Hancock Reports Fourth Quarter 2013 Financial Results

Hancock Reports Fourth Quarter 2013 Financial Results

Higher Core Net Interest Income and Lower Operating Expense Largely Offset
Declining Purchased Loan Accretion

GULFPORT, Miss., Jan. 23, 2014 (GLOBE NEWSWIRE) -- Hancock Holding Company
(Nasdaq:HBHC) today announced its financial results for the fourth quarter of
2013. Operating income for the fourth quarter of 2013 was $45.8 million or
$.55 per diluted common share, compared to $46.8 million, or $.56 in the third
quarter of 2013. Operating income was $46.6 million, or $.54, in the fourth
quarter of 2012. We define our operating income as net income excluding
tax-effected securities transactions gains or 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. The financial tables include a
reconciliation of net income to operating income.

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

  *Core net interest income (TE) increased approximately $1.5 million and
    core net interest margin (NIM) improved 3 basis points (bps)
    linked-quarter (we define our core results as reported results less the
    impact of net purchase accounting adjustments)
  *Operating expenses declined $4.2 million linked-quarter as the Company
    remains on track to meet its first quarter of 2014 expense target
  *Approximately $625 million linked-quarter net loan growth, or 22%
    annualized, and over $900 million, or 8%, year-over-year loan growth (each
    excluding the FDIC-covered portfolio)
  *Purchase accounting loan accretion declined approximately $8 million, or
    $.06 per diluted common share after tax
  *Continued improvement in overall asset quality metrics
  *Tax rate declined to 20%, mainly related to benefits from additional
    investments in New Market Tax Credit projects in the fourth quarter
  *Net income included one-time noninterest expense items of $17.1 million,
    or $11.1 million after tax ($.14 per diluted common share)

Hancock's return on average assets (ROA) (operating) was 0.97% for the fourth
quarter of 2013, down slightly from 0.99% in the third quarter of 2013 and
0.98% in the fourth quarter a year ago.

"I have noted in previous quarters that our performance reflected an
improvement in our core results, a trend we expected to build upon in the
future," said Hancock's President and Chief Executive Officer Carl J. Chaney.
"In the fourth quarter that trend accelerated and has now become more evident
in our results. The results reflect the significant progress we are making in
replacing the runoff in purchase accounting loan accretion with core operating
income. Improvements were noted in many areas such as loan growth and mix,
core net interest income and core net interest margin, and a reduction in
operating expenses."

Net income in the fourth quarter of 2013 was $34.7 million, or $.41 per
diluted common share, compared to $33.2 million, or $.40, in the third quarter
of 2013. Net income was $47.0 million, or $.54 per diluted common share, in
the fourth quarter of 2012. Return on average assets (ROA) was 0.74% for the
fourth quarter of 2013, compared to 0.70% in the third quarter of 2013 and
0.99% in the fourth quarter a year ago. Net income reflected the impact of
certain one-time noninterest expenses of $17.1 million in the fourth quarter
of 2013 and $20.9 million in the third quarter of 2013.

Loans

Total loans at December 31, 2013 were $12.3 billion, up $590 million from
September 30, 2013.Excluding the FDIC-covered portfolio, which declined $33
million during the fourth quarter of 2013, total loans increased approximately
$625 million, or 5.5% linked-quarter.

The largest component of linked-quarter net growth (excluding the FDIC-covered
portfolio) was in the commercial and industrial (C&I) portfolio (+10%),
followed by increases in the commercial real estate (CRE) (+5%) and
residential mortgage (+3%) portfolios. Many of the markets across the
Company's footprint reported net loan growth during the quarter, with the
majority of the growth in south Louisiana, Houston and Florida markets.The
fourth quarter also included some net growth from seasonal borrowers, and loan
paydowns and payoffs returned to a more normal level compared to the third
quarter of 2013.For the full year of 2014 management expects period-end loan
growth in the mid-single digit range.

A substantial portion of the fourth quarter's net loan growth came toward the
latter part of the period, and average loans were up $101 million, or 1%, from
the third quarter of 2013.

Deposits

Total deposits at December 31, 2013 were $15.4 billion, up $306 million, or
2%, from September 30, 2013.Average deposits for the fourth quarter of 2013
were $14.9 billion, down $106 million, or 1%, from the third quarter of 2013.

Noninterest-bearing demand deposits (DDAs) totaled $5.5 billion at December
31, 2013, up $51 million, or 1%, compared to September 30, 2013.DDAs
comprised 36% of total period-end deposits at December 31, 2013.

Interest bearing transaction and savings deposits totaled $6.2 billion at
year-end 2013, up $155 million, or 3%, from September 30, 2013.

Time deposits (CDs) and interest-bearing public fund deposits totaled $3.7
billion at December 31, 2013, up $100 million, or 3%, from September 30,
2013.Public fund deposits typically reflect higher balances toward year-end
with subsequent reductions beginning in the first quarter.

