HANCOCK WHITNEY CORPORATION HWC Income Statement

Hancock whitney corporation (HWC)

Income statement / 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	Sep'09	Jun'09
Interest income:
Loans, including fees
238,723	246,345	243,875	243,233	238,282	232,535	224,332	215,161	205,847	205,367	199,702	194,180	172,781	158,432	155,761	156,717	154,113	148,481	146,398	141,905	146,967	148,400	150,481	151,603	150,982	150,534	158,715	156,651	163,982	169,174	166,334	165,278	166,228	170,829	166,300	94,591	68,001	70,100	69,169	71,487	74,166	61,146	59,863
Loans held for sale
621	687	592	344	253	162	268	295	221	182	216	236	217	291	323	249	159	184	176	222	96	164	197	152	195	-	177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities-taxable
32,607	33,352	32,724	30,244	31,139	32,154	32,482	30,783	29,301	27,628	26,616	24,402	23,367	22,311	21,782	23,049	23,957	24,427	23,631	21,674	20,790	21,205	20,824	21,069	22,708	23,184	21,318	21,520	19,404	18,513	21,141	23,431	23,317	23,300	29,004	19,023	12,994	13,336	14,545	16,343	16,429	16,643	17,981
Securities-tax exempt
4,944	5,042	5,058	5,211	5,446	5,463	5,461	5,490	5,537	5,592	5,608	5,628	5,407	4,629	3,780	3,011	1,802	883	839	845	880	927	954	965	1,027	1,006	1,176	1,198	1,241	1,464	1,422	1,311	1,644	1,687	1,758	1,347	1,239	1,275	1,302	1,460	1,195	1,099	1,063
Short-term investments
448	531	915	1,346	1,163	1,043	669	575	489	404	574	1,731	743	204	507	480	610	335	285	274	354	275	245	212	228	221	253	280	645	615	308	469	527	683	633	516	299	-	-	-	-	-	-
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	13	15	-	1
Other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	382	438	574	870	1,197
Total interest income
277,343	285,957	283,164	280,378	276,283	271,357	263,212	252,304	241,395	239,173	232,716	226,177	202,515	185,867	182,153	183,506	180,641	174,310	171,329	164,920	169,087	170,971	172,701	174,001	175,140	175,650	181,639	179,649	185,272	191,139	189,205	190,489	191,716	196,499	197,695	115,477	82,533	85,040	85,398	89,741	92,379	79,758	80,105
Interest expense:
Deposits
38,937	42,787	49,220	49,843	46,138	39,696	34,190	29,870	26,959	23,574	21,789	18,364	12,819	12,008	12,590	12,603	11,733	10,196	8,933	7,621	7,126	6,792	5,828	5,251	5,352	5,390	5,851	6,189	6,745	7,087	7,519	7,872	10,263	12,974	15,138	13,570	14,009	14,072	16,147	19,400	23,284	19,205	20,703
Short-term borrowings
4,462	7,108	7,729	7,847	8,082	11,549	11,780	7,416	5,351	4,137	4,425	4,232	2,941	1,123	1,040	909	993	447	273	186	172	252	238	822	1,049	1,094	1,074	1,055	1,319	1,229	1,514	1,623	1,639	1,689	1,902	1,755	1,688	2,013	2,406	2,451	2,436	2,731	2,680
Long-term debt
2,756	2,906	3,276	2,820	2,809	2,679	3,048	3,471	3,421	3,415	3,645	3,864	5,064	4,938	5,010	5,025	5,079	5,272	5,293	5,322	3,631	3,114	3,094	3,150	3,177	3,159	3,184	3,226	3,193	2,959	2,916	3,535	3,526	3,468	3,613	1,093	72	16	23	17	80	68	30
Total interest expense
46,155	52,801	60,225	60,510	57,029	53,924	49,018	40,757	35,731	31,126	29,859	26,460	20,824	18,069	18,640	18,537	17,805	15,915	14,499	13,129	10,929	10,158	9,160	9,223	9,578	9,643	10,109	10,470	11,257	11,275	11,949	13,030	15,428	18,131	20,653	16,418	15,769	16,101	18,576	21,868	25,800	22,004	23,413
