Hancock Reports Third Quarter 2012 Financial Results

Hancock Reports Third Quarter 2012 Financial Results

GULFPORT, Miss., Oct. 25, 2012 (GLOBE NEWSWIRE) -- Hancock Holding Company
(Nasdaq:HBHC) today announced financial results for the third quarter of 2012.
Operating income for the third quarter of 2012 was $49.8 million or $.58 per
diluted common share, compared to $47.0 million, or $.55 in the second quarter
of 2012. Operating income was $45.2 million, or $.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 income excludes the tax-effected
expenses associated with the repurchase of a portion of Whitney Bank's
subordinated debt (sub debt). Included in the financial tables is a
reconciliation of net income to operating income.

During the second quarter of 2012 the Company initiated a tender offer for up
to $75 million of Whitney Bank's sub debt. A total of $150 million of sub debt
was issued by Whitney National Bank in March 2007 at a rate of 5.875%. In July
2012, the tender was consummated, and approximately $52 million of the Whitney
sub 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.

Hancock's return on average assets, on an operating basis, 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.

Net income for the third quarter of 2012 was $47.0 million, or $.55 per
diluted common share, compared to $39.3 million, or $.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.

The Company's pre-tax, pre-provision profit for the third quarter of 2012 was
$78.5 million compared to $75.8 million in the second quarter of 2012 and
$73.9 million in the third quarter of 2011. Pre-tax pre-provision profit is
total revenue (TE) less non-interest expense and excludes merger-related
costs, securities transactions gains or losses and the sub debt redemption
expenses. Included in the financial tables is a reconciliation of net income
to pre-tax, pre-provision profit.

"During the third quarter we continued to make progress on several fronts and
generated solid quarterly results," said Hancock's President and Chief
Executive Officer Carl J. Chaney. "We produced net loan growth of over $350
million, realized additional quarterly cost savings, expanded the net interest
margin and improved our operating ROA this quarter, and remain committed to
improving upon these overall results and growing our company."

Highlights & Key Operating Items from Hancock's Third Quarter Results

Total assets at September 30, 2012, were $18.5 billion, compared to $18.8
billion at June 30, 2012.

Loans

Total loans at September 30, 2012 were $11.4 billion, up $356 million, or 3%,
from June 30, 2012. Excluding the FDIC-covered portfolio acquired with
People's First, which declined $32 million during the third quarter, total
loans were up $388 million, or approximately 4%, linked-quarter.

The net growth noted above represents a slowdown in the pace of loan payoffs,
and more significantly, the impact of both strategic new hires and the
completion of the Company's systems integration process. New loans and
refinancings of over $700 million were funded in markets throughout the
company's footprint from both existing and new customers, exceeding regularly
scheduled payoffs and paydowns.

The net loan growth was mainly generated in the commercial and industrial
(C&I) portfolio, up 9% linked-quarter.The growth reflected activity in
Houston, Greater New Orleans, western Louisiana and several Florida markets,
with a sizeable portion of the new business generated from customers in the
energy sector.As of September 30, 2012 the Company's energy portfolio totaled
$758 million, up $125 million from June 30, 2012.

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.

For the third quarter of 2012, average total loans were $11.3 billion, an
increase of $119 million, compared to the second quarter of 2012.

Deposits

Total deposits at September 30, 2012 were $14.8 billion, down $158 million, or
1%, from June 30, 2012.Average deposits for the third quarter of 2012 were
$14.8 billion, down $308 million, or 2%, from the second quarter of 2012.

Noninterest-bearing demand deposits (DDAs) totaled $5.2 billion at September
30, 2012, up $111 million, or 2%, compared to June 30, 2012.DDAs comprised
35% of total period-end deposits at September 30, 2012, up slightly from June
30, 2012.

Time deposits (CDs) totaled $2.4 billion at September 30, 2012, down $110
million from June 30, 2012.During the third quarter, approximately $600
million of time deposits matured at an average rate of .54%, of which
approximately two-thirds renewed at an average cost of 0.21%.

Interest-bearing public fund deposits were down $158 million linked-quarter
reflecting the seasonal nature of these types of deposits.Typically these
deposits reflect higher balances around the beginning of the year with
subsequent reductions beginning in the summer months.

Asset Quality

The Company's total allowance for loan losses was $135.6 million at September
30, 2012, compared to $140.8 million at June 30, 2012. The ratio of the
allowance for loan losses to period-end loans was 1.19% at September 30, 2012,
down from 1.27% at June 30, 2012.Charge-offs against the portion of allowance
established for previously-identified impairment of certain pools of
FDIC-covered loans reduced the total allowance by $3.5 million.The Company
identified no additional impairment on these covered loan pools 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.

Hancock recorded a total provision for loan losses for the third quarter of
2012 of $8.1 million, virtually unchanged 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.As noted above, no provision was recorded in the third quarter of 2012
for the FDIC-covered portfolio. The net impact on provision expense from the
covered portfolio in the second quarter of 2012 was $1.0 million.

