10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2012

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                          to                         

Commission File Number 0-13089

HANCOCK HOLDING COMPANY

(Exact name of registrant as specified in its charter)

Mississippi	64-0693170
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)
One Hancock Plaza, P.O. Box 4019, Gulfport, Mississippi	39502
(Address of principal executive offices)	(Zip Code)

(228) 868-4000

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name, address and fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer or a smaller reporting company. See definition of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

84,782,215 common shares were outstanding as of October 31, 2012 for financial statement purposes.

Hancock Holding Company

Index

		Page Number
Part I. Financial Information
ITEM 1.	Financial Statements
	Consolidated Balance Sheets — September 30, 2012 (unaudited) and December 31, 2011		1
	Consolidated Statements of Income (unaudited) — Three and nine months ended September 30, 2012 and 2011		2
	Consolidated Statements of Comprehensive Income (unaudited) — Three and nine months ended September 30, 2012 and 2011		3
	Consolidated Statements of Changes in Stockholders’ Equity (unaudited) — Nine months ended September 30, 2012 and 2011		4
	Consolidated Statements of Cash Flows (unaudited) — Nine months ended September 30, 2012 and 2011		5
	Notes to Consolidated Financial Statements (unaudited) — September 30, 2012		6-42
ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		43-64
ITEM 3.	Quantitative and Qualitative Disclosures about Market Risk		65
ITEM 4.	Controls and Procedures		65
Part II. Other Information
ITEM 1.	Legal Proceedings		66
ITEM 1A.	Risk Factors		66-67
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds		67
ITEM 3.	Default on Senior Securities		N/A
ITEM 4.	Mine Safety Disclosures		N/A
ITEM 5.	Other Information		N/A
ITEM 6.	Exhibits		68
Signatures			69

Part I. Financial Information

Item 1. Financial Statements

Hancock Holding Company and Subsidiaries

Consolidated Balance Sheets

(In thousands, except share data)

	September 30, 2012			December 31, 2011
	unaudited
ASSETS
Cash and due from banks	$	414,623		$	437,947
Interest-bearing bank deposits		318,632			1,184,222
Federal funds sold		1,425			197
Securities available for sale, at fair value (amortized cost of $2,128,013 and $4,401,345)		2,208,789			4,496,900
Securities held to maturity (fair value of $1,889,136)		1,844,482			—
Loans held for sale		51,097			72,378
Loans		11,451,820			11,191,901
Less: allowance for loan losses		(135,591	)		(124,881	)
unearned income		(17,372	)		(14,875	)
Loans, net		11,298,857			11,052,145
Property and equipment, net of accumulated depreciation of $155,777 and $148,780		483,713			505,387
Prepaid expenses		60,161			69,064
Other real estate, net		130,046			144,367
Accrued interest receivable		47,607			53,973
Goodwill		628,877			651,162
Other intangible assets, net		197,139			211,075
Life insurance contracts		367,269			355,026
FDIC loss share indemnification asset		184,445			212,885
Deferred tax asset, net		124,075			145,760
Other assets		162,893			181,608
Total assets	$	18,524,130		$	19,774,096
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Non-interest bearing demand	$	5,151,146		$	5,516,336
Interest-bearing savings, NOW, money market and time		9,621,805			10,197,243
Total deposits		14,772,951			15,713,579
Short-term borrowings		748,634			1,044,454
Long-term debt		308,327			353,890
Accrued interest payable		6,526			8,284
Other liabilities		253,204			286,726
Total liabilities		16,089,642			17,406,933
Stockholders’ equity
Common stock - $3.33 par value per share; 350,000,000 shares authorized, 84,781,894 and 84,705,496 issued and outstanding, respectively		282,323			282,069
Capital surplus		1,644,114			1,634,634
Retained earnings		519,838			476,970
Accumulated other comprehensive income (loss), net		(11,787	)		(26,510	)
Total stockholders’ equity		2,434,488			2,367,163
Total liabilities and stockholders’ equity	$	18,524,130		$	19,774,096

See notes to unaudited condensed consolidated financial statements.

1

Hancock Holding Company and Subsidiaries

Consolidated Statements of Income

(Unaudited)

(In thousands, except per share amounts)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Interest income:
Loans, including fees	$	166,334	$	166,300	$	497,840	$	328,892
Securities-taxable		21,141		29,004		67,889		61,021
Securities-tax exempt		1,422		1,758		4,377		4,344
Federal funds sold and other short term investments		308		633		1,304		1,448
Total interest income		189,205		197,695		571,410		395,705
Interest expense:
Deposits		7,519		15,138		25,654		42,717
Short-term borrowings		1,514		1,902		4,776		5,346
Long-term debt and other interest expense		2,916		3,613		9,977		4,777
Total interest expense		11,949		20,653		40,407		52,840
Net interest income		177,256		177,042		531,003		342,865
Provision for loan losses		8,101		9,256		26,141		27,221
Net interest income after provision for loan losses		169,155		167,786		504,862		315,644
Noninterest income:
Service charges on deposit accounts		20,834		16,860		58,015		38,745
Bank card fees		7,568		11,064		24,107		20,542
Trust fees		7,743		7,215		24,464		16,507
Insurance commissions and fees		4,045		4,356		12,103		12,234
Investment and annuity fees		4,269		4,642		13,291		11,042
ATM fees		4,302		4,127		13,479		10,148
Secondary mortgage market operations		4,311		3,477		11,328		6,921
Accretion of indemnification asset		—		5,030		5,000		13,524
Other income		9,770		8,166		26,101		16,171
Securities gains (losses), net		917		16		929		(71	)
Total noninterest income		63,759		64,953		188,817		145,763
Noninterest expense:
Compensation expense		76,173		77,355		223,945		153,734
Employee benefits		17,202		17,489		54,881		36,480
Salaries and employee benefits		93,375		94,844		278,826		190,214
Net occupancy expense		13,358		14,029		41,784		28,700
Equipment expense		5,212		5,362		19,046		11,877
Data processing expense		11,005		15,664		39,523		27,915
Professional services expense		9,447		19,915		49,207		48,061
Telecommunications and postage		5,313		5,837		17,068		12,239
Advertising		2,243		3,852		12,263		8,028
Deposit insurance and regulatory fees		3,833		2,961		11,128		9,305
Amortization of intangibles		8,110		7,097		24,336		9,332
Other expense		17,818		24,458		61,968		42,733
Total noninterest expense		169,714		194,019		555,149		388,404
Income before income taxes		63,200		38,720		138,530		73,003
Income taxes		16,216		8,342		33,747		15,210
Net income	$	46,984	$	30,378	$	104,783	$	57,793
Basic earnings per common share	$	0.55	$	0.36	$	1.23	$	0.97
Diluted earnings per common share	$	0.55	$	0.36	$	1.22	$	0.97
Dividends paid per share	$	0.24	$	0.24	$	0.72	$	0.72
Weighted avg. shares outstanding-basic		84,777		84,699		84,757		59,149
Weighted avg. shares outstanding-diluted		85,632		84,985		85,525		59,442

See notes to unaudited condensed consolidated financial statements.

2

Hancock Holding Company and Subsidiaries

Consolidated Statements of Comprehensive Income

(Unaudited)

(In thousands)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Net income	$	46,984		$	30,378		$	104,783		$	57,793
Other comprehensive income, net of tax:
Net change from retirement benefits plans		1,097			1,176			3,290			1,329
Unrealized net holding gain on securities, net of reclassifications		4,606			27,477			11,634			33,645
Net unrealized (loss) on derivatives and hedging		(28	)		(277	)		(201	)		(181	)
Other comprehensive income		5,675			28,376			14,723			34,793
Comprehensive income	$	52,659		$	58,754		$	119,506		$	92,586

See notes to unaudited condensed consolidated financial statements.

3

Hancock Holding Company and Subsidiaries

Consolidated Statements of Changes in Stockholders’ Equity

(Unaudited)

(In thousands, except share and per share data)

										Accumulated
										Other
	Common Stock				Capital		Retained			Comprehensive
	Shares		Amount		Surplus		Earnings			Income (Loss), net			Total
Balance, January 1, 2011		36,893,276	$	122,855	$	263,484	$	470,828		$	(619	)	$	856,548
Net income		—		—		—		57,793			—			57,793
Other comprehensive income		—		—		—		—			34,793			34,793
Cash dividends declared ($0.72 per common share)		—		—		—		(50,051	)		—			(50,051	)
Common stock offering		6,958,143		23,170		190,824		—			—			213,994
Common stock issued in connection with Whitney acquisition		40,794,261		135,845		1,172,199		—			—			1,308,044
Common stock activity, long-term incentive plan, including excess income tax benefit of $92		52,566		175		5,366		—			—			5,541
Balance, September 30, 2011		84,698,246	$	282,045	$	1,631,873	$	478,570		$	34,174		$	2,426,662
Balance, January 1, 2012		84,705,496	$	282,069	$	1,634,634	$	476,970		$	(26,510	)	$	2,367,163
Net income		—		—		—		104,783			—			104,783
Other comprehensive income		—		—		—		—			14,723			14,723
Cash dividends declared ($0.72 per common share)		—		—		—		(61,915	)		—			(61,915	)
Common stock issued, long-term incentive plan, including excess income tax benefit of $292		76,398		254		9,480		—			—			9,734
Balance, September 30, 2012		84,781,894	$	282,323	$	1,644,114	$	519,838		$	(11,787	)	$	2,434,488

See notes to unaudited condensed consolidated financial statements.

4

Hancock Holding Company and Subsidiaries

Consolidated Statements of Cash Flows

(Unaudited)

(In thousands)

	Nine Months Ended September 30,
	2012			2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	104,783		$	57,793
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		25,228			15,730
Provision for loan losses		26,141			27,221
Losses on other real estate owned		17,901			1,586
Deferred tax provision		35,557			37,574
Increase in cash surrender value of life insurance contracts		(12,759	)		(8,694	)
(Gain) loss on sales of securities available for sale, net		(929	)		71
Gain on disposal of other assets		(921	)		(597	)
Net decrease in loans originated for sale		21,989			6,479
Net amortization of securities premium/discount		38,241			14,400
Amortization of intangible assets		24,390			9,332
Stock-based compensation expense		7,718			4,738
Decrease in interest payable and other liabilities		(30,059	)		(19,426	)
Decrease in FDIC indemnification asset		28,440			106,601
Decrease in other assets		34,322			23,892
Other, net		(292	)		53
Net cash provided by operating activities		319,750			276,753
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities available for sale		37,661			323,569
Proceeds from maturities of securities available for sale		880,438			586,923
Purchases of securities available for sale		(208,775	)		(1,242,599	)
Proceeds from maturities of securities held to maturity		263,357			—
Purchases of investment securities held to maturity		(560,435	)		—
Net decrease in interest-bearing bank deposits		865,590			194,753
Net (increase) decrease in federal funds sold and short term investments		(1,228	)		271,423
Net (increase) decrease in loans		(324,495	)		225,544
Purchases of property, equipment and intangible assets		(34,815	)		(62,010	)
Proceeds from sales of property and equipment		5,403			9,290
Proceeds from life contracts		516			—
Cash paid for acquisition, net of cash received		—			(74,736	)
Proceeds from sales of other real estate		76,427			52,994
Net cash paid for divestiture of branches		—			(114,645	)
Net cash provided by investing activities		999,644			170,506
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in deposits		(940,629	)		(486,114	)
Net decrease in short-term borrowings		(295,820	)		(28,067	)
Repayments of long-term debt		(52,065	)		(6,186	)
Issuance of long term debt		6,502			142,461
Dividends paid		(61,916	)		(50,051	)
Proceeds from exercise of stock options		1,210			710
Proceeds from stock offering		—			213,994
Net cash used in financing activities		(1,342,718	)		(213,253	)
NET (DECREASE) INCREASE IN CASH AND DUE FROM BANKS		(23,324	)		234,006
CASH AND DUE FROM BANKS, BEGINNING		437,947			139,687
CASH AND DUE FROM BANKS, ENDING	$	414,623		$	373,693
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES
Assets acquired in settlement of loans	$	63,917		$	57,402
Transfers from available for sale securities to held to maturity securities		1,523,585			—
Fair value of assets acquired	$	—		$	11,235,000
Liabilities assumed		—			(10,133,000	)
Net identifiable assets acquired		—			1,102,000

See notes to unaudited condensed consolidated financial statements.

5

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

1. Basis of Presentation

The consolidated financial statements include the accounts of Hancock Holding Company and all majority-owned subsidiaries (the “Company”). They include all adjustments that are, in the opinion of management, necessary to present fairly the Company’s financial condition, results of operations, changes in stockholders’ equity and cash flows for the interim periods presented. Some financial information and disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted in this Form 10-Q pursuant to Securities and Exchange Commission rules and regulations. These financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s 2011 Annual Report on Form 10-K. Financial information reported in these financial statements is not necessarily indicative of the Company’s financial condition, results of operations, or cash flows for any other interim or annual periods.

Use of Estimates

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and with general practices followed by the banking industry. These accounting principles require management to make estimates and assumptions about future events that affect the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ significantly from those estimates.

Critical Accounting Policies and Estimates

There have been no material changes or developments with respect to the assumptions or methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as disclosed in our Form 10-K for the year ended December 31, 2011.

Securities

Securities that the Company both positively intends and has the ability to hold to maturity are classified as securities held to maturity and are carried at amortized cost. The intent and ability to hold are not considered satisfied when a security is available to be sold in response to changes in interest rates, prepayment rates, liquidity needs or other reasons as part of an overall asset/liability management strategy. Premiums and discounts on securities, both those held to maturity and those available for sale, are amortized and accreted to income as an adjustment to the securities’ yields using the effective interest method. Realized gains and losses on securities, including declines in value judged to be other than temporary, are reported net as a component of noninterest income. The cost of securities sold is specifically identified for use in calculating realized gains and losses.

6

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements

(Unaudited)

2. Fair Value

The Financial Accounting Standards Board (FASB) defines fair value as the exchange price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The FASB’s guidance also established a fair value hierarchy that prioritizes the inputs to these valuation techniques used to measure fair value, giving preference to quoted prices in active markets for identical assets or liabilities (level 1) and the lowest priority to unobservable inputs such as a reporting entity’s own data (level 3). Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in markets that are not active, observable inputs other than quoted prices, such as interest rates and yield curves, and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following tables present for each of the fair value hierarchy levels the Company’s assets and liabilities that are measured at fair value (in thousands) on a recurring basis in the consolidated balance sheets.

	September 30, 2012
	(Level 1)		(Level 2)		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	18,408	$	—	$	18,408
Municipal obligations		—		76,132		76,132
Corporate debt securities		3,750		—		3,750
Mortgage-backed securities		—		1,904,520		1,904,520
Collateralized mortgage obligations		—		200,696		200,696
Equity securities		5,283		—		5,283
Total available-for-sale securities		27,441		2,181,348		2,208,789
Derivatives
Interest rate contracts - assets		—		21,198		21,198
Total recurring fair value measurements - assets	$	27,441	$	2,202,546	$	2,229,987
Liabilities
Derivatives
Interest rate contracts - liabilities	$	—	$	22,423	$	22,423
Total recurring fair value measurements - liabilities	$	—	$	22,423	$	22,423

7

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

2. Fair Value (continued)

	December 31, 2011
	(Level 1)		(Level 2)		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	250,067	$	—	$	250,067
Municipal obligations		—		309,665		309,665
Corporate debt securities		4,494		—		4,494
Mortgage-backed securities		—		2,480,345		2,480,345
Collateralized mortgage obligations		—		1,446,076		1,446,076
Equity securities		6,253		—		6,253
Total available-for-sale securities		260,814		4,236,086		4,496,900
Derivatives
Interest rate contracts - assets		—		14,952		14,952
Total recurring fair value measurements - assets	$	260,814	$	4,251,038	$	4,511,852
Liabilities
Derivatives
Interest rate contracts - liabilities	$	—	$	15,643	$	15,643
Total recurring fair value measurements - liabilities	$	—	$	15,643	$	15,643

Securities classified as level 1 within the valuation hierarchy include U.S. Treasury securities, obligations of U.S. Government-sponsored agencies, and certain other debt and equity securities. Level 2 classified securities include residential mortgage-backed securities and collateralized mortgage obligations that are issued or guaranteed by U.S. government agencies, and state and municipal bonds. The level 2 fair value measurements for investment securities are obtained quarterly from a third-party pricing service that uses industry-standard pricing models. Substantially all of the model inputs were observable in the marketplace or can be supported by observable data. The Company invests only in high quality securities of investment grade quality with a targeted duration, for the overall portfolio, generally between two to five years. Company policies limit investments to securities having a rating of not less than “Baa” or its equivalent by a nationally recognized statistical rating agency, except for certain non-rated obligations of counties, parishes and municipalities within our markets in Mississippi, Louisiana, Texas, Florida and Alabama. There were no transfers between valuation hierarchy levels during the periods shown.

The fair value of derivative financial instruments, which are predominantly interest rate swaps, is obtained from a third-party pricing service that uses an industry-standard discounted cash flow model that relies on inputs, such as interest rate futures, observable in the marketplace. To comply with the accounting guidance, credit valuation adjustments are incorporated in the fair values to appropriately reflect nonperformance risk for both the Company and the counterparties. Although the Company has determined that the majority of the inputs used to value the derivative instruments fall within level 2 of the fair value hierarchy, the credit value adjustments utilize level 3 inputs, such as estimates of current credit spreads. The Company has determined that the impact of the credit valuation adjustments is not significant to the overall valuation of these derivatives. As a result, the Company has classified its derivative valuations in their entirety in level 2 of the fair value hierarchy. The Company’s policy is to measure counterparty credit risk quarterly for all derivative instruments subject to master netting arrangements consistent with how market participants would price the net risk exposure at the measurement date.

8

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

2. Fair Value (continued)

Fair Value of Assets Measured on a Nonrecurring Basis

Certain assets and liabilities are measured at fair value on a nonrecurring basis. Collateral-dependent impaired loans are level 2 assets measured using third-party appraisals of the collateral or other market-based information such as recent sales activity for similar assets in the property’s market. Other real estate owned are level 2 assets carried at the balance of the loan or at estimated fair value of collateral less estimated selling costs, whichever is less. Fair values are determined by sales agreement or third-party appraisal.

The following tables present for each of the fair value hierarchy levels the Company’s financial assets that are measured at fair value (in thousands) on a nonrecurring basis.

	September 30, 2012
	(Level 1)		(Level 2)		Total
Collateral dependent impaired loans	$	—	$	77,259	$	77,259
Other real estate owned		—		130,046		130,046
Total nonrecurring fair value measurements	$	—	$	207,305	$	207,305
	December 31, 2011
	(Level 1)		(Level 2)		Total
Collateral dependent impaired loans	$	—	$	55,252	$	55,252
Other real estate owned		—		144,367		144,367
Total nonrecurring fair value measurements	$	—	$	199,619	$	199,619

Accounting guidance from the FASB requires the disclosure of estimated fair value information about certain on- and off- balance sheet financial instruments, including those financial instruments that are not measured and reported at fair value on a recurring basis. The significant methods and assumptions used by the Company to estimate the fair value of financial instruments are discussed below.

Cash, Short-Term Investments and Federal Funds Sold - For these short-term instruments, the carrying amount is a reasonable estimate of fair value.

Securities – The fair value measurement for securities available for sale was discussed earlier. The same measurement techniques were applied to the valuation of securities held to maturity.

Loans, Net - The fair value measurement for certain impaired loans was discussed earlier. For the remaining portfolio, fair values were generally determined by discounting scheduled cash flows by discount rates determined with reference to current market rates at which loans with similar terms would be made to borrowers of similar credit quality.

Accrued Interest Receivable and Accrued Interest Payable - The carrying amounts are a reasonable estimate of fair value.

9

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

2. Fair Value (continued)

Deposits - The accounting guidance requires that the fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, interest-bearing checking and savings accounts, be assigned fair values equal to amounts payable upon demand (carrying amounts). The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities.

Securities Sold under Agreements to Repurchase and Federal Funds Purchased - For these short-term liabilities, the carrying amount is a reasonable estimate of fair value.

Long-Term Debt - The fair value is estimated by discounting the future contractual cash flows using current market rates at which debt with similar terms could be obtained.

Derivative Financial Instruments – The fair value measurement for derivative financial instruments was discussed earlier.

The following tables present the estimated fair values of the Company’s financial instruments by fair value hierarchy levels and the corresponding carrying amount at September 30, 2012 and December 31, 2011 (in thousands):

	September 30, 2012
							Total		Carrying
	(Level 1)		(Level 2)		(Level 3)		Fair Value		Amount
Financial assets:
Cash, interest-bearing bank deposits, and federal funds sold	$	734,680	$	—	$	—	$	734,680	$	734,680
Available for sale securities		27,441		2,181,348		—		2,208,789		2,208,789
Held to maturity securities		—		1,889,136		—		1,889,136		1,844,482
Loans, net		—		77,259		11,484,291		11,561,550		11,298,857
Loans held for sale		—		50,389		—		50,389		50,389
Accrued interest receivable		47,607		—		—		47,607		47,607
Derivative financial instruments		—		21,198		—		21,198		21,198
Financial liabilities:
Deposits	$	—	$	—	$	14,789,902	$	14,789,902	$	14,772,951
Federal funds purchased		29,521		—		—		29,521		29,521
Securities sold under agreements to repurchase		719,113		—		—		719,113		719,113
Long-term debt		—		333,371		—		333,371		308,327
Accrued interest payable		6,526		—		—		6,526		6,526
Derivative financial instruments		—		22,423		—		22,423		22,423

10

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

2. Fair Value (continued)

	December 31, 2011
							Total		Carrying
	(Level 1)		(Level 2)		(Level 3)		Fair Value		Amount
Financial assets:
Cash, interest-bearing bank deposits, and federal funds sold	$	1,622,366	$	—	$	—		1,622,366	$	1,622,366
Available for sale securities		260,814		4,236,086		—		4,496,900		4,496,900
Loans, net		—		55,252		11,134,410		11,189,662		11,052,144
Loans held for sale		—		72,378		—		72,378		72,378
Accrued interest receivable		53,973		—		—		53,973		53,973
Derivative financial instruments		—		14,952		—		14,952		14,952
Financial liabilities:
Deposits	$	—	$	—	$	15,737,667	$	15,737,667	$	15,713,579
Federal funds purchased		16,819		—		—		16,819		16,819
Securities sold under agreements to repurchase		1,027,635		—		—		1,027,635		1,027,635
Long-term debt		—		365,421		—		365,421		353,890
Accrued interest payable		8,284		—		—		8,284		8,284
Derivative financial instruments		—		15,643		—		15,643		15,643

3. Securities

The amortized cost and fair value of securities classified as available for sale and held to maturity follow (in thousands):

Securitites Available for Sale
	September 30, 2012								December 31, 2011
	Amortized		Gross Unrealized		Gross Unrealized		Fair		Amortized		Gross Unrealized		Gross Unrealized		Fair
	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
U.S. Treasury	$	150	$	10	$	—	$	160	$	150	$	14	$	—	$	164
U.S. government agencies		18,201		47		—		18,248		248,595		1,308		—		249,903
Municipal obligations		74,967		1,168		3		76,132		294,489		15,218		42		309,665
Mortgage-backed securities		1,826,624		77,908		12		1,904,520		2,422,891		58,150		696		2,480,345
CMOs		199,792		937		33		200,696		1,426,495		21,774		2,193		1,446,076
Corporate debt securities		3,750		—		—		3,750		4,517		11		34		4,494
Other equity securities		4,529		764		10		5,283		4,208		2,086		41		6,253
	$	2,128,013	$	80,834	$	58	$	2,208,789	$	4,401,345	$	98,561	$	3,006	$	4,496,900

Securitites Held to Maturity
	September 30, 2012								December 31, 2011
			Gross		Gross						Gross		Gross
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value		Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Municipal obligations	$	174,362	$	16,510	$	5	$	190,867		—		—		—		—
Mortgage-backed securities		195,070		4,816		—		199,886		—		—		—		—
CMOs		1,475,050		25,039		1,706		1,498,383		—		—		—		—
	$	1,844,482	$	46,365	$	1,711	$	1,889,136		—		—		—		—

11

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

3. Securities (continued)

During the first quarter of 2012, the Company reclassified approximately $1.5 billion of securities available for sale as securities held to maturity. As a result of the acquisition of Whitney National Bank, the securities portfolio increased to such a size that the company determined that only a portion of the portfolio is needed to be held for sale for liquidity purposes. The securities reclassified consisted primarily of CMOs and in-market municipal securities. The securities were transferred at fair value, which became the cost basis for the securities held to maturity. The unrealized net holding gain on the available for sale securities on the date of transfer totaled approximately $39 million, and continued to be reported, net of tax, as a component of accumulated other comprehensive income. This net unrealized gain is being accreted to interest income over the remaining life of the securities as a yield adjustment, which serves to offset the impact of the amortization of the net premium created in the transfer. There were no gains or losses recognized as a result of this transfer.

The following table presents the amortized cost and fair value of debt securities classified as available for sale and held to maturity at September 30, 2012, by contractual maturity (in thousands). Actual maturities will differ from contractual maturities because of rights to call or repay obligations with or without penalties.

	Amortized		Fair
	Cost		Value
Debt Securities Available for Sale
Due in one year or less	$	53,882	$	54,121
Due after one year through five years		195,876		197,715
Due after five years through ten years		338,242		351,122
Due after ten years		1,535,484		1,600,548
Total available for sale debt securities	$	2,123,484	$	2,203,506

	Amortized		Fair
	Cost		Value
Debt Securities Held to Maturity
Due in one year or less	$	16,868	$	16,996
Due after one year through five years		428,653		436,073
Due after five years through ten years		101,657		111,686
Due after ten years		1,297,304		1,324,381
Total held to maturity securities	$	1,844,482	$	1,889,136

The Company held no securities classified as trading at September 30, 2012 or December 31, 2011. The Company held no securities classified as held to maturity at December 31, 2011.

12

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

3. Securities (continued)

The details concerning securities classified as available for sale with unrealized losses as of September 30, 2012 follow (in thousands):

Available for sale
	Losses < 12 months				Losses 12 months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
U.S. Treasury	$	—	$	—	$	—	$	—	$	—	$	—
U.S. government agencies		—		—		—		—		—		—
Municipal obligations		545		3		960		1		1,505		4
Mortgage-backed securities		1,587		2		1,348		9		2,935		11
CMOs		49,995		33		—		—		49,995		33
Corporate debt securities		—		—		—		—		—		—
Equity securities		—		—		217		10		217		10
	$	52,127	$	38	$	2,525	$	20	$	54,652	$	58

The details concerning securities classified as available for sale with unrealized losses as of December 31, 2011 follow (in thousands):

Available for sale
	Losses < 12 months				Losses 12 months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
U.S. Treasury	$	—	$	—	$	—	$	—	$	—	$	—
U.S. government agencies		—		—		—		—		—		—
Municipal obligations		18,854		42		—		—		18,854		42
Mortgage-backed securities		212,900		692		337		4		213,237		696
CMOs		296,860		2,193		—		—		296,860		2,193
Corporate debt securities		398		34		—		—		398		34
Equity securities		1,685		39		2		2		1,687		41
	$	530,697	$	3,000	$	339	$	6	$	531,036	$	3,006

13

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

3. Securities (continued)

The details concerning securities classified as held to maturity with unrealized losses as of September 30, 2012 follow (in thousands):

Held to maturity
	Losses < 12 months				Losses 12 months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
Municpal obligations	$	1,862	$	5	$	—	$	—		1,862	$	5
CMOs		308,580		747		74,499		959		383,079	$	1,706
	$	310,442	$	752	$	74,499	$	959	$	384,941	$	1,711

Substantially all of the unrealized losses relate mainly to changes in market rates on fixed-rate debt securities since the respective purchase date. In all cases, the indicated impairment would be recovered no later than the security’s maturity date or possibly earlier if the market price for the security increases with a reduction in the yield required by the market. None of the unrealized losses relate to the marketability of the securities or the obligor’s ability to honor redemption of the obligations. The Company has adequate liquidity and, therefore, does not plan to sell and, more likely than not, will not be required to sell these securities before full recovery of the indicated impairment. Accordingly, the unrealized losses on these securities have been determined to be temporary.

Securities with a fair value of approximately $2.4 billion at September 30, 2012 and $3.0 billion at December 31, 2011 were pledged primarily to secure public deposits or securities sold under agreements to repurchase.

14

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses

Loans, net of unearned income, consisted of the following:

	September 30,		December 31,
	2012		2011
	(In thousands)
Originated loans:
Commerical non-real estate	$	2,416,143	$	1,525,409
Construction and land development		628,067		540,806
Commercial real estate		1,421,526		1,259,757
Residential mortgages		757,471		487,147
Consumer		1,357,987		1,074,611
Total originated loans	$	6,581,194	$	4,887,730
Acquired loans:
Commerical non-real estate	$	1,797,827	$	2,236,758
Construction and land development		368,476		603,371
Commercial real estate		1,378,706		1,656,515
Residential mortgages		532,551		734,669
Consumer		219,962		386,540
Total acquired loans	$	4,297,522	$	5,617,853
Covered loans:
Commerical non-real estate	$	21,855	$	38,063
Construction and land development		48,094		118,828
Commercial real estate		106,775		82,651
Residential mortgages		271,618		285,682
Consumer		107,390		146,219
Total covered loans	$	555,732	$	671,443
Total loans:
Commerical non-real estate	$	4,235,825	$	3,800,230
Construction and land development		1,044,637		1,263,005
Commercial real estate		2,907,007		2,998,923
Residential mortgages		1,561,640		1,507,498
Consumer		1,685,339		1,607,370
Total loans	$	11,434,448	$	11,177,026

15

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

The following briefly describes the distinction between originated, acquired and covered loans and certain significant accounting policies relevant to each category.

Originated loans

Loans originated for investment are reported at the principal balance outstanding net of unearned income. Interest on loans and accretion of unearned income are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recognized in income as earned. The accrual of interest on originated loans is discontinued when it is determined to be probable that the borrower will not be able to meet payment obligations as they become due. The Company maintains an allowance for loan losses on originated loans that represents management’s estimate of probable losses inherent in this portfolio category. The methodology for estimating the allowance is described in Note 1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2011. As actual losses are incurred, they are charged against the allowance. Subsequent recoveries are added back to the allowance when collected.

Acquired loans

Acquired loans are those purchased in the Whitney Holding Corporation acquisition on June 4, 2011. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The acquired loans were segregated between those considered to be performing (“acquired performing”) and those with evidence of credit deterioration (“acquired impaired”), and then further segregated into pools using common risk characteristics, such as loan type, geography and risk rating. The fair value estimate for each pool was based on an estimate of cash flows, both principal and interest, expected to be collected from that pool, discounted at prevailing market rates of interest. Each pool is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows.

The difference between the fair value of an acquired performing loan pool and the contractual amounts due at the acquisition date (the “fair value discount”) is accreted into income over the estimated life of the pool. Management estimates an allowance for loan losses for acquired performing loans at each subsequent reporting date using a methodology similar to that used for originated loans. The allowance determined for each loan pool is compared to the remaining fair value discount for that pool. If the allowance is greater, the excess is added to the reported allowance through a provision for loan losses. If the allowance is less, no additional allowance or provision is recognized. Actual losses are first charged against any remaining fair value discount for the loan pool. Once the discount is fully depleted, losses are applied against the allowance established for that pool. Acquired performing loans are considered and reported as nonperforming and past due using the same criteria applied to the originated portfolio. The accrual of interest on acquired performing loans is discontinued when, in management’s opinion, it is probable that the borrower will be unable to meet payment obligations as they become due, as well as when required by regulatory provisions.

The excess of cash flows expected to be collected from an acquired impaired loan pool over the pool’s estimated fair value at acquisition is referred to as the accretable yield and is recognized in interest income using an effective yield method over the remaining life of the pool. Management updates the estimate of cash flows expected to be collected on each acquired impaired loan pool at each reporting date. If expected cash flows for a pool decrease, an increase in the reported allowance for loan losses is made through a provision for loan losses. If expected cash flows for a pool increase, any previously established allowance for loan losses is reversed and any remaining difference increases the accretable yield which will be taken into interest income over the remaining life of the loan pool.

16

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

Covered loans and the related FDIC loss share indemnification asset

The loans purchased in the 2009 acquisition of Peoples First Community Bank are covered by two loss share agreements between the FDIC and the Company that afford the Company significant loss protection. Covered loans are accounted for as acquired impaired loans as described above. The loss share indemnification asset is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferable should the loans be sold. The fair value of the indemnification asset at acquisition was estimated by discounting projected cash flows from the loss share agreements based on expected reimbursements for allowable loss claims, including appropriate consideration of possible true-up payments to the FDIC at the expiration of the agreements. The discounted amount is accreted into non-interest income over the remaining life of the covered loan pool or the life of the loss share agreement.

In the following discussion and tables, commercial loans include the commercial non-real estate, construction and land development and commercial real estate loans categories shown in the previous table.

The following schedule shows activity in the allowance for loan losses, by portfolio segment and the corresponding recorded investment in loans, for the nine months ended September 30, 2012 and September 30, 2011.

17

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

Originated loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	60,211		$	4,894		$	18,141		$	83,246
Charge-offs		(18,036	)		(4,889	)		(11,663	)		(34,588	)
Recoveries		4,225			310			3,060			7,595
Net provision for loan losses		12,618			4,336			6,542			23,496
Increase in indemnification asset		—			—			—			—
Ending balance	$	59,018		$	4,651		$	16,080		$	79,749
Ending balance:
Individually evaluated for impairment	$	8,469		$	133		$	—		$	8,602
Ending balance:
Collectively evaluated for impairment	$	50,549		$	4,518		$	16,080		$	71,147
Loans:
Ending balance:	$	4,465,736		$	757,471		$	1,357,987		$	6,581,194
Ending balance:
Individually evaluated for impairment	$	78,337		$	7,524		$	—		$	85,861
Ending balance:
Collectively evaluated for impairment	$	4,387,399		$	749,947		$	1,357,987		$	6,495,333
Covered loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	18,203		$	9,024		$	14,408		$	41,635
Charge-offs		(22,839	)		—			—			(22,839	)
Recoveries		—			—			—			—
Net provision for loan losses (a)		12,744			2,196			(12,295	)		2,645
Increase in indemnification asset (a)		22,650			11,189			562			34,401
Ending balance	$	30,758		$	22,409		$	2,675		$	55,842
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment	$	30,758		$	22,409		$	2,675		$	55,842
Loans:
Ending balance:	$	176,724		$	271,618		$	107,390		$	555,732
Ending balance:
Individually evaluated for impairment	$	5,769		$	393		$	—		$	6,162
Ending balance:
Collectively evaluated for impairment	$	170,955		$	271,225		$	107,390		$	549,570
Total loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	78,414		$	13,918		$	32,549		$	124,881
Charge-offs		(40,875	)		(4,889	)		(11,663	)		(57,427	)
Recoveries		4,225			310			3,060			7,595
Net provision for loan losses (a)		25,362			6,532			(5,753	)		26,141
Increase in indemnification asset (a)		22,650			11,189			562			34,401
Ending balance	$	89,776		$	27,060		$	18,755		$	135,591
Ending balance:
Individually evaluated for impairment	$	8,469		$	133		$	—		$	8,602
Ending balance:
Collectively evaluated for impairment	$	81,307		$	26,927		$	18,755		$	126,989
Loans:
Ending balance:	$	8,187,469		$	1,561,640		$	1,685,339		$	11,434,448
Ending balance:
Individually evaluated for impairment	$	84,106		$	7,917		$	—		$	92,023
Ending balance:
Collectively evaluated for impairment	$	8,103,363		$	1,553,723		$	1,685,339		$	11,342,425
Ending balance:
Acquired loans (b)	$	3,545,009		$	532,551		$	219,962		$	4,297,522

(a) The Company increased the allowance by $37.0 million for losses related to impairment on certain pools of covered loans. This provision was mostly offset by a $34.4 million increase in the FDIC indemnification asset.

(b) In accordance with purchase accounting rules, the Whitney loans were recorded at their fair value at the time of the acquisition, and the prior allowance for loan losses was eliminated. No allowance has been established on these acquired loans since the acquisition date. These loans are included in the ending balance of loans collectively evaluated for impairment.

18

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

Originated loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2011
Allowance for loan losses:
Beginning balance, January 1, 2011	$	56,859		$	4,626		$	19,840		$	81,325
Charge-offs		(25,598	)		(1,774	)		(8,855	)		(36,227	)
Recoveries		9,863			1,044			2,813			13,720
Net provision for loan losses		17,514			5,286			2,748			25,548
Increase in indemnification asset		—			—			—			—
Ending balance	$	58,638		$	9,182		$	16,546		$	84,366
Ending balance:
Individually evaluated for impairment	$	5,959		$	641		$	—		$	6,600
Ending balance:
Collectively evaluated for impairment	$	52,679		$	8,541		$	16,546		$	77,766
Loans:
Ending balance:	$	3,119,291		$	412,267		$	1,001,162		$	4,532,720
Ending balance:
Individually evaluated for impairment	$	44,317		$	5,199		$	—		$	49,516
Ending balance:
Collectively evaluated for impairment	$	3,074,974		$	407,068		$	1,001,162		$	4,483,204
Covered loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2011
Allowance for loan losses:
Beginning balance, January 1, 2011	$	—		$	—		$	672		$	672
Charge-offs		—			—			(375	)		(375	)
Recoveries		—			—			—			—
Net provision for loan losses (a)		1,328			—			345			1,673
Increase in indemnification asset (a)		19,583			—			12,194			31,777
Ending balance	$	20,911		$	—		$	12,836		$	33,747
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment	$	20,911		$	—		$	12,836		$	33,747
Loans:
Ending balance:	$	301,960		$	262,246		$	157,625		$	721,831
Ending balance:
Individually evaluated for impairment	$	32,869		$	1,237		$	—		$	34,106
Ending balance:
Collectively evaluated for impairment	$	269,091		$	261,009		$	157,625		$	687,725
Total loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2011
Allowance for loan losses:
Beginning balance, January 1, 2011	$	56,859		$	4,626		$	20,512		$	81,997
Charge-offs		(25,598	)		(1,774	)		(9,230	)		(36,602	)
Recoveries		9,863			1,044			2,813			13,720
Net provision for loan losses (a)		18,842			5,286			3,093			27,221
Increase in indemnification asset (a)		19,583			—			12,194			31,777
Ending balance	$	79,549		$	9,182		$	29,382		$	118,113
Ending balance:
Individually evaluated for impairment	$	5,959		$	641		$	—		$	6,600
Ending balance:
Collectively evaluated for impairment	$	73,590		$	8,541		$	29,382		$	111,513
Loans:
Ending balance:	$	8,075,247		$	1,451,506		$	1,575,516		$	11,102,269
Ending balance:
Individually evaluated for impairment	$	77,186		$	6,436		$	—		$	83,622
Ending balance:
Collectively evaluated for impairment	$	7,998,061		$	1,445,070		$	1,575,516		$	11,018,647
Ending balance:
Acquired loans (b)	$	4,653,996		$	776,993		$	416,729		$	5,847,718

(a) The Company increased the allowance by $33.4 million for losses related to impairment on certain pools of covered loans. This provision was mostly offset by a $31.8 million increase in the FDIC indemnification asset.

(b) In accordance with purchase accounting rules, the Whitney loans were recorded at their fair value at the time of the acquisition, and the prior allowance for loan losses was eliminated. No allowance has been established on these acquired loans since the acquisition date. These loans are included in the ending balance of loans collectively evaluated for impairment.

19

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

The following table shows the composition of non-accrual loans by portfolio segment and class. Acquired impaired and certain covered loans are considered to be performing due to the application of the accretion method and are excluded from the table. Covered loans accounted for using the cost recovery method do not have an accretable yield and are disclosed below as non-accrual loans. Acquired performing loans that have subsequently been placed on non-accrual status are also disclosed below.

	September 30,		December 31,
	2012		2011
	(In thousands)
Originated loans:
Commercial	$	112,165	$	55,046
Residential mortgages		11,288		24,406
Consumer		4,588		3,855
Total originated loans	$	128,041	$	83,307
Acquired loans:
Commercial	$	12,838	$	—
Residential mortgages		7,606		—
Consumer		2,480		1,117
Total acquired loans	$	22,924	$	1,117
Covered loans:
Commercial	$	5,769	$	18,209
Residential mortgages		393		637
Consumer		—		—
Total covered loans	$	6,162	$	18,846
Total loans:
Commercial	$	130,772	$	73,255
Residential mortgages		19,287		25,043
Consumer		7,068		4,972
Total loans	$	157,127	$	103,270

The amount of interest that would have been recorded on nonaccrual loans and taken into income for the nine months ended September 30, 2012 was approximately $5.8 million. Interest actually received on nonaccrual loans during the nine months ended September 30, 2012 was $1.4 million.

Included in nonaccrual loans at September 30, 2012 is $21.6 million in restructured commercial loans. Total troubled debt restructurings (TDRs) as of September 30, 2012 were $32.3 million and $18.1 million at December 31, 2011. Modified acquired impaired loans are not removed from their accounting pool and accounted for as TDRs, even if those loans would otherwise be deemed TDRs.

20

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

The table below details the troubled debt restructurings (TDR) that occurred for the three and nine months ended September 30, 2012 and 2011 by portfolio segment (dollar amounts in thousands). During these periods, no loan modified as a TDR defaulted within twelve months of its modification date. A reserve analysis is completed on all loans that have been determined to be troubled debt restructurings by management. All troubled debt restructurings are rated substandard and are considered impaired in calculating the allowance for loan losses.

