HANCOCK HOLDING COMPANY

FDIC-Assisted Acquisition

Peoples First Community Bank

December 18, 2009

Hancock Holding Company

22

This presentation contains certain statements relating to future events and our future results whichconstitute forward-looking statements under the Private Securities Litigation Reform Act of 1995.These “forward-looking statements” are typically identified by words such as “expects,”“anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” or words of similar meaning, orfuture or conditional verbs such as “should,” “could,” or “may.” Forward-looking statements reflectour expectation or predictions of future conditions, events or results based on informationcurrently available and involve risks and uncertainties that may cause actual results to differmaterially from those in such statements. These risks and uncertainties include, but are not limitedto, the risks identified in Item 1A of our Annual Report on Form 10-K filed with the Securities andExchange Commission (the “SEC”) (and available at the SEC’s web site (www.sec.gov)) and thefollowing: general business and economic conditions in the markets we serve may be lessfavorable than anticipated which could decrease the demand for loan, deposit and other financialservices and increase loan delinquencies and defaults; changes in market rates and prices mayadversely impact the value of securities, loans, deposits and other financial instruments and theinterest rate sensitivity of our balance sheet; our liquidity requirements could be adversely affectedby changes in our assets and liabilities; our investment securities portfolio is subject to credit risk,market risk, and illiquidity; the effect of legislative or regulatory developments, including changesin laws concerning taxes, banking, securities, insurance and other aspects of the financialsecurities industry; competitive factors among financial services organizations, including productand pricing pressures and our ability to attract, develop and retain qualified banking professionals;the effect of changes in accounting policies and practices, as may be adopted by the FinancialAccounting Standards Board, the SEC, the Public Company Accounting Oversight Board and otherregulatory agencies; the effect of fiscal and governmental policies of the United States federalgovernment; and the effect of seeking bank acquisitions and, if successful in acquiring any bank,the effect of integrating such bank and consolidating its financial results.

Forward-looking Statements

33

Strategic RationaleHancock Holding Company

Enables HBHC to enter four strategically important FL markets (Ft. Walton-Destin, Panama City, Jacksonville & Orlando) & expand presence in two others (Pensacola & Tallahassee)

Low risk due to loss share protection provided by the FDIC

Strong core deposit base; chartered in 1983 with community focus

Attractive long term markets with substantial growth potential

Immediate positive earnings and book value impact

Hancock Holding CompanyPro Forma Footprint

4

LA

MSAL

FL

Jackson

Pensacola Tallahassee

Tampa

4

Source: SNL Financial.

Baton Rouge

Gulfport

Mobile

Lakeland

4

Acquired 29 branches in Florida

StatePro Forma Branches

Alabama 5

Florida 36

Louisiana 50

Mississippi 46

Total 137

Orlando

JacksonvillePanama City

New Orleans

Hancock Peoples First

3.0

4.0 4.0 0.1

6.0 6.0 6.1

7.2

1.8

0.4

0.0

2.0

4.0

6.0

8.0

10.0

2000 2001 2002 2003 2004 2005 2006 2007 2008 YTD

Tota

l Ass

ets

($B)

HBHC Assets Assets Acquired

3.7

8.8

4.7

55

Historical Asset GrowthHancock Holding Company

Source: SNL Financial and Company filings.2001 Pro Forma for acquisition of Lamar Capital Corporation (assets of approximately $407 million).2003 Pro Forma for acquisition of 2 branches of Dryades Bancorp Inc. (assets of approximately $39 million).2004 Pro Forma for FDIC assisted acquisition of Guaranty National Bank of Tallahassee (assets of approximately $74 million).YTD Pro Forma for recent equity offering and FDIC-assisted acquisition of Peoples First Community Bank (assets of approximately $1.8 billion).Pro Forma excludes all purchase accounting adjustments.

66

DemographicsHancock Holding Company

Source: SNL Financial and Company filings.Deposit data as of 6/30/09.Population and median household income are deposit weighted by county.