Net charge-offs from the non-covered loan portfolio in the third quarter of
2012 were $9.7 million, or .34% of average total loans on an annualized
basis.This compares to net non-covered loan charge-offs of $10.2 million, or
.37% of average total loans, for the second quarter of 2012.

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 $81.4
million, or 1.40% at June 30, 2012.This ratio is expected to decline as the
proportion of this portfolio representing new business from Whitney's
operations grows, other factors held constant.

Non-performing assets (NPAs), which exclude acquired credit-impaired loans
from Whitney and People's First, totaled $298 million at September 30, 2012,
up $27 million from $271 million at June 30, 2012.Non-performing assets as a
percent of total loans, ORE and foreclosed assets was 2.58% at September 30,
2012, compared to 2.42% at June 30, 2012.The increase in overall NPAs
reflects an increase in nonaccrual loans of $22 million, an increase of $13
million in restructured loans, and a decline of $8 million in ORE and
foreclosed assets.The increase in nonaccrual loans is mainly related to a
small portion of Whitney's acquired portfolio that was performing at
acquisition date and has subsequently moved to nonaccrual.The loans are
comprised of smaller dollar residential mortgage and commercial credits,
mainly located in Louisiana.

Management continues to work towards reducing the overall level of
nonperforming assets and currently has approximately $60 million of its total
ORE portfolio under sales contracts that are scheduled to close in the fourth
quarter of 2012.

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

Net Interest Income

Net interest income (TE) for thethird quarter of 2012 was $180.1 million,
virtually unchanged from the second quarter of 2012.Average earning assets
were $15.8 billion in the third quarter of 2012, down $336 million from the
second quarter of 2012.

The net interest margin (TE) was 4.54% for the third quarter of 2012, up 6
basis points (bps) from 4.48% in the second quarter of 2012.The core margin
(net interest margin excluding total net purchase accounting adjustments)
compressed approximately 5bps during the third quarter from a decline in both
the yield on the loan and the securities portfolios.The core margin was
favorably impacted by a change in the mix of earning assets, a shift in
funding sources and a slight decline in funding costs.The decline in funding
costs is mainly related to the redemption of the Whitney Bank sub debt.

Whitney's acquired loan portfolio continued to perform better than expected
during the third quarter.As a result, re-projections of expected cash flows
from the acquired portfolio led to higher yields realized on this portfolio
that favorably impacted both net interest income and the net interest margin
and offset the core margin compression.

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

Non-interest Income

Non-interest income totaled $63.8 million for the third quarter of 2012, up
slightly from $63.6 million in the second quarter of 2012.Included in the
third quarter was $.9 million from gains on securities transactions.Excluding
securities transactions, non-interest income declined slightly from second
quarter of 2012.

Service charges on deposits totaled $20.8 million for the third quarter of
2012, virtually unchanged from the second quarter of 2012.

Bankcard fees totaled $7.6 million in the third quarter of 2012, down $.5
million from the second quarter.As noted previously, the Durbin interchange
restrictions began impacting Hancock Bank on July 1, 2012 and resulted in a
loss of bankcard fees of approximately $2.0 million during the third quarter
of 2012.This loss of income was partly offset by a $1.4 million increase in
merchant fees during the third quarter.The increase in merchant fees is
related to 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 negatively impacted the third
quarter's ATMs fees by approximately $.5 million.

Fees from secondary mortgage operations totaled $4.3 million for the third
quarter of 2012, up $1.3 million linked-quarter.The increase reflects a
higher volume of mortgage production during the third quarter mainly related
to refinancing activity.

Fees related to trust, insurance, and investment and annuity lines of business
were all down linked-quarter, mainly reflecting the volatility and seasonality
of those businesses.

Non-interest Expense & Taxes

Operating expense for the third quarter of 2012 totaled $164.4 million, down
$3.6 million from the second quarter of 2012.Operating expense excludes
merger-related costs and for the third quarter of 2012, $5.3 million of sub
debt repurchase expenses.There were essentially no merger-related costs in
the third quarter of 2012, compared to $11.9 million of pre-tax merger costs
in the second quarter of 2012.

Total personnel expense was $88.2 million in the third quarter of 2012, a
decrease of $1.2 million from the second quarter of 2012.The linked-quarter
decrease mainly reflects the staff reductions associated with the core systems
conversion and branch consolidations.Linked-quarter declines related to the
systems conversion and branch consolidations are also reflected in occupancy,
equipment and various categories included in other noninterest expense.

Amortization of intangibles totaled $8.1 million during the third quarter, up
from $7.9 million in the second quarter of 2012.The increase is related to
the reacquisition of the merchant services business noted above.Amortization
of intangibles should approximate $7.8 million in the fourth quarter of 2012.

Operating expense, excluding amortization of intangibles, was $156.3 million
for the third quarter of 2012.Management expects additional cost savings will
continue to be generated in the fourth quarter of 2012, and is reiterating its
operating expense guidance for the fourth quarter of 2012 of $149 million to
$153 million, excluding amortization of intangibles.

During the third quarter of 2012, the Company announced the closing of several
branches as part of its ongoing branch rationalization process.The Company is
continuing its review of its current branch network and will announce
additional closures, relocations or new branch openings as decisions are
approved.

