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| Hancock Holding Company |
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- Add 11 - |
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| Quarterly Financial Data |
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| (amounts in thousands, except per share
data) |
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| (unaudited) |
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2001 |
2002 |
2003 |
2004 |
2005 |
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|
1Q |
2Q |
3Q |
4Q |
1Q |
2Q |
3Q |
4Q |
1Q |
2Q |
3Q |
4Q |
1Q |
2Q |
3Q |
4Q |
1Q |
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| Per Common Share Data |
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| Earnings per share: |
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| Basic |
|
$0.53 |
$0.55 |
$0.57 |
$0.71 |
$0.34 |
$0.38 |
$0.40 |
$0.42 |
$0.42 |
$0.38 |
$0.42 |
$0.48 |
$0.44 |
$0.50 |
$0.47 |
$0.49 |
$0.48 |
|
|
| Diluted |
|
$0.53 |
$0.55 |
$0.57 |
$0.70 |
$0.33 |
$0.37 |
$0.39 |
$0.41 |
$0.41 |
$0.37 |
$0.41 |
$0.46 |
$0.43 |
$0.50 |
$0.47 |
$0.48 |
$0.47 |
|
| Cash
dividends per share |
$0.19 |
$0.19 |
$0.19 |
$0.19 |
$0.20 |
$0.10 |
$0.10 |
$0.10 |
$0.105 |
$0.105 |
$0.115 |
$0.115 |
$0.125 |
$0.125 |
$0.165 |
$0.165 |
$0.165 |
|
| Book value per share (period end) |
$21.02 |
$22.18 |
$23.26 |
$23.13 |
$23.45 |
$12.33 |
$12.58 |
$12.55 |
$12.72
|
$12.92 |
$12.81 |
$13.06 |
$13.75 |
$13.32 |
$14.16 |
$14.32 |
$14.16 |
|
| Tangible book value per share (period end) |
|
|
|
|
$10.56 |
$10.77 |
$10.72 |
$10.80 |
$11.02 |
$10.92 |
$11.19 |
$11.58 |
$11.17 |
$12.03 |
$12.16 |
$11.99 |
|
| Weighted average number of shares: |
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| Basic |
|
16,109 |
16,086 |
16,061 |
15,932 |
15,892 |
31,738 |
31,418 |
30,974 |
30,884 |
30,841 |
30,624 |
30,510 |
32,048 |
32,549 |
32,495 |
32,467 |
32,463 |
|
| Diluted |
|
16,132 |
16,121 |
17,214 |
17,090 |
17,103 |
34,312 |
34,094 |
33,644 |
33,512 |
33,484 |
33,298 |
33,288 |
33,018 |
33,042 |
33,054 |
33,078 |
33,019 |
|
| Period-end number of shares |
16,106 |
16,076 |
15,982 |
15,893 |
15,892 |
31,596 |
31,034 |
30,886 |
30,870 |
30,777 |
30,522 |
30,450 |
32,558 |
32,538 |
32,472 |
32,440 |
32,463 |
|
| Market data: |
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| High
closing price |
$28.96 |
$28.63 |
$29.33 |
$29.97 |
$36.17 |
$22.57 |
$24.87 |
$25.19 |
$23.47 |
$24.63 |
$25.85 |
$29.25 |
$32.00 |
$32.25 |
$34.27 |
$34.83 |
$34.20 |
|
| Low
closing price |
$23.50 |
$24.74 |
$25.99 |
$25.21 |
$27.56 |
$17.59 |
$19.67 |
$21.00 |
$21.40 |
$21.00 |
$23.01 |
$24.68 |
$27.08 |
$25.00 |
$27.32 |
$30.00 |
$30.25 |
|
| Period end closing price |
$28.96 |
$28.63 |
$27.05 |
$28.69 |
$35.80 |
$22.46 |
$23.49 |
$22.33 |
$21.53 |
$23.38 |
$24.68 |
$27.29 |
$30.96 |
$29.06 |
$31.79 |
$33.46 |
$32.50 |
|
|
Trading volume |
652 |
710 |
1,042 |
872 |
1,117 |
4,492 |
7,380 |
4,705 |
2,843 |
2,573 |
3,032 |
2,963 |
2,745 |
3,252 |
2,792 |
2,781 |
3,284 |
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| Other Period-end Data |
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| FTE Headcount |
|
1,585 |
1,597 |
1,727 |
1,736 |
1,731 |
1,769 |
1,773 |
1,790 |
1,746 |
1,789 |
1,751 |
1,734 |
1,717 |
1,754 |
1,731 |
1,767 |
1,766 |
|
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| Tangible common equity |
|
|
|
|
####### |
####### |
####### |
$338,819 |
$333,125 |
$340,583 |
$377,056 |
$363,451 |
$390,696 |
$394,389 |
$389,344 |
|
| Tier I capital |
|
|
|
|
|
|
####### |
####### |
$367,068 |
$371,677 |
$378,262 |
$372,527 |
$381,428 |
$391,098 |
$399,320 |
$408,163 |
|
| Goodwill |
|
|
|
|
|
$49,100 |
$49,100 |
$49,400 |
$49,400 |
$49,100 |
$49,100 |
$59,281 |
$56,474 |
$56,474 |
$55,409 |
$55,409 |
|
| Amortizable intangibles |
|
|
|
|
$4,332 |
$4,144 |
$6,346 |
$6,168 |
$5,816 |
$5,376 |
$8,732 |
$11,410 |
$10,852 |
$12,263 |
$12,510 |
|
