to one charge-off Not experiencing broad signs of weakness among any industry, collateral type, or geography 1.68% 0.18% 1.62% Total Loans $22,586 $23,114 $23,405 $23,790 $23,984 Total Commercial Loans 18,166 18,444 18,550 18,703 18,799 Criticized Commercial Loans 304 302 296 302 275 Nonaccrual Loans 40 39 54 78 60 1.64% 0.17% 1.59% 0.23% 0.33% 1.46% 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 third quarter of $28.5 million, reflects $38.3 million of net charge-offs and a reserve release of $9.8 million Charge-offs include $29.7 million related to one “idiosyncratic” charge-off; expect 4Q provision and charge-offs to return to a more normalized level Maintained solid reserve, with quarter-end reserve coverage of 1.40% Weighting applied to Moody's September 2023 economic scenarios was 40% baseline and 60% slower growth (S2), unchanged from 2Q23 Given inflation levels, market conditions, and recession concerns, scenario mix and weighting captures greater potential for slower near term economic growth than provided for in the baseline scenario Net Charge-offs Reserve Build / (Release) Total Provision  ($s in millions) 3Q23 2Q23 3Q23 2Q23 3Q23 2Q23 Commercial $35.6 $1.2 ($8.6) $2.6 $27.0 $3.8 Mortgage (0.4) (0.3) 0.3 2.0 (0.1) 1.7 Consumer 3.1 2.5 (1.5) (0.4) 1.6 2.1 Total $38.3 $3.4 ($9.8) $4.2 $28.5 $7.6 9/30/2023 6/30/2023 Portfolio ($ in millions) Amount % of Loan and Leases Outstanding Amount % of Loan and Leases Outstanding Commercial $244 1.30% $251 1.34% Mortgage 37 0.99% 37 1.02% Consumer 26 1.75% 27 1.79% Allowance for Loan and Lease Losses (ALLL) $307 1.28% $315 1.32% Reserve for Unfunded Lending Commitments 29 --- 31 --- Allowance for Credit Losses (ACL) $336 1.40% $346 1.45%

Duration of Securities Portfolio Continues to Decline Securities portfolio* totaled $8.9 billion, down $104 million linked-quarter 69% AFS, 31% HTM at 9/30/23 To reduce OCI volatility and provide flexibility to reposition and/or reprice the hedged assets in a changing rate environment, we have $514 million of FV hedges on $559 million of bonds, or 9% of AFS securities Yield 2.37%, virtually unchanged linked-quarter Premium amortization totaled $7.9 million, unchanged linked-quarter Effective duration continues to decline; 4.5 years at 9/30/23 compared to 4.7 years at 6/30/23 Net unrealized losses on securities portfolio impacted by higher 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 9/30/2023 6/30/2023 AFS ($897) ($736) HTM ($298) ($241) Total ($1,195) ($977) * Excluding unrealized losses and FV hedges adjustment

3Q23 NIM 3.27%, down 3 bps linked-quarter NIM 3.24% for the month of September 2023 NII (TE) decreased $4.7 million, or 2%, linked-quarter, driven by change in the funding mix and increasing deposit betas Federal Funds rate expected to be flat through year-end 2023 Expect NIM compression of between 3 to 5 bps in 4Q23 Headwinds: continued deposit remix (albeit at a slower pace) and expected CD repricing Tailwinds: stabilizing deposit costs and higher loan yields NIM Relatively Stable; Compression Slows 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 4.45% 5.28% 5.95% 6.47% 6.69% 7.46% New Loan Rate* - Variable 3.25% 4.79% 6.40% 7.10% 7.81% 8.28% * Loan rates represent weighted average coupon rate in the month of origination or first funded balance