The effective income tax rate for the third quarter of 2012 was 26%,
essentially unchanged from the second quarter of 2012.The effective income
tax rate continues to be less than the statutory rate of 35%, due primarily to
tax-exempt income and tax credits.

Capital

Common shareholders' equity totaled $2.4 billion at September 30, 2012.The
Company remained well-capitalized and improved its tangible common equity
ratio to 9.09% at September 30, 2012, up from 8.72% at June 30,
2012.Additional capital ratios are included in the financial tables.

Conference Call and Slide Presentation

Management will host a conference call for analysts and investors at 9:00 a.m.
Central Time Friday, October 26, 2012 to review the results.A live
listen-only webcast of the call will be available under the Investor Relations
section of Hancock's website at www.hancockbank.com.A slide presentation
related to third quarter results is also posted as part of the webcast
link.To participate in the Q&A portion of the call, dial (877) 564-1219 or
(973) 638-3429.An audio archive of the conference call will be available
under the Investor Relations section of our website.A replay of the call will
also be available through November 2, 2012 by dialing (855) 859-2056 or (404)
537-3406, passcode 37314225.

About Hancock Holding Company

Hancock Holding Company, the parent company of Hancock Bank and Whitney Bank,
operates a combined total of more than 250 full-service bank branches and over
350 ATMs across a Gulf south corridor comprising South Mississippi; southern
and central Alabama; southern Louisiana; the northern, central, and Panhandle
regions of Florida; and Houston, Texas. The Hancock Holding Company family of
financial services companies also includes Hancock Investment Services, Inc.;
Hancock Insurance Agency and Whitney Insurance Agency, Inc.; and corporate
trust offices in Gulfport and Jackson, Miss., New Orleans and Baton Rouge,
La., and Orlando, Fla.; and Harrison Finance Company.Additional information
is available at www.hancockbank.com and www.whitneybank.com.

The Hancock Holding Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=2758

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of
section 27A of the Securities Act of 1933, as amended, and section 21E of the
Securities Exchange Act of 1934, as amended, 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, future sales of ORE properties, net interest margin trends, future
expense levels and the ability to achieve additional cost savings, projected
tax rates, economic conditions in our markets, future profitability, purchase
accounting impacts such as accretion levels, the impact of the branch
rationalization process, and the financial impact of regulatory requirements.

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.

                                                              
Hancock Holding Company
Financial Highlights
(amounts in thousands, except per share data and FTE headcount)
(unaudited)
                                                              
                  Three Months Ended                Nine Months Ended
                  9/30/2012   6/30/2012   9/30/2011   9/30/2012   9/30/2011
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 $0.24       $0.24       $0.24       $0.72       $0.72
share
Book value per     $28.71      $28.30      $28.65      $28.71      $28.65
share (period-end)
Tangible book
value per share    $18.97      $18.46      $18.78      $18.97      $18.78
(period-end)
Weighted average                                               
number of shares:
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  84,782     84,774     84,698     84,782     84,698
of shares
Market data:                                                   
High sales price   $33.27      $36.56      $33.25      $36.73      $35.68
Low sales price    $27.99      $27.96      $25.61      $27.96      $25.61
Period end closing $30.98      $30.44      $26.81      $30.98      $26.81
price
Trading volume     26,877     39,310     38,205     98,609     96,269
                                                              
                                                              
Other Period-end                                               
Data
                                                              
FTE headcount      4,290      4,456       4,740       4,290      4,740
Tangible common    $1,608,285  $1,565,029  $1,590,264  $1,608,285  $1,590,264
equity
Tier I capital     $1,619,807  $1,581,101  $1,549,153  $1,619,807  $1,549,153
Goodwill           $628,877    $628,877    $629,688    $628,877    $629,688
Amortizing         $197,139    $205,249    $206,424    $197,139    $206,424
intangibles
                                                              
Performance Ratios                                             
                                                              
Return on average  1.00%       0.83%       0.62%       0.74%       0.59%
assets
Return on average
assets (operating) 1.07%       1.00%       0.92%       0.97%       0.89%
(a)
Return on average  7.77%       6.62%       4.98%       5.86%       4.85%
common equity
Return on average
common equity      8.24%       7.93%       7.40%       7.68%       7.40%
(operating) (a)
Tangible common    9.09%       8.72%       8.56%       9.09%       8.56%
equity ratio
Earning asset      4.84%       4.80%       4.82%       4.82%       4.81%
yield (TE)
Total cost of      0.30%       0.32%       0.50%       0.34%       0.63%
funds
Net interest       4.54%       4.48%       4.32%       4.48%       4.18%
margin (TE)
Efficiency ratio   64.33%      65.67%      66.98%      65.93%      66.81%
(b)
Allowance for loan
losses as a        1.19%       1.27%       1.06%       1.19%       1.06%
percent of
period-end loans
Allowance for loan
losses to
non-performing     77.81%      104.78%     107.90%     77.81%      107.90%
loans + accruing
loans 90 days past
due
Average            75.85%      73.51%      72.76%      74.14%      72.60%
loan/deposit ratio
Noninterest income
excluding
securities         25.86%      26.06%      26.49%      25.83%      29.30%
transactions as a
percent of total
revenue (TE)
(a) Excludes tax-effected merger related expenses, debt early redemption costs
and securities transactions.Management believes that this is a useful
financial measure because it enables investors to assess ongoing operations.
(b) Efficiency ratio is defined as noninterest expense as a percent of total
revenue (TE) before amortization of purchased intangibles, securities
transactions, merger related expenses and debt redemption costs.

