# EDGAR Filing Document

**Accession Number:** 0000750577
**File Stem:** 0001193125-23-068539
**Filing Date:** 2023-3
**Character Count:** 13172
**Document Hash:** d063c8ba04a97dd4a13af66d4f39198a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-068539.hdr.sgml**: 20230313

**ACCESSION NUMBER**: 0001193125-23-068539

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 19

**CONFORMED PERIOD OF REPORT**: 20230313

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230313

**DATE AS OF CHANGE**: 20230313

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HANCOCK WHITNEY CORP
- **CENTRAL INDEX KEY:** 0000750577
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 640693170
- **STATE OF INCORPORATION:** MS
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36872
- **FILM NUMBER:** 23725825

**BUSINESS ADDRESS:**
- **STREET 1:** ONE HANCOCK WHITNEY PLAZA
- **STREET 2:** P O BOX 4019
- **CITY:** GULFPORT
- **STATE:** MS
- **ZIP:** 39501
- **BUSINESS PHONE:** 5042995208

**MAIL ADDRESS:**
- **STREET 1:** ONE HANCOCK WHITNEY PLAZA
- **STREET 2:** P O BOX 4019
- **CITY:** GULFPORT
- **STATE:** MS
- **ZIP:** 39501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK HOLDING CO
- **DATE OF NAME CHANGE:** 19920703

?xml version="1.0" encoding="utf-8" ? 8-K

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, DC 20549

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### FORM 8-K

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#### CURRENT REPORT

#### PURSUANT TO SECTION 13 OR 15(d)

#### OF THE SECURITIES EXCHANGE ACT OF 1934

#### Date of report (Date of earliest event reported): March 13, 2023

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## HANCOCK WHITNEY CORPORATION

#### (Exact Name of Registrant as Specified in Charter)

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| | | |
|:---|:---|:---|
| **Mississippi** | **001-36872** | **64-0693170** |
| **(State or Other Jurisdiction**<br> **of Incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

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| | |
|:---|:---|
| **Hancock Whitney Plaza**<br> **2510 14th Street**<br> **Gulfport, Mississippi** | **39501** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

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

#### Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading**<br> **Symbol** | **Name of Exchange**<br> **on Which Registered** |
| COMMON STOCK, $3.33 PAR VALUE | HWC | The NASDAQ Stock Market, LLC |
| 6.25% SUBORDINATED NOTES | HWCPZ | The NASDAQ Stock Market, LLC |

---

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.**  |

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On March 14, 2023 at 1:00 p.m. (Central Time), the Company is participating in Piper Sandler's Atlanta Bank Tour. The conference is not being webcast. The investor presentation included as Exhibit 99.1 to this current report on Form 8-K contains reference slides which will be used during the conference. These slides provide select updated mid-quarter data.

In accordance with the General Instruction B.2 of Form 8-K, the information presented herein pursuant to Item 7.01, "Regulation FD," shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall the information be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| 99.1 | [Presentation Slides dated March 13, 2023 (furnished with the Commission as part of this form 8-K)](d475304dex991.htm) |

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

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| | | |
|:---|:---|:---|
|  |  | **HANCOCK WHITNEY CORPORATION** |
| March 13, 2023 | By: | /s/ Michael M. Achary |
|  |  | Michael M. Achary |
|  |  | Chief Financial Officer |

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## Exhibit 99.1

![Slide 1](g475304ex99_1s1g1.jpg)

Update on Deposit Trends, Liquidity, and Capital 3/13/2023 Exhibit 99.1

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![Slide 2](g475304ex99_1s2g1.jpg)

This presentation 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. Forward-looking statements that we may make include statements regarding our expectations of our performance and financial condition, balance sheet and revenue growth, the provision for credit losses, capital levels, deposits, investment portfolio, other sources of liquidity, loan growth expectations, management's predictions about charge-offs for loans, the impact of the COVID-19 pandemic on the economy and our operations, the impacts related to Russia's military action in Ukraine, Federal Reserve action with respect to interest rates, the adequacy of our enterprise risk management framework, potential claims, damages, penalties, fines and reputational damage resulting from pending or future litigation, regulatory proceedings and enforcement actions; the ongoing impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, success of revenue-generating and cost reduction initiatives, the effectiveness of derivative financial instruments and hedging activities to manage risks, projected tax rates, increased cybersecurity risks, including potential business disruptions or financial losses, the adequacy of our internal controls over financial reporting, the financial impact of regulatory requirements and tax reform legislation, the impact of the change in the reference rate reform, deposit trends, credit quality trends, the impact of natural or man-made disasters, the impact of PPP loans and forgiveness on our results, the impact of current and future economic conditions, including the effects of declines in the real estate market, high unemployment, inflationary pressures, elevated interest rates and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing, net interest margin trends, future expense levels, future profitability, improvements in expense to revenue (efficiency) ratio, purchase accounting impacts, accretion levels and expected returns. Also, any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words "believes," "expects," "anticipates," "estimates," "intends," "plans," "forecast," "goals," "targets," "initiatives," "focus," "potentially," "probably," "projects," "outlook," or similar expressions or future conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Any forward-looking statement made in this release is subject to the safe harbor protections set forth in the Private Securities Litigation Reform Act of 1995. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2022 and in other periodic reports that we file with the SEC. Important cautionary statement about forward-looking statements HNCOCK WHITNEY 2

