-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NyRKJoXgW2JrXoTfnrdiJiWqaZk22i6hrOsgYgWPSkirB3Umeg41G2zDppTQK6d2 sL4AoaPjnS4akqsyonUjMw== 0001030798-07-000080.txt : 20071217 0001030798-07-000080.hdr.sgml : 20071217 20071217171724 ACCESSION NUMBER: 0001030798-07-000080 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071214 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071217 DATE AS OF CHANGE: 20071217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HANCOCK HOLDING CO CENTRAL INDEX KEY: 0000750577 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 640693170 STATE OF INCORPORATION: MS FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13089 FILM NUMBER: 071310785 BUSINESS ADDRESS: STREET 1: ONE HANCOCK PLZ STREET 2: P.O. BOX 4019 CITY: GULFPORT STATE: MS ZIP: 39501 BUSINESS PHONE: 6018684605 MAIL ADDRESS: STREET 1: ONE HANCOCK PLZ STREET 2: P O BOX 4019 CITY: GULFPORT STATE: MS ZIP: 39501 8-K 1 hhc_8k-121407.htm HHC 8K, 12/14/07 Hancock Holding Company Form 8-K
                                               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):
                                                        December 14, 2007




                                                     HANCOCK HOLDING COMPANY
                                  -----------------------------------------------------------
                                     (Exact name of registrant as specified in its charter)


                               Mississippi                 0-13089                  64-0169065
                       -------------------------    --------------------     -----------------------------
                           (State or other            (Commission File         (I.R.S. Employer
                           jurisdiction of               Number)                 Identification Number)
                           incorporation)

                                 One Hancock Plaza, 2510 14th Street,
                                      Gulfport, Mississippi                           39501
                              ------------------------------------------------------------------
                              (Address of principal executive offices)              (Zip code)

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


                       INFORMATION TO BE INCLUDED IN THE REPORT


Item 8.01. Other Events.  On December 14, 2007, Dominion Bond Rating Service
(DBRS) issued a press release reaffirming credit rating of Hancock Holding Company
and its subsidiaries.  The press release is attached hereto as Exhibit 99.1.

Item 9.01.  Financial Statements and Exhibits

              (c)  Exhibits.

                       99.1   Press Release issued by DBRS dated December 14, 2007,
                              headed "DBRS Confirms Ratings of Hancock Holding
                              Co. - Senior at A (low)
                              Bloomberg: DBRS Confirms Hancock Holding Co. at A (low)
                              Industry Group:  Financial Institutions
                              Sub-Industry: Banks & Trusts"

Exhibit 99.1


                                             DBRS
                                    Insight beyond the rating


Date of Release: December 14,2007

DBRS Confirms Ratings of Hancock Holding Co. - Senior at A (low)
Bloomberg: DBRS Confirms Hancock Holding Co. at A (low)
Industry Group: Financial Institutions
Sub-Industry: Banks & Trusts

DBRS has today confirmed the ratings of Hancock Holding Company (Hancock or the Company) and its rated bank
subsidiaries as indicated in the table below. The trend for all ratings remains Stable. The rating action followed
a review by DBRS of Hancock's financial fundamentals, including its prospects for sustaining strong operating
results in light of the prevailing challenges facing the U.S. banking sector in the residential mortgage and
commercial real estate sectors.

The rating confirmation and Stable trend recognize Hancock's continued strong operating results and sound
fundamentals maintained over the past year, along with a healthy business momentum going into next year. Loans,
boosted by post-Hurricane Katrina reconstruction and a healthy regional economy, grew by 12.5%. Fees and
commissions from a diverse product mix also increased, contributing 36% of net revenues in Q3 2007 (up from about
30% in Q3 2006). Core deposits, elevated by customers' insurance recoveries and slower business activity following
Hurricane Katrina, started to moderate as rebuilding and business volumes gained momentum, but still remain well in
excess of average loans. Asset quality metrics continue to be strong and among the best in Hancock's rating range
with net charge-offs of 0.19% reported for the first three quarters of 2007 (from 0.24% for the same period in
2006). Profitability, liquidity and capitalization all remain at healthy levels and above the respective medians
for Hancock's similarly rated peers.

Hancock's ratings are underpinned by a deeply rooted community-based banking franchise in its primary markets of
southern Mississippi and central and southeastern Louisiana. The franchise includes leading or top-tier deposit
market shares in several metropolitan statistical areas (MSAs). The revenue mix is sufficiently diverse, arising
from various commercial and consumer loans, while insurance, trust, investment and operating services contribute
stable non-interest income to net revenues. The ratings also reflect strong earnings capacity, sound asset quality
and a robust capital position. The loan portfolio is sufficiently granular and lacks material risk concentrations.
Commercial real estate is the largest loan type, and represents roughly 280% of tangible common equity, which is
below the median for similarly sized institutions. The gradual and relatively modest expansion into Florida's
panhandle and the Mobile, Alabama, markets provides some geographic diversification and further growth prospects.
The holding company has no double-leverage, and its financial profile is healthy.

DBRS believes that the principal challenge faced by Hancock is to achieve relationship profitability, maintain
strong asset quality and increase deposits in its newer markets to levels similar to those in its traditional ones
to avoid weakening of its strong fundamentals. As well, avoiding undue risk concentrations in residential and
commercial real estate loans could be a challenge given the rapid pace of rebuilding and attendant high demand for
loans along the devastated Gulf coast region.

Hancock Holding Company, a bank holding company headquartered in Gulfport, Mississippi, reported $5.9 billion in
assets at September 30,2007.

Note:
All figures are in U.S. dollars unless otherwise noted.


Issuer                        Debt Rated                  Rating Action   Rating        Trend
- ------                        ----------                  -------------   ------        ------
Hancock Bank                  Short-Term Instruments      Confirmed       R-1(low)      Stable
Hancock Bank of Louisiana     Short-Term Instruments      Confirmed       R-1(low)      Stable
Hancock Holding Company       Short-Term Instruments      Confirmed       R-1(low)      Stable
Hancock Bank                  Deposits & Senior Debt      Confirmed       A             Stable
Hancock Bank of Louisiana     Deposits & Senior Debt      Confirmed       A             Stable
Hancock Holding Company       Issuer & Senior Debt        Confirmed       A(low)        Stable

DBRS will publish a full report shortly that will provide additional analytical detail on this rating action. If
you are interested in receiving this report, contact us at info@dbrs.com.

Mark Nolan
Vice President - U.S. Financial Institutions Group
+ 12128063234
mnolan@dbrs.com

Edward Soffer
212-806-3237
Vice President - U.S. Financial Institutions Group
esoffer@dbrs.com

Alan G. Reid
Managing Director - U.S. Financial Institutions Group
+ 12128063232
areid@dbrs.com



                                     SIGNATURE

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

Dated:   December 17, 2007

                                                       HANCOCK HOLDING COMPANY
                                                      (Registrant)


                                                 By:   /s/ Paul D. Guichet
                                                    --------------------------------
                                                      Paul D. Guichet
                                                      Vice President
                                                      Investor Relations
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