Hancock Reports Third Quarter 2013 Financial Results

Hancock Reports Third Quarter 2013 Financial Results

GULFPORT, Miss., Oct. 24, 2013 (GLOBE NEWSWIRE) -- Hancock Holding Company
(Nasdaq:HBHC) today announced its financial results for the third quarter of
2013. Operating income for the third quarter of 2013 was $46.8 million or $.56
per diluted common share, compared to $46.9 million, or $.55 in the second
quarter of 2013. Operating income was $49.8 million, or $.58, in the third
quarter of 2012. Operating income is defined as net income excluding
tax-effected securities transactions gains or losses and one-time noninterest
expense items. Included in the financial tables is a reconciliation of net
income to operating income. Management believes that operating income provides
a useful measure of financial performance that helps investors compare the
Company's fundamental operations over time.

Hancock's return on average assets (ROA) (operating) was 0.99% for the third
quarter of 2013, unchanged from the second quarter of 2013. ROA (operating)
was 1.07% in the third quarter a year ago.

Highlights of the Company's third quarter of 2013 results:

  *Net income included one-time noninterest expense items of $20.9 million,
    or $13.6 million after tax, or $.17 per diluted common share
  *Core net interest income (TE) and net interest margin (NIM) remained
    relatively stable (the Company defines its core results as reported
    results less the impact of net purchase accounting adjustments.)
  *An increase of $4.6 million, or a tax-effected $.04 per diluted share, in
    purchased loan accretion related to excess cash recoveries
  *Approximately $92 million linked-quarter net loan growth, or 3%
    annualized, and $464 million, or 4%, year-over-year loan growth (each
    excluding the FDIC-covered portfolio)
  *Continued improvement in overall asset quality metrics
  *Decline in operating expense linked-quarter; on track to meet 1Q14 expense
    target
  *Closed 26 banking locations across the five-state footprint on August 30,
    2013

"Our third quarter results reflect progress in implementing our current
strategic initiatives," said Hancock's President and Chief Executive Officer
Carl J. Chaney. "Stabilization of the core margin and net interest income,
better loan pricing, improved asset quality, reduced operating expenses and
ongoing focus on efficiency, are all keys to achieving our goals for 2014 and
beyond. Our associates are working diligently to implement the expense and
efficiency initiative, and we are confident we will meet the targets set
earlier this year."

Net income in the third quarter of 2013 was $33.2 million, or $.40 per diluted
common share, compared to $46.9 million, or $.55, in the second quarter of
2013. Net income was $47.0 million, or $.55 per diluted common share, in the
third quarter of 2012. Net income included certain one-time noninterest
expenses of $20.9 million in the third quarter of 2013 and $5.3 million in the
third quarter of 2012. Return on average assets (ROA) was 0.70% for the third
quarter of 2013, compared to 0.99% in the second quarter of 2013 and 1.00% in
the third quarter a year ago.

Loans

Total loans at September 30, 2013 were $11.7 billion, up $53 million from June
30, 2013. Excluding the FDIC-covered portfolio, which declined $39 million
during the third quarter of 2013, total loans increased $92 million, or 1%
linked-quarter.

Solid origination activity with commercial customers across the Company's
footprint, especially in south Louisiana, was offset by higher than normal
paydowns and payoffs, as well as some seasonal net reductions. As a result,
commercial and industrial (C&I) loans were down slightly for the quarter.

The largest component of linked-quarter net growth was in the residential
mortgage portfolio, reflecting mainly a strategic decision to retain more of
these loans on the balance sheet.

The net growth in the commercial real estate (CRE) portfolio during the third
quarter came mainly from the transition of construction and land development
(C&D) loans to permanent status.

For the third quarter of 2013, average loans totaled $11.8 billion, up almost
$200 million from the second quarter of 2013.

Deposits

Total deposits at September 30, 2013 were $15.1 billion, down $101 million, or
less than 1%, from June 30, 2013. Average deposits for the third quarter of
2013 were $15.0 billion, down $190 million, or 1%, from the second quarter of
2013.

Noninterest-bearing demand deposits (DDAs) totaled $5.5 billion at September
30, 2013, up $140 million, or 3%, compared to June 30, 2013. DDAs comprised
36% of total period-end deposits at September 30, 2013.

Time deposits (CDs) and interest-bearing public fund deposits totaled $3.6
billion at September 30, 2013, down $283 million, or 7%, from June 30, 2013.
As noted previously, public fund deposits typically reflect higher balances at
year-end with subsequent reductions beginning in the second quarter and
continuing into the third quarter.

Asset Quality

Non-performing assets (NPAs) totaled $216 million at September 30, 2013,
slightly down from June 30, 2013. During the third quarter total
non-performing loans declined $14 million, while foreclosed and surplus real
estate (ORE) and other foreclosed assets increased almost $14 million.
Approximately $16 million was transferred into ORE when certain bank locations
were closed on August 30, 2013 in connection with the Company's efficiency
initiative. Excluding the branch transfers, NPAs totaled $200 million at
September 30, 2013, down $16 million from June 30, 2013. Non-performing assets
as a percent of total loans, ORE and other foreclosed assets was 1.83% at
September 30, 2013, compared to 1.84% at June 30, 2013.