Loans Loans totaled $24.0 billion at September 30, 2023 40% fixed, 60% variable (includes hybrid ARMs) 70% ($10.0 billion) of variable loans tied to SOFR 23% ($3.3 billion) of variable loans tied to Wall Street Journal Prime 6% ($810 million) of variable loans tied to AMBR 1% ($205 million) of variable loans tied to BSBY Securities Expect runoff of approximately $125 million from bond portfolio in 4Q23 Swaps/Hedges (See slide 31 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 $514 million of pay fixed/receive Fed Effective swaps designated as Fair Value Hedges on $559 million of securities; provides OCI protection and flexibility to reposition and/or reprice the hedged assets in a changing rate environment Deposits Deposits totaled $30.3 billion at September 30, 2023 74% of deposits are MMDA (excludes PF), savings, or DDA Shift in deposit mix as interest rates continue to rise 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 3Q23 As of 3Q23 Immediate +100 bps 2.5% 3.7% Immediate -100 bps -2.3% -3.6% Gradual +100 bps 1.8% 2.3% Gradual -100 bps -0.9% -1.5% 1Q22- 2Q22 2Q22- 3Q22 3Q22- 4Q22 4Q22- 1Q23 1Q23- 2Q23 2Q23- 3Q23 Cycle to date (1Q22-3Q23) Total Deposit Betas 3% 8% 21% 48% 104% 127% 33% IB Deposit Betas 5% 16% 40% 81% 156% 165% 53% Loan Betas 24% 45% 43% 50% 60% 65% 45% Total Deposit Beta excluding brokered CDs 47% 82% 115% 30%

Specialty Income Drives Fee Increase Noninterest income totaled $86.0 million, up $2.8 million, or 3% linked-quarter Increase in service charges was primarily related to higher account activity Decrease in trust fees related to 2Q23 seasonal tax accounting fees Increase in other noninterest income is primarily related to increased FHLB dividends, SBIC income, and loan-related fee income from specialty lines of business Noninterest Income Mix 9/30/23 $s in millions 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

Expenses Relatively Stable Linked-Quarter Noninterest expense totaled $204.7 million, up $2.6 million, or 1% linked-quarter Personnel expense increased $1.4 million, or 1% linked-quarter, as lower loan originations reduced the amount of personnel expense deferred (FAS 91) Other expenses increased $0.6 million, or less than 1% linked-quarter Noninterest Expense Mix 9/30/23 $s in millions 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)

Capital Levels Remain Solid and Stable CET1 ratio estimated at 12.04%, up 21 bps linked-quarter Leverage (Tier 1) ratio estimated at 10.01%, up 37 bps linked-quarter TCE ratio 7.34%, down 16 bps LQ Impact of AOCI -37 bps Dividends -7 bps Higher tangible assets -2 bps Tangible net earnings +28 bps Stock compensation and other +2 bps No shares repurchased during 3Q23 or YTD 2023 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 September 30, 2023 7.34% 10.01%(e) 12.04%(e) 13.62%(e) 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% September 30, 2022 6.73% 9.27% 11.10% 12.67% (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 9/30/2023 As Reported Inc. AOCI Losses (1) Inc. AOCI + HTM Losses(2) Well Capitalized Minimum Tangible Common Equity Ratio 7.34% 7.34% 6.73% N/A Leverage (Tier 1) Ratio (e) 10.01% 7.90% 7.29% 5.00% CET1 Ratio (e) 12.04% 9.41% 8.63% 6.50% Tier 1 Risked-Based Capital Ratio (e) 12.04% 9.41% 8.63% 8.00% Risk-Based Capital Ratio (e) 13.62% 10.99% 10.21% 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

2023 Forward Guidance Unchanged Guidance Direction 3Q23Actual FY 2023 Outlook Loans (EOP) Unchanged $24.0B Expect EOP loan growth in the range of low to mid single digits from $23.1B at 12/31/22; expect modest growth from 3Q EOP level Deposits (EOP) Unchanged $30.3B Expect EOP deposit growth in the range of flat to low single digits from $29.1B at 12/31/22; expect modest growth from 3Q EOP level Operating Pre-Provision, Net Revenue (PPNR)* Unchanged $153.4MM Expect PPNR to decrease 1%-3% from FY22 ($641.1MM); assumes NIM compression in 4Q of between 3 and 5 bps; expect 4Q PPNR level to be down slightly from 3Q Reserve for Credit Losses Unchanged $335.9MM or 1.40% of total loans Future assumptions in economic forecasts and any change in our own asset quality metrics will drive level of reserves; expect low to modest charge-offs and provision for the remainder of 2023 Noninterest Income Unchanged $86.0MM Expect noninterest income to be up 1%-2% from FY22 ($331.5MM); expect 4Q level to be down slightly from 3Q Noninterest Expense Unchanged $204.7MM Expect operating expense to be up 7.5%-8.5% from FY22 ($750.7MM); this guidance excludes any expected special FDIC assessment related to the 2023 bank failures; expect 4Q level to be down slightly from 3Q Effective Tax Rate Unchanged 19.9% Approximately 21% Efficiency Ratio Unchanged 56.38% Expect to maintain efficiency ratio below 56% for FY23 Corporate Strategic Objectives (CSOs) Long-term operating objectives reviewed/updated annually(Rate environment will either benefit or challenge us to reach our objectives) 3 Year Objective (4Q25) 3Q23 Actual ROA ≥ 1.55% 1.09% TCE ≥ 8% 7.34% ROTCE ≥ 18% 14.53% Efficiency Ratio ≤ 50% 56.38% * See additional information on NIM guidance on Slide 13; Forecasting no change from current levels for the Federal Funds rate through year-end 2023

