Hancock Holding Company Announces Earnings for Second Quarter 2007


GULFPORT, Miss., July 17, 2007 (PRIME NEWSWIRE) -- Hancock Holding Company (Nasdaq:HBHC) announced earnings for the second quarter ended June 30, 2007. Hancock's second quarter 2007 earnings were $20.3 million, a decrease of $1.7 million, or 7.6 percent, from the second quarter of 2006. Diluted earnings per share for the second quarter of 2007 were $0.62, a decrease of $0.04 from the same quarter a year ago. Earnings for the second quarter of 2007 were up $1.1 million, or 5.7 percent, from the first quarter of 2007. Diluted earnings per share were up $0.04 from the first quarter of 2007.

In commenting on Hancock's second quarter 2007 results, Chief Executive Officer Carl J. Chaney stated, "The increase in earnings from the first quarter was a clear sign that the Company was on track toward superior financial performance and that the rebuilding of the region was in full swing."

For comparative purposes, net income for 2006 was affected by several items related to the impact of Hurricane Katrina, which made landfall in the Company's operating region on August 29, 2005. In the third quarter of 2006, the Company reversed $20.0 million from the storm-related allowance for loan losses due to better than expected loss experience with storm-impacted credits. In addition, the Company negotiated a final settlement with the primary property and casualty insurance provider and recognized a $5.1 million gain in 2006's fourth quarter. There were no significant storm-related items in the first and second quarters of 2006 and 2007.

Also commenting on Hancock's second quarter earnings was Chief Executive Officer John M. Hairston: "The quarter's results are a clear indication of the Company's ongoing tradition of strength and stability and building shareholder value."

Second Quarter 2007 Financial Highlights



 -- Net Income and Returns: Hancock's net income for the second
    quarter of 2007 was $20.3 million compared to $22.0 million for
    the same quarter a year ago.  Return on average assets for the
    quarter was 1.42 percent compared to 1.45 percent for 2006's
    second quarter.  Return on average common equity was 14.53 percent
    compared to 17.89 percent for the same quarter a year ago.  For
    the first quarter of 2007, return on average assets was 1.32
    percent and return on average common equity was 13.77 percent.

 -- Asset Quality & Allowance for Loan Losses:  Hancock recorded a
    provision for loan losses of $1.2 million in the second quarter
    which, when combined with the quarter's net charge-offs of $1.53
    million, resulted in the $0.3 million reduction in the allowance
    for loan losses between March 31, 2007, and June 30, 2007.  This
    provision was necessary to further adjust the allowance to the
    level dictated by the Company's reserving methodologies.  Net
    charge-offs for the second quarter of 2007 were $1.53 million, or
    0.18 percent of average loans, up $63 thousand from the $1.47
    million, or 0.18 percent of average loans, reported for the first
    quarter of 2007.  Net charge-offs for the second quarter of 2006
    were $3.00 million or 0.40 percent of average loans.
    Non-performing assets as a percent of total loans and foreclosed
    assets was 0.25 percent at June 30, 2007, compared to 0.16 percent
    at March 31, 2007.  Compared to the second quarter of 2006, the
    ratio of non-performing assets as a percent of total loans and
    foreclosed assets was down 4 basis points from the 0.29 percent
    reported at June 30, 2006.  Non-performing assets increased $3.5
    million from March 31, 2007, reflecting the addition to
    non-accrual loans of one credit totaling $4.0 million.  The
    Company's ratio of accruing loans 90 days or more past due to
    total loans was 0.07 percent at June 30, 2007, compared to 0.18
    percent at March 31, 2007, and to 0.22 percent at June 30, 2006.
    The Company's allowance for loan losses was $46.23 million at
    June 30, 2007, down $0.3 million from the $46.52 million reported
    at March 31, 2007, and $24.73 million lower than the $70.96
    million reported at June 30, 2006.  The ratio of the allowance for
    loan losses as a percent of period-end loans was 1.35 percent at
    June 30, 2007, and 1.41 percent at March 31, 2007.  The allowance
    coverage ratio (allowance for loan losses to non-performers and
    past dues) was 411 percent for the second quarter of 2007, as
    compared to 457 percent for the second quarter of 2006.

 -- Loans:  For the quarter ended June 30, 2007, Hancock's average
    total loans were $3.4 billion, which represented an increase of
    $377.3 million, or 13 percent, from the quarter ended June 30,
    2006.  Period-end loans were up $117.5 million, or 4 percent,
    compared to March 31, 2007.  Average total loans were up $78.9
    million, or 10 percent annualized, from the first quarter of 2007.
    Of that increase, approximately $32 million of growth was in
    Mississippi, $39 million in Louisiana, and $9 million in Alabama,
    with a $1 million decrease in Florida.  The majority of the
    increase in average loans compared to last quarter was in
    commercial purpose loans (approximately $57.5 million).

 -- Deposits:  Period-end deposits for the second quarter were $5.0
    billion, down $269.7 million, or 5 percent, from June 30, 2006,
    but were up $53.9 million, or 1 percent, from March 31, 2007.
    Average deposits were down $152.8 million, or 12 percent
    annualized, from the first quarter of 2007.  The decrease in
    average deposits was in public fund deposits (down $45.2 million),
    time deposits (down $42.9 million), transaction deposits (down
    $31.3 million) and non-interest bearing deposits (down $33.4
    million).  The decline in average deposits compared to the prior
    quarter and same quarter a year ago was the result of the
    continued rebuilding efforts in the region following Hurricane
    Katrina and the slower than expected pace of federal grants to
    homeowners.  However, as noted above, the Company's June 30, 2007,
    deposit balances did reflect a $53.9 million increase as compared
    to March 31, 2007.  The majority of this increase took place
    throughout the month of June and was reflected in higher time and
    public fund deposits.

 -- Net Interest Income:  Net interest income (te) for the second
    quarter decreased $5.9 million, or 10 percent, from the second
    quarter of 2006, and was basically unchanged from the first
    quarter of 2007.  The Company's net interest margin (te) was 4.17
    percent in the second quarter, 10 basis points narrower than the
    same quarter a year ago and 13 basis points wider than the
    previous quarter.  Compared to the same quarter a year ago, the
    primary driver of the $5.9 million decrease in net interest income
    (te) was a $432.7 million, or 8 percent, decrease in average
    earning assets,  mainly from a reduction in total borrowings of
    $13.2 million, or 6 percent, and a decrease in average deposits of
    $374.0 million, or 7 percent.  As mentioned, the net interest
    margin (te) narrowed 10 basis points as the increase in the
    average earning asset yield (44 basis points) did not offset the
    increase in total funding costs (54 basis points). The Company's
    level of net interest income (te) in the second quarter remained
    unchanged from the prior quarter.  The net interest margin (te)
    widened 13 basis points from the prior quarter as the yield on
    average earning assets increased 12 basis points, while total
    funding costs were down 1 basis point.

 -- Non-interest income & operating expense:  Non-interest income for
    the second quarter was up $4.3 million, or 16 percent, compared to
    the same quarter a year ago and was up $4.3 million, or 17
    percent, compared to the previous quarter.  The primary factors
    impacting the higher levels of non-interest income (excluding
    securities transactions) as compared to the same quarter a year
    ago, were higher levels of service charge fees (up $1.2 million,
    or 14 percent) and trust fees (up $0.7 million, or 21 percent).
    The increase in non-interest income (excluding securities
    transactions) for the second quarter compared to the prior quarter
    was due to increases in service charge fees (up $1.3 million),
    other income (up $1.3 million), insurance fees (up $0.7 million),
    and trust fees (up $0.4 million).  Operating expenses for the
    second quarter were $.7 million, or 1 percent, higher compared to
    the same quarter a year ago and were $2.7 million, or 6 percent,
    higher than the previous quarter.  The increase from the same
    quarter a year ago was reflected in higher levels of other expense
    (up $1.4 million) and occupancy expense (up $1.0 million) with
    lower personnel expense (down $1.6 million).  The increase in
    operating expense over last quarter was due to higher levels of
    occupancy and equipment expense (up $0.9 million) and other
    operating expense (up $3.6 million, primarily in higher levels of
    professional fees, advertising, ORE expense and other
    miscellaneous expense), offset by lower personnel expense (down
    $1.7 million).  The second quarter of 2007 included about $1.0
    million of one-time expenses related to certain legal and other
    professional fees as well as moving costs associated with the
    June 23, 2007 move of the Company's data center to a newly
    constructed facility north of Interstate 10.