The Company's total allowance for loan losses was $138.2 million at September
30, 2013, up slightly from $138.0 million at June 30, 2013. The ratio of the
allowance to period-end loans was 1.18%, unchanged from June 30, 2013. The
allowance maintained on the originated portion of the loan portfolio totaled
$77.4 million, or 0.89% of related loans, at September 30, 2013, compared to
$76.4 million, or 0.93% of related loans, at June 30, 2013.

Net charge-offs from the non-covered loan portfolio were $5.4 million, or
0.18% of average total loans on an annualized basis in the third quarter of
2013, down from $7.0 million, or 0.24% of average total loans in the second
quarter of 2013.

During the third quarter of 2013, Hancock recorded a total provision for loan
losses of $7.6 million, down from $8.3 million in the second quarter of
2013.The provision for non-covered loans was $6.5 million in the third
quarter of 2013, compared to $7.9 million in the second quarter of 2013.The
net provision from the covered portfolio was $1.0 million for the third
quarter of 2013 compared to $0.4 million for the second quarter of 2013.

Net Interest Income

Net interest income (TE) for the third quarter of 2013 was $174.1 million, up
$2.3 million from the second quarter of 2013.Average earning assets were
$16.4 billion in the third quarter of 2013, down $116 million, or less than
1%, from the second quarter of 2013.

The linked-quarter increase reflected mainly a higher level of total
purchase-accounting loan accretion on acquired loans in the third quarter,
mainly related to excess cash recoveries which can be volatile.Approximately
$7.7 million ($.06 per diluted common share) of excess cash recoveries was
included in the third quarter's results, while approximately $3.1 million
($.02 per diluted common share) was included in the second quarter's
results.The slide presentation referenced below includes detailed information
on expected loan accretion and excess cash recoveries.

The net interest margin (TE) was 4.23% for the third quarter of 2013, up 6
basis points (bps) from the second quarter of 2013.The core margin of 3.37%
(reported net interest income (TE) excluding total net purchase accounting
adjustments, annualized, as a percent of average earning assets) compressed 1
basis point during the third quarter of 2013.The continued decline in the
core loan yield was offset by improvement in the yield on investment
securities and a slight decline in the cost of funds.

Noninterest Income

Noninterest income totaled $63.1 million for the third quarter of 2013, down
$0.8 million from the second quarter of 2013.

Service charges on deposits totaled $20.5 million for the third quarter of
2013, up $0.7 million, or 3%, from the second quarter of 2013.Bankcard and
ATM fees totaled $12.2 million, up $0.8 million, or 7%, from the second
quarter of 2013.

Trust, investment and annuity, and insurance fees totaled $18.3 million, down
$1.5 million, or 8%, from the second quarter of 2013.The linked-quarter
decrease reflects some seasonality in these lines of business, in addition to
the impact of higher equity market valuations in the second quarter of 2013.

Fees from secondary mortgage operations totaled $2.5 million for the third
quarter of 2013, down $1.7 million, or 40%, linked-quarter.The decline mainly
reflects a lower level of loans sold during the quarter as noted
earlier.Mortgage loan activity also slowed towards the end of the third
quarter, reflecting mainly the impact of increased longer-term interest rates
on originations.

Noninterest Expense & Taxes

Noninterest expense for the third quarter of 2013 totaled $182.2 million,
including $20.9 million of one-time costs related mainly to the expense and
efficiency initiative.Excluding these costs, noninterest expense (or
operating expense) totaled $161.3 million, down $0.9 million from the second
quarter of 2013.

Total personnel expense, the largest component of the Company's expense base,
was $86.9 million in the third quarter of 2013, down $0.7 million, or 1%, from
the second quarter of 2013.

ORE expense totaled $2.4 million in the third quarter of 2013, down $0.9
million from the second quarter, while other operating expense of $47.2
million was up $0.7 million, or 1%, from the second quarter of 2013.

The Company remains on track to achieve its efficiency and expense reduction
target for the first quarter of 2014.In August of 2013, the Company completed
the previously announced closing of 26 branch locations across its five-state
footprint.The sales of 10 additional branch locations, which were also
announced previously, are subject to regulatory approvals and certain closing
conditions, and will be reflected in Hancock's fourth quarter 2013 and first
quarter of 2014 financial results.

The effective income tax rate for the third quarter of 2013 was 26%, up
slightly from the second quarter of 2013.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, 2013 and the
tangible common equity (TCE) ratio increased 16 bps to 8.68%.Management
continues to review the strategic opportunities presented by Hancock's strong
capital position, including additional stock buybacks, organic growth,
acquisitions or increased dividends.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 on Friday, October 25, 2013 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 October 31, 2013 by dialing (855) 859-2056 or (404)
537-3406, passcode 74981574.