                                                               
                                                               
Hancock Holding Company
Financial Highlights
(amounts in thousands)
(unaudited)
                                                               
                   Three Months Ended                Nine Months Ended
                   9/30/2012   6/30/2012   9/30/2011   9/30/2012   9/30/2011
Asset Quality                                                   
Information
                                                               
Non-accrual loans   $135,499    $113,384    $93,775     $135,499    $93,775
(c)
Restructured loans  32,339      19,518      14,048      32,339      14,048
(d)
Total
non-performing      167,838     132,902     107,823     167,838     107,823
loans
ORE and foreclosed  130,613     138,118     123,140     130,613     123,140
assets
Total
non-performing      $298,451    $271,020    $230,963    $298,451    $230,963
assets
Non-performing
assets as a percent 2.58%       2.42%       2.06%       2.58%       2.06%
of loans, ORE and
foreclosed assets
Accruing loans 90   $6,423      $1,443      $1,638      $6,423      $1,638
days past due (c)
Accruing loans 90
days past due as a  0.06%       0.01%       0.01%       0.06%       0.01%
percent of loans
Non-performing
assets + accruing
loans 90 days past  2.64%       2.43%       2.07%       2.64%       2.07%
due to loans, ORE
and foreclosed
assets
                                                               
Net charge-offs -   $9,728      $10,211     $7,825      $26,993     $22,507
non-covered
Net charge-offs -   3,550       3,499       --         $22,839     375
covered
Net charge-offs -
non-covered as a    0.34%       0.37%       0.28%       0.32%       0.39%
percent of average
loans
                                                               
Allowance for loan  $135,591    $140,768    $118,113    $135,591    $118,113
losses
Allowance for loan
losses as a percent 1.19%       1.27%       1.06%       1.19%       1.06%
of period-end loans
Allowance for loan
losses to
non-performing      77.81%      104.78%     107.90%     77.81%      107.90%
loans + accruing
loans 90 days past
due
                                                               
Provision for loan  $8,101      $8,025      $9,256      $26,141     $27,221
losses
                                                               
Allowance for Loan                                              
Losses
                                                               
Beginning Balance   $140,768    $142,337    $112,407    $124,881    $81,997
Provision for loan
losses before FDIC  --        5,146       4,500       37,025      33,448
benefit - covered
loans
Benefit
attributable to     --        (4,116)     (4,275)    (34,401)   (31,777)
FDIC loss share
agreement
Provision for loan
losses -            8,101       6,995       9,031       23,517      25,550
non-covered loans
Net provision for   8,101       8,025       9,256       26,141      27,221
loan losses
Increase in
indemnification     --        4,116       4,275       34,401      31,777
asset
Charge-offs -       12,211      12,711      14,530      34,588      36,227
non-covered
Charge-offs -       3,550       3,499       --        22,839      375
covered
Recoveries -        (2,483)    (2,500)     (6,705)     (7,595)    (13,720)
non-covered
Net charge-offs     13,278      13,710      7,825       49,832      22,882
Ending Balance      $135,591    $140,768    $118,113    $135,591    $118,113
                                                               
                                                               
Net Charge-off                                                  
Information
                                                               
Net charge-offs -                                               
non-covered:
Commercial/real     $3,905      $5,627      $5,174      $13,811     $15,735
estate loans
Residential         2,012       1,846       285         4,579       730
mortgage loans
Consumer loans      3,811       2,738       2,366       8,603       6,042
Total net
charge-offs -       $9,728      $10,211     $7,825      $26,993     $22,507
non-covered
                                                               
Average loans:                                                  
Commercial/real     $8,018,634  $7,946,781  $8,141,068  $7,994,444  $5,286,825
estate loans
Residential         1,573,559   1,548,803   1,527,915   1,557,210   1,018,482
mortgage loans
Consumer loans      1,667,399   1,644,532   1,579,745   1,646,100   1,323,031
Total average loans $11,259,592 $11,140,116 $11,248,728 $11,197,754 $7,628,338
                                                               
Net charge-offs -
non-covered to                                                  
average loans:
Commercial/real     0.19%       0.28%       0.25%       0.23%       0.40%
estate loans
Residential         0.51%       0.48%       0.07%       0.39%       0.10%
mortgage loans
Consumer loans      0.91%       0.67%       0.59%       0.70%       0.61%
Total net
charge-offs -       0.34%       0.37%       0.28%       0.32%       0.39%
non-covered to
average loans
                                                               
(c) 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.
(d) Included in restructured loans are $21.6 million, $9.7 million, and $4.4
million in non-accrual loans at 9/30/12, 6/30/12, and 9/30/11,
respectively.Total excludes acquired credit-impaired loans.

