Hancock Whitney Corporation (HWC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3331101114794508691,642
Cash and cash equivalents1,3331101114794508691,642
Disposal group, including discontinued operation      20
Total current assets:1,3331101114794508691,662
Noncurrent Assets
Operating lease, right-of-use asset111110
Property, plant and equipment381380354334362377398
Intangible assets, net (including goodwill)942962887836709729754
Goodwill855855791746621621621
Intangible assets, net (excluding goodwill)87107969188108133
Amortization method qualified affordable housing project investments 37    
Total noncurrent assets:1,4341,4901,2411,1701,0711,1061,152
Other undisclosed assets30,87229,00126,88525,68722,45520,86517,933
TOTAL ASSETS:33,63930,60128,23627,33623,97522,83920,747
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,6682,7151,5891,7041,2251,4241,152
Total current liabilities:1,6682,7151,5891,7041,2251,4241,152
Noncurrent Liabilities
Liabilities, other than long-term debt49      
Deferred income tax liabilities49 
Total noncurrent liabilities:49      
Other undisclosed liabilities28,48324,41823,56522,74720,03019,00317,123
Total liabilities:30,20027,13325,15524,45121,25620,42618,275
Stockholders' equity
Stockholders' equity attributable to parent, including:3,4393,4683,0812,8852,7202,4132,472
Common stock     258268
Treasury stock, value     (226)(158)
Additional paid in capital1,7581,7371,7261,7181,6981,6841,689
Accumulated other comprehensive income (loss)80(55)(181)(134)(121)(81)(50)
Retained earnings1,2921,4761,2441,009851778723
Other undisclosed stockholders' equity attributable to parent310310293293291  
Total stockholders' equity:3,4393,4683,0812,8852,7202,4132,472
TOTAL LIABILITIES AND EQUITY:33,63930,60128,23627,33623,97522,83920,747

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,0581,1221,2771,102923873898
Net investment income1,0571,1221,025897730678692
Financial services revenue251205193194186
Cost of revenue(603)(48)(36)(59)(111)(73)(64)
Cost of goods and services sold      (30)
Provision for loan, lease, and other losses(603)(48) 
Financial services costs(36)(59)(111)(73)(34)
Gross profit:4551,0751,2411,043813800834
Operating expenses(243)(235)(603)(576)(512)(489)(514)
Operating income:212840638468300311320
Nonoperating income (expense)3128(35)(20)(16)(22)(19)
Investment income, nonoperating1313     
Loss on contract termination   (7)   
Bank owned life insurance income1815121114 12
Other nonoperating expense  (47)(25)(30)(22)(31)
Interest and debt expense(115)(231)(179)(108)(73)(54)(38)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (21)
Income from continuing operations before equity method investments, income taxes:128637424339211235242
Other undisclosed loss from continuing operations before income taxes(252)(245)(41)(31)(24)(65) 
Income (loss) from continuing operations before income taxes:(125)393382308187170242
Income tax expense (benefit)80(65)(58)(93)(38)(38)(66)
Net income (loss) available to common stockholders, diluted:(45)327324216149131176

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(45)327324216149131176
Other comprehensive income (loss)(37)2(45)17 (31)(15)
Comprehensive income (loss):(83)330279233149101161
Other undisclosed comprehensive income (loss), net of tax, attributable to parent172124(1)(6)(40)  
Comprehensive income, net of tax, attributable to parent:90453277227109101161

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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