About Hancock Holding Company

Hancock Holding Company is the parent company of Hancock Bank and Whitney
Bank.The Company operates as Hancock Bank in south Mississippi, southern and
central Alabama, and the northern, central, and panhandle regions of Florida;
and as Whitney Bank in south Louisiana 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.; corporate trust offices in Gulfport and Jackson, Mississippi,
New Orleans and Baton Rouge, Louisiana, and Orlando, Florida; and Harrison
Finance Company.Additional information is available at www.hancockbank.com
and www.whitneybank.com.

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 future levels of economic activity in our
markets, loan growth, deposit trends, credit quality trends, future sales of
nonperforming assets, net interest margin trends, future expense levels and
the ability to achieve reductions in non-interest expense or other cost
savings, projected tax rates, future profitability, improvements in expense to
revenue (efficiency) ratio, 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
                       9/30/2013  6/30/2013  9/30/2012  9/30/2013  9/30/2012
Per Common Share Data                                           
                                                               
Earnings per share:                                             
Basic                  $0.40      $0.55      $0.55      $1.51      $1.23
Diluted                $0.40      $0.55      $0.55      $1.51      $1.22
Operating earnings per                                          
share: (a)
Basic                   $0.56      $0.55      $0.58      $1.67      $1.61
Diluted                $0.56      $0.55      $0.58      $1.67      $1.60
Cash dividends per      $0.24      $0.24      $0.24      $0.72      $0.72
share
Book value per share    $28.70     $28.57     $28.71     $28.70     $28.71
(period-end)
Tangible book value per $19.04     $18.83     $18.97     $19.04     $18.97
share (period-end)
Weighted average number                                         
of shares:
Basic                  82,091    83,279    84,777    83,404    84,757
Diluted                82,205    83,357    85,632    83,496    85,525
Period-end number of    82,107    82,078    84,782    82,107    84,782
shares
Market data:                                                    
High sales price       $33.85     $30.93     $33.27     $33.85     $36.73
Low sales price        $29.00     $25.00     $27.99     $25.00     $27.96
Period end closing     $31.38     $30.07     $30.98     $31.38     $30.98
price
Trading volume         29,711    38,599    26,877    97,779    98,609
                                                               
                                                               
Other Period-end Data                                           
                                                               
FTE headcount           4,068     4,160      4,290      4,068     4,290
Tangible common equity  $1,563,542 $1,545,122 $1,608,285 $1,563,542 $1,608,285
Tier I capital          $1,657,136 $1,632,874 $1,631,372 $1,657,136 $1,631,372
Goodwill               $625,675   $625,675   $628,877   $625,675   $628,877
Amortizing intangibles  $167,116   $174,423   $197,139   $167,116   $197,139
                                                               
Performance Ratios                                              
                                                               
Return on average       0.70%      0.99%      1.00%      0.91%      0.74%
assets
Return on average       0.99%      0.99%      1.07%      1.00%      0.97%
assets (operating) (a)
Return on average       5.63%      7.82%      7.77%      7.18%      5.86%
common equity
Return on average
common equity           7.93%      7.82%      8.24%      7.93%      7.68%
(operating) (a)
Return on average       8.54%      11.74%     11.87%     10.80%     9.06%
tangible common equity
Return on average
tangible common equity  12.03%     11.74%     12.59%     11.94%     11.88%
(operating) (a)
Tangible common equity  8.68%      8.52%      9.09%      8.68%      9.09%
ratio
Earning asset yield     4.47%      4.42%      4.84%      4.50%      4.82%
(TE)
Total cost of funds     0.24%      0.25%      0.30%      0.26%      0.34%
Net interest margin     4.23%      4.17%      4.54%      4.24%      4.48%
(TE)
Efficiency ratio (b)    64.95%     65.68%     64.33%     64.93%     65.93%
Allowance for loan
losses as a percent of  1.18%      1.18%      1.19%      1.18%      1.19%
period-end loans
Allowance for loan
losses to
non-performing loans +  94.69%     91.43%     77.81%     94.69%     77.81%
accruing loans90 days
past due
Average loan/deposit    78.70%     76.41%     75.85%     76.80%     74.14%
ratio
Noninterest income
excludingsecurities
transactions as a       26.59%     27.11%     25.86%     26.36%     25.83%
percent oftotal
revenue (TE)

(a) Excludes tax-effected securities transactions and one-time noninterest
expense items.Management believes that operating income provides a useful
measure of financial performance that helps investors compare the Company's
fundamental operations over time.
(b) Efficiency ratio is defined as noninterest expense as a percent of total
revenue (TE) before amortization of purchased intangibles, one-time
noninterest expense items, and securitiestransactions.


