Hancock Whitney Corporation (HWC) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1101114794508691,642 
Cash and cash equivalents1101114794508691,642 
Disposal group, including discontinued operation     20 
Total current assets:1101114794508691,662 
Noncurrent Assets
Operating lease, right-of-use asset110
Property, plant and equipment380354334362377398432
Intangible assets, net (including goodwill)962887836709729754785
Goodwill855791746621621621626
Intangible assets, net (excluding goodwill)107969188108133160
Amortization method qualified affordable housing project investments37    
Total noncurrent assets:1,4901,2411,1701,0711,1061,1521,218
Other undisclosed assets29,00126,88525,68722,45520,86517,93317,791
TOTAL ASSETS:30,60128,23627,33623,97522,83920,74719,009
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,7151,5891,7041,2251,4241,152658
Total current liabilities:2,7151,5891,7041,2251,4241,152658
Noncurrent Liabilities
Other undisclosed liabilities24,41823,56522,74720,03019,00317,12315,926
Total liabilities:27,13325,15524,45121,25620,42618,27516,584
Stockholders' equity
Stockholders' equity attributable to parent, including:3,4683,0812,8852,7202,4132,4722,425
Common stock    258268274
Treasury stock, value    (226)(158) 
Additional paid in capital1,7371,7261,7181,6981,6841,6891,558
Accumulated other comprehensive loss(55)(181)(134)(121)(81)(50)(35)
Retained earnings1,4761,2441,009851778723628
Other undisclosed stockholders' equity attributable to parent310293293291   
Total stockholders' equity:3,4683,0812,8852,7202,4132,4722,425
TOTAL LIABILITIES AND EQUITY:30,60128,23627,33623,97522,83920,74719,009

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,1221,2771,102923873898 
Net investment income1,1221,025897730678692 
Financial services revenue251205193194186 
Cost of revenue(48)(36)(59)(111)(73)(64)(65)
Cost of goods and services sold     (30)(32)
Provision for loan, lease, and other losses(48) 
Financial services costs(36)(59)(111)(73)(34)(33)
Gross profit:1,0751,2411,043813800834(65)
Operating expenses(235)(603)(576)(512)(489)(514)(444)
Operating income (loss):840638468300311320(509)
Nonoperating income (expense)28(35)(20)(16)(22)(19)(38)
Investment income, nonoperating13      
Loss on contract termination  (7)    
Bank owned life insurance income15121114 1211
Other nonoperating expense (47)(25)(30)(22)(31)(45)
Interest and debt expense(231)(179)(108)(73)(54)(38)(41)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (21)805
Income from continuing operations before equity method investments, income taxes:637424339211235242216
Other undisclosed loss from continuing operations before income taxes(245)(41)(31)(24)(65)  
Income from continuing operations before income taxes:393382308187170242216
Income tax expense(65)(58)(93)(38)(38)(66)(53)
Net income available to common stockholders, diluted:327324216149131176163

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:327324216149131176163
Other comprehensive income (loss)2(45)17 (31)(15)(12)
Comprehensive income:330279233149101161151
Other undisclosed comprehensive income (loss), net of tax, attributable to parent124(1)(6)(40)   
Comprehensive income, net of tax, attributable to parent:453277227109101161151

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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