Hancock Reports Fourth Quarter 2012 Financial Results

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
	12/31/2012	9/30/2012	12/31/2011	12/31/2012	12/31/2011
Per Common Share Data
Earnings per share:
Basic	$0.55	$0.55	$0.22	$1.77	$1.16
Diluted	$0.54	$0.55	$0.22	$1.75	$1.15
Operating earnings per share: (a)
Basic	$0.54	$0.58	$0.53	$2.15	$2.03
Diluted	$0.54	$0.58	$0.53	$2.13	$2.02
Cash dividends per share	$0.24	$0.24	$0.24	$0.96	$0.96
Book value per share (period-end)	$28.91	$28.71	$27.95	$28.91	$27.95
Tangible book value per share (period-end)	$19.27	$18.97	$17.76	$19.27	$17.76
Weighted average number of shares:
Basic	84,798	84,777	84,696	84,767	65,590
Diluted	85,777	85,632	85,332	85,588	66,070
Period-end number of shares	84,848	84,782	84,705	84,848	84,705
Market data:
High sales price	$32.50	$33.27	$33.72	$36.73	$35.68
Low sales price	$29.47	$27.99	$25.38	$27.96	$25.38
Period end closing price	$31.73	$30.98	$31.97	$31.73	$31.97
Trading volume	20,910	26,877	41,076	119,519	137,360
Other Period-end Data
FTE headcount	4,235	4,290	4,736	4,235	4,736
Tangible common equity	$1,634,833	$1,608,285	$1,504,671	$1,634,833	$1,504,671
Tier I capital	$1,666,042	$1,631,372	$1,506,218	$1,666,042	$1,506,218
Goodwill	$628,877	$628,877	$651,162	$628,877	$651,162
Amortizing intangibles	$189,409	$197,139	$211,075	$189,409	$211,075
Performance Ratios
Return on average assets	0.99%	1.00%	0.39%	0.80%	0.52%
Return on average assets (operating) (a)	0.98%	1.07%	0.93%	0.97%	0.90%
Return on average common equity	7.67%	7.77%	3.11%	6.32%	4.26%
Return on average common equity (operating) (a)	7.60%	8.24%	7.39%	7.66%	7.40%
Return on average tangible common equity	11.58%	11.87%	4.75%	9.72%	5.98%
Return on average tangible common equity (operating) (a)	11.48%	12.59%	11.32%	11.78%	10.37%
Tangible common equity ratio	8.77%	9.09%	7.96%	8.77%	7.96%
Earning asset yield (TE)	4.76%	4.84%	4.83%	4.80%	4.82%
Total cost of funds	0.28%	0.30%	0.44%	0.32%	0.57%
Net interest margin (TE)	4.48%	4.54%	4.39%	4.48%	4.25%
Efficiency ratio (b)	60.78%	64.33%	65.39%	64.63%	66.35%
Allowance for loan losses as a percent of period-end loans	1.18%	1.19%	1.12%	1.18%	1.12%
Allowance for loan losses to non-performing loans + accruing loans
90 days past due	81.40%	76.72%	101.40%	81.40%	101.40%
Average loan/deposit ratio	76.29%	75.85%	72.80%	74.68%	72.67%
Noninterest income excluding
securities transactions as a percent of
total revenue (TE)	26.02%	25.86%	25.05%	25.88%	27.91%

(a) Excludes tax-effected merger related expenses, debt early redemption costs and securities transactions. Management believes that this is a useful financial measure because it enables investors to assess ongoing operations.

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