                                                              
Hancock Holding                                               
Company
Financial                                                     
Highlights
(amounts in                                                   
thousands)
(unaudited)                                                  
                                                              
                  Three Months Ended                Nine Months Ended
                  9/30/2013   6/30/2013   9/30/2012   9/30/2013   9/30/2012
Asset Quality                                                  
Information
                                                              
Non-accrual loans  $100,649    $110,516    $135,499    $100,649    $135,499
(c)
Restructured loans 29,705      33,741      32,339      29,705      32,339
(d)
Total
non-performing     130,354     144,257     167,838     130,354     167,838
loans
ORE and foreclosed 85,560      72,235      130,613     85,560      130,613
assets
Total
non-performing     $215,914    $216,492    $298,451    $215,914    $298,451
assets
Non-performing
assets as a
percent of loans,  1.83%       1.84%       2.58%       1.83%       2.58%
ORE and foreclosed
assets
Accruing loans 90  $15,620     $6,647      $6,423      $15,620     $6,423
days past due (c)
Accruing loans 90
days past due as a 0.13%       0.06%       0.06%       0.13%       0.06%
percent of loans
Non-performing
assets + accruing
loans 90 days past 1.96%       1.90%       2.64%       1.96%       2.64%
dueto loans, ORE
and foreclosed
assets
                                                              
Net charge-offs -  $5,430      $7,032      $9,728      $19,095     $26,993
non-covered
Net charge-offs -  506         2,026       3,550       5,754       22,839
covered
Net charge-offs -
non-covered as a   0.18%       0.24%       0.34%       0.22%       0.32%
percent of average
loans
                                                              
Allowance for loan $138,223    $137,969    $135,591    $138,223    $135,591
losses
Allowance for loan
losses as a        1.18%       1.18%       1.19%       1.18%       1.19%
percent of
period-end loans
Allowance for loan
losses to
non-performing     94.69%      91.43%      77.81%      94.69%      77.81%
loans + accruing
loans90 days past
due
                                                              
Provision for loan $7,569      $8,257      $8,101      $25,404     $26,141
losses
                                                              
Allowance for Loan                                             
Losses
                                                              
Beginning Balance  $137,969    $137,777    $140,768    $136,171    $124,881
Net provision for
loan losses -      1,024       362         --         7,987       2,624
covered loans
Provision for
loan losses -      6,545       7,895       8,101       17,417      23,517
non-covered loans
Net provision for  7,569       8,257       8,101       25,404      26,141
loan losses
Increase
(decrease) in FDIC (1,379)    993         --         1,497       34,401
loss share
receivable
Charge-offs -      8,698       11,451      12,211      31,386      34,588
non-covered
Recoveries -       (3,268)    (4,419)     (2,483)     (12,291)    (7,595)
non-covered
Net charge-offs -  506         2,026       3,550       5,754       22,839
covered
Net charge-offs    5,936       9,058       13,278      24,849      49,832
Ending Balance     $138,223    $137,969    $135,591    $138,223    $135,591
                                                              
                                                              
Net Charge-off                                                 
Information
                                                              
Net charge-offs -                                              
non-covered:
Commercial/real    $1,267      $3,834      $3,905      $9,405      $13,811
estate loans
Residential        541         702         2,012       891         4,579
mortgage loans
Consumer loans     3,622       2,496       3,811       8,799       8,603
Total net
charge-offs -      $5,430      $7,032      $9,728      $19,095     $26,993
non-covered
                                                              
Average loans:                                                 
Commercial/real    $8,582,849  $8,418,140  $8,018,634  $8,429,559  $7,994,444
estate loans
Residential        1,668,201   1,625,672   1,573,559   1,640,320   1,557,210
mortgage loans
Consumer loans     1,570,345   1,579,397   1,667,399   1,589,366   1,646,100
Total average      $11,821,395 $11,623,209 $11,259,592 $11,659,245 $11,197,754
loans
                                                              
Net charge-offs -
non-covered to                                                 
average loans:
Commercial/real    0.06%       0.18%       0.19%       0.15%       0.23%
estate loans
Residential        0.13%       0.17%       0.51%       0.07%       0.39%
mortgage loans
Consumer loans     0.92%       0.63%       0.91%       0.74%       0.70%
Total net
charge-offs -      0.18%       0.24%       0.34%       0.22%       0.32%
non-covered to
average loans

(c) Non-accrual loans and accruing loans past due 90 days or more do not
include non-accrual restructured loans and 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 $19.1 million, $22.2 million, and $21.6
million in non-accrual loans at 9/30/13, 6/30/13, and 9/30/12,
respectively.Total excludes acquired credit-impaired loans.

