ex991.htm

Forward-Looking Statements

This presentation may include forward-looking statements containing
expectations about future conditions and descriptions of future plans and
strategies.

Whitney's ability to accurately predict the effects of future plans or
strategies is inherently limited such that actual results and performance
could differ materially from those set forth in the forward-looking
statements.

Factors that could cause actual results to differ from those expressed in
the forward-looking statements are available in Whitney’s filings with the
Securities and Exchange Commission.

Whitney does not intend, and undertakes no obligation, to update or
revise any forward-looking statements, whether as a result of differences
in actual results, changes in assumptions or changes in other factors
affecting such statements.

Whitney Today

§ Whitney today is a very good,
sound bank

§ Difficult operating environment

§ Credit

§ NIM

§ Strong balance sheet and solid
capital position

§ Cost control programs that are part
of our strategic review process are
expected to benefit expense levels

§ Geographic diversification has
helped weather economic
downturns in other markets

1Q08 Earnings

• Net income $30 million

• Earnings per share (diluted)
$.45

• Results include:

– A $2.3 million gain from the VISA IPO

– A $1.4 million gain from the sale of
pre-1933 assets

– A $1.0 million reduction to expense
from the reversal of the VISA liability
in 4Q07

– Provision expense of $14.0 million

• Remain a well-capitalized
company

– 1.6 million shares repurchased

– Increased quarterly dividend

– Tangible capital ratio 8.32%

• Net interest margin of 4.64%

	1Q08	4Q07
(Period-end)
Total Assets	$10.8B	$11.0B
Total Loans	$7.7B	$7.6B
Total Deposits	$8.3B	$8.6B

Net Income	$29.9MM	$30.2MM
E.P.S. (diluted)	$.45	$.45

* NIM remains near the top of the
peer group

* Active management of loan and
deposit pricing

* Liquidity in the deposit base

* Moderately asset-sensitive

* Loan portfolio - 54% variable rate

– (29% tied to Libor; 25% tied to Prime)

* Benefiting from wider
Prime/Libor spread

– Approximately 7bps benefit in
1Q08 compared to normal spread

Net Interest Margin - Asset Sensitive

1Q08 Average Balances

1Q08 NIM 4.64%

1Q07 NIM 5.08%

Diversified By Geography

Total Loans $7.7 billion

– 37% serviced in metro New Orleans

– 18% serviced in southwest LA

– 18% serviced in Florida

• 7% serviced from the panhandle

• 11% serviced from the Tampa Bay metro
area

– 16% serviced in Houston

– 11% serviced in Alabama/Mississippi

– Loan growth supported by economic
and market conditions in Texas,
Alabama and Louisiana markets
outside the metro New Orleans area

• 6% total loan growth from a year
earlier

– 29% growth in Houston

– 16% growth in southwestern LA

– Decrease of approximately 4% in
loans serviced from Florida

At 3/31/08; period-end

Cost Control and Efficiencies

§ Whitney’s strategic focus requires
that we address process inefficiencies
and improve automation in priority
areas

§ Normalized expenses down 2% from
1Q07

§ Strategic investments

§ Opened new offices

§ Offered additional products and services

§ Updated technology

• Will continue expense control
measures for the foreseeable future

($s in millions)	1Q08	4Q07	1Q07
Personnel Expense	$47.4	$48.2	$47.1
Net Occupancy Expense	8.6	8.0	8.1
Equipment & DP	6.2	5.7	5.9
Other Noninterest Expense	21.7	23.9	25.3
Total Noninterest Expense	$83.9	$85.8	$86.4

Sound Capital Levels

	3/31/08	12/31/07	3/31/07
Equity to Assets	11.39%	11.73%	11.30%
Tangible Equity to Assets	8.32%	8.24%	8.22%
Tier I Leverage	8.45%	8.79%	9.02%

A Strong Monitoring Process Is Key

One of our core strengths is understanding and
managing credit risk

– Seasoned, well understood credit culture

– Consistent application and monitoring of standards
throughout the Company

– Multiple controls within our credit culture

– An independent credit review function assesses the
accuracy of officer ratings, timeliness of rating
changes, performs concurrent reviews

Adequately Reserved For Inherent Loss

• Methodology for determining the allowance is a consistent process

– Important factors are re-evaluated quarterly to respond to changing conditions

• Allowance encompasses three elements

– Allowances established for losses on criticized loans

– Allowances based on historical loss experience

• Loans with acceptable credit quality

• Groups of homogenous loans not individually rated

– Allowances based on general economic conditions

• Allowance is built each quarter from the bottom up in determining loan loss provision

