HANCOCK WHITNEY CORPORATION HWC Cash Flow

Hancock whitney corporation (HWC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)
-111,033	92,132	67,807	88,277	79,164	96,240	83,878	71,177	72,475	55,449	58,902	52,267	49,014	51,831	46,719	46,907	3,839	15,307	41,166	34,829	40,159	40,092	46,553	39,962	49,115	34,716	33,202	46,862	48,576	46,959	46,984	39,304	18,495	18,966	30,377	12,088	15,328	17,019	14,853	6,500	13,834
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
7,880	8,033	7,698	7,653	7,516	6,760	6,721	6,468	6,551	7,158	6,982	7,045	6,915	7,013	7,006	7,145	7,199	7,230	7,134	7,181	7,218	7,334	7,310	7,767	7,899	7,885	8,157	8,060	7,961	7,628	8,069	8,464	8,695	8,875	6,474	6,060	3,196	3,331	3,144	3,479	3,572
Provision for credit losses
246,793	9,156	12,421	8,088	18,043	8,100	6,872	8,891	12,253	14,986	13,040	14,951	15,991	14,455	18,972	17,196	60,036	50,196	10,080	6,608	6,154	9,718	9,468	6,691	7,963	7,330	7,569	8,257	9,578	28,051	8,101	8,025	10,015	11,511	9,255	9,144	8,822	11,390	16,258	24,517	13,826
(Gain) loss on other real estate and foreclosed assets
-10,550	226	-1,945	102	991	3,042	47	476	-210	974	-543	2,354	54	-701	5,272	289	-416	-1,156	147	126	248	71	2,167	-745	-1,388	-810	-1,673	-1,856	10	9,548	-8,127	-8,272	-1,502	-3,336	-617	-496	-473	3,215	215	-1,326	-144
Gain on sale of securities
112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax expense (benefit)
-34,279	16,964	5,563	-6,256	30,829	24,872	-1,019	6,571	14,790	41,759	2,657	-1,741	7,156	6,874	-4,050	-2,622	-8,041	4,790	1,057	1,586	9,252	-758	2,800	8,313	13,182	20,113	7,673	7,793	5,341	-3,092	22,986	14,606	-2,035	-28,871	11,384	28,041	-1,851	-812	-2,448	-5,534	-2,808
Increase in cash surrender value of life insurance contracts
646	5,366	3,896	3,124	3,772	1,136	4,093	-725	3,346	4,104	3,425	3,794	3,636	2,305	3,423	4,176	1,208	2,089	2,364	2,740	2,596	4,814	2,359	2,319	2,282	2,459	2,400	1,698	4,666	4,190	-233	2,679	6,171	20,863	-14,440	2,278	3,468	2,442	1,479	1,869	2,232
(Gain) loss on the sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,147	-13,680	-15,670	-2	5,471	2,434	-29,894	8,039	-2,536	2,669	-6,612	-23,407	47	612	716
Loss on sale of business
-	-	-	-	-	0	0	0	-1,145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of other assets
-	-	-	-	-	-	-	-	-	75	-207	-1,226	-229	-2,588	1,324	2,579	2,111	-189	68	-2,034	340	-129	1,146	-1,417	1,682	-	-	-65	-124	-	-	-305	-78	-173	-1	1	597	22	-1	168	127
Net (increase) decrease in loans held for sale
5,709	-18,954	38,729	13,712	-5,714	-1,044	-6,643	13,873	-18,172	8,266	-3,406	5,789	-13,966	-7,431	528	17,862	3,308	787	-3,493	3,351	-356	-11,217	-6,679	8,926	-9,264	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net amortization of securities premium/discount
-9,349	-9,033	-8,505	-7,619	-7,009	-7,721	-8,527	-8,460	-8,453	-9,125	-9,175	-7,621	-7,323	-8,212	-7,931	-7,106	-5,799	-5,649	-5,715	-5,518	-4,223	-4,086	-4,348	-4,307	-4,236	-4,875	-7,253	-9,441	-10,401	-11,646	-12,087	-12,551	-13,603	-15,123	-10,440	-2,193	-1,767	-2,425	-1,988	-1,473	-1,185
Amortization of intangible assets
5,345	5,770	4,889	5,047	5,138	5,472	5,638	5,322	5,618	5,885	6,070	5,757	4,705	4,766	4,886	5,005	5,124	5,691	6,027	6,148	6,318	6,445	6,570	6,744	7,038	7,343	7,306	7,431	7,555	7,677	8,126	7,960	8,304	7,219	7,097	1,615	620	551	690	717	770
Amortization of FDIC loss share receivable
-	-	-	-	-	-	0	-6	-11,107	0	0	1,327	1,100	1,240	1,539	1,526	1,613	1,713	1,564	1,273	1,197	2,113	2,760	3,321	3,908	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
5,583	5,405	5,129	5,187	5,181	4,925	5,047	4,938	4,883	5,263	4,010	4,151	4,209	3,711	3,391	3,114	4,050	3,475	3,116	3,282	3,071	3,444	3,394	3,288	3,832	2,644	3,409	3,491	3,535	3,301	2,704	2,590	2,424	2,458	1,838	1,806	1,094	1,047	1,001	992	1,037