| Mortgage servicing intangibles |
|
|
|
|
$2,607 |
$3,122 |
$3,645 |
$3,088 |
$3,023 |
$2,755 |
$2,464 |
$2,171 |
$1,922 |
$2,520 |
$2,288 |
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| Performance Ratios |
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| Return on average assets |
1.12% |
1.11% |
1.06% |
1.30% |
1.23% |
1.30% |
1.36% |
1.39% |
1.37% |
1.20% |
1.31% |
1.47% |
1.33% |
1.49% |
1.37% |
1.39% |
1.32% |
|
|
| Return on average common equity |
10.09% |
10.16% |
10.60% |
12.74% |
12.25% |
13.04% |
13.30% |
13.87% |
14.08% |
12.42% |
13.79% |
15.21% |
13.01% |
14.97% |
13.67% |
13.54% |
13.32% |
|
|
| Earning asset yield (TE) |
8.16% |
7.87% |
7.64% |
7.36% |
6.95% |
6.73% |
6.77% |
6.50% |
6.05% |
5.95% |
5.99% |
5.96% |
5.82% |
5.83% |
5.86% |
6.00% |
5.90% |
|
|
| Total cost of funds |
3.69% |
3.45% |
3.27% |
2.63% |
2.27% |
2.06% |
1.97% |
1.86% |
1.71% |
1.58% |
1.46% |
1.42% |
1.41% |
1.43% |
1.44% |
1.47% |
1.55% |
|
|
| Net interest margin (TE) |
4.47% |
4.42% |
4.38% |
4.72% |
4.68% |
4.66% |
4.80% |
4.65% |
4.34% |
4.37% |
4.54% |
4.54% |
4.41% |
4.40% |
4.42% |
4.53% |
4.35% |
|
|
| Non-interest expense as a percent |
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| of
total revenue (TE) before amortization |
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| of
purchased intangibles and |
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|
securities transactions |
0.6122 |
0.60653 |
61.49% |
57.81% |
58.03% |
57.34% |
57.97% |
57.97% |
57.33% |
60.09% |
57.90% |
56.12% |
60.17% |
56.79% |
57.55% |
54.95% |
59.99% |
|
|
| Average common equity as |
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| a
percent of average total assets |
11.06% |
10.96% |
9.98% |
10.20% |
10.05% |
9.97% |
10.24% |
10.05% |
9.73% |
9.68% |
9.49% |
9.63% |
10.24% |
9.95% |
10.00% |
10.26% |
9.94% |
|
|
| Leverage
ratio |
|
10.00% |
9.68% |
8.42% |
9.49% |
8.44% |
9.35% |
9.30% |
9.19% |
9.05% |
9.00% |
9.10% |
9.29% |
8.73% |
8.76% |
8.86% |
8.97% |
8.75% |
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| Tangible
common equity to assets |
9.73% |
9.86% |
8.97% |
8.61% |
8.40% |
8.73% |
8.53% |
8.45% |
8.14% |
8.31% |
8.15% |
8.32% |
8.77% |
8.27% |
8.83% |
8.58% |
8.28% |
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| Net charge-offs as a |
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|
percent of average loans |
0.49% |
0.48% |
0.65% |
0.94% |
1.67% |
0.88% |
0.51% |
0.63% |
0.59% |
0.64% |
0.52% |
0.61% |
0.45% |
0.47% |
0.45% |
0.56% |
0.33% |
|
| Allowance
for loan losses as |
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| a
percent of period end loans |
1.71% |
1.69% |
1.90% |
1.82% |
1.68% |
1.65% |
1.65% |
1.65% |
1.64% |
1.57% |
1.54% |
1.50% |
1.49% |
1.47% |
1.45% |
1.48% |
1.48% |
|
| Allowance
for loan losses to |
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| NPAs
+ loans 90 days past due |
127.34% |
136.74% |
133.67% |
104.54% |
118.55% |
122.93% |
134.42% |
143.48% |
149.63% |
138.95% |
147.27% |
169.73% |
188.51% |
211.55% |
225.17% |
251.85% |
323.66% |
|
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| Provision for loan losses to net charge-offs |
100.00% |
100.00% |
67.06% |
66.37% |
68.65% |
116.21% |
141.23% |
143.64% |
100.00% |
114.43% |
133.92% |
113.59% |
126.92% |
126.52% |
114.34% |
150.98% |
122.13% |
|
| Loan/Deposit Ratio |
|
|
63.14% |
60.71% |
59.78% |
62.47% |
64.06% |
62.35% |
63.38% |
66.78% |
70.10% |
70.16% |
70.13% |
73.07% |
75.19% |
72.40% |
|
| Non-interest income excluding |
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|
securities transactions, as a percent |
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| of
total revenue (TE) |
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|
29.63% |
30.21% |
29.66% |
29.29% |
31.27% |
30.29% |
29.10% |
30.70% |
31.40% |
34.75% |
35.93% |
31.98% |
32.37% |
32.77% |
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