                                                               
                                                               
Hancock Holding Company
Financial Highlights
(amounts in thousands)
(unaudited)
                                                               
                      Three Months Ended              Nine Months Ended
                      9/30/2012   6/30/2012  9/30/2011  9/30/2012  9/30/2011
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    180,122     180,293    180,182    539,653    351,836
(TE)
Provision for loan     8,101       8,025      9,256      26,141     27,221
losses
Noninterest income
excluding securities   62,842      63,552     64,937     187,888    145,834
transactions
Securities
transactions           917         --        16        929       (71)
gains/(losses)
Noninterest expense    169,714     179,972    194,019    555,149    388,404
Income before income   63,200      53,014     38,720     138,530    73,003
taxes
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         (38)        11,913     22,752     45,789     46,560
expenses
Securities
transactions           917        --        16        929       (71)
gains/(losses)
Debt early redemption  5,336      --        --        5,336     --
Taxes on adjustments   1,533       4,170      7,958      17,569     16,321
Operating income (e)   $49,832     $47,047    $45,156    $137,410   $88,103
                                                               
Difference between
interest income and    $2,866      $2,834     $3,140     $8,650     $8,971
interest income (TE)
Provision for loan     8,101       8,025      9,256      26,141     27,221
losses
Merger-related         (38)        11,913     22,752     45,789     46,560
expenses
Less securities
transactions           917         --        16        929        (71)
gains/(losses)
Debt early redemption  5,336      --        --        5,336      --
Income tax expense     16,216      13,710     8,342      33,747     15,210
Pre-tax, pre-provision $78,548     $75,786    $73,852    $223,517   $155,826
profit (PTPP) (f)
                                                               
Noninterest Income and                                          
Noninterest Expense
                                                               
Service charges on     $20,834     $20,907    $16,858    $58,015    $38,744
deposit accounts
Trust fees             7,743       7,983      7,215      24,464     16,507
Bank card fees         7,568       8,075      11,066     24,107     20,542
Insurance fees         4,045       4,581      4,356      12,103     12,234
Investment & annuity   4,269       4,607      4,642      13,291     11,042
fees
ATM fees               4,301       4,843      4,127      13,479     10,148
Secondary mortgage     4,312       3,015      3,477      11,328     6,921
market operations
Other income           9,770       9,541      13,196     31,101     29,696
Noninterest income
excluding securities   $62,842     $63,552    $64,937    $187,888   $145,834
transactions
Securities
transactions           917         --        16        929        (71)
gains/(losses)
Total noninterest
income including       $63,759     $63,552    $64,953    $188,817   $145,763
securities
transactions
                                                               
Personnel expense      $88,176     $89,330    $92,821    $269,376   $184,157
Occupancy expense      13,169     13,604     13,877     41,173    28,492
(net)
Equipment expense      5,010      5,924      5,231      16,811    11,640
Other operating        49,951     51,279     52,241     152,328   108,223
expense
Amortization of        8,110      7,922      7,097      24,336    9,332
intangibles
Debt early redemption  5,336      --       --       5,336     --
Merger-related         (38)        11,913     22,752     45,789    46,560
expenses
Total noninterest      $169,714    $179,972   $194,019   $555,149   $388,404
expense
                                                               
(e) Net income less tax-effected merger costs, debt early redemption costs,
and securities gains/losses. Management believes that this is a useful
financial measure because it enables investors to assess ongoing operations.
(f)Pre-tax pre-provision profit (PTPP) is total revenue less noninterest
expense, merger items, debt early redemption costs, and securities
transactions. Management believes that PTPP profit is a useful financial
measure because it enables investors and others to assess the Company's
ability to generate capital to cover credit losses through a credit cycle.



                                                              
                                                              
Hancock Holding Company
Financial Highlights
(amounts in thousands)
(unaudited)
                                                              
                  Three Months Ended                Nine Months Ended
                  9/30/2012   6/30/2012   9/30/2011   9/30/2012   9/30/2011
Period-end Balance                                             
Sheet
                                                              
Commercial
non-real estate    $4,235,823  $3,890,489  $3,653,336  $4,235,823  $3,653,336
loans
Construction and
land development   1,044,637   1,167,496   1,345,761   1,044,637   1,345,761
loans
Commercial real    2,907,007   2,830,530   3,076,150   2,907,007   3,076,150
estate loans
Residential        1,561,640   1,519,711   1,451,506   1,561,640   1,451,506
mortgage loans
Consumer loans     1,685,341   1,669,920   1,575,516   1,685,341   1,575,516
Total loans        11,434,448  11,078,146  11,102,269  11,434,448  11,102,269
Loans held for     50,389      44,918      64,545      50,389      64,545
sale
Securities         4,053,271   4,320,457   4,604,835   4,053,271   4,604,835
Short-term         320,057     650,470     895,235     320,057     895,235
investments
Earning assets     15,858,165  16,093,991  16,666,884  15,858,165  16,666,884
Allowance for loan (135,591)   (140,768)   (118,113)   (135,591)   (118,113)
losses
Other assets       2,800,472   2,825,484   2,866,918   2,800,472   2,866,918
Total assets       $18,523,046 $18,778,707 $19,415,689 $18,523,046 $19,415,689
                                                              