• Based on estimates of the inherent loss in the portfolio, we believe we are adequately
reserved

Reserves/loans %

Commercial and Business Banking Focus

• Commercial portfolio 83%

– 46% CRE

– 37.5% C&I

• Consumer portfolio 17%

– 12% Residential RE

– 4% Individual

• No Indirect portfolio

• No meaningful exposure to
subprime home mortgage loans

• Minimal Credit Card portfolio

– $44 million

• Oil & gas approximately 10%

• Real Estate portfolio diversified
by geography

At 3/31/08

Commercial Real Estate Diversified

($s in millions)	LA	AL/MS	FL	TX	Total
Residential Construction	81.8	42.4	69.9	85.1	$279.2
Commercial construction, land & land development	419.3	224.9	426.9	355.3	$1,426.5
Owner- occupied CRE	459.1	70.6	176.4	87.1	$793.2
Nonowner- occupied CRE	477.4	104.0	317.9	134.8	$1,034.1
Total CRE	$1,437.6	$441.9	$991.1	$662.3	$3,533.0

• Commercial real estate
exposure diversified

– 41% LA

– 28% FL

– 19% TX

– 12% AL/MS

At 3/31/08

Florida Loan Portfolio Facts

• Total portfolio approximately $1.4 billion

– Approximately $540 million in panhandle

– Approximately $850 million in Tampa Bay area

• CRE portfolio totals $991 million

– Residential construction $70 million

• Lot loans = 12% of total FL portfolio

• Undeveloped land loans = 7% of total FL portfolio

• 13% of total FL portfolio is criticized

At 3/31/08

• Prompt identification of problem
loans leads to increased level of
downgrades, criticized and
nonperforming loans

• 5% of total loans are criticized

– 13% of FL loans are criticized

• Approximately 1/3rd of the
criticized are lots and
undeveloped land

– 6% AL/MS loans are criticized

– 3% TX loans are criticized

– 3% LA loans are criticized

• Increase of $87 million in
criticized during 1Q08

– Approximately 70% from 4
credits, each in a different
geography, each in a different
industry, all rated special
mention

$s in millions

Prompt Identification of Problem Loans

NPAs are included in total criticized portfolio

Criticized loan portfolio
(by risk rating)

Criticized loan portfolio
(by geography)

At 3/31/08

• NPAs = $151 million at 3/31/08

– NPLs = $139 million

– ORE = $12 million

• Handful of larger loans can
significantly impact our ratios

– NPA ratio 1.96%

– Reserve coverage ratio .66%

• Approximately half of NPLs from
Florida

• 4 larger credits have impacted NPLs
since 6/30/07

– Different geographies

– Different industries

– Today these credits = $36 million or 47bps
of the NPA ratio

Thorough Workout Process

NPLs by geography (at 3/31/08)

All Florida Portfolios Are Not The Same

• All Florida portfolios are not the same

– Underwriting standards vary

– Relationship banking is our focus

• All Florida loans are not troubled

– 87% of our Florida portfolio is not criticized

• All loans in Florida were not made at 100% LTV

• All Florida loans are not collateral dependent

– Many have been subject to ongoing amortization

– Many guarantors have adequate liquidity and cash flows to
support the debt

• All collateral values have not dropped at least 50%

Historical Trend: Healthy Level of Recoveries

Percent Net Charge-offs to Average Loans

• Higher level in 1Q08
as we took charge-
offs for some of the
inherent losses we
reserved for in earlier
periods

• Net charge-offs
historically at or
below peer levels
given a higher level
of recoveries

A Renewed Strategic Vision

Updated our Strategic Plan

Reviewed and challenged:

Where we’ve been

Where we are today
Where we believe Whitney should go

Mission Statement

Guiding Principles

Whitney’s Mission Will Not Change

OUR MISSION IS TO DELIVER
EXTRAORDINARY VALUE AND SERVICE,
ALONG WITH SUPERIOR RESULTS, TO OUR
CUSTOMERS AND SHAREHOLDERS WHILE
PROVIDING LEADERSHIP TO OUR LOCAL
COMMUNITIES AND OUTSTANDING CAREER
OPPORTUNITIES TO OUR VALUED EMPLOYEES.

Whitney’s Guiding Principles Will Not Change

• Soundness - This ensures our continuity and
promotes the trust of our customers, shareholders and
communities.

• Profitability - We focus on profitability, since it is not
only a gauge of our success, but ensures that we will
have the capital we need to continue to evolve and
improve in the future.

• Growth - Growth will result when we exercise
leadership and diligently apply sound, profitable
strategies to our local market opportunities.