Branch Expansion

During the second quarter, the Company officially opened its flagship branch in downtown Mobile, AL. Additional Alabama branches are planned in Daphne, the Eastern Shore, and Mobile. All are expected to be open in temporary facilities within 90 days, with possibly four additional locations by the end of 2008. A new branch will open in downtown New Orleans, LA, by September 30, 2007, and as many as three additional branches in Pensacola, FL, by the end of 2008.

Stock Repurchases

Approximately 433,000 of the Company's shares were repurchased during the second quarter of 2007 under the Stock Repurchase Plan that was approved in 2000. The Company has repurchased 661,000 shares through June 30, 2007 compared to 39,000 shares during the first six months of 2006. The remaining plan shares available for repurchase at June 30, 2007, were 0.9 million shares. Management intends to continue repurchasing shares as long as market conditions are conducive to that action.

About Hancock Holding Company & Hancock Bank

Hancock Holding Company -- parent company of Hancock Bank Mississippi, Hancock Bank of Louisiana, Hancock Bank of Florida, and Hancock Bank of Alabama -- has assets of approximately $5.9 billion. Bank subsidiaries include Hancock Investment Services, Inc., Hancock Insurance Agency, and Harrison Finance Company. Additionally, the company operates corporate trust offices in Gulfport, MS, Jackson, MS, New Orleans, LA, and Baton Rouge, LA.

Founded October 10, 1899, Hancock Bank is the only financial services company headquartered in the Gulf South to rate among the top 20 percent of America's top performing banks. Hancock consistently ranks as one of the country's strongest, safest financial institutions, according to Veribanc, Inc., and BauerFinancial Services, Inc. Thomson Financial also recently listed Hancock as the ninth largest corporate trustee bank in the U.S. More corporate information and online banking are available at www.hancockbank.com.

The Hancock Holding Company logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2758

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Congress passed the Private Securities Litigation Act of 1995 in an effort to encourage corporations to provide information about companies' anticipated future financial performance. This act provides a safe harbor for such disclosure, which protects the companies from unwarranted litigation if actual results are different from management expectations. This release contains forward-looking statements and reflects management's current views and estimates of future economic circumstances, industry conditions, company performance, and financial results. These forward-looking statements are subject to a number of factors and uncertainties which could cause the Company's actual results and experience to differ from the anticipated results and expectations expressed in such forward-looking statements.



 Hancock Holding Company
 Financial Highlights
 (amounts in thousands, except per share data and FTE headcount)
 (unaudited)
             ---------------------------------------------------------
                         Three Months Ended        Six Months Ended
             ---------------------------------------------------------
                6/30/2007   3/31/2007  6/30/2006  6/30/2007 6/30/2006
             ---------------------------------------------------------
 Per Common
  Share Data
 -----------

 Earnings per
  share:
  Basic         $   0.63   $   0.59   $   0.68   $   1.22   $   1.36
  Diluted       $   0.62   $   0.58   $   0.66   $   1.20   $   1.32
 Cash dividends
  per share     $  0.240   $  0.240   $  0.220   $  0.480   $  0.415
 Book value per
  share
  (period-end)  $  17.13   $  17.27   $  15.12   $  17.13   $  15.12
 Tangible book
  value per
  share
  (period-end)  $  14.90   $  15.05   $  12.94   $  14.90   $  12.94
 Weighted
  average
  number of
  shares:
  Basic           32,233     32,665     32,531     32,447     32,462
  Diluted         32,749     33,299     33,322     33,024     33,237
 Period-end
  number of
  shares          32,094     32,518     32,555     32,094     32,555
 Market data:
  High closing
   price        $  44.37   $  54.09   $  57.19   $  54.09 $    57.19
  Low closing
   price        $  37.50   $  41.88   $  44.02   $  37.50 $    37.75
  Period end
   closing 
   price        $  37.55   $  43.98   $  56.00   $  37.55 $    56.00
  Trading 
   volume         11,614      8,577      8,737     20,195     12,528

 Other
  Period-end
  Data
 -----------

 FTE headcount     1,944      1,929      1,777      1,944      1,777
 Tangible 
  common
  equity        $478,085   $489,430   $421,369   $478,085   $421,369
 Tier I capital $510,096   $513,229   $457,738   $510,096   $457,738
 Goodwill       $ 62,277   $ 62,277   $ 59,060   $ 62,277   $ 59,060
 Amortizable
  intangibles   $  8,607   $  8,991   $ 10,575   $  8,607   $ 10,575
 Mortgage
  servicing
  intangibles   $    729   $    829   $  1,256   $    729   $  1,256
 Common shares
  repurchased
  for
  publicly
  announced
  plans              433        228        22         661         39

 Performance
  Ratios
 -----------

 Return on
  average 
  assets            1.42%      1.32%     1.45%       1.37%      1.47%
 Return on
  average common
  equity           14.53%     13.77%    17.89%      14.15%     18.11%
 Earning asset
  yield (TE)        6.76%      6.64%     6.32%       6.70%      6.25%
 Total cost of
  funds             2.59%      2.60%     2.05%       2.59%      1.96%
 Net interest
  margin (TE)       4.17%      4.04%     4.27%       4.10%      4.28%
 Noninterest
  expense as a
  percent of
  total revenue
  (TE) before
  amortization
  of
  purchased
  intangibles
  and
  securities
  transactions     61.27%     61.12%    59.13%      61.20%     58.72%
 Common equity
  (period-end)
  as a percent
  of total
  assets
  (period-end)      9.36%      9.61%     8.00%       9.36%      8.00%
 Leverage
  (Tier I) ratio    9.01%      8.80%     7.59%       9.01%      7.59%
 Tangible common
  equity ratio      8.24%      8.48%     6.92%       8.24%      6.92%
 Net charge-offs
  as a percent
  of average
  loans             0.18%      0.18%     0.40%       0.18%      0.20%
 Allowance for
  loan losses as
  a percent of
  period-end
  loans             1.35%      1.41%     2.35%       1.35%      2.35%
 Allowance for
  loan losses to
  NPAs +
  accruing
  loans 90 days
  past due        410.98%    413.60%   457.10%     410.98%    457.10%
 Loan/deposit
  ratio            69.62%     65.91%    57.40%      67.75%     58.18%
 Non-interest
  income
  excluding
  securities
  transactions
  as a percent
  of total
  revenue (TE)     35.94%     32.48%    30.27%      34.26%     30.10%
             ---------------------------------------------------------

 Hancock Holding Company 
 Financial Highlights
 (amounts in thousands)
 (unaudited)

             ---------------------------------------------------------
                     Three Months Ended             Six Months Ended
             ---------------------------------------------------------
             6/30/2007   3/31/2007   6/30/2006   6/30/2007  6/30/2006
             ---------------------------------------------------------
 Asset
  Quality
  Information
 ------------

 Non-accrual
  loans    $    7,544  $    4,494  $    7,237  $    7,544  $    7,237
 Foreclosed
  assets        1,146         718       1,606       1,146       1,606
             ---------------------------------------------------------
 Total non-
  performing
  assets   $     8,690 $    5,212  $    8,843  $    8,690  $    8,843
             ---------------------------------------------------------
 Non-
  performing
  assets as
  a percent
  of loans
  and
  foreclosed
  assets         0.25%       0.16%       0.29%       0.25%       0.29%
 Accruing
  loans 90
  days past
  due      $    2,558  $    6,035 $     6,681  $    2,558  $    6,681
 Accruing
  loans 90
  days
  past due
  as a
  percent
  of loans       0.07%       0.18%       0.22%       0.07%       0.22%
 Non-
  performing
  assets +
  accruing
  loans 90
  days
  past due
  to loans
  and
  foreclosed
  assets         0.33%       0.34%       0.51%       0.33%       0.51%

 Net
  charge-
  offs     $    1,529  $    1,466 $     3,001  $    2,994  $    2,893
 Net
  charge-
  offs as
  a
  percent
  of
  average
  loans          0.18%       0.18%       0.40%       0.18%       0.20%

