HANCOCK WHITNEY CORPORATION HWC Income Statement

Hancock whitney corporation (HWC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Interest income:
Loans, including fees
971,735	877,875	772,030	625,023	583,751	601,466	629,882	667,014	499,721	284,922	244,124	246,573
Loans held for sale
1,876	946	851	1,022	678	708	882	1,373	-	-	-	-
Securities-taxable
127,459	124,720	102,013	91,099	90,522	85,806	85,426	86,402	84,321	60,653	70,573	80,048
Securities-tax exempt
20,757	21,951	22,235	13,222	3,447	3,873	4,621	5,841	6,031	5,232	4,555	4,978
Short-term investments
3,955	2,776	3,452	1,801	1,248	960	1,399	1,919	2,131	1,751	4,475	-
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	1,858
Other investments
-	-	-	-	-	-	-	-	-	-	-	1,980
Total interest income
1,125,782	1,028,268	900,581	732,167	679,646	692,813	722,210	762,549	592,204	352,558	323,727	335,437
Interest expense:
Deposits
187,988	130,715	76,546	48,934	33,876	23,223	24,175	32,741	55,691	72,903	84,313	111,052
Short-term borrowings
30,766	36,096	15,735	4,065	1,078	2,361	4,542	6,005	7,034	9,306	10,809	14,843
Long-term debt
11,811	12,619	15,988	20,052	19,518	12,535	12,762	12,936	8,246	136	178	184
Capitalized interest
-	-	-	-	-	-	-	-	-	-	-	-77
Total interest expense
230,565	179,430	108,269	73,051	54,472	38,119	41,479	51,682	70,971	82,345	95,300	126,002
Net interest income
895,217	848,838	792,312	659,116	625,174	654,694	680,731	710,867	521,233	270,213	228,427	209,435
Provision for credit losses
47,708	36,116	58,968	110,659	73,038	33,840	32,734	54,192	38,732	65,991	54,590	36,785
Net interest income (loss) after provision for credit losses
847,509	812,722	733,344	548,457	552,136	620,854	647,997	656,675	482,501	204,222	173,837	172,650
Noninterest income:
Bank card fees
-	-	-	-	-	-	-	-	-	14,941	11,252	11,082
ATM fees
-	-	-	-	-	-	-	-	-	9,486	7,374	6,856
Insurance commissions and fees
-	-	-	-	8,567	9,473	15,804	15,692	16,524	14,461	14,355	16,554
Amortization of loss share receivable
-	-	-	5,918	5,747	12,102	2,239	-5,000	-	4,890	-	-
Net gain on sales of assets
593	24,654	7,478	7,814	-	-	-	-	-	-	-	-
Securities transactions
-	-25,480	-	1,754	335	-	105	1,552	-91	-	69	4,825
Accretion of indemnification asset
-	-	-	-	-	-	-	-	-	-	0	-
Bargain purchase gain on acquisition
-	-	-	-	-	-	-	-	-	-	33,623	-
Other income
53,938	43,786	39,870	39,668	35,961	35,438	37,231	36,888	42,267	12,025	16,047	13,576
Total noninterest income
315,907	285,140	267,781	250,781	237,284	227,999	246,143	253,747	206,336	136,949	157,327	127,778
Noninterest expense:
Compensation expense
362,083	330,968	320,096	287,783	278,661	276,881	291,225	293,783	234,071	112,478	95,674	-
Employee benefits
77,796	73,727	71,817	66,830	54,880	51,415	65,257	72,401	52,531	29,564	25,775	-
Personnel expense
439,879	404,695	391,913	354,613	333,541	328,296	356,482	366,184	286,602	142,042	121,449	109,773
Net occupancy expense
50,936	47,795	47,869	41,296	44,842	43,596	48,854	54,467	43,220	23,803	20,340	19,538
Equipment expense
18,393	16,367	14,841	13,663	15,494	16,953	20,026	24,097	17,524	10,569	9,849	10,992
Data processing expense
82,981	74,129	66,385	58,619	55,590	51,369	48,367	49,935	43,069	23,646	19,043	-
Professional services expense
45,007	41,579	40,235	29,561	40,198	33,221	39,357	57,457	69,931	16,447	12,321	-
Amortization of intangible assets
20,844	22,050	22,417	19,781	24,184	26,797	29,470	32,067	16,551	2,728	1,417	1,432
Telecommunications and postage
-	-	-	-	14,127	14,676	17,432	21,437	18,514	11,019	8,474	-
Deposit insurance and regulatory fees
19,512	31,423	29,627	23,499	16,736	11,872	14,914	14,902	12,980	11,401	12,589	-
Other real estate and foreclosed assets (income) expense
671	-2,985	-2,669	-3,481	2,740	2,758	8,036	12,250	6,910	4,475	-	-
Advertising
-	-	-	-	-	-	-	-	-	-	5,597	-
Other expense
92,454	80,693	82,073	74,764	72,203	77,128	95,336	80,271	78,713	33,130	22,391	71,708
Total noninterest expense
770,677	715,746	692,691	612,315	619,655	606,666	678,274	713,067	594,014	279,260	233,470	213,443
Income (loss) before income taxes
392,739	382,116	308,434	186,923	169,765	242,187	215,866	197,355	94,823	61,911	97,694	86,985
Income taxes expense (benefit)
65,359	58,346	92,802	37,627	38,304	66,465	52,510	45,613	18,064	9,705	22,919	21,619
Net income (loss)
327,380	323,770	215,632	149,296	131,461	175,722	163,356	151,742	76,759	52,206	74,775	65,366
Earnings (loss) per common share-basic
3.72	3.72	2.49	1.87	1.64	2.10	1.93	1.77	1.16	1.41	2.28	2.07
Earnings (loss) per common share-diluted
3.72	3.72	2.48	1.87	1.64	2.10	1.93	1.75	1.15	1.40	2.26	2.04
Dividends paid per share
1.08	1.02	0.96	0.96	0.96	0.96	-	-	-	-	-	-
Weighted average shares outstanding-basic
86,488	85,355	84,695	77,850	78,197	81,804	-	-	-	-	-	-
Weighted average shares outstanding-diluted
86,599	85,521	84,963	77,949	78,307	82,034	-	-	-	-	-	-
Service charges on deposit accounts
Service charges on deposit accounts
86,364	85,272	83,166	74,187	72,813	77,006	79,000	78,246	55,265	45,335	45,354	44,243
Trust fees
Service charges on deposit accounts
61,609	55,488	44,538	46,589	45,627	44,826	38,186	32,736	23,940	16,715	15,127	16,858
Bank card and ATM fees
Service charges on deposit accounts
66,976	60,440	53,779	47,427	46,480	45,031	45,939	49,112	42,931	-	-	-
Investment and annuity fees and insurance commissions
Service charges on deposit accounts
26,574	25,348	23,741	22,978	20,669	20,291	19,574	18,033	15,016	10,181	8,220	10,807
Secondary mortgage market operations
Service charges on deposit accounts
19,853	15,632	15,209	16,282	12,579	8,036	12,543	16,488	10,484	8,915	5,906	2,977