Asset Quality

Non-performing assets (NPAs) totaled $186 million at December 31, 2013, down
$30 million from September 30, 2013.During the fourth quarter, total
non-performing loans declined $21 million, and foreclosed and surplus real
estate (ORE) and other foreclosed assets decreased $9 million.Non-performing
assets as a percent of total loans, ORE and other foreclosed assets was 1.50%
at December 31, 2013, down from 1.83% at September 30, 2013.

The Company's total allowance for loan losses was $133.6 million at December
31, 2013, down from $138.2 million at September 30, 2013. The ratio of the
allowance to period-end loans was 1.08%, compared to 1.18% at September 30,
2013.The decline in the allowance during the fourth quarter was primarily
related to a $7.2 million reversal of a previous impairment on FDIC covered
loans.The allowance maintained on the non-covered portion of the loan
portfolio increased $2.6 million linked-quarter, totaling $80.5 million at
December 31, 2013.

Net charge-offs from the non-covered loan portfolio were $5.2 million, or
0.17% of average total loans on an annualized basis in the fourth quarter of
2013, virtually unchanged from $5.4 million, or 0.18% of average total loans
in the third quarter of 2013.

During the fourth quarter of 2013, Hancock recorded a total provision for loan
losses of $7.3 million, down slightly from $7.6 million in the third quarter
of 2013.The provision for non-covered loans was $7.9 million in the fourth
quarter of 2013, compared to $6.5 million in the third quarter of 2013.The
net provision from the covered portfolio was a credit of $0.5 million for the
fourth quarter of 2013 compared to a provision of $1.0 million in the third
quarter of 2013.This decline was driven by the reversal of impairment noted
above.

Net Interest Income

Net interest income (TE) for the fourth quarter of 2013 was $168.5 million,
down $5.6 million from the third quarter of 2013.Average earning assets were
$16.4 billion, virtually unchanged from the third quarter of 2013.The
reported net interest margin (TE) was 4.09% for the fourth quarter of 2013,
down 14 basis points (bps) from the third quarter of 2013.

The linked-quarter decrease in both net interest income and net interest
margin was primarily related to a decline of approximately $8 million in total
purchase accounting loan accretion.As discussed in previous quarters, loan
accretion can be volatile due in part to excess cash recoveries on
acquired-impaired loan pools.During the fourth quarter of 2013, there were no
excess cash recoveries above expected amounts included in the purchase
accounting income total.The slide presentation referenced below includes
detailed information on expected loan accretion and excess cash recoveries.

The core margin (reported net interest income (TE) excluding total net
purchase accounting adjustments, annualized, as a percent of average earning
assets) expanded 3 bps to 3.40% during the fourth quarter of 2013.A slight
decline in the core loan yield (-3 bps) was offset by an improved earning
asset mix, higher yields on investment securities (+19 bps) and a slight
decline in the cost of funds (-1 bp).

Noninterest Income

Noninterest income totaled $59.0 million for the fourth quarter of 2013, down
$4.1 million from the third quarter of 2013.

Service charges on deposits totaled $19.6 million for the fourth quarter of
2013, down $0.9 million, or 4%, from the third quarter of 2013.Bankcard and
ATM fees totaled $11.3 million, down approximately $1.0 million, or 8%, from
the third quarter of 2013.

Trust, investment and annuity, and insurance fees totaled $18.1 million, down
$0.2 million, or 1%, from the third quarter of 2013.During the fourth
quarter, an increase of $0.7 million, or 8%, in trust fees was offset by
declines in investment and annuity, and insurance fees.

Fees from secondary mortgage operations totaled $1.6 million for the fourth
quarter of 2013, down $0.9 million, or 37%, linked-quarter.The decline mainly
reflects a continued slowdown in mortgage loan activity, reflecting mainly the
impact of increased longer-term interest rates on originations.The fourth
quarter's activity also reflects a continued higher level of portfolio loan
production compared to secondary market loan production.

Other noninterest income totaled $8.3 million for the fourth quarter of 2013,
down $1.2 million, or 12%, linked-quarter.The decline mainly reflects a lower
level of expected future losses on covered loans, which resulted in an
increase of $1.1 million in the amortization of the indemnification asset.

Noninterest Expense & Taxes

Noninterest expense for the fourth quarter of 2013 totaled $174.2 million,
including $17.1 million of one-time costs related to the expense and
efficiency initiative.Excluding these costs, noninterest expense (or
operating expense) totaled $157.1 million, down $4.2 million, or 3%, from the
comparable operating expense total for the third quarter of 2013.

Excluding one-time costs, total personnel expense, the largest component of
the Company's expense base, was $84.9 million in the fourth quarter of 2013,
down $1.9 million, or 2%, from the third quarter of 2013.Occupancy and
equipment expense totaled $16.3 million in the fourth quarter of 2013, down
$1.2 million, or 7%, from the third quarter of 2013.The reduction in the
personnel, occupancy and equipment expense categories reflect in part a full
quarter's impact from the closing of 26 branch locations across the Company's
five-state footprint in August 2013.