 Allowance
  for loan
  losses   $   46,227  $   46,517 $    70,960  $   46,227  $   70,960
 Allowance
  for loan
  losses
  as a
  percent
  of
  period-
  end
  loans          1.35%       1.41%       2.35%       1.35%       2.35%
 Allowance
  for loan
  losses to
  NPAs +
  accruing
  loans 90
  days past
  due          410.98%     413.60%     457.10%     410.98%     457.10%

 Provision
  for loan
  losses   $     1,238 $    1,211          --  $    2,449       ($705)

 Allowance
  for Loan
  Losses
 ---------

 Beginning
  Balance  $    46,517 $   46,772  $   73,961  $   46,772  $   74,558
 Provision
  for loan
  loss          1,238       1,211          --       2,449        (705)
 Charge-
  offs          3,521       3,076       4,742       6,597       8,664
 Recoveries     1,993       1,610       1,741       3,603       5,771
             ---------------------------------------------------------
 Net
  charge-
  offs          1,529       1,466       3,001       2,994       2,893
             ---------------------------------------------------------
 Ending
  Balance $    46,227  $   46,517  $   70,960  $   46,227  $   70,960
             ---------------------------------------------------------

 Net Charge-
  off
  Information
 ------------

 Net charge-
  offs:
 Commercial/
  real
  estate
  loans          ($63) $      168  $      620  $      105     ($1,149)
 Mortgage
  loans           (22)         23          28           1         209
 Direct
  consumer
  loans           618         110       1,681         972       2,260
 Indirect
  consumer
  loans           471         676         391         902       1,044
 Finance
  company
  loans           525         489         281       1,014         529
             ---------------------------------------------------------
 Total net
  charge-
  offs     $    1,529  $    1,466  $    3,001  $    2,994  $    2,893
             ---------------------------------------------------------

 Average
  loans:
 Commercial/
  real
  estate
  loans    $1,989,420  $1,931,966  $1,699,768  $1,960,852  $1,687,306
 Mortgage
  loans       433,310     426,103     410,522     429,726     410,274
 Direct
  consumer
  loans       487,267     485,201     463,977     486,239     466,888
 Indirect
  consumer
  loans       360,451     357,008     348,463     358,739     349,926
 Finance
  Company 
  loans       101,092      92,315      71,461      96,728      67,997
             ---------------------------------------------------------
 Total
  average
  loans    $3,371,540  $3,292,593  $2,994,191  $3,332,285  $2,982,391

 Net
  charge-
  offs to
  average
  loans:

 Commercial/
  real
  estate
  loans         -0.01%       0.04%       0.15%       0.01%      -0.14%
 Mortgage
  loans         -0.02%       0.02%       0.03%       0.00%       0.10%
 Direct
  consumer
  loans          0.51%       0.09%       1.45%       0.40%       0.98%
 Indirect
  consumer 
  loans          0.52%       0.77%       0.45%       0.51%       0.60%
 Finance
  Company
  loans          2.08%       2.15%       1.58%       2.11%       1.57%
             --------------------------------------------------------- 
 Total net
  charge-
  offs to
  average
  loans          0.18%       0.18%       0.40%       0.18%       0.20%
             ---------------------------------------------------------



 Hancock Holding Company
 Financial Highlights
 (amounts in thousands)
 (unaudited)
                 -----------------------------------------------------
                         Three Months Ended         Six Months Ended
                 -------------------------------  --------------------
                 6/30/2007  3/31/2007  6/30/2006  6/30/2007  6/30/2006
                 ---------  ---------  ---------  ---------  ---------
 Income Statement
 ----------------
 Interest
   income        $  84,938  $  85,708  $  86,403  $ 170,646  $ 167,993

 Interest
   income (TE)      87,204     88,124     88,382    175,329    171,951

 Interest
   expense          33,394     34,308     28,636     67,703     53,908
                 ---------  ---------  ---------  ---------  ---------
 Net interest
   income (TE)
                    53,810     53,816     59,746    107,626    118,043

 Provision for
   loan losses       1,238      1,211         --      2,449       (705)
 Noninterest
   income excluding
   securities
   transactions     30,193     25,889     25,942     56,081     50,831

 Securities
   transactions
   gains/(losses)       34          6         --         40        118

 Noninterest
   expense          51,857     49,140     51,172    100,996    100,338
                 ---------  ---------  ---------  ---------  ---------
 Income before
   income taxes
                    28,676     26,944     32,536     55,620     65,402

 Income tax
   expense           8,352      7,715     10,539     16,068     21,393
                 ---------  ---------  ---------  ---------  ---------
 Net income      $  20,323  $  19,229  $  21,998  $  39,553  $  44,009
                 =========  =========  =========  =========  =========

 Noninterest
   Income and
   Noninterest
   Expense
 -------------

 Service charges
   on deposit
   accounts      $  10,471  $   9,190  $   9,223  $  19,662  $  17,107
 Trust fees          4,124      3,693      3,409      7,816      6,487
 Debit card &
   merchant fees     2,171      1,778      1,863      3,949      3,571
 Insurance fees      5,033      4,369      4,596      9,402      9,755
 Investment &
   annuity fees      2,018      1,978      1,591      3,995      2,855
 ATM fees            1,358      1,324      1,273      2,682      2,567
 Secondary
   mortgage
   market
   operations        1,116        911        749      2,027      1,566
 Other income        3,903      2,646      3,239      6,549      6,923
                 ---------  ---------  ---------  ---------  ---------
 Noninterest
   income
   excluding
   securities
   transactions  $  30,193  $  25,889  $  25,942  $  56,081  $  50,831

 Securities
   transactions
   gains/(losses)       34          6         --         40        118
                 ---------  ---------  ---------  ---------  ---------
 Total noninterest
   income
   including
   securities
   transactions  $  30,227  $  25,895  $  25,942  $  56,121  $  50,950
                 =========  =========  =========  =========  =========

 Personnel
   expense       $  24,837  $  26,563  $  26,400  $  51,401  $  52,602
 Occupancy
   expense (net)     4,469      4,073      3,474      8,542      7,134
 Equipment
   expense           2,768      2,272      2,816      5,041      5,484
 Other operating
   expense          19,398     15,809     17,976     35,206     33,937
 Amortization
   of intangibles      384        423        507        807      1,181
                 ---------  ---------  ---------  ---------  ---------
 Total noninterest
   expense       $  51,857  $  49,140  $  51,172  $ 100,996  $ 100,338
                 =========  =========  =========  =========  =========



 Hancock Holding Company
 Financial Highlights
 (amounts in thousands)
 (unaudited)


                   Three Months Ended              Six Months Ended
           ----------------------------------- -----------------------
             6/30/2007   3/31/2007   6/30/2006   6/30/2007   6/30/2006
           ----------- ----------- ----------- ----------- -----------
 Period-end
  Balance
  Sheet
 ----------

 Commercial
  /real
  estate
  loans    $ 2,044,170 $ 1,953,907 $ 1,727,236 $ 2,044,170 $ 1,727,236
 Mortgage
  loans        420,342     420,780     405,416     420,342     405,416
 Direct
  consumer
  loans        481,564     469,783     463,313     481,564     463,313
 Indirect
  consumer
  loans        364,375     358,844     348,342     364,375     348,342
 Finance
  Company
  loans        105,700      95,334      75,053     105,700      75,053
           ----------- ----------- ----------- ----------- -----------
 Total
  loans      3,416,151   3,298,648   3,019,360   3,416,151   3,019,360
 Loans held
  for sale      25,198      21,341      24,704      25,198      24,704
 Securities  1,615,473   1,820,772   2,133,792   1,615,473   2,133,792
 Short-term
  invest-
  ments        196,944     134,924     414,062     196,944     414,062
           ----------- ----------- ----------- ----------- -----------
 Earning
  assets     5,253,766   5,275,685   5,591,919   5,253,766   5,591,919 
           ----------- ----------- ----------- ----------- -----------
 Allowance
  for loan
  losses       (46,227)    (46,517)    (70,960)    (46,227)    (70,960)
 Other
  assets       662,263     615,946     634,233     662,263     634,233
           ----------- ----------- ----------- ----------- -----------
 Total
  assets   $ 5,869,803 $ 5,845,114 $ 6,155,192 $ 5,869,803 $ 6,155,192
           =========== =========== =========== =========== ===========