	Three Months Ended
	September 30, 2012						September 30, 2011
Troubled Debt Restructurings:	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number  of Contracts			Pre-Modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Originated loans:
Commercial		9	$	11,350	$	11,974		1		$	15,855		$	13,425
Residential mortgages		3		997		847		(2	)		(711	)		(695	)
Consumer		—		—		—		—			—			—
Total originated loans		12	$	12,347	$	12,821		(1	)	$	15,144		$	12,730
Aquired loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total acquired loans		—	$	—	$	—		—		$	—		$	—
Covered loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total covered loans		—	$	—	$	—		—		$	—		$	—
Total loans:
Commercial		9	$	11,350	$	11,974		1		$	15,855		$	13,425
Residential mortgages		3		997		847		(2	)		(711	)		(695	)
Consumer		—		—		—		—			—			—
Total loans		12	$	12,347	$	12,821		(1	)	$	15,144		$	12,730

	Three Months Ended
	September 30, 2012				September 30, 2011
Troubled Debt Restructurings That Subsequently Defaulted:	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Originated loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total originated loans		—	$	—		2	$	742
Aquired loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total acquired loans		—	$	—		—	$	—
Covered loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total covered loans		—	$	—		—	$	—
Total loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total loans		—	$	—		2	$	742

21

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

	Nine Months Ended
	September 30, 2012						September 30, 2011
Troubled Debt Restructurings:	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts			Pre-Modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Originated loans:
Commercial		7	$	14,360	$	13,369		11		$	3,447		$	1,822
Residential mortgages		3		960		825		(1	)		(546	)		(415	)
Consumer		—		—		—		—			—			—
Total originated loans		10	$	15,320	$	14,194		10		$	2,901		$	1,407
Aquired loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total acquired loans		—	$	—	$	—		—		$	—		$	—
Covered loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total covered loans		—	$	—	$	—		—		$	—		$	—
Total loans:
Commercial		7	$	14,360	$	13,369		11		$	3,447		$	1,822
Residential mortgages		3		960		825		(1	)		(546	)		(415	)
Consumer		—		—		—		—			—			—
Total loans		10	$	15,320	$	14,194		10		$	2,901		$	1,407

	Nine Months Ended
	September 30, 2012				September 30, 2011
Troubled Debt Restructurings That Subsequently Defaulted:	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Originated loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total originated loans		—	$	—		2	$	742
Aquired loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total acquired loans		—	$	—		—	$	—
Covered loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total covered loans		—	$	—		—	$	—
Total loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total loans		—	$	—		2	$	742

22

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

The following table presents impaired loans disaggregated by class at September 30, 2012 and December 31, 2011:

September 30, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(In thousands)
Originated loans:
With no related allowance recorded:
Commercial	$	36,994	$	61,108	$	—	$	17,661	$	273
Residential mortgages		6,520		10,862		—		2,863		149
Consumer		—		—		—		—		—
		43,514		71,970		—		20,524		422
With an allowance recorded:
Commercial		41,343		48,853		8,469		39,278		319
Residential mortgages		1,004		1,210		133		5,642		—
Consumer		—		—		—		—		—
		42,347		50,063		8,602		44,920		319
Total:
Commercial		78,337		109,961		8,469		56,939		592
Residential mortgages		7,524		12,072		133		8,505		149
Consumer		—		—		—		—		—
Total originated loans	$	85,861	$	122,033	$	8,602	$	65,444	$	741
Covered loans:
With no related allowance recorded:
Commercial		—		—		—		—		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		—		—		—		—		—
With an allowance recorded: (a)
Commercial		5,769		13,082		—		9,634		—
Residential mortgages		393		787		—		506		—
Consumer		—		—		—		—		—
		6,162		13,869		—		10,140		—
Total:
Commercial		5,769		13,082		—		9,634		—
Residential mortgages		393		787		—		506		—
Consumer		—		—		—		—		—
Total covered loans	$	6,162	$	13,869	$	—	$	10,140	$	—
Total loans:
With no related allowance recorded:
Commercial		36,994		61,108		—		17,661		273
Residential mortgages		6,520		10,862		—		2,863		149
Consumer		—		—		—		—		—
		43,514		71,970		—		20,524		422
With an allowance recorded:
Commercial		47,112		61,935		8,469		48,912		319
Residential mortgages		1,397		1,997		133		6,148		—
Consumer		—		—		—		—		—
		48,509		63,932		8,602		55,060		319
Total:
Commercial		84,106		123,043		8,469		66,573		592
Residential mortgages		7,917		12,859		133		9,011		149
Consumer		—		—		—		—		—
Total loans	$	92,023	$	135,902	$	8,602	$	75,584	$	741

(a) Impaired Cost Recovery loans generally will not have an allowance as the balance is charged down as the impairment is recognized.

23

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
December 31, 2011	Investment		Balance		Allowance		Investment		Recognized
	(In thousands)
Originated loans:
With no related allowance recorded:
Commercial	$	10,177	$	24,935	$	—	$	13,992	$	359
Residential mortgages		1,153		1,957		—		1,087		58
Consumer		—		—		—		—		—
		11,330		26,892		—		15,079		417
With an allowance recorded:
Commercial		28,034		33,168		6,988		31,959		254
Residential mortgages		4,090		5,360		551		5,007		7
Consumer		—		—		—		—		—
		32,124		38,528		7,539		36,966		261
Total:
Commercial		38,211		58,103		6,988		45,951		613
Residential mortgages		5,243		7,317		551		6,094		65
Consumer		—		—		—		—		—
Total originated loans	$	43,454	$	65,420	$	7,539	$	52,045	$	678
Covered loans:
With no related allowance recorded:
Commercial		17,874		21,757		—		4,469		—
Residential mortgages		429		845		—		1,847		—
Consumer		—		—		—		—		—
		18,303		22,602		—		6,316		—
With an allowance recorded:
Commercial		335		335		9		27,765		—
Residential mortgages		208		228		19		52		—
Consumer
		543		563		28		27,817		—
Total:
Commercial		18,209		22,092		9		32,234		—
Residential mortgages		637		1,073		19		1,899		—
Consumer		—		—		—		—		—
Total covered loans	$	18,846	$	23,165	$	28	$	34,133	$	—
Total loans:
With no related allowance recorded:
Commercial		28,051		46,692		—		18,461		359
Residential mortgages		1,582		2,802		—		2,934		58
Consumer		—		—		—		—		—
		29,633		49,494		—		21,395		417
With an allowance recorded:
Commercial		28,369		33,503		6,997		59,724		254
Residential mortgages		4,298		5,588		570		5,059		7
Consumer		—		—		—		—		—
		32,667		39,091		7,567		64,783		261
Total:
Commercial		56,420		80,195		6,997		78,185		613
Residential mortgages		5,880		8,390		570		7,993		65
Consumer		—		—		—		—		—
Total loans	$	62,300	$	88,585	$	7,567	$	86,178	$	678

No acquired loans were evaluated individually for impairment at September 30, 2012 or December 31, 2011.

24

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

Covered loans and loans acquired with existing credit impairment with an accretable yield are considered to be current in the following delinquency table. Certain covered loans accounted for using the cost recovery method are disclosed according to their contractual payment status below. The following table presents the age analysis of past due loans at September 30, 2012 and December 31, 2011:

													Recorded
					Greater than								investment
	30-59 days		60-89 days		90 days		Total				Total		> 90 days
September 30, 2012	past due		past due		past due		past due		Current		Loans		and accruing
	(In thousands)
Originated loans:
Commercial	$	21,202	$	9,456	$	64,986	$	95,644	$	4,370,092	$	4,465,736	$	4,019
Residential mortgages		118		2,175		9,120		11,413		746,058		757,471		—
Consumer		5,338		1,333		5,014		11,685		1,346,302		1,357,987		2,404
Total	$	26,658	$	12,964	$	79,120	$	118,742	$	6,462,452	$	6,581,194	$	6,423
Acquired loans:
Commercial	$	18,413	$	6,226	$	8,694	$	33,333	$	3,511,676	$	3,545,009	$	1,435
Residential mortgages		2,930		2,346		6,439		11,715		520,836		532,551		1,020
Consumer		625		293		1,939		2,857		217,105		219,962		28
Total	$	21,968	$	8,865	$	17,072	$	47,905	$	4,249,617	$	4,297,522	$	2,483
Covered loans:
Commercial	$	—	$	—	$	5,028	$	5,028	$	171,696	$	176,724	$	—
Residential mortgages		—		—		393		393		271,225		271,618		—
Consumer		—		—		—		—		107,390		107,390		—
Total	$	—	$	—	$	5,421	$	5,421	$	550,311	$	555,732	$	—
Total loans:
Commercial	$	39,615	$	15,682	$	78,708	$	134,005	$	8,053,464	$	8,187,469	$	5,454
Residential mortgages		3,048		4,521		15,952		23,521		1,538,119		1,561,640		1,020
Consumer		5,963		1,626		6,953		14,542		1,670,797		1,685,339		2,432
Total	$	48,626	$	21,829	$	101,613	$	172,068	$	11,262,380	$	11,434,448	$	8,906
													Recorded
					Greater than								investment
	30-59 days		60-89 days		90 days		Total				Total		> 90 days
December 31, 2011	past due		past due		past due		past due		Current		Loans		and accruing
	(In thousands)
Originated loans:
Commercial	$	23,996	$	943	$	58,867	$	83,806	$	3,242,166	$	3,325,972	$	3,821
Residential mortgages		17,884		4,364		25,400		47,648		439,499		487,147		994
Consumer		1,803		2,481		3,911		8,195		1,066,416		1,074,611		56
Total	$	43,683	$	7,788	$	88,178	$	139,649	$	4,748,081	$	4,887,730	$	4,871
Acquired loans:
Commercial	$	—	$	—	$	—	$	—	$	4,496,644	$	4,496,644	$	—
Residential mortgages		—		—		—		—		734,669		734,669		—
Consumer		1,698		430		2,126		4,254		382,286		386,540		1,009
Total	$	1,698	$	430	$	2,126	$	4,254	$	5,613,599	$	5,617,853	$	1,009
Covered loans:
Commercial	$	—	$	—	$	18,209	$	18,209	$	221,333	$	239,542	$	—
Residential mortgages		—		—		637		637		285,045		285,682		—
Consumer		—		—		—		—		146,219		146,219		—
Total	$	—	$	—	$	18,846	$	18,846	$	652,597	$	671,443	$	—
Total loans:
Commercial	$	23,996	$	943	$	77,076	$	102,015	$	7,960,143	$	8,062,158	$	3,821
Residential mortgages		17,884		4,364		26,037		48,285		1,459,213		1,507,498		994
Consumer		3,501		2,911		6,037		12,449		1,594,921		1,607,370		1,065
Total	$	45,381	$	8,218	$	109,150	$	162,749	$	11,014,277	$	11,177,026	$	5,880

25

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

The following table presents the credit quality indicators of the Company’s various classes of loans at September 30, 2012 and December 31, 2011. December 31, 2011 commercial-originated and commercial-acquired, pass and substandard grades, were restated due to the correction of a misclassification. Commercial-originated pass was overstated with commercial-originated substandard understated by $91.6 million. Commercial-acquired pass was understated and commercial-acquired substandard was overstated by the same amount. Portfolio totals by risk grade were unchanged.

Commercial Credit Exposure

Credit Risk Profile by Internally Assigned Grade

	September 30, 2012								December 31, 2011
	Commercial -		Commercial -		Commercial -		Total		Commercial -		Commercial -		Commercial -		Total
	originated		acquired		covered		commercial		originated		acquired		covered		commercial
	(In thousands)								(In thousands)
Grade:
Pass	$	4,027,383	$	3,239,019	$	31,170	$	7,297,572	$	3,019,100	$	3,974,463	$	16,843	$	7,010,406
Pass-Watch		85,989		76,231		20,285		182,505		76,393		60,042		13,606		150,041
Special Mention		79,617		42,967		6,720		129,304		35,155		125,852		9,368		170,375
Substandard		272,267		186,541		55,677		514,485		194,900		334,357		124,371		653,628
Doubtful		480		251		62,865		63,596		424		1,930		75,242		77,596
Loss		—		—		7		7		—		—		112		112
Total	$	4,465,736	$	3,545,009	$	176,724	$	8,187,469	$	3,325,972	$	4,496,644	$	239,542	$	8,062,158
Residential Mortgage Credit Exposure Credit Risk Profile by Internally Assigned Grade
	September 30, 2012								December 31, 2011
	Residential		Residential		Residential		Total		Residential		Residential		Residential		Total
	mortgages -		mortgages -		mortgages -		residential		mortgages -		mortgages -		mortgages -		residential
	originated		acquired		covered		mortgages		originated		acquired		covered		mortgages
	(In thousands)								(In thousands)
Grade:
Pass	$	730,385	$	491,450	$	128,240	$	1,350,075	$	460,261	$	673,751	$	120,180	$	1,254,192
Pass-Watch		3,422		3,686		15,000		22,108		7,499		1,773		18,133		27,405
Special Mention		784		5,879		3,050		9,713		542		9,686		3,286		13,514
Substandard		22,880		31,480		107,184		161,544		18,845		48,581		139,643		207,069
Doubtful		—		56		18,144		18,200		—		878		4,440		5,318
Loss		—		—		—		—		—		—		—		—
Total	$	757,471	$	532,551	$	271,618	$	1,561,640	$	487,147	$	734,669	$	285,682	$	1,507,498
Consumer Credit Exposure Credit Risk Profile Based on Payment Activity
	September 30, 2012								December 31, 2011
	Consumer -		Consumer -		Consumer -		Total		Consumer -		Consumer -		Consumer -		Total
	originated		acquired		covered		Consumer		originated		acquired		covered		Consumer
	(In thousands)								(In thousands)
Performing	$	1,353,399	$	217,482	$	107,390	$	1,678,271	$	1,070,756	$	385,423	$	146,219	$	1,602,398
Nonperforming		4,588		2,480		—		7,068		3,855		1,117		—		4,972
Total	$	1,357,987	$	219,962	$	107,390	$	1,685,339	$	1,074,611	$	386,540	$	146,219	$	1,607,370

26

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

Loan review uses a risk-focused continuous monitoring program that provides for an independent, objective and timely review of credit risk within the company.

Below are the definitions of the Company’s internally assigned grades:

Commercial:

• Pass - loans properly approved, documented, collateralized, and performing which do not reflect an abnormal credit risk.

• Pass - Watch - Credits in this category are of sufficient risk to cause concern. This category is reserved for credits that display negative performance trends. The “Watch” grade should be regarded as a transition category.

• Special Mention - These credits exhibit some signs of “Watch,” but to a greater magnitude. These credits constitute an undue and unwarranted credit risk, but not to a point of justifying a classification of “Substandard.” They have weaknesses that, if not checked or corrected, weaken the asset or inadequately protect the bank.

• Substandard - These credits constitute an unacceptable risk to the bank. They have recognized credit weaknesses that jeopardize the repayment of the debt. Repayment sources are marginal or unclear.

• Doubtful - A Doubtful credit has all of the weaknesses inherent in one classified “Substandard” with the added characteristic that weaknesses make collection in full highly questionable or improbable.

• Loss - Credits classified as Loss are considered uncollectable and are charged off promptly once so classified.

Consumer:

• Performing – Loans on which payments of principal and interest are less than 90 days past due.

• Non-performing – A non-performing loan is a loan that is in default or close to being in default and there are good reasons to doubt that payments will be made in full. All loans rated as non-accrual are also non-performing.

The Company held $51.1 million and $72.4 million, respectively, in loans held for sale at September 30, 2012 and December 31, 2011. Of the $51.1 million, $4.9 million are problem commercial loans held for sale. The remainder of $46.2 million represents mortgage loans originated for sale, which are carried at the lower of cost or estimated fair value. Residential mortgage loans are originated on a best-efforts basis, whereby a commitment by a third party to purchase the loan has been received concurrent with the Banks’ commitment to the borrower to originate the loan.

27

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

4. Loans and Allowance for Loan Losses (continued)

Changes in the carrying amount of acquired impaired loans and accretable yield are presented in the following table for the nine months ended September 30, 2012 and the year ended December 31, 2011:

	September 30, 2012												December 31, 2011
	Covered						Non-covered						Covered						Non-covered
	Carrying						Carrying						Carrying						Carrying
	Amount			Accretable			Amount			Accretable			Amount			Accretable			Amount			Accretable
	of Loans			Yield			of Loans			Yield			of Loans			Yield			of Loans			Yield
(In thousands)
Balance at beginning of period	$	671,443		$	153,137		$	339,452		$	130,691		$	809,459		$	107,638		$	—		$	—
Additions		—			—			—			—			—			—			535,489			132,136
Payments received, net		(150,344	)		—			(181,287	)		—			(193,432	)		—			(206,306	)		—
Accretion		34,633			(34,633	)		38,826			(38,826	)		55,416			(55,416	)		10,269			(22,719	)
Decrease in expected cash flows based on actual cash flow and changes in cash flow assumptions		—			(9,807	)		—			(6,180	)		—			(18,930	)		—			(26,630	)
Net transfers from nonaccretable difference to accretable yield		—			18,967			—			95,308			—			119,845			—			47,904
Balance at end of period	$	555,732		$	127,664		$	196,991		$	180,993		$	671,443		$	153,137		$	339,452		$	130,691

5. Derivatives

Risk Management Objective of Using Derivatives

The Company enters into derivative financial instruments to manage risks related to differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments, currently related to our variable rate borrowing. The Company has also entered into interest rate derivative agreements as a service provided to certain qualifying customers. The Company manages a matched book with respect to its customer derivatives in order to minimize its net risk exposure resulting from such agreements.

28

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

5. Derivatives (continued)

Fair Values of Derivative Instruments on the Balance Sheet

The Company has made an accounting policy election to use the exception in Accounting Standards Codification (ASC) 820-10-35-18D (commonly referred to as the “portfolio exception”) with respect to measuring counterparty credit risk for derivative instruments, consistent with the guidance in ASC 820-10-35-18G. The table below presents the fair value (in thousands) of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of September 30, 2012 and December 31, 2011.

Fair Values of Derivative Instruments

	Asset Derivatives						Liability Derivatives
	As of September 30, 2012			As of December 31, 2011			As of September 30, 2012			As of December 31, 2011
	Balance			Balance			Balance			Balance
	Sheet	Fair		Sheet	Fair		Sheet	Fair		Sheet	Fair
	Location	Value		Location	Value		Location	Value		Location	Value
Derivatives designated as hedging instruments
Interest rate products	Other assets	$	—	Other assets	$	—	Other liabilities	$	437	Other liabilities	$	107
Total derivatives designated as hedging instruments		$	—		$	—		$	437		$	107
Derivatives not designated as hedging instruments
Interest rate products	Other assets	$	21,198	Other assets	$	14,952	Other liabilities	$	21,986	Other liabilities	$	15,536
Total derivatives not designated as hedging instruments		$	21,198		$	14,952		$	21,986		$	15,536

Cash Flow Hedges of Interest Rate Risk

The Company’s objectives in using interest rate derivatives are to decrease volatility in interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps. For hedges of the Company’s variable-rate borrowings, interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed payments. As of September 30, 2012, the Company had one interest rate swap with an aggregate notional amount of $140.0 million that was designated as a cash flow hedge of the Company’s forecasted variable cash flows under a variable-rate term loan agreement.

29

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

5. Derivatives (continued)

The effective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in accumulated other comprehensive income (“AOCI”) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The impact on AOCI was insignificant during 2011, and the impact of reclassifications on earnings during 2012 has been and is expected to continue to be insignificant. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. No hedge ineffectiveness was recognized during the three or nine months ended September 30, 2012. Amounts reported in AOCI related to these derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate liabilities. During the next twelve months, the Company estimates that $0.4 million will be reclassified as a decrease to interest expense.

Derivatives Not Designated as Hedges

The Company’s derivatives not designated as hedges result from a service the Banks provide to certain customers and are not speculative in nature. The Banks execute interest rate derivatives, primarily rate swaps, with commercial banking customers to facilitate their risk management strategies. The Banks simultaneously enters into offsetting agreements with unrelated financial institutions, thereby minimizing its net risk exposure resulting from such transactions. As the interest rate derivatives associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings. As of September 30, 2012, the Banks had entered into interest rate derivatives, including both customer and offsetting agreements, with an aggregate notional amount of $888.4 million related to this program.

Effect of Derivative Instruments on the Income Statement

The effect of the Company’s derivative financial instruments on the income statement was immaterial for the three and nine months ended September 30, 2012 and 2011.

Credit-risk-related Contingent Features

Certain of the Banks’ derivative instruments contain provisions allowing the financial institution counterparty to terminate the contracts in certain circumstances, such as the downgrade of the Banks’ credit ratings below specified levels, a default by the Bank on its indebtedness, or the failure of a Bank to maintain specified minimum regulatory capital ratios or its regulatory status as a well-capitalized institution. These derivative agreements also contain provisions regarding the posting of collateral by each party. As of September 30, 2012, the aggregate fair value of derivative instruments with credit-risk-related contingent features that were in a net liability position was $18.9 million, for which the Banks had posted collateral of $17.5 million.

30

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

6. Earnings Per Share

Hancock calculates earnings per share using the two-class method. The two-class method allocates net income to each class of common stock and participating security according to common dividends declared and participation rights in undistributed earnings. Participating securities consist of unvested stock-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents.

Following is a summary of the information used in the computation of earnings per common share using the two-class method (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Numerator:
Net income to common shareholders	$	46,984	$	30,378	$	104,783	$	57,793
Net income allocated to participating securities - basic and diluted		281		101		844		252
Net income allocated to common shareholders - basic and diluted	$	46,703	$	30,277	$	103,939	$	57,541
Denominator:
Weighted-average common shares - basic		84,777		84,699		84,757		59,149
Dilutive potential common shares		855		286		768		293
Weighted average common shares - diluted		85,632		84,985		85,525		59,442
Earnings per common share:
Basic	$	0.55	$	0.36	$	1.23	$	0.97
Diluted	$	0.55	$	0.36	$	1.22	$	0.97

7. Share-Based Payment Arrangements

Stock Option Plans

Hancock maintains incentive compensation plans that provide for awards of share-based compensation for employees and directors. These plans have been approved by the Company’s shareholders. Detailed descriptions of these plans were included in Note 13 to the consolidated financial statements in the Company’s annual report on Form 10-K for the year ended December 31, 2011.

31

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

7. Share-Based Payment Arrangements (continued)

A summary of option activity for the nine months ended September 30, 2012 is presented below:

Options	Number of Shares			Weighted- Average Exercise Price ($)		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value ($000)
Outstanding at January 1, 2012		1,686,907		$	41.05
Granted		152,140			29.73
Exercised		(41,099	)		22.33
Forfeited or expired		(199,299	)		57.67
Outstanding at September 30, 2012		1,598,649		$	38.38		5.4	$	977
Exercisable at September 30, 2012		955,215		$	42.29		3.4	$	584

152,140 stock options were granted on May 24, 2012 with a fair value on the grant date of $8.43 per share. The fair value of each option award was estimated as of the grant date using the Black-Scholes-Merton option-pricing model. The significant assumptions made in applying the option-pricing model are noted in the following table. Expected volatilities are based on implied volatilities from traded options on the Company’s stock, historical volatility of the Company’s stock and other factors. The expected term of options granted was derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option was based on the U.S. Treasury yield curve in effect at the time of the grant.

Expected volatility	38.64	%
Dividend yield	3.23	%
Expected term	6.58 years
Risk-free interest rate	1.78	%

The total intrinsic value of options exercised during the nine months ended September 30, 2012 and 2011 was $0.5 million and $0.1 million, respectively.

32

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

7. Share-Based Payment Arrangements (continued)

A summary of the status of the Company’s nonvested restricted share awards as of September 30, 2012, and changes during the nine months ended September 30, 2012, is presented below. These restricted shares are subject to service requirements.

	Number of Shares			Weighted- Average Grant-Date Fair Value ($)
Nonvested at January 1, 2012		1,460,776		$	25.66
Granted		536,252			23.51
Vested		(28,032	)		40.54
Forfeited		(91,204	)		30.03
Nonvested at September 30, 2012		1,877,792		$	24.62

Hancock also makes annual grants of performance stock to key members of executive and senior management. On January 26, 2012, Hancock granted a target award of 14,858 performance shares and on May 24, 2012, Hancock granted a target award of 12,939 performance shares with a fair value on the grant date of $36.16 per share. The number of 2012 performance shares that ultimately vest at the end of the three-year required service period will be based on the relative rank of Hancock’s three-year total shareholder return (TSR) among the TSRs of a peer group of fifty regional banks. The maximum number of performance shares that could vest is 200% of the target award. The fair value of this award at the grant date was determined using a Monte Carlo simulation method. Compensation expense for these performance shares will be recognized on a straight-line basis over the service period.

As of September 30, 2012, there was $30.4 million of total unrecognized compensation expense related to nonvested restricted shares and performance shares. This compensation is expected to be recognized in expense over a weighted-average period of 3.3 years. The total fair value of restricted shares which vested during the nine months ended September 30, 2012 and 2011 was $0.9 million and $8.0 million, respectively.

8. Retirement Plans

The Company has defined benefit pension plans covering legacy Hancock employees as well as plans covering certain legacy Whitney employees. The Whitney plans have been closed to new participants since 2008, and benefit accruals have been frozen for participants who did not meet certain vesting, age and years of service criteria as of December 31, 2008. The Company also sponsors defined benefit postretirement plans for both legacy Hancock and legacy Whitney employees that provide health care and life insurance benefits. Benefits under the Whitney plan are restricted to retirees who were already receiving benefits at the time of plan amendments in 2007 or active participants who were eligible to receive benefits as of December 31, 2007. The Company is in the process of reviewing all retirement benefit plans to determine appropriate changes needed to transition employees into the appropriate combined benefit plans.

33

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

8. Retirement Plans (continued)

The following tables show the components of net periodic benefits cost included in expense for both the Hancock and Whitney Plans for the three-month and nine-month periods of 2012 and 2011. The Whitney plans reflect amounts from the date of the merger in June 2011.

Hancock Plans

	Pension Benefits						Other Post- retirement  Benefits
	Three Months Ended September 30,
	2012			2011			2012			2011
	(In thousands)
Service cost	$	1,703		$	1,173		$	48		$	34
Interest cost		1,484			1,363			209			153
Expected return on plan assets		(2,101	)		(1,372	)		—			—
Amortization of prior service cost		—			—			(13	)		(13	)
Amortization of net loss		1,220			585			176			135
Amortization of transition obligation		—			—			1			1
Net periodic benefit cost	$	2,306		$	1,749		$	421		$	310
	Pension Benefits						Other Post- retirement  Benefits
	Nine Months Ended September 30,
	2012			2011			2012			2011
	(In thousands)
Service cost	$	5,109		$	3,517		$	144		$	103
Interest cost		4,451			4,089			627			458
Expected return on plan assets		(6,302	)		(4,117	)		—			—
Amortization of prior service cost		—			—			(41	)		(40	)
Amortization of net loss		3,660			1,757			530			404
Amortization of transition obligation		—			—			4			4
Net periodic benefit cost	$	6,918		$	5,246		$	1,264		$	929

34

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

8. Retirement Plans (continued)

Whitney Plans

	Pension Benefits										Other Post-
	Qualified						Nonqualified				retirement Benefits
	Three Months Ended September 30,
	2012			2011			2012		2011		2012		2011
	(In thousands)
Service cost	$	1,533		$	1,607		$	13	$	12	$	—	$	—
Interest cost		2,645			2,856			172		188		152		205
Expected return on plan assets		(4,249	)		(4,126	)		—		—		—		—
Amortization of prior service cost		—			—			—		—		—		—
Amortization of net loss		411			—			14		—		—		—
Amortization of transition obligation		—			—			—		—		—		—
Net periodic benefit cost	$	340		$	337		$	199	$	200	$	152	$	205
	Pension Benefits										Other Post-
	Qualified						Nonqualified				retirement Benefits
	Nine Months Ended September 30,
	2012			2011			2012		2011		2012		2011
	(In thousands)
Service cost	$	4,597		$	2,144		$	37	$	16	$	—	$	—
Interest cost		7,937			3,808			516		250		456		274
Expected return on plan assets		(12,747	)		(5,502	)		—		—		—		—
Amortization of prior service cost		—			—			—		—		—		—
Amortization of net loss		1,234			—			42		—		—		—
Amortization of transition obligation		—			—			—		—		—		—
Net periodic benefit cost	$	1,021		$	450		$	595	$	266	$	456	$	274

The Company contributed approximately $22 million to its pension plans for the first nine months in 2012 and anticipates making a total contribution of $26 million for all of 2012. The Company contributed approximately $1.3 million to its post-retirement plans for the first nine months in 2012. For the entire year, the Company anticipates a total contribution of $1.7 million in 2012.

35

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

9. Other Noninterest Income

Components of other noninterest income are as follows:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012		2011			2012		2011
	(In thousands)
Income from bank owned life insurance	$	2,774	$	3,108		$	8,452	$	6,271
Safety deposit box income		502		541			1,524		1,077
Credit related fees		1,545		2,261			5,130		3,573
Income from derivatives		455		101			2,091		95
Gain/(loss) on sale of assets		1,991		(64	)		2,195		544
Other miscellaneous		2,503		2,219			6,709		4,611
Total other noninterest income	$	9,770	$	8,166		$	26,101	$	16,171

10. Other Noninterest Expense

Components of other noninterest expense are as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(In thousands)
Insurance expense	$	1,207	$	1,724	$	4,428	$	2,878
Ad valorem and franchise taxes		2,185		1,768		6,608		4,362
Printing and supplies		1,488		1,846		6,162		3,931
Public relations and contributions		1,065		1,067		4,827		2,291
Travel expense		1,282		1,183		4,464		2,248
Other real estate owned expense, net		4,590		3,528		11,630		6,829
Tax credit investment amortization		1,513		1,513		4,538		1,728
Other miscellaneous		4,488		11,829		19,311		18,466
Total other noninterest expense	$	17,818	$	24,458	$	61,968	$	42,733

36

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

11. Segment Reporting

The Company’s reportable operating segments consist of the Hancock segment, which coincides with the Company’s Hancock Bank subsidiary, and the Whitney segment, which coincides with its Whitney Bank subsidiary. Each of the bank segments offers commercial, consumer and mortgage loans and deposit services as well as certain other services, such as trust and treasury management services. Although the bank segments offer the same products and services, they are managed separately due to different pricing, product demand, and consumer markets. On June 4, 2011, the Company completed its acquisition of Whitney Holding Corporation, the parent of Whitney National Bank. Whitney National Bank was merged into Hancock Bank of Louisiana and the combined entity was renamed Whitney Bank. Prior to the merger the segment now called Whitney Bank was comprised generally of Hancock Bank Louisiana. On March 15, 2012 Whitney Bank transferred the assets and liabilities of its operations in Florida, Alabama and Mississippi to Hancock Bank. In the following tables, the “Other” column includes activities of other consolidated subsidiaries which do not constitute reportable segments under the quantitative and aggregation accounting guidelines. These subsidiaries provide investment services, insurance agency services, insurance underwriting and various other services to third parties.

37

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

11. Segment Reporting (continued)

	Three Months Ended September 30, 2012
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	73,558		$	110,917		$	6,068		$	(1,338	)	$	189,205
Interest expense		(5,402	)		(5,669	)		(2,100	)		1,222		$	(11,949	)
Net interest income		68,156			105,248			3,968			(116	)		177,256
Provision for loan losses		(4,814	)		(2,353	)		(934	)		—			(8,101	)
Noninterest income		20,205			31,938			10,722			(23	)		62,842
Depreciation and amortization		(3,830	)		(3,981	)		(256	)		—			(8,067	)
Other noninterest expense		(59,821	)		(90,087	)		(11,761	)		22			(161,647	)
Securities transactions		94			823			—			—			917
Income before income taxes		19,989			41,588			1,739			(117	)		63,200
Income tax expense		5,433			10,130			653			—			16,216
Net income	$	14,556		$	31,458		$	1,086		$	(117	)	$	46,984
Goodwill	$	94,130		$	530,265		$	4,482		$	—		$	628,877
Total assets	$	6,390,378		$	12,343,043		$	2,737,061		$	(2,946,352	)	$	18,524,130
Total interest income from affiliates	$	1,010		$	328		$	—		$	(1,338	)	$	—
Total interest income from external customers	$	72,548		$	110,589		$	6,068		$	—		$	189,205
	Three Months Ended September 30, 2011
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	49,925		$	144,049		$	5,051		$	(1,330	)	$	197,695
Interest expense		(9,230	)		(10,593	)		(2,044	)		1,214		$	(20,653	)
Net interest income		40,695			133,456			3,007			(116	)		177,042
Provision for loan losses		(2,651	)		(6,278	)		(327	)		—			(9,256	)
Noninterest income		22,425			37,471			5,048			(7	)		64,937
Depreciation and amortization		(2,062	)		(4,144	)		(177	)		—			(6,383	)
Other noninterest expense		(47,933	)		(133,643	)		(6,083	)		23			(187,636	)
Securitites transactions		—			—			16			—			16
Income before income taxes		10,474			26,862			1,484			(100	)		38,720
Income tax expense		2,220			5,285			837			—			8,342
Net income	$	8,254		$	21,577		$	647		$	(100	)	$	30,378
Goodwill	$	23,386		$	601,820		$	4,482		$	—		$	629,688
Total assets	$	4,949,379		$	14,121,103		$	2,915,127		$	(2,569,920	)	$	19,415,689
Total interest income from affiliates	$	1,080		$	250		$	—		$	(1,330	)	$	—
Total interest income from external customers	$	48,845		$	143,799		$	5,051		$	—		$	197,695

38

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

11. Segment Reporting (continued)

				Nine Months Ended September 30, 2012
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	201,525		$	355,776		$	17,839		$	(3,730	)	$	571,410
Interest expense		(17,587	)		(19,915	)		(6,290	)		3,385			(40,407	)
Net interest income		183,938			335,861			11,549			(345	)		531,003
Provision for loan losses		(7,313	)		(18,696	)		(132	)		—			(26,141	)
Noninterest income		59,644			98,122			30,149			(27	)		187,888
Depreciation and amortization		(10,884	)		(13,596	)		(749	)		—			(25,229	)
Other noninterest expense		(174,796	)		(320,985	)		(34,166	)		27			(529,920	)
Securities transactions		98			824			7			—			929
Income before income taxes		50,687			81,530			6,658			(345	)		138,530
Income tax expense		11,808			18,938			3,001			—			33,747
Net income	$	38,879		$	62,592		$	3,657		$	(345	)	$	104,783
Goodwill	$	94,130		$	530,265		$	4,482		$	—		$	628,877
Total assets	$	6,390,378		$	12,343,043		$	2,737,061		$	(2,946,352	)	$	18,524,130
Total interest income from affiliates	$	3,033		$	697		$	—		$	(3,730	)	$	—
Total interest income from external customers	$	198,492		$	355,079		$	17,839		$	—		$	571,410
				Nine Months Ended September 30, 2011
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	146,915		$	237,907		$	14,684		$	(3,801	)	$	395,705
Interest expense		(31,262	)		(20,661	)		(4,372	)		3,455			(52,840	)
Net interest income		115,653			217,246			10,312			(346	)		342,865
Provision for loan losses		(13,615	)		(11,981	)		(1,625	)		—			(27,221	)
Noninterest income		66,506			65,356			13,998			(26	)		145,834
Depreciation and amortization		(6,572	)		(6,634	)		(532	)		—			(13,738	)
Other noninterest expense		(132,716	)		(223,755	)		(18,268	)		73			(374,666	)
Securities transactions		(51	)		20			(40	)		—			(71	)
Income before income taxes		29,205			40,252			3,845			(299	)		73,003
Income tax expense		4,790			8,737			1,683			—			15,210
Net income	$	24,415		$	31,515		$	2,162		$	(299	)	$	57,793
Goodwill	$	23,386		$	601,820		$	4,482		$	—		$	629,688
Total assets	$	4,949,379		$	14,121,103		$	2,915,127		$	(2,569,920	)	$	19,415,689
Total interest income from affiliates	$	3,347		$	454		$	—		$	(3,801	)	$	—
Total interest income from external customers	$	143,568		$	237,453		$	14,684		$	—		$	395,705

39

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

12. New Accounting Pronouncements

In October 2012, FASB issued an update for entities that recognize an indemnification asset as a result of a government-assisted acquisition of a financial institution. When a reporting entity recognizes an indemnification asset as a result of a government-assisted acquisition of a financial institution and subsequently a change in the cash flows expected to be collected on the indemnification asset occurs (as a result of a change in cash flows expected to be collected on the assets subject to indemnification), the reporting entity should subsequently account for the change in the measurement of the indemnification asset on the same basis as the change in the assets subject to indemnification. Any amortization of changes in value should be limited to the contractual term of the indemnification agreement (that is, the lesser of the term of the indemnification agreement and the remaining life of the indemnified assets). The amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2012. Early adoption is permitted. The amendments should be applied prospectively to any new indemnification assets acquired after the date of adoption and to indemnification assets existing as of the date of adoption arising from a government-assisted acquisition of a financial institution. The Company’s current accounting policy complies with the new update.

In July 2012, FASB issued an update that an entity has the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount. Under the guidance in this ASU, an entity also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. The amendments in this ASU are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations.

In June 2011, the FASB issued updated guidance regarding the presentation of comprehensive income, and subsequently amended this guidance in December 2011, prior to its effective date. The updated guidance eliminates the option to present the components of other comprehensive income as part of the statement of changes to stockholders’ equity, and, requires an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. This amendment does not change the items that must be reported in other comprehensive income or when an item in other comprehensive income must be reclassified to net income. The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011, and should be applied retrospectively. The adoption of this guidance changed presentation only and did not have a material impact on the Company’s financial condition or results of operations. The FASB is currently re-deliberating whether to present on the face of the financial statements the effects of reclassifications out of accumulated other comprehensive income on the components of net income and other comprehensive income.

40

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

12. New Accounting Pronouncements (continued)

In May 2011, the FASB issued updated guidance to achieve common fair value measurement and disclosure requirements in U.S. GAAP and IFRS. Certain provisions clarify the Board’s intent about the application of existing fair value measurement and disclosure requirements, while others change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements. The guidance is to be applied prospectively and is effective during interim and annual periods beginning after December 15, 2011. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations.

In April 2011, FASB issued an update to improve the accounting for repurchase agreements (“repos”) and other agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. The guidance modifies the criteria for assessing if a transferor has maintained effective control over the transferred asset in determining when these transactions would be accounted for as financings (secured borrowings/lending agreements) as opposed to sales (purchases) with commitments to repurchase (resell). Specifically, the updated guidance removes the criterion requiring a transferor to have the ability to repurchase or redeem the financial assets on substantially the same terms, even in the event of default by the transferee, as well as the collateral maintenance guidance related to that criterion. The guidance is effective prospectively for new transfers and existing transactions that are modified in the first interim or annual period beginning on or after December 15, 2011. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations.

13. Whitney Acquisition

On June 4, 2011, Hancock acquired all of the outstanding common stock of Whitney Holding Corporation (Whitney), a bank holding company based in New Orleans, Louisiana, in a stock and cash transaction. Whitney common shareholders received 0.418 shares of Hancock common stock in exchange for each share of Whitney stock, resulting in Hancock issuing 40,794,261 common shares at a fair value of $1.3 billion. Whitney’s preferred stock and common stock warrant issued under TARP were purchased by the Company for $307.7 million and retired as part of the merger transaction. In total, the purchase price was approximately $1.6 billion including the value of the options to purchase common stock assumed in the merger. On September 16, 2011, seven Whitney Bank branches located on the Mississippi Gulf Coast and one branch located in Bogalusa, LA with approximately $47 million in loans and $180 million in deposits were divested in order to resolve branch concentration concerns of the U.S. Department of Justice relating to the merger.

The Whitney transaction was accounted for using the purchase method of accounting and, accordingly, assets acquired, liabilities assumed and consideration exchanged were recorded at estimated fair value on the acquisition date. Assets acquired, excluding goodwill, totaled $11.2 billion, including $6.5 billion in loans, $2.6 billion of investment securities, and $224 million of identifiable intangible assets. Liabilities assumed were $10.1 billion, including $9.2 billion of deposits. Goodwill of $589 million was calculated as the excess of the consideration exchanged over the net identifiable assets acquired. In 2012, goodwill was reduced $22.2 million for deferred tax purchase accounting adjustments.

41

Hancock Holding Company and Subsidiaries

Notes to Consolidated Financial Statements – (continued)

(Unaudited)

13. Whitney Acquisition (continued)

The operating results of the Company include the results from Whitney’s operations since the acquisition date. The following table represents unaudited pro forma results for illustrative purposes and is not intended to represent or be indicative of actual results of operations of the combined company that would have been achieved had the acquisition occurred at the beginning of the period presented, nor are they intended to represent or be indicative of future results of operations.

	Nine Months Ended
	September 30, 2011
(In millions)
Total revenues, net of interest expense	$	723
Net Income		88

See the Company’s 2011 Annual Report on Form 10-K for additional information.

42

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

OVERVIEW

Acquisition of Whitney Holding Corporation

  On June 4, 2011, Hancock acquired all of the outstanding common stock of Whitney Holding Corporation (Whitney), the parent of Whitney National Bank based in New Orleans, Louisiana, in a stock and cash transaction. Whitney common shareholders received 0.418 shares of Hancock common stock in exchange for each share of Whitney stock, resulting in Hancock issuing 40.8 million common shares at a fair value of $1.3 billion. Whitney’s preferred stock and common stock warrant issued under TARP were purchased by the Company for $307.7 million and retired as part of the merger transaction. In total, the purchase price was approximately $1.6 billion. The fair value of the assets acquired, excluding goodwill, was initially estimated at $11.2 billion, including $6.5 billion in loans, $2.4 billion of investment securities, and $224 million of identifiable intangibles. The fair value of the liabilities assumed was initially estimated at $10.1 billion, including $9.2 billion of deposits. In September 2011, seven Whitney Bank branches located on the Mississippi Gulf Coast and one branch located in Louisiana with approximately $47 million in loans and $180 million in deposits were divested in order to resolve branch concentration concerns of the U.S. Department of Justice relating to the merger. Following a reorganization coincident with the core systems conversion on March 15, 2012, the Company’s Hancock Bank subsidiary operates in Mississippi, Alabama and Florida, and the Whitney Bank subsidiary operates in Louisiana and Texas. Hancock Bank and Whitney Bank are referred to collectively as the “Banks.”