Net change in liability from variation margin collateral
-105,921	-	-	-	-3,820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution to pension plan
-	0	0	0	-100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in interest payable and other liabilities
-18,641	42,379	-23,307	-9,167	-11,658	-6,735	19,735	10,171	-32,568	7,345	19,367	8,918	-33,323	1,369	11,629	5,755	-8,438	2,031	-443	2,267	-8,577	-6,103	953	-2,271	-7,814	21,880	12,694	2,774	-7,795	-19,492	-3,723	-13,984	-21,090	-80,560	-212,552	195,696	-2,570	-7,586	-2,301	-1,122	-1,396
Net payments from FDIC for loss share claims
-	-	-	-	-	-	-	-	-	-1	3,235	196	-1,131	-2,698	-277	143	-302	-616	514	6,573	7,580	-	-	-	-	-879	-26,967	-63,794	29,875	-30,846	-22,071	-38,459	-23,600	-	-	-	-	-	-	-	-
Decrease in FDIC loss share receivable
-	-	-	-	-	-	-	-	-	0	0	-7,711	-902	-2,180	3,939	-6,869	-557	-98	-1,162	-6,335	1,188	2,006	1,001	-10,144	1,414	2,009	1,609	2,009	3,490	-10,406	5,528	16,877	33,285	172,103	-59,599	-61,127	14,125	3,852	44	1,180	207
Decrease in interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-653
(Increase) decrease in other assets
-9,887	11,925	10,448	-23,152	23,335	-1,937	28,822	-6,253	-6,821	21,282	-3,187	13,103	-21,362	25,496	-3,576	-9,629	-27,488	84,836	-6,945	10,099	6,826	10,693	-14,826	285	-6,545	43,815	-2,569	-30,719	-9,803	-17,833	2,183	-11,981	-24,524	-40,064	-64,323	29,267	11,164	-23,029	8,696	-6,618	-45,002
Proceeds from sale of loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	133,515	607,727	90,518
Originations of loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144,305	617,061	75,900
Excess tax benefit from share based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-36	56	203
Other, net
7,521	5,075	241	1,018	1,595	-1,392	-606	451	-144	22,058	-14,128	-1,995	-1,600	-14,223	-4,047	-2,382	-143	-3,743	-7,106	1,891	447	9,552	-2,246	-2,063	-1,947	-2,409	-8,732	128	102	-1,756	2,016	101	15	157	-58	-95	100	316	158	491	-14
Net cash provided by operating activities
11,525	185,656	37,487	115,383	13,423	119,086	109,933	115,671	104,494	-93,993	322,366	86,384	96,328	74,927	90,883	85,249	92,856	12,940	92,057	65,427	65,306	64,791	103,551	80,961	103,125	62,345	138,193	140,638	132,356	123,282	124,770	116,442	78,538	-3,707	-11,517	284,233	4,037	71,436	11,793	25,937	85,632
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from the sale of available for sale securities
124,122	-	-	-	-	-	-	-	-	-	-	-	-	31,499	39,381	54,561	47,774	2	57	9	9,221	154	0	0	1,301	-	-	-	-	10,675	37,184	0	477	19,295	143	323,426	0	-	-	-	-
Proceeds from maturities of securities available for sale
166,265	90,290	79,237	69,558	55,596	73,386	85,569	88,031	80,155	89,573	91,980	76,174	81,116	109,501	112,020	99,824	86,966	86,451	193,501	93,804	468,358	65,631	72,539	69,591	76,221	81,261	142,870	174,613	193,403	200,755	183,072	349,144	348,222	411,803	203,688	284,747	98,488	118,125	266,359	92,542	126,076
Purchases of securities available for sale
367,944	200,607	676,206	132,490	1,502	264,447	46,743	176,734	142,052	163,589	153,594	364,612	60,484	351,628	259,102	293,720	167,419	37,410	203,251	444,331	638,861	71,901	391,783	23,701	24,703	57,166	-41	10	1,017,609	77,050	105,431	93,331	10,013	490,158	91,558	950,707	200,334	13,180	206,222	1,879	268,554
Proceeds from maturities of securities held to maturity
84,176	120,370	105,597	112,020	79,533	86,326	94,361	85,217	93,408	97,015	101,411	81,978	92,684	117,820	116,912	104,089	86,632	99,367	251,546	99,483	88,381	83,910	91,992	83,294	183,363	84,320	123,412	134,364	161,558	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities held to maturity