’09 – ’14 Projected Population Growth (%) ’09 – ’14 Projected Median HHI Growth (%)

2014 Projected Median HHI ($)

8.7

4.32.9

0.0

2.5

5.0

7.5

10.0

Hancock Peoples First Pro Forma

5.44.54.2

0.0

1.5

3.0

4.5

6.0

Hancock Peoples First Pro Forma

53,10944,90142,414

0

14,000

28,000

42,000

56,000

Hancock Peoples First Pro Forma

Hancock Holding Company

77

Deposits By State (3Q – 2009 EOP)

Hancock Stand-Alone Pro Forma

Source: SNL Financial and Company filings.

MS 39%

LA 31%

AL2%

FL 28%

FL5%

LA 40%

MS 52%

AL3%

88

Deposit Market Share – Hancock Pro FormaHancock Holding Company

8Source: SNL Financial.Deposit data as of 6/30/09.

Panama City MSA Pensacola MSA Fort Walton Beach MSA Tallahassee MSA

Deposits Mkt.Rank Institution Branches ($ M) Share

1 Regions Financial 21 $1,084 20.6 %2 Synovus Financial 14 925 17.63 Wells Fargo 11 580 11.04 Bank of America 9 401 7.65 First National Bank of Florida 7 351 6.76 Hancock Pro Forma 6 349 6.67 SunTrust Banks Inc. 8 310 5.98 Whitney Holding 5 235 4.59 Beach Community 6 225 4.310 Gulf Coast Community Bank 5 222 4.2

Totals 90 $5,268

Deposits Mkt.Rank Institution Branches ($ M) Share

1 Synovus Financial 11 $498 14.7 %2 Regions Financial 9 405 11.93 Beach Community 7 359 10.64 Florida First City Banks 5 260 7.75 Wells Fargo 6 225 6.66 Southern National Banks 7 222 6.57 Bank of America 6 198 5.88 Hancock Pro Forma 3 182 5.39 Banco Bilbao 5 175 5.210 FNBC Financial 3 134 4.0

Totals 62 $3,399

Deposits Mkt.Rank Institution Branches ($ M) Share

1 Capital City Bank 22 $910 16.9 %2 SunTrust Banks 11 660 12.33 Wells Fargo 8 599 11.14 Bank of America 8 448 8.35 Hancock Pro Forma 9 402 7.56 Wakulla Bancorp 9 397 7.47 Premier Bank Holding 7 340 6.38 Regions Financial 5 339 6.39 Synovus Financial 4 330 6.110 FMB Banking 7 312 5.8

Totals 90 $5,381

Deposits Mkt.Rank Institution Branches ($ M) Share

1 Hancock Pro Forma 8 $499 20.2 %2 Regions Financial 13 498 20.13 Bay B&TC 6 215 8.74 Coastal Cmnty Investm 6 214 8.75 Park National 3 192 7.86 SunTrust Banks 6 177 7.27 Wells Fargo 4 155 6.38 Trustmark 4 115 4.69 First NW Florida Holdin 2 106 4.310 Prosperity 4 90 3.7

Totals 56 $2,475

Hancock Peoples First

99

Deposit Market Share – Hancock Pro FormaHancock Holding Company

9

Jacksonville MSA Palm Coast MSA

Orlando MSA Deltona – Daytona Beach MSA

Source: SNL Financial.Deposit data as of 6/30/09.

Peoples First

Deposits Mkt.Rank Institution Branches ($ M) Share

1 Bank of America 37 $13,793 38.8 %2 Wells Fargo 60 6,057 17.13 EverBank Financial 5 5,753 16.24 SunTrust Banks 33 1,749 4.95 Banco Bilbao 25 1,142 3.26 Regions Financial 28 678 1.97 Synovus Financial 7 497 1.48 Fifth Third Bancorp 9 454 1.39 BB&T 15 436 1.210 Prosperity 8 409 1.223 Hancock Pro Forma 4 143 0.4

Totals 231 $35,537

Deposits Mkt.Rank Institution Branches ($ M) Share

1 Wells Fargo 3 $420 27.5 %2 Bank of America 4 329 21.53 SunTrust Banks 5 268 17.64 Hancock Pro Forma 1 122 8.05 BB&T 3 104 6.86 Royal Bank of Canada 3 98 6.47 Intracoastal Bank 2 64 4.28 Prosperity 1 56 3.79 PNC 2 29 1.910 Hartford Financial 1 20 1.3