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![Slide 3](g475304ex99_1s3g1.jpg)

Deposit and NIM Trends Liquidity levels strong with February EOP loan to deposit ratio virtually unchanged from year-end 2022 at 79.8% and noninterest bearing demand deposit account ("DDA") mix of over 45%; securities portfolio cash flow further support liquidity needs Total deposits of $28.9 billion at February 28, 2023, down less than 1% from year-end 2022 Decline in DDA driven by re-mix to interest bearing time deposits mainly related to the higher rate environment; DDA mix remains well above pre-pandemic level Previous PPNR (te) guidance of 13% to 18% over 2022 levels under pressure and will be re-evaluated on 1Q23 Earnings Call EOP Deposits Mix (%) EOP Deposits Mix ($) 4Q19 4Q20 4Q21 4Q22 Feb-23 ■ Time Deposits 11.84% 6.68% 3.71% 5.00% 7.42% ■ IB Public Funds 14.13% 11.68% 10.81% 11.16% 10.61% ■ IB Transaction & Savings 37.16% 37.60% 38.24% 36.90% 36.95% ■ DDA 36.87% 44.04% 47.24% 46.94% 45.02% 4Q19 4Q20 4Q21 4Q22 Feb-23 ■ Time Deposits 2.82 1.85 1.13 1.45 2.14 ■ IB Public Funds 3.36 3.23 3.29 3.24 3.07 ■ IB Transaction & Savings 8.85 10.41 11.65 10.73 10.69 ■ DDA 8.78 12.20 14.39 13.65 13.02 4Q19 4Q20 4Q21 4Q22 QTD Feb-23 ■ Loan Yield 4.69% 3.99% 3.83% 5.12% 5.51% ■ Securities Yield 2.56% 2.23% 1.86% 2.29% 2.34% ■ Cost of Deposits 0.71% 0.18% 0.06% 0.50% 0.92% ■ Cost of Funds 0.76% 0.25% 0.11% 0.62% 1.08% ■ NIM 3.43% 3.22% 2.80% 3.68% 3.53%

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![Slide 4](g475304ex99_1s4g1.jpg)

At February 28, 2023 $ in millions Total Available Amount Used Net Availability Internal Sources Free Securities and other $4,086 $– $4,086 External Sources FHLB 6,290 1,700 4,590 FRB 3,387 – 3,387 Brokered Deposits 4,338 9 4,329 Other 1,459 – 1,459 Total Liquidity $19,560 $1,709 $17,851 Strong Liquidity; $17.9 Billion in Available Sources

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![Slide 5](g475304ex99_1s5g1.jpg)

February 28, 2023 CET1 ratio estimated at 11.59%, up 18 bps from year-end 2022 TCE ratio 7.17% at February 28, 2023, up 8 bps compared to year-end 2022 No shares repurchased under new authorization Securities portfolio remains well-positioned for rising rates 69% AFS/31% HTM at 2/28/23 Unrealized net loss on AFS portfolio of $764.9 million and $754.2 million at February 28, 2023 and December 31, 2022, respectively Market value of FV hedges impacting unrealized net losses on AFS portfolio was $25.5 million and $43.6 million at February 28, 2023 and December 31, 2022, respectively Will continue to manage capital in the best interests of the Company and our shareholders; our priorities are: Organic growth Dividends Buybacks M&A Tangible Common Equity Ratio Leverage (Tier 1) Ratio CET1 Ratio and Tier 1 Risked-Based Capital Ratio Total Risk-Based Capital Ratio February 28, 2023 7.17% 9.56%(e) 11.59%(e) 13.24%(e) December 31, 2022 7.09% 9.53% 11.41% 12.97% December 31, 2021 7.71% 8.25% 11.09% 12.84% December 31, 2020 7.64% 7.88% 10.61% 13.22% December 31, 2019 8.45% 8.76% 10.50% 11.90% (e) Estimated for most recent period-end Capital Rebuild Continues After 1H20 De-Risking Activities TCE ratio 7.64%, up 11 bps LQ (7.99% excluding PPP loans) Tangible net earnings +34 bps Change in tangible assets/additional excess liquidity -10 bps Dividends -7 bps Change in OCI & other -6 bps CET1 ratio 10.70%, up 40 bps linked-quarter Intend to pay quarterly dividend in consultation with examiners; board reviews dividend policy quarterly Buybacks on hold Tangible Common Equity Ratio Leverage (Tier 1) Ratio CET1 Ratio and Tier 1 Risked-Based Capital Ratio Total Risk-Based Capital Ratio December 31, 2020 7.64% 7.87%(e) 10.70%(e) 13.31%(e) September 30, 2020 7.53% 7.70% 10.30% 12.92% June 30, 2020 7.33% 7.37% 9.78% 12.36% March 31, 2020 8.00% 8.40% 10.02% 11.87% December 31, 2019 8.45% 8.76% 10.50% 11.90% (e) Estimated for most recent period-end; effective March 31, 2020 regulatory capital ratios reflect the election to use the five-year CECL transition rules Company Remains in a Solid Capital Position