-	-	-	-	-	0	35,262	206,488	134,020	309,015	0	466,595	87,847	192,004	89,467	46,073	236,117	90,876	391,467	58,910	207,849	-	-	-	-	30,852	105,017	36,656	308,988	-111	-1	307,322	253,114	-	-	-	0	-	-	-	-
Net increase in short-term investments
766,085	102,719	-423,938	-12,700	52,668	3,020	3,864	42,669	-30,843	-19,341	-14,704	-307,614	-9,428	-50,743	-24,239	1,608	-414,004	371,141	-404,041	-491,044	286,551	734,090	-27,876	-160,020	-12,086	-2,283,717	-6,532	34,360	1,024,541	-1,180,353	330,116	359,066	176,408	-299,400	87,119	218,097	-110,463	66,335	189,800	-71,145	33,025
Proceeds from maturities of short term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	155,000
Purchase of short term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80,000
Net decrease in federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-98	393
Proceeds from sales of loans and leases
2,608	907	10,390	58,692	42,059	118,981	15,478	19,792	12,211	14,660	11,544	0	33,279	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in federal funds sold and short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,994	-295	553	-	-12,863	-1,600	-30	222	297	-1,031	-494	10,216	-6,705	288,074	-9,946	-	-	-	-
Net increase in loans
339,888	201,037	75,137	130,761	148,073	651,088	202,123	308,538	196,328	281,577	350,949	112,357	306,745	739,429	120,964	181,408	289,324	985,846	419,109	427,456	36,137	562,003	479,695	363,880	217,289	605,020	82,533	221,649	-74,269	183,035	390,746	-21,108	-45,143	139,487	-80,837	-29,959	-114,748	65,911	-41,449	8,752	-73,614
Purchases of property and equipment
9,460	8,970	11,028	10,283	12,435	18,081	14,467	10,212	7,904	4,211	3,437	5,320	7,329	8,455	6,867	2,400	1,550	4,275	5,633	5,287	8,609	6,079	3,489	4,770	6,111	6,174	7,254	6,882	11,719	8,164	14,697	16,362	3,756	10,965	23,466	5,347	33,197	3,712	6,771	7,415	4,001
Proceeds from sales of property and equipment
-	-	-	-	-	-	-	0	42	-	373	-1	17	-	-	-	-	-	-	-	-	3,628	1,661	384	6,562	-	-	151	99	-	-	1,595	1,799	36	7,378	300	1,612	1,797	12	233	178
Proceeds from sales of other real estate
3,007	9,894	14,630	1,521	4,613	7,100	2,104	6,369	1,641	8,967	3,046	9,212	3,099	3,915	11,714	4,679	4,316	7,503	7,659	9,984	21,969	16,839	13,225	18,340	11,348	22,442	13,394	18,584	38,242	43,656	20,636	31,334	24,457	27,131	22,334	27,025	3,635	12,649	21,964	5,621	1,711
Final cash settlement for acquisition of business
-	-	-	0	1,112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisition, net of cash received
-	-	-	-	-	-	-	-	-	-	-	-	322,708	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of business, net of cash sold
-	-	-	-	-	0	0	567	77,081	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
1,731	45,782	8,928	2,024	8,863	-51,486	16,694	25,326	8,915	-24,005	-9,438	-1,174	39,588	-4,476	6,640	578	-3,567	-4,999	-53	4,074	4,582	-5,828	10,600	-14,115	-758	-4,315	3,554	1,243	2,483	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-1,104,930	-212,576	4,557	-208,151	-42,852	-101,558	20,086	-571,592	-193,838	-505,412	-274,342	489,511	-605,078	-956,071	-118,506	-195,303	-51,151	-1,287,041	-161,164	-807,268	-20,958	-795,383	-767,020	-367,973	19,917	-311,526	61,714	94,032	151,283	-1,017,377	211,389	459,126	329,129	-471,529	165,042	140,921	-135,457	-13,831	261,656	49,108	37,442
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits
1,204,921	-397,593	-315,821	-144,252	230,109	732,378	-34,963	-250,384	232,638	719,343	91,044	-9,543	99,583	538,789	68,608	160,719	307,254	908,964	138,160	441,303	287,654	836,137	491,467	-29,547	-85,742	305,645	-101,067	-97,413	-490,837	971,238	-157,869	-501,947	-280,813	420,816	-116,380	-291,325	-78,409	66,921	-251,773	-45,346	-189,895
Net decrease in short-term borrowings