Totals 25 $1,528

Deposits Mkt.Rank Institution Branches ($ M) Share

1 Wells Fargo 26 $1,938 22.3 %2 SunTrust Banks 25 1,686 19.43 Bank of America 20 1,287 14.84 PNC 9 546 6.35 BB&T 8 493 5.76 Riverside 14 420 4.87 Regions Financial 12 379 4.48 Hartford Financial 4 178 2.09 Fifth Third Bancorp 9 171 2.010 Pinnacle BHC 1 160 1.822 Hancock Pro Forma 1 66 0.8

Totals 129 $8,690

Deposits Mkt.Rank Institution Branches ($ M) Share

1 SunTrust Banks 75 $7,698 21.9 %2 Bank of America 70 6,401 18.23 Wells Fargo 60 4,739 13.54 BB&T 47 3,070 8.85 Regions Financial 56 1,488 4.26 JPMorgan Chase 43 1,440 4.17 Fifth Third Bancorp 39 1,264 3.68 CNLBancshares 4 800 2.39 Marshall & Ilsley 16 701 2.010 FCB Florida Bncp 9 555 1.624 Hancock Pro Forma 6 214 0.6

Totals 425 $35,108

Hancock Corp Trust Office Peoples First

Hancock Holding Company

1010

Deposit Composition (3Q – 2009 EOP)

Hancock Stand-Alone $5.4 B Peoples Stand-Alone $1.7 B

Money Market and

Savings55%

NOW4%

Retail Time20%

Demand3%Jumbo Time

18%

Pro Forma $7.1 B

NOW5%

Retail Time23%

Jumbo Time21%

Demand4%

Money Market and

Savings47%

Source: SNL Financial and Company filings.

Retail Time34%

Jumbo Time32%

Demand6%

Money Market and

Savings23%

NOW5%

Hancock Holding Company

1111

Loan Portfolio (3Q – 2009 EOP)

Hancock Stand-Alone $4.3 B Peoples Stand-Alone $1.4 B

Pro Forma* $5.7 B

Source: SNL Financial and Company filings.* Estimated pro forma does not include purchase accounting marks.

CRE24%

C&I9% Consumer

14%

Other13%

C&D13%1-4 Family

25%

Multifamily2%

1-4 Family48%

Multifamily3%

CRE15%

C&I1%

Consumer2%

C&D31%

Multifamily2%

CRE22%

C&I7%

Consumer11%

Other9%

C&D17%

1-4 Family32%

1212

Transaction OverviewHancock Holding Company

Acquired $1.8 billion assets and assumed $1.7 billion liabilities with a discount bid of $236 million & a 1.0% deposit premium

Other Real Estate Owned retained by the FDIC

Loss-share agreement covers all acquired loans, reimburses 80% of losses up to $385 million & 95% of losses beyond $385 million

FDIC to receive clawback payment if losses are lower than expected

Peoples First’s branches will operate as Hancock Bank, a wholly-owned subsidiary of Hancock Holding Company

1313

SummaryHancock Holding Company

Immediately accretive to EPS and tangible book value per share

Exceeds management thresholds for IRR and EPS accretion

Substantial upfront cash payment from FDIC & expected one-time gain

Pro forma capital remains strong – exceeds 9% TCE

Loan-loss protection provided by FDIC for all acquired loans

Attractive markets with a strong, mature core deposit base

Hancock Holding Company

1414

Carl J. Chaney – President & CEOcarl_chaney@hancockbank.com

Michael M. Achary – EVP & CFOmichael_achary@hancockbank.com

Paul D. Guichet - VP, Investor Relationspaul_guichet@hancockbank.com

Hancock Holding CompanyP.O. Box 4019, Gulfport, MS 39502

Phone: 228.868.4000 or 1.800.522.6542

HancockBank.com

Investor Contacts

HANCOCK HOLDING COMPANY

FDIC-Assisted Acquisition

Peoples First Community Bank

December 18, 2009