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

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 Change Change 3Q23 2Q23 3Q22 LQ Prior Year   YTD 2023 YTD 2022 Y-o-Y           EOP Balance Sheet       23,983.7 23,789.9 22,585.6 193.8 1,398.1 Loans 23,983.7 22,585.6 1,398.1 7,916.1 8,195.7 8,333.2 (279.6) (417.1) Securities 7,916.1 8,333.2 (417.1) 32,733.6 32,715.6 31,213.4 18.0 1,520.2 Earning assets 32,733.6 31,213.4 1,520.2 36,298.3 36,210.1 34,567.2 88.2 1,731.1 Total assets 36,298.3 34,567.2 1,731.1                   30,320.3 30,043.5 28,951.3 276.8 1,369.0 Deposits 30,320.3 28,951.3 1,369.0 1,425.9 1,629.5 1,543.0 (203.6) (117.1) Short-term borrowings 1,425.9 1,543.0 (117.1) 32,797.3 32,655.7 31,386.8 141.6 1,410.5 Total liabilities 32,797.3 31,386.8 1,410.5 3,501.0 3,554.5 3,180.4 (53.5) 320.6 Stockholders' equity 3,501.0 3,180.4 320.6                             Avg Balance Sheet       23,830.7 23,655.0 22,138.7 175.7 1,692.0 Loans 23,526.8 21,643.1 1,883.7 8,888.5 9,007.8 9,177.5 (119.3) (289.0) Securities (1) 9,010.2 8,950.0 60.2 33,137.6 33,619.8 31,783.8 (482.2) 1,353.8 Average earning assets 33,171.8 32,583.7 588.1 35,626.9 36,205.4 34,377.8 (578.5) 1,249.1 Total assets 35,665.5 35,248.0 417.5                   29,757.2 29,372.9 29,180.6 384.3 576.6 Deposits 29,311.2 29,727.0 (415.8) 1,311.0 2,386.6 950.6 (1,075.6) 360.4 Short-term borrowings 1,929.2 1,285.5 643.7 32,054.4 32,638.1 30,972.3 (583.7) 1,082.1 Total liabilities 32,147.4 31,783.3 364.1 3,572.5 3,567.3 3,405.5 5.2 167.0 Stockholders' equity 3,518.1 3,464.7 53.4                   6.01% 5.81% 4.49% 20 bps 152 bps Loan yield 5.79% 4.03% 176 bps 2.37% 2.38% 2.17% (1) bps 20 bps Securities yield 2.37% 2.05% 32 bps 2.84% 2.39% 0.36% 45 bps 248 bps Cost of IB deposits 2.32% 0.20% 212 bps 79.10% 79.18% 78.01% (8) bps 109 bps Loan/Deposit ratio - EOP 79.10% 78.01% 109 bps