-41,589	606,057	400,221	252,863	-200,393	-687,519	-37,543	862,093	-251,793	-33,261	-73,756	-396,911	385,777	149,450	-19,151	-5,680	-322,857	374,462	-30,011	323,943	-396,323	-20,236	108,145	351,030	54,674	-124,819	-45,328	105,570	83,404	-109,501	-84,075	-17,580	-194,165	141,420	-20,939	-58,617	51,489	-171,763	13,574	-32,862	51,020
Repayments of long-term debt
76	13,996	75	76	75	74	50,325	34,549	5,268	5,421	76,853	117,362	4,475	4,475	-12,040	9,285	19,551	126,312	14,021	8,800	8,800	8,802	8,802	8,801	8,955	8,809	8,824	8,823	8,822	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of long-term debt
-	-	-	-	-	20,486	41	0	83	41	41	42	41	42	911	5,819	66	124,412	3,857	100	145,196	3,816	10,263	3,791	3,130	17,971	366	25	6,153	226,218	80	40	6,382	-	-	-	-	-	-	-	-
Dividends paid
24,028	24,100	23,597	23,593	23,581	23,551	23,512	20,894	20,881	20,866	20,806	20,801	20,793	19,202	19,111	19,107	19,131	19,132	19,177	19,180	19,524	20,102	19,989	20,082	20,219	20,212	20,106	20,108	20,786	20,774	20,664	20,666	20,586	20,566	20,550	20,540	8,961	8,951	8,927	8,926	8,917
Payroll tax remitted on net share settlement of equity awards
1,494	4,701	749	157	688	8,132	148	273	142	8,646	111	2,961	163	2,734	64	253	127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	0	119	331	782	482	183	2,777	8,650	-	-	-	-	-	-	-	-	1,526	102	206	654	2,152	183	166	233	804	456	-628	1,382	419	443	195	72	-	-	-	1,076
Proceeds from issuance of common stock in public offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	23,076	190,918	-	-	-	-
Proceeds from dividend reinvestment and stock purchase plans
984	922	889	924	879	914	849	809	837	906	784	775	755	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of forward contract portion of accelerated share repurchase
12,110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	140,025	-11	-	-	-	-
Repayments of short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	-	19,817	87	96
Repurchase of shares
12,716	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,777	15,566	0	75,270	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-134	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74	-	-36	56	203
Net cash provided by financing activities
1,138,112	-9,039	60,867	97,726	6,251	26,235	-145,482	557,133	-43,744	652,578	-79,474	-543,984	469,375	923,961	44,067	132,383	-54,480	1,254,232	63,242	737,713	-67,067	754,688	571,219	296,597	-56,458	171,928	-174,776	-135,583	-430,655	927,963	-314,137	-540,781	-487,800	539,490	-161,165	-207,202	155,114	-93,551	-265,799	-88,241	-146,609
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS
44,707	-35,959	102,911	4,958	-23,178	43,763	-15,463	101,212	-133,088	53,173	-31,450	31,911	-39,375	42,817	16,444	22,329	-12,775	-19,869	-5,865	-4,128	-22,719	24,096	-92,250	9,585	66,584	-77,253	25,131	99,087	-147,016	33,868	22,022	34,787	-80,133	64,254	-7,640	217,952	23,694	-35,946	7,650	-13,196	-23,535
SUPPLEMENTAL INFORMATION FOR NON-CASH INVESTING AND FINANCING ACTIVITIES
Assets acquired in settlement of loans
1,612	7,115	8,100	1,797	4,273	2,851	16,631	1,606	1,305	14,370	1,915	1,824	1,031	4,302	1,486	8,864	1,662	2,465	2,607	6,229	4,161	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired in settlement of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,621	8,962	6,337	9,391	15,022	13,726	13,322	12,211	21,166	21,425	21,326	60,288	17,129	27,187	13,086	-	-	-	-
Transfers from available for sale securities to held to maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	38,628	1,484,957	-	-	-	0	-	-	-	-
Restricted stock issued to employees of Hancock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	319
Transfers from loans to other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,858
Financed sale of foreclosed property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	260