The sale of 7 Houston area branches was completed on November 8, 2013, and the
sale of 3 Alexandria, Louisiana area branches was completed on January 10,
2014.Additionally, at year-end, the Company closed the remaining two branches
that were part of the previously announced ongoing branch rationalization
process.

ORE expense totaled $1.5 million in the fourth quarter of 2013, down $0.9
million from the third quarter, while other operating expense was essentially
unchanged at $47.2 million.

The effective income tax rate for the fourth quarter of 2013 was 20%, down
from 26% in the third quarter of 2013.The decline in the tax rate is
primarily related to several additional New Market Tax Credit investments that
were closed during the fourth quarter of 2013.Management expects the
effective tax rate to approximate 25-27% in 2014.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 at year-end 2013 totaled $2.4 billion.The
tangible common equity (TCE) ratio was 9.00% at December 31, 2013, up 32 bps
from September 30, 2013.Management continues to review a full range of the
strategic options 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 8:00 a.m.
Central Time on Friday, January 24, 2014 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 fourth 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 January 30, 2014 by dialing (855) 859-2056 or (404)
537-3406, passcode 30587330.

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             Twelve Months Ended
              12/31/2013 9/30/2013  12/31/2012 12/31/2013 12/31/2012
Common Share Data                                                          
                                                      
Earnings per                                           
share:
Basic         $0.41      $0.40      $0.55      $1.93      $1.77
Diluted       $0.41      $0.40      $0.54      $1.93      $1.75
Operating
earnings per                                           
share: (a)
Basic         $0.55      $0.56      $0.54      $2.22      $2.15
Diluted       $0.55      $0.56      $0.54      $2.22      $2.13
Cash dividends $0.24      $0.24      $0.24      $0.96      $0.96
per share
Book value per
share          $29.49     $28.70     $28.91     $29.49     $28.91
(period-end)
Tangible book
value per      $19.94     $19.04     $19.27     $19.94     $19.27
share
(period-end)
Weighted
average number                                         
of shares:
Basic         82,085    82,091    84,798    83,066    84,767
Diluted       82,220    82,205    85,777    83,167    85,588
Period-end
number of      82,237    82,107    84,848    82,237    84,848
shares
Market data:                                           
High sales    $37.12     $33.85     $32.50     $37.12     $36.73
price
Low sales     $30.09     $29.00     $29.47     $25.00     $27.96
price
Period end    $36.68     $31.38     $31.73     $36.68     $31.73
closing price
Trading       27,816    29,711    20,910    122,496   119,519
volume
                                                      
                                                      
Other Period-end Data                                                      
                                                      
FTE headcount  3,978     4,068      4,235      3,978     4,235
Tangible       $1,639,524 $1,563,542 $1,634,833 $1,639,524 $1,634,833
common equity
Tier I capital $1,682,782 $1,656,497 $1,668,809 $1,682,782 $1,668,809
Goodwill      $625,675   $625,675   $628,877   $625,675   $628,877
Amortizing     $159,773   $167,116   $189,409   $159,773   $189,409
intangibles
                                                      
Performance Ratios                                                         
                                                      
Return on      0.74%      0.70%      0.99%      0.86%      0.80%
average assets
Return on
average assets 0.97%      0.99%      0.98%      0.99%      0.97%
(operating)
(a)
Return on
average common 5.85%      5.63%      7.67%      6.84%      6.32%
equity
Return on
average common
equity         7.71%      7.93%      7.60%      7.88%      7.66%
(operating)
(a)
Return on
average        8.79%      8.54%      11.58%     10.30%     9.72%
tangible
common equity
Return on
average
tangible       11.59%     12.03%     11.48%     11.85%     11.78%
common equity
(operating)
(a)
Tangible
common equity  9.00%      8.68%      8.77%      9.00%      8.77%
ratio
Earning asset  4.32%      4.47%      4.76%      4.45%      4.80%
yield (TE)
Total cost of  0.23%      0.24%      0.28%      0.25%      0.32%
funds
Net interest   4.09%      4.23%      4.48%      4.20%      4.48%
margin (TE)
Efficiency     65.94%     64.95%     60.78%     65.17%     64.63%
ratio (b)
Allowance for
loan losses as
a percent of   1.08%      1.18%      1.18%      1.08%      1.18%
period-end
loans
Allowance for
loan losses to
non-performing                                         
loans +
accruing
loans
90 days past  111.97%    94.69%     81.40%     111.97%    81.40%
due
Average
loan/deposit   79.93%     78.70%     76.29%     77.56%     74.68%
ratio
Noninterest
income
excluding
securities     25.90%     26.59%     26.02%     26.25%     25.88%
transactions
as a percent
of total
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 securities transactions.