Noninterest        $5,151,146  $5,040,484  $5,050,354  $5,151,146  $5,050,354
bearing deposits
Interest bearing
transaction and    5,876,638   5,876,843   5,580,160   5,876,638   5,580,160
savings deposits
Interest bearing
public fund        1,321,227   1,479,378   1,361,860   1,321,227   1,361,860
deposits
Time deposits      2,423,940   2,534,115   3,299,835   2,423,940   3,299,835
Total interest     9,621,805   9,890,336   10,241,855  9,621,805   10,241,855
bearing deposits
Total deposits    14,772,951  14,930,820  15,292,209  14,772,951  15,292,209
Other borrowed     1,056,961   1,193,021   1,278,646   1,056,961   1,278,646
funds
Other liabilities  258,646     255,504     418,172     258,646     418,172
Common
shareholders'      2,434,488   2,399,362   2,426,662   2,434,488   2,426,662
equity
Total liabilities  $18,523,046 $18,778,707 $19,415,689 $18,523,046 $19,415,689
& common equity
                                                              
Capital Ratios                                                 
                                                              
Common
shareholders'      $2,434,488  $2,399,362  $2,426,662  $2,434,488  $2,426,662
equity
Tier 1 capital     1,619,807   1,581,101   1,549,153   1,619,807   1,549,153
Tangible common    9.09%       8.72%       8.56%       9.09%       8.56%
equity ratio
Common equity
(period-end) as a
percent of total   13.14%      12.78%      12.50%      13.14%      12.50%
assets
(period-end)
Leverage (Tier 1)  9.11%       8.71%       8.28%       9.11%       8.28%
ratio
Tier 1 risk-based  12.30%      12.18%      11.91%      12.30%      11.91%
capital ratio (g)
Total risk-based   13.92%      14.20%      13.99%      13.92%      13.99%
capital ratio (g)
                                                              
(g) = estimated
for most recent                                                
period end

                                                              
                                                              
Hancock Holding Company
Financial Highlights
(amounts in thousands)
(unaudited)
                                                              
                  Three Months Ended                Nine Months Ended
                  9/30/2012   6/30/2012   9/30/2011   9/30/2012   9/30/2011
Average Balance                                                
Sheet
                                                              
Commercial
non-real estate    $4,056,457  $3,872,026  $3,651,227  $3,903,767  $2,180,869
loans
Construction and
land development   1,092,181   1,235,612   1,350,920   1,197,915   942,571
loans
Commercial real    2,869,996   2,839,143   3,138,921   2,892,762   2,163,385
estate loans
Residential        1,573,559   1,548,803   1,527,915   1,557,210   1,018,482
mortgage loans
Consumer loans     1,667,399   1,644,532   1,579,745   1,646,100   1,323,031
Total loans (h)    11,259,592  11,140,116  11,248,728  11,197,754  7,628,338
Securities (i)     4,039,191   4,292,686   4,358,802   4,174,956   2,686,787
Short-term         531,195     733,489     983,784     705,205     919,087
investments
Earning assets     15,829,978  16,166,291  16,591,314  16,077,915  11,234,212
Allowance for loan (140,661)   (142,991)   (114,304)   (136,257)   (97,574)
losses
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        $5,076,152  $5,149,898  $4,931,083  $5,194,751  $2,782,980
bearing deposits
Interest bearing
transaction and    5,869,281   5,881,673   5,660,284   5,792,586   3,603,461
savings deposits
Interest bearing
public fund        1,426,405   1,517,743   1,400,972   1,491,514   1,304,594
deposits
Time deposits      2,473,450   2,604,387   3,469,365   2,624,039   2,816,037
Total interest     9,769,136   10,003,803  10,530,621  9,908,139   7,724,092
bearing deposits
Total deposits     14,845,288  15,153,701  15,461,704  15,102,890  10,507,072
Other borrowed     1,112,304   1,212,692   1,405,815   1,187,340   892,741
funds
Other liabilities  236,134     233,539     268,762     245,940     177,367
Common
shareholders'      2,405,240   2,387,465   2,419,403   2,389,262   1,591,571
equity
Total liabilities  $18,598,966 $18,987,397 $19,555,684 $18,925,432 $13,168,751
& common equity
                                                              
(h) Includes loans held for sale
(i) Average securities does not include unrealized holding gains/losses on
available for sale securities.