Recent Economic and Industry Developments

Recent reports from the Federal Reserve point to a modest expansion of economic activity throughout most of Hancock’s market area, but they also recognize significant risks to maintaining this level of activity or attaining an increased level of sustainable economic growth. Manufacturing continued to grow overall, although the current performance and near-term prospects varied among the different sectors. Activity at energy-related businesses, which are concentrated mainly in Hancock’s south Louisiana and Houston, Texas market areas, remained generally strong. Tourism and convention activity, which is important to several of the Company’s market areas, also remained strong with a positive near-term outlook. Retail sales activity is generally improved from prior year levels and sales levels in certain markets continue to outperform the national average. Buying behavior suggests consumers remain conservative in managing their personal finances. Strong auto demand was supported by dealer incentives, low-cost financing options and healthy trade-in values.

The real estate market for both residential and commercial properties continues to show some improvement. Home sales are growing modestly year-over-year growth and prices are stabilizing and trending higher for some markets and product categories. New home construction activity has shown some improvement. These are encouraging signs of a modest but strengthening recovery in the housing market, albeit from a low and, in some markets, severely depressed level of sales and prices. The sustainability of a housing market recovery will be sensitive to the continued availability of attractive financing rates, the ability of prospective homeowners to meet underwriting standards, the rate of foreclosed properties entering the market and consumer expectations about future economic conditions, among other factors. The commercial real estate market saw solid growth in occupancy and increased rental rates in the apartment sector, with smaller improvements noted in the leasing of office and industrial properties and a mixed performance in the retail sector. Commercial real estate construction activity has been generally stable, supported mainly by demand for new multi-family complexes. Growth in commercial construction will depend in large part on further improvement in overall economic activity and increased confidence that these improvements can be sustained.

Employment growth was generally positive across Hancock’s market area, but at a very subdued rate, and employers remain very cautious in hiring. The unemployment rate in Hancock’s Louisiana, Texas and Alabama markets has generally tracked lower than the national level, while our Mississippi and Florida markets are tracking somewhat higher.

The recovery of the overall U.S. economy continues, but the rate of growth is slow and erratic. Confidence in the prospect of a higher rate of sustained growth remains fragile for businesses and consumers alike, with uncertainty about the health of the international economy, the impact of ongoing European debt issues, and the implications of a changing U.S. political landscape for future economic policies and regulations, among other matters. The Federal Reserve has responded to the slow and tenuous recovery from the deep recession by taking steps to hold interest rates at unprecedented low levels and has expressed its intent to maintain rates at these levels through 2013.

43

The Dodd-Frank Act that was signed into law in July 2010 represents a significant overhaul of many aspects of the regulation of the financial services industry and includes provisions that have had or likely will have an impact on the nature and pricing of services offered by the Banks and other financial services industry participants. The independent Consumer Financial Protection Bureau that was established under the Dodd-Frank Act has broad rulemaking, supervisory and enforcement authority over consumer financial products, including deposit products, residential mortgages, home-equity loans and credit cards. The Dodd-Frank Act directs applicable regulatory authorities to promulgate a large number of regulations implementing its provisions over time.

Highlights of Third Quarter 2012 Financial Results

Net income for the third quarter of 2012 was $47.0 million, or $0.55 per diluted common share, compared to $39.3 million, or $0.46 in the second quarter of 2012. Net income was $30.4 million, or $.36, in the third quarter of 2011. Pre-tax earnings for the third quarter of 2012 included no merger-related costs. The second quarter of 2012 and third quarter of 2011 included pre-tax merger-related costs of $11.9 million and $22.8 million, respectively.

Operating income for the third quarter of 2012 was $49.8 million or $0.58 per diluted common share, compared to $47.0 million, or $0.55 in the second quarter of 2012. Operating income was $45.2 million, or $0.53, in the third quarter of 2011. Operating income is defined as net income excluding tax-effected merger-related costs and securities transactions gains or losses. In addition, for the third quarter of 2012, operating results exclude the tax-effected impact of the expenses associated with the repurchase of a portion of Whitney Bank’s subordinated debt. The Selected Financial Data below includes a reconciliation of net income to operating income.

Hancock’s return on average assets, excluding merger-related expenses, securities transactions and debt repurchase expense, was 1.07% for the third quarter of 2012, compared to 1.00% in the second quarter of 2012, and 0.92% in the third quarter a year ago.

Total assets at September 30, 2012, were $18.5 billion, compared to $18.8 billion at June 30, 2012 and $19.4 billion at September 30, 2011. Average total assets for the third quarter of 2012 were $18.6 billion compared to $19.0 billion in the second quarter of 2012.

Hancock remains well capitalized, with total equity of $2.4 billion. The Company's tangible common equity ratio at September 30, 2012 was 9.09%, a 37 basis point increase over the prior quarter, and 53 basis points over the ratio at September 30, 2011.

44

RESULTS OF OPERATIONS

Net Interest Income

Net interest income (taxable equivalent or TE) for the third quarter totaled $180.1 million, basically flat compared to both the prior quarter and the same quarter in 2011. Average earning assets for the third quarter of 2012 were $15.8 billion, down $336 million (2%) from the second quarter and $761 million (5%) from the same quarter in 2011. The third quarter net interest margin (TE) widened by 6 basis points (bps) to 4.54% compared to the prior quarter and was up 22 bps over the third quarter of 2011. Whitney’s acquired loan portfolio continued to perform better than expected during the third quarter. As a result, re-projections of expected cash flows led to higher yields that favorably impacted both net interest income and the net interest margin. The current quarter’s core margin (net interest margin excluding total net purchase accounting adjustments) compressed an estimated 5 bps compared to the second quarter of 2012 and an estimated 19 bps compared to the third quarter of 2011, reflecting mainly the market rate environment for new or renewing loans and investment portfolio purchases.

The overall reported yield on earning assets was 4.84%, up 4 bps from the prior quarter and up 2 bps from the third quarter of 2011. The reported loan portfolio yield of 5.95% for the current quarter was down 9 bps from the second quarter of 2012, but stable compared to the third quarter of 2011. Recent growth in commercial loans has been in very competitively priced segments, but the increased yield realized on the acquired portfolio has helped support the overall loan yield. The yield on the investment portfolio continues to decline as proceeds from maturities and paydowns are reinvested at the current lower market rates. The overall mix of average earning assets improved moderately in the third quarter of 2012, as the proportion of loans increased to approximately 71% of earning assets compared to 69% in the second quarter of 2012.

The overall cost of funding earning assets was down 2 bps to 0.30% in the third quarter of 2012 compared to the second quarter and down 20 bps compared to the third quarter of 2011. The decrease from the second quarter of 2012 was related mainly to the impact of the repurchase of a portion of Whitney Bank’s subordinated debt. Noninterest-bearing deposits continued to fund 30% or more of earning assets. The overall rate paid on interest-bearing deposits was 0.31% in the third quarter of 2012, compared to 0.32% in the second quarter of 2012 and 0.57% in the same quarter last year. The decrease from prior periods reflects mainly the impact of the sustained low rate environment on the re-pricing of time deposits. During the third quarter, approximately $600 million of time deposits matured at an average rate of 0.54%, of which approximately two-thirds renewed at an average cost of 0.21%. The opportunity to re-price time deposits at significantly lower rates over the near term has largely been eliminated.

As earning assets continue to reprice, and with a diminished opportunity to significantly lower funding costs, management expects continued compression in the core margin in the near term. All else equal, compression in the reported net interest margin in the near term is also anticipated.

45

The following table details the components of our net interest income and net interest margin.

	September 30, 2012							June 30, 2012							September 30, 2011
	Interest		Volume		Rate			Interest		Volume		Rate			Interest		Volume		Rate
	(thousands)		(millions)					(thousands)		(millions)					(thousands)		(millions)
Average earning assets
Commercial & real estate loans (TE)	$	109,069	$	8,018.6		5.41	%	$	108,777	$	7,946.8		5.50	%	$	113,111	$	8,141.1		5.51	%
Mortgage loans		28,533		1,573.6		7.25			28,709		1,548.8		7.41			26,166		1,527.9		6.85
Consumer loans		29,942		1,667.4		7.14			28,372		1,644.5		6.92			28,328		1,579.7		7.11
Loan fees & late charges		891		—		—			1,548		—		—			886		—		—
Total loans (TE)		168,435		11,259.6		5.95			167,406		11,140.1		6.04			168,491		11,248.7		5.95
US treasury securities		2		0.2		4.64			2		0.2		4.66			11		10.6		0.41
US agency securities		49		18.3		1.08			736		142.0		2.07			1,851		362.7		2.04
CMOs		7,820		1,663.7		1.88			7,983		1,578.4		2.02			7,129		1,089.3		2.62
Mortgage backed securities		12,530		2,097.1		2.39			13,921		2,296.1		2.43			19,003		2,567.9		2.96
Municipals (TE)		2,864		252.7		4.53			2,741		266.7		4.11			3,471		306.9		4.52
Other securities		63		7.2		3.58			65		9.3		2.79			246		21.4		4.58
Total securities (TE) (a)		23,328		4,039.2		2.30			25,448		4,292.7		2.37			31,711		4,358.8		2.91
Total short-term investments		308		531.2		0.23			469		733.5		0.26			633		983.8		0.26
Average earning assets yield (TE)	$	192,071	$	15,830.0		4.84	%	$	193,323	$	16,166.3		4.80	%	$	200,835	$	16,591.3		4.82	%
Interest bearing liabilities
Interest bearing transaction and savings deposits	$	1,688	$	5,869.3		0.11	%	$	1,764	$	5,881.7		0.12	%	$	2,810	$	5,660.3		0.20	%
Time deposits		4,829		2,473.5		0.78			5,018		2,604.4		0.77			11,209		3,469.3		1.28
Public funds		1,002		1,426.4		0.28			1,090		1,517.7		0.29			1,119		1,401.0		0.32
Total interest bearing deposits		7,519		9,769.2		0.31			7,872		10,003.8		0.32			15,138		10,530.6		0.57
Total borrowings		4,430		1,112.3		1.58			5,158		1,212.7		1.71			5,515		1,405.8		1.56
Total interest-bearing liability cost	$	11,949	$	10,881.5		0.44	%	$	13,030	$	11,216.5		0.47	%	$	20,653	$	11,936.4		0.69	%
Net interest-free funding sources				4,948.5							4,949.8							4,654.9
Total Cost of Funds	$	11,949	$	15,830.0		0.30	%	$	13,030	$	16,166.3		0.32	%	$	20,653	$	16,591.3		0.50	%
Net Interest Spread (TE)	$	180,122				4.40	%	$	180,293				4.33	%	$	180,182				4.13	%
Net Interest Margin (TE)	$	180,122	$	15,830.0		4.54	%	$	180,293	$	16,166.3		4.48	%	$	180,182	$	16,591.3		4.32	%

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

46

	Nine Months Ended
	September 30, 2012							September 30, 2011
	Interest		Volume		Rate			Interest		Volume		Rate
	(thousands)		(millions)					(thousands)		(millions)
Average earning assets
Commercial & real estate loans (TE)	$	330,355	$	7,994.4		5.52	%	$	213,504	$	5,286.8		5.39	%
Mortgage loans		83,664		1,557.2		7.16			51,829		1,018.5		6.79
Consumer loans		86,876		1,646.1		7.05			69,130		1,323.0		6.99
Loan fees & late charges		3,238		—		—			1,062		—		—
Total loans (TE)		504,133		11,197.7		6.01			335,525		7,628.3		5.88
US treasury securities		5		0.2		4.66			36		10.7		0.45
US agency securities		2,047		126.1		2.16			4,089		284.1		1.92
CMOs		22,586		1,534.9		1.96			13,422		615.8		2.91
Mortgage backed securities		40,858		2,237.8		2.43			40,409		1,517.9		3.55
Municipals (TE)		8,872		267.8		4.42			8,979		232.8		5.14
Other securities		255		8.2		4.15			768		25.5		4.03
Total securities (TE) (a)		74,623		4,175.0		2.39			67,703		2,686.8		3.36
Total short-term investments		1,304		705.2		0.25			1,448		919.1		0.21
Average earning assets yield (TE)	$	580,060	$	16,077.9		4.82	%	$	404,676	$	11,234.2		4.81	%
Interest bearing liabilities
Interest bearing transaction and savings deposits	$	5,634	$	5,792.6		0.13	%	$	5,937	$	3,603.5		0.22	%
Time deposits		16,735		2,624.0		0.85			32,660		2,816.0		1.55
Public funds		3,285		1,491.5		0.29			4,120		1,304.6		0.42
Total interest-bearing deposits		25,654		9,908.1		0.35			42,717		7,724.1		0.74
Total borrowings		14,753		1,187.4		1.66			10,123		892.7		1.52
Total interest-bearing liability cost	$	40,407	$	11,095.5		0.49	%	$	52,840	$	8,616.8		0.82	%
Net interest-free funding sources				4,982.4							2,617.4
Total Cost of Funds	$	40,407	$	16,077.9		0.34	%	$	52,840	$	11,234.2		0.63	%
Net Interest Spread (TE)	$	539,653				4.33	%	$	351,836				3.99	%
Net Interest Margin (TE)	$	539,653	$	16,077.9		4.48	%	$	351,836	$	11,234.2		4.18	%

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

47

Provision for Loan Losses

Hancock recorded a total provision for loan losses for the third quarter of 2012 of $8.1 million, up slightly from $8.0 million in the second quarter of 2012. The provision for non-covered loans increased to $8.1 million in the third quarter of 2012 from $7.0 million in the second quarter of 2012. During the third quarter of 2012, the Company did not record a provision for loan losses on the FDIC covered portfolio. The net impact on provision expense from the covered portfolio in the second quarter of 2012 was $1.0 million.

The section below on the “Allowance for Loan Losses and Asset Quality” provides additional information on changes in the allowance for loans losses and general credit quality. Certain differences in the determination of the allowance for loan losses for acquired loans, which includes loans acquired in the Whitney merger and all Peoples First covered loans, and originated loans are described in Note 4 to the consolidated financial statements.

Noninterest Income

Noninterest income totaled $63.8 million for the third quarter of 2012, up slightly from $63.6 million in the second quarter of 2012. Compared to the same quarter a year ago, noninterest income was down $1.2 million (2%).

Service charges on deposits totaled $20.8 million for the third quarter of 2012, virtually unchanged from the prior quarter and up $4.0 million (24%) from the third quarter of 2011. The Company began offering new and standardized products and services across its footprint in conjunction with the core systems integration in March 2012. These product changes accounted for the majority of the increase in service charge revenue in the current quarter compared to the third quarter of 2011.

Bank card fees totaled $7.6 million in the third quarter of 2012, a $0.5 million (6%) decrease from the prior quarter and a $3.5 million (32%) decrease compared to the third quarter of 2011. Restrictions on debit card interchange rates that arose from the implementation of the Durbin amendment to the Dodd-Frank Act began impacting Whitney Bank in the fourth quarter of 2011 and Hancock Bank at the beginning of the third quarter of 2012. The restrictions reduced Whitney bank fees approximately $2.5 million per quarter and Hancock Bank fees by approximately $2.0 million per quarter. The additional revenue loss was partially offset by a $1.4 million increase in merchant processing fees resulting from the reacquisition of the Company’s merchant business and change in the terms of the servicing agreement. The reacquisition also added approximately $.5 million to amortization of intangibles in the third quarter. The Durbin interchange restrictions also negatively impacted the third quarter’s ATM fees by approximately $0.5 million.

Fees from secondary mortgage operations were $4.3 million for the third quarter, a $1.3 million (43%) increase from the prior quarter and a $0.8 million (24%) increase over the third quarter of 2011. The increase reflects a higher volume of mortgage production during the third quarter mainly related to refinancing activity.

Fluctuations in the accretion on the FDIC indemnification asset reflect changes in the amount and timing of projected cash flows related to the reimbursement under the loss sharing agreements. These projections are updated as loss estimates related to the various covered loan pools change.

48

The components of noninterest income for the three-month periods ended September 30, 2012, June 30, 2012 and September 30, 2011 and for the nine-month periods ended September 30, 2012 and 2011 are presented in the following table:

	Three Months Ended							Nine Months Ended
	September 30,		June 30,		September 30,			September, 30
	2012		2012		2011			2012		2011
(In thousands)
Service charges on deposit accounts	$	20,834	$	20,907	$	16,860		$	58,015	$	38,745
Bank card fees		7,568		8,075		11,064			24,107		20,542
Trust fees		7,743		7,983		7,215			24,464		16,507
Insurance commissions and fees		4,045		4,581		4,356			12,103		12,234
Investment and annuity fees		4,269		4,607		4,642			13,291		11,042
ATM fees		4,302		4,843		4,127			13,479		10,148
Secondary mortgage market operations		4,311		3,015		3,477			11,328		6,921
Accretion of indemnification asset		—		2,000		5,030			5,000		13,524
Income from bank owned life insurance		2,774		2,787		3,108			8,452		6,271
Safety deposit box income		502		488		541			1,524		1,077
Credit related fees		1,545		1,596		2,261			5,130		3,573
Income from derivatives		455		728		101			2,091		95
Gain on sale of assets		1,991		134		(64	)		2,195		544
Other miscellaneous		2,503		1,808		2,219			6,709		4,611
Securities transactions gain/(loss), net		917		—		16			929		(71	)
Total noninterest income	$	63,759	$	63,552	$	64,953		$	188,817	$	145,763

Noninterest Expense

Total noninterest expense for the third quarter of 2012 was down $10.3 million from the second quarter of 2012 and $24.3 million from the same period last year. Excluding merger-related expenses in all periods and the $5.3 million expense associated with the repurchase of a portion of Whitney Bank’s subordinated debt in the current quarter, noninterest expense was down $3.6 million (2%) compared to the second quarter of 2012 and down $6.9 million (4%) compared to the third quarter of 2011. The following discussion of the components of noninterest expense excludes merger-related expenses from all periods.

Total personnel expense was $88.2 million in the third quarter of 2012, down $1.2 million from the second quarter of 2012, and a $4.6 million (5%) decrease from the same quarter of 2011. The decreases reflect the reduction in force associated with the completion of the core systems conversion and branch consolidations in mid-March. Declines in occupancy, equipment and various other categories are also associated with the conversion and consolidations.

As mentioned earlier, the reacquisition of the merchant services business added $0.5 million to the amortization of intangibles for the third quarter of 2012. Amortization of intangibles should be approximately $7.8 million in the fourth quarter of 2012.

Management expects additional cost savings will be generated in the fourth quarter of 2012 and anticipates reporting noninterest expense, excluding merger-related expense of the amortization of intangibles, of $149 million to $153 million for that period.

49

The following table presents the components of noninterest expense for the three-month periods ended September 30, 2012, June 30, 2012 and September 30, 2011 and for the nine-month periods ended September 30, 2012 and 2011.

	Three Months Ended							Nine Months Ended
	September 30,			June 30,		September 30,		September, 30
	2012			2012		2011		2012		2011
(In thousands)
Compensation expense	$	70,974		$	71,581	$	75,565	$	215,124	$	147,935
Employee benefits		17,201			17,749		17,256		54,252		36,222
Salaries and employee benefits		88,175			89,330		92,821		269,376		184,157
Net occupancy expense		13,168			13,604		13,877		41,173		28,492
Equipment expense		5,010			5,924		5,231		16,811		11,639
Data processing expense		10,866			12,389		14,270		36,407		26,460
Professional services expense		8,428			7,781		9,375		24,771		18,873
Telecommunications and postage		5,313			5,604		5,703		16,693		11,992
Advertising		2,243			3,120		3,583		6,903		7,497
Deposit insurance and regulatory fees		3,833			3,903		2,967		11,128		9,305
Amortization of intangibles		8,110			7,922		7,097		24,336		9,332
Insurance expense		1,207			1,624		1,724		4,428		2,878
Ad valorem and franchise taxes		2,185			2,216		1,768		6,608		4,362
Printing and supplies		1,457			1,978		1,733		5,205		3,418
Public relations and contributions		1,065			1,520		1,021		4,204		2,216
Travel expense		1,282			1,295		897		3,693		1,922
Other real estate owned expense, net		4,590			2,991		3,528		10,014		6,829
Tax credit investment amortization		1,513			1,512		1,513		4,538		1,728
Debt repurchase expense		5,336			—		—		5,336		—
Merger-related expenses		(37	)		11,913		22,752		45,789		46,560
Other miscellaneous expense		5,970			5,346		4,159		17,736		10,744
Total noninterest expense	$	169,714		$	179,972	$	194,019	$	555,149	$	388,404
Noninterest expense, excluding debt repurchase and merger-related expenses	$	164,415		$	168,059	$	171,267	$	504,024	$	341,844

50

Income Taxes

The effective income tax rate for both the second and third quarter of 2012 was approximately 26%, compared to 22% in the third quarter of 2011. The effective tax rate for the first nine months of 2012 was approximately 24%, compared to 21% for the same period of 2011.

The Company’s effective tax rates have varied from the 35% federal statutory rate primarily because of tax-exempt income and the availability of tax credits. Interest income from the financing of state and local governments and earnings from the bank-owned life insurance program are the major components of tax-exempt income. The source of the tax credits for 2012 and 2011 has been investments that generate New Market Tax Credits, Low-Income Housing Credits and Qualified Bond Credits.

Selected Financial Data

The following tables contain selected financial data as of and for the three-month periods ended September 30, 2012, June 30, 2012 and September 30, 2011 and for the nine-month periods ended September 30, 2012 and 2011.

	Three Months Ended						Nine Months Ended
	September 30,		June 30,		September 30,		September 30,
	2012		2012		2011		2012		2011
Per Common Share Data
Earnings per share:
Basic	$	0.55	$	0.46	$	0.36	$	1.23	$	0.97
Diluted	$	0.55	$	0.46	$	0.36	$	1.22	$	0.97
Operating earnings per share: (a)
Basic	$	0.58	$	0.55	$	0.53	$	1.61	$	1.48
Diluted	$	0.58	$	0.55	$	0.53	$	1.60	$	1.48
Cash dividends per share	$	0.24	$	0.24	$	0.24	$	0.72	$	0.72
Book value per share (period-end)	$	28.71	$	28.30	$	28.65	$	28.71	$	28.65
Tangible book value per share (period-end)	$	18.97	$	18.46	$	18.78	$	18.97	$	18.78
Weighted average number of shares (000s):
Basic		84,777		84,751		84,699		84,757		59,149
Diluted		85,632		85,500		84,985		85,525		59,442
Period-end number of shares (000s)		84,782		84,774		84,698		84,782		84,698
Market data:
High price	$	33.27	$	36.56	$	33.25	$	36.73	$	35.68
Low price	$	27.99	$	27.96	$	25.61	$	27.96	$	25.61
Period-end closing price	$	30.98	$	30.44	$	26.81	$	30.98	$	26.81
Trading volume (000s) (b)		26,877		39,310		38,205		98,609		96,269

(a) Excludes tax-affected merger related expenses, debt redemption costs and securities transactions.

(b) Trading volume is based on the total volume as determined by NASDAQ on the last day of the quarter.

51

	Three Months Ended							Nine Months Ended
	September 30,			June 30,		September 30,		September 30,
	2012			2012		2011		2012		2011
(in thousands)
Income Statement:
Interest income	$	189,205		$	190,489	$	197,695	$	571,410	$	395,705
Interest income (TE)		192,071			193,323		200,835		580,060		404,676
Interest expense		11,949			13,030		20,653		40,407		52,840
Net interest income (TE)		180,122			180,293		180,182		539,653		351,836
Provision for loan losses		8,101			8,025		9,256		26,141		27,221
Noninterest income excluding securities transactions		62,842			63,552		64,937		187,888		145,834
Securities transactions gains/(losses)		917			—		16		929		(71	)
Noninterest expense		169,714			179,972		194,019		555,149		388,404
Income before income taxes		63,200			53,014		38,720		138,530		73,003
Income tax expense		16,216			13,710		8,342		33,747		15,210
Net income	$	46,984		$	39,304	$	30,378	$	104,783	$	57,793
Merger-related expenses		(38	)		11,913		22,752		45,789		46,560
Securities transactions gains/(losses)		917			—		16		929		(71	)
Debt early redemption		5,336			—		—		5,336		—
Taxes on adjustments		1,533			4,170		7,958		17,569		16,321
Operating income (a)	$	49,832		$	47,047	$	45,156	$	137,410	$	88,103

(a) Net income less tax-effected merger costs, debt early redemption and securities gains/losses. Management believes that this a useful financial measure because it enables investors to assess ongoing operations.

52

	Three Months Ended									Nine Months Ended
	September 30,			June 30,			September 30,			September 30,
	2012			2012			2011			2012			2011
	(dollar amounts in thousands)
Performance Ratios
Return on average assets		1.00	%		0.83	%		0.62	%		0.74	%		0.59	%
Return on average assets (operating) (a)		1.07	%		1.00	%		0.92	%		0.97	%		0.89	%
Return on average common equity		7.77	%		6.62	%		4.98	%		5.86	%		4.85	%
Return on average common equity (operating) (a)		8.24	%		7.93	%		7.40	%		7.68	%		7.40	%
Tangible common equity ratio		9.09	%		8.72	%		8.56	%		9.09	%		8.56	%
Earning asset yield (TE)		4.84	%		4.80	%		4.82	%		4.82	%		4.81	%
Total cost of funds		0.30	%		0.32	%		0.50	%		0.34	%		0.63	%
Net interest margin (TE)		4.54	%		4.48	%		4.32	%		4.48	%		4.18	%
Efficiency ratio (b)		64.33	%		65.67	%		66.98	%		65.93	%		66.81	%
Allowance for loan losses as a percent of period-end loans		1.19	%		1.27	%		1.06	%		1.19	%		1.06	%
Allowance for loan losses to non-performing loans + accruing loans 90 days past due		76.72	%		104.78	%		107.90	%		76.72	%		107.90	%
Average loan/deposit ratio		75.85	%		73.51	%		72.76	%		74.14	%		72.60	%
Noninterest income excluding securities transactions as a percent of total revenue (TE)		25.86	%		26.06	%		26.49	%		25.83	%		29.30	%
(a)    Excludes tax-effected merger costs and securities gains/losses (b)    Efficiency ratio is defined as noninterest expense as a percent of total revenue (TE) before amortization of purchased intangibles, securities transactions, merger expenses, and debt redemption costs.
Asset Quality Information
Non-accrual loans (a)	$	135,499		$	113,384		$	93,775		$	135,499		$	93,775
Restructured loans (b)		32,339			19,518			14,048			32,339			14,048
Total non-performing loans		167,838			132,902			107,823			167,838			107,823
Foreclosed assets		130,613			138,118			123,140			130,613			123,140
Total non-performing assets	$	298,451		$	271,020		$	230,963		$	298,451		$	230,963
Non-performing assets as a percent of loans and foreclosed assets		2.58	%		2.42	%		2.06	%		2.58	%		2.06	%
Accruing loans 90 days past due (a)	$	8,906		$	1,443		$	1,638		$	8,906		$	1,638
Accruing loans 90 days past due as a percent of loans		0.08	%		0.01	%		0.01	%		0.08	%		0.01	%
Non-performing assets + accruing loans 90 days past due to loans and foreclosed assets		2.66	%		2.43	%		2.07	%		2.66	%		2.07	%
Net charge-offs - non-covered	$	9,728		$	10,211		$	7,825		$	26,993		$	22,507
Net charge-offs - covered		3,550			3,499			—			22,839			375
Net charge-offs - non-covered as a percent of average loans		0.34	%		0.37	%		0.28	%		0.32	%		0.39	%
Allowance for loan losses	$	135,591		$	140,768		$	118,113		$	135,591		$	118,113
Allowance for loan losses as a percent of period-end loans		1.19	%		1.27	%		1.06	%		1.19	%		1.06	%
Allowance for loan losses to non-performing loans + accruing loans 90 days past due		76.72	%		104.78	%		107.90	%		76.72	%		107.90	%
Provision for loan losses	$	8,101		$	8,025		$	9,256		$	26,141		$	27,221

(a) Non-accrual loans and accruing loans past due 90 days or more do not include acquired credit-impaired loans which were written down to fair value upon acquisition and accrete interest income over the remaining life of the loan.

(b) Included in restructured loans are $21.6 million, $9.7 million and $4.4 million in non-accrual loans at September 30, 2012, June 30, 2012 and September 30, 2011 respectively. Total excludes acquired credit-impaired loans.

53

	Three Months Ended
Supplemental Asset Quality Information	September 30,			June 30,			September 30,
(excluding covered assets and acquired loans) (a)	2012			2012			2011
Non-accrual loans (a)(b)	$	106,413		$	100,067		$	58,608
Restructured loans		32,339			19,518			14,048
Total non-performing loans		138,752			119,585			72,656
Foreclosed assets (c)		91,725			93,339			99,834
Total non-performing assets	$	230,477		$	212,924		$	172,490
Non-performing assets as a percent of loans and foreclosed assets		3.45	%		3.61	%		3.72	%
Accruing loans 90 days past due	$	6,423		$	1,443		$	531
Accruing loans 90 days past due as a percent of loans		0.10	%		0.02	%		0.01	%
Non-performing assets + accruing loans 90 days past due to loans and foreclosed assets		3.55	%		3.63	%		3.73	%
Allowance for loan losses (d)	$	79,749		$	81,376		$	84,366
Allowance for loan losses as a percent of period-end loans		1.21	%		1.40	%		1.86	%
Allowance for loan losses to nonperforming loans + accruing loans 90 days past due		54.93	%		67.24	%		115.27	%

(a) Covered and acquired loans are considered to be performing due to the application of the accretion method under acquisition accounting. Acquired loans are recorded at fair value with no allowance brought forward in accordance with acquisition accounting. Certain acquired loans and foreclosed assets are also covered under FDIC loss sharing agreements, which provide considerable protection against risk. Due to the protection of loss sharing agreements and the impact of acquisition accounting, management has excluded acquired loans and covered assets from this table to provide improved comparability to prior periods and better perspective into asset quality trends.

(b) Excludes acquired covered loans not accounted for under the accretion method of $6,162, $6,174, and $34,106. Also excludes non-covered acquired performing loans of $22,924, $7,143, and $1,061.

(c) Excludes covered foreclosed assets of $38,888, $44,779, and $23,306.

(d) Excludes allowance for loan losses recorded on covered acquired loans of $55,842, $59,392, and $33,747. There is no allowance on non-covered acquired loans.

54

	Three Months Ended									Nine Months Ended
	September 30,			June 30,			September 30,			September 30,
	2012			2012			2011			2012			2011
	(in thousands)
Period-end Balance Sheet
Total loans	$	11,434,448		$	11,078,146		$	11,102,269		$	11,434,448		$	11,102,269
Loans held for sale		51,097			44,918			64,545			51,097			64,545
Securities		4,053,271			4,320,457			4,604,835			4,053,271			4,604,835
Short-term investments		320,057			650,470			895,235			320,057			895,235
Earning assets		15,858,873			16,093,991			16,666,884			15,858,873			16,666,884
Allowance for loan losses		(135,591	)		(140,768	)		(118,113	)		(135,591	)		(118,113	)
Other assets		2,800,848			2,825,484			2,866,918			2,800,848			2,866,918
Total assets	$	18,524,130		$	18,778,707		$	19,415,689		$	18,524,130		$	19,415,689
Noninterest bearing deposits	$	5,151,146		$	5,040,484		$	5,050,354		$	5,151,146		$	5,050,354
Interest bearing transaction and savings deposits		5,876,638			5,876,843			5,580,160			5,876,638			5,580,160
Interest bearing public funds deposits		1,321,227			1,479,378			1,361,860			1,321,227			1,361,860
Time deposits		2,423,940			2,534,115			3,299,835			2,423,940			3,299,835
Total interest bearing deposits		9,621,805			9,890,336			10,241,855			9,621,805			10,241,855
Total deposits		14,772,951			14,930,820			15,292,209			14,772,951			15,292,209
Other borrowed funds		1,056,961			1,193,021			1,278,646			1,056,961			1,278,646
Other liabilities		259,730			255,504			418,172			259,730			418,172
Stockholders’ equity		2,434,488			2,399,362			2,426,662			2,434,488			2,426,662
Total liabilities & stockholders’ equity	$	18,524,130		$	18,778,707		$	19,415,689		$	18,524,130		$	19,415,689
Average Balance Sheet
Total loans (b)	$	11,259,592		$	11,140,116		$	11,248,728		$	11,197,754		$	7,628,338
Securities (a)		4,039,191			4,292,686			4,358,802			4,174,956			2,686,787
Short-term investments		531,195			733,489			983,784			705,205			919,087
Earning assets		15,829,978			16,166,291			16,591,314			16,077,915			11,234,212
Allowance for loan losses		(140,661	)		(142,991	)		(114,304	)		(136,257	)		(97,574	)
Other assets		2,909,649			2,964,097			3,078,674			2,983,774			2,032,113
Total assets	$	18,598,966		$	18,987,397		$	19,555,684		$	18,925,432		$	13,168,751
Noninterest bearing deposits	$	5,076,152		$	5,149,898		$	4,931,083		$	5,194,751		$	2,782,980
Interest bearing transaction and savings deposits		5,869,281			5,881,673			5,660,284			5,792,586			3,603,461
Interest bearing public fund deposits		1,426,405			1,517,743			1,400,972			1,491,514			1,304,594
Time deposits		2,473,450			2,604,387			3,469,365			2,624,039			2,816,037
Total interest bearing deposits		9,769,136			10,003,803			10,530,621			9,908,139			7,724,092
Total deposits		14,845,288			15,153,701			15,461,704			15,102,890			10,507,072
Other borrowed funds		1,112,304			1,212,692			1,405,815			1,187,340			892,741
Other liabilities		236,134			233,539			268,762			245,940			177,367
Stockholders’ equity		2,405,240			2,387,465			2,419,403			2,389,262			1,591,571
Total liabilities & stockholders’ equity	$	18,598,966		$	18,987,397		$	19,555,684		$	18,925,432		$	13,168,751

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

(b) Includes held for sale

55

LIQUIDITY

Liquidity management encompasses our ability to ensure that funds are available to meet the cash flow requirements of depositors and borrowers, while also ensuring that we have adequate cash flow to meet our various needs, including operating, strategic and capital. Without proper liquidity management, we would not be able to perform the primary function of a financial intermediary and would not be able to meet the needs of the communities in which we have a presence and serve. In addition, the parent holding company’s principal source of liquidity is dividends from its subsidiary banks. Liquidity is required at the parent holding company level for the purpose of paying dividends to stockholders, servicing any debt we may have, funding net outlays for business combinations as well as general corporate expenses.

The asset portion of the balance sheet provides liquidity primarily through loan principal repayments, maturities of investment securities, the ability to use the loan and securities portfolios as collateral for borrowings and occasional sales of various assets. Short-term investments such as federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks are additional sources of liquidity funding. Free securities represent unencumbered and unpledged securities assigned to dealer repurchase agreements that mature within 30 days and securities assigned to the Federal Reserve Bank discount window which are not pledged against current funding and which are available within one day.

The liability portion of the balance sheet provides liquidity through various customers’ interest-bearing and non-interest-bearing deposit accounts. Purchases of federal funds, securities sold under agreements to repurchase and other short-term borrowings are additional sources of liquidity. These sources of liquidity are short-term in nature and are used as necessary to fund asset growth and meet short-term liquidity needs. Our short-term borrowing capacity includes an approved line of credit with the Federal Home Loan Bank of $2.22 billion and borrowing capacity at the Federal Reserve’s discount window in excess of $1.37 billion. Our core deposits at September 30, 2012 were down from year end at $13.6 billion. Core deposits represent total deposits less CDs greater than $100,000 and foreign branch deposits. Net wholesale funding was also down at $1.0 billion.

Cash generated from operations is another important source of funds to meet liquidity needs. The consolidated statements of cash flows provide present operating cash flows and summarize all significant sources and uses of funds for the first nine months of 2012 and 2011.

Liquidity Ratios

	September 30, 2012			December 31, 2011
($ in thousands)
Free securities		39.00	%		31.20	%
Free securities-net wholesale funds/core deposits		3.36	%		0.23	%
Wholesale funding diversification:
Certificate of deposits > $100,000*		7.41	%		9.53	%
Brokered certificate of deposits		0.00	%		0.00	%
Public fund certificate of deposits	$	49,247		$	111,030
Net wholesale funds	$	1,046,123		$	1,340,299
Core deposits	$	13,677,581		$	14,216,496

* CDs > $100K includes public funds

56

CAPITAL RESOURCES

Stockholders’ equity totaled $2.4 billion at September 30, 2012, up $67 million from December 31, 2011. The tangible common equity ratio increased to 9.09% at September 30, 2012 from 7.96% at December 31, 2011. The primary quantitative measures that regulators use to gauge capital adequacy are the ratios of total and Tier 1 regulatory capital to risk-weighted assets (risk-based capital ratios) and the ratio of Tier 1 capital to average total assets (leverage ratio). Both the Company and its bank subsidiaries are required to maintain minimum risk-based capital ratios of 8.0% total regulatory capital and 4.0% Tier 1 capital. The minimum leverage ratio is 3.0% for bank holding companies and banks that meet certain specified criteria, including having the highest supervisory rating. All others are required to maintain a leverage ratio of at least 4.0%. At September 30, 2012, our regulatory capital ratios and those of the Banks were well in excess of current regulatory minimum requirements, as indicated in the table below. The Company and the Banks have been categorized as “well capitalized” in the most recent notices received from our regulators.

	September 30, 2012			December 31, 2011
Regulatory ratios:
Total capital (to risk weighted assets)
Company		14.20	%		13.59	%
Hancock Bank		14.58	%		14.21	%
Whitney Bank		13.94	%		12.76	%
Tier 1 capital (to risk weighted assets)
Company		12.54	%		11.48	%
Hancock Bank		13.31	%		12.94	%
Whitney Bank		12.52	%		10.90	%
Tier 1 leverage capital
Company		9.17	%		8.17	%
Hancock Bank		9.00	%		8.15	%
Whitney Bank		9.26	%		8.19	%

(1) Tier 1 capital generally includes common equity, retained earnings, non-controlling interest in equity of consolidated subsidiaries and a limited amount of qualifying perpetual preferred stock, reduced by goodwill and other disallowed intangibles and disallowed deferred tax assets and certain other assets. Total capital consists of Tier 1 capital plus perpetual preferred stock not qualifying as Tier 1 capital, mandatory convertible securities, certain types of subordinated debt and a limited amount of allowances for credit losses.

(2) The risk-weighted asset base is equal to the sum of the aggregate value of assets and credit-converted off-balance sheet items in each risk category as specified in regulatory guidelines, multiplied by the weight assigned by the guidelines to that category.

(3) The Tier 1 leverage capital ratio is Tier 1 capital divided by average total assets reduced by the deductions for Tier 1 capital noted above.

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BALANCE SHEET ANALYSIS

Securities

Investment in securities totaled $4.1 billion at September 30, 2012 and $4.5 billion at December 31, 2011. The decline of $444 million from the end of 2011 reflects mainly the use of some of the proceeds from maturities and scheduled repayments to fund the net loan growth and reduction in deposits and short-term borrowings discussed below. At September 30, 2012 securities available for sale totaled $2.2 billion and securities held to maturity totaled $1.8 billion. Our securities portfolio consists mainly of residential mortgage-backed securities and collateralized mortgage obligations that are issued or guaranteed by U.S. government agencies. The portfolio is designed to enhance liquidity while providing acceptable rates of return. Therefore, we invest only in high quality securities of investment grade quality with a targeted duration, for the overall portfolio, generally between two to five years. Our policies limit investments to securities having a rating of no less than “Baa”, or its equivalent by a nationally recognized statistical rating Agency, except for certain non-rated obligations of counties, parishes and municipalities within our markets in Mississippi, Louisiana, Texas, Florida or Alabama.

Loans

Total loans at September 30, 2012 were $11.4 billion, an increase of $356 million (3%) from June 30, 2012 and $257 million (2%) from December 31, 2011. Excluding the FDIC-covered portfolio acquired with Peoples First, total loans were up $388 million linked-quarter and $373 million (4%) compared to year-end 2011. During the first nine months of 2012, net growth in commercial non-real estate (C&I), residential mortgage and consumer loans was partially offset by net reductions in construction and land development (C&D) and commercial real estate (CRE) credits. Hancock’s loan pipeline remains strong, but the market for new loans remains highly competitive. Although management expects continued net loan growth in future quarters, the rate of growth may be below the pace in the current quarter.

See Note 4 of the consolidated financial statements for the composition of originated, acquired and covered loans for September 30, 2012 and December 31, 2011. Originated loans include all loans not included in the acquired and covered loan portfolios described below. Acquired loans are those purchased in the Whitney acquisition on June 4, 2011, including loans that were performing satisfactorily at the date (acquired performing) and loans acquired with evidence of credit deterioration (acquired impaired). Covered loans are those purchased in the December 2009 acquisition of Peoples First, which are covered by loss share agreements between the FDIC and the Company that afford significant loss protection. Purchased loans acquired in a business combination are recorded at estimated fair value on their purchase date without carryover of any allowance for loan losses. Certain differences in the accounting for originated loans and for acquired performing and acquired impaired loans (which include all covered loans) are described in Note 4 to the consolidated financial statements.

Originated C&I loans were up $891 million since year end, including $514 million during the third quarter of 2012. The net increase reflected activity with both existing and new customers and was concentrated mainly in the Company’s markets in Houston, Greater New Orleans, western Louisiana and several Florida markets, with a sizeable portion of the new business generated from customers in the oil and gas energy sector.

The Company’s commercial customer base is diversified over a range of industries, including oil and gas (O&G), wholesale and retail trade in various durable and nondurable products and the manufacture of such products, marine transportation and maritime construction, financial and professional services, and agricultural production. Loans outstanding to O&G industry customers totaled approximately $758 million at September 30, 2012, up $125 million from June 30, 2012 and approximately $150 million from December 31, 2011. The majority of the O&G portfolio is with customers who provide transportation and other services and products to support exploration and production activities. The Banks lend mainly to middle-market and smaller commercial entities, although they do occasionally participate in larger shared-credit loan facilities with familiar businesses operating in the Company’s market areas. Shared credits funded at September 30, 2012 totaled approximately $950 million, of which approximately $410 million was with O&G customers.

