Hancock Whitney (HWC) investor relations material

Strategic rationale and market expansion

• Expands presence along Florida’s I-4 corridor, targeting high-growth Orlando, the third fastest-growing large metro in the U.S.

• OFB is the largest independent bank in Orlando, enhancing scale and competitiveness in Florida.

• Pro forma, 21% of deposits will be Florida-based, up from 16%, making the combined entity the 5th largest regional/community bank in the state.

• Orlando’s strong demographics and economic diversity support long-term growth and profitability.

• Florida leads the nation in net domestic migration, with Orlando among the fastest-growing MSAs.

Financial impact and transaction details

• All-cash acquisition valued at $377.6 million, representing 200% of tangible book value and 14.4x 2026E core EPS.

• Cost savings estimated at 40% ($15.8 million), phased in by 2027; one-time merger expenses of $30 million pre-tax.

• Expected pro forma ROTCE of 16.3% and ROA of 1.41% in 2027, with efficiency ratio improving to 55%.

• TBV earnback projected at four years; CET-1 ratio at close expected to be 11.4%.

• Revenue synergies anticipated but not included in projections for conservatism.

Synergies, integration, and leadership

• Opportunity to leverage fee income capabilities from recent Sabal Trust acquisition and deepen private banking relationships.

• Complementary cultures focused on growth, teamwork, and community support.

• OFB’s commercial real estate and C&I loan portfolio adds depth and granularity.

• Rick Pullum, OFB President and CEO, will lead Orlando, Jacksonville, and Panhandle markets; retention agreements in place for key employees.

• Comprehensive due diligence completed, including third-party reviews and management meetings.