                                                             
                                                             
Hancock Holding                                              
Company
Financial Highlights                                        
(amounts in thousands)                                        
(unaudited)                                                   
                                                             
Supplemental Asset
Quality Information
(excluding covered                 9/30/2012        6/30/2012   9/30/2011
assets and acquired
loans) ^j
Non-accrual loans (k)              $106,413         $100,067    $58,608
(l)
Restructured loans                 32,339           19,518      14,048
Total non-performing               138,752          119,585     72,656
loans
ORE and foreclosed                 91,725           93,339      99,834
assets (m)
Total non-performing               $230,477         $212,924    $172,490
assets
Non-performing assets
as a percent of loans,             3.45%            3.61%       3.72%
ORE and foreclosed
assets
Accruing loans 90 days             $6,423           $1,443      $531
past due
Accruing loans 90 days
past due as a percent              0.10%            0.02%       0.01%
of loans
Non-performing assets
+ accruing loans 90
days past due to                   3.55%            3.63%       3.73%
loans, ORE and
foreclosed assets
Allowance for loan                 $79,749          $81,376     $84,366
losses (n)
Allowance for loan
losses as a percent of             1.21%            1.40%       1.86%
period-end loans
Allowance for loan
losses to
nonperforming loans +              54.93%           67.24%      115.27%
accruing loans 90 days
past due
                                                             
(j) Covered and acquired credit impaired loans are considered 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 credit risk.Due to the protection of loss
sharing agreements and impact of acquisition accounting, management has
excluded acquired loans and covered assets from this table to provide for
improved comparability to prior periods and better perspective into asset
quality trends.
(k) Excludes acquired covered loans not accounted for under the accretion
method of $6,162, $6,174, and $34,106.
(l) Excludes non-covered acquired performing loans at fair value of $22,924,
$7,143, and $1,061.
(m) Excludes covered foreclosed assets of $38,888, $44,779, and $23,306.
(n) 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 impaired
loans.
                                                             
                                                             
                      
                      6/30/2012
                      Originated   Acquired Loans   Covered     Total
                       Loans        (o)              Loans (p)
Commercial non-real    $1,902,292   $1,948,226       $39,971     $3,890,489
estate loans
Construction and land  630,997      443,057          93,442      1,167,496
development loans
Commercial real estate 1,316,772    1,450,796        62,962      2,830,530
loans
Residential mortgage   654,149      598,199          267,363     1,519,711
loans
Consumer loans         1,306,648    239,276          123,996     1,669,920
Total Loans              $5,810,858       $4,679,554    $587,734   $11,078,146
Change in loan balance     $359,851       ($365,928)   ($46,050)     ($52,127)
from previous quarter
                      
                      9/30/2012
                      Originated   Acquired Loans   Covered     Total
                       Loans        (o)              Loans (p)
Commercial non-real    $2,416,143   $1,797,827       $21,855     $4,235,825
estate loans
Construction and land  628,067      368,476          48,094      1,044,637
development loans
Commercial real estate 1,421,526    1,378,706        106,775     2,907,007
loans
Residential mortgage   757,471      532,551          271,618     1,561,640
loans
Consumer loans         1,357,987    219,962          107,390     1,685,339
Total loans            $6,581,194   $4,297,522       $555,732    $11,434,448
Change in loan balance $770,336     ($382,032)       ($32,002)   $356,302
from previous quarter
                                                             
(o) Loans which have been acquired and no allowance brought forward in
accordance with acquisition accounting.
(p) Loans which are covered by loss sharing agreements with the FDIC providing
considerable protection against credit risk.

                                                                                   
Hancock Holding Company
Average Balance and Net Interest Margin Summary
(amounts in thousands)
(unaudited)
                                                                                   
                Three Months Ended
                9/30/2012                  6/30/2012                  9/30/2011
                Interest Volume      Rate  Interest Volume      Rate  Interest Volume      Rate
                                                                                   
Average Earning                                                                     
Assets
Commercial &
real estate      $109,069 $8,018,634  5.41% $108,777 $7,946,781  5.50% $113,111 $8,141,068  5.51%
loans (TE)
Residential      28,533  1,573,559  7.25% 28,709  1,548,803  7.41% 26,166  1,527,915  6.85%
mortgage loans
Consumer loans   29,942  1,667,399  7.14% 28,372  1,644,532  6.92% 28,328  1,579,745  7.11%
Loan fees & late 891     --         0.00% 1,548   --         0.00% 886     --         0.00%
charges
Total loans (TE) 168,435 11,259,592 5.95% 167,406 11,140,116 6.04% 168,491 11,248,728 5.95%
                                                                                   
US treasury      2       150        4.64% 2       150        4.66% 11      10,617     0.41%
securities
US agency        49      18,269     1.08% 736     141,999    2.07% 1,851   362,689    2.04%
securities
CMOs             7,820   1,663,741  1.88% 7,983   1,578,438  2.02% 7,129   1,089,308  2.62%
Mortgage backed  12,530  2,097,097  2.39% 13,921  2,296,126  2.43% 19,003  2,567,892  2.96%
securities
Municipals (TE)  2,864   252,771    4.53% 2,741   266,661    4.11% 3,471   306,863    4.52%
Other securities 63      7,163      3.58% 65      9,312      2.79% 246     21,433     4.58%
Total securities 23,328  4,039,191  2.30% 25,448  4,292,686  2.37% 31,711  4,358,802  2.91%
(TE) (q)
                                                                                   