Balance Sheet Summary   3Q22 4Q22 1Q23 2Q23 3Q23 Average Loans ($MM) 22,139 22,723 23,087 23,655 23,831 Average Total Securities* ($MM) 9,177 9,201 9,137 9,008 8,888 Average Deposits ($MM) 29,181 28,816 28,793 29,373 29,757 Loan Yield (TE) 4.49% 5.12% 5.54% 5.81% 6.01% Cost of Deposits 0.18% 0.50% 0.91% 1.40% 1.74% Tangible Common Equity Ratio 6.73% 7.09% 7.16% 7.50% 7.34% Balance Sheet Summary   4Q19 1Q20 2Q20 3Q20 4Q20 Average Loans ($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 $3,410 $524 $2,120 $2,772 $1,178 $72 $10,076 $6,572 $3,504 CRE-Owner 918 81 277 436 1,345 24 3,081 1,053 2,028 CRE- income producing 2,318 261 580 466 398 4 4,027 2,764 1,263 Construction and land development 731 58 245 116 394 71 1,615 1,213 402 Total Commercial $7,377 $924 $3,222 $3,790 $3,315 $171 $18,799 $11,602 $7,197 Residential mortgages 56 104 77 242 1,500 1,742 3,721 1,541 2,180 Consumer 1,207 16 90 126 23 2 1,464 1,186 278 Total Loans $8,640 $1,044 $3,389 $4,158 $4,838 $1,915 $23,984 $14,329 $9,655 % of Total 36% 4% 14% 17% 20% 8% 100% 60% 40% Weighed Average Rate 8.05% 6.50% 6.41% 6.14% 3.93% 4.20% 6.29% 7.40% 4.52% (1) Based on maturity date for fixed rate loans

Total Loan Rates and Yield Trend $ in millions Total Loan Rate* - Fixed 3.95% 4.04% 4.15% 4.28% 4.40% 4.52% Total Loan Rate* - Variable 3.84% 5.11% 6.35% 6.81% 7.19% 7.40% * Loan rates represent weighted average coupon rate at end of period

Maintaining a Seasoned, Stable, Diversified Deposit Base DDAs as a % of total deposits remains among best-in-class at 38% at September 30, 2023 Uninsured deposits (adjusted for collateralized public funds) were 35% at September 30, 2023, compared to 34% at June 30, 2023 The Insured Cash Sweep (ICS) product is available to clients as a way to secure deposits above FDIC limits; balances at September 30, 2023 were $319 million, up from $221 million at June 30, 2023 Repurchase (Repo) agreements are another way for clients to secure deposits; balances at September 30, 2023 were $526 million compared to $529 million at June 30, 2023 Consumer clients comprise 43% of total deposits (50% including wealth), while commercial clients comprise 35% Deposits include $1.2 billion in brokered CDs, unchanged LQ $568 million at a rate of 5.45% (matures in December 2023) $590 million at a rate of 5.35% ($195 million matures in February 2024; $395 million matures in May 2024) Select Average Deposit Account Size by Line of Business Line of Business ($ in thousands) 12/31/19 9/30/23 Consumer $15.0 $18.5 Commercial $163.4 $199.1 Wealth $121.7 $134.3 Total Deposits $30.5 $38.4

Currently have approximately $20 billion in internal and external sources of liquidity if needed Nearly $18 billion in remaining net liquidity available at September 30, 2023 Liquidity includes $1.2 billion in brokered CDs at September 30, 2023 At September 30, 2023$ in millions TotalSources AmountUsed NetAvailability Internal Sources       Free Securities $ 3,542 $ - $ 3,542 External Sources       FHLB 6,845 987 5,858 FRB-DW 3,460 - 3,460 Brokered Deposits 4,555 1,157 3,397 Overnight Fed Funds LOCs 1,369 - 1,369 Total Available Sources of Funding $ 19,771 $ 2,144 $ 17,627 Strong Liquidity Position; Multiple Sources of Funding Available At September 30, 2023 $ in millions Cash and O/N $ 1,359 Cash and O/N as a % of Assets 3.7% Cash and O/N + Net Availability $ 18,986 Uninsured Deposits excl. PF Deposits $ 10,490 Cash and O/N + Net Availability to Adj. Uninsured deposits 181.0%