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Originated C&D loans and originated CRE loans, which include loans on both income-producing and owner-occupied properties, increased a combined $249 million in the first nine months of 2012, with $102 million of net growth in the third quarter. This increase reflects the funding of existing commitments as well as some new business across the Company’s footprint and covers a variety of retail, multi-family residential, commercial and other projects, including some sizable projects to expand or renovate established properties in Louisiana. Overall, however, there continues to be limited opportunities for funding new quality projects in today’s environment.

Originated residential mortgages were up $270 million over the first nine months of 2012, and originated consumer loans increased $283 million over this period. The Company has increased its emphasis on residential mortgages to be held in the loan portfolio, and customer demand has been supported by historically low market rates for home loans. Lending campaigns for indirect auto loans and home equity loans initiated in the second quarter of 2012 contributed to the growth in the originated consumer portfolio.

The portfolio of acquired Whitney loans has declined $1.3 billion since December 31, 2011, with a $382 million decrease during the third quarter of 2012. The year-to-date decrease included a $439 million decline in the C&I category, $513 million in the C&D and CRE categories, and $369 million in the residential mortgage and consumer loans categories. There were no significant trends underlying the reduction in the C&I category, and the Company continues its relationship with many of the commercial customers who have paid down their loans since the acquisition. Reductions in acquired C&D and CRE categories as well as the residential mortgage and consumer categories reflected mainly normal repayment and refinancing activity.

Total covered loans at September 30, 2012 were down $116 million from December 31, 2011, including a $32 million decrease during the third quarter of 2012. These reductions reflect normal repayments, charge-offs and foreclosures. The covered portfolio will continue to decline over the terms of the loss share agreements.

Allowance for Loan Losses and Asset Quality

At September 30, 2012, the allowance for loan losses was $135.6 million compared with $140.8 million at June 30, 2012 and $124.9 million at December 31, 2011. The ratio of the allowance for loan losses as a percent of period-end loans was 1.19% at September 30, 2012, compared to 1.27% at June 30, 2012 and 1.12% at December 31, 2011. The changes in the allowance during the third quarter of 2012 and since the end of 2011 were related mainly to the portfolio covered under FDIC loss-sharing agreements.

The Company recorded a total provision for loan losses in the third quarter of 2012 of $8.1 million, compared to $8.0 million in the second quarter of 2012 and $9.3 million in the third quarter of 2011. The entire $8.1 million provision in third quarter of 2012 was for non-covered loans, compared to $7.0 million in the second quarter of 2012 and $9.0 million in the year-earlier quarter. The Company identified no additional impairment on certain pools of FDIC-covered loans in the quarterly review as of September 30, 2012 and, as a result, recorded no provision for loan losses on the covered portfolio for the third quarter of 2012. Provisions on the covered portfolio, net of the benefit from the related increase in the indemnification asset, totaled $1.0 million in the second quarter of 2012 and $0.2 million in the third quarter of 2011.

Net charge-offs from the non-covered loan portfolio in the third quarter of 2012 were $9.7 million, or 0.34% of average total loans on an annualized basis. This compares to net non-covered charge-offs of $10.2 million, or 0.37% of average total loans, for the second quarter of 2012, and $7.8 million, or 0.28%, for the third quarter of 2011. The allowance calculated on the portion of the loan portfolio that excludes covered loans and loans acquired at fair value in the Whitney merger totaled $79.7 million, or 1.21% of this portfolio at September 30, 2012, and $83.2 million, or 1.70% at December 31, 2011. This ratio is expected to decline as the proportion of this portfolio representing new business from Whitney’s operations grows, other factors held constant.

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The following table sets forth activity in the allowance for loan losses for the periods indicated. In the following tables, commercial loans encompass commercial non-real estate loans, construction and land development loans and commercial real estate loans.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
	(In thousands)
Balance of allowance for loan losses at beginning of period	$	140,768		$	112,407		$	124,881		$	81,997
Loans charged-off:
Non-covered loans:
Commercial		5,065			10,764			18,036			25,598
Residential mortgages		2,256			368			4,889			1,774
Consumer		4,890			3,398			11,663			8,855
Total non-covered charge-offs		12,211			14,530			34,588			36,227
Covered loans:
Commercial		3,550			—			22,839			—
Consumer		—			—			—			375
Total covered charge-offs		3,550			—			22,839			375
Total charge-offs		15,761			14,530			57,427			36,602
Recoveries of loans previously charged-off:
Non-covered loans:
Commercial		1,160			5,590			4,225			9,863
Residential mortgages		244			83			310			1,044
Consumer		1,079			1,032			3,060			2,813
Total recoveries		2,483			6,705			7,595			13,720
Net charge-offs - non-covered		9,728			7,825			26,993			22,507
Net charge-offs - covered		3,550			—			22,839			375
Total net charge-offs		13,278			7,825			49,832			22,882
Provision for loan losses before FDIC benefit - covered loans		—			4,500			37,025			33,448
Benefit attributable to FDIC loss share agreement		—			(4,275	)		(34,401	)		(31,777	)
Provision for loan losses non-covered loans		8,101			9,031			23,517			25,550
Provision for loan losses, net		8,101			9,256			26,141			27,221
Increase in indemnification asset		—			4,275			34,401			31,777
Balance of allowance for loan losses at end of period	$	135,591		$	118,113		$	135,591		$	118,113
Ratios:
Gross charge-offs - non-covered to average loans		0.43	%		0.51	%		0.41	%		0.63	%
Recoveries - non-covered to average loans		0.09	%		0.24	%		0.09	%		0.24	%
Net charge-offs - non-covered to average loans		0.34	%		0.28	%		0.32	%		0.39	%
Allowance for loan losses to period-end loans		1.19	%		1.06	%		1.19	%		1.06	%

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The following table sets forth non-performing assets by type for the periods indicated, consisting of non-accrual loans, troubled debt restructurings and other real estate owned (ORE) and foreclosed assets. Loans past due 90 days or more and still accruing are also disclosed.

	September 30, 2012			December 31, 2011
	(In thousands)
Loans accounted for on a non-accrual basis:
Commercial loans	$	110,604		$	69,113
Commercial loans - restructured		20,168			4,142
Total commercial loans		130,772			73,255
Residential mortgage loans		17,827			25,043
Residential mortgage loans - restructured		1,460			—
Total residential mortgage loans		19,287			25,043
Consumer loans		7,068			4,972
Total non-accrual loans		157,127			103,270
Restructured loans:
Commercial loans - non-accrual		20,168			4,142
Residential mortgage loans - non-accrual		1,460			—
Total restructured loans - non-accrual		21,628			4,142
Commercial loans - still accruing		10,155			12,812
Residential mortgage loans - still accruing		556			1,191
Total restructured loans - still accruing		10,711			14,003
Total restructured loans		32,339			18,145
ORE and foreclosed assets		130,613			159,751
Total non-performing assets*	$	298,451		$	277,024
Loans 90 days past due still accruing	$	8,906		$	5,880
Ratios:
Non-performing assets to loans plus ORE and foreclosed assets		2.58	%		2.44	%
Allowance for loan losses to non-performing loans and accruing loans 90 days past due		76.72	%		101.00	%
Loans 90 days past due still accruing to loans		0.08	%		0.05	%

* Includes total non-accrual loans, total restructured loans - still accruing and ORE and foreclosed assets.

Non-performing assets (NPAs) totaled $298 million at September 30, 2012, compared to $277 million at year-end 2011. Non-performing assets as a percent of total loans and ORE and foreclosed assets was 2.58% at September 30, 2012, compared to 2.44% at December 31, 2011. The increase in non-accrual loans since the end of 2011 reflects mainly the movement to non-accrual status of a few legacy Hancock credits, primarily commercial real estate-related credits located in Louisiana, that were previously categorized as potential problems. The increase also includes certain Whitney acquired performing loans that have moved to non-accrual consisting mainly of smaller dollar residential mortgage and commercial credits, primarily located in Louisiana. Non-performing loans exclude loans from the Whitney and covered Peoples First acquired credit-impaired portfolios that were recorded at estimated fair value at acquisition and are accreting interest income. ORE and foreclosed assets decreased a net $29 million during the first nine months of 2012 reflects, reflecting in part some significant sales of legacy Whitney properties.

Additional asset quality metrics for the acquired (Whitney), covered (Peoples First) and legacy (Hancock legacy plus Whitney non-acquired loans) portfolios are included in Selected Financial Data.

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Short-Term Investments

Short-term liquidity investments, including interest-bearing bank deposits and Federal funds sold, declined $864 million from December 31, 2011 to a total of $320 million at September 30, 2012. Average short-term investments were down $202 million (28%) from the second quarter of 2012. During the first nine months of 2012, the Company has used its excess liquidity mainly to fund reductions in deposits and short-term borrowings as discussed below.

Deposits

Total deposits were $14.8 billion at September 30, 2012, down $158 million (1%) from June 30, 2012, and $941 million (6%) from December 31, 2011. Average deposits for the third quarter of 2012 totaled $14.8 billion, down $308 million (2%) compared to the second quarter of 2012.

Noninterest-bearing demand deposits (DDAs) totaled $5.2 billion at September 30, 2012, up $111 million (2%) from June 30, 2012, but down $365 million (7%) compared to December 31, 2011. Interest-bearing transaction and savings deposits totaling $5.9 billion at September 30, 2012 were unchanged from June 30, 2012, but were up $274 million (5%) from year-end 2011. Approximately $240 million of DDAs were converted to low-cost interest-bearing deposits during the core systems conversion in March 2012 in order to best match the existing product benefits offered. The redeployment of temporary excess liquidity in a few customer relationships during the second quarter of 2012 also contributed to the decline in DDAs from the end of 2011. Noninterest-bearing demand deposits comprised 35% of total period-end deposits at both September 30, 2012 and at year-end 2011 compared to 34% at June 30, 2012.

Interest-bearing public fund deposits totaled $1.3 billion at September 30, 2012, down $158 million (11%) from June 30, 2012 and $299 million (18%) from December 31, 2011, reflecting mainly the seasonal nature of these deposits.

Time deposits (CDs) totaled $2.4 billion at September 30, 2012, down $110 million (4%) compared to June 30, 2012 and $433 million (15%) compared to year-end 2011. During the third quarter, approximately $600 million of CDs matured at an average rate of 0.54%, of which approximately two-thirds renewed at an average cost of 0.21%. The opportunity to re-price CDs at significantly lower rates over the near term is severely limited.

Borrowings

Total borrowings at September 30, 2012 were $1.1 billion, compared to $1.2 billion at June 30, 2012, and $1.4 billion at December 31, 2011. Short-term borrowings, which come mainly from customer repurchase agreements, declined $296 million from year-end 2011 to a total of $749 million at September 30, 2012, with substantially all of the decrease coming in the first quarter of 2012. Additional funds were available to certain corporate customers at the end of 2011 reflecting temporary inflows from both year-end funds management activities and specific transactions.

During the second quarter of 2012, the Company initiated a tender offer for up to $75 million of Whitney Bank’s subordinated debt. A total of $150 million of 10-year 5.875% fixed-rate subordinated debt had been issued by Whitney National Bank in March 2007 and was assumed by Hancock in the Whitney acquisition. In July 2012, the tender was consummated, and approximately $52 million of the Whitney subordinated debt was repurchased. In addition to paying the indebtedness represented by the notes and accrued interest, the Company incurred approximately $5.3 million in costs, including a premium of $5.1 million, that are included in noninterest expense for the third quarter for 2012. These subordinated notes qualify as capital in the calculation of certain regulatory capital ratios, but the qualified amount has been reduced by 20% per year starting in the second quarter of 2012 through maturity. By using its excess liquidity to repurchase this outstanding debt, the Company will lower its overall funding costs by approximately $3 million annually.

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OFF-BALANCE SHEET ARRANGEMENTS

Loan Commitments and Letters of Credit

In the normal course of business, the Banks enter into financial instruments, such as commitments to extend credit and letters of credit, to meet the financing needs of their customers. Such instruments are not reflected in the accompanying consolidated financial statements until they are funded, although they expose the Banks to varying degrees of credit risk and interest rate risk in much the same way as funded loans.

Commitments to extend credit include revolving commercial credit lines, non-revolving loan commitments issued mainly to finance the acquisition and development of construction of real property or equipment, and credit card and personal credit lines. The availability of funds under commercial credit lines and loan commitments generally depends on whether the borrower continues to meet credit standards established in the underlying contract and has not violated other contractual conditions. Loan commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee by the borrower. Credit card and personal credit lines are generally subject to cancellation if the borrower’s credit quality deteriorates. A number of commercial and personal credit lines are used only partially or, in some cases, not at all before they expire, and the total commitment amounts do not necessarily represent future cash requirements of the Company.

A substantial majority of the letters of credit are standby agreements that obligate the Banks to fulfill a customer’s financial commitments to a third party if the customer is unable to perform. The Banks issue standby letters of credit primarily to provide credit enhancement to their customers’ other commercial or public financing arrangements and to help them demonstrate financial capacity to vendors of essential goods and services. The contract amounts of these instruments reflect the Company’s exposure to credit risk. The Banks undertake the same credit evaluation in making loan commitments and assuming conditional obligations as it does for on-balance sheet instruments and may require collateral or other credit support.

The following table shows the commitments to extend credit and letters of credit at September 30, 2012 according to expiration date.

					Expiration Date
			Less than		1-3		3-5		More than
	Total		1 year		years		years		5 years
	(In thousands)
Commitments to extend credit	$	4,080,696	$	2,437,452	$	638,934	$	566,557	$	437,753
Letters of credit		429,649		288,689		83,541		57,419		—
Total	$	4,510,345	$	2,726,141	$	722,475	$	623,976	$	437,753

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and with general practices followed by the banking industry which requires management to make estimates and assumptions about future events. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities not readily apparent from other sources. Actual results could differ significantly from those estimates.

NEW ACCOUNTING PRONOUNCEMENTS

See Note 12 to our Consolidated Financial Statements included elsewhere in this report.

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SEGMENT REPORTING

Note 11 to the consolidated financial statements provides information about the Company’s operating segments and presents comparative financial information for the operating segments for the three and nine months ended September 30, 2012 and September 30, 2011.

Net income in the third quarter of 2012 for the Hancock segment, excluding tax-effected merger-related expenses, totaled approximately $16 million, up $1 million from the second quarter of 2012 and up $6 million from the same period in 2011. The increase in operating income for the Hancock segment from the prior year was primarily due to an increase in net interest income, partially offset by increases in the provision for loan losses, depreciation and amortization, and other noninterest expense, as well as a decrease in the amount of accretion of the indemnification asset. Most of these increases were related to the transfer of certain operations into the Hancock segment. Coincident with the completion of the conversion of Whitney’s core systems in mid-March 2012, Whitney operations in Florida and Alabama were transferred to Hancock.

Excluding tax-effected merger-related expenses and the expenses related to the repurchase of a portion of Whitney Bank’s subordinated debt, net income for the Whitney segment in the third quarter of 2012 totaled approximately $33 million. This amount is up about $2 million from the prior quarter, and down less than $2 million from the third quarter of 2011. The decreases in net interest income and noninterest income resulting from the transfer of operations mentioned above were mostly offset by a decreases in noninterest expense and the provision for loan losses.

FORWARD LOOKING STATEMENTS

This Form 10-Q 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, and we intend such forward-looking statements to be covered by the safe harbor provisions therein and are including this statement for purposes of invoking these safe-harbor provisions. Forward-looking statements provide projections of results of operations or of financial condition or state other forward-looking information, such as expectations about future conditions and descriptions of plans and strategies for the future. Forward-looking statements that we may make include, but may not be limited to, comments with respect to loan growth, deposit trends, credit quality trends, net interest margin trends, future expense levels (including merger costs and cost synergies), projected tax rates, economic conditions in our markets, future profitability, purchase accounting impacts such as accretion levels, and the financial impact of regulatory requirements such as the Durbin amendment. Hancock’s ability to accurately project results or predict the effects of future plans or strategies is inherently limited. Although Hancock believes that the expectations reflected in its forward-looking statements are based on reasonable assumptions, actual results and performance could differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ from those expressed in Hancock’s forward-looking statements include, but are not limited to, those risk factors outlined in Hancock’s public filings with the Securities and Exchange Commission, which are available at the SEC’s internet site (http://www.sec.gov). You are cautioned not to place undue reliance on these forward-looking statements. Hancock does not intend, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of differences in actual results, changes in assumptions or changes in other factors affecting such statements, except as required by law.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

Our net income is materially dependent on our net interest income. Hancock’s primary market risk is interest rate risk that stems from uncertainty with respect to absolute and relative levels of future market interest rates that affect our financial products and services. In an attempt to manage our exposure to interest rate risk, management measures the sensitivity of our net interest income and cash flows under various market interest rate scenarios, establishes interest rate risk management policies and implements asset/liability management strategies designed to produce a relatively stable net interest margin under varying rate environments.

Hancock measures its interest rate sensitivity primarily by running net interest income simulations. The model measures annual net interest income sensitivity relative to a base case scenario and incorporates assumptions regarding balance sheet growth and the mix of earning assets and funding sources as well as pricing, re-pricing and maturity characteristics of the existing and projected balance sheet. The table below presents the results of simulations run as of September 30, 2012 assuming the indicated instantaneous and sustained parallel shift in the yield curve at the measurement date. These results indicate that we are slightly asset sensitive as compared to the stable rate environment assumed for the base case.

Net Interest Income (te) at Risk
Change in interest rate (basis point)	Estimated increase (decrease) in net interest income
Stable	0.00%
+100	2.41%
+200	5.68%
+300	9.14%

Note: Decrease in interest rates discontinued in the current rate environment

The foregoing disclosures related to our market risk should be read in conjunction with our audited consolidated financial statements, related notes and management’s discussion and analysis for the year ended December 31, 2011 included in our 2011 Annual Report on Form 10-K.

Item 4. Controls and Procedures

At the end of the period covered by this Quarterly Report on Form 10-Q, we carried out an evaluation, under the supervision and with the participation of management, including the Chief Executive Officers and the Chief Financial Officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15 (e) and 15d-15 (e) under the Exchange Act). Based upon that evaluation, our Chief Executive Officers and Chief Financial Officer have concluded that our disclosure controls and procedures are effective as of the end of the period covered by this report to timely alert them to material information relating to us (including our consolidated subsidiaries) required to be included in our Exchange Act filings.

Other than changes required in connection with the ongoing integration of Whitney and Hancock operations, our management, including the Chief Executive Officers and Chief Financial Officer, identified no change in our internal control over financial reporting that occurred during the three month period ended September 30, 2012, that has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings

As previously reported, the putative class action lawsuit, Angelique LaCour, et al. v. Whitney Bank, is subject to a pending settlement agreement. The Court granted preliminary certification of the defined class and approval of the proposed settlement on June 4, 2012. Notices were mailed to the identified class members. The Company had established a liability for the proposed settlement in the fourth quarter of 2011 and that reserve ($6.8 million) has been provided to the Settlement Administrator to establish the escrow account for the pending settlement. On Tuesday, October 23, 2012, the Court entered its Order Granting final approval of the Settlement and dismissal of the case.

The Company is party to various other legal proceedings arising in the ordinary course of business. In the opinion of management, after consultation with legal counsel, each matter is not expected to have a material adverse effect on the financial statements of the Company.

Item 1A. Risk Factors

An interruption or breach in our information systems or infrastructure, or those of third parties, could disrupt our business, result in the unauthorized disclosure of confidential information, damage our reputation and cause financial losses.

Our business is dependent on our ability to process and monitor a large number of transactions on a daily basis and to securely process, store and transmit confidential and other information on our computer systems and networks. We rely heavily on our information and communications systems and those of third parties who provide critical components of our information and communications infrastructure. These systems are critical to the operation of our business and essential to our ability to perform day-to-day operations. Our financial, accounting, data processing or other information systems and facilities, or those of third parties on whom we rely, may fail to operate properly or become disabled as a result of events that are wholly or partially beyond our control, such as a spike in transaction volume, cyber attack or other unforeseen catastrophic events, which may adversely affect our ability to process transactions or provide services.

Although we make continuous efforts to maintain the security and integrity of our information systems and have not experienced a cyber attack, threats to information systems continue to evolve and there can be no assurance that our security efforts and measures will continue to be effective. The risk of a security breach or disruption, particularly through cyber attack or cyber intrusion, has increased as the number, intensity and sophistication of attempted attacks and intrusions from around the world have increased. Threats to our information systems may originate externally from third parties such as foreign governments, organized crime and other hackers, outsource or infrastructure-support providers and application developers, or may originate internally. As a financial institution, we face a heightened risk of a security breach or disruption from attempts to gain unauthorized access to our and our customers’ data and financial information, whether through cyber attack, cyber intrusion over the internet, malware, computer viruses, attachments to e-mails, spoofing, phishing, or spyware.

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As a result, our information, communications and related systems, software and networks may be vulnerable to breaches or other significant disruptions that could: (1) disrupt the proper functioning of our networks and systems, which could disrupt our operations and those of certain of our customers; (2) result in the unauthorized access to, and destruction, loss, theft, misappropriation or release of confidential, sensitive or otherwise valuable information of ours or our customers, including account numbers and other financial information; (3) result in a violation of applicable privacy and other laws, subjecting the Bank to additional regulatory scrutiny and expose the Bank to civil litigation and possible financial liability; (4) require significant management attention and resources to remedy the damages that result; and (5) harm our reputation or impair our customer relationships. The occurrence of such failures, disruptions or security breaches could have a negative impact on our results of operations, financial condition, and cash flows. To date we have not experienced an attack that has impacted the results of our operations, financial condition, and cash flows.

A failure in our operational systems or infrastructure, or those of third parties, could impair our liquidity, disrupt our businesses, result in the unauthorized disclosure of confidential information, damage our reputation and cause financial losses.

Our ability to adequately conduct and grow our business and manage its risks is dependent on our ability to create and maintain an appropriate operational and organizational control infrastructure. Operational risk can arise in numerous ways including employee fraud, customer fraud, and control lapses in bank operations and information technology. Our dependence on our employees and automated systems, including the automated systems used by acquired entities and third parties, to record and process transactions, and monitor our loan and securities portfolios, may further increase the risk that technical failures of, or tampering with, those systems will result in operational or systemic disruption that could be challenging to remediate or losses that are difficult to detect. We are also subject to disruptions of our operating systems arising from events that are wholly or partially beyond our control such as hurricanes and other natural events. Failure to maintain an appropriate operational infrastructure can lead to loss of service to customers, legal actions, and noncompliance with various laws and regulations.

We continuously monitor our operational and technological capabilities and make modifications and improvements when we believe it will be cost effective to do so. In some instances, we may build and maintain these capabilities ourselves. We also outsource some of these functions to third parties. These third parties may experience errors or disruptions that could adversely impact us and over which we may have no or only limited control. We also face risk from the integration of new infrastructure platforms and/or new third party providers of such platforms into our existing businesses.

There have been no other material changes from the risk factors previously disclosed in our Form 10-K for the year ended December 31, 2011. The risks described may not be the only risks facing us. Additional risks and uncertainties not currently known to us or that are currently considered to not be material also may materially adversely affect our business, financial condition, and/or operating results.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

There were no purchases made by the issuer or any affiliated purchaser of the issuer’s equity securities for the nine months ended September 30, 2012.

67

Item 6. Exhibits.

(a) Exhibits:

Exhibit Number	Description
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	XBRL Interactive Data.

68

SIGNATURES

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 thereunto duly authorized.

Hancock Holding Company
By:	/s/ Carl J. Chaney
	Carl J. Chaney President & Chief Executive Officer
	/s/ John M. Hairston
	John M. Hairston Chief Executive Officer & Chief Operating Officer
	/s/ Michael M. Achary
	Michael M. Achary Chief Financial Officer
Date: November 8, 2012

69

Index to Exhibits

Exhibit Number	Description
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	XBRL Interactive Data.

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer

I, Carl J. Chaney, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Hancock Holding Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 8, 2012
By:	/s/ Carl J. Chaney
	Carl J. Chaney
	President & Chief Executive Officer

Exhibit 31.1

Certification of Chief Executive Officer

I, John M. Hairston, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Hancock Holding Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 8, 2012
By:	/s/ John M. Hairston
	John M. Hairston
	Chief Executive Officer & Chief Operating Officer

EX-31.2

Exhibit 31.2

Certification of Chief Financial Officer

I, Michael M. Achary, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Hancock Holding Company;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 8, 2012
By:	/s/ Michael M. Achary
	Michael M. Achary
	Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Hancock Holding Company (the “Company”) on Form 10-Q for the period ended September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Carl J. Chaney, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Carl J. Chaney
Name:	Carl J. Chaney
Title:	President & Chief Executive Officer
Date:	November 8, 2012

In connection with the Quarterly Report of Hancock Holding Company (the “Company”) on Form 10-Q for the period ended September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, John M. Hairston, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ John M. Hairston
Name:	John M. Hairston
Title:	Chief Executive Officer & Chief Operating Officer
Date:	November 8, 2012

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Hancock Holding Company (the “Company”) on Form 10-Q for the period ended September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Michael M. Achary, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Michael M. Achary
Name:	Michael M. Achary
Title:	Chief Financial Officer
Date:	November 8, 2012

XML

Securities - Schedule of Held-to-Maturity Securities (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012
Schedule of Held-to-maturity Securities [Line Items]
Securities Held to Maturity, Fair Value	$ 1,889,136
Securities Held to Maturity, Gross Unrealized Losses	1,711
Securities Held to Maturity, Gross Unrealized Gains	46,365
Securities Held to Maturity, Amortized Cost	1,844,482
Municipal obligations [Member]
Schedule of Held-to-maturity Securities [Line Items]
Securities Held to Maturity, Fair Value	190,867
Securities Held to Maturity, Gross Unrealized Losses	5
Securities Held to Maturity, Gross Unrealized Gains	16,510
Securities Held to Maturity, Amortized Cost	174,362
Mortgage-backed securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Securities Held to Maturity, Fair Value	199,886
Securities Held to Maturity, Gross Unrealized Gains	4,816
Securities Held to Maturity, Amortized Cost	195,070
CMOs [Member]
Schedule of Held-to-maturity Securities [Line Items]
Securities Held to Maturity, Fair Value	1,498,383
Securities Held to Maturity, Gross Unrealized Losses	1,706
Securities Held to Maturity, Gross Unrealized Gains	25,039
Securities Held to Maturity, Amortized Cost	$ 1,475,050

XML

Loans and Allowance for Loan Losses - Credit Risk Profile Based on Payment Activity (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	$ 1,685,339	$ 1,607,370
Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	1,678,271	1,602,398
Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	7,068	4,972
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	1,357,987	1,074,611
Originated loans [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	1,353,399	1,070,756
Originated loans [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	4,588	3,855
Consumer Acquired [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	219,962	386,540
Consumer Acquired [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	217,482	385,423
Consumer Acquired [Member] | Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	2,480	1,117
Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	107,390	146,219
Covered loans [Member] | Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile based on payment activity	$ 107,390	$ 146,219

XML

Loans and Allowance for Loan Losses - Summary of Composition of Non-Accrual Loans by Portfolio Segment (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 157,127	$ 103,270
Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	130,772	73,255
Residential mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	19,287	25,043
Consumer loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	7,068	4,972
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	128,041	83,307
Originated loans [Member] | Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	112,165	55,046
Originated loans [Member] | Residential mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	11,288	24,406
Originated loans [Member] | Consumer loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	4,588	3,855
Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	22,924	1,117
Acquired loans [Member] | Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	12,838
Acquired loans [Member] | Residential mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	7,606
Acquired loans [Member] | Consumer loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	2,480	1,117
Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	6,162	18,846
Covered loans [Member] | Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	5,769	18,209
Covered loans [Member] | Residential mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 393	$ 637

XML

Loans and Allowance for Loan Losses - Changes in Carrying Amount of Covered Acquired Loans and Accretable Yield for Loans Receivable (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Covered loans [Member]
Carrying Amount of Loans, Balance at beginning of period	$ 671,443	$ 809,459
Carrying Amount of Loans, Payments received, net	(150,344)	(193,432)
Carrying Amount of Loans, Accretion	34,633	55,416
Carrying Amount of Loans, Balance at end of period	555,732	671,443
Accretable Discount, Balance at beginning of period	153,137	107,638
Accretable Discount, Accretion	(34,633)	(55,416)
Accretable Discount, Decrease in expected cash flows based on actual cash flow, loan sales and foreclosures assumptions	(9,807)	(18,930)
Accretable Discount, Net transfer from nonaccretable difference to accretable yield	18,967	119,845
Accretable Discount, Balance at end of period	127,664	153,137
Non-covered [Member]
Carrying Amount of Loans, Balance at beginning of period	339,452
Carrying Amount of Loans, Additions		535,489
Carrying Amount of Loans, Payments received, net	(181,287)	(206,306)
Carrying Amount of Loans, Accretion	38,826	10,269
Carrying Amount of Loans, Balance at end of period	196,991	339,452
Accretable Discount, Balance at beginning of period	130,691
Accretable Discount, Additions		132,136
Accretable Discount, Accretion	(38,826)	(22,719)
Accretable Discount, Decrease in expected cash flows based on actual cash flow, loan sales and foreclosures assumptions	(6,180)	(26,630)
Accretable Discount, Net transfer from nonaccretable difference to accretable yield	95,308	47,904
Accretable Discount, Balance at end of period	$ 180,993	$ 130,691

XML

Loans and Allowance for Loan Losses - Allowance for Loan Losses by Portfolio Segment and Related Recorded Investment in Loans (Detail) (USD $) In Thousands, unless otherwise specified			9 Months Ended																																								9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2012 Allowance for loan losses [Member]	Sep. 30, 2011 Allowance for loan losses [Member]		Sep. 30, 2012 Allowance for loan losses [Member] Commercial loans [Member]	Sep. 30, 2011 Allowance for loan losses [Member] Commercial loans [Member]		Sep. 30, 2012 Allowance for loan losses [Member] Residential mortgage loans [Member]	Sep. 30, 2011 Allowance for loan losses [Member] Residential mortgage loans [Member]		Sep. 30, 2012 Allowance for loan losses [Member] Consumer loans [Member]	Sep. 30, 2011 Allowance for loan losses [Member] Consumer loans [Member]		Sep. 30, 2012 Loans [Member]	Sep. 30, 2011 Loans [Member]		Sep. 30, 2012 Loans [Member] Commercial loans [Member]	Sep. 30, 2011 Loans [Member] Commercial loans [Member]		Sep. 30, 2012 Loans [Member] Residential mortgage loans [Member]	Sep. 30, 2011 Loans [Member] Residential mortgage loans [Member]		Sep. 30, 2012 Loans [Member] Consumer loans [Member]	Sep. 30, 2011 Loans [Member] Consumer loans [Member]		Sep. 30, 2012 Originated loans [Member] Allowance for loan losses [Member]	Sep. 30, 2011 Originated loans [Member] Allowance for loan losses [Member]	Sep. 30, 2012 Originated loans [Member] Allowance for loan losses [Member] Commercial loans [Member]	Sep. 30, 2011 Originated loans [Member] Allowance for loan losses [Member] Commercial loans [Member]	Sep. 30, 2012 Originated loans [Member] Allowance for loan losses [Member] Residential mortgage loans [Member]	Sep. 30, 2011 Originated loans [Member] Allowance for loan losses [Member] Residential mortgage loans [Member]	Sep. 30, 2012 Originated loans [Member] Allowance for loan losses [Member] Consumer loans [Member]	Sep. 30, 2011 Originated loans [Member] Allowance for loan losses [Member] Consumer loans [Member]	Sep. 30, 2012 Originated loans [Member] Loans [Member]	Sep. 30, 2011 Originated loans [Member] Loans [Member]	Sep. 30, 2012 Originated loans [Member] Loans [Member] Commercial loans [Member]	Sep. 30, 2011 Originated loans [Member] Loans [Member] Commercial loans [Member]	Sep. 30, 2012 Originated loans [Member] Loans [Member] Residential mortgage loans [Member]	Sep. 30, 2011 Originated loans [Member] Loans [Member] Residential mortgage loans [Member]	Sep. 30, 2012 Originated loans [Member] Loans [Member] Consumer loans [Member]	Sep. 30, 2011 Originated loans [Member] Loans [Member] Consumer loans [Member]	Sep. 30, 2012 Covered loans [Member] Allowance for loan losses [Member]	Sep. 30, 2011 Covered loans [Member] Allowance for loan losses [Member]	Sep. 30, 2012 Covered loans [Member] Allowance for loan losses [Member] Commercial loans [Member]	Sep. 30, 2011 Covered loans [Member] Allowance for loan losses [Member] Commercial loans [Member]	Sep. 30, 2012 Covered loans [Member] Allowance for loan losses [Member] Residential mortgage loans [Member]	Sep. 30, 2012 Covered loans [Member] Allowance for loan losses [Member] Consumer loans [Member]	Sep. 30, 2011 Covered loans [Member] Allowance for loan losses [Member] Consumer loans [Member]	Sep. 30, 2012 Covered loans [Member] Loans [Member]	Sep. 30, 2011 Covered loans [Member] Loans [Member]	Sep. 30, 2012 Covered loans [Member] Loans [Member] Commercial loans [Member]	Sep. 30, 2011 Covered loans [Member] Loans [Member] Commercial loans [Member]	Sep. 30, 2012 Covered loans [Member] Loans [Member] Residential mortgage loans [Member]	Sep. 30, 2011 Covered loans [Member] Loans [Member] Residential mortgage loans [Member]	Sep. 30, 2012 Covered loans [Member] Loans [Member] Consumer loans [Member]	Sep. 30, 2011 Covered loans [Member] Loans [Member] Consumer loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases receivable, Allowance, Beginning Balance	$ 135,591	$ 124,881	$ 124,881	$ 81,997		$ 78,414	$ 56,859		$ 13,918	$ 4,626		$ 32,549	$ 20,512														$ 83,246	$ 81,325	$ 60,211	$ 56,859	$ 4,894	$ 4,626	$ 18,141	$ 19,840	$ 6,581,194	$ 4,532,720	$ 4,465,736	$ 3,119,291	$ 757,471	$ 412,267	$ 1,357,987	$ 1,001,162	$ 41,635	$ 672	$ 18,203		$ 9,024	$ 14,408	$ 672	$ 555,732	$ 721,831	$ 176,724	$ 301,960	$ 271,618	$ 262,246	$ 107,390	$ 157,625
Charge-offs			(57,427)	(36,602)		(40,875)	(25,598)		(4,889)	(1,774)		(11,663)	(9,230)														(34,588)	(36,227)	(18,036)	(25,598)	(4,889)	(1,774)	(11,663)	(8,855)									(22,839)	(375)	(22,839)				(375)
Recoveries			7,595	13,720		4,225	9,863		310	1,044		3,060	2,813														7,595	13,720	4,225	9,863	310	1,044	3,060	2,813
Net provision for loan losses			26,141	27,221	[1]	25,362	18,842	[1]	6,532	5,286	[1]	(5,753)	3,093	[1]													23,496	25,548	12,618	17,514	4,336	5,286	6,542	2,748									2,645	1,673	12,744	1,328	2,196	(12,295)	345
Increase in indemnification asset			34,401	31,777	[1]	22,650	19,583	[1]	11,189			562	12,194	[1]																													34,401	31,777	22,650	19,583	11,189	562	12,194
Loans and Leases receivable, Allowance, Ending Balance	135,591	124,881	135,591	118,113		89,776	79,549		27,060	9,182		18,755	29,382		11,434,448	11,102,269		8,187,469	8,075,247		1,561,640	1,451,506		1,685,339	1,575,516		79,749	84,366	59,018	58,638	4,651	9,182	16,080	16,546	6,581,194	4,532,720	4,465,736	3,119,291	757,471	412,267	1,357,987	1,001,162	55,842	33,747	30,758	20,911	22,409	2,675	12,836	555,732	721,831	176,724	301,960	271,618	262,246	107,390	157,625
Ending balance: Individually evaluated for impairment			8,602	6,600		8,469	5,959		133	641					92,023	83,622		84,106	77,186		7,917	6,436					8,602	6,600	8,469	5,959	133	641			85,861	49,516	78,337	44,317	7,524	5,199										6,162	34,106	5,769	32,869	393	1,237
Ending balance: Collectively evaluated for impairment			126,989	111,513		81,307	73,590		26,927	8,541		18,755	29,382		11,342,425	11,018,647		8,103,363	7,998,061		1,553,723	1,445,070		1,685,339	1,575,516		71,147	77,766	50,549	52,679	4,518	8,541	16,080	16,546	6,495,333	4,483,204	4,387,399	3,074,974	749,947	407,068	1,357,987	1,001,162	55,842	33,747	30,758	20,911	22,409	2,675	12,836	549,570	687,725	170,955	269,091	271,225	261,009	107,390	157,625
Acquired loans															$ 4,297,522	$ 5,847,718	[2]	$ 3,545,009	$ 4,653,996	[2]	$ 532,551	$ 776,993	[2]	$ 219,962	$ 416,729	[2]

[1] (a) The Company increased the allowance by $33.4 million for losses related to impairment on certain pools of covered loans. This provision was mostly offset by a $31.8 million increase in the FDIC indemnification asset.

[2] In accordance with purchase accounting rules, the Whitney loans were recorded at their fair value at the time of the acquisition, and the prior allowance for loan losses was eliminated. No allowance has been established on these acquired loans since the acquisition date. These loans are included in the ending balance of loans collectively evaluated for impairment.

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Whitney Acquisition (Tables)

9 Months Ended

Sep. 30, 2012

Results of Operations

The operating results of the Company include the results from Whitney’s operations since the acquisition date. The following table represents unaudited pro forma results for illustrative purposes and is not intended to represent or be indicative of actual results of operations of the combined company that would have been achieved had the acquisition occurred at the beginning of the period presented, nor are they intended to represent or be indicative of future results of operations.

	Nine Months Ended
	September 30, 2011
(In millions)
Total revenues, net of interest expense	$	723
Net Income		88

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Derivatives - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2012
Derivative [Line Items]
Notional amount of interest rate derivatives	$ 888.4	$ 888.4
Amount reclassified to decrease to interest expense		0.4
Hedge	0	0
Termination value of derivatives in a net liability position	18.9	18.9
Collateral obligations for derivative counterparties	17.5	17.5
Interest rate swap [Member]
Derivative [Line Items]
Notional amount of interest rate derivatives	$ 140.0	$ 140.0

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Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2012

Loans, Net of Unearned Income

Loans, net of unearned income, consisted of the following:

	September 30,		December 31,
	2012		2011
	(In thousands)
Originated loans:
Commerical non-real estate	$	2,416,143	$	1,525,409
Construction and land development		628,067		540,806
Commercial real estate		1,421,526		1,259,757
Residential mortgages		757,471		487,147
Consumer		1,357,987		1,074,611
Total originated loans	$	6,581,194	$	4,887,730
Acquired loans:
Commerical non-real estate	$	1,797,827	$	2,236,758
Construction and land development		368,476		603,371
Commercial real estate		1,378,706		1,656,515
Residential mortgages		532,551		734,669
Consumer		219,962		386,540
Total acquired loans	$	4,297,522	$	5,617,853
Covered loans:
Commerical non-real estate	$	21,855	$	38,063
Construction and land development		48,094		118,828
Commercial real estate		106,775		82,651
Residential mortgages		271,618		285,682
Consumer		107,390		146,219
Total covered loans	$	555,732	$	671,443
Total loans:
Commerical non-real estate	$	4,235,825	$	3,800,230
Construction and land development		1,044,637		1,263,005
Commercial real estate		2,907,007		2,998,923
Residential mortgages		1,561,640		1,507,498
Consumer		1,685,339		1,607,370
Total loans	$	11,434,448	$	11,177,026

Allowance for Loan Losses by Portfolio Segment and Related Recorded Investment in Loans

The following schedule shows activity in the allowance for loan losses, by portfolio segment and the corresponding recorded investment in loans, for the nine months ended September 30, 2012 and September 30, 2011.

Originated loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	60,211		$	4,894		$	18,141		$	83,246
Charge-offs		(18,036	)		(4,889	)		(11,663	)		(34,588	)
Recoveries		4,225			310			3,060			7,595
Net provision for loan losses		12,618			4,336			6,542			23,496
Increase in indemnification asset		—			—			—			—
Ending balance	$	59,018		$	4,651		$	16,080		$	79,749
Ending balance:
Individually evaluated for impairment	$	8,469		$	133		$	—		$	8,602
Ending balance:
Collectively evaluated for impairment	$	50,549		$	4,518		$	16,080		$	71,147
Loans:
Ending balance:	$	4,465,736		$	757,471		$	1,357,987		$	6,581,194
Ending balance:
Individually evaluated for impairment	$	78,337		$	7,524		$	—		$	85,861
Ending balance:
Collectively evaluated for impairment	$	4,387,399		$	749,947		$	1,357,987		$	6,495,333
Covered loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	18,203		$	9,024		$	14,408		$	41,635
Charge-offs		(22,839	)		—			—			(22,839	)
Recoveries		—			—			—			—
Net provision for loan losses (a)		12,744			2,196			(12,295	)		2,645
Increase in indemnification asset (a)		22,650			11,189			562			34,401
Ending balance	$	30,758		$	22,409		$	2,675		$	55,842
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment	$	30,758		$	22,409		$	2,675		$	55,842
Loans:
Ending balance:	$	176,724		$	271,618		$	107,390		$	555,732
Ending balance:
Individually evaluated for impairment	$	5,769		$	393		$	—		$	6,162
Ending balance:
Collectively evaluated for impairment	$	170,955		$	271,225		$	107,390		$	549,570
Total loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	78,414		$	13,918		$	32,549		$	124,881
Charge-offs		(40,875	)		(4,889	)		(11,663	)		(57,427	)
Recoveries		4,225			310			3,060			7,595
Net provision for loan losses (a)		25,362			6,532			(5,753	)		26,141
Increase in indemnification asset (a)		22,650			11,189			562			34,401
Ending balance	$	89,776		$	27,060		$	18,755		$	135,591
Ending balance:
Individually evaluated for impairment	$	8,469		$	133		$	—		$	8,602
Ending balance:
Collectively evaluated for impairment	$	81,307		$	26,927		$	18,755		$	126,989
Loans:
Ending balance:	$	8,187,469		$	1,561,640		$	1,685,339		$	11,434,448
Ending balance:
Individually evaluated for impairment	$	84,106		$	7,917		$	—		$	92,023
Ending balance:
Collectively evaluated for impairment	$	8,103,363		$	1,553,723		$	1,685,339		$	11,342,425
Ending balance:
Acquired loans (b)	$	3,545,009		$	532,551		$	219,962		$	4,297,522

(a) The Company increased the allowance by $37.0 million for losses related to impairment on certain pools of covered loans. This provision was mostly offset by a $34.4 million increase in the FDIC indemnification asset.