                                                     

Hancock Holding Company
Financial Highlights
(amounts in thousands)
(unaudited)
                                                     
              Three Months Ended            Twelve Months Ended
              12/31/2013 9/30/2013 12/31/2012 12/31/2013 12/31/2012
Income Statement                                                          
                                                     
Interest       $175,650   $181,639  $191,140   $722,210   $762,549
income
Interest       178,109    184,221   194,075    732,620    774,134
income (TE)
Interest       9,643      10,109    11,275     41,479     51,682
expense
Net interest   168,466    174,112   182,800    691,141    722,452
income (TE)
Provision for  7,331      7,569     28,051     32,734     54,192
loan losses
Noninterest
income
excluding      58,894     63,057    64,308     246,038    252,195
securities
transactions
Securities
transactions   105        --       623        105        1,552
gains
Noninterest    174,213    182,205   157,920    678,274    713,067
expense
Income before  43,462     44,813    58,825     215,866    197,355
income taxes
Income tax     8,746      11,611    11,866     52,510     45,613
expense
Net income     $34,716    $33,202   $46,959    $163,356   $151,742
                                                     
Adjustments from net to operating income                                  
Securities
transactions   105        --       623        105        1,552
gains
One-time
noninterest                                           
expense items
Merger-related --        --       --        --        45,789
expenses
Sub-debt early
redemption     --        --       --        --        5,336
costs
Expense &
efficiency     17,116     20,887    --        38,003     --
initiative and
other items
Total one-time
noninterest    17,116     20,887    --        38,003     51,125
expense items
Taxes on
adjustments at 5,954      7,310     (218)     13,264     17,350
35%
Total
adjustments    11,057     13,577    (405)     24,634     32,223
(net of taxes)
Operating      $45,773    $46,779   $46,554    $187,990   $183,965
income (c)
                                                     
Noninterest Income and Noninterest Expense                                
                                                     
Service
charges on     $19,605    $20,519   $20,232    $79,000    $78,246
deposit
accounts
Trust fees     10,214     9,477     8,273      38,186     32,736
Bank card and  11,261     12,221    11,526     45,939     49,112
ATM fees
Investment &   4,619      5,186     4,743      19,574     18,033
annuity fees
Secondary
mortgage       1,554      2,467     5,160      12,543     16,488
market
operations
Insurance fees 3,304      3,661     3,588      15,804     15,692
Other income   8,337      9,526     10,786     34,992     41,888
Noninterest
income
excluding      58,894     63,057    64,308     246,038    252,195
securities
transactions
Securities
transactions   105        --       623        105        1,552
gains
Total
noninterest
income         $58,999    $63,057   $64,931    $246,143   $253,747
including
securities
transactions
                                                     
Personnel      $84,912    $86,850   $87,358    $347,266   $356,734
expense
Occupancy      11,613     12,369    12,683     48,713     53,856
expense (net)
Equipment      4,679      5,120     5,051      20,019     21,862
expense
Other real
estate owned   1,535      2,439     2,236      8,036      12,250
expense (net)
Other
operating      47,180     47,234    42,862     186,767    185,173
expense
Amortization   7,178      7,306     7,730      29,470     32,067
of intangibles
Total
operating      157,097    161,318   157,920    640,271    661,942
expense
One-time
noninterest    17,116     20,887    --        38,003     51,125
expense items
Total
noninterest    $174,213   $182,205  $157,920   $678,274   $713,067
expense
                                                     
Common Share Data                                                         
                                                     
Earnings per                                          
share:
Basic         $0.41      $0.40     $0.55      $1.93      $1.77
Diluted       $0.41      $0.40     $0.54      $1.93      $1.75
Operating
earnings per                                          
share:
Basic         $0.55      $0.56     $0.54      $2.22      $2.15
Diluted       $0.55      $0.56     $0.54      $2.22      $2.13
Cash dividends $0.24      $0.24     $0.24      $0.96      $0.96
per share
Book value per
share          $29.49     $28.70    $28.91     $29.49     $28.91
(period-end)
Tangible book
value per      $19.94     $19.04    $19.27     $19.94     $19.27
share
(period-end)
Weighted
average number                                        
of shares:
Basic         82,085    82,091   84,798    83,066    84,767
Diluted       82,220    82,205   85,777    83,167    85,588
Period-end
number of      82,237    82,107   84,848    82,237    84,848
shares
Market data:                                          
High sales    $37.12     $33.85    $32.50     $37.12     $36.73
price
Low sales     $30.09     $29.00    $29.47     $25.00     $27.96
price
Period end    $36.68     $31.38    $31.73     $36.68     $31.73
closing price
Trading       27,816    29,711   20,910    122,496   119,519
volume


(c) Net income less tax-effected securities gains 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                            
             12/31/2013  9/30/2013   6/30/2013   3/31/2013   12/31/2012
Period-end Balance Sheet                                                       
                                                         