 Noninterest
  bearing
  deposits $   938,638 $   995,864 $ 1,206,235 $   938,638 $ 1,206,235
 Interest
  bearing
  trans-
  action
  deposits   1,412,123   1,515,116   1,640,552   1,412,123   1,640,552
 Interest
  bearing
  Public
  Fund
  deposits     891,803     777,692     853,566     891,803     853,566
 Time
  deposits   1,735,105   1,635,090   1,546,973   1,735,105   1,546,973
           ----------- ----------- ----------- ----------- -----------
 Total
  interest
  bearing
  deposits   4,039,031   3,927,899   4,041,092   4,039,031   4,041,092
           ----------- ----------- ----------- ----------- -----------
 Total
  deposits   4,977,670   4,923,763   5,247,327   4,977,670   5,247,327      
 Other
  borrowed
  funds        203,935     222,534     227,793     203,935     227,793
 Other
  liabil-
  ities        138,501     137,209     187,812     138,501     187,812
 Common
  share-
  holders'
  equity       549,698     561,608     492,260     549,698     492,260
           ----------- ----------- ----------- ----------- -----------
 Total
  liabilities
  & common
  equity   $ 5,869,803 $ 5,845,114 $ 6,155,192 $ 5,869,803 $ 6,155,192
           =========== =========== =========== =========== ===========

 Average
   Balance
   Sheet
 ---------

 Commercial
  /real
  estate
  loans    $ 1,989,420 $ 1,931,966 $ 1,699,768 $ 1,960,852 $ 1,687,306
 Mortgage
  loans        433,310     426,103     410,522     429,726     410,274
 Direct
  consumer
  loans        487,267     485,201     463,977     486,239     466,888
 Indirect
  consumer
  loans        360,451     357,008     348,463     358,739     349,926
 Finance
  Company
  loans        101,092      92,315      71,461      96,728      67,997
           ----------- ----------- ----------- ----------- -----------
 Total
  loans      3,371,540   3,292,593   2,994,191   3,332,285   2,982,391
 Securities  1,733,850   1,830,557   2,273,012   1,781,937   2,213,317
 Short-term
  invest-
  ments         67,520     231,558     338,443     149,086     337,221
           ----------- ----------- ----------- ----------- -----------
 Earning
  average
  assets     5,172,910   5,354,708   5,605,646   5,263,307   5,532,930
           ----------- ----------- ----------- ----------- -----------
 Allowance
  for loan
  losses       (46,511)    (46,704)    (73,706)    (46,607)    (74,066)
 Other
  assets       607,905     597,949     570,497     602,954     584,444
           ----------- ----------- ----------- ----------- -----------
 Total
  assets   $ 5,734,304 $ 5,905,953 $ 6,102,438 $ 5,819,654 $ 6,043,308
           =========== =========== =========== =========== ===========

 Noninterest
  bearing
  deposits $   950,600 $   983,973 $ 1,177,756 $   967,194 $ 1,189,407
 Interest
  bearing
  transaction
  deposits   1,461,091   1,492,405   1,696,598   1,476,661   1,705,506
 Interest
  bearing
  Public
  Fund
  deposits     775,431     820,652     837,751     797,916     775,418
 Time
  deposits   1,655,322   1,698,217   1,504,343   1,676,651   1,455,925
           ----------- ----------- ----------- ----------- -----------
 Total
  interest
  bearing
  deposits   3,891,843   4,011,274   4,038,692   3,951,229   3,936,850
           ----------- ----------- ----------- ----------- -----------
 Total
  deposits   4,842,443    4,995,247   5,216,448  4,918,423   5,126,257
 Other
  borrowed
  funds        197,206     205,737     210,388     201,448     248,849
 Other
  liabil-
  ities        133,821     138,775     182,453     136,285     178,244
 Common
  share-
  holders'
  equity       560,833     566,194     493,149     563,499     489,958
           ----------- ----------- ----------- ----------- -----------
 Total
  liabil-
  ities &
  common
  equity   $ 5,734,304 $ 5,905,953 $ 6,102,438 $ 5,819,654 $ 6,043,308
           =========== =========== =========== =========== ===========




 Hancock Holding Company
 Financial Highlights
 (amounts in thousands)
 (unaudited)

                     Three Months Ended            Six Months Ended
           ----------------------------------- -----------------------
             6/30/2007   3/31/2007   6/30/2006   6/30/2007   6/30/2006
           ----------- ----------- ----------- ----------- -----------
 Average
  Balance
  Sheet
  Mix
 ---------

 Percentage
  of earning
  assets/
  funding
  sources:

 Loans           65.18%      61.49%      53.41%      63.31%      53.90%
 Securities      33.52%      34.19%      40.55%      33.86%      40.00%
 Short-term
  investments     1.31%       4.32%       6.04%       2.83%       6.09%
           ----------- ----------- ----------- ----------- -----------
 Earning
  average
  assets        100.00%     100.00%     100.00%     100.00%     100.00%
           =========== =========== =========== =========== ===========

 Noninterest
  bearing
  deposits       18.38%      18.38%      21.01%      18.38%      21.50%
 Interest
  bearing
  transaction
  deposits       28.25%      27.87%      30.27%      28.06%      30.82%
 Interest
  bearing
  Public
  Fund
  deposits       14.99%      15.33%      14.94%      15.16%      14.01%
 Time
   deposits      32.00%      31.71%      26.84%      31.86%      26.31%
           ----------- ----------- ----------- ----------- -----------
 Total
   deposits      93.61%      93.29%      93.06%      93.45%      92.65%
 Other
   borrowed
   funds          3.81%       3.84%       3.75%       3.83%       4.50%
 Other net
   interest-
   free
   funding
   sources        2.58%       2.87%       3.19%       2.73%       2.85%
           ----------- ----------- ----------- ----------- -----------
 Total
   average
   funding
   sources      100.00%     100.00%     100.00%     100.00%     100.00%
           =========== =========== =========== =========== ===========
 Loan mix:
 Commercial/
  real
  estate
  loans          59.01%      58.68%      56.77%      58.84%      56.58%
 Mortgage
  loans          12.85%      12.94%      13.71%      12.90%      13.76%
 Direct
  consumer
  loans          14.45%      14.74%      15.50%      14.59%      15.65%
 Indirect
  consumer
  loans          10.69%      10.84%      11.64%      10.77%      11.73%
 Finance
  Company
  loans           3.00%       2.80%       2.39%       2.90%       2.28%
           ----------- ----------- ----------- ----------- -----------
 Total loans    100.00%     100.00%     100.00%     100.00%     100.00%
           =========== =========== =========== =========== ===========

 Average
  dollars
 (in thousands):
 Loans     $ 3,371,540 $ 3,292,593 $ 2,994,191 $ 3,332,285 $ 2,982,391
 Securities  1,733,850   1,830,557   2,273,012   1,781,937   2,213,317
 Short-term
  invest-
  ments         67,520     231,558     338,443     149,086     337,221
           ----------- ----------- ----------- ----------- -----------
 Earning
  average
  assets   $ 5,172,910 $ 5,354,708 $ 5,605,646 $ 5,263,307 $ 5,532,930

 Noninterest
  bearing
  deposits $   950,600 $   983,973 $ 1,177,756 $   967,194 $ 1,189,407
 Interest
  bearing
  transaction
  deposits   1,461,091   1,492,405   1,696,598   1,476,661   1,705,506
 Interest
  bearing
  Public
  Fund
  deposits     775,431     820,652     837,751     797,916     775,418
 Time
  deposits   1,655,322   1,698,217   1,504,343   1,676,651   1,455,925
           ----------- ----------- ----------- ----------- -----------
 Total
  deposits   4,842,443   4,995,247   5,216,448   4,918,423   5,126,257
 Other
  borrowed
  funds        197,206     205,737     210,388     201,448     248,849
 Other net
  interest-
  free
  funding
  sources      133,260     153,724     178,810     143,436     157,824
           ----------- ----------- ----------- ----------- -----------
 Total
  average
  funding
  sources  $ 5,172,910 $ 5,354,708 $ 5,605,646 $ 5,263,307 $ 5,532,930