(b) In accordance with purchase accounting rules, the Whitney loans were recorded at their fair value at the time of the acquisition, and the prior allowance for loan losses was eliminated. No allowance has been established on these acquired loans since the acquisition date. These loans are included in the ending balance of loans collectively evaluated for impairment.

Originated loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2011
Allowance for loan losses:
Beginning balance, January 1, 2011	$	56,859		$	4,626		$	19,840		$	81,325
Charge-offs		(25,598	)		(1,774	)		(8,855	)		(36,227	)
Recoveries		9,863			1,044			2,813			13,720
Net provision for loan losses		17,514			5,286			2,748			25,548
Increase in indemnification asset		—			—			—			—
Ending balance	$	58,638		$	9,182		$	16,546		$	84,366
Ending balance:
Individually evaluated for impairment	$	5,959		$	641		$	—		$	6,600
Ending balance:
Collectively evaluated for impairment	$	52,679		$	8,541		$	16,546		$	77,766
Loans:
Ending balance:	$	3,119,291		$	412,267		$	1,001,162		$	4,532,720
Ending balance:
Individually evaluated for impairment	$	44,317		$	5,199		$	—		$	49,516
Ending balance:
Collectively evaluated for impairment	$	3,074,974		$	407,068		$	1,001,162		$	4,483,204
Covered loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2011
Allowance for loan losses:
Beginning balance, January 1, 2011	$	—		$	—		$	672		$	672
Charge-offs		—			—			(375	)		(375	)
Recoveries		—			—			—			—
Net provision for loan losses (a)		1,328			—			345			1,673
Increase in indemnification asset (a)		19,583			—			12,194			31,777
Ending balance	$	20,911		$	—		$	12,836		$	33,747
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment	$	20,911		$	—		$	12,836		$	33,747
Loans:
Ending balance:	$	301,960		$	262,246		$	157,625		$	721,831
Ending balance:
Individually evaluated for impairment	$	32,869		$	1,237		$	—		$	34,106
Ending balance:
Collectively evaluated for impairment	$	269,091		$	261,009		$	157,625		$	687,725
Total loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2011
Allowance for loan losses:
Beginning balance, January 1, 2011	$	56,859		$	4,626		$	20,512		$	81,997
Charge-offs		(25,598	)		(1,774	)		(9,230	)		(36,602	)
Recoveries		9,863			1,044			2,813			13,720
Net provision for loan losses (a)		18,842			5,286			3,093			27,221
Increase in indemnification asset (a)		19,583			—			12,194			31,777
Ending balance	$	79,549		$	9,182		$	29,382		$	118,113
Ending balance:
Individually evaluated for impairment	$	5,959		$	641		$	—		$	6,600
Ending balance:
Collectively evaluated for impairment	$	73,590		$	8,541		$	29,382		$	111,513
Loans:
Ending balance:	$	8,075,247		$	1,451,506		$	1,575,516		$	11,102,269
Ending balance:
Individually evaluated for impairment	$	77,186		$	6,436		$	—		$	83,622
Ending balance:
Collectively evaluated for impairment	$	7,998,061		$	1,445,070		$	1,575,516		$	11,018,647
Ending balance:
Acquired loans (b)	$	4,653,996		$	776,993		$	416,729		$	5,847,718

(a) The Company increased the allowance by $33.4 million for losses related to impairment on certain pools of covered loans. This provision was mostly offset by a $31.8 million increase in the FDIC indemnification asset.

(b) In accordance with purchase accounting rules, the Whitney loans were recorded at their fair value at the time of the acquisition, and the prior allowance for loan losses was eliminated. No allowance has been established on these acquired loans since the acquisition date. These loans are included in the ending balance of loans collectively evaluated for impairment.

Summary of Composition of Non-Accrual Loans by Portfolio Segment

The following table shows the composition of non-accrual loans by portfolio segment and class. Acquired impaired and certain covered loans are considered to be performing due to the application of the accretion method and are excluded from the table. Covered loans accounted for using the cost recovery method do not have an accretable yield and are disclosed below as non-accrual loans. Acquired performing loans that have subsequently been placed on non-accrual status are also disclosed below.

	September 30,		December 31,
	2012		2011
	(In thousands)
Originated loans:
Commercial	$	112,165	$	55,046
Residential mortgages		11,288		24,406
Consumer		4,588		3,855
Total originated loans	$	128,041	$	83,307
Acquired loans:
Commercial	$	12,838	$	—
Residential mortgages		7,606		—
Consumer		2,480		1,117
Total acquired loans	$	22,924	$	1,117
Covered loans:
Commercial	$	5,769	$	18,209
Residential mortgages		393		637
Consumer		—		—
Total covered loans	$	6,162	$	18,846
Total loans:
Commercial	$	130,772	$	73,255
Residential mortgages		19,287		25,043
Consumer		7,068		4,972
Total loans	$	157,127	$	103,270

Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment

The table below details the troubled debt restructurings (TDR) that occurred for the three and nine months ended September 30, 2012 and 2011 by portfolio segment (dollar amounts in thousands). During these periods, no loan modified as a TDR defaulted within twelve months of its modification date. A reserve analysis is completed on all loans that have been determined to be troubled debt restructurings by management. All troubled debt restructurings are rated substandard and are considered impaired in calculating the allowance for loan losses.

	Three Months Ended
	September 30, 2012						September 30, 2011
Troubled Debt Restructurings:	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number  of Contracts			Pre-Modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Originated loans:
Commercial		9	$	11,350	$	11,974		1		$	15,855		$	13,425
Residential mortgages		3		997		847		(2	)		(711	)		(695	)
Consumer		—		—		—		—			—			—
Total originated loans		12	$	12,347	$	12,821		(1	)	$	15,144		$	12,730
Aquired loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total acquired loans		—	$	—	$	—		—		$	—		$	—
Covered loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total covered loans		—	$	—	$	—		—		$	—		$	—
Total loans:
Commercial		9	$	11,350	$	11,974		1		$	15,855		$	13,425
Residential mortgages		3		997		847		(2	)		(711	)		(695	)
Consumer		—		—		—		—			—			—
Total loans		12	$	12,347	$	12,821		(1	)	$	15,144		$	12,730

	Three Months Ended
	September 30, 2012				September 30, 2011
Troubled Debt Restructurings That Subsequently Defaulted:	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Originated loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total originated loans		—	$	—		2	$	742
Aquired loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total acquired loans		—	$	—		—	$	—
Covered loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total covered loans		—	$	—		—	$	—
Total loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total loans		—	$	—		2	$	742

	Nine Months Ended
	September 30, 2012						September 30, 2011
Troubled Debt Restructurings:	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts			Pre-Modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Originated loans:
Commercial		7	$	14,360	$	13,369		11		$	3,447		$	1,822
Residential mortgages		3		960		825		(1	)		(546	)		(415	)
Consumer		—		—		—		—			—			—
Total originated loans		10	$	15,320	$	14,194		10		$	2,901		$	1,407
Aquired loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total acquired loans		—	$	—	$	—		—		$	—		$	—
Covered loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total covered loans		—	$	—	$	—		—		$	—		$	—
Total loans:
Commercial		7	$	14,360	$	13,369		11		$	3,447		$	1,822
Residential mortgages		3		960		825		(1	)		(546	)		(415	)
Consumer		—		—		—		—			—			—
Total loans		10	$	15,320	$	14,194		10		$	2,901		$	1,407

	Nine Months Ended
	September 30, 2012				September 30, 2011
Troubled Debt Restructurings That Subsequently Defaulted:	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Originated loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total originated loans		—	$	—		2	$	742
Aquired loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total acquired loans		—	$	—		—	$	—
Covered loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total covered loans		—	$	—		—	$	—
Total loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total loans		—	$	—		2	$	742

Summary of Impaired Loans Disaggregated by Class

The following table presents impaired loans disaggregated by class at September 30, 2012 and December 31, 2011:

September 30, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(In thousands)
Originated loans:
With no related allowance recorded:
Commercial	$	36,994	$	61,108	$	—	$	17,661	$	273
Residential mortgages		6,520		10,862		—		2,863		149
Consumer		—		—		—		—		—
		43,514		71,970		—		20,524		422
With an allowance recorded:
Commercial		41,343		48,853		8,469		39,278		319
Residential mortgages		1,004		1,210		133		5,642		—
Consumer		—		—		—		—		—
		42,347		50,063		8,602		44,920		319
Total:
Commercial		78,337		109,961		8,469		56,939		592
Residential mortgages		7,524		12,072		133		8,505		149
Consumer		—		—		—		—		—
Total originated loans	$	85,861	$	122,033	$	8,602	$	65,444	$	741
Covered loans:
With no related allowance recorded:
Commercial		—		—		—		—		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		—		—		—		—		—
With an allowance recorded: (a)
Commercial		5,769		13,082		—		9,634		—
Residential mortgages		393		787		—		506		—
Consumer		—		—		—		—		—
		6,162		13,869		—		10,140		—
Total:
Commercial		5,769		13,082		—		9,634		—
Residential mortgages		393		787		—		506		—
Consumer		—		—		—		—		—
Total covered loans	$	6,162	$	13,869	$	—	$	10,140	$	—
Total loans:
With no related allowance recorded:
Commercial		36,994		61,108		—		17,661		273
Residential mortgages		6,520		10,862		—		2,863		149
Consumer		—		—		—		—		—
		43,514		71,970		—		20,524		422
With an allowance recorded:
Commercial		47,112		61,935		8,469		48,912		319
Residential mortgages		1,397		1,997		133		6,148		—
Consumer		—		—		—		—		—
		48,509		63,932		8,602		55,060		319
Total:
Commercial		84,106		123,043		8,469		66,573		592
Residential mortgages		7,917		12,859		133		9,011		149
Consumer		—		—		—		—		—
Total loans	$	92,023	$	135,902	$	8,602	$	75,584	$	741

(a) Impaired Cost Recovery loans generally will not have an allowance as the balance is charged down as the impairment is recognized.

			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
December 31, 2011	Investment		Balance		Allowance		Investment		Recognized
	(In thousands)
Originated loans:
With no related allowance recorded:
Commercial	$	10,177	$	24,935	$	—	$	13,992	$	359
Residential mortgages		1,153		1,957		—		1,087		58
Consumer		—		—		—		—		—
		11,330		26,892		—		15,079		417
With an allowance recorded:
Commercial		28,034		33,168		6,988		31,959		254
Residential mortgages		4,090		5,360		551		5,007		7
Consumer		—		—		—		—		—
		32,124		38,528		7,539		36,966		261
Total:
Commercial		38,211		58,103		6,988		45,951		613
Residential mortgages		5,243		7,317		551		6,094		65
Consumer		—		—		—		—		—
Total originated loans	$	43,454	$	65,420	$	7,539	$	52,045	$	678
Covered loans:
With no related allowance recorded:
Commercial		17,874		21,757		—		4,469		—
Residential mortgages		429		845		—		1,847		—
Consumer		—		—		—		—		—
		18,303		22,602		—		6,316		—
With an allowance recorded:
Commercial		335		335		9		27,765		—
Residential mortgages		208		228		19		52		—
Consumer
		543		563		28		27,817		—
Total:
Commercial		18,209		22,092		9		32,234		—
Residential mortgages		637		1,073		19		1,899		—
Consumer		—		—		—		—		—
Total covered loans	$	18,846	$	23,165	$	28	$	34,133	$	—
Total loans:
With no related allowance recorded:
Commercial		28,051		46,692		—		18,461		359
Residential mortgages		1,582		2,802		—		2,934		58
Consumer		—		—		—		—		—
		29,633		49,494		—		21,395		417
With an allowance recorded:
Commercial		28,369		33,503		6,997		59,724		254
Residential mortgages		4,298		5,588		570		5,059		7
Consumer		—		—		—		—		—
		32,667		39,091		7,567		64,783		261
Total:
Commercial		56,420		80,195		6,997		78,185		613
Residential mortgages		5,880		8,390		570		7,993		65
Consumer		—		—		—		—		—
Total loans	$	62,300	$	88,585	$	7,567	$	86,178	$	678

Summary of Age Analysis of Past Due Loans

The following table presents the age analysis of past due loans at September 30, 2012 and December 31, 2011:

													Recorded
					Greater than								investment
	30-59 days		60-89 days		90 days		Total				Total		> 90 days
September 30, 2012	past due		past due		past due		past due		Current		Loans		and accruing
	(In thousands)
Originated loans:
Commercial	$	21,202	$	9,456	$	64,986	$	95,644	$	4,370,092	$	4,465,736	$	4,019
Residential mortgages		118		2,175		9,120		11,413		746,058		757,471		—
Consumer		5,338		1,333		5,014		11,685		1,346,302		1,357,987		2,404
Total	$	26,658	$	12,964	$	79,120	$	118,742	$	6,462,452	$	6,581,194	$	6,423
Acquired loans:
Commercial	$	18,413	$	6,226	$	8,694	$	33,333	$	3,511,676	$	3,545,009	$	1,435
Residential mortgages		2,930		2,346		6,439		11,715		520,836		532,551		1,020
Consumer		625		293		1,939		2,857		217,105		219,962		28
Total	$	21,968	$	8,865	$	17,072	$	47,905	$	4,249,617	$	4,297,522	$	2,483
Covered loans:
Commercial	$	—	$	—	$	5,028	$	5,028	$	171,696	$	176,724	$	—
Residential mortgages		—		—		393		393		271,225		271,618		—
Consumer		—		—		—		—		107,390		107,390		—
Total	$	—	$	—	$	5,421	$	5,421	$	550,311	$	555,732	$	—
Total loans:
Commercial	$	39,615	$	15,682	$	78,708	$	134,005	$	8,053,464	$	8,187,469	$	5,454
Residential mortgages		3,048		4,521		15,952		23,521		1,538,119		1,561,640		1,020
Consumer		5,963		1,626		6,953		14,542		1,670,797		1,685,339		2,432
Total	$	48,626	$	21,829	$	101,613	$	172,068	$	11,262,380	$	11,434,448	$	8,906
													Recorded
					Greater than								investment
	30-59 days		60-89 days		90 days		Total				Total		> 90 days
December 31, 2011	past due		past due		past due		past due		Current		Loans		and accruing
	(In thousands)
Originated loans:
Commercial	$	23,996	$	943	$	58,867	$	83,806	$	3,242,166	$	3,325,972	$	3,821
Residential mortgages		17,884		4,364		25,400		47,648		439,499		487,147		994
Consumer		1,803		2,481		3,911		8,195		1,066,416		1,074,611		56
Total	$	43,683	$	7,788	$	88,178	$	139,649	$	4,748,081	$	4,887,730	$	4,871
Acquired loans:
Commercial	$	—	$	—	$	—	$	—	$	4,496,644	$	4,496,644	$	—
Residential mortgages		—		—		—		—		734,669		734,669		—
Consumer		1,698		430		2,126		4,254		382,286		386,540		1,009
Total	$	1,698	$	430	$	2,126	$	4,254	$	5,613,599	$	5,617,853	$	1,009
Covered loans:
Commercial	$	—	$	—	$	18,209	$	18,209	$	221,333	$	239,542	$	—
Residential mortgages		—		—		637		637		285,045		285,682		—
Consumer		—		—		—		—		146,219		146,219		—
Total	$	—	$	—	$	18,846	$	18,846	$	652,597	$	671,443	$	—
Total loans:
Commercial	$	23,996	$	943	$	77,076	$	102,015	$	7,960,143	$	8,062,158	$	3,821
Residential mortgages		17,884		4,364		26,037		48,285		1,459,213		1,507,498		994
Consumer		3,501		2,911		6,037		12,449		1,594,921		1,607,370		1,065
Total	$	45,381	$	8,218	$	109,150	$	162,749	$	11,014,277	$	11,177,026	$	5,880

Schedule of Credit Quality Indicators of Various Classes of Loans

Credit Risk Profile by Internally Assigned Grade

	September 30, 2012								December 31, 2011
	Commercial -		Commercial -		Commercial -		Total		Commercial -		Commercial -		Commercial -		Total
	originated		acquired		covered		commercial		originated		acquired		covered		commercial
	(In thousands)								(In thousands)
Grade:
Pass	$	4,027,383	$	3,239,019	$	31,170	$	7,297,572	$	3,019,100	$	3,974,463	$	16,843	$	7,010,406
Pass-Watch		85,989		76,231		20,285		182,505		76,393		60,042		13,606		150,041
Special Mention		79,617		42,967		6,720		129,304		35,155		125,852		9,368		170,375
Substandard		272,267		186,541		55,677		514,485		194,900		334,357		124,371		653,628
Doubtful		480		251		62,865		63,596		424		1,930		75,242		77,596
Loss		—		—		7		7		—		—		112		112
Total	$	4,465,736	$	3,545,009	$	176,724	$	8,187,469	$	3,325,972	$	4,496,644	$	239,542	$	8,062,158

Schedule of Credit Risk Profile by Internally Assigned Grade

Credit Risk Profile by Internally Assigned Grade
	September 30, 2012								December 31, 2011
	Residential		Residential		Residential		Total		Residential		Residential		Residential		Total
	mortgages -		mortgages -		mortgages -		residential		mortgages -		mortgages -		mortgages -		residential
	originated		acquired		covered		mortgages		originated		acquired		covered		mortgages
	(In thousands)								(In thousands)
Grade:
Pass	$	730,385	$	491,450	$	128,240	$	1,350,075	$	460,261	$	673,751	$	120,180	$	1,254,192
Pass-Watch		3,422		3,686		15,000		22,108		7,499		1,773		18,133		27,405
Special Mention		784		5,879		3,050		9,713		542		9,686		3,286		13,514
Substandard		22,880		31,480		107,184		161,544		18,845		48,581		139,643		207,069
Doubtful		—		56		18,144		18,200		—		878		4,440		5,318
Loss		—		—		—		—		—		—		—		—
Total	$	757,471	$	532,551	$	271,618	$	1,561,640	$	487,147	$	734,669	$	285,682	$	1,507,498

Credit Risk Profile Based on Payment Activity

Credit Risk Profile Based on Payment Activity
	September 30, 2012								December 31, 2011
	Consumer -		Consumer -		Consumer -		Total		Consumer -		Consumer -		Consumer -		Total
	originated		acquired		covered		Consumer		originated		acquired		covered		Consumer
	(In thousands)								(In thousands)
Performing	$	1,353,399	$	217,482	$	107,390	$	1,678,271	$	1,070,756	$	385,423	$	146,219	$	1,602,398
Nonperforming		4,588		2,480		—		7,068		3,855		1,117		—		4,972
Total	$	1,357,987	$	219,962	$	107,390	$	1,685,339	$	1,074,611	$	386,540	$	146,219	$	1,607,370

Changes in Carrying Amount of Covered Acquired Loans and Accretable Yield for Loans Receivable

Changes in the carrying amount of acquired impaired loans and accretable yield are presented in the following table for the nine months ended September 30, 2012 and the year ended December 31, 2011:

	September 30, 2012												December 31, 2011
	Covered						Non-covered						Covered						Non-covered
	Carrying						Carrying						Carrying						Carrying
	Amount			Accretable			Amount			Accretable			Amount			Accretable			Amount			Accretable
	of Loans			Yield			of Loans			Yield			of Loans			Yield			of Loans			Yield
(In thousands)
Balance at beginning of period	$	671,443		$	153,137		$	339,452		$	130,691		$	809,459		$	107,638		$	—		$	—
Additions		—			—			—			—			—			—			535,489			132,136
Payments received, net		(150,344	)		—			(181,287	)		—			(193,432	)		—			(206,306	)		—
Accretion		34,633			(34,633	)		38,826			(38,826	)		55,416			(55,416	)		10,269			(22,719	)
Decrease in expected cash flows based on actual cash flow and changes in cash flow assumptions		—			(9,807	)		—			(6,180	)		—			(18,930	)		—			(26,630	)
Net transfers from nonaccretable difference to accretable yield		—			18,967			—			95,308			—			119,845			—			47,904
Balance at end of period	$	555,732		$	127,664		$	196,991		$	180,993		$	671,443		$	153,137		$	339,452		$	130,691

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Loans and Allowance for Loan Losses - Summary of Impaired Loans Disaggregated by Class (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	$ 92,023	$ 62,300
Unpaid Principal Balance	135,902	88,585
Related Allowance	8,602	7,567
Average Recorded Investment	75,584	86,178
Interest Income Recognized	741	678
With no related allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	43,514	29,633
Unpaid Principal Balance	71,970	49,494
Average Recorded Investment	20,524	21,395
Interest Income Recognized	422	417
With an allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	48,509	32,667
Unpaid Principal Balance	63,932	39,091
Related Allowance	8,602	7,567
Average Recorded Investment	55,060	64,783
Interest Income Recognized	319	261
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	85,861	43,454
Unpaid Principal Balance	122,033	65,420
Related Allowance	8,602	7,539
Average Recorded Investment	65,444	52,045
Interest Income Recognized	741	678
Originated loans [Member] | With no related allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	43,514	11,330
Unpaid Principal Balance	71,970	26,892
Average Recorded Investment	20,524	15,079
Interest Income Recognized	422	417
Originated loans [Member] | With an allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	42,347	32,124
Unpaid Principal Balance	50,063	38,528
Related Allowance	8,602	7,539
Average Recorded Investment	44,920	36,966
Interest Income Recognized	319	261
Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	6,162	18,846
Unpaid Principal Balance	13,869	23,165
Related Allowance		28
Average Recorded Investment	10,140	34,133
Covered loans [Member] | With no related allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		18,303
Unpaid Principal Balance		22,602
Average Recorded Investment		6,316
Covered loans [Member] | With an allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	6,162	543
Unpaid Principal Balance	13,869	563
Related Allowance		28
Average Recorded Investment	10,140	27,817
Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	84,106	56,420
Unpaid Principal Balance	123,043	80,195
Related Allowance	8,469	6,997
Average Recorded Investment	66,573	78,185
Interest Income Recognized	592	613
Commercial loans [Member] | With no related allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	36,994	28,051
Unpaid Principal Balance	61,108	46,692
Average Recorded Investment	17,661	18,461
Interest Income Recognized	273	359
Commercial loans [Member] | With an allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	47,112	28,369
Unpaid Principal Balance	61,935	33,503
Related Allowance	8,469	6,997
Average Recorded Investment	48,912	59,724
Interest Income Recognized	319	254
Commercial loans [Member] | Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	78,337	38,211
Unpaid Principal Balance	109,961	58,103
Related Allowance	8,469	6,988
Average Recorded Investment	56,939	45,951
Interest Income Recognized	592	613
Commercial loans [Member] | Originated loans [Member] | With no related allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	36,994	10,177
Unpaid Principal Balance	61,108	24,935
Average Recorded Investment	17,661	13,992
Interest Income Recognized	273	359
Commercial loans [Member] | Originated loans [Member] | With an allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	41,343	28,034
Unpaid Principal Balance	48,853	33,168
Related Allowance	8,469	6,988
Average Recorded Investment	39,278	31,959
Interest Income Recognized	319	254
Commercial loans [Member] | Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	5,769	18,209
Unpaid Principal Balance	13,082	22,092
Related Allowance		9
Average Recorded Investment	9,634	32,234
Commercial loans [Member] | Covered loans [Member] | With no related allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		17,874
Unpaid Principal Balance		21,757
Average Recorded Investment		4,469
Commercial loans [Member] | Covered loans [Member] | With an allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	5,769	335
Unpaid Principal Balance	13,082	335
Related Allowance		9
Average Recorded Investment	9,634	27,765
Residential mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	7,917	5,880
Unpaid Principal Balance	12,859	8,390
Related Allowance	133	570
Average Recorded Investment	9,011	7,993
Interest Income Recognized	149	65
Residential mortgage loans [Member] | With no related allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	6,520	1,582
Unpaid Principal Balance	10,862	2,802
Average Recorded Investment	2,863	2,934
Interest Income Recognized	149	58
Residential mortgage loans [Member] | With an allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	1,397	4,298
Unpaid Principal Balance	1,997	5,588
Related Allowance	133	570
Average Recorded Investment	6,148	5,059
Interest Income Recognized		7
Residential mortgage loans [Member] | Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	7,524	5,243
Unpaid Principal Balance	12,072	7,317
Related Allowance	133	551
Average Recorded Investment	8,505	6,094
Interest Income Recognized	149	65
Residential mortgage loans [Member] | Originated loans [Member] | With no related allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	6,520	1,153
Unpaid Principal Balance	10,862	1,957
Average Recorded Investment	2,863	1,087
Interest Income Recognized	149	58
Residential mortgage loans [Member] | Originated loans [Member] | With an allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	1,004	4,090
Unpaid Principal Balance	1,210	5,360
Related Allowance	133	551
Average Recorded Investment	5,642	5,007
Interest Income Recognized		7
Residential mortgage loans [Member] | Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	393	637
Unpaid Principal Balance	787	1,073
Related Allowance		19
Average Recorded Investment	506	1,899
Residential mortgage loans [Member] | Covered loans [Member] | With no related allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment		429
Unpaid Principal Balance		845
Average Recorded Investment		1,847
Residential mortgage loans [Member] | Covered loans [Member] | With an allowance recorded [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	393	208
Unpaid Principal Balance	787	228
Related Allowance		19
Average Recorded Investment	$ 506	$ 52

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Securities - Amortized Cost and Fair Value of Held to Maturity Securities by Contractual Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012
Securities Held to Maturity, Due in one year or less, Amortized Cost	$ 16,868
Securities Held to Maturity, Due after one year through five years, Amortized Cost	428,653
Securities Held to Maturity, Due after five years through ten years, Amortized Cost	101,657
Securities Held to Maturity, Due after ten years, Amortized Cost	1,297,304
Total Held to Maturity securities, Amortized Cost	1,844,482
Securities Held to Maturity, Due in one year or less, Fair Value	16,996
Securities Held to Maturity, Due after one year through five years, Fair Value	436,073
Securities Held to Maturity, Due after five years through ten years, Fair Value	111,686
Securities Held to Maturity, Due after ten years, Fair Value	1,324,381
Total Held to Maturity Securities, Fair Value	$ 1,889,136

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Fair Value - Schedule of Estimated Fair Values of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	$ 2,208,789	$ 4,496,900
Held to maturity securities	1,889,136
Loans, net	11,298,857	11,052,145
Loans held for sale	51,097	72,378
Deposits	14,772,951	15,713,579
Long-term debt	308,327	353,890
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash, interest-bearing bank deposits, and federal funds sold	734,680	1,622,366
Available for sale securities	27,441	260,814
Accrued interest receivable	47,607	53,973
Federal funds purchased	29,521	16,819
Securities sold under agreements to repurchase	719,113	1,027,635
Accrued interest payable	6,526	8,284
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale securities	2,181,348	4,236,086
Held to maturity securities	1,889,136
Loans, net	77,259	55,252
Loans held for sale	50,389	72,378
Derivative financial instruments	21,198	14,952
Long-term debt	333,371	365,421
Derivative financial instruments	22,423	15,643
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans, net	11,484,291	11,134,410
Deposits	14,789,902	15,737,667
Total Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash, interest-bearing bank deposits, and federal funds sold	734,680	1,622,366
Available for sale securities	2,208,789	4,496,900
Held to maturity securities	1,889,136
Loans, net	11,561,550	11,189,662
Loans held for sale	50,389	72,378
Accrued interest receivable	47,607	53,973
Derivative financial instruments	21,198	14,952
Deposits	14,789,902	15,737,667
Federal funds purchased	29,521	16,819
Securities sold under agreements to repurchase	719,113	1,027,635
Long-term debt	333,371	365,421
Accrued interest payable	6,526	8,284
Derivative financial instruments	22,423	15,643
Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash, interest-bearing bank deposits, and federal funds sold	734,680	1,622,366
Available for sale securities	2,208,789	4,496,900
Held to maturity securities	1,844,482
Loans, net	11,298,857	11,052,144
Loans held for sale	50,389	72,378
Accrued interest receivable	47,607	53,973
Derivative financial instruments	21,198	14,952
Deposits	14,772,951	15,713,579
Federal funds purchased	29,521	16,819
Securities sold under agreements to repurchase	719,113	1,027,635
Long-term debt	308,327	353,890
Accrued interest payable	6,526	8,284
Derivative financial instruments	$ 22,423	$ 15,643

XML

Loans and Allowance for Loan Losses - Schedule of Credit Quality Indicators of Various Classes of Loans (Detail) (Commercial loans [Member], USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Grade:
Commercial credit risk profile by internally assigned grade	$ 8,187,469	$ 8,062,158
Originated loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	4,465,736	3,325,972
Acquired loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	3,545,009	4,496,644
Covered loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	176,724	239,542
Pass [Member]
Grade:
Commercial credit risk profile by internally assigned grade	7,297,572	7,010,406
Pass [Member] | Originated loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	4,027,383	3,019,100
Pass [Member] | Acquired loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	3,239,019	3,974,463
Pass [Member] | Covered loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	31,170	16,843
Pass-Watch [Member]
Grade:
Commercial credit risk profile by internally assigned grade	182,505	150,041
Pass-Watch [Member] | Originated loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	85,989	76,393
Pass-Watch [Member] | Acquired loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	76,231	60,042
Pass-Watch [Member] | Covered loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	20,285	13,606
Special Mention [Member]
Grade:
Commercial credit risk profile by internally assigned grade	129,304	170,375
Special Mention [Member] | Originated loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	79,617	35,155
Special Mention [Member] | Acquired loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	42,967	125,852
Special Mention [Member] | Covered loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	6,720	9,368
Substandard [Member]
Grade:
Commercial credit risk profile by internally assigned grade	514,485	653,628
Substandard [Member] | Originated loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	272,267	194,900
Substandard [Member] | Acquired loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	186,541	334,357
Substandard [Member] | Covered loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	55,677	124,371
Doubtful [Member]
Grade:
Commercial credit risk profile by internally assigned grade	63,596	77,596
Doubtful [Member] | Originated loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	480	424
Doubtful [Member] | Acquired loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	251	1,930
Doubtful [Member] | Covered loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	62,865	75,242
Loss [Member]
Grade:
Commercial credit risk profile by internally assigned grade	7	112
Loss [Member] | Covered loans [Member]
Grade:
Commercial credit risk profile by internally assigned grade	$ 7	$ 112

XML

Segment Reporting - Schedule of Segment Reporting Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Segment Reporting Information [Line Items]
Interest income	$ 189,205	$ 197,695	$ 571,410	$ 395,705
Interest expense	(11,949)	(20,653)	(40,407)	(52,840)
Net interest income	177,256	177,042	531,003	342,865
Provision for loan losses	(8,101)	(9,256)	(26,141)	(27,221)
Noninterest income	62,842	64,937	187,888	145,834
Depreciation and amortization	(8,067)	(6,383)	(25,229)	(13,738)
Other noninterest expense	(161,647)	(187,636)	(529,920)	(374,666)
Securities transactions	917	16	929	(71)
Income before income taxes	63,200	38,720	138,530	73,003
Income tax expense	16,216	8,342	33,747	15,210
Net income	46,984	30,378	104,783	57,793
Goodwill	628,877	629,688	628,877	629,688
Total assets	18,524,130	19,415,689	18,524,130	19,415,689	19,774,096
Total interest income from external customers	189,205	197,695	571,410	395,705
Hancock [Member]
Segment Reporting Information [Line Items]
Interest income	73,558	49,925	201,525	146,915
Interest expense	(5,402)	(9,230)	(17,587)	(31,262)
Net interest income	68,156	40,695	183,938	115,653
Provision for loan losses	(4,814)	(2,651)	(7,313)	(13,615)
Noninterest income	20,205	22,425	59,644	66,506
Depreciation and amortization	(3,830)	(2,062)	(10,884)	(6,572)
Other noninterest expense	(59,821)	(47,933)	(174,796)	(132,716)
Securities transactions	94		98	(51)
Income before income taxes	19,989	10,474	50,687	29,205
Income tax expense	5,433	2,220	11,808	4,790
Net income	14,556	8,254	38,879	24,415
Goodwill	94,130	23,386	94,130	23,386
Total assets	6,390,378	4,949,379	6,390,378	4,949,379
Total interest income from affiliates	1,010	1,080	3,033	3,347
Total interest income from external customers	72,548	48,845	198,492	143,568
Whitney [Member]
Segment Reporting Information [Line Items]
Interest income	110,917	144,049	355,776	237,907
Interest expense	(5,669)	(10,593)	(19,915)	(20,661)
Net interest income	105,248	133,456	335,861	217,246
Provision for loan losses	(2,353)	(6,278)	(18,696)	(11,981)
Noninterest income	31,938	37,471	98,122	65,356
Depreciation and amortization	(3,981)	(4,144)	(13,596)	(6,634)
Other noninterest expense	(90,087)	(133,643)	(320,985)	(223,755)
Securities transactions	823		824	20
Income before income taxes	41,588	26,862	81,530	40,252
Income tax expense	10,130	5,285	18,938	8,737
Net income	31,458	21,577	62,592	31,515
Goodwill	530,265	601,820	530,265	601,820
Total assets	12,343,043	14,121,103	12,343,043	14,121,103
Total interest income from affiliates	328	250	697	454
Total interest income from external customers	110,589	143,799	355,079	237,453
Other [Member]
Segment Reporting Information [Line Items]
Interest income	6,068	5,051	17,839	14,684
Interest expense	(2,100)	(2,044)	(6,290)	(4,372)
Net interest income	3,968	3,007	11,549	10,312
Provision for loan losses	(934)	(327)	(132)	(1,625)
Noninterest income	10,722	5,048	30,149	13,998
Depreciation and amortization	(256)	(177)	(749)	(532)
Other noninterest expense	(11,761)	(6,083)	(34,166)	(18,268)
Securities transactions		16	7	(40)
Income before income taxes	1,739	1,484	6,658	3,845
Income tax expense	653	837	3,001	1,683
Net income	1,086	647	3,657	2,162
Goodwill	4,482	4,482	4,482	4,482
Total assets	2,737,061	2,915,127	2,737,061	2,915,127
Total interest income from external customers	6,068	5,051	17,839	14,684
Eliminations [Member]
Segment Reporting Information [Line Items]
Interest income	(1,338)	(1,330)	(3,730)	(3,801)
Interest expense	1,222	1,214	3,385	3,455
Net interest income	(116)	(116)	(345)	(346)
Noninterest income	(23)	(7)	(27)	(26)
Other noninterest expense	22	23	27	73
Income before income taxes	(117)	(100)	(345)	(299)
Net income	(117)	(100)	(345)	(299)
Total assets	(2,946,352)	(2,569,920)	(2,946,352)	(2,569,920)
Total interest income from affiliates	$ (1,338)	$ (1,330)	$ (3,730)	$ (3,801)

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Share-Based Payment Arrangements - Stock Options Valuation Assumption (Detail)	9 Months Ended
	Sep. 30, 2012
Share Based Payment Award Stock Options Valuation Assumptions [Line Items]
Expected volatility	38.64%
Dividend yield	3.23%
Expected term	6 years 6 months 29 days
Risk-free interest rate	1.78%

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Loans and Allowance for Loan Losses - Additional Information (Detail) (USD $)	9 Months Ended	12 Months Ended		9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2012 Restructured Commercial Loan [Member]	Sep. 30, 2012 FDIC [Member]	Sep. 30, 2011 FDIC [Member]	Sep. 30, 2012 Loans [Member]	Sep. 30, 2011 Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increase in allowance for losses related to impairment loans						$ 37,000,000	$ 33,400,000
Increase (decrease) in indemnification asset				34,400,000	31,800,000
Interest that would have been recognized on nonaccrual loans	5,800,000
Interest recovered on nonaccrual loans	1,400,000
Non-accrual loans	157,127,000	103,270,000	21,600,000
Troubled Debt restructuring	32,300,000	18,100,000
Commercial substandard understated		91,600,000
Accruing loans Period	90 days
Loans held for sale	51,097,000	72,378,000
Problem commercial loans held for sale	4,900,000
Mortgage loans held for loan	$ 46,200,000

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Basis of Presentation

9 Months Ended

Sep. 30, 2012

Basis of Presentation

1. Basis of Presentation

The consolidated financial statements include the accounts of Hancock Holding Company and all majority-owned subsidiaries (the “Company”). They include all adjustments that are, in the opinion of management, necessary to present fairly the Company’s financial condition, results of operations, changes in stockholders’ equity and cash flows for the interim periods presented. Some financial information and disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted in this Form 10-Q pursuant to Securities and Exchange Commission rules and regulations. These financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s 2011 Annual Report on Form 10-K. Financial information reported in these financial statements is not necessarily indicative of the Company’s financial condition, results of operations, or cash flows for any other interim or annual periods.

Use of Estimates

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and with general practices followed by the banking industry. These accounting principles require management to make estimates and assumptions about future events that affect the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ significantly from those estimates.

Critical Accounting Policies and Estimates

There have been no material changes or developments with respect to the assumptions or methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as disclosed in our Form 10-K for the year ended December 31, 2011.

Securities

Securities that the Company both positively intends and has the ability to hold to maturity are classified as securities held to maturity and are carried at amortized cost. The intent and ability to hold are not considered satisfied when a security is available to be sold in response to changes in interest rates, prepayment rates, liquidity needs or other reasons as part of an overall asset/liability management strategy. Premiums and discounts on securities, both those held to maturity and those available for sale, are amortized and accreted to income as an adjustment to the securities’ yields using the effective interest method. Realized gains and losses on securities, including declines in value judged to be other than temporary, are reported net as a component of noninterest income. The cost of securities sold is specifically identified for use in calculating realized gains and losses.

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Share-Based Payment Arrangements - Schedule of Nonvested Shares (Detail) (USD $)	9 Months Ended
	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Nonvested at Beginning Balance	1,460,776
Number of Shares, Granted	536,252
Number of Shares, Vested	(28,032)
Number of Shares, Forfeited	(91,204)
Number of Shares, Nonvested at Ending Balance	1,877,792
Weighted-Average Grant-Date Fair Value, Nonvested at Beginning Balance	$ 25.66
Weighted-Average Grant-Date Fair Value, Granted	$ 23.51
Weighted-Average Grant-Date Fair Value, Vested	$ 40.54
Weighted-Average Grant-Date Fair Value, Forfeited	$ 30.03
Weighted-Average Grant-Date Fair Value, Nonvested at Ending Balance	$ 24.62

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Securities - Available for Sale Securities Unrealized Losses (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Available for sale securities, Losses less than 12 months, Fair Value	$ 52,127	$ 530,697
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses	38	3,000
Available for sale securities, Losses 12 months or longer, Fair value	2,525	339
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses	20	6
Available for sale securities, Total, Fair value	54,652	531,036
Available for sale securities, Total, Gross Unrealized Losses	58	3,006
Municipal Obligation [Member]
Available for sale securities, Losses less than 12 months, Fair Value	545	18,854
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses	3	42
Available for sale securities, Losses 12 months or longer, Fair value	960
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses	1
Available for sale securities, Total, Fair value	1,505	18,854
Available for sale securities, Total, Gross Unrealized Losses	4	42
Mortgage-backed securities [Member]
Available for sale securities, Losses less than 12 months, Fair Value	1,587	212,900
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses	2	692
Available for sale securities, Losses 12 months or longer, Fair value	1,348	337
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses	9	4
Available for sale securities, Total, Fair value	2,935	213,237
Available for sale securities, Total, Gross Unrealized Losses	11	696
CMOs [Member]
Available for sale securities, Losses less than 12 months, Fair Value	49,995	296,860
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses	33	2,193
Available for sale securities, Total, Fair value	49,995	296,860
Available for sale securities, Total, Gross Unrealized Losses	33	2,193
Corporate debt securities [Member]
Available for sale securities, Losses less than 12 months, Fair Value		398
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses		34
Available for sale securities, Total, Fair value		398
Available for sale securities, Total, Gross Unrealized Losses		34
Equity securities [Member]
Available for sale securities, Losses less than 12 months, Fair Value		1,685
Available for sale securities, Losses Less than 12 months, Gross Unrealized Losses		39
Available for sale securities, Losses 12 months or longer, Fair value	217	2
Available for sale securities, Losses 12 months or longer, Gross Unrealized Losses	10	2
Available for sale securities, Total, Fair value	217	1,687
Available for sale securities, Total, Gross Unrealized Losses	$ 10	$ 41

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Retirement Plans (Tables)

9 Months Ended

Sep. 30, 2012

Whitney Plans [Member]

Components of Net Periodic Benefit Costs

Whitney Plans

	Pension Benefits										Other Post-
	Qualified						Nonqualified				retirement Benefits
	Three Months Ended September 30,
	2012			2011			2012		2011		2012		2011
	(In thousands)
Service cost	$	1,533		$	1,607		$	13	$	12	$	—	$	—
Interest cost		2,645			2,856			172		188		152		205
Expected return on plan assets		(4,249	)		(4,126	)		—		—		—		—
Amortization of prior service cost		—			—			—		—		—		—
Amortization of net loss		411			—			14		—		—		—
Amortization of transition obligation		—			—			—		—		—		—
Net periodic benefit cost	$	340		$	337		$	199	$	200	$	152	$	205
	Pension Benefits										Other Post-
	Qualified						Nonqualified				retirement Benefits
	Nine Months Ended September 30,
	2012			2011			2012		2011		2012		2011
	(In thousands)
Service cost	$	4,597		$	2,144		$	37	$	16	$	—	$	—
Interest cost		7,937			3,808			516		250		456		274
Expected return on plan assets		(12,747	)		(5,502	)		—		—		—		—
Amortization of prior service cost		—			—			—		—		—		—
Amortization of net loss		1,234			—			42		—		—		—
Amortization of transition obligation		—			—			—		—		—		—
Net periodic benefit cost	$	1,021		$	450		$	595	$	266	$	456	$	274

Hancock Plans [Member]

Components of Net Periodic Benefit Costs

The following tables show the components of net periodic benefits cost included in expense for both the Hancock and Whitney Plans for the three-month and nine-month periods of 2012 and 2011. The Whitney plans reflect amounts from the date of the merger in June 2011.