Commercial
non-real      $5,064,224  $4,625,315  $4,653,342  $4,425,286  $4,433,288
estate loans
Construction
and land      915,541     920,408     966,499     992,820     989,306
development
loans
Commercial
real estate   3,042,841   2,914,969   2,872,254   2,873,403   2,923,094
loans
Residential
mortgage      1,720,614   1,695,197   1,616,093   1,587,519   1,577,944
loans
Consumer      1,581,597   1,578,583   1,573,309   1,603,734   1,654,170
loans
Total loans   12,324,817  11,734,472  11,681,497  11,482,762  11,577,802
Loans held    24,515      18,444      20,233      34,813      50,605
for sale
Securities    4,033,124   4,124,202   4,303,918   4,662,279   3,716,460
Short-term    268,839     462,313     442,917     475,677     1,500,188
investments
Earning       16,651,295  16,339,431  16,448,565  16,655,531  16,845,055
assets
Allowance for (133,626)   (138,223)   (137,969)   (137,777)   (136,171)
loan losses
Other assets  2,491,582   2,600,638   2,623,705   2,546,369   2,755,601
Total assets  $19,009,251 $18,801,846 $18,934,301 $19,064,123 $19,464,485
                                                         
Noninterest
bearing       $5,530,253  $5,479,696  $5,340,177  $5,418,463  $5,624,127
deposits
Interest
bearing
transaction   6,162,959   6,008,042   5,965,372   6,017,735   6,038,003
and savings
deposits
Interest
bearing       1,571,532   1,240,336   1,410,866   1,528,790   1,580,260
public fund
deposits
Time deposits 2,095,772   2,326,797   2,439,523   2,288,363   2,501,798
Total
interest      9,830,263   9,575,175   9,815,761   9,834,888   10,120,061
bearing
deposits
Total         15,360,516  15,054,871  15,155,938  15,253,351  15,744,188
deposits
Short-term    657,960     782,779     828,107     722,537     639,133
borrowings
Long-term     385,826     376,664     385,122     393,920     396,589
debt
Other         179,880     231,090     219,794     217,215     231,297
liabilities
Common
shareholders' 2,425,069   2,356,442   2,345,340   2,477,100   2,453,278
equity
Total
liabilities & $19,009,251 $18,801,846 $18,934,301 $19,064,123 $19,464,485
shareholders'
equity
                                                                              
Capital Ratios                                                                 
                                                         
Common
shareholders' $2,425,069  $2,356,442  $2,345,340  $2,477,100  $2,453,278
equity
Tier 1        1,682,782   1,656,497   1,632,874   1,700,115   1,668,809
capital (d)
Tangible
common equity 9.00%       8.68%       8.52%       9.14%       8.77%
ratio
Common equity
(period-end)
as a percent  12.76%      12.53%      12.39%      12.99%      12.60%
of total
assets
(period-end)
Leverage
(Tier 1)      9.36%       9.10%       8.96%       9.28%       9.11%
ratio (d)
Tier 1
risk-based    11.87%      12.07%      12.00%      12.78%      12.64%
capital ratio
(d)
Total
risk-based    13.23%      13.52%      13.45%      14.41%      14.28%
capital ratio
(d)


(d) Estimated for most recent period-end.


Hancock Holding Company
Financial Highlights
(amounts in thousands)
(unaudited)
                                                         
             Three Months Ended                Twelve Months Ended
             12/31/2013  9/30/2013   12/31/2012  12/31/2013  12/31/2012
Average Balance Sheet                                                          
                                                         
Commercial
non-real      $4,786,680  $4,720,608  $4,316,455  $4,615,973  $4,007,506
estate loans
Construction
and land      931,214     970,411     1,035,401   965,237     1,157,064
development
loans
Commercial
real estate   2,915,323   2,891,830   2,910,880   2,899,317   2,897,317
loans
Residential
mortgage      1,715,716   1,668,201   1,613,919   1,659,324   1,571,465
loans
Consumer      1,573,446   1,570,345   1,667,134   1,585,353   1,651,387
loans
Total loans   11,922,379  11,821,395  11,543,789  11,725,204  11,284,739
(e)
Securities    4,070,657   4,135,348   3,732,815   4,140,051   4,063,817
(f)
Short-term    383,551     427,892     969,037     578,613     771,523
investments
Earning       16,376,587  16,384,635  16,245,641  16,443,868  16,120,079
assets
Allowance for (138,708)   (137,936)   (136,254)   (137,897)   (136,257)
loan losses
Other assets  2,501,212   2,549,328   2,855,565   2,623,047   2,951,547
Total assets  $18,739,091 $18,796,027 $18,964,952 $18,929,018 $18,935,369
                                                         