 Loans:
 Commercial/
  real
  estate
  loans    $ 1,989,420 $ 1,931,966 $ 1,699,768 $ 1,960,852 $ 1,687,306
 Mortgage
  loans        433,310     426,103     410,522     429,726     410,274
 Direct
  consumer
  loans        487,267     485,201     463,977     486,239     466,888
 Indirect
  consumer
  loans        360,451     357,008     348,463     358,739     349,926
 Finance
  Company
  loans        101,092      92,315      71,461      96,728      67,997
           ----------- ----------- ----------- ----------- -----------
 Total
  average
  loans    $ 3,371,540 $ 3,292,593 $ 2,994,191 $ 3,332,285 $ 2,982,391
           ----------- ----------- ----------- ----------- -----------





 Hancock Holding Company
 Average Balance and Net Interest Margin Summary
 (amounts in thousands)
 (unaudited)

                                      --------------------------------
                                            Three Months Ended
                                      --------------------------------
                                                  06/30/07
                                      --------------------------------
                                      Interest       Volume      Rate
                                      --------------------------------
 Average Earning Assets

 Commercial & real
  estate loans (TE)                    $36,689     $1,989,420     7.40%
 Mortgage loans                          6,677        433,310     6.16%
 Consumer loans                         20,978        948,810     8.87%
 Loan fees & late charges                  291            --      0.00%
                                    ---------- -------------- ---------
   Total loans (TE)                     64,635      3,371,540     7.69%

 US treasury securities                    414         34,141     4.87%
 US agency securities                   10,988        866,747     5.07%
 CMOs                                      948         93,145     4.07%
 Mortgage backed securities              5,847        469,500     4.98%
 Municipals (TE)                         2,653        196,860     5.39%
 Other securities                          932         73,456     5.08%
                                    ---------- -------------- ---------
   Total securities (TE)                21,782      1,733,850     5.03%



   Total short-term
    investments                            788         67,520     4.68%

   Average earning assets
    yield (TE)                         $87,204     $5,172,910     6.76%

 Interest-bearing Liabilities

 Interest-bearing transaction
   deposits                             $5,009     $1,461,091     1.38%
 Time deposits                          18,915      1,655,322     4.58%
 Public Funds                            8,583        775,431     4.44%
                                    -----------------------------------
    Total interest bearing
     deposits                           32,508      3,891,843     3.35%

   Total borrowings                        886        197,206     1.80%

   Total interest bearing
    liab cost                          $33,394     $4,089,050     3.28%

 Noninterest-bearing deposits                         950,600
 Other net interest-free
  funding sources                                     133,260

 Total Cost of Funds                   $33,394     $5,172,910     2.59%

 Net Interest Spread (TE)              $53,810                    3.48%

 Net Interest Margin (TE)              $53,810     $5,172,910     4.17%



                                      --------------------------------
                                            Three Months Ended
                                      --------------------------------
                                                  03/31/07
                                      --------------------------------
                                      Interest      Volume      Rate
                                      --------------------------------
 Average Earning Assets

 Commercial & real
  estate loans (TE)                    $35,231     $1,931,966     7.39%
 Mortgage loans                          6,509        426,103     6.11%
 Consumer loans                         20,197        934,524     8.76%
 Loan fees & late charges                  443            --      0.00%
                                    ---------- -------------- ---------
   Total loans (TE)                     62,380      3,292,593     7.67%

 US treasury securities                    736         60,480     4.94%
 US agency securities                   11,755        940,516     5.00%
 CMOs                                    1,104        107,986     4.09%
 Mortgage backed securities              5,482        444,427     4.93%
 Municipals (TE)                         2,861        198,815     5.76%
 Other securities                          922         78,333     4.71%
                                    ---------- -------------- ---------
   Total securities (TE)                22,860      1,830,557     5.00%



   Total short-term
    investments                          2,883        231,558     5.05%

   Average earning assets
    yield (TE)                         $88,124     $5,354,708     6.64%

 Interest-bearing Liabilities

 Interest-bearing transaction
   deposits                             $4,765     $1,492,405     1.29%
 Time deposits                          19,022      1,698,218     4.54%
 Public Funds                            9,029        820,652     4.46%
                                    -----------------------------------
    Total interest bearing
     deposits                           32,816      4,011,274     3.32%

   Total borrowings                      1,492        205,737     2.94%

   Total interest bearing
    liab cost                          $34,308     $4,217,011     3.30%

 Noninterest-bearing deposits                         983,973
 Other net interest-free
  funding sources                                     153,724

 Total Cost of Funds                   $34,308     $5,354,708     2.60%

 Net Interest Spread (TE)              $53,816                    3.34%

 Net Interest Margin (TE)              $53,816     $5,354,708     4.04%




                                      --------------------------------
                                            Three Months Ended
                                      --------------------------------
                                                 06/30/06
                                      --------------------------------
                                      Interest      Volume      Rate
                                      --------------------------------
 Average Earning Assets

 Commercial & real
  estate loans (TE)                    $30,613     $1,699,768     7.22%
 Mortgage loans                          5,980        410,522     5.83%
 Consumer loans                         18,356        883,901     8.33%
 Loan fees & late charges                2,476            --      0.00%
                                    ---------- -------------- ---------
   Total loans (TE)                     57,425      2,994,191     7.69%

 US treasury securities                    454         42,028     4.33%
 US agency securities                   15,954      1,346,963     4.74%
 CMOs                                    1,626        164,825     3.95%
 Mortgage backed securities              5,643        484,002     4.66%
 Municipals (TE)                         2,680        158,553     6.76%
 Other securities                          944         76,641     4.93%
                                    ---------- -------------- ---------
   Total securities (TE)                27,301      2,273,012     4.80%



   Total short-term
    investments                          3,656        338,443     4.33%

   Average earning assets
    yield (TE)                         $88,382     $5,605,646     6.32%

 Interest-bearing Liabilities

 Interest-bearing transaction
   deposits                             $3,780     $1,696,598     0.89%
 Time deposits                          14,451      1,504,343     3.85%
 Public Funds                            8,658        837,751     4.15%
                                    -----------------------------------
    Total interest bearing
     deposits                           26,888      4,038,692     2.67%

   Total borrowings                      1,747        210,388     3.33%

   Total interest bearing
    liab cost                          $28,636     $4,249,079     2.70%

 Noninterest-bearing deposits                       1,177,756
 Other net interest-free
  funding sources                                     178,810

 Total Cost of Funds                   $28,636     $5,605,646     2.05%

 Net Interest Spread (TE)              $59,746                    3.61%

 Net Interest Margin (TE)              $59,746     $5,605,646     4.27%





 Hancock Holding Company
 Average Balance and Net Interest Margin Summary
 (amounts in thousands)
 (unaudited)

             ---------------------------------------------------------
                                 Six Months Ended
             ---------------------------------------------------------
                        6/30/2007                    6/30/2006
             ---------------------------- ----------------------------
              Interest     Volume    Rate  Interest     Volume    Rate
             --------- -----------  ----- --------- ----------- ------
 Average Earning
  Assets
 Commercial &
   real estate
   loans (TE)$  71,920 $ 1,960,852  7.39% $  59,250 $ 1,687,306  7.08%
 Mortgage
   loans        13,186     429,726  6.14%    11,877     410,274  5.79%
 Consumer
   loans        41,175     941,706  8.82%    35,829     884,811  8.17%
 Loan fees &
   late
   charges         734          --  0.00%     4,796          --  0.00%
             --------- -----------  ----- --------- ----------- ------
   Total
     loans
     (TE)      127,015   3,332,285  7.68%   111,752   2,982,391  7.55%

 U.S. treasury
   securities    1,151      47,238  4.91%     1,081      51,007  4.27%
 U.S. agency
   securities   22,743     903,428  5.03%    29,740   1,271,059  4.68%
 CMOs            2,052     100,525  4.08%     3,435     174,497  3.94%
 Mortgage
   backed
   securities   11,330     457,033  4.96%    11,162     480,913  4.64%
 Municipals
   (TE)          5,514     197,832  5.57%     5,409     160,851  6.73%
 Other
   securities    1,854      75,881  4.89%     1,817      74,990  4.84%
             --------- -----------  ----- --------- ----------- ------
   Total
     securities
     (TE)       44,643   1,781,937  5.01%    52,643   2,213,317  4.76%