Hancock Plans

	Pension Benefits						Other Post- retirement  Benefits
	Three Months Ended September 30,
	2012			2011			2012			2011
	(In thousands)
Service cost	$	1,703		$	1,173		$	48		$	34
Interest cost		1,484			1,363			209			153
Expected return on plan assets		(2,101	)		(1,372	)		—			—
Amortization of prior service cost		—			—			(13	)		(13	)
Amortization of net loss		1,220			585			176			135
Amortization of transition obligation		—			—			1			1
Net periodic benefit cost	$	2,306		$	1,749		$	421		$	310
	Pension Benefits						Other Post- retirement  Benefits
	Nine Months Ended September 30,
	2012			2011			2012			2011
	(In thousands)
Service cost	$	5,109		$	3,517		$	144		$	103
Interest cost		4,451			4,089			627			458
Expected return on plan assets		(6,302	)		(4,117	)		—			—
Amortization of prior service cost		—			—			(41	)		(40	)
Amortization of net loss		3,660			1,757			530			404
Amortization of transition obligation		—			—			4			4
Net periodic benefit cost	$	6,918		$	5,246		$	1,264		$	929

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Share-Based Payment Arrangements (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Option Activity Under Stock Option Plans

A summary of option activity for the nine months ended September 30, 2012 is presented below:

Options	Number of Shares			Weighted- Average Exercise Price ($)		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value ($000)
Outstanding at January 1, 2012		1,686,907		$	41.05
Granted		152,140			29.73
Exercised		(41,099	)		22.33
Forfeited or expired		(199,299	)		57.67
Outstanding at September 30, 2012		1,598,649		$	38.38		5.4	$	977
Exercisable at September 30, 2012		955,215		$	42.29		3.4	$	584

Stock Options, Valuation Assumption

Treasury yield curve in effect at the time of the grant.

Expected volatility	38.64	%
Dividend yield	3.23	%
Expected term	6.58 years
Risk-free interest rate	1.78	%

Schedule of Nonvested Shares

A summary of the status of the Company’s nonvested restricted share awards as of September 30, 2012, and changes during the nine months ended September 30, 2012, is presented below. These restricted shares are subject to service requirements.

	Number of Shares			Weighted- Average Grant-Date Fair Value ($)
Nonvested at January 1, 2012		1,460,776		$	25.66
Granted		536,252			23.51
Vested		(28,032	)		40.54
Forfeited		(91,204	)		30.03
Nonvested at September 30, 2012		1,877,792		$	24.62

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Derivatives - Fair Values of Derivative Instruments on Balance Sheet (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Derivatives designated as hedging instruments [Member] | Other liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives hedging instruments, Fair Value, Gross Liability	$ 437	$ 107
Derivatives designated as hedging instruments [Member] | Other liabilities [Member] | Interest rate contracts [Member]
Derivatives, Fair Value [Line Items]
Derivatives hedging instruments, Fair Value, Gross Liability	437	107
Derivatives not designated as hedging instruments [Member] | Other assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives hedging instruments, Fair Value, Gross Assets	21,198	14,952
Derivatives not designated as hedging instruments [Member] | Other assets [Member] | Interest rate contracts [Member]
Derivatives, Fair Value [Line Items]
Derivatives hedging instruments, Fair Value, Gross Assets	21,198	14,952
Derivatives not designated as hedging instruments [Member] | Other liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives hedging instruments, Fair Value, Gross Liability	21,986	15,536
Derivatives not designated as hedging instruments [Member] | Other liabilities [Member] | Interest rate contracts [Member]
Derivatives, Fair Value [Line Items]
Derivatives hedging instruments, Fair Value, Gross Liability	$ 21,986	$ 15,536

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Securities - Held to Maturity with Unrealized Losses (Detail) (USD $)	Sep. 30, 2012
Held to maturity securities, Losses less than 12 months, Fair Value	$ 310,442
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses	752
Held to maturity securities, Losses 12 months or longer, Fair value	74,499
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses	959
Held to maturity securities, Total, Fair value	384,941
Held to maturity securities, Total, Gross Unrealized Losses	1,711
Municipal obligations [Member]
Held to maturity securities, Losses less than 12 months, Fair Value	1,862
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses	5
Held to maturity securities, Total, Fair value	1,862
Held to maturity securities, Total, Gross Unrealized Losses	5
Mortgage-backed securities [Member]
Held to maturity securities, Losses less than 12 months, Fair Value	308,580
Held to maturity securities, Losses Less than 12 months, Gross Unrealized Losses	747
Held to maturity securities, Losses 12 months or longer, Fair value	74,499
Held to maturity securities, Losses 12 months or longer, Gross Unrealized Losses	959
Held to maturity securities, Total, Fair value	383,079
Held to maturity securities, Total, Gross Unrealized Losses	$ 1,706

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Other Noninterest Income (Tables)

9 Months Ended

Sep. 30, 2012

Components of Other Income

Components of other noninterest income are as follows:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012		2011			2012		2011
	(In thousands)
Income from bank owned life insurance	$	2,774	$	3,108		$	8,452	$	6,271
Safety deposit box income		502		541			1,524		1,077
Credit related fees		1,545		2,261			5,130		3,573
Income from derivatives		455		101			2,091		95
Gain/(loss) on sale of assets		1,991		(64	)		2,195		544
Other miscellaneous		2,503		2,219			6,709		4,611
Total other noninterest income	$	9,770	$	8,166		$	26,101	$	16,171

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Other Noninterest Expense (Tables)

9 Months Ended

Sep. 30, 2012

Components of Other Noninterest Expense

Components of other noninterest expense are as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(In thousands)
Insurance expense	$	1,207	$	1,724	$	4,428	$	2,878
Ad valorem and franchise taxes		2,185		1,768		6,608		4,362
Printing and supplies		1,488		1,846		6,162		3,931
Public relations and contributions		1,065		1,067		4,827		2,291
Travel expense		1,282		1,183		4,464		2,248
Other real estate owned expense, net		4,590		3,528		11,630		6,829
Tax credit investment amortization		1,513		1,513		4,538		1,728
Other miscellaneous		4,488		11,829		19,311		18,466
Total other noninterest expense	$	17,818	$	24,458	$	61,968	$	42,733

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 104,783	$ 57,793
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	25,228	15,730
Provision for loan losses	26,141	27,221
Losses on other real estate owned	17,901	1,586
Deferred tax provision	35,557	37,574
Increase in cash surrender value of life insurance contracts	(12,759)	(8,694)
(Gain) loss on sales of securities available for sale, net	(929)	71
Gain on disposal of other assets	(921)	(597)
Net decrease in loans originated for sale	21,989	6,479
Net amortization of securities premium/discount	38,241	14,400
Amortization of intangible assets	24,390	9,332
Stock-based compensation expense	7,718	4,738
Decrease in interest payable and other liabilities	(30,059)	(19,426)
Decrease in FDIC indemnification asset	28,440	106,601
Decrease in other assets	34,322	23,892
Other, net	(292)	53
Net cash provided by operating activities	319,750	276,753
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities available for sale	37,661	323,569
Proceeds from maturities of securities available for sale	880,438	586,923
Purchases of securities available for sale	(208,775)	(1,242,599)
Proceeds from maturities of securities held to maturity	263,357
Purchases of investment securities held to maturity	(560,435)
Net decrease in interest-bearing bank deposits	865,590	194,753
Net (increase) decrease in federal funds sold and short term investments	(1,228)	271,423
Net (increase) decrease in loans	(324,495)	225,544
Purchases of property, equipment and intangible assets	(34,815)	(62,010)
Proceeds from sales of property and equipment	5,403	9,290
Proceeds from life contracts	516
Cash paid for acquisition, net of cash received		(74,736)
Proceeds from sales of other real estate	76,427	52,994
Net cash paid for divestiture of branches		(114,645)
Net cash provided by investing activities	999,644	170,506
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in deposits	(940,629)	(486,114)
Net decrease in short-term borrowings	(295,820)	(28,067)
Repayments of long-term debt	(52,065)	(6,186)
Issuance of long term debt	6,502	142,461
Dividends paid	(61,916)	(50,051)
Proceeds from exercise of stock options	1,210	710
Proceeds from stock offering		213,994
Net cash used in financing activities	(1,342,718)	(213,253)
NET (DECREASE) INCREASE IN CASH AND DUE FROM BANKS	(23,324)	234,006
CASH AND DUE FROM BANKS, BEGINNING	437,947	139,687
CASH AND DUE FROM BANKS, ENDING	414,623	373,693
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES
Assets acquired in settlement of loans	63,917	57,402
Transfers from available for sale securities to held to maturity securities	1,523,585
Fair value of assets acquired		11,235,000
Liabilities assumed		(10,133,000)
Net identifiable assets acquired		$ 1,102,000

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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Segment Reporting Information

In the following tables, the “Other” column includes activities of other consolidated subsidiaries which do not constitute reportable segments under the quantitative and aggregation accounting guidelines. These subsidiaries provide investment services, insurance agency services, insurance underwriting and various other services to third parties.

	Three Months Ended September 30, 2012
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	73,558		$	110,917		$	6,068		$	(1,338	)	$	189,205
Interest expense		(5,402	)		(5,669	)		(2,100	)		1,222		$	(11,949	)
Net interest income		68,156			105,248			3,968			(116	)		177,256
Provision for loan losses		(4,814	)		(2,353	)		(934	)		—			(8,101	)
Noninterest income		20,205			31,938			10,722			(23	)		62,842
Depreciation and amortization		(3,830	)		(3,981	)		(256	)		—			(8,067	)
Other noninterest expense		(59,821	)		(90,087	)		(11,761	)		22			(161,647	)
Securities transactions		94			823			—			—			917
Income before income taxes		19,989			41,588			1,739			(117	)		63,200
Income tax expense		5,433			10,130			653			—			16,216
Net income	$	14,556		$	31,458		$	1,086		$	(117	)	$	46,984
Goodwill	$	94,130		$	530,265		$	4,482		$	—		$	628,877
Total assets	$	6,390,378		$	12,343,043		$	2,737,061		$	(2,946,352	)	$	18,524,130
Total interest income from affiliates	$	1,010		$	328		$	—		$	(1,338	)	$	—
Total interest income from external customers	$	72,548		$	110,589		$	6,068		$	—		$	189,205
	Three Months Ended September 30, 2011
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	49,925		$	144,049		$	5,051		$	(1,330	)	$	197,695
Interest expense		(9,230	)		(10,593	)		(2,044	)		1,214		$	(20,653	)
Net interest income		40,695			133,456			3,007			(116	)		177,042
Provision for loan losses		(2,651	)		(6,278	)		(327	)		—			(9,256	)
Noninterest income		22,425			37,471			5,048			(7	)		64,937
Depreciation and amortization		(2,062	)		(4,144	)		(177	)		—			(6,383	)
Other noninterest expense		(47,933	)		(133,643	)		(6,083	)		23			(187,636	)
Securitites transactions		—			—			16			—			16
Income before income taxes		10,474			26,862			1,484			(100	)		38,720
Income tax expense		2,220			5,285			837			—			8,342
Net income	$	8,254		$	21,577		$	647		$	(100	)	$	30,378
Goodwill	$	23,386		$	601,820		$	4,482		$	—		$	629,688
Total assets	$	4,949,379		$	14,121,103		$	2,915,127		$	(2,569,920	)	$	19,415,689
Total interest income from affiliates	$	1,080		$	250		$	—		$	(1,330	)	$	—
Total interest income from external customers	$	48,845		$	143,799		$	5,051		$	—		$	197,695

				Nine Months Ended September 30, 2012
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	201,525		$	355,776		$	17,839		$	(3,730	)	$	571,410
Interest expense		(17,587	)		(19,915	)		(6,290	)		3,385			(40,407	)
Net interest income		183,938			335,861			11,549			(345	)		531,003
Provision for loan losses		(7,313	)		(18,696	)		(132	)		—			(26,141	)
Noninterest income		59,644			98,122			30,149			(27	)		187,888
Depreciation and amortization		(10,884	)		(13,596	)		(749	)		—			(25,229	)
Other noninterest expense		(174,796	)		(320,985	)		(34,166	)		27			(529,920	)
Securities transactions		98			824			7			—			929
Income before income taxes		50,687			81,530			6,658			(345	)		138,530
Income tax expense		11,808			18,938			3,001			—			33,747
Net income	$	38,879		$	62,592		$	3,657		$	(345	)	$	104,783
Goodwill	$	94,130		$	530,265		$	4,482		$	—		$	628,877
Total assets	$	6,390,378		$	12,343,043		$	2,737,061		$	(2,946,352	)	$	18,524,130
Total interest income from affiliates	$	3,033		$	697		$	—		$	(3,730	)	$	—
Total interest income from external customers	$	198,492		$	355,079		$	17,839		$	—		$	571,410
				Nine Months Ended September 30, 2011
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	146,915		$	237,907		$	14,684		$	(3,801	)	$	395,705
Interest expense		(31,262	)		(20,661	)		(4,372	)		3,455			(52,840	)
Net interest income		115,653			217,246			10,312			(346	)		342,865
Provision for loan losses		(13,615	)		(11,981	)		(1,625	)		—			(27,221	)
Noninterest income		66,506			65,356			13,998			(26	)		145,834
Depreciation and amortization		(6,572	)		(6,634	)		(532	)		—			(13,738	)
Other noninterest expense		(132,716	)		(223,755	)		(18,268	)		73			(374,666	)
Securities transactions		(51	)		20			(40	)		—			(71	)
Income before income taxes		29,205			40,252			3,845			(299	)		73,003
Income tax expense		4,790			8,737			1,683			—			15,210
Net income	$	24,415		$	31,515		$	2,162		$	(299	)	$	57,793
Goodwill	$	23,386		$	601,820		$	4,482		$	—		$	629,688
Total assets	$	4,949,379		$	14,121,103		$	2,915,127		$	(2,569,920	)	$	19,415,689
Total interest income from affiliates	$	3,347		$	454		$	—		$	(3,801	)	$	—
Total interest income from external customers	$	143,568		$	237,453		$	14,684		$	—		$	395,705

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Securities - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2012	Sep. 30, 2012	Dec. 31, 2011
Available for sale securities reclassified to held to maturity securities	$ 1,500,000,000
Unrealized net holding gain on the available for sale securities on the date of transfer	39,000,000
Securities pledged to secure public deposits and securities sold under agreements to repurchase		$ 2,400,000,000	$ 3,000,000,000

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Loans and Allowance for Loan Losses - Schedule of Credit Risk Profile by Internally Assigned Grade (Detail) (Residential mortgage loans [Member], USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	$ 1,561,640	$ 1,507,498
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	757,471	487,147
Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	532,551	734,669
Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	271,618	285,682
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	1,350,075	1,254,192
Pass [Member] | Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	730,385	460,261
Pass [Member] | Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	491,450	673,751
Pass [Member] | Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	128,240	120,180
Pass-Watch [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	22,108	27,405
Pass-Watch [Member] | Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	3,422	7,499
Pass-Watch [Member] | Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	3,686	1,773
Pass-Watch [Member] | Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	15,000	18,133
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	9,713	13,514
Special Mention [Member] | Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	784	542
Special Mention [Member] | Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	5,879	9,686
Special Mention [Member] | Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	3,050	3,286
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	161,544	207,069
Substandard [Member] | Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	22,880	18,845
Substandard [Member] | Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	31,480	48,581
Substandard [Member] | Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	107,184	139,643
Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	18,200	5,318
Doubtful [Member] | Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	56	878
Doubtful [Member] | Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit risk profile by internally assigned grade	$ 18,144	$ 4,440

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
ASSETS
Cash and due from banks	$ 414,623	$ 437,947
Interest-bearing bank deposits	318,632	1,184,222
Federal funds sold	1,425	197
Securities available for sale, at fair value (amortized cost of $2,128,013 and $4,401,345)	2,208,789	4,496,900
Securities held to maturity (fair value of $1,889,136)	1,844,482
Loans held for sale	51,097	72,378
Loans	11,451,820	11,191,901
Less: allowance for loan losses	(135,591)	(124,881)
unearned income	(17,372)	(14,875)
Loans, net	11,298,857	11,052,145
Property and equipment, net of accumulated depreciation of $155,777 and $148,780	483,713	505,387
Prepaid expenses	60,161	69,064
Other real estate, net	130,046	144,367
Accrued interest receivable	47,607	53,973
Goodwill	628,877	651,162
Other intangible assets, net	197,139	211,075
Life insurance contracts	367,269	355,026
FDIC loss share indemnification asset	184,445	212,885
Deferred tax asset, net	124,075	145,760
Other assets	162,893	181,608
Total assets	18,524,130	19,774,096
Deposits:
Non-interest bearing demand	5,151,146	5,516,336
Interest-bearing savings, NOW, money market and time	9,621,805	10,197,243
Total deposits	14,772,951	15,713,579
Short-term borrowings	748,634	1,044,454
Long-term debt	308,327	353,890
Accrued interest payable	6,526	8,284
Other liabilities	253,204	286,726
Total liabilities	16,089,642	17,406,933
Stockholders' equity
Common stock - $3.33 par value per share; 350,000,000 shares authorized, 84,781,894 and 84,705,496 issued and outstanding, respectively	282,323	282,069
Capital surplus	1,644,114	1,634,634
Retained earnings	519,838	476,970
Accumulated other comprehensive income (loss), net	(11,787)	(26,510)
Total stockholders' equity	2,434,488	2,367,163
Total liabilities and stockholders' equity	$ 18,524,130	$ 19,774,096

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Loans and Allowance for Loan Losses - Loans, Net of Unearned Income (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commercial	$ 4,235,825	$ 3,800,230
Total construction	1,044,637	1,263,005
Total real estate	2,907,007	2,998,923
Total residential mortgage loans	1,561,640	1,507,498
Total consumer loans	1,685,339	1,607,370
Total Loans	11,434,448	11,177,026
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commercial	2,416,143	1,525,409
Total construction	628,067	540,806
Total real estate	1,421,526	1,259,757
Total residential mortgage loans	757,471	487,147
Total consumer loans	1,357,987	1,074,611
Total Loans	6,581,194	4,887,730
Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commercial	1,797,827	2,236,758
Total construction	368,476	603,371
Total real estate	1,378,706	1,656,515
Total residential mortgage loans	532,551	734,669
Total consumer loans	219,962	386,540
Total Loans	4,297,522	5,617,853
Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total commercial	21,855	38,063
Total construction	48,094	118,828
Total real estate	106,775	82,651
Total residential mortgage loans	271,618	285,682
Total consumer loans	107,390	146,219
Total Loans	$ 555,732	$ 671,443

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Consolidated Statements of Changes in Stockholders' Equity (USD $) In Thousands, except Share data	Total	Common Stock	Capital Surplus	Retained Earnings	Accumulated Other Comprehensive income (loss)
Beginning Balance at Dec. 31, 2010	$ 856,548	$ 122,855	$ 263,484	$ 470,828	$ (619)
Beginning Balance, Shares at Dec. 31, 2010		36,893,276
Net income	57,793			57,793
Other comprehensive income	34,793				34,793
Cash dividends declared ($0.72 per common share)	(50,051)			(50,051)
Common stock offering	213,994	23,170	190,824
Common stock offering, Shares		6,958,143
Common stock issued in connection with Whitney acquisition	1,308,044	135,845	1,172,199
Common stock issued in connection with Whitney acquisition, Shares		40,794,261
Common stock activity, long-term incentive plan, including excess income tax benefit of $92	5,541	175	5,366
Common stock activity, long-term incentive plan, including excess income tax benefit of $92, Shares		52,566
Ending Balance at Sep. 30, 2011	2,426,662	282,045	1,631,873	478,570	34,174
Ending Balance, Shares at Sep. 30, 2011		84,698,246
Beginning Balance at Dec. 31, 2011	2,367,163	282,069	1,634,634	476,970	(26,510)
Beginning Balance, Shares at Dec. 31, 2011		84,705,496
Net income	104,783			104,783
Other comprehensive income	14,723				14,723
Cash dividends declared ($0.72 per common share)	(61,915)			(61,915)
Common stock activity, long-term incentive plan, including excess income tax benefit of $92	9,734	254	9,480
Common stock activity, long-term incentive plan, including excess income tax benefit of $92, Shares		76,398
Ending Balance at Sep. 30, 2012	$ 2,434,488	$ 282,323	$ 1,644,114	$ 519,838	$ (11,787)
Ending Balance, Shares at Sep. 30, 2012		84,781,894

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Share-Based Payment Arrangements - Schedule of Option Activity Under Stock Option Plans (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2012 Y
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Outstanding at Beginning Balance	1,686,907
Number of Shares, Granted	152,140
Number of Shares, Exercised	(41,099)
Number of Shares, Forfeited or expired	(199,299)
Outstanding at September 30, 2012	1,598,649
Exercisable at September 30, 2012	955,215
Weighted- Average Exercise Price, Outstanding at Beginning Balance	$ 41.05
Weighted- Average Exercise Price,Granted	$ 29.73
Weighted- Average Exercise Price, Exercised	$ 22.33
Weighted- Average Exercise Price, Forfeited or expired	$ 57.67
Weighted- Average Exercise Price, Outstanding at Ending Balance	$ 38.38
Weighted- Average Exercise Price, Exercisable at Ending Balance	$ 42.29
Weighted-Average Remaining Contractual Term, Outstanding at Ending Balance	5.4
Weighted-Average Remaining Contractual Term, Exercisable at Ending Balance (in years)	3 years 4 months 24 days
Aggregate Intrinsic Value, Outstanding at Ending Balance	$ 977
Aggregate Intrinsic Value, Exercisable at Ending Balance	$ 584

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Fair Value - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Minimum Period of Investment	2 years
Minimum Period of Investment	5 years

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Other Noninterest Income - Components of Other Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Other Noninterest Income [Line Items]
Income from bank owned life insurance	$ 2,774	$ 3,108	$ 8,452	$ 6,271
Safety deposit box income	502	541	1,524	1,077
Credit related fees	1,545	2,261	5,130	3,573
Income from derivatives	455	101	2,091	95
Gain on sale of assets	1,991	(64)	2,195	544
Other miscellaneous	2,503	2,219	6,709	4,611
Total other noninterest income	$ 9,770	$ 8,166	$ 26,101	$ 16,171

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Basis of Presentation (Policies)

9 Months Ended

Sep. 30, 2012

Use of Estimates

Use of Estimates

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and with general practices followed by the banking industry. These accounting principles require management to make estimates and assumptions about future events that affect the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ significantly from those estimates.

Critical Accounting Policies and Estimates

Critical Accounting Policies and Estimates

There have been no material changes or developments with respect to the assumptions or methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as disclosed in our Form 10-K for the year ended December 31, 2011.

Securities

Securities

Securities that the Company both positively intends and has the ability to hold to maturity are classified as securities held to maturity and are carried at amortized cost. The intent and ability to hold are not considered satisfied when a security is available to be sold in response to changes in interest rates, prepayment rates, liquidity needs or other reasons as part of an overall asset/liability management strategy. Premiums and discounts on securities, both those held to maturity and those available for sale, are amortized and accreted to income as an adjustment to the securities’ yields using the effective interest method. Realized gains and losses on securities, including declines in value judged to be other than temporary, are reported net as a component of noninterest income. The cost of securities sold is specifically identified for use in calculating realized gains and losses.

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Fair Value - Schedule of Financial Assets Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	$ 77,259	$ 55,252
Other real estate owned	130,046	144,367
Total nonrecurring fair value measurements	207,305	199,619
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	77,259	55,252
Other real estate owned	130,046	144,367
Total nonrecurring fair value measurements	$ 207,305	$ 199,619

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Securities (Tables)

9 Months Ended

Sep. 30, 2012

Amortized cost and fair value of available for sale securities

The amortized cost and fair value of securities classified as available for sale and held to maturity follow (in thousands):

Securitites Available for Sale
	September 30, 2012								December 31, 2011
	Amortized		Gross Unrealized		Gross Unrealized		Fair		Amortized		Gross Unrealized		Gross Unrealized		Fair
	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
U.S. Treasury	$	150	$	10	$	—	$	160	$	150	$	14	$	—	$	164
U.S. government agencies		18,201		47		—		18,248		248,595		1,308		—		249,903
Municipal obligations		74,967		1,168		3		76,132		294,489		15,218		42		309,665
Mortgage-backed securities		1,826,624		77,908		12		1,904,520		2,422,891		58,150		696		2,480,345
CMOs		199,792		937		33		200,696		1,426,495		21,774		2,193		1,446,076
Corporate debt securities		3,750		—		—		3,750		4,517		11		34		4,494
Other equity securities		4,529		764		10		5,283		4,208		2,086		41		6,253
	$	2,128,013	$	80,834	$	58	$	2,208,789	$	4,401,345	$	98,561	$	3,006	$	4,496,900

Amortized cost and Fair Value of Held to Maturity Securities

Securitites Available for Sale
	September 30, 2012								December 31, 2011
	Amortized		Gross Unrealized		Gross Unrealized		Fair		Amortized		Gross Unrealized		Gross Unrealized		Fair
	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
U.S. Treasury	$	150	$	10	$	—	$	160	$	150	$	14	$	—	$	164
U.S. government agencies		18,201		47		—		18,248		248,595		1,308		—		249,903
Municipal obligations		74,967		1,168		3		76,132		294,489		15,218		42		309,665
Mortgage-backed securities		1,826,624		77,908		12		1,904,520		2,422,891		58,150		696		2,480,345
CMOs		199,792		937		33		200,696		1,426,495		21,774		2,193		1,446,076
Corporate debt securities		3,750		—		—		3,750		4,517		11		34		4,494
Other equity securities		4,529		764		10		5,283		4,208		2,086		41		6,253
	$	2,128,013	$	80,834	$	58	$	2,208,789	$	4,401,345	$	98,561	$	3,006	$	4,496,900

Securitites Held to Maturity
	September 30, 2012								December 31, 2011
			Gross		Gross						Gross		Gross
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value		Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Municipal obligations	$	174,362	$	16,510	$	5	$	190,867		—		—		—		—
Mortgage-backed securities		195,070		4,816		—		199,886		—		—		—		—
CMOs		1,475,050		25,039		1,706		1,498,383		—		—		—		—
	$	1,844,482	$	46,365	$	1,711	$	1,889,136		—		—		—		—

Amortized Cost and Fair Value of Securities by Contractual Maturity

The following table presents the amortized cost and fair value of debt securities classified as available for sale and held to maturity at September 30, 2012, by contractual maturity (in thousands). Actual maturities will differ from contractual maturities because of rights to call or repay obligations with or without penalties.

	Amortized		Fair
	Cost		Value
Debt Securities Available for Sale
Due in one year or less	$	53,882	$	54,121
Due after one year through five years		195,876		197,715
Due after five years through ten years		338,242		351,122
Due after ten years		1,535,484		1,600,548
Total available for sale debt securities	$	2,123,484	$	2,203,506

	Amortized		Fair
	Cost		Value
Debt Securities Held to Maturity
Due in one year or less	$	16,868	$	16,996
Due after one year through five years		428,653		436,073
Due after five years through ten years		101,657		111,686
Due after ten years		1,297,304		1,324,381
Total held to maturity securities	$	1,844,482	$	1,889,136

Available For Sale Securities Unrealized Losses

The Company held no securities classified as trading at September 30, 2012 or December 31, 2011. The Company held no securities classified as held to maturity at December 31, 2011.

The details concerning securities classified as available for sale with unrealized losses as of September 30, 2012 follow (in thousands):

Available for sale
	Losses < 12 months				Losses 12 months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
U.S. Treasury	$	—	$	—	$	—	$	—	$	—	$	—
U.S. government agencies		—		—		—		—		—		—
Municipal obligations		545		3		960		1		1,505		4
Mortgage-backed securities		1,587		2		1,348		9		2,935		11
CMOs		49,995		33		—		—		49,995		33
Corporate debt securities		—		—		—		—		—		—
Equity securities		—		—		217		10		217		10
	$	52,127	$	38	$	2,525	$	20	$	54,652	$	58

The details concerning securities classified as available for sale with unrealized losses as of December 31, 2011 follow (in thousands):

Available for sale
	Losses < 12 months				Losses 12 months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
U.S. Treasury	$	—	$	—	$	—	$	—	$	—	$	—
U.S. government agencies		—		—		—		—		—		—
Municipal obligations		18,854		42		—		—		18,854		42
Mortgage-backed securities		212,900		692		337		4		213,237		696
CMOs		296,860		2,193		—		—		296,860		2,193
Corporate debt securities		398		34		—		—		398		34
Equity securities		1,685		39		2		2		1,687		41
	$	530,697	$	3,000	$	339	$	6	$	531,036	$	3,006

Held to Maturity with Unrealized Losses

The details concerning securities classified as held to maturity with unrealized losses as of September 30, 2012 follow (in thousands):

Held to maturity
	Losses < 12 months				Losses 12 months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
Municpal obligations	$	1,862	$	5	$	—	$	—		1,862	$	5
CMOs		308,580		747		74,499		959		383,079	$	1,706
	$	310,442	$	752	$	74,499	$	959	$	384,941	$	1,711

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Whitney Acquisition - Additional Information (Detail) (USD $)	9 Months Ended			9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011	Sep. 16, 2011 Whitney Bank Divested Branches [Member]	Sep. 30, 2012 Whitney [Member]	Sep. 16, 2011 Whitney [Member] Mississippi Gulf Coast [Member] Divestiture	Sep. 16, 2011 Whitney [Member] Bogalusa La [Member] Divestiture	Sep. 30, 2012 Common Stock
Business Acquisition [Line Items]
Shares in Hancock for each share of Whitney				0.418
TARP stock redeemed							$ 307,700,000
Business acquisition costs							1,600,000,000
Business acquisition, number of shares issued	40,794,261
Business acquisition, fair value of shares issued	1,300,000,000
Number of bank branches divested					7	1
Loans	11,451,820,000	11,191,901,000	47,000,000
Deposits	14,772,951,000	15,713,579,000	180,000,000
Business acquisition, purchase price allocation, total assets acquired	11,200,000,000
Business acquisition, purchase price allocation, loans and leases acquired	6,500,000,000
Business acquisition, purchase price allocation, investment securities acquired	2,600,000,000
Business acquisition, purchase price allocation, intangibles acquired	224,000,000
Business acquisition, purchase price allocation, liabilities assumed	10,100,000,000
Business Acquisition, Purchase Price Allocation, Deposits Assumed	9,200,000,000
Business Acquisition, Purchase Price Allocation, goodwill amount	589,000,000
Goodwill reduced for deferred tax purchase accounting adjustments	$ 22,200,000

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Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash dividends declared, per common share	$ 0.72	$ 0.72
Common stock issued, long-term incentive plan, income tax benefit	$ 292	$ 92
Common Stock
Common stock issued, long-term incentive plan, income tax benefit	292	92
Capital Surplus
Common stock issued, long-term incentive plan, income tax benefit	$ 292	$ 92
Retained Earnings
Cash dividends declared, per common share	$ 0.72	$ 0.72

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Securities Available for Sale, Amortized Cost	$ 2,128,013	$ 4,401,345
Held to maturity securities	1,889,136
Property and equipment, accumulated depreciation	$ 155,777	$ 148,780
Common stock, par value per share	$ 3.33	$ 3.33
Common stock, shares authorized	350,000,000	350,000,000
Common stock, shares issued	84,781,894	84,781,894
Common stock, shares outsanding	84,705,496	84,705,496

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Other Noninterest Income

9 Months Ended

Sep. 30, 2012

Other Noninterest Income

9. Other Noninterest Income

Components of other noninterest income are as follows:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012		2011			2012		2011
	(In thousands)
Income from bank owned life insurance	$	2,774	$	3,108		$	8,452	$	6,271
Safety deposit box income		502		541			1,524		1,077
Credit related fees		1,545		2,261			5,130		3,573
Income from derivatives		455		101			2,091		95
Gain/(loss) on sale of assets		1,991		(64	)		2,195		544
Other miscellaneous		2,503		2,219			6,709		4,611
Total other noninterest income	$	9,770	$	8,166		$	26,101	$	16,171

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Document and Entity Information	9 Months Ended
	Sep. 30, 2012	Oct. 31, 2012
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Trading Symbol	HBHC
Entity Registrant Name	HANCOCK HOLDING CO
Entity Central Index Key	0000750577
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		84,782,215

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Other Noninterest Expense

9 Months Ended

Sep. 30, 2012

Other Noninterest Expense

10. Other Noninterest Expense

Components of other noninterest expense are as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(In thousands)
Insurance expense	$	1,207	$	1,724	$	4,428	$	2,878
Ad valorem and franchise taxes		2,185		1,768		6,608		4,362
Printing and supplies		1,488		1,846		6,162		3,931
Public relations and contributions		1,065		1,067		4,827		2,291
Travel expense		1,282		1,183		4,464		2,248
Other real estate owned expense, net		4,590		3,528		11,630		6,829
Tax credit investment amortization		1,513		1,513		4,538		1,728
Other miscellaneous		4,488		11,829		19,311		18,466
Total other noninterest expense	$	17,818	$	24,458	$	61,968	$	42,733

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Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Interest income:
Loans, including fees	$ 166,334	$ 166,300	$ 497,840	$ 328,892
Securities-taxable	21,141	29,004	67,889	61,021
Securities-tax exempt	1,422	1,758	4,377	4,344
Federal funds sold and other short term investments	308	633	1,304	1,448
Total interest income	189,205	197,695	571,410	395,705
Interest expense:
Deposits	7,519	15,138	25,654	42,717
Short-term borrowings	1,514	1,902	4,776	5,346
Long-term debt and other interest expense	2,916	3,613	9,977	4,777
Total interest expense	11,949	20,653	40,407	52,840
Net interest income	177,256	177,042	531,003	342,865
Provision for loan losses	8,101	9,256	26,141	27,221
Net interest income after provision for loan losses	169,155	167,786	504,862	315,644
Noninterest income:
Service charges on deposit accounts	20,834	16,860	58,015	38,745
Bank card fees	7,568	11,064	24,107	20,542
Trust fees	7,743	7,215	24,464	16,507
Insurance commissions and fees	4,045	4,356	12,103	12,234
Investment and annuity fees	4,269	4,642	13,291	11,042
ATM fees	4,302	4,127	13,479	10,148
Secondary mortgage market operations	4,311	3,477	11,328	6,921
Accretion of indemnification asset		5,030	5,000	13,524
Other income	9,770	8,166	26,101	16,171
Securities gains (losses), net	917	16	929	(71)
Total noninterest income	63,759	64,953	188,817	145,763
Noninterest expense:
Compensation expense	76,173	77,355	223,945	153,734
Employee benefits	17,202	17,489	54,881	36,480
Salaries and employee benefits	93,375	94,844	278,826	190,214
Net occupancy expense	13,358	14,029	41,784	28,700
Equipment expense	5,212	5,362	19,046	11,877
Data processing expense	11,005	15,664	39,523	27,915
Professional services expense	9,447	19,915	49,207	48,061
Telecommunications and postage	5,313	5,837	17,068	12,239
Advertising	2,243	3,852	12,263	8,028
Deposit insurance and regulatory fees	3,833	2,961	11,128	9,305
Amortization of intangibles	8,110	7,097	24,336	9,332
Other expense	17,818	24,458	61,968	42,733
Total noninterest expense	169,714	194,019	555,149	388,404
Income before income taxes	63,200	38,720	138,530	73,003
Income taxes	16,216	8,342	33,747	15,210
Net income	$ 46,984	$ 30,378	$ 104,783	$ 57,793
Basic earnings per common share	$ 0.55	$ 0.36	$ 1.23	$ 0.97
Diluted earnings per common share	$ 0.55	$ 0.36	$ 1.22	$ 0.97
Dividends paid per share	$ 0.24	$ 0.24	$ 0.72	$ 0.72
Weighted avg. shares outstanding-basic	84,777	84,699	84,757	59,149
Weighted avg. shares outstanding-diluted	85,632	84,985	85,525	59,442

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Loans and Allowance for Loan Losses

9 Months Ended

Sep. 30, 2012

Loans and Allowance for Loan Losses

4. Loans and Allowance for Loan Losses

Loans, net of unearned income, consisted of the following:

	September 30,		December 31,
	2012		2011
	(In thousands)
Originated loans:
Commerical non-real estate	$	2,416,143	$	1,525,409
Construction and land development		628,067		540,806
Commercial real estate		1,421,526		1,259,757
Residential mortgages		757,471		487,147
Consumer		1,357,987		1,074,611
Total originated loans	$	6,581,194	$	4,887,730
Acquired loans:
Commerical non-real estate	$	1,797,827	$	2,236,758
Construction and land development		368,476		603,371
Commercial real estate		1,378,706		1,656,515
Residential mortgages		532,551		734,669
Consumer		219,962		386,540
Total acquired loans	$	4,297,522	$	5,617,853
Covered loans:
Commerical non-real estate	$	21,855	$	38,063
Construction and land development		48,094		118,828
Commercial real estate		106,775		82,651
Residential mortgages		271,618		285,682
Consumer		107,390		146,219
Total covered loans	$	555,732	$	671,443
Total loans:
Commerical non-real estate	$	4,235,825	$	3,800,230
Construction and land development		1,044,637		1,263,005
Commercial real estate		2,907,007		2,998,923
Residential mortgages		1,561,640		1,507,498
Consumer		1,685,339		1,607,370
Total loans	$	11,434,448	$	11,177,026

The following briefly describes the distinction between originated, acquired and covered loans and certain significant accounting policies relevant to each category.

Originated loans

Loans originated for investment are reported at the principal balance outstanding net of unearned income. Interest on loans and accretion of unearned income are computed in a manner that approximates a level yield on recorded principal. Interest on loans is recognized in income as earned. The accrual of interest on originated loans is discontinued when it is determined to be probable that the borrower will not be able to meet payment obligations as they become due. The Company maintains an allowance for loan losses on originated loans that represents management’s estimate of probable losses inherent in this portfolio category. The methodology for estimating the allowance is described in Note 1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2011. As actual losses are incurred, they are charged against the allowance. Subsequent recoveries are added back to the allowance when collected.

Acquired loans

Acquired loans are those purchased in the Whitney Holding Corporation acquisition on June 4, 2011. These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The acquired loans were segregated between those considered to be performing (“acquired performing”) and those with evidence of credit deterioration (“acquired impaired”), and then further segregated into pools using common risk characteristics, such as loan type, geography and risk rating. The fair value estimate for each pool was based on an estimate of cash flows, both principal and interest, expected to be collected from that pool, discounted at prevailing market rates of interest. Each pool is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flows.

The difference between the fair value of an acquired performing loan pool and the contractual amounts due at the acquisition date (the “fair value discount”) is accreted into income over the estimated life of the pool. Management estimates an allowance for loan losses for acquired performing loans at each subsequent reporting date using a methodology similar to that used for originated loans. The allowance determined for each loan pool is compared to the remaining fair value discount for that pool. If the allowance is greater, the excess is added to the reported allowance through a provision for loan losses. If the allowance is less, no additional allowance or provision is recognized. Actual losses are first charged against any remaining fair value discount for the loan pool. Once the discount is fully depleted, losses are applied against the allowance established for that pool. Acquired performing loans are considered and reported as nonperforming and past due using the same criteria applied to the originated portfolio. The accrual of interest on acquired performing loans is discontinued when, in management’s opinion, it is probable that the borrower will be unable to meet payment obligations as they become due, as well as when required by regulatory provisions.

The excess of cash flows expected to be collected from an acquired impaired loan pool over the pool’s estimated fair value at acquisition is referred to as the accretable yield and is recognized in interest income using an effective yield method over the remaining life of the pool. Management updates the estimate of cash flows expected to be collected on each acquired impaired loan pool at each reporting date. If expected cash flows for a pool decrease, an increase in the reported allowance for loan losses is made through a provision for loan losses. If expected cash flows for a pool increase, any previously established allowance for loan losses is reversed and any remaining difference increases the accretable yield which will be taken into interest income over the remaining life of the loan pool.

Covered loans and the related FDIC loss share indemnification asset

The loans purchased in the 2009 acquisition of Peoples First Community Bank are covered by two loss share agreements between the FDIC and the Company that afford the Company significant loss protection. Covered loans are accounted for as acquired impaired loans as described above. The loss share indemnification asset is measured separately from the related covered loans as it is not contractually embedded in the loans and is not transferable should the loans be sold. The fair value of the indemnification asset at acquisition was estimated by discounting projected cash flows from the loss share agreements based on expected reimbursements for allowable loss claims, including appropriate consideration of possible true-up payments to the FDIC at the expiration of the agreements. The discounted amount is accreted into non-interest income over the remaining life of the covered loan pool or the life of the loss share agreement.

In the following discussion and tables, commercial loans include the commercial non-real estate, construction and land development and commercial real estate loans categories shown in the previous table.

The following schedule shows activity in the allowance for loan losses, by portfolio segment and the corresponding recorded investment in loans, for the nine months ended September 30, 2012 and September 30, 2011.