Noninterest
bearing       $5,483,918  $5,415,303  $5,420,081  $5,393,955  $5,251,391
deposits
Interest
bearing
transaction   5,981,110   5,919,709   5,930,964   5,962,114   5,827,370
and savings
deposits
Interest
bearing       1,253,199   1,302,425   1,332,163   1,410,679   1,451,459
public fund
deposits
Time deposits 2,197,450   2,384,248   2,448,694   2,350,488   2,579,963
Total
interest      9,431,759   9,606,382   9,711,821   9,723,281   9,858,792
bearing
deposits
Total         14,915,677  15,021,685  15,131,902  15,117,236  15,110,183
deposits
Short-term    848,934     820,500     847,058     806,082     843,798
borrowings
Long-term     381,561     385,203     321,713     389,153     338,875
debt
Other         237,151     229,694     229,100     229,983     241,710
liabilities
Common
shareholders' 2,355,768   2,338,945   2,435,179   2,386,564   2,400,803
equity
Total
liabilities & $18,739,091 $18,796,027 $18,964,952 $18,929,018 $18,935,369
shareholders'
equity


(e) Includes loans held for sale
(f) 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
                12/31/2013                 9/30/2013                  12/31/2012
                Interest Volume      Rate  Interest Volume      Rate  Interest Volume      Rate
                                                                                   
Average Earning                                                                     
Assets
Commercial &
real estate      $104,168 $8,633,217  4.79% $109,450 $8,582,849  5.06% $113,004 $8,262,736  5.44%
loans (TE)
Residential      23,612  1,715,716  5.50% 24,968  1,668,201  5.99% 27,998  1,613,919  6.94%
mortgage loans
Consumer loans   24,382  1,573,446  6.15% 25,740  1,570,345  6.51% 28,593  1,667,134  6.82%
Loan fees & late 1,001   --         0.00% 689     --         0.00% 3,098   --         0.00%
charges
Total loans     153,163 11,922,379 5.10% 160,847 11,821,395 5.41% 172,693 11,543,789 5.95%
(TE)
                                                                                   
US Treasury and
government       555     100,150    2.20% 33      5,585      2.34% 51      18,315     1.11%
agency
securities
CMOs             7,804   1,425,839  2.19% 7,278   1,463,403  1.99% 7,204   1,577,165  1.83%
Mortgage backed  13,866  2,299,544  2.41% 13,042  2,410,763  2.16% 10,475  1,891,704  2.22%
securities
Municipals (TE)  2,443   235,778    4.14% 2,715   247,140    4.39% 2,942   238,733    4.93%
Other securities 58      9,346      2.49% 53      8,457      2.51% 94      6,898      5.43%
Total
securities (TE)  24,726  4,070,657  2.43% 23,121  4,135,348  2.24% 20,766  3,732,815  2.21%
(g)
                                                                                   
Total
short-term       220     383,551    0.23% 253     427,892    0.23% 616     969,037    0.25%
investments
                                                                                   
Average earning
assets yield     $178,109 $16,376,587 4.32% $184,221 $16,384,635 4.47% $194,075 $16,245,641 4.76%
(TE)
                                                                                   
Interest-bearing                                                                    
Liabilities
Interest-bearing
transaction and  $1,399   $5,981,110  0.09% $1,398   $5,919,709  0.09% $1,719   $5,930,964  0.12%
savings
deposits
Time deposits    3,328   2,197,450  0.60% 3,687   2,384,248  0.61% 4,507   2,448,694  0.73%
Public funds     663     1,253,199  0.21% 766     1,302,425  0.23% 861     1,332,163  0.26%
Total interest  5,390   9,431,759  0.23% 5,851   9,606,382  0.24% 7,087   9,711,821  0.29%
bearing deposits
                                                                                   
Short-term       1,092   848,934    0.51% 1,074   820,500    0.52% 1,273   847,058    0.60%
borrowings
Long-term debt   3,161   381,561    3.29% 3,184   385,203    3.28% 2,915   321,713    3.60%
Total           4,253   1,230,495  1.37% 4,258   1,205,703  1.40% 4,188   1,168,771  1.43%
borrowings
                                                                                   
Total interest
bearing          $9,643   $10,662,254 0.36% $10,109  $10,812,085 0.37% $11,275  $10,880,592 0.41%
liabilities cost
                                                                                   
Net
interest-free            5,714,333               5,572,550               5,365,049  
funding sources
                                                                                   
Total Cost of    $9,643   $16,376,587 0.23% $10,109  $16,384,635 0.24% $11,275  $16,245,641 0.28%
Funds
                                                                                   
Net Interest     $168,466            3.96% $174,112            4.10% $182,800            4.35%
Spread (TE)
                                                                                   
Net Interest     $168,466 $16,376,587 4.09% $174,112 $16,384,635 4.23% $182,800 $16,245,641 4.48%
Margin (TE)


(g) 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)
                                                                   
                        Twelve Months Ended
                        12/31/2013                 12/31/2012
                        Interest Volume      Rate  Interest Volume      Rate
                                                                   
Average Earning Assets                                              
Commercial & real estate $430,258 $8,480,527  5.07% $443,360 $8,061,887  5.50%
loans (TE)
Residential mortgage     101,800 1,659,324  6.14% 111,662 1,571,465  7.11%
loans
Consumer loans           103,157 1,585,353  6.51% 115,470 1,651,387  6.99%
Loan fees & late charges 3,494   --         0.00% 6,335   --         0.00%
Total loans (TE)        638,709 11,725,204 5.45% 676,827 11,284,739 6.00%
                                                                   