   Total
     short-
     term
     invest-
     ments       3,671     149,086  4.97%     7,556     337,221  4.52%

   Average
     earning
     assets
     yield
     (TE)    $ 175,329 $ 5,263,307  6.70% $ 171,951 $ 5,532,930  6.25%

 Interest-
   Bearing
   Liabilities

 Interest-
   bearing
   transaction
   deposits  $   9,775 $ 1,476,661  1.33% $   7,046 $ 1,705,506  0.83%
 Time
   deposits     37,937   1,676,651  4.56%    27,456   1,455,925  3.80%
 Public Funds   17,612     797,916  4.45%    15,407     775,418  4.01%
             --------- -----------  ----- --------- ----------- ------
   Total
     interest
     bearing
     deposits   65,324   3,951,229  3.33%    49,909   3,936,850  2.56%

   Total
     borrowings  2,379     201,448  2.38%     3,999     248,849  3.24%

   Total
     interest
     bearing
     liab
     cost    $  67,703 $ 4,152,677  3.29% $  53,908 $ 4,185,699  2.60%

 Noninterest-
   bearing
   deposits                967,194                    1,189,407
 Other net
   interest-
   free
   funding
   sources                 143,436                      157,824

 Total Cost
   of Funds  $  67,703 $ 5,263,307  2.59% $  53,908 $ 5,532,930  1.96%

 Net Interest
   Spread
   (TE)      $ 107,626              3.41% $ 118,043              3.65%

 Net Interest
   Margin
   (TE)      $ 107,626 $ 5,263,307  4.10% $ 118,043 $ 5,532,930  4.28%
             --------- -----------  ----- --------- ----------- ------

 

 Hancock Holding Company
 Quarterly Financial Data
 (amounts in thousands, except
 per share data and FTE headcount)
 (unaudited)
                                            --------------------------
                                                        2005
                                            --------------------------
                                                   3Q            4Q
                                            --------------------------
 Per Common Share Data
 ---------------------

 Earnings per share:
     Basic                                        $0.04          $0.59
     Diluted                                      $0.04          $0.58
 Cash dividends per share                        $0.195         $0.195
 Book value per share (period-end)               $14.52         $14.78
 Tangible book value per share
   (period-end)                                  $12.25         $12.55
 Weighted average number of shares:
     Basic                                       32,308         32,313
     Diluted                                     32,940         32,980
 Period-end number of shares                     32,309         32,301
 Market data:
     High closing price                          $37.84         $39.90
     Low closing price                           $29.93         $31.08
     Period end closing price                    $34.14         $37.81
     Trading volume                               8,760          6,829

 Other Period-end Data
 ---------------------

 FTE headcount                                    1,590          1,735
 Tangible common equity                        $395,843       $405,216
 Tier I capital                                $407,075       $420,281
 Goodwill                                       $61,428        $61,418
 Amortizable intangibles                         $9,928         $9,204
 Mortgage servicing intangibles                  $1,860         $1,577
 Common shares repurchased for
  publicly announced plans                           12             --

 Performance Ratios
 ------------------

 Return on average assets                         0.12%           1.39%
 Return on average common equity                  1.18%          15.98%
 Earning asset yield (TE)                         6.19%           6.14%
 Total cost of funds                              1.80%           1.70%
 Net interest margin (TE)                         4.40%           4.44%
 Noninterest expense as a percent
  of total revenue (TE) before
  amortization of purchased
   intangibles, net storm-related
   gain/(loss), gain on sale of
   credit card merchant and
   securities transactions                       60.85%          56.89%
 Common equity (period-end) as
   a percent of total assets
   (period-end)                                   9.55%           8.02%
 Leverage (Tier I) ratio                          8.64%           7.85%
 Tangible common equity ratio                     8.17%           6.89%
 Net charge-offs as a
   percent of average loans                       0.23%           0.41%
 Allowance for loan losses as
   a percent of period-end loans                  2.59%           2.51%
 Allowance for loan losses to
   NPAs + loans 90 days past due                392.70%         195.50%
 Loan/deposit ratio                              76.77%          66.44%
 Noninterest income excluding
   net storm-related gain/(loss),
   gain on sale of credit card
   merchant and securities
   transactions as a percent of
   total revenue (TE)                            31.10%          29.68%


                                --------------------------------------
                                                2006
                                --------------------------------------
                                   1Q        2Q        3Q        4Q
                                --------------------------------------
 Per Common Share Data
 ---------------------

 Earnings per share:
     Basic                         $0.68     $0.68     $1.11     $0.67
     Diluted                       $0.67     $0.66     $1.08     $0.65
 Cash dividends per share         $0.195    $0.220    $0.240    $0.240
 Book value per share
  (period-end)                    $15.06    $15.12    $16.64    $17.09
 Tangible book value per
   share (period-end)             $12.85    $12.94    $14.47    $14.87
 Weighted average number of
  shares:
     Basic                        32,393    32,531    32,566    32,632
     Diluted                      33,088    33,322    33,333    33,378
 Period-end number of shares      32,494    32,555    32,584    32,666
 Market data:
     High closing price           $46.67    $57.19    $56.79    $56.00
     Low closing price            $37.75    $44.02    $49.71    $50.85
     Period end closing price     $46.52    $56.00    $53.55    $52.84
     Trading volume                3,990     8,737     8,135     6,393

 Other Period-end Data
 ---------------------

 FTE headcount                     1,768     1,777     1,788     1,848
 Tangible common equity         $417,684  $421,369  $471,387  $485,778
 Tier I capital                 $440,302  $457,738  $487,668  $510,638
 Goodwill                        $61,418   $59,060   $59,683   $62,277
 Amortizable intangibles          $8,725   $10,575    $9,938    $9,414
 Mortgage servicing
   intangibles                    $1,384    $1,256    $1,093      $941
 Common shares repurchased
  for publicly announced
  plans                               17        22       --        --

 Performance Ratios
 ------------------
 Return on average assets           1.49%     1.45%     2.36%     1.44%
 Return on average common
  equity                           18.34%    17.89%    27.58%    15.54%
 Earning asset yield (TE)           6.17%     6.32%     6.60%     6.54%
 Total cost of funds                1.88%     2.05%     2.30%     2.48%
 Net interest margin (TE)           4.30%     4.27%     4.29%     4.06%
 Noninterest expense as a
  percent of total revenue
  (TE) before amortization
  of purchased intangibles,
  net storm-related gain/
  (loss), gain on sale of
  credit card merchant and
  securities transactions          58.30%    59.13%    58.76%    59.79%
 Common equity (period-end)
  as a percent of total
  assets (period-end)               7.82%     8.00%     8.86%     9.36%
 Leverage (Tier I) ratio            7.45%     7.59%     8.15%     8.63%
 Tangible common equity
  ratio                             6.75%     6.92%     7.79%     8.24%
 Net charge-offs as a
   percent of average loans        -0.01%     0.40%     0.34%     0.19%
 Allowance for loan losses
  as a percent of period-end
  loans                             2.51%     2.35%     1.55%     1.44%
 Allowance for loan losses
  to NPAs + loans 90 days
  past due                        432.85%   457.10%   494.65%   694.67%
 Loan/deposit ratio                59.00%    57.40%    60.97%    64.34%
 Noninterest income
  excluding net storm-related
  gain/(loss), gain on sale
  of credit card merchant
  and securities
  transactions as a percent
  of total revenue (TE)            29.92%    30.28%    30.18%    33.14%


                                              --------------------------
                                                         2007
                                              --------------------------
                                                    1Q            2Q
                                              --------------------------
 Per Common Share Data
 ---------------------

 Earnings per share:
     Basic                                        $0.59          $0.63
     Diluted                                      $0.58          $0.62
 Cash dividends per share                        $0.240         $0.240
 Book value per share
  (period-end)                                   $17.27         $17.13
 Tangible book value per
   share (period-end)                            $15.05         $14.90
 Weighted average number of
  shares:
     Basic                                       32,665         32,233
     Diluted                                     33,299         32,749
 Period-end number of shares                     32,518         32,094
 Market data:
     High closing price                          $54.09         $44.37
     Low closing price                           $41.88         $37.50
     Period end closing price                    $43.98         $37.55
     Trading volume                               8,577         11,614