Originated loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	60,211		$	4,894		$	18,141		$	83,246
Charge-offs		(18,036	)		(4,889	)		(11,663	)		(34,588	)
Recoveries		4,225			310			3,060			7,595
Net provision for loan losses		12,618			4,336			6,542			23,496
Increase in indemnification asset		—			—			—			—
Ending balance	$	59,018		$	4,651		$	16,080		$	79,749
Ending balance:
Individually evaluated for impairment	$	8,469		$	133		$	—		$	8,602
Ending balance:
Collectively evaluated for impairment	$	50,549		$	4,518		$	16,080		$	71,147
Loans:
Ending balance:	$	4,465,736		$	757,471		$	1,357,987		$	6,581,194
Ending balance:
Individually evaluated for impairment	$	78,337		$	7,524		$	—		$	85,861
Ending balance:
Collectively evaluated for impairment	$	4,387,399		$	749,947		$	1,357,987		$	6,495,333
Covered loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	18,203		$	9,024		$	14,408		$	41,635
Charge-offs		(22,839	)		—			—			(22,839	)
Recoveries		—			—			—			—
Net provision for loan losses (a)		12,744			2,196			(12,295	)		2,645
Increase in indemnification asset (a)		22,650			11,189			562			34,401
Ending balance	$	30,758		$	22,409		$	2,675		$	55,842
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment	$	30,758		$	22,409		$	2,675		$	55,842
Loans:
Ending balance:	$	176,724		$	271,618		$	107,390		$	555,732
Ending balance:
Individually evaluated for impairment	$	5,769		$	393		$	—		$	6,162
Ending balance:
Collectively evaluated for impairment	$	170,955		$	271,225		$	107,390		$	549,570
Total loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2012
Allowance for loan losses:
Beginning balance, January 1, 2012	$	78,414		$	13,918		$	32,549		$	124,881
Charge-offs		(40,875	)		(4,889	)		(11,663	)		(57,427	)
Recoveries		4,225			310			3,060			7,595
Net provision for loan losses (a)		25,362			6,532			(5,753	)		26,141
Increase in indemnification asset (a)		22,650			11,189			562			34,401
Ending balance	$	89,776		$	27,060		$	18,755		$	135,591
Ending balance:
Individually evaluated for impairment	$	8,469		$	133		$	—		$	8,602
Ending balance:
Collectively evaluated for impairment	$	81,307		$	26,927		$	18,755		$	126,989
Loans:
Ending balance:	$	8,187,469		$	1,561,640		$	1,685,339		$	11,434,448
Ending balance:
Individually evaluated for impairment	$	84,106		$	7,917		$	—		$	92,023
Ending balance:
Collectively evaluated for impairment	$	8,103,363		$	1,553,723		$	1,685,339		$	11,342,425
Ending balance:
Acquired loans (b)	$	3,545,009		$	532,551		$	219,962		$	4,297,522

(a) The Company increased the allowance by $37.0 million for losses related to impairment on certain pools of covered loans. This provision was mostly offset by a $34.4 million increase in the FDIC indemnification asset.

(b) In accordance with purchase accounting rules, the Whitney loans were recorded at their fair value at the time of the acquisition, and the prior allowance for loan losses was eliminated. No allowance has been established on these acquired loans since the acquisition date. These loans are included in the ending balance of loans collectively evaluated for impairment.

Originated loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2011
Allowance for loan losses:
Beginning balance, January 1, 2011	$	56,859		$	4,626		$	19,840		$	81,325
Charge-offs		(25,598	)		(1,774	)		(8,855	)		(36,227	)
Recoveries		9,863			1,044			2,813			13,720
Net provision for loan losses		17,514			5,286			2,748			25,548
Increase in indemnification asset		—			—			—			—
Ending balance	$	58,638		$	9,182		$	16,546		$	84,366
Ending balance:
Individually evaluated for impairment	$	5,959		$	641		$	—		$	6,600
Ending balance:
Collectively evaluated for impairment	$	52,679		$	8,541		$	16,546		$	77,766
Loans:
Ending balance:	$	3,119,291		$	412,267		$	1,001,162		$	4,532,720
Ending balance:
Individually evaluated for impairment	$	44,317		$	5,199		$	—		$	49,516
Ending balance:
Collectively evaluated for impairment	$	3,074,974		$	407,068		$	1,001,162		$	4,483,204
Covered loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2011
Allowance for loan losses:
Beginning balance, January 1, 2011	$	—		$	—		$	672		$	672
Charge-offs		—			—			(375	)		(375	)
Recoveries		—			—			—			—
Net provision for loan losses (a)		1,328			—			345			1,673
Increase in indemnification asset (a)		19,583			—			12,194			31,777
Ending balance	$	20,911		$	—		$	12,836		$	33,747
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment	$	20,911		$	—		$	12,836		$	33,747
Loans:
Ending balance:	$	301,960		$	262,246		$	157,625		$	721,831
Ending balance:
Individually evaluated for impairment	$	32,869		$	1,237		$	—		$	34,106
Ending balance:
Collectively evaluated for impairment	$	269,091		$	261,009		$	157,625		$	687,725
Total loans:	Commercial			Residential mortgages			Consumer			Total
(In thousands)	September 30, 2011
Allowance for loan losses:
Beginning balance, January 1, 2011	$	56,859		$	4,626		$	20,512		$	81,997
Charge-offs		(25,598	)		(1,774	)		(9,230	)		(36,602	)
Recoveries		9,863			1,044			2,813			13,720
Net provision for loan losses (a)		18,842			5,286			3,093			27,221
Increase in indemnification asset (a)		19,583			—			12,194			31,777
Ending balance	$	79,549		$	9,182		$	29,382		$	118,113
Ending balance:
Individually evaluated for impairment	$	5,959		$	641		$	—		$	6,600
Ending balance:
Collectively evaluated for impairment	$	73,590		$	8,541		$	29,382		$	111,513
Loans:
Ending balance:	$	8,075,247		$	1,451,506		$	1,575,516		$	11,102,269
Ending balance:
Individually evaluated for impairment	$	77,186		$	6,436		$	—		$	83,622
Ending balance:
Collectively evaluated for impairment	$	7,998,061		$	1,445,070		$	1,575,516		$	11,018,647
Ending balance:
Acquired loans (b)	$	4,653,996		$	776,993		$	416,729		$	5,847,718

(a) The Company increased the allowance by $33.4 million for losses related to impairment on certain pools of covered loans. This provision was mostly offset by a $31.8 million increase in the FDIC indemnification asset.

(b) In accordance with purchase accounting rules, the Whitney loans were recorded at their fair value at the time of the acquisition, and the prior allowance for loan losses was eliminated. No allowance has been established on these acquired loans since the acquisition date. These loans are included in the ending balance of loans collectively evaluated for impairment.

The following table shows the composition of non-accrual loans by portfolio segment and class. Acquired impaired and certain covered loans are considered to be performing due to the application of the accretion method and are excluded from the table. Covered loans accounted for using the cost recovery method do not have an accretable yield and are disclosed below as non-accrual loans. Acquired performing loans that have subsequently been placed on non-accrual status are also disclosed below.

	September 30,		December 31,
	2012		2011
	(In thousands)
Originated loans:
Commercial	$	112,165	$	55,046
Residential mortgages		11,288		24,406
Consumer		4,588		3,855
Total originated loans	$	128,041	$	83,307
Acquired loans:
Commercial	$	12,838	$	—
Residential mortgages		7,606		—
Consumer		2,480		1,117
Total acquired loans	$	22,924	$	1,117
Covered loans:
Commercial	$	5,769	$	18,209
Residential mortgages		393		637
Consumer		—		—
Total covered loans	$	6,162	$	18,846
Total loans:
Commercial	$	130,772	$	73,255
Residential mortgages		19,287		25,043
Consumer		7,068		4,972
Total loans	$	157,127	$	103,270

The amount of interest that would have been recorded on nonaccrual loans and taken into income for the nine months ended September 30, 2012 was approximately $5.8 million. Interest actually received on nonaccrual loans during the nine months ended September 30, 2012 was $1.4 million.

Included in nonaccrual loans at September 30, 2012 is $21.6 million in restructured commercial loans. Total troubled debt restructurings (TDRs) as of September 30, 2012 were $32.3 million and $18.1 million at December 31, 2011. Modified acquired impaired loans are not removed from their accounting pool and accounted for as TDRs, even if those loans would otherwise be deemed TDRs.

The table below details the troubled debt restructurings (TDR) that occurred for the three and nine months ended September 30, 2012 and 2011 by portfolio segment (dollar amounts in thousands). During these periods, no loan modified as a TDR defaulted within twelve months of its modification date. A reserve analysis is completed on all loans that have been determined to be troubled debt restructurings by management. All troubled debt restructurings are rated substandard and are considered impaired in calculating the allowance for loan losses.

	Three Months Ended
	September 30, 2012						September 30, 2011
Troubled Debt Restructurings:	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number  of Contracts			Pre-Modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Originated loans:
Commercial		9	$	11,350	$	11,974		1		$	15,855		$	13,425
Residential mortgages		3		997		847		(2	)		(711	)		(695	)
Consumer		—		—		—		—			—			—
Total originated loans		12	$	12,347	$	12,821		(1	)	$	15,144		$	12,730
Aquired loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total acquired loans		—	$	—	$	—		—		$	—		$	—
Covered loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total covered loans		—	$	—	$	—		—		$	—		$	—
Total loans:
Commercial		9	$	11,350	$	11,974		1		$	15,855		$	13,425
Residential mortgages		3		997		847		(2	)		(711	)		(695	)
Consumer		—		—		—		—			—			—
Total loans		12	$	12,347	$	12,821		(1	)	$	15,144		$	12,730

	Three Months Ended
	September 30, 2012				September 30, 2011
Troubled Debt Restructurings That Subsequently Defaulted:	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Originated loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total originated loans		—	$	—		2	$	742
Aquired loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total acquired loans		—	$	—		—	$	—
Covered loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total covered loans		—	$	—		—	$	—
Total loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total loans		—	$	—		2	$	742

	Nine Months Ended
	September 30, 2012						September 30, 2011
Troubled Debt Restructurings:	Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Number of Contracts			Pre-Modification Outstanding Recorded Investment			Post-Modification Outstanding Recorded Investment
Originated loans:
Commercial		7	$	14,360	$	13,369		11		$	3,447		$	1,822
Residential mortgages		3		960		825		(1	)		(546	)		(415	)
Consumer		—		—		—		—			—			—
Total originated loans		10	$	15,320	$	14,194		10		$	2,901		$	1,407
Aquired loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total acquired loans		—	$	—	$	—		—		$	—		$	—
Covered loans:
Commercial		—	$	—	$	—		—		$	—		$	—
Residential mortgages		—		—		—		—			—			—
Consumer		—		—		—		—			—			—
Total covered loans		—	$	—	$	—		—		$	—		$	—
Total loans:
Commercial		7	$	14,360	$	13,369		11		$	3,447		$	1,822
Residential mortgages		3		960		825		(1	)		(546	)		(415	)
Consumer		—		—		—		—			—			—
Total loans		10	$	15,320	$	14,194		10		$	2,901		$	1,407

	Nine Months Ended
	September 30, 2012				September 30, 2011
Troubled Debt Restructurings That Subsequently Defaulted:	Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
Originated loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total originated loans		—	$	—		2	$	742
Aquired loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total acquired loans		—	$	—		—	$	—
Covered loans:
Commercial		—	$	—		—	$	—
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total covered loans		—	$	—		—	$	—
Total loans:
Commercial		—	$	—		2	$	742
Residential mortgages		—		—		—		—
Consumer		—		—		—		—
Total loans		—	$	—		2	$	742

The following table presents impaired loans disaggregated by class at September 30, 2012 and December 31, 2011:

September 30, 2012	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(In thousands)
Originated loans:
With no related allowance recorded:
Commercial	$	36,994	$	61,108	$	—	$	17,661	$	273
Residential mortgages		6,520		10,862		—		2,863		149
Consumer		—		—		—		—		—
		43,514		71,970		—		20,524		422
With an allowance recorded:
Commercial		41,343		48,853		8,469		39,278		319
Residential mortgages		1,004		1,210		133		5,642		—
Consumer		—		—		—		—		—
		42,347		50,063		8,602		44,920		319
Total:
Commercial		78,337		109,961		8,469		56,939		592
Residential mortgages		7,524		12,072		133		8,505		149
Consumer		—		—		—		—		—
Total originated loans	$	85,861	$	122,033	$	8,602	$	65,444	$	741
Covered loans:
With no related allowance recorded:
Commercial		—		—		—		—		—
Residential mortgages		—		—		—		—		—
Consumer		—		—		—		—		—
		—		—		—		—		—
With an allowance recorded: (a)
Commercial		5,769		13,082		—		9,634		—
Residential mortgages		393		787		—		506		—
Consumer		—		—		—		—		—
		6,162		13,869		—		10,140		—
Total:
Commercial		5,769		13,082		—		9,634		—
Residential mortgages		393		787		—		506		—
Consumer		—		—		—		—		—
Total covered loans	$	6,162	$	13,869	$	—	$	10,140	$	—
Total loans:
With no related allowance recorded:
Commercial		36,994		61,108		—		17,661		273
Residential mortgages		6,520		10,862		—		2,863		149
Consumer		—		—		—		—		—
		43,514		71,970		—		20,524		422
With an allowance recorded:
Commercial		47,112		61,935		8,469		48,912		319
Residential mortgages		1,397		1,997		133		6,148		—
Consumer		—		—		—		—		—
		48,509		63,932		8,602		55,060		319
Total:
Commercial		84,106		123,043		8,469		66,573		592
Residential mortgages		7,917		12,859		133		9,011		149
Consumer		—		—		—		—		—
Total loans	$	92,023	$	135,902	$	8,602	$	75,584	$	741

(a) Impaired Cost Recovery loans generally will not have an allowance as the balance is charged down as the impairment is recognized.

			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
December 31, 2011	Investment		Balance		Allowance		Investment		Recognized
	(In thousands)
Originated loans:
With no related allowance recorded:
Commercial	$	10,177	$	24,935	$	—	$	13,992	$	359
Residential mortgages		1,153		1,957		—		1,087		58
Consumer		—		—		—		—		—
		11,330		26,892		—		15,079		417
With an allowance recorded:
Commercial		28,034		33,168		6,988		31,959		254
Residential mortgages		4,090		5,360		551		5,007		7
Consumer		—		—		—		—		—
		32,124		38,528		7,539		36,966		261
Total:
Commercial		38,211		58,103		6,988		45,951		613
Residential mortgages		5,243		7,317		551		6,094		65
Consumer		—		—		—		—		—
Total originated loans	$	43,454	$	65,420	$	7,539	$	52,045	$	678
Covered loans:
With no related allowance recorded:
Commercial		17,874		21,757		—		4,469		—
Residential mortgages		429		845		—		1,847		—
Consumer		—		—		—		—		—
		18,303		22,602		—		6,316		—
With an allowance recorded:
Commercial		335		335		9		27,765		—
Residential mortgages		208		228		19		52		—
Consumer
		543		563		28		27,817		—
Total:
Commercial		18,209		22,092		9		32,234		—
Residential mortgages		637		1,073		19		1,899		—
Consumer		—		—		—		—		—
Total covered loans	$	18,846	$	23,165	$	28	$	34,133	$	—
Total loans:
With no related allowance recorded:
Commercial		28,051		46,692		—		18,461		359
Residential mortgages		1,582		2,802		—		2,934		58
Consumer		—		—		—		—		—
		29,633		49,494		—		21,395		417
With an allowance recorded:
Commercial		28,369		33,503		6,997		59,724		254
Residential mortgages		4,298		5,588		570		5,059		7
Consumer		—		—		—		—		—
		32,667		39,091		7,567		64,783		261
Total:
Commercial		56,420		80,195		6,997		78,185		613
Residential mortgages		5,880		8,390		570		7,993		65
Consumer		—		—		—		—		—
Total loans	$	62,300	$	88,585	$	7,567	$	86,178	$	678

No acquired loans were evaluated individually for impairment at September 30, 2012 or December 31, 2011.

Covered loans and loans acquired with existing credit impairment with an accretable yield are considered to be current in the following delinquency table. Certain covered loans accounted for using the cost recovery method are disclosed according to their contractual payment status below. The following table presents the age analysis of past due loans at September 30, 2012 and December 31, 2011:

													Recorded
					Greater than								investment
	30-59 days		60-89 days		90 days		Total				Total		> 90 days
September 30, 2012	past due		past due		past due		past due		Current		Loans		and accruing
	(In thousands)
Originated loans:
Commercial	$	21,202	$	9,456	$	64,986	$	95,644	$	4,370,092	$	4,465,736	$	4,019
Residential mortgages		118		2,175		9,120		11,413		746,058		757,471		—
Consumer		5,338		1,333		5,014		11,685		1,346,302		1,357,987		2,404
Total	$	26,658	$	12,964	$	79,120	$	118,742	$	6,462,452	$	6,581,194	$	6,423
Acquired loans:
Commercial	$	18,413	$	6,226	$	8,694	$	33,333	$	3,511,676	$	3,545,009	$	1,435
Residential mortgages		2,930		2,346		6,439		11,715		520,836		532,551		1,020
Consumer		625		293		1,939		2,857		217,105		219,962		28
Total	$	21,968	$	8,865	$	17,072	$	47,905	$	4,249,617	$	4,297,522	$	2,483
Covered loans:
Commercial	$	—	$	—	$	5,028	$	5,028	$	171,696	$	176,724	$	—
Residential mortgages		—		—		393		393		271,225		271,618		—
Consumer		—		—		—		—		107,390		107,390		—
Total	$	—	$	—	$	5,421	$	5,421	$	550,311	$	555,732	$	—
Total loans:
Commercial	$	39,615	$	15,682	$	78,708	$	134,005	$	8,053,464	$	8,187,469	$	5,454
Residential mortgages		3,048		4,521		15,952		23,521		1,538,119		1,561,640		1,020
Consumer		5,963		1,626		6,953		14,542		1,670,797		1,685,339		2,432
Total	$	48,626	$	21,829	$	101,613	$	172,068	$	11,262,380	$	11,434,448	$	8,906
													Recorded
					Greater than								investment
	30-59 days		60-89 days		90 days		Total				Total		> 90 days
December 31, 2011	past due		past due		past due		past due		Current		Loans		and accruing
	(In thousands)
Originated loans:
Commercial	$	23,996	$	943	$	58,867	$	83,806	$	3,242,166	$	3,325,972	$	3,821
Residential mortgages		17,884		4,364		25,400		47,648		439,499		487,147		994
Consumer		1,803		2,481		3,911		8,195		1,066,416		1,074,611		56
Total	$	43,683	$	7,788	$	88,178	$	139,649	$	4,748,081	$	4,887,730	$	4,871
Acquired loans:
Commercial	$	—	$	—	$	—	$	—	$	4,496,644	$	4,496,644	$	—
Residential mortgages		—		—		—		—		734,669		734,669		—
Consumer		1,698		430		2,126		4,254		382,286		386,540		1,009
Total	$	1,698	$	430	$	2,126	$	4,254	$	5,613,599	$	5,617,853	$	1,009
Covered loans:
Commercial	$	—	$	—	$	18,209	$	18,209	$	221,333	$	239,542	$	—
Residential mortgages		—		—		637		637		285,045		285,682		—
Consumer		—		—		—		—		146,219		146,219		—
Total	$	—	$	—	$	18,846	$	18,846	$	652,597	$	671,443	$	—
Total loans:
Commercial	$	23,996	$	943	$	77,076	$	102,015	$	7,960,143	$	8,062,158	$	3,821
Residential mortgages		17,884		4,364		26,037		48,285		1,459,213		1,507,498		994
Consumer		3,501		2,911		6,037		12,449		1,594,921		1,607,370		1,065
Total	$	45,381	$	8,218	$	109,150	$	162,749	$	11,014,277	$	11,177,026	$	5,880

The following table presents the credit quality indicators of the Company’s various classes of loans at September 30, 2012 and December 31, 2011. December 31, 2011 commercial-originated and commercial-acquired, pass and substandard grades, were restated due to the correction of a misclassification. Commercial-originated pass was overstated with commercial-originated substandard understated by $91.6 million. Commercial-acquired pass was understated and commercial-acquired substandard was overstated by the same amount. Portfolio totals by risk grade were unchanged.

Commercial Credit Exposure

Credit Risk Profile by Internally Assigned Grade

	September 30, 2012								December 31, 2011
	Commercial -		Commercial -		Commercial -		Total		Commercial -		Commercial -		Commercial -		Total
	originated		acquired		covered		commercial		originated		acquired		covered		commercial
	(In thousands)								(In thousands)
Grade:
Pass	$	4,027,383	$	3,239,019	$	31,170	$	7,297,572	$	3,019,100	$	3,974,463	$	16,843	$	7,010,406
Pass-Watch		85,989		76,231		20,285		182,505		76,393		60,042		13,606		150,041
Special Mention		79,617		42,967		6,720		129,304		35,155		125,852		9,368		170,375
Substandard		272,267		186,541		55,677		514,485		194,900		334,357		124,371		653,628
Doubtful		480		251		62,865		63,596		424		1,930		75,242		77,596
Loss		—		—		7		7		—		—		112		112
Total	$	4,465,736	$	3,545,009	$	176,724	$	8,187,469	$	3,325,972	$	4,496,644	$	239,542	$	8,062,158
Residential Mortgage Credit Exposure Credit Risk Profile by Internally Assigned Grade
	September 30, 2012								December 31, 2011
	Residential		Residential		Residential		Total		Residential		Residential		Residential		Total
	mortgages -		mortgages -		mortgages -		residential		mortgages -		mortgages -		mortgages -		residential
	originated		acquired		covered		mortgages		originated		acquired		covered		mortgages
	(In thousands)								(In thousands)
Grade:
Pass	$	730,385	$	491,450	$	128,240	$	1,350,075	$	460,261	$	673,751	$	120,180	$	1,254,192
Pass-Watch		3,422		3,686		15,000		22,108		7,499		1,773		18,133		27,405
Special Mention		784		5,879		3,050		9,713		542		9,686		3,286		13,514
Substandard		22,880		31,480		107,184		161,544		18,845		48,581		139,643		207,069
Doubtful		—		56		18,144		18,200		—		878		4,440		5,318
Loss		—		—		—		—		—		—		—		—
Total	$	757,471	$	532,551	$	271,618	$	1,561,640	$	487,147	$	734,669	$	285,682	$	1,507,498
Consumer Credit Exposure Credit Risk Profile Based on Payment Activity
	September 30, 2012								December 31, 2011
	Consumer -		Consumer -		Consumer -		Total		Consumer -		Consumer -		Consumer -		Total
	originated		acquired		covered		Consumer		originated		acquired		covered		Consumer
	(In thousands)								(In thousands)
Performing	$	1,353,399	$	217,482	$	107,390	$	1,678,271	$	1,070,756	$	385,423	$	146,219	$	1,602,398
Nonperforming		4,588		2,480		—		7,068		3,855		1,117		—		4,972
Total	$	1,357,987	$	219,962	$	107,390	$	1,685,339	$	1,074,611	$	386,540	$	146,219	$	1,607,370

Loan review uses a risk-focused continuous monitoring program that provides for an independent, objective and timely review of credit risk within the company.

Below are the definitions of the Company’s internally assigned grades:

Commercial:

• Pass - loans properly approved, documented, collateralized, and performing which do not reflect an abnormal credit risk.

• Pass - Watch - Credits in this category are of sufficient risk to cause concern. This category is reserved for credits that display negative performance trends. The “Watch” grade should be regarded as a transition category.

• Special Mention - These credits exhibit some signs of “Watch,” but to a greater magnitude. These credits constitute an undue and unwarranted credit risk, but not to a point of justifying a classification of “Substandard.” They have weaknesses that, if not checked or corrected, weaken the asset or inadequately protect the bank.

• Substandard - These credits constitute an unacceptable risk to the bank. They have recognized credit weaknesses that jeopardize the repayment of the debt. Repayment sources are marginal or unclear.

• Doubtful - A Doubtful credit has all of the weaknesses inherent in one classified “Substandard” with the added characteristic that weaknesses make collection in full highly questionable or improbable.

• Loss - Credits classified as Loss are considered uncollectable and are charged off promptly once so classified.

Consumer:

• Performing – Loans on which payments of principal and interest are less than 90 days past due.

• Non-performing – A non-performing loan is a loan that is in default or close to being in default and there are good reasons to doubt that payments will be made in full. All loans rated as non-accrual are also non-performing.

The Company held $51.1 million and $72.4 million, respectively, in loans held for sale at September 30, 2012 and December 31, 2011. Of the $51.1 million, $4.9 million are problem commercial loans held for sale. The remainder of $46.2 million represents mortgage loans originated for sale, which are carried at the lower of cost or estimated fair value. Residential mortgage loans are originated on a best-efforts basis, whereby a commitment by a third party to purchase the loan has been received concurrent with the Banks’ commitment to the borrower to originate the loan.

Changes in the carrying amount of acquired impaired loans and accretable yield are presented in the following table for the nine months ended September 30, 2012 and the year ended December 31, 2011:

	September 30, 2012												December 31, 2011
	Covered						Non-covered						Covered						Non-covered
	Carrying						Carrying						Carrying						Carrying
	Amount			Accretable			Amount			Accretable			Amount			Accretable			Amount			Accretable
	of Loans			Yield			of Loans			Yield			of Loans			Yield			of Loans			Yield
(In thousands)
Balance at beginning of period	$	671,443		$	153,137		$	339,452		$	130,691		$	809,459		$	107,638		$	—		$	—
Additions		—			—			—			—			—			—			535,489			132,136
Payments received, net		(150,344	)		—			(181,287	)		—			(193,432	)		—			(206,306	)		—
Accretion		34,633			(34,633	)		38,826			(38,826	)		55,416			(55,416	)		10,269			(22,719	)
Decrease in expected cash flows based on actual cash flow and changes in cash flow assumptions		—			(9,807	)		—			(6,180	)		—			(18,930	)		—			(26,630	)
Net transfers from nonaccretable difference to accretable yield		—			18,967			—			95,308			—			119,845			—			47,904
Balance at end of period	$	555,732		$	127,664		$	196,991		$	180,993		$	671,443		$	153,137		$	339,452		$	130,691

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Securities

9 Months Ended

Sep. 30, 2012

Securities

3. Securities

The amortized cost and fair value of securities classified as available for sale and held to maturity follow (in thousands):

Securitites Available for Sale
	September 30, 2012								December 31, 2011
	Amortized		Gross Unrealized		Gross Unrealized		Fair		Amortized		Gross Unrealized		Gross Unrealized		Fair
	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
U.S. Treasury	$	150	$	10	$	—	$	160	$	150	$	14	$	—	$	164
U.S. government agencies		18,201		47		—		18,248		248,595		1,308		—		249,903
Municipal obligations		74,967		1,168		3		76,132		294,489		15,218		42		309,665
Mortgage-backed securities		1,826,624		77,908		12		1,904,520		2,422,891		58,150		696		2,480,345
CMOs		199,792		937		33		200,696		1,426,495		21,774		2,193		1,446,076
Corporate debt securities		3,750		—		—		3,750		4,517		11		34		4,494
Other equity securities		4,529		764		10		5,283		4,208		2,086		41		6,253
	$	2,128,013	$	80,834	$	58	$	2,208,789	$	4,401,345	$	98,561	$	3,006	$	4,496,900

Securitites Held to Maturity
	September 30, 2012								December 31, 2011
			Gross		Gross						Gross		Gross
	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value		Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Municipal obligations	$	174,362	$	16,510	$	5	$	190,867		—		—		—		—
Mortgage-backed securities		195,070		4,816		—		199,886		—		—		—		—
CMOs		1,475,050		25,039		1,706		1,498,383		—		—		—		—
	$	1,844,482	$	46,365	$	1,711	$	1,889,136		—		—		—		—

During the first quarter of 2012, the Company reclassified approximately $1.5 billion of securities available for sale as securities held to maturity. As a result of the acquisition of Whitney National Bank, the securities portfolio increased to such a size that the company determined that only a portion of the portfolio is needed to be held for sale for liquidity purposes. The securities reclassified consisted primarily of CMOs and in-market municipal securities. The securities were transferred at fair value, which became the cost basis for the securities held to maturity. The unrealized net holding gain on the available for sale securities on the date of transfer totaled approximately $39 million, and continued to be reported, net of tax, as a component of accumulated other comprehensive income. This net unrealized gain is being accreted to interest income over the remaining life of the securities as a yield adjustment, which serves to offset the impact of the amortization of the net premium created in the transfer. There were no gains or losses recognized as a result of this transfer.

The following table presents the amortized cost and fair value of debt securities classified as available for sale and held to maturity at September 30, 2012, by contractual maturity (in thousands). Actual maturities will differ from contractual maturities because of rights to call or repay obligations with or without penalties.

	Amortized		Fair
	Cost		Value
Debt Securities Available for Sale
Due in one year or less	$	53,882	$	54,121
Due after one year through five years		195,876		197,715
Due after five years through ten years		338,242		351,122
Due after ten years		1,535,484		1,600,548
Total available for sale debt securities	$	2,123,484	$	2,203,506

	Amortized		Fair
	Cost		Value
Debt Securities Held to Maturity
Due in one year or less	$	16,868	$	16,996
Due after one year through five years		428,653		436,073
Due after five years through ten years		101,657		111,686
Due after ten years		1,297,304		1,324,381
Total held to maturity securities	$	1,844,482	$	1,889,136

The Company held no securities classified as trading at September 30, 2012 or December 31, 2011. The Company held no securities classified as held to maturity at December 31, 2011.

The details concerning securities classified as available for sale with unrealized losses as of September 30, 2012 follow (in thousands):

Available for sale
	Losses < 12 months				Losses 12 months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
U.S. Treasury	$	—	$	—	$	—	$	—	$	—	$	—
U.S. government agencies		—		—		—		—		—		—
Municipal obligations		545		3		960		1		1,505		4
Mortgage-backed securities		1,587		2		1,348		9		2,935		11
CMOs		49,995		33		—		—		49,995		33
Corporate debt securities		—		—		—		—		—		—
Equity securities		—		—		217		10		217		10
	$	52,127	$	38	$	2,525	$	20	$	54,652	$	58

The details concerning securities classified as available for sale with unrealized losses as of December 31, 2011 follow (in thousands):

Available for sale
	Losses < 12 months				Losses 12 months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
U.S. Treasury	$	—	$	—	$	—	$	—	$	—	$	—
U.S. government agencies		—		—		—		—		—		—
Municipal obligations		18,854		42		—		—		18,854		42
Mortgage-backed securities		212,900		692		337		4		213,237		696
CMOs		296,860		2,193		—		—		296,860		2,193
Corporate debt securities		398		34		—		—		398		34
Equity securities		1,685		39		2		2		1,687		41
	$	530,697	$	3,000	$	339	$	6	$	531,036	$	3,006

The details concerning securities classified as held to maturity with unrealized losses as of September 30, 2012 follow (in thousands):

Held to maturity
	Losses < 12 months				Losses 12 months or >				Total
			Gross				Gross				Gross
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
Municpal obligations	$	1,862	$	5	$	—	$	—		1,862	$	5
CMOs		308,580		747		74,499		959		383,079	$	1,706
	$	310,442	$	752	$	74,499	$	959	$	384,941	$	1,711

Substantially all of the unrealized losses relate mainly to changes in market rates on fixed-rate debt securities since the respective purchase date. In all cases, the indicated impairment would be recovered no later than the security’s maturity date or possibly earlier if the market price for the security increases with a reduction in the yield required by the market. None of the unrealized losses relate to the marketability of the securities or the obligor’s ability to honor redemption of the obligations. The Company has adequate liquidity and, therefore, does not plan to sell and, more likely than not, will not be required to sell these securities before full recovery of the indicated impairment. Accordingly, the unrealized losses on these securities have been determined to be temporary.

Securities with a fair value of approximately $2.4 billion at September 30, 2012 and $3.0 billion at December 31, 2011 were pledged primarily to secure public deposits or securities sold under agreements to repurchase.

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Fair Value (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present for each of the fair value hierarchy levels the Company’s assets and liabilities that are measured at fair value (in thousands) on a recurring basis in the consolidated balance sheets.

	September 30, 2012
	(Level 1)		(Level 2)		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	18,408	$	—	$	18,408
Municipal obligations		—		76,132		76,132
Corporate debt securities		3,750		—		3,750
Mortgage-backed securities		—		1,904,520		1,904,520
Collateralized mortgage obligations		—		200,696		200,696
Equity securities		5,283		—		5,283
Total available-for-sale securities		27,441		2,181,348		2,208,789
Derivatives
Interest rate contracts - assets		—		21,198		21,198
Total recurring fair value measurements - assets	$	27,441	$	2,202,546	$	2,229,987
Liabilities
Derivatives
Interest rate contracts - liabilities	$	—	$	22,423	$	22,423
Total recurring fair value measurements - liabilities	$	—	$	22,423	$	22,423

	December 31, 2011
	(Level 1)		(Level 2)		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	250,067	$	—	$	250,067
Municipal obligations		—		309,665		309,665
Corporate debt securities		4,494		—		4,494
Mortgage-backed securities		—		2,480,345		2,480,345
Collateralized mortgage obligations		—		1,446,076		1,446,076
Equity securities		6,253		—		6,253
Total available-for-sale securities		260,814		4,236,086		4,496,900
Derivatives
Interest rate contracts - assets		—		14,952		14,952
Total recurring fair value measurements - assets	$	260,814	$	4,251,038	$	4,511,852
Liabilities
Derivatives
Interest rate contracts - liabilities	$	—	$	15,643	$	15,643
Total recurring fair value measurements - liabilities	$	—	$	15,643	$	15,643

Schedule of Financial Assets Measured at Fair Value on Nonrecurring Basis

The following tables present for each of the fair value hierarchy levels the Company’s financial assets that are measured at fair value (in thousands) on a nonrecurring basis.

	September 30, 2012
	(Level 1)		(Level 2)		Total
Collateral dependent impaired loans	$	—	$	77,259	$	77,259
Other real estate owned		—		130,046		130,046
Total nonrecurring fair value measurements	$	—	$	207,305	$	207,305
	December 31, 2011
	(Level 1)		(Level 2)		Total
Collateral dependent impaired loans	$	—	$	55,252	$	55,252
Other real estate owned		—		144,367		144,367
Total nonrecurring fair value measurements	$	—	$	199,619	$	199,619

Schedule of Estimated Fair Values of Financial Instruments

The following tables present the estimated fair values of the Company’s financial instruments by fair value hierarchy levels and the corresponding carrying amount at September 30, 2012 and December 31, 2011 (in thousands):

	September 30, 2012
							Total		Carrying
	(Level 1)		(Level 2)		(Level 3)		Fair Value		Amount
Financial assets:
Cash, interest-bearing bank deposits, and federal funds sold	$	734,680	$	—	$	—	$	734,680	$	734,680
Available for sale securities		27,441		2,181,348		—		2,208,789		2,208,789
Held to maturity securities		—		1,889,136		—		1,889,136		1,844,482
Loans, net		—		77,259		11,484,291		11,561,550		11,298,857
Loans held for sale		—		50,389		—		50,389		50,389
Accrued interest receivable		47,607		—		—		47,607		47,607
Derivative financial instruments		—		21,198		—		21,198		21,198
Financial liabilities:
Deposits	$	—	$	—	$	14,789,902	$	14,789,902	$	14,772,951
Federal funds purchased		29,521		—		—		29,521		29,521
Securities sold under agreements to repurchase		719,113		—		—		719,113		719,113
Long-term debt		—		333,371		—		333,371		308,327
Accrued interest payable		6,526		—		—		6,526		6,526
Derivative financial instruments		—		22,423		—		22,423		22,423

	December 31, 2011
							Total		Carrying
	(Level 1)		(Level 2)		(Level 3)		Fair Value		Amount
Financial assets:
Cash, interest-bearing bank deposits, and federal funds sold	$	1,622,366	$	—	$	—		1,622,366	$	1,622,366
Available for sale securities		260,814		4,236,086		—		4,496,900		4,496,900
Loans, net		—		55,252		11,134,410		11,189,662		11,052,144
Loans held for sale		—		72,378		—		72,378		72,378
Accrued interest receivable		53,973		—		—		53,973		53,973
Derivative financial instruments		—		14,952		—		14,952		14,952
Financial liabilities:
Deposits	$	—	$	—	$	15,737,667	$	15,737,667	$	15,713,579
Federal funds purchased		16,819		—		—		16,819		16,819
Securities sold under agreements to repurchase		1,027,635		—		—		1,027,635		1,027,635
Long-term debt		—		365,421		—		365,421		353,890
Accrued interest payable		8,284		—		—		8,284		8,284
Derivative financial instruments		—		15,643		—		15,643		15,643

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Segment Reporting

9 Months Ended

Sep. 30, 2012

Segment Reporting

11. Segment Reporting

The Company’s reportable operating segments consist of the Hancock segment, which coincides with the Company’s Hancock Bank subsidiary, and the Whitney segment, which coincides with its Whitney Bank subsidiary. Each of the bank segments offers commercial, consumer and mortgage loans and deposit services as well as certain other services, such as trust and treasury management services. Although the bank segments offer the same products and services, they are managed separately due to different pricing, product demand, and consumer markets. On June 4, 2011, the Company completed its acquisition of Whitney Holding Corporation, the parent of Whitney National Bank. Whitney National Bank was merged into Hancock Bank of Louisiana and the combined entity was renamed Whitney Bank. Prior to the merger the segment now called Whitney Bank was comprised generally of Hancock Bank Louisiana. On March 15, 2012 Whitney Bank transferred the assets and liabilities of its operations in Florida, Alabama and Mississippi to Hancock Bank. In the following tables, the “Other” column includes activities of other consolidated subsidiaries which do not constitute reportable segments under the quantitative and aggregation accounting guidelines. These subsidiaries provide investment services, insurance agency services, insurance underwriting and various other services to third parties.

	Three Months Ended September 30, 2012
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	73,558		$	110,917		$	6,068		$	(1,338	)	$	189,205
Interest expense		(5,402	)		(5,669	)		(2,100	)		1,222		$	(11,949	)
Net interest income		68,156			105,248			3,968			(116	)		177,256
Provision for loan losses		(4,814	)		(2,353	)		(934	)		—			(8,101	)
Noninterest income		20,205			31,938			10,722			(23	)		62,842
Depreciation and amortization		(3,830	)		(3,981	)		(256	)		—			(8,067	)
Other noninterest expense		(59,821	)		(90,087	)		(11,761	)		22			(161,647	)
Securities transactions		94			823			—			—			917
Income before income taxes		19,989			41,588			1,739			(117	)		63,200
Income tax expense		5,433			10,130			653			—			16,216
Net income	$	14,556		$	31,458		$	1,086		$	(117	)	$	46,984
Goodwill	$	94,130		$	530,265		$	4,482		$	—		$	628,877
Total assets	$	6,390,378		$	12,343,043		$	2,737,061		$	(2,946,352	)	$	18,524,130
Total interest income from affiliates	$	1,010		$	328		$	—		$	(1,338	)	$	—
Total interest income from external customers	$	72,548		$	110,589		$	6,068		$	—		$	189,205
	Three Months Ended September 30, 2011
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	49,925		$	144,049		$	5,051		$	(1,330	)	$	197,695
Interest expense		(9,230	)		(10,593	)		(2,044	)		1,214		$	(20,653	)
Net interest income		40,695			133,456			3,007			(116	)		177,042
Provision for loan losses		(2,651	)		(6,278	)		(327	)		—			(9,256	)
Noninterest income		22,425			37,471			5,048			(7	)		64,937
Depreciation and amortization		(2,062	)		(4,144	)		(177	)		—			(6,383	)
Other noninterest expense		(47,933	)		(133,643	)		(6,083	)		23			(187,636	)
Securitites transactions		—			—			16			—			16
Income before income taxes		10,474			26,862			1,484			(100	)		38,720
Income tax expense		2,220			5,285			837			—			8,342
Net income	$	8,254		$	21,577		$	647		$	(100	)	$	30,378
Goodwill	$	23,386		$	601,820		$	4,482		$	—		$	629,688
Total assets	$	4,949,379		$	14,121,103		$	2,915,127		$	(2,569,920	)	$	19,415,689
Total interest income from affiliates	$	1,080		$	250		$	—		$	(1,330	)	$	—
Total interest income from external customers	$	48,845		$	143,799		$	5,051		$	—		$	197,695

				Nine Months Ended September 30, 2012
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	201,525		$	355,776		$	17,839		$	(3,730	)	$	571,410
Interest expense		(17,587	)		(19,915	)		(6,290	)		3,385			(40,407	)
Net interest income		183,938			335,861			11,549			(345	)		531,003
Provision for loan losses		(7,313	)		(18,696	)		(132	)		—			(26,141	)
Noninterest income		59,644			98,122			30,149			(27	)		187,888
Depreciation and amortization		(10,884	)		(13,596	)		(749	)		—			(25,229	)
Other noninterest expense		(174,796	)		(320,985	)		(34,166	)		27			(529,920	)
Securities transactions		98			824			7			—			929
Income before income taxes		50,687			81,530			6,658			(345	)		138,530
Income tax expense		11,808			18,938			3,001			—			33,747
Net income	$	38,879		$	62,592		$	3,657		$	(345	)	$	104,783
Goodwill	$	94,130		$	530,265		$	4,482		$	—		$	628,877
Total assets	$	6,390,378		$	12,343,043		$	2,737,061		$	(2,946,352	)	$	18,524,130
Total interest income from affiliates	$	3,033		$	697		$	—		$	(3,730	)	$	—
Total interest income from external customers	$	198,492		$	355,079		$	17,839		$	—		$	571,410
				Nine Months Ended September 30, 2011
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	146,915		$	237,907		$	14,684		$	(3,801	)	$	395,705
Interest expense		(31,262	)		(20,661	)		(4,372	)		3,455			(52,840	)
Net interest income		115,653			217,246			10,312			(346	)		342,865
Provision for loan losses		(13,615	)		(11,981	)		(1,625	)		—			(27,221	)
Noninterest income		66,506			65,356			13,998			(26	)		145,834
Depreciation and amortization		(6,572	)		(6,634	)		(532	)		—			(13,738	)
Other noninterest expense		(132,716	)		(223,755	)		(18,268	)		73			(374,666	)
Securities transactions		(51	)		20			(40	)		—			(71	)
Income before income taxes		29,205			40,252			3,845			(299	)		73,003
Income tax expense		4,790			8,737			1,683			—			15,210
Net income	$	24,415		$	31,515		$	2,162		$	(299	)	$	57,793
Goodwill	$	23,386		$	601,820		$	4,482		$	—		$	629,688
Total assets	$	4,949,379		$	14,121,103		$	2,915,127		$	(2,569,920	)	$	19,415,689
Total interest income from affiliates	$	3,347		$	454		$	—		$	(3,801	)	$	—
Total interest income from external customers	$	143,568		$	237,453		$	14,684		$	—		$	395,705

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Share-Based Payment Arrangements

9 Months Ended

Sep. 30, 2012

Share-Based Payment Arrangements

7. Share-Based Payment Arrangements

Stock Option Plans

Hancock maintains incentive compensation plans that provide for awards of share-based compensation for employees and directors. These plans have been approved by the Company’s shareholders. Detailed descriptions of these plans were included in Note 13 to the consolidated financial statements in the Company’s annual report on Form 10-K for the year ended December 31, 2011.