                                                                
                                                                
Hancock Holding Company                                        
Financial Highlights                                           
(amounts in thousands)                                         
(unaudited)                                                    
                                                                
                            Three Months Ended          Nine Months Ended
                            9/30/2013 6/30/2013 9/30/2012 9/30/2013 9/30/2012
Income Statement                                                 
                                                                
Interest income             $181,639  $179,649  $189,205  $546,560  $571,410
Interest income (TE)         184,221   182,292   192,071   554,511   580,060
Interest expense             10,109    10,470    11,949    31,836    40,407
Net interest income (TE)     174,112   171,822   180,122   522,675   539,653
Provision for loan losses    7,569     8,257     8,101     25,404    26,141
Noninterest income
excludingsecurities         63,057    63,897    62,842    187,141   187,888
transactions
Securities transactions      --       --       917       --       929
gains
Noninterest expense         182,205   162,250   169,714   504,057   555,149
Income before income taxes   44,813    62,569    63,200    172,404   138,530
Income tax expense           11,611    15,707    16,216    43,764    33,747
Net income                   $33,202   $46,862   $46,984   $128,640  $104,783
                                                                
Adjustments from net to                                          
operating income
Securities transactions      --       --       917       --       929
gains
One-time noninterest expense                                     
items
Merger-related expenses     --       --       (38)      --       45,789
Sub-debt early redemption    --       --       5,336     --       5,336
costs
Expense & efficiency         20,887    --       --       20,887    --
initiative and other items
Total one-time noninterest   20,887    --       5,298     20,887    51,125
expense items
Taxes on adjustments at 35%  7,310     --       1,533     7,310     17,569
Total adjustments (net of    13,577    --       2,848     13,577    32,627
taxes)
Operating income (e)         $46,779   $46,862   $49,832   $142,217  $137,410
                                                                
Noninterest Income and                                           
Noninterest Expense
                                                                
Service charges on deposit   $20,519   $19,864   $20,834   $59,398   $58,015
accounts
Trust fees                   9,477     9,803     7,743     27,972    24,464
Bank card and ATM fees       12,221    11,399    11,869    34,678    37,586
Investment & annuity fees    5,186     5,192     4,269     14,955    13,291
Secondary mortgage market    2,467     4,139     4,312     10,989    11,328
operations
Insurance fees               3,661     4,845     4,045     12,500    12,103
Other income                 9,526     8,655     9,770     26,649    31,101
Noninterest income excluding 63,057    63,897    62,842    187,141   187,888
securities transactions
Securities transactions      --       --       917       --       929
gains
Total noninterest income
includingsecurities         $63,057   $63,897   $63,759   $187,141  $188,817
transactions
                                                                
Personnel expense            $86,850   $87,595   $88,176   $262,372  $269,376
Occupancy expense (net)      12,369    12,404    13,169    37,099    41,173
Equipment expense            5,120     4,919     5,010     15,340    16,811
Other real estate owned      2,439     3,355     4,590     6,502     10,014
expense (net)
Other operating expense      47,234    46,546    45,361    139,565   142,314
Amortization of intangibles  7,306     7,431     8,110     22,292    24,336
Total operating expense      161,318   162,250   164,416   483,170   504,024
One-time noninterest expense 20,887    --       5,298     20,887    51,125
items
Total noninterest expense   $182,205  $162,250  $169,714  $504,057  $555,149

(e) Net income less tax-effected securities gains/losses and one-time
noninterest expense items.Management believes that operating income provides
a useful measure of financial performance that helps investors compare the
Company's fundamental operations over time.


                                                              
Hancock Holding                                               
Company
Financial                                                     
Highlights
(amounts in                                                   
thousands)
(unaudited)                                                  
                                                              
                  Three Months Ended
                  9/30/2013   6/30/2013   3/31/2013   12/31/2012  9/30/2012
Period-end Balance                                             
Sheet
                                                              
Commercial
non-real estate    $4,625,315  $4,653,342  $4,425,286  $4,433,288  $4,235,823
loans
Construction and
land development   920,408     966,499     992,820     989,306     1,044,637
loans
Commercial real    2,914,969   2,872,254   2,873,403   2,923,094   2,907,007
estate loans
Residential        1,695,197   1,616,093   1,587,519   1,577,944   1,561,640
mortgage loans
Consumer loans     1,578,583   1,573,309   1,603,734   1,654,170   1,685,341
Total loans        11,734,472  11,681,497  11,482,762  11,577,802  11,434,448
Loans held for     18,444      20,233      34,813      50,605      50,389
sale
Securities         4,124,202   4,303,918   4,662,279   3,716,460   4,053,271
Short-term         462,313     442,917     475,677     1,500,188   320,057
investments
Earning assets     16,339,431  16,448,565  16,655,531  16,845,055  15,858,165
Allowance for loan (138,223)   (137,969)   (137,777)   (136,171)   (135,591)
losses
Other assets       2,600,638   2,623,705   2,546,369   2,755,601   2,800,472
Total assets       $18,801,846 $18,934,301 $19,064,123 $19,464,485 $18,523,046
                                                              