Total short-term 308     531,195    0.23% 469     733,489    0.26% 633     983,784    0.26%
investments
                                                                                   
Average earning
assets yield     192,071 $15,829,978 4.84% $193,323 $16,166,291 4.80% $200,835 $16,591,314 4.82%
(TE)
                                                                                   
Interest-bearing                                                                    
Liabilities
Interest-bearing
transaction and  1,688   5,869,281  0.11% 1,764   5,881,673  0.12% 2,810   5,660,284  0.20%
savings deposits
Time deposits    4,829   2,473,450  0.78% 5,018   2,604,387  0.77% 11,209  3,469,365  1.28%
Public Funds     1,002   1,426,405  0.28% 1,090   1,517,743  0.29% 1,119   1,400,972  0.32%
Total interest   7,519   9,769,136  0.31% 7,872   10,003,803 0.32% 15,138  10,530,621 0.57%
bearing deposits
                                                                                   
Total borrowings 4,430   1,112,304  1.58% 5,158   1,212,692  1.71% 5,515   1,405,815  1.56%
                                                                                   
Total interest
bearing          $11,949  $10,881,440 0.44% $13,030  $11,216,495 0.47% $20,653  $11,936,436 0.69%
liabilities cost
                                                                                   
Net
interest-free            4,948,538               4,949,796               4,654,878  
funding sources
                                                                                   
Total Cost of    $11,949  $15,829,978 0.30% $13,030  $16,166,291 0.32% $20,653  $16,591,314 0.50%
Funds
                                                                                   
Net Interest     $180,122            4.40% $180,293            4.33% $180,182            4.13%
Spread (TE)
                                                                                   
Net Interest     $180,122 $15,829,978 4.54% $180,293 $16,166,291 4.48% $180,182 $16,591,314 4.32%
Margin (TE)
                                                                                   
(q) Average securities does not include unrealized holding gains/losses on available for sale
securities.

                                                                   
                                                                   
Hancock Holding Company
Average Balance and Net Interest Margin Summary
(amounts in thousands)
(unaudited)
                                                                   
                      Nine Months Ended
                      9/30/2012                    9/30/2011
                      Interest  Volume       Rate  Interest Volume      Rate
                                                                   
Average Earning Assets                                              
Commercial & real      $330,355  $7,994,444   5.52% $213,504 $5,286,825  5.39%
estate loans (TE)
Residential mortgage   83,664   1,557,210   7.16% 51,829  1,018,482  6.79%
loans
Consumer loans         86,876   1,646,100   7.05% 69,130  1,323,031  6.99%
Loan fees & late       3,238    --          0.00% 1,062   --         0.00%
charges
Total loans (TE)       504,133  11,197,754  6.01% 335,525 7,628,338  5.88%
                                                                   
US treasury securities 5        150         4.66% 36      10,738     0.45%
US agency securities   2,047    126,123     2.16% 4,089   284,067    1.92%
CMOs                   22,586   1,534,909   1.96% 13,422  615,835    2.91%
Mortgage backed        40,858   2,237,794   2.43% 40,409  1,517,871  3.55%
securities
Municipals (TE)        8,872    267,793     4.42% 8,979   232,825    5.14%
Other securities       255      8,187       4.15% 768     25,451     4.03%
Total securities (TE)  74,623   4,174,956   2.39% 67,703  2,686,787  3.36%
(q)
                                                                   
Total short-term       1,304    705,205     0.25% 1,448   919,087    0.21%
investments
                                                                   
Average earning assets 580,060  $16,077,915  4.82% $404,676 $11,234,212 4.81%
yield (TE)
                                                                   
Interest-Bearing                                                    
Liabilities
Interest-bearing       $5,634    $5,792,586   0.13% $5,937   $3,603,461  0.22%
transaction deposits
Time deposits          16,735   2,624,039   0.85% 32,659  2,816,037   1.55%
Public Funds           3,285    1,491,514   0.29% 4,120   1,304,594   0.42%
Total interest bearing $25,654   $9,908,139   0.35% $42,716  $7,724,092  0.74%
deposits
                                                                   
Total borrowings       14,753   1,187,340   1.66% 10,123  892,741    1.52%
                                                                   
Total interest bearing $40,407   $11,095,479  0.49% $52,840  $8,616,833  0.82%
liabilities cost
                                                                   
Net interest-free               4,982,436                2,617,379   
funding sources
                                                                   
Total Cost of Funds    $40,407   $16,077,915  0.34% $52,840  $11,234,212 0.63%
                                                                   
Net Interest Spread    $539,653              4.33% $351,836            3.99%
(TE)
                                                                   
Net Interest Margin    $539,653  $16,077,915  4.48% $351,836 $11,234,212 4.18%
(TE)
                                                                   
(q) Average securities does not include unrealized holding gains/losses on
available for sale securities.


CONTACT: For More Information
         Trisha Voltz Carlson
         SVP, Investor Relations Manager
         504.299.5208
         trisha.carlson@hancockbank.com

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