 Other Period-end Data
 ---------------------

 FTE headcount                                    1,929          1,944
 Tangible common equity                        $489,430       $478,085
 Tier I capital                                $513,229       $510,096
 Goodwill                                       $62,277        $62,277
 Amortizable intangibles                         $8,991         $8,607
 Mortgage servicing
   intangibles                                     $829           $729
 Common shares repurchased
  for publicly announced
  plans                                             228            433

 Performance Ratios
 ------------------

 Return on average assets                          1.32%          1.42%
 Return on average common
  equity                                          13.77%         14.53%
 Earning asset yield (TE)                          6.64%          6.76%
 Total cost of funds                               2.60%          2.59%
 Net interest margin (TE)                          4.04%          4.17%
 Noninterest expense as a
  percent of total revenue
  (TE) before amortization
  of purchased intangibles,
  net storm-related gain/
  (loss), gain on sale of
  credit card merchant and
  securities transactions                         61.12%         61.27%
 Common equity (period-end)
  as a percent of total
  assets (period-end)                              9.61%          9.36%
 Leverage (Tier I) ratio                           8.80%          9.01%
 Tangible common equity
  ratio                                            8.48%          8.24%
 Net charge-offs as a
   percent of average loans                        0.18%          0.18%
 Allowance for loan losses
  as a percent of period-end
  loans                                            1.41%          1.35%
 Allowance for loan losses
  to NPAs + loans 90 days
  past due                                       413.60%        410.98%
 Loan/deposit ratio                               65.91%         69.62%
 Noninterest income
  excluding net storm-related
  gain/(loss), gain on sale
  of credit card merchant
  and securities
  transactions as a percent
  of total revenue (TE)                           32.48%         35.94%


 Hancock Holding Company
 Quarterly Financial Data
 (amounts in thousands, except
 per share data and FTE headcount)
 (unaudited)
                                             -------------------------
                                                       2005
                                             -------------------------
                                                 3Q            4Q
                                             -------------------------
 Asset Quality Information
 -------------------------

 Non-accrual loans                              $10,373        $10,617
 Foreclosed assets                                2,973          1,898
                                             -------------------------
 Total non-performing assets                    $13,346        $12,515
 Non-performing assets as a
  percent of loans and foreclosed
  assets                                           0.45%          0.42%

 Accruing loans 90 days past due                 $6,156        $25,622
 Accruing loans 90 days past due as
   a percent of loans                              0.21%          0.86%
 Non-performing assets + accruing
  loans 90 days past due to loans
  and foreclosed assets                            0.65%          1.28%

 Net charge-offs                                 $1,704         $3,104
 Net charge-offs as
   a percent of average loans                      0.23%          0.41%

 Allowance for loan losses                      $76,584        $74,558
 Allowance for loan losses as a
   percent of period-end loans                     2.59%          2.51%
 Allowance for loan losses to NPAs +
   accruing loans 90 days past due               392.70%        195.50%

 Provision for (recovery of) loan
  losses                                        $36,905         $1,079

 Net Charge-off Information
 --------------------------

 Net charge-offs:
 Commercial/real estate loans                      ($17)          $332
 Mortgage loans                                       7             (7)
 Direct consumer loans                              861          1,831
 Indirect consumer loans                            342            272
 Finance company loans                              511            676
                                            --------------------------
 Total net charge-offs                           $1,704         $3,104
                                            --------------------------
 Average loans:
 Commercial/real estate loans                $1,584,244     $1,660,804
 Mortgage loans                                 430,615        442,977
 Direct consumer loans                          504,362        489,150
 Indirect consumer loans                        335,482        342,203
 Finance Company loans                           64,006         63,663
                                             -------------------------
 Total average
  loans                                      $2,918,709     $2,998,797

 Net charge-offs to average loans:
 Commercial/real estate loans                      0.00%          0.08%
 Mortgage loans                                    0.01%         -0.01%
 Direct consumer loans                             0.68%          1.49%
 Indirect consumer loans                           0.40%          0.32%
 Finance Company loans                             3.17%          4.21%
                                             -------------------------
 Total net charge-offs to
  average loans                                    0.23%          0.41%
                                             -------------------------



                     -------------------------------------------------
                                            2006
                     -------------------------------------------------
                         1Q            2Q          3Q           4Q
                     -------------------------------------------------
  Asset Quality
   Information
  -------------
 Non-accrual
  loans                  $8,676       $7,237       $5,179       $3,500
 Foreclosed
  assets                  1,779        1,606          970          681
                     -------------------------------------------------
 Total
  non-performing
  assets                $10,455       $8,843       $6,149       $4,181
 Non-performing
  assets as a
  percent of
  loans and
  foreclosed
  assets                   0.35%        0.29%        0.20%        0.13%

 Accruing loans
  90 days past
  due                    $6,632       $6,681       $3,626       $2,552
 Accruing loans
  90 days past
  due as a
  percent of
  loans                    0.22%        0.22%        0.12%        0.08%
 Non-performing
  assets +
  accruing loans
  90 days past
  due to loans
  and foreclosed
  assets                   0.57%        0.51%        0.31%        0.21%

 Net charge-offs          ($108)      $3,001       $2,608       $1,522
 Net charge-offs
  as a percent of
  average loans           -0.01%        0.40%        0.34%        0.19%

 Allowance for
  loan losses           $73,961      $70,960      $48,352      $46,772
 Allowance for
  loan losses as
  a percent of
  period-end
  loans                    2.51%        2.35%        1.55%        1.44%
 Allowance for
  loan losses to
  NPAs + accruing
  loans 90 days
  past due               432.85%      457.10%      494.65%      694.67%

 Provision for
  (recovery of)
  loan losses             ($705)         --      ($20,000)        ($57)

 Net Charge-off
  Information
 --------------

 Net charge-offs:
 Commercial/real
  estate loans          ($1,769)        $620         $522        ($137)
 Mortgage loans             181           28          367          (11)
 Direct consumer
  loans                     579        1,681        1,003          493
 Indirect
  consumer loans            653          391          294          395
 Finance company
  loans                     248          281          422          783
                     -------------------------------------------------
 Total net
  charge-offs             ($108)      $3,001       $2,608       $1,523
                     -------------------------------------------------

 Average loans:
 Commercial/real
  estate loans       $1,674,706   $1,699,768   $1,759,173   $1,855,506
 Mortgage loans         410,023      410,522      423,610      428,674
 Direct consumer
  loans                 469,832      463,977      470,771      479,087
 Indirect
  consumer loans        351,405      348,463      347,404      350,829
 Finance Company
  loans                  64,496       71,461       79,483       86,965
                     -------------------------------------------------
 Total average
  loans              $2,970,461   $2,994,191   $3,080,442   $3,201,061

 Net charge-offs
  to average loans:
 Commercial/real
  estate loans            -0.43%        0.15%        0.12%       -0.03%
 Mortgage loans            0.18%        0.03%        0.34%       -0.01%
 Direct consumer
  loans                    0.50%        1.45%        0.85%        0.41%
 Indirect
  consumer loans           0.75%        0.45%        0.34%        0.45%
 Finance Company
  loans                    1.56%        1.58%        2.11%        3.57%
                     -------------------------------------------------
 Total net
  charge-offs to
  average loans           -0.01%        0.40%        0.34%        0.19%
                     -------------------------------------------------

                                             -------------------------
                                                      2007
                                             -------------------------
                                                  1Q             2Q
                                             -------------------------
 Asset Quality Information
 -------------------------

 Non-accrual loans                               $4,494         $7,544
 Foreclosed assets                                  718          1,146
                                             -------------------------
 Total non-performing assets                     $5,212         $8,690
 Non-performing assets as a
  percent of loans and foreclosed
  assets                                           0.16%          0.25%

 Accruing loans 90 days past due                 $6,035         $2,558
 Accruing loans 90 days past due as
   a percent of loans                              0.18%          0.07%
 Non-performing assets + accruing
  loans 90 days past due to loans
  and foreclosed assets                            0.34%          0.33%

 Net charge-offs                                 $1,466         $1,529
 Net charge-offs as
   a percent of average loans                      0.18%          0.18%

 Allowance for loan losses                      $46,517        $46,227
 Allowance for loan losses as a
   percent of period-end loans                     1.41%          1.35%
 Allowance for loan losses to NPAs +
   accruing loans 90 days past due               413.60%        410.98%