Noninterest        $5,479,696  $5,340,177  $5,418,463  $5,624,127  $5,151,146
bearing deposits
Interest bearing
transaction and    6,008,042   5,965,372   6,017,735   6,038,003   5,876,638
savings deposits
Interest bearing
public fund        1,240,336   1,410,866   1,528,790   1,580,260   1,321,227
deposits
Time deposits      2,326,797   2,439,523   2,288,363   2,501,798   2,423,940
Total interest     9,575,175   9,815,761   9,834,888   10,120,061  9,621,805
bearing deposits
Total deposits    15,054,871  15,155,938  15,253,351  15,744,188  14,772,951
Short-term         782,779     828,107     722,537     639,133     748,634
borrowings
Long-term debt     376,664     385,122     393,920     396,589     308,327
Other liabilities  231,090     219,794     217,215     231,297     258,646
Common
shareholders'      2,356,442   2,345,340   2,477,100   2,453,278   2,434,488
equity
Total liabilities  $18,801,846 $18,934,301 $19,064,123 $19,464,485 $18,523,046
& common equity
                                                              
Capital Ratios                                                 
                                                              
Common
shareholders'      $2,356,442  $2,345,340  $2,477,100  $2,453,278  $2,434,488
equity
Tier 1 capital (f) 1,657,136   1,632,874   1,700,115   1,668,809   1,631,372
Tangible common    8.68%       8.52%       9.14%       8.77%       9.09%
equity ratio
Common equity
(period-end) as a
percent of total   12.53%      12.39%      12.99%      12.60%      13.14%
assets
(period-end)
Leverage (Tier 1)  9.17%       8.96%       9.28%       9.11%       9.17%
ratio (f)
Tier 1 risk-based  12.16%      11.98%      12.78%      12.64%      12.49%
capital ratio (f)
Total risk-based   13.62%      13.43%      14.41%      14.28%      14.14%
capital ratio (f)

(f) Estimated for most recent period-end.

                                                              
Hancock Holding                                               
Company
Financial                                                     
Highlights
(amounts in                                                   
thousands)
(unaudited)                                                  
                                                              
                  Three Months Ended                Nine Months Ended
                  9/30/2013   6/30/2013   9/30/2012   9/30/2013   9/30/2012
Average Balance                                                
Sheet
                                                              
Commercial
non-real estate    $4,720,608  $4,539,259  $4,056,457  $4,558,934  $3,903,767
loans
Construction and
land development   970,411     984,449     1,092,181   976,702     1,197,915
loans
Commercial real    2,891,830   2,894,432   2,869,996   2,893,923   2,892,762
estate loans
Residential        1,668,201   1,625,672   1,573,559   1,640,320   1,557,210
mortgage loans
Consumer loans     1,570,345   1,579,397   1,667,399   1,589,366   1,646,100
Total loans (g)    11,821,395  11,623,209  11,259,592  11,659,245  11,197,754
Securities (h)     4,135,348   4,423,441   4,039,191   4,163,436   4,174,956
Short-term         427,892     453,565     531,195     644,349     705,205
investments
Earning assets     16,384,635  16,500,215  15,829,978  16,467,030  16,077,915
Allowance for loan (137,936)   (137,815)   (140,661)   (137,624)   (136,257)
losses
Other assets       2,549,328   2,660,432   2,909,649   2,659,791   2,983,774
Total assets       $18,796,027 $19,022,832 $18,598,966 $18,989,197 $18,925,432
                                                              
Noninterest        $5,415,303  $5,346,916  $5,076,152  $5,359,325  $5,194,751
bearing deposits
Interest bearing
transaction and    5,919,709   5,965,769   5,869,281   5,955,711   5,792,586
savings deposits
Interest bearing
public fund        1,302,425   1,483,267   1,426,405   1,463,750   1,491,514
deposits
Time deposits      2,384,248   2,415,411   2,473,450   2,402,061   2,624,039
Total interest     9,606,382   9,864,447   9,769,136   9,821,522   9,908,139
bearing deposits
Total deposits     15,021,685  15,211,363  14,845,288  15,180,847  15,102,890
Short-term         820,500     790,103     794,925     791,641     842,702
borrowings
Long-term debt     385,203     393,641     317,379     391,712     344,638
Other liabilities  229,694     222,656     236,134     228,056     245,940
Common
shareholders'      2,338,945   2,405,069   2,405,240   2,396,941   2,389,262
equity
Total liabilities  $18,796,027 $19,022,832 $18,598,966 $18,989,197 $18,925,432
& common equity

(g) Includes loans held for sale
(h) 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)
                                                                                   
                Three Months Ended
                9/30/2013                  6/30/2013                  9/30/2012
                Interest Volume      Rate  Interest Volume      Rate  Interest Volume      Rate
                                                                                   
Average Earning                                                                     
Assets
Commercial &
real estate      $109,450 $8,582,849  5.06% $103,344 $8,418,140  4.92% $109,069 $8,018,634  5.41%
loans (TE)
Residential      24,968  1,668,201  5.99% 27,540  1,625,672  6.78% 28,533  1,573,559  7.25%
mortgage loans
Consumer loans   25,740  1,570,345  6.51% 26,534  1,579,397  6.74% 29,942  1,667,399  7.14%
Loan fees & late 689     --         0.00% 1,236   --         0.00% 891     --         0.00%
charges
Total loans     160,847 11,821,395 5.41% 158,654 11,623,209 5.47% 168,435 11,259,592 5.95%
(TE)
                                                                                   
