Hancock Whitney Corporation (HWC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8301,333110111479450869
Cash and cash equivalents3,8301,333110111479450869
Total current assets:3,8301,333110111479450869
Noncurrent Assets
Operating lease, right-of-use asset102111110
Property, plant and equipment350381380354334362377
Intangible assets, net (including goodwill)926942962887836709729
Goodwill855855855791746621621
Intangible assets, net (excluding goodwill)7087107969188108
Amortization method qualified affordable housing project investments  37    
Total noncurrent assets:1,3781,4341,4901,2411,1701,0711,106
Other undisclosed assets31,32330,87229,00126,88525,68722,45520,865
TOTAL ASSETS:36,53133,63930,60128,23627,33623,97522,839
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,6651,6682,7151,5891,7041,2251,424
Total current liabilities:1,6651,6682,7151,5891,7041,2251,424
Noncurrent Liabilities
Liabilities, other than long-term debt1949     
Deferred income tax liabilities1949 
Total noncurrent liabilities:1949     
Other undisclosed liabilities31,17628,48324,41823,56522,74720,03019,003
Total liabilities:32,86130,20027,13325,15524,45121,25620,426
Stockholders' equity
Stockholders' equity attributable to parent, including:3,6703,4393,4683,0812,8852,7202,413
Common stock      258
Treasury stock, value      (226)
Additional paid in capital1,7561,7581,7371,7261,7181,6981,684
Accumulated other comprehensive income (loss)(54)80(55)(181)(134)(121)(81)
Retained earnings1,6591,2921,4761,2441,009851778
Other undisclosed stockholders' equity attributable to parent310310310293293291 
Total stockholders' equity:3,6703,4393,4683,0812,8852,7202,413
TOTAL LIABILITIES AND EQUITY:36,53133,63930,60128,23627,33623,97522,839

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9791,0581,1221,2771,102923873
Net investment income9791,0571,1221,025897730678
Financial services revenue251205193194
Cost of revenue (603)(48)(36)(59)(111)(73)
Provision for loan, lease, and other losses (603)(48) 
Financial services costs(36)(59)(111)(73)
Gross profit:9794551,0751,2411,043813800
Operating expenses(241)(243)(235)(603)(576)(512)(489)
Operating income:738212840638468300311
Nonoperating income (expense)323128(35)(20)(16)(22)
Investment income, nonoperating131313    
Loss on contract termination    (7)  
Bank owned life insurance income181815121114 
Other nonoperating expense   (47)(25)(30)(22)
Interest and debt expense(53)(115)(231)(179)(108)(73)(54)
Income from continuing operations before equity method investments, income taxes:717128637424339211235
Other undisclosed loss from continuing operations before income taxes(149)(252)(245)(41)(31)(24)(65)
Income (loss) from continuing operations before income taxes:568(125)393382308187170
Income tax expense (benefit)(105)80(65)(58)(93)(38)(38)
Net income (loss) available to common stockholders, diluted:463(45)327324216149131

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):463(45)327324216149131
Other comprehensive income (loss)(7)(37)2(45)17 (31)
Comprehensive income (loss):456(83)330279233149101
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(127)172124(1)(6)(40) 
Comprehensive income, net of tax, attributable to parent:32990453277227109101

Statements sources

The financial statements are based on the company's filings with the 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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