US Treasury and
government agency        606     28,063     2.16% 2,104   99,136     2.12%
securities
CMOs                     29,627  1,502,867  1.97% 29,790  1,545,531  1.93%
Mortgage backed          51,730  2,367,274  2.19% 51,332  2,150,799  2.39%
securities
Municipals (TE)          10,342  233,310    4.43% 11,814  260,488    4.54%
Other securities         208     8,537      2.44% 348     7,863      4.43%
Total securities (TE)   92,513  4,140,051  2.23% 95,388  4,063,817  2.35%
(h)
                                                                   
Total short-term        1,398   578,613    0.24% 1,919   771,523    0.25%
investments
                                                                   
Average earning assets  $732,620 $16,443,868 4.45% $774,134 $16,120,079 4.80%
yield (TE)
                                                                   
Interest-Bearing                                                    
Liabilities
Interest-bearing         $5,998   $5,962,114  0.10% $7,353   $5,827,370  0.13%
transaction deposits
Time deposits            14,896  2,350,488  0.63% 21,242  2,579,963   0.82%
Public funds             3,281   1,410,679  0.23% 4,146   1,451,459   0.29%
Total interest bearing  24,175  9,723,281  0.25% 32,741  9,858,792  0.33%
deposits
                                                                   
Short-term borrowings    4,542   806,082    0.56% 6,065   843,798    0.72%
Long-term debt           12,762  389,153    3.28% 12,876  338,875    3.80%
Total borrowings        17,304  1,195,235  1.45% 18,941  1,182,673  1.60%
                                                                   
Total interest bearing  $41,479  $10,918,516 0.38% $51,682  $11,041,465 0.47%
liabilities cost
                                                                   
Net interest-free                5,525,352               5,078,614   
funding sources
                                                                   
Total Cost of Funds      $41,479  $16,443,868 0.25% $51,682  $16,120,079 0.32%
                                                                   
Net Interest Spread (TE) $691,141            4.07% $722,452            4.33%
                                                                   
Net Interest Margin (TE) $691,141 $16,443,868 4.20% $722,452 $16,120,079 4.48%


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

                                                                 

Hancock Holding Company
Financial Highlights
(amounts in thousands)
(unaudited)
                                                                 
                     Three Months Ended                Twelve Months Ended
                     12/31/2013  9/30/2013   12/31/2012  12/31/2013  12/31/2012
Asset Quality Information                                                              
                                                                 
Non-accrual loans (i) $84,011     $100,649    $121,837    $84,011     $121,837
Restructured loans    24,947      29,705      32,215      24,947      32,215
(j)
Total non-performing  108,958     130,354     154,052     108,958     154,052
loans
ORE and foreclosed    76,979      85,560      102,072     76,979      102,072
assets
Total non-performing  $185,937    $215,914    $256,124    $185,937    $256,124
assets
Non-performing assets
as a percent of       1.50%       1.83%       2.19%       1.50%       2.19%
loans, ORE and
foreclosed assets
Accruing loans 90     $10,387     $15,620     $13,244     $10,387     $13,244
days past due
Accruing loans 90
days past due as a    0.08%       0.13%       0.11%       0.08%       0.11%
percent of loans
Non-performing assets
+ accruing loans 90
days past due to      1.58%       1.96%       2.31%       1.58%       2.31%
loans, ORE and
foreclosed assets
                                                                 
Net charge-offs -     $5,216      $5,430      $28,038     $24,309     $55,031
non-covered
Net charge-offs -     (3,399)     506         3,230       2,355       26,069
covered
Net charge-offs -
non-covered as a      0.17%       0.18%       0.97%       0.21%       0.49%
percent of average
loans
                                                                 
Allowance for loan    $133,626    $138,233    $136,171    $133,626    $136,171
losses
Allowance for loan
losses as a percent   1.08%       1.18%       1.18%       1.08%       1.18%
of period-end loans
Allowance for loan losses to
non-performing loans + accruing                                    
loans
90 days past due     111.97%     94.69%      81.40%      111.97%     81.40%
                                                                 
Provision for loan    $7,331      $7,569      $28,051     $32,734     $54,192
losses
                                                                 
Allowance for Loan Losses                                                              
                                                                 
Beginning Balance     $138,223    $137,969    $135,591    $136,171    $124,881
Net provision for
loan losses - covered (532)      1,024       199         7,455       2,823
loans
Provision for loan
losses - non-covered  7,863       6,545       27,852      25,279      51,369
loans
Net provision for     7,331       7,569       28,051      32,734      54,192
loan losses
(Decrease)increasein
FDIC loss share       (10,111)   (1,379)    3,797       (8,615)    38,198
receivable
Charge-offs -         11,515      8,698       30,172      42,899      64,760
non-covered
Recoveries -          (6,299)    (3,268)     (2,134)     (18,590)    (9,729)
non-covered
Net charge-offs -     (3,399)    506         3,230       2,355       26,069
covered
Net charge-offs       1,817       5,936       31,268      26,664      81,100
Ending Balance        $133,626    $138,223    $136,171    $133,626    $136,171
                                                                 