US Treasury and
government       33      5,585      2.34% 1       150        2.67% 51      18,419     1.10%
agency
securities
CMOs             7,278   1,463,403  1.99% 7,454   1,589,017  1.88% 7,820   1,663,741  1.88%
Mortgage backed  13,042  2,410,763  2.16% 13,217  2,593,270  2.04% 12,530  2,097,097  2.39%
securities
Municipals (TE)  2,715   247,140    4.39% 2,630   232,987    4.51% 2,864   252,771    4.51%
Other securities 53      8,457      2.51% 56      8,017      2.79% 63      7,163      3.58%
Total
securities (TE)  23,121  4,135,348  2.24% 23,358  4,423,441  2.11% 23,328  4,039,191  2.30%
(i)
                                                                                   
Total
short-term       253     427,892    0.23% 280     453,565    0.25% 308     531,195    0.23%
investments
                                                                                   
Average earning
assets yield     $184,221 $16,384,635 4.47% $182,292 $16,500,215 4.42% $192,071 $15,829,978 4.84%
(TE)
                                                                                   
Interest-bearing                                                                    
Liabilities
Interest-bearing
transaction and  $1,398   $5,919,709  0.09% $1,542   $5,965,769  0.10% $1,688   $5,869,281  0.11%
savings
deposits
Time deposits    3,687   2,384,248  0.61% 3,795   2,415,411  0.63% 4,829   2,473,450  0.78%
Public funds     766     1,302,425  0.23% 852     1,483,267  0.23% 1,002   1,426,405  0.28%
Total interest  5,851   9,606,382  0.24% 6,189   9,864,447  0.25% 7,519   9,769,136  0.31%
bearing deposits
                                                                                   
Short-term       1,074   820,500    0.52% 1,058   790,103    0.54% 1,522   794,925    0.76%
borrowings
Long-term debt   3,184   385,203    3.28% 3,223   393,641    3.28% 2,908   317,379    3.65%
Total           4,258   1,205,703  1.40% 4,281   1,183,744  1.45% 4,430   1,112,304  1.58%
borrowings
                                                                                   
Total interest
bearing          $10,109  $10,812,085 0.37% $10,470  $11,048,191 0.38% $11,949  $10,881,440 0.44%
liabilities cost
                                                                                   
Net
interest-free            5,572,550               5,452,024               4,948,538  
funding sources
                                                                                   
Total Cost of    $10,109  $16,384,635 0.24% $10,470  $16,500,215 0.25% $11,949  $15,829,978 0.30%
Funds
                                                                                   
Net Interest     $174,112            4.10% $171,822            4.04% $180,122            4.40%
Spread (TE)
                                                                                   
Net Interest     $174,112 $16,384,635 4.23% $171,822 $16,500,215 4.17% $180,122 $15,829,978 4.54%
Margin (TE)

(i) 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
                        9/30/2013                  9/30/2012
                        Interest Volume      Rate  Interest Volume      Rate
                                                                   
Average Earning Assets                                              
Commercial & real estate $326,090 $8,429,559  5.17% $330,355 $7,994,444  5.52%
loans (TE)
Residential mortgage     78,188  1,640,320  6.36% 83,664  1,557,210  7.16%
loans
Consumer loans           78,775  1,589,366  6.63% 86,876  1,646,100  7.05%
Loan fees & late charges 2,493   --         0.00% 3,238   --         0.00%
Total loans (TE)        485,546 11,659,245 5.56% 504,133 11,197,754 6.01%
                                                                   
US Treasury and
government agency        51      3,771      1.81% 2,052   126,273    2.17%
securities
CMOs                     21,823  1,528,825  1.90% 22,586  1,534,909  1.96%
Mortgage backed          37,864  2,390,098  2.11% 40,858  2,237,794  2.43%
securities
Municipals (TE)          7,899   232,478    4.53% 8,872   267,793    4.42%
Other securities         150     8,264      2.42% 255     8,187      4.15%
Total securities (TE)   67,787  4,163,436  2.17% 74,623  4,174,956  2.39%
(j)
                                                                   
Total short-term        1,178   644,349    0.24% 1,304   705,205    0.25%
investments
                                                                   
Average earning assets  $554,511 $16,467,030 4.50% $580,060 $16,077,915 4.82%
yield (TE)
                                                                   
Interest-Bearing                                                    
Liabilities
Interest-bearing         $4,599   $5,955,711  0.10% $5,634   $5,792,586  0.13%
transaction deposits
Time deposits            11,568  2,402,061  0.64% 16,735  2,624,039   0.85%
Public funds             2,618   1,463,750  0.24% 3,285   1,491,514   0.29%
Total interest bearing  18,785  9,821,522  0.26% 25,654  9,908,139  0.35%
deposits
                                                                   