 Provision for (recovery of) loan
  losses                                         $1,211         $1,238

 Net Charge-off Information
 --------------------------

 Net charge-offs:
 Commercial/real estate loans                      $168           ($63)
 Mortgage loans                                      23            (22)
 Direct consumer loans                              110            618
 Indirect consumer loans                            676            471
 Finance company loans                              489            525

                                             -------------------------
 Total net charge-offs                           $1,466         $1,529
                                             -------------------------

 Average loans:
 Commercial/real estate loans                $1,931,966     $1,989,420
 Mortgage loans                                 426,103        433,310
 Direct consumer loans                          485,201        487,267
 Indirect consumer loans                        357,008        360,451
 Finance Company loans                           92,315        101,092
                                             -------------------------
 Total average
  loans                                      $3,292,593     $3,371,540

 Net charge-offs to average loans:
 Commercial/real estate loans                      0.04%         -0.01%
 Mortgage loans                                    0.02%         -0.02%
 Direct consumer loans                             0.09%          0.51%
 Indirect consumer loans                           0.77%          0.52%
 Finance Company loans                             2.15%          2.08%
                                             -------------------------
 Total net charge-offs to
  average loans                                    0.18%          0.18%
                                             -------------------------



 Hancock Holding Company
 Quarterly Financial Data
 (amounts in thousands, except
 per share data and FTE headcount)
 (unaudited)

                                             -------------------------
                                                       2005
                                             -------------------------
                                                3Q               4Q
                                             -------------------------
 Income Statement
 ----------------

 Interest income                              $65,644          $73,429
 Interest income (TE)                          67,506           75,433
 Interest expense                              19,659           20,911
                                             -------------------------
 Net interest income (TE)                      47,847           54,522
 Provision for (recovery of)
   loan losses                                 36,905            1,079
 Noninterest income excluding
   net storm-related gain/(loss)
   and securities transactions                 21,600           23,016
 Net storm-related gain/(loss)                 12,276           (5,692)
 Securities transactions
  gains/(losses)                                  (18)             (27)
 Noninterest expense                           42,770           44,626
                                             -------------------------
 Income before income taxes                       168           24,112
 Income tax expense                            (1,267)           5,047
                                             -------------------------
 Net Income                                    $1,435          $19,065
                                             =========================

 Noninterest Income
   and Noninterest Expense
 -------------------------

 Service charges on deposit
  accounts                                     $7,975           $6,850
 Trust fees                                     2,761            2,946
 Debit card & merchant fees                     1,055            1,717
 Insurance fees                                 4,883            4,837
 Investment & annuity fees                      1,304            1,037
 ATM fees                                         871              805
 Secondary mortgage market
  operations                                      377              670
 Other income                                   2,374            4,154
                                             -------------------------
  Noninterest income excluding
   net storm-related gain/(loss)
   and securities transactions                $21,600          $23,016
 Net storm-related gain/(loss)                 12,276           (5,692)
 Securities transactions
  gains/(losses)                                  (18)             (27)
                                             -------------------------
 Total noninterest income including
  storm-related gain/(loss) and
  securities transactions                     $33,858          $17,298
                                             =========================

 Personnel expense                            $24,275          $24,580
 Occupancy expense (net)                        2,617            3,237
 Equipment expense                              2,319            2,511
 Other operating expense                       13,044           13,780
 Amortization of intangibles                      514              518
                                             -------------------------
 Total noninterest expense                    $42,770          $44,626
                                             -------------------------

                              ----------------------------------------
                                               2006
                              ----------------------------------------
                                 1Q        2Q         3Q          4Q
                              ----------------------------------------
 Income Statement
 ----------------

 Interest income              $81,590    $86,403    $89,233    $87,104
 Interest income (TE)          83,570     88,382     91,275     89,366
 Interest expense              25,273     28,636     31,988     33,966
                              ----------------------------------------

 Net interest income
   (TE)                        58,297     59,746     59,286     55,400
 Provision for
  (recovery of) loan
  losses                         (705)        --    (20,000)       (57)
 Noninterest income
  excluding net
  storm-related
  gain/(loss) and
  securities
  transactions                 24,890     25,942     25,627      27,460
 Net storm-related
  gain/(loss)                     --         --         --        5,084
 Securities
  transactions
  gains/(losses)                  118        --         110     (5,396)
 Noninterest expense           49,165     51,172     50,336     50,042
                              ----------------------------------------
 Income before income taxes    32,865     32,536     52,645     30,300
 Income tax expense            10,854     10,539     16,614      8,538
                              ----------------------------------------
 Net income                   $22,011    $21,998    $36,031    $21,762
                              ========================================



 Noninterest Income
   and Noninterest
   Expense
 ------------------

 Service charges on
  deposit accounts             $7,884     $9,223     $9,719     $9,402
 Trust fees                     3,078      3,409      3,175      3,624
 Debit card & merchant
  fees                          1,709      1,863      1,744      1,983
 Insurance fees                 5,159      4,596      4,146      5,346
 Investment & annuity
  fees                          1,264      1,591      1,595      1,519
 ATM fees                       1,294      1,273      1,223      1,215
 Secondary mortgage
  market operations               817        749      1,018        945
 Other income                   3,684      3,239      3,009      3,426
                              ----------------------------------------
  Noninterest income
   excluding net
   storm-related
   gain/(loss) and
   securities
   transactions               $24,890    $25,942    $25,627    $27,460
 Net storm-related
  gain/(loss)                      --         --          0      5,084
 Securities transactions
  gains/(losses)                  118         --        110     (5,396)
                              ----------------------------------------
 Total noninterest
  income including
  storm-related
  gain/(loss) and
  securities
  transactions                $25,008    $25,942    $25,737    $27,147
                              ========================================

 Personnel expense            $26,202    $26,400    $27,059    $24,092
 Occupancy expense
  (net)                         3,659      3,474      2,882      3,335
 Equipment expense              2,668      2,816      2,647      2,665
 Other operating
  expense                      15,961     17,976     17,304     19,451
 Amortization of
  intangibles                     675        507        445        499
                              ----------------------------------------
 Total noninterest
   expense                    $49,165    $51,172    $50,336    $50,042
                              ----------------------------------------

                                             -------------------------
                                                       2007
                                             -------------------------
                                                1Q               2Q
                                             -------------------------
 Income Statement
 ----------------

 Interest income                              $85,708          $84,938
 Interest income (TE)                          88,124           87,204
 Interest expense                              34,308           33,394
                                             -------------------------
 Net interest income (TE)                      53,816           53,810
 Provision for (recovery of)
   loan losses                                  1,211            1,238
 Noninterest income excluding
   net storm-related gain/(loss)
   and securities transactions                 25,889           30,193
 Net storm-related gain/(loss)                     --               --
 Securities transactions
  gains/(losses)                                    6               34
 Noninterest expense                           49,140           51,857
                                             -------------------------
 Income before income taxes                    26,944           28,676
 Income tax expense                             7,715            8,352
                                             -------------------------
 Net income                                   $19,229          $20,323
                                             =========================
 Noninterest Income
   and Noninterest Expense
 -------------------------

 Service charges on deposit
  accounts                                     $9,190          $10,471
 Trust fees                                     3,693            4,124
 Debit card & merchant fees                     1,778            2,171
 Insurance fees                                 4,369            5,033
 Investment & annuity fees                      1,978            2,018
 ATM fees                                       1,324            1,358
 Secondary mortgage market
  operations                                      911            1,116
 Other income                                   2,646            3,903

  Noninterest income excluding
   net storm-related gain/(loss)
   and securities transactions                $25,889          $30,193
 Net storm-related gain/(loss)                     --               --
 Securities transactions
  gains/(losses)                                    6               34
                                             -------------------------
 Total noninterest income including
  storm-related gain/(loss) and
  securities transactions                     $25,895          $30,227
                                             =========================

 Personnel expense                            $26,563          $24,837
 Occupancy expense (net)                        4,073            4,469
 Equipment expense                              2,272            2,768
 Other operating expense                       15,809           19,398
 Amortization of intangibles                      423              384
                                             -------------------------
 Total noninterest expense                    $49,140          $51,857
                                             -------------------------


            

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