Hancock Whitney Corporation (HWC) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE HANCOCK WHITNEY PLAZA
GULFPORT, MS 39501
State of Incorp. MS
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments323,3323,830,1771,333,352109,961110,579479,105
Cash and cash equivalents323,3323,830,1771,333,352109,961110,579479,105
Total current assets:323,3323,830,1771,333,352109,961110,579479,105
Noncurrent Assets
Operating lease, right-of-use asset96,884102,239110,691110,023
Property, plant and equipment328,605350,309380,516380,209353,668333,663
Intangible assets, net (including goodwill)911,646925,679942,345962,260887,123836,163
Goodwill855,453855,453855,453855,453790,972745,523
Intangible assets, net (excluding goodwill)56,19370,22686,892106,80796,15190,640
Deferred income tax assets211,418   
Amortization method qualified affordable housing project investments    37,300  
Total noncurrent assets:1,548,5531,378,2271,433,5521,489,7921,240,7911,169,826
Other undisclosed assets33,311,94031,322,80130,871,69829,001,00426,884,53725,687,155
TOTAL ASSETS:35,183,82536,531,20533,638,60230,600,75728,235,90727,336,086
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,871,2711,665,0611,667,5132,714,8721,589,1281,703,890
Total current liabilities:1,871,2711,665,0611,667,5132,714,8721,589,1281,703,890
Noncurrent Liabilities
Liabilities, other than long-term debt  19,43449,406   
Deferred income tax liabilities  19,43449,406 
Total noncurrent liabilities:  19,43449,406   
Other undisclosed liabilities29,969,92631,176,35828,482,65824,418,20023,565,43922,747,247
Total liabilities:31,841,19732,860,85330,199,57727,133,07225,154,56724,451,137
Equity
Equity, attributable to parent, including:3,342,6283,670,3523,439,0253,467,6853,081,3402,884,949
Additional paid in capital1,716,8841,755,7011,757,9371,736,6641,725,7411,718,117
Accumulated other comprehensive income (loss)(772,182)(53,935)80,069(54,724)(180,709)(134,402)
Retained earnings2,088,4131,659,0731,291,5061,476,2321,243,5921,008,518
Other undisclosed equity, attributable to parent309,513309,513309,513309,513292,716292,716
Total equity:3,342,6283,670,3523,439,0253,467,6853,081,3402,884,949
TOTAL LIABILITIES AND EQUITY:35,183,82536,531,20533,638,60230,600,75728,235,90727,336,086

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,128,021978,7561,057,9771,122,4201,276,6941,102,353
Net investment income1,128,021978,7561,056,9951,121,8271,025,492897,129
Financial services revenue251,202205,224
Cost of revenue  (602,904)(47,708)(36,116)(58,968)
Provision for loan, lease, and other losses  (602,904)(47,708) 
Financial services costs(36,116)(58,968)
Gross profit:1,128,021978,756455,0731,074,7121,240,5781,043,385
Operating expenses(232,255)(240,699)(242,922)(234,554)(602,582)(575,809)
Operating income:895,766738,057212,151840,158637,996467,576
Nonoperating income (expense)21,71331,80730,99327,904(34,983)(20,043)
Investment income, nonoperating5,83213,47712,81412,958  
Loss on contract termination      (6,603)
Bank owned life insurance income15,88118,33018,17914,94612,42411,473
Other nonoperating expense     (47,407)(24,913)
Interest and debt expense(87,060)(53,188)(115,458)(230,565)(179,430)(108,269)
Income from continuing operations before equity method investments, income taxes:830,419716,676127,686637,497423,583339,264
Other undisclosed loss from continuing operations before income taxes(171,223)(148,620)(252,431)(244,758)(41,467)(30,830)
Income (loss) from continuing operations before income taxes:659,196568,056(124,745)392,739382,116308,434
Income tax expense (benefit)(135,107)(104,841)79,571(65,359)(58,346)(92,802)
Income (loss) from continuing operations:524,089463,215(45,174)327,380323,770215,632
Income (loss) before gain (loss) on sale of properties:463,215(45,174)327,380323,770215,632
Net income (loss) available to common stockholders, diluted:524,089463,215(45,174)327,380323,770215,632

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):524,089463,215(45,174)327,380323,770215,632
Other comprehensive income (loss)(24,139)(6,735)(37,451)2,398(45,198)17,315
Comprehensive income (loss):499,950456,480(82,625)329,778278,572232,947
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(694,108)(127,269)172,244123,587(1,109)(5,855)
Comprehensive income (loss), net of tax, attributable to parent:(194,158)329,21189,619453,365277,463227,092

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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