A summary of option activity for the nine months ended September 30, 2012 is presented below:

Options	Number of Shares			Weighted- Average Exercise Price ($)		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value ($000)
Outstanding at January 1, 2012		1,686,907		$	41.05
Granted		152,140			29.73
Exercised		(41,099	)		22.33
Forfeited or expired		(199,299	)		57.67
Outstanding at September 30, 2012		1,598,649		$	38.38		5.4	$	977
Exercisable at September 30, 2012		955,215		$	42.29		3.4	$	584

152,140 stock options were granted on May 24, 2012 with a fair value on the grant date of $8.43 per share. The fair value of each option award was estimated as of the grant date using the Black-Scholes-Merton option-pricing model. The significant assumptions made in applying the option-pricing model are noted in the following table. Expected volatilities are based on implied volatilities from traded options on the Company’s stock, historical volatility of the Company’s stock and other factors. The expected term of options granted was derived from the output of the option valuation model and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option was based on the U.S. Treasury yield curve in effect at the time of the grant.

Expected volatility	38.64	%
Dividend yield	3.23	%
Expected term	6.58 years
Risk-free interest rate	1.78	%

The total intrinsic value of options exercised during the nine months ended September 30, 2012 and 2011 was $0.5 million and $0.1 million, respectively.

A summary of the status of the Company’s nonvested restricted share awards as of September 30, 2012, and changes during the nine months ended September 30, 2012, is presented below. These restricted shares are subject to service requirements.

	Number of Shares			Weighted- Average Grant-Date Fair Value ($)
Nonvested at January 1, 2012		1,460,776		$	25.66
Granted		536,252			23.51
Vested		(28,032	)		40.54
Forfeited		(91,204	)		30.03
Nonvested at September 30, 2012		1,877,792		$	24.62

Hancock also makes annual grants of performance stock to key members of executive and senior management. On January 26, 2012, Hancock granted a target award of 14,858 performance shares and on May 24, 2012, Hancock granted a target award of 12,939 performance shares with a fair value on the grant date of $36.16 per share. The number of 2012 performance shares that ultimately vest at the end of the three-year required service period will be based on the relative rank of Hancock’s three-year total shareholder return (TSR) among the TSRs of a peer group of fifty regional banks. The maximum number of performance shares that could vest is 200% of the target award. The fair value of this award at the grant date was determined using a Monte Carlo simulation method. Compensation expense for these performance shares will be recognized on a straight-line basis over the service period.

As of September 30, 2012, there was $30.4 million of total unrecognized compensation expense related to nonvested restricted shares and performance shares. This compensation is expected to be recognized in expense over a weighted-average period of 3.3 years. The total fair value of restricted shares which vested during the nine months ended September 30, 2012 and 2011 was $0.9 million and $8.0 million, respectively.

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Share-Based Payment Arrangements - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	9 Months Ended			9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	May 24, 2012	Sep. 30, 2012 Performance Share Awards [Member]	May 24, 2012 Performance Share Awards [Member]	Jan. 26, 2012 Performance Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option ,granted			152,140
Fair Value on grant date			$ 8.43
Fair value method used	Black-Scholes-Merton option-pricing model
Intrinsic value of options exercised	$ 0.5	$ 0.1
Shares granted to key members of executives and senior management					12,939	14,858
Fair value of shares granted					$ 36.16
Percentage of maximum number of shares earned of target award				200.00%
Shareholder return period	3 years
Unrecognized compensation cost	30.4
Weighted-average period in years	3 years 3 months 18 days
Total fair value of shares vested	$ 0.9	$ 8.0

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Derivatives

9 Months Ended

Sep. 30, 2012

Derivatives

5. Derivatives

Risk Management Objective of Using Derivatives

The Company enters into derivative financial instruments to manage risks related to differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments, currently related to our variable rate borrowing. The Company has also entered into interest rate derivative agreements as a service provided to certain qualifying customers. The Company manages a matched book with respect to its customer derivatives in order to minimize its net risk exposure resulting from such agreements.

Fair Values of Derivative Instruments on the Balance Sheet

The Company has made an accounting policy election to use the exception in Accounting Standards Codification (ASC) 820-10-35-18D (commonly referred to as the “portfolio exception”) with respect to measuring counterparty credit risk for derivative instruments, consistent with the guidance in ASC 820-10-35-18G. The table below presents the fair value (in thousands) of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of September 30, 2012 and December 31, 2011.

Fair Values of Derivative Instruments

	Asset Derivatives						Liability Derivatives
	As of September 30, 2012			As of December 31, 2011			As of September 30, 2012			As of December 31, 2011
	Balance			Balance			Balance			Balance
	Sheet	Fair		Sheet	Fair		Sheet	Fair		Sheet	Fair
	Location	Value		Location	Value		Location	Value		Location	Value
Derivatives designated as hedging instruments
Interest rate products	Other assets	$	—	Other assets	$	—	Other liabilities	$	437	Other liabilities	$	107
Total derivatives designated as hedging instruments		$	—		$	—		$	437		$	107
Derivatives not designated as hedging instruments
Interest rate products	Other assets	$	21,198	Other assets	$	14,952	Other liabilities	$	21,986	Other liabilities	$	15,536
Total derivatives not designated as hedging instruments		$	21,198		$	14,952		$	21,986		$	15,536

Cash Flow Hedges of Interest Rate Risk

The Company’s objectives in using interest rate derivatives are to decrease volatility in interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps. For hedges of the Company’s variable-rate borrowings, interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed payments. As of September 30, 2012, the Company had one interest rate swap with an aggregate notional amount of $140.0 million that was designated as a cash flow hedge of the Company’s forecasted variable cash flows under a variable-rate term loan agreement.

The effective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in accumulated other comprehensive income (“AOCI”) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The impact on AOCI was insignificant during 2011, and the impact of reclassifications on earnings during 2012 has been and is expected to continue to be insignificant. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. No hedge ineffectiveness was recognized during the three or nine months ended September 30, 2012. Amounts reported in AOCI related to these derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate liabilities. During the next twelve months, the Company estimates that $0.4 million will be reclassified as a decrease to interest expense.

Derivatives Not Designated as Hedges

The Company’s derivatives not designated as hedges result from a service the Banks provide to certain customers and are not speculative in nature. The Banks execute interest rate derivatives, primarily rate swaps, with commercial banking customers to facilitate their risk management strategies. The Banks simultaneously enters into offsetting agreements with unrelated financial institutions, thereby minimizing its net risk exposure resulting from such transactions. As the interest rate derivatives associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings. As of September 30, 2012, the Banks had entered into interest rate derivatives, including both customer and offsetting agreements, with an aggregate notional amount of $888.4 million related to this program.

Effect of Derivative Instruments on the Income Statement

The effect of the Company’s derivative financial instruments on the income statement was immaterial for the three and nine months ended September 30, 2012 and 2011.

Credit-risk-related Contingent Features

Certain of the Banks’ derivative instruments contain provisions allowing the financial institution counterparty to terminate the contracts in certain circumstances, such as the downgrade of the Banks’ credit ratings below specified levels, a default by the Bank on its indebtedness, or the failure of a Bank to maintain specified minimum regulatory capital ratios or its regulatory status as a well-capitalized institution. These derivative agreements also contain provisions regarding the posting of collateral by each party. As of September 30, 2012, the aggregate fair value of derivative instruments with credit-risk-related contingent features that were in a net liability position was $18.9 million, for which the Banks had posted collateral of $17.5 million.

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Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share

6. Earnings Per Share

Hancock calculates earnings per share using the two-class method. The two-class method allocates net income to each class of common stock and participating security according to common dividends declared and participation rights in undistributed earnings. Participating securities consist of unvested stock-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents.

Following is a summary of the information used in the computation of earnings per common share using the two-class method (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Numerator:
Net income to common shareholders	$	46,984	$	30,378	$	104,783	$	57,793
Net income allocated to participating securities - basic and diluted		281		101		844		252
Net income allocated to common shareholders - basic and diluted	$	46,703	$	30,277	$	103,939	$	57,541
Denominator:
Weighted-average common shares - basic		84,777		84,699		84,757		59,149
Dilutive potential common shares		855		286		768		293
Weighted average common shares - diluted		85,632		84,985		85,525		59,442
Earnings per common share:
Basic	$	0.55	$	0.36	$	1.23	$	0.97
Diluted	$	0.55	$	0.36	$	1.22	$	0.97

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Retirement Plans

9 Months Ended

Sep. 30, 2012

Retirement Plans

8. Retirement Plans

The Company has defined benefit pension plans covering legacy Hancock employees as well as plans covering certain legacy Whitney employees. The Whitney plans have been closed to new participants since 2008, and benefit accruals have been frozen for participants who did not meet certain vesting, age and years of service criteria as of December 31, 2008. The Company also sponsors defined benefit postretirement plans for both legacy Hancock and legacy Whitney employees that provide health care and life insurance benefits. Benefits under the Whitney plan are restricted to retirees who were already receiving benefits at the time of plan amendments in 2007 or active participants who were eligible to receive benefits as of December 31, 2007. The Company is in the process of reviewing all retirement benefit plans to determine appropriate changes needed to transition employees into the appropriate combined benefit plans.

The following tables show the components of net periodic benefits cost included in expense for both the Hancock and Whitney Plans for the three-month and nine-month periods of 2012 and 2011. The Whitney plans reflect amounts from the date of the merger in June 2011.

Hancock Plans

	Pension Benefits						Other Post- retirement  Benefits
	Three Months Ended September 30,
	2012			2011			2012			2011
	(In thousands)
Service cost	$	1,703		$	1,173		$	48		$	34
Interest cost		1,484			1,363			209			153
Expected return on plan assets		(2,101	)		(1,372	)		—			—
Amortization of prior service cost		—			—			(13	)		(13	)
Amortization of net loss		1,220			585			176			135
Amortization of transition obligation		—			—			1			1
Net periodic benefit cost	$	2,306		$	1,749		$	421		$	310
	Pension Benefits						Other Post- retirement  Benefits
	Nine Months Ended September 30,
	2012			2011			2012			2011
	(In thousands)
Service cost	$	5,109		$	3,517		$	144		$	103
Interest cost		4,451			4,089			627			458
Expected return on plan assets		(6,302	)		(4,117	)		—			—
Amortization of prior service cost		—			—			(41	)		(40	)
Amortization of net loss		3,660			1,757			530			404
Amortization of transition obligation		—			—			4			4
Net periodic benefit cost	$	6,918		$	5,246		$	1,264		$	929

Whitney Plans

	Pension Benefits										Other Post-
	Qualified						Nonqualified				retirement Benefits
	Three Months Ended September 30,
	2012			2011			2012		2011		2012		2011
	(In thousands)
Service cost	$	1,533		$	1,607		$	13	$	12	$	—	$	—
Interest cost		2,645			2,856			172		188		152		205
Expected return on plan assets		(4,249	)		(4,126	)		—		—		—		—
Amortization of prior service cost		—			—			—		—		—		—
Amortization of net loss		411			—			14		—		—		—
Amortization of transition obligation		—			—			—		—		—		—
Net periodic benefit cost	$	340		$	337		$	199	$	200	$	152	$	205
	Pension Benefits										Other Post-
	Qualified						Nonqualified				retirement Benefits
	Nine Months Ended September 30,
	2012			2011			2012		2011		2012		2011
	(In thousands)
Service cost	$	4,597		$	2,144		$	37	$	16	$	—	$	—
Interest cost		7,937			3,808			516		250		456		274
Expected return on plan assets		(12,747	)		(5,502	)		—		—		—		—
Amortization of prior service cost		—			—			—		—		—		—
Amortization of net loss		1,234			—			42		—		—		—
Amortization of transition obligation		—			—			—		—		—		—
Net periodic benefit cost	$	1,021		$	450		$	595	$	266	$	456	$	274

The Company contributed approximately $22 million to its pension plans for the first nine months in 2012 and anticipates making a total contribution of $26 million for all of 2012. The Company contributed approximately $1.3 million to its post-retirement plans for the first nine months in 2012. For the entire year, the Company anticipates a total contribution of $1.7 million in 2012.

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Retirement Plans - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$ 22.0
Anticipated contributions	26.0
Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	1.3
Anticipated contributions	$ 1.7

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Other Noninterest Expense - Components of Other Noninterest Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Other Noninterest Expense [Line Items]
Insurance expense	$ 1,207	$ 1,724	$ 4,428	$ 2,878
Ad valorem and franchise taxes	2,185	1,768	6,608	4,362
Printing and supplies	1,488	1,846	6,162	3,931
Public relations and contributions	1,065	1,067	4,827	2,291
Travel expense	1,282	1,183	4,464	2,248
Other real estate owned expense, net	4,590	3,528	11,630	6,829
Tax credit investment amortization	1,513	1,513	4,538	1,728
Other miscellaneous	4,488	11,829	19,311	18,466
Total other noninterest expense	$ 17,818	$ 24,458	$ 61,968	$ 42,733

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Retirement Plans - Components of Net Periodic Benefit Cost (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Whitney Plans [Member] | Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 152	$ 205	$ 456	$ 274
Net periodic benefit cost	152	205	456	274
Whitney Plans [Member] | Pension Benefits [Member] | Qualified Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1,533	1,607	4,597	2,144
Interest cost	2,645	2,856	7,937	3,808
Expected return on plan assets	(4,249)	(4,126)	(12,747)	(5,502)
Amortization of net loss	411		1,234
Net periodic benefit cost	340	337	1,021	450
Whitney Plans [Member] | Pension Benefits [Member] | Nonqualified Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	13	12	37	16
Interest cost	172	188	516	250
Amortization of net loss	14		42
Net periodic benefit cost	199	200	595	266
Hancock Plans [Member] | Other Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	48	34	144	103
Interest cost	209	153	627	458
Amortization of prior service cost	(13)	(13)	(41)	(40)
Amortization of net loss	176	135	530	404
Amortization of transition obligation	1	1	4	4
Net periodic benefit cost	421	310	1,264	929
Hancock Plans [Member] | Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1,703	1,173	5,109	3,517
Interest cost	1,484	1,363	4,451	4,089
Expected return on plan assets	(2,101)	(1,372)	(6,302)	(4,117)
Amortization of net loss	1,220	585	3,660	1,757
Net periodic benefit cost	$ 2,306	$ 1,749	$ 6,918	$ 5,246

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Fair Value - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	$ 2,208,789	$ 4,496,900
Total recurring fair value measurements - assets	2,229,987	4,511,852
Total recurring fair value measurements - liabilities	22,423	15,643
U.S. Treasury and government agency securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	18,408	250,067
Obligations of states and political subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	76,132	309,665
Corporate debt securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	3,750	4,494
Residential mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	1,904,520	2,480,345
CMOs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	200,696	1,446,076
Equity securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	5,283	6,253
Interest rate contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate contracts - assets	21,198	14,952
Interest rate contracts - liabilities	22,423	15,643
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	27,441	260,814
Total recurring fair value measurements - assets	27,441	260,814
Level 1 [Member] | U.S. Treasury and government agency securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	18,408	250,067
Level 1 [Member] | Corporate debt securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	3,750	4,494
Level 1 [Member] | Equity securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	5,283	6,253
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	2,181,348	4,236,086
Interest rate contracts - assets	21,198	14,952
Total recurring fair value measurements - assets	2,202,546	4,251,038
Interest rate contracts - liabilities	22,423	15,643
Total recurring fair value measurements - liabilities	22,423	15,643
Level 2 [Member] | Obligations of states and political subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	76,132	309,665
Level 2 [Member] | Residential mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	1,904,520	2,480,345
Level 2 [Member] | CMOs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	200,696	1,446,076
Level 2 [Member] | Interest rate contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate contracts - assets	21,198	14,952
Interest rate contracts - liabilities	$ 22,423	$ 15,643

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Loans and Allowance for Loan Losses - Summary of Age Analysis of Past Due Loans (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	$ 48,626	$ 45,381
60-89 past due	21,829	8,218
Greater than 90 days past due	101,613	109,150
Total past due	172,068	162,749
Current	11,262,380	11,014,277
Total Loans	11,434,448	11,177,026
Recorded investment > 90 days and accruing	8,906	5,880
Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	26,658	43,683
60-89 past due	12,964	7,788
Greater than 90 days past due	79,120	88,178
Total past due	118,742	139,649
Current	6,462,452	4,748,081
Total Loans	6,581,194	4,887,730
Recorded investment > 90 days and accruing	6,423	4,871
Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	21,968	1,698
60-89 past due	8,865	430
Greater than 90 days past due	17,072	2,126
Total past due	47,905	4,254
Current	4,249,617	5,613,599
Total Loans	4,297,522	5,617,853
Recorded investment > 90 days and accruing	2,483	1,009
Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Greater than 90 days past due	5,421	18,846
Total past due	5,421	18,846
Current	550,311	652,597
Total Loans	555,732	671,443
Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	39,615	23,996
60-89 past due	15,682	943
Greater than 90 days past due	78,708	77,076
Total past due	134,005	102,015
Current	8,053,464	7,960,143
Total Loans	8,187,469	8,062,158
Recorded investment > 90 days and accruing	5,454	3,821
Commercial loans [Member] | Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	21,202	23,996
60-89 past due	9,456	943
Greater than 90 days past due	64,986	58,867
Total past due	95,644	83,806
Current	4,370,092	3,242,166
Total Loans	4,465,736	3,325,972
Recorded investment > 90 days and accruing	4,019	3,821
Commercial loans [Member] | Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	18,413
60-89 past due	6,226
Greater than 90 days past due	8,694
Total past due	33,333
Current	3,511,676	4,496,644
Total Loans	3,545,009	4,496,644
Recorded investment > 90 days and accruing	1,435
Commercial loans [Member] | Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Greater than 90 days past due	5,028	18,209
Total past due	5,028	18,209
Current	171,696	221,333
Total Loans	176,724	239,542
Residential mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	3,048	17,884
60-89 past due	4,521	4,364
Greater than 90 days past due	15,952	26,037
Total past due	23,521	48,285
Current	1,538,119	1,459,213
Total Loans	1,561,640	1,507,498
Recorded investment > 90 days and accruing	1,020	994
Residential mortgage loans [Member] | Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	118	17,884
60-89 past due	2,175	4,364
Greater than 90 days past due	9,120	25,400
Total past due	11,413	47,648
Current	746,058	439,499
Total Loans	757,471	487,147
Recorded investment > 90 days and accruing		994
Residential mortgage loans [Member] | Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	2,930
60-89 past due	2,346
Greater than 90 days past due	6,439
Total past due	11,715
Current	520,836	734,669
Total Loans	532,551	734,669
Recorded investment > 90 days and accruing	1,020
Residential mortgage loans [Member] | Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Greater than 90 days past due	393	637
Total past due	393	637
Current	271,225	285,045
Total Loans	271,618	285,682
Consumer loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	5,963	3,501
60-89 past due	1,626	2,911
Greater than 90 days past due	6,953	6,037
Total past due	14,542	12,449
Current	1,670,797	1,594,921
Total Loans	1,685,339	1,607,370
Recorded investment > 90 days and accruing	2,432	1,065
Consumer loans [Member] | Originated loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	5,338	1,803
60-89 past due	1,333	2,481
Greater than 90 days past due	5,014	3,911
Total past due	11,685	8,195
Current	1,346,302	1,066,416
Total Loans	1,357,987	1,074,611
Recorded investment > 90 days and accruing	2,404	56
Consumer loans [Member] | Acquired loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	625	1,698
60-89 past due	293	430
Greater than 90 days past due	1,939	2,126
Total past due	2,857	4,254
Current	217,105	382,286
Total Loans	219,962	386,540
Recorded investment > 90 days and accruing	28	1,009
Consumer loans [Member] | Covered loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	107,390	146,219
Total Loans	$ 107,390	$ 146,219

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Whitney Acquisition

9 Months Ended

Sep. 30, 2012

Whitney Acquisition

13. Whitney Acquisition

On June 4, 2011, Hancock acquired all of the outstanding common stock of Whitney Holding Corporation (Whitney), a bank holding company based in New Orleans, Louisiana, in a stock and cash transaction. Whitney common shareholders received 0.418 shares of Hancock common stock in exchange for each share of Whitney stock, resulting in Hancock issuing 40,794,261 common shares at a fair value of $1.3 billion. Whitney’s preferred stock and common stock warrant issued under TARP were purchased by the Company for $307.7 million and retired as part of the merger transaction. In total, the purchase price was approximately $1.6 billion including the value of the options to purchase common stock assumed in the merger. On September 16, 2011, seven Whitney Bank branches located on the Mississippi Gulf Coast and one branch located in Bogalusa, LA with approximately $47 million in loans and $180 million in deposits were divested in order to resolve branch concentration concerns of the U.S. Department of Justice relating to the merger.

The Whitney transaction was accounted for using the purchase method of accounting and, accordingly, assets acquired, liabilities assumed and consideration exchanged were recorded at estimated fair value on the acquisition date. Assets acquired, excluding goodwill, totaled $11.2 billion, including $6.5 billion in loans, $2.6 billion of investment securities, and $224 million of identifiable intangible assets. Liabilities assumed were $10.1 billion, including $9.2 billion of deposits. Goodwill of $589 million was calculated as the excess of the consideration exchanged over the net identifiable assets acquired. In 2012, goodwill was reduced $22.2 million for deferred tax purchase accounting adjustments.

The operating results of the Company include the results from Whitney’s operations since the acquisition date. The following table represents unaudited pro forma results for illustrative purposes and is not intended to represent or be indicative of actual results of operations of the combined company that would have been achieved had the acquisition occurred at the beginning of the period presented, nor are they intended to represent or be indicative of future results of operations.

	Nine Months Ended
	September 30, 2011
(In millions)
Total revenues, net of interest expense	$	723
Net Income		88

See the Company’s 2011 Annual Report on Form 10-K for additional information.

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Derivatives (Tables)

9 Months Ended

Sep. 30, 2012

Fair Values of Derivative Instruments on Balance Sheet

The table below presents the fair value (in thousands) of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets as of September 30, 2012 and December 31, 2011.

Fair Values of Derivative Instruments

	Asset Derivatives						Liability Derivatives
	As of September 30, 2012			As of December 31, 2011			As of September 30, 2012			As of December 31, 2011
	Balance			Balance			Balance			Balance
	Sheet	Fair		Sheet	Fair		Sheet	Fair		Sheet	Fair
	Location	Value		Location	Value		Location	Value		Location	Value
Derivatives designated as hedging instruments
Interest rate products	Other assets	$	—	Other assets	$	—	Other liabilities	$	437	Other liabilities	$	107
Total derivatives designated as hedging instruments		$	—		$	—		$	437		$	107
Derivatives not designated as hedging instruments
Interest rate products	Other assets	$	21,198	Other assets	$	14,952	Other liabilities	$	21,986	Other liabilities	$	15,536
Total derivatives not designated as hedging instruments		$	21,198		$	14,952		$	21,986		$	15,536

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Loans and Allowance for Loan Losses - Schedule of Troubled Debt Restructurings Occurred During Period by Portfolio Segment (Detail) (Troubled Debt Restructurings [Member], USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012 Contract	Sep. 30, 2011 Contract	Sep. 30, 2012 Contract	Sep. 30, 2011 Contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts	12	(1)	10	10
Pre-Modification Outstanding Recorded Investment	$ 12,347	$ 15,144	$ 15,320	$ 2,901
Post-Modification Outstanding Recorded Investment	12,821	12,730	14,194	1,407
Number of Contracts		2		2
Recorded Investment		742		742
Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts	9	1	7	11
Pre-Modification Outstanding Recorded Investment	11,350	15,855	14,360	3,447
Post-Modification Outstanding Recorded Investment	11,974	13,425	13,369	1,822
Number of Contracts		2		2
Recorded Investment		742		742
Residential mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts	3	(2)	3	(1)
Pre-Modification Outstanding Recorded Investment	997	(711)	960	(546)
Post-Modification Outstanding Recorded Investment	847	(695)	825	(415)
Troubled debt restructurings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts	12	(1)	10	10
Pre-Modification Outstanding Recorded Investment	12,347	15,144	15,320	2,901
Post-Modification Outstanding Recorded Investment	12,821	12,730	14,194	1,407
Number of Contracts		2		2
Recorded Investment		742		742
Troubled debt restructurings [Member] | Commercial loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts	9	1	7	11
Pre-Modification Outstanding Recorded Investment	11,350	15,855	14,360	3,447
Post-Modification Outstanding Recorded Investment	11,974	13,425	13,369	1,822
Number of Contracts		2		2
Recorded Investment		742		742
Troubled debt restructurings [Member] | Residential mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts	3	(2)	3	(1)
Pre-Modification Outstanding Recorded Investment	997	(711)	960	(546)
Post-Modification Outstanding Recorded Investment	$ 847	$ (695)	$ 825	$ (415)

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Securities - Amortized Cost and Fair Value of Available for Sale Securities by Contractual Maturity (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012
Securities Available for Sale, Due in one year or less, Amortized Cost	$ 53,882
Securities Available for Sale, Due after one year through five years, Amortized Cost	195,876
Securities Available for Sale, Due after five years through ten years, Amortized Cost	338,242
Securities Available for Sale, Due after ten years, Amortized Cost	1,535,484
Total available for sale securities, Amortized Cost	2,123,484
Securities Available for Sale, Due in one year or less, Fair Value	54,121
Securities Available for Sale, Due after one year through five years, Fair Value	197,715
Securities Available for Sale, Due after five years through ten years, Fair Value	351,122
Securities Available for Sale, Due after ten years, Fair Value	1,600,548
Total available for sale securities, Fair Value	$ 2,203,506

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Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Net income	$ 46,984	$ 30,378	$ 104,783	$ 57,793
Other comprehensive income, net of tax:
Net change from retirement benefits plans	1,097	1,176	3,290	1,329
Unrealized net holding gain on securities, net of reclassifications	4,606	27,477	11,634	33,645
Net unrealized (loss) on derivatives and hedging	(28)	(277)	(201)	(181)
Other comprehensive income	5,675	28,376	14,723	34,793
Comprehensive income	$ 52,659	$ 58,754	$ 119,506	$ 92,586

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Fair Value

9 Months Ended

Sep. 30, 2012

Fair Value

2. Fair Value

The Financial Accounting Standards Board (FASB) defines fair value as the exchange price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The FASB’s guidance also established a fair value hierarchy that prioritizes the inputs to these valuation techniques used to measure fair value, giving preference to quoted prices in active markets for identical assets or liabilities (level 1) and the lowest priority to unobservable inputs such as a reporting entity’s own data (level 3). Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical assets or liabilities in markets that are not active, observable inputs other than quoted prices, such as interest rates and yield curves, and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following tables present for each of the fair value hierarchy levels the Company’s assets and liabilities that are measured at fair value (in thousands) on a recurring basis in the consolidated balance sheets.

	September 30, 2012
	(Level 1)		(Level 2)		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	18,408	$	—	$	18,408
Municipal obligations		—		76,132		76,132
Corporate debt securities		3,750		—		3,750
Mortgage-backed securities		—		1,904,520		1,904,520
Collateralized mortgage obligations		—		200,696		200,696
Equity securities		5,283		—		5,283
Total available-for-sale securities		27,441		2,181,348		2,208,789
Derivatives
Interest rate contracts - assets		—		21,198		21,198
Total recurring fair value measurements - assets	$	27,441	$	2,202,546	$	2,229,987
Liabilities
Derivatives
Interest rate contracts - liabilities	$	—	$	22,423	$	22,423
Total recurring fair value measurements - liabilities	$	—	$	22,423	$	22,423

	December 31, 2011
	(Level 1)		(Level 2)		Total
Assets
Available for sale debt securities:
U.S. Treasury and government agency securities	$	250,067	$	—	$	250,067
Municipal obligations		—		309,665		309,665
Corporate debt securities		4,494		—		4,494
Mortgage-backed securities		—		2,480,345		2,480,345
Collateralized mortgage obligations		—		1,446,076		1,446,076
Equity securities		6,253		—		6,253
Total available-for-sale securities		260,814		4,236,086		4,496,900
Derivatives
Interest rate contracts - assets		—		14,952		14,952
Total recurring fair value measurements - assets	$	260,814	$	4,251,038	$	4,511,852
Liabilities
Derivatives
Interest rate contracts - liabilities	$	—	$	15,643	$	15,643
Total recurring fair value measurements - liabilities	$	—	$	15,643	$	15,643

Securities classified as level 1 within the valuation hierarchy include U.S. Treasury securities, obligations of U.S. Government-sponsored agencies, and certain other debt and equity securities. Level 2 classified securities include residential mortgage-backed securities and collateralized mortgage obligations that are issued or guaranteed by U.S. government agencies, and state and municipal bonds. The level 2 fair value measurements for investment securities are obtained quarterly from a third-party pricing service that uses industry-standard pricing models. Substantially all of the model inputs were observable in the marketplace or can be supported by observable data. The Company invests only in high quality securities of investment grade quality with a targeted duration, for the overall portfolio, generally between two to five years. Company policies limit investments to securities having a rating of not less than “Baa” or its equivalent by a nationally recognized statistical rating agency, except for certain non-rated obligations of counties, parishes and municipalities within our markets in Mississippi, Louisiana, Texas, Florida and Alabama. There were no transfers between valuation hierarchy levels during the periods shown.

The fair value of derivative financial instruments, which are predominantly interest rate swaps, is obtained from a third-party pricing service that uses an industry-standard discounted cash flow model that relies on inputs, such as interest rate futures, observable in the marketplace. To comply with the accounting guidance, credit valuation adjustments are incorporated in the fair values to appropriately reflect nonperformance risk for both the Company and the counterparties. Although the Company has determined that the majority of the inputs used to value the derivative instruments fall within level 2 of the fair value hierarchy, the credit value adjustments utilize level 3 inputs, such as estimates of current credit spreads. The Company has determined that the impact of the credit valuation adjustments is not significant to the overall valuation of these derivatives. As a result, the Company has classified its derivative valuations in their entirety in level 2 of the fair value hierarchy. The Company’s policy is to measure counterparty credit risk quarterly for all derivative instruments subject to master netting arrangements consistent with how market participants would price the net risk exposure at the measurement date.

Fair Value of Assets Measured on a Nonrecurring Basis

Certain assets and liabilities are measured at fair value on a nonrecurring basis. Collateral-dependent impaired loans are level 2 assets measured using third-party appraisals of the collateral or other market-based information such as recent sales activity for similar assets in the property’s market. Other real estate owned are level 2 assets carried at the balance of the loan or at estimated fair value of collateral less estimated selling costs, whichever is less. Fair values are determined by sales agreement or third-party appraisal.

The following tables present for each of the fair value hierarchy levels the Company’s financial assets that are measured at fair value (in thousands) on a nonrecurring basis.

	September 30, 2012
	(Level 1)		(Level 2)		Total
Collateral dependent impaired loans	$	—	$	77,259	$	77,259
Other real estate owned		—		130,046		130,046
Total nonrecurring fair value measurements	$	—	$	207,305	$	207,305
	December 31, 2011
	(Level 1)		(Level 2)		Total
Collateral dependent impaired loans	$	—	$	55,252	$	55,252
Other real estate owned		—		144,367		144,367
Total nonrecurring fair value measurements	$	—	$	199,619	$	199,619

Accounting guidance from the FASB requires the disclosure of estimated fair value information about certain on- and off- balance sheet financial instruments, including those financial instruments that are not measured and reported at fair value on a recurring basis. The significant methods and assumptions used by the Company to estimate the fair value of financial instruments are discussed below.

Cash, Short-Term Investments and Federal Funds Sold - For these short-term instruments, the carrying amount is a reasonable estimate of fair value.

Securities – The fair value measurement for securities available for sale was discussed earlier. The same measurement techniques were applied to the valuation of securities held to maturity.

Loans, Net - The fair value measurement for certain impaired loans was discussed earlier. For the remaining portfolio, fair values were generally determined by discounting scheduled cash flows by discount rates determined with reference to current market rates at which loans with similar terms would be made to borrowers of similar credit quality.

Accrued Interest Receivable and Accrued Interest Payable - The carrying amounts are a reasonable estimate of fair value.

Deposits - The accounting guidance requires that the fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, interest-bearing checking and savings accounts, be assigned fair values equal to amounts payable upon demand (carrying amounts). The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities.

Securities Sold under Agreements to Repurchase and Federal Funds Purchased - For these short-term liabilities, the carrying amount is a reasonable estimate of fair value.

Long-Term Debt - The fair value is estimated by discounting the future contractual cash flows using current market rates at which debt with similar terms could be obtained.

Derivative Financial Instruments – The fair value measurement for derivative financial instruments was discussed earlier.

The following tables present the estimated fair values of the Company’s financial instruments by fair value hierarchy levels and the corresponding carrying amount at September 30, 2012 and December 31, 2011 (in thousands):

	September 30, 2012
							Total		Carrying
	(Level 1)		(Level 2)		(Level 3)		Fair Value		Amount
Financial assets:
Cash, interest-bearing bank deposits, and federal funds sold	$	734,680	$	—	$	—	$	734,680	$	734,680
Available for sale securities		27,441		2,181,348		—		2,208,789		2,208,789
Held to maturity securities		—		1,889,136		—		1,889,136		1,844,482
Loans, net		—		77,259		11,484,291		11,561,550		11,298,857
Loans held for sale		—		50,389		—		50,389		50,389
Accrued interest receivable		47,607		—		—		47,607		47,607
Derivative financial instruments		—		21,198		—		21,198		21,198
Financial liabilities:
Deposits	$	—	$	—	$	14,789,902	$	14,789,902	$	14,772,951
Federal funds purchased		29,521		—		—		29,521		29,521
Securities sold under agreements to repurchase		719,113		—		—		719,113		719,113
Long-term debt		—		333,371		—		333,371		308,327
Accrued interest payable		6,526		—		—		6,526		6,526
Derivative financial instruments		—		22,423		—		22,423		22,423

	December 31, 2011
							Total		Carrying
	(Level 1)		(Level 2)		(Level 3)		Fair Value		Amount
Financial assets:
Cash, interest-bearing bank deposits, and federal funds sold	$	1,622,366	$	—	$	—		1,622,366	$	1,622,366
Available for sale securities		260,814		4,236,086		—		4,496,900		4,496,900
Loans, net		—		55,252		11,134,410		11,189,662		11,052,144
Loans held for sale		—		72,378		—		72,378		72,378
Accrued interest receivable		53,973		—		—		53,973		53,973
Derivative financial instruments		—		14,952		—		14,952		14,952
Financial liabilities:
Deposits	$	—	$	—	$	15,737,667	$	15,737,667	$	15,713,579
Federal funds purchased		16,819		—		—		16,819		16,819
Securities sold under agreements to repurchase		1,027,635		—		—		1,027,635		1,027,635
Long-term debt		—		365,421		—		365,421		353,890
Accrued interest payable		8,284		—		—		8,284		8,284
Derivative financial instruments		—		15,643		—		15,643		15,643

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Earnings Per Share - Computation of Earnings Per Common Share (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Numerator:
Net income to common shareholders	$ 46,984	$ 30,378	$ 104,783	$ 57,793
Net income allocated to participating securities - basic and diluted	281	101	844	252
Net income allocated to common shareholders - basic and diluted	$ 46,703	$ 30,277	$ 103,939	$ 57,541
Weighted-average common shares - basic	84,777	84,699	84,757	59,149
Dilutive potential common shares	855	286	768	293
Weighted average common shares - diluted	85,632	84,985	85,525	59,442
Earnings per common share:
Basic	$ 0.55	$ 0.36	$ 1.23	$ 0.97
Diluted	$ 0.55	$ 0.36	$ 1.22	$ 0.97

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Whitney Acquisition - Results of Operation (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2011
Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items]
Total revenues, net of interest expense	$ 723
Net Income	$ 88

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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Computation of Earnings Per Common Share

Following is a summary of the information used in the computation of earnings per common share using the two-class method (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Numerator:
Net income to common shareholders	$	46,984	$	30,378	$	104,783	$	57,793
Net income allocated to participating securities - basic and diluted		281		101		844		252
Net income allocated to common shareholders - basic and diluted	$	46,703	$	30,277	$	103,939	$	57,541
Denominator:
Weighted-average common shares - basic		84,777		84,699		84,757		59,149
Dilutive potential common shares		855		286		768		293
Weighted average common shares - diluted		85,632		84,985		85,525		59,442
Earnings per common share:
Basic	$	0.55	$	0.36	$	1.23	$	0.97
Diluted	$	0.55	$	0.36	$	1.22	$	0.97

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Securities - Schedule of Available-for-Sale Securities (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Securities Available for Sale, Amortized Cost	$ 2,128,013	$ 4,401,345
Securities Available for Sale, Fair Value	2,208,789	4,496,900
Securities available for sale, Gross Unrealized Gains	80,834	98,561
Securities available for sale, Gross Unrealized Losses	58	3,006
U.S. Treasury [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available for Sale, Amortized Cost	150	150
Securities Available for Sale, Fair Value	160	164
Securities available for sale, Gross Unrealized Gains	10	14
U.S. government agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available for Sale, Amortized Cost	18,201	248,595
Securities Available for Sale, Fair Value	18,248	249,903
Securities available for sale, Gross Unrealized Gains	47	1,308
Municipal obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available for Sale, Amortized Cost	74,967	294,489
Securities Available for Sale, Fair Value	76,132	309,665
Securities available for sale, Gross Unrealized Gains	1,168	15,218
Securities available for sale, Gross Unrealized Losses	3	42
Mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available for Sale, Amortized Cost	1,826,624	2,422,891
Securities Available for Sale, Fair Value	1,904,520	2,480,345
Securities available for sale, Gross Unrealized Gains	77,908	58,150
Securities available for sale, Gross Unrealized Losses	12	696
CMOs [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available for Sale, Amortized Cost	199,792	1,426,495
Securities Available for Sale, Fair Value	200,696	1,446,076
Securities available for sale, Gross Unrealized Gains	937	21,774
Securities available for sale, Gross Unrealized Losses	33	2,193
Corporate debt securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available for Sale, Amortized Cost	3,750	4,517
Securities Available for Sale, Fair Value	3,750	4,494
Securities available for sale, Gross Unrealized Gains		11
Securities available for sale, Gross Unrealized Losses		34
Other equity securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Securities Available for Sale, Amortized Cost	4,529	4,208
Securities Available for Sale, Fair Value	5,283	6,253
Securities available for sale, Gross Unrealized Gains	764	2,086
Securities available for sale, Gross Unrealized Losses	$ 10	$ 41

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New Accounting Pronouncements

9 Months Ended

Sep. 30, 2012

New Accounting Pronouncements

12. New Accounting Pronouncements

In October 2012, FASB issued an update for entities that recognize an indemnification asset as a result of a government-assisted acquisition of a financial institution. When a reporting entity recognizes an indemnification asset as a result of a government-assisted acquisition of a financial institution and subsequently a change in the cash flows expected to be collected on the indemnification asset occurs (as a result of a change in cash flows expected to be collected on the assets subject to indemnification), the reporting entity should subsequently account for the change in the measurement of the indemnification asset on the same basis as the change in the assets subject to indemnification. Any amortization of changes in value should be limited to the contractual term of the indemnification agreement (that is, the lesser of the term of the indemnification agreement and the remaining life of the indemnified assets). The amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2012. Early adoption is permitted. The amendments should be applied prospectively to any new indemnification assets acquired after the date of adoption and to indemnification assets existing as of the date of adoption arising from a government-assisted acquisition of a financial institution. The Company’s current accounting policy complies with the new update.

In July 2012, FASB issued an update that an entity has the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount. Under the guidance in this ASU, an entity also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. The amendments in this ASU are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s financial condition or results of operations.

In June 2011, the FASB issued updated guidance regarding the presentation of comprehensive income, and subsequently amended this guidance in December 2011, prior to its effective date. The updated guidance eliminates the option to present the components of other comprehensive income as part of the statement of changes to stockholders’ equity, and, requires an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. This amendment does not change the items that must be reported in other comprehensive income or when an item in other comprehensive income must be reclassified to net income. The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011, and should be applied retrospectively. The adoption of this guidance changed presentation only and did not have a material impact on the Company’s financial condition or results of operations. The FASB is currently re-deliberating whether to present on the face of the financial statements the effects of reclassifications out of accumulated other comprehensive income on the components of net income and other comprehensive income.

In May 2011, the FASB issued updated guidance to achieve common fair value measurement and disclosure requirements in U.S. GAAP and IFRS. Certain provisions clarify the Board’s intent about the application of existing fair value measurement and disclosure requirements, while others change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements. The guidance is to be applied prospectively and is effective during interim and annual periods beginning after December 15, 2011. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations.

In April 2011, FASB issued an update to improve the accounting for repurchase agreements (“repos”) and other agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. The guidance modifies the criteria for assessing if a transferor has maintained effective control over the transferred asset in determining when these transactions would be accounted for as financings (secured borrowings/lending agreements) as opposed to sales (purchases) with commitments to repurchase (resell). Specifically, the updated guidance removes the criterion requiring a transferor to have the ability to repurchase or redeem the financial assets on substantially the same terms, even in the event of default by the transferee, as well as the collateral maintenance guidance related to that criterion. The guidance is effective prospectively for new transfers and existing transactions that are modified in the first interim or annual period beginning on or after December 15, 2011. The adoption of this guidance did not have a material impact on the Company’s financial condition or results of operations.