Summary Income Statement ($ in millions, except for per share data) *Non-GAAP measure: see slide 30 for non-GAAP reconciliation       Change       Change 3Q23 2Q23 3Q22 LQ Prior Year   YTD 2023 YTD 2022 Y-o-Y 272.1 276.7 282.9 (4.6) (10.8) Net interest income (TE) 836.4 762.2 74.2 28.5 7.6 1.4 20.9 27.1 Provision for credit losses 42.2 (30.9) 73.1 86.0 83.2 85.3 2.8 0.7 Noninterest income 249.5 254.4 (4.9) 204.7 202.1 193.5 2.6 11.2 Noninterest expense 607.7 560.5 47.2 122.0 147.4 170.7 (25.4) (48.7) Income before income tax 427.8 479.3 (51.5) 24.3 29.6 35.3 (5.3) (11.0) Income tax expense 85.8 99.0 (13.2) 97.7 117.8 135.4 (20.1) (37.7) Net income 342.0 380.3 (38.3) 153.4 157.8 174.7 (4.4) (21.3) Operating PPNR (TE)* 478.2 456.1 22.1                   97.7 117.8 135.4 (20.1) (37.7) Net income 342.0 380.3 (38.3) (1.0) (1.2) (2.0) 0.2 1.0 Net Income allocated to participating securities (3.6) (5.8) 2.2 96.7 116.6 133.4 (19.9) (36.7) Net Income available to common shareholders 338.4 374.5 (36.1) 86.4 86.4 86.0 - 0.4 Weighted average common shares - diluted (millions) 86.4 86.4 - 1.12 1.35 1.55 (0.23) (0.43) EPS 3.92 4.33 (0.41)                   3.27% 3.30% 3.54% -3 bps -27 bps NIM (TE) 3.37% 3.13% 24 bps 1.09% 1.30% 1.56% -21 bps -47 bps ROA 1.28% 1.44% -16 bps 10.85% 13.24% 15.77% -239 bps -492 bps ROE 13.00% 14.68% -168 bps 56.38% 55.33% 51.62% 105 bps 476 bps Efficiency ratio 55.14% 54.08% 106 bps

Operating Results *Non-GAAP measure: see slide 30 for non-GAAP reconciliation   3Q22 4Q22 1Q23 2Q23 3Q23 Operating PPNR (TE)* ($000) 174,745 185,026 167,024 157,835 153,385 Net Interest Income (TE) ($000) 282,910 298,116 287,578 276,748 272,086 Net Interest Margin (TE) 3.54% 3.68% 3.55% 3.30% 3.27% Operating Noninterest Income* ($000) 85,337 77,064 80,330 83,225 85,974 Operating Expense* ($000) 193,502 190,154 200,884 202,138 204,675 Efficiency Ratio 51.62% 49.81% 53.76% 55.33% 56.38% 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

Operating Revenue (TE), Operating PPNR (TE) Reconciliation   Three Months Ended (in thousands) 3Q23 2Q23 1Q23 4Q22 3Q22 Net interest income $269,234 $273,911 $284,994 $295,501 $280,307 Noninterest income 85,974 83,225 80,330 77,064 85,337 Total revenue $355,208 $357,136 $365,324 $372,565 $365,644 Taxable equivalent adjustment 2,852 2,837 2,584 2,615 2,603 Nonoperating revenue — — — — — Operating revenue (TE) $358,060 $359,973 $367,908 $375,180 $368,247 Noninterest expense (204,675) (202,138) (200,884) (190,154) (193,502) Nonoperating expense — — — — — Operating expense (204,675) (202,138) (200,884) (190,154) (193,502) Operating pre-provision net revenue (TE) $153,385 $157,835 $167,024 $185,026 $174,745 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 $125,660 CHANCOCK WHITNEY 31 Taxable equivalent (TE) amounts are calculated using a federal tax rate of 21%

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 3Q23 Total termination value on remaining active CF hedges is approximately ($122) million as of 9/30/23 Future maturities of existing CF hedges range from December 2025 through March 2028 Fair Value (FV) Hedges $559 million in securities are hedged with $514 million of FV hedges Duration (Market price risk) reduced from approximately 6.8 years to 2.6 years on hedged securities During 3Q23, there were no FV hedge terminations Current termination value of FV hedges is approximately $40 million at 9/30/2023 FV hedges become fully effective beginning January 2025 through July 2026; at that point we pay fixed 1.89% and receive the FF effective rate (resulting in these bonds being a variable rate of FF plus 49 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

Third Quarter 2023Earnings Conference Call 10/17/2023 HANCOCK WHITNEY

XML

Document And Entity Information	Oct. 17, 2023
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	Oct. 17, 2023
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