                                                                 
Net Charge-off Information                                                            
                                                                 
Net charge-offs -                                                 
non-covered:
Commercial/real       $2,183      $1,267      $23,090     $11,684     $36,902
estate loans
Residential mortgage  (197)      541         1,372       361         5,951
loans
Consumer loans        3,230       3,622       3,576       12,264      12,178
Total net charge-offs $5,216      $5,430      $28,038     $24,309     $55,031
- non-covered
                                                                 
Average loans:                                                    
Commercial/real       $8,633,217  $8,582,849  $8,262,736  $8,480,527  $8,061,887
estate loans
Residential mortgage  1,715,716   1,668,201   1,613,919   1,659,324   1,571,465
loans
Consumer loans        1,573,446   1,570,345   1,667,134   1,585,353   1,651,387
Total average loans   $11,922,379 $11,821,395 $11,543,789 $11,725,204 $11,284,739
                                                                 
Net charge-offs -
non-covered to                                                    
average loans:
Commercial/real       0.10%       0.06%       1.11%       0.14%       0.46%
estate loans
Residential mortgage  (0.05)%     0.13%       0.34%       0.02%       0.38%
loans
Consumer loans        0.81%       0.92%       0.85%       0.77%       0.74%
Total net charge-offs
- non-covered to      0.17%       0.18%       0.97%       0.21%       0.49%
average loans


(i) 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.
(j) Included in restructured loans are $15.7 million, $19.1 million, and $15.8
million in non-accrual loans at 12/31/2013, 9/30/13, and 12/31/12,
respectively.Total excludes acquired credit-impaired loans.


Hancock Holding Company
Financial Highlights
(amounts in thousands)
(unaudited)
                                                               
Supplemental Asset Quality Originated Acquired Loans Covered Loans Total
Information                Loans     (k)            (l)
                          12/31/2013
                                                               
Non-accrual loans          $61,887    $18,580        $3,544        $84,011
Restructured loans         21,222     3,725          --           24,947
Total non-performing loans 83,109     22,305         3,544         108,958
ORE and foreclosed assets  51,240     --            25,739        76,979
Total non-performing       $134,349   $22,305        $29,283       $185,937
assets (m)
Accruing loans 90 days     $3,298     $7,089         --           $10,387
past due
Allowance for loan losses  $78,885    $1,647         $53,094       $133,626
                                                               
                          9/30/2013
                                                               
Non-accrual loans          $75,663    $19,823        $5,163        $100,649
Restructured loans         25,942     3,763          --           29,705
Total non-performing loans 101,605    23,586         5,163         130,354
ORE and foreclosed assets  60,187     --            25,373        85,560
Total non-performing       $161,792   $23,586        $30,536       $215,914
assets
Accruing loans 90 days     $12,512    $3,108         --           $15,620
past due
Allowance for loan losses  $77,421    $463           $60,339       $138,223
                                                               
                                                               
Loans Outstanding          Originated Acquired Loans Covered Loans Total
                           Loans     (k)            (l)
                          12/31/2013
                                                               
Commercial non-real estate $4,113,837 $926,997       $23,390       $5,064,224
loans
Construction and land      752,381    142,931        20,229        915,541
development loans
Commercial real estate     2,022,528  967,148        53,165        3,042,841
loans
Residential mortgage loans 1,196,256  315,340        209,018       1,720,614
Consumer loans             1,409,130  119,603        52,864        1,581,597
Total loans                $9,494,132 $2,472,019     $358,666      $12,324,817
Change in loan balance     $793,365   ($169,684)     ($33,336)     $590,345
from previous quarter
                                                               
                          9/30/2013
                                                               
Commercial non-real estate $3,633,490 $967,485       $24,340       $4,625,315
loans
Construction and land      738,983    158,228        23,197        920,408
development loans
Commercial real estate     1,816,402  1,038,287      60,280        2,914,969
loans
Residential mortgage loans 1,124,649  347,054        223,494       1,695,197
Consumer loans             1,387,243  130,649        60,691        1,578,583
Total loans                $8,700,767 $2,641,703     $392,002      $11,734,472
Change in loan balance     $447,012   ($355,328)     ($38,709)     $52,975
from previous quarter


(k) Loans which have been acquired and no allowance brought forward in
accordance with acquisition accounting.
(l) Acquired loans which are covered by loss sharing agreements with the FDIC
providing considerable protection against credit risk.
(m) ORE received in settlement of acquired loans is no longer subject to
purchase accounting guidance and has been included with ORE from originated
loans.ORE received in settlement of covered loans remains covered under the
FDIC loss share agreements.

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

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