Short-term borrowings    3,450   791,641    0.58% 4,792   842,702    0.76%
Long-term debt           9,601   391,712    3.28% 9,961   344,638    3.86%
Total borrowings        13,051  1,183,353  1.47% 14,753  1,187,340  1.66%
                                                                   
Total interest bearing  $31,836  $11,004,875 0.39% $40,407  $11,095,479 0.49%
liabilities cost
                                                                   
Net interest-free                5,462,155               4,982,436   
funding sources
                                                                   
Total Cost of Funds      $31,836  $16,467,030 0.26% $40,407  $16,077,915 0.34%
                                                                   
Net Interest Spread (TE) $522,675            4.11% $539,653            4.33%
                                                                   
Net Interest Margin (TE) $522,675 $16,467,030 4.24% $539,653 $16,077,915 4.48%

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


Hancock Holding Company
Quarterly Financial Data
(amounts in thousands, except per share data and FTE headcount)
(unaudited)
                       Three Months Ended
                       9/30/2013  6/30/2013  3/31/2013  12/31/2012 9/30/2012
Per Common Share Data                                           
                                                               
Earnings per share:                                             
Basic                  $0.40      $0.55      $0.56      $0.55      $0.55
Diluted                $0.40      $0.55      $0.56      $0.54      $0.55
Operating earnings per                                          
share: (k)
Basic                   $0.56      $0.55      $0.56      $0.54      $0.58
Diluted                $0.56      $0.55      $0.56      $0.54      $0.58
Cash dividends per      $0.24      $0.24      $0.24      $0.24      $0.24
share
Book value per share    $28.70     $28.57     $29.18     $28.91     $28.71
(period-end)
Tangible book value per $19.04     $18.83     $19.67     $19.27     $18.97
share (period-end)
Weighted average number                                         
of shares:
Basic                  82,091     83,279     84,871     84,798     84,777
Diluted                82,205     83,357     84,972     85,777     85,632
Period-end number of    82,107     82,078     84,882     84,848     84,782
shares
Market data:                                                    
High sales price       $33.85     $30.93     $33.59     $32.50     $33.27
Low sales price        $29.00     $25.00     $29.37     $29.47     $27.99
Period end closing     $31.38     $30.07     $30.92     $31.73     $30.98
price
Trading volume         29,711     38,599     29,469     20,910     26,877
                                                               
Other Period-end Data                                           
                                                               
FTE headcount           4,068      4,160      4,197      4,235      4,290
Tangible common equity  $1,563,542 $1,545,122 $1,669,435 $1,634,833 $1,608,285
Tier I capital          $1,657,136 $1,632,874 $1,700,115 $1,668,809 $1,631,372
Goodwill                $625,675   $625,675   $625,675   $628,877   $628,877
Amortizing intangibles  $167,116   $174,423   $181,853   $189,409   $197,139
                                                               
Performance Ratios                                              
                                                               
Return on average       0.70%      0.99%      1.03%      0.99%      1.00%
assets
Return on average       0.99%      0.99%      1.03%      0.98%      1.07%
assets (operating) (k)
Return on average       5.63%      7.82%      8.05%      7.67%      7.77%
common equity
Return on average
common equity           7.93%      7.82%      8.05%      7.60%      8.24%
(operating) (k)
Return on average       8.54%      11.74%     12.04%     11.58%     11.87%
tangible common equity
Return on average
tangible common equity  12.03%     11.74%     12.04%     11.48%     12.59%
(operating) (k)
Tangible common equity  8.68%      8.52%      9.14%      8.77%      9.09%
ratio
Earning asset yield     4.47%      4.42%      4.60%      4.76%      4.84%
(TE)
Total cost of funds     0.24%      0.25%      0.28%      0.28%      0.30%
Net interest margin     4.23%      4.17%      4.32%      4.48%      4.54%
(TE)
Efficiency ratio (l)    64.95%     65.68%     64.17%     60.78%     64.33%
Allowance for loan
losses as a percent of  1.18%      1.18%      1.20%      1.18%      1.19%
period-end loans
Allowance for loan
losses to
non-performing loans +  94.69%     91.43%     87.34%     81.40%     77.81%
accruing loans90 days
past due
Average loan/deposit    78.70%     76.41%     75.30%     76.29%     75.85%
ratio
Noninterest income
excludingsecurities
transactions as a       26.59%     27.11%     25.40%     26.02%     25.86%
percentof total
revenue (TE)

(k) Excludes tax-effected securities transactions and one-time noninterest
expense items.Management believes that operating income provides a useful
measure of financial performance that helps investors compare the Company's
fundamental operations over time.
(l) Efficiency ratio is defined as noninterest expense as a percent of total
revenue (TE) before amortization of purchased intangibles, one-time
noninterest expense items, and securities transactions.


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

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