Net interest income
231,188	233,156	222,939	219,868	219,254	217,433	214,194	211,547	205,664	208,047	202,857	199,717	181,691	167,798	163,513	164,969	162,836	158,395	156,830	151,791	158,158	160,813	163,541	164,778	165,562	166,007	171,530	169,179	174,015	179,864	177,256	177,459	176,288	178,368	177,042	99,059	66,764	68,939	66,822	67,873	66,579	57,754	56,692
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	11,510	9,256	9,144	8,822	11,390	16,258	24,517	13,826	13,495	16,919
Net interest income (loss) after provision for credit losses
-15,605	224,000	210,518	211,780	201,211	209,333	207,322	202,656	193,411	193,061	189,817	184,766	165,700	153,343	144,541	147,773	102,800	108,199	146,750	145,183	152,004	151,095	154,073	158,087	157,599	158,677	163,961	160,922	164,437	151,813	169,155	169,434	166,273	166,858	167,786	89,915	57,942	57,549	50,564	43,356	52,753	44,259	39,773
Noninterest income:
Bank card fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,075	8,464	-	11,064	5,968	3,510	-	-	-	-	-	-
ATM fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,843	4,334	-	4,127	3,290	2,731	-	-	-	-	-	-
Insurance commissions and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,088	1,240	1,307	1,980	2,238	2,595	1,754	1,862	1,979	1,888	3,744	3,304	3,661	4,845	3,994	3,589	4,045	4,581	3,477	4,290	4,356	4,629	3,249	-	-	-	-	-	-
Amortization of loss share receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	1,240	1,539	1,526	1,613	1,713	1,564	1,273	1,197	2,113	2,760	3,321	3,908	-	590	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	289	351	768	346	-	4	-	-	-	-	-	-	-	-	-	-	623	917	0	12	-20	16	-36	-51	-	-	-	-	61	-
Other service charges, commissions and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,869	16,961	15,183	14,248	14,384
Accretion of indemnification asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,030	5,450	3,044	-	-	-	-	-	-
Other income
16,179	13,165	16,325	14,980	9,468	12,240	11,556	10,505	9,485	5,396	11,152	11,547	11,775	6,900	11,866	11,556	9,346	9,489	8,370	9,525	8,577	8,667	7,732	8,612	10,427	9,992	10,116	8,655	8,468	5,787	9,770	9,541	11,790	26,096	8,166	4,591	3,414	-5,695	7,007	6,005	4,708	4,304	8,878
Total noninterest income
84,387	82,924	83,230	79,250	70,503	74,538	75,518	68,832	66,252	69,688	67,115	67,487	63,491	65,893	63,008	63,694	58,186	59,653	60,211	60,874	56,546	56,961	57,941	56,398	56,699	59,002	63,057	63,897	60,187	64,930	63,759	63,552	61,506	60,571	64,953	46,680	34,132	35,067	35,208	35,293	31,381	30,408	34,504
Noninterest expense:
Compensation expense
91,071	96,510	93,858	87,747	83,968	86,594	84,389	79,885	80,100	82,610	82,242	82,145	73,099	74,259	70,290	70,233	73,001	71,907	71,187	70,550	65,017	71,981	69,207	68,528	67,165	75,510	73,037	71,327	71,351	69,838	76,173	72,188	75,584	80,337	77,355	46,971	29,408	-	-	-	-	-	-
Employee benefits
22,478	20,556	18,622	18,888	19,730	18,411	18,084	17,358	19,874	16,948	16,901	18,888	19,080	24,239	12,873	14,004	15,714	13,408	12,968	12,870	15,634	12,603	11,957	12,588	14,267	16,073	16,340	16,268	16,576	17,520	17,202	17,936	19,743	16,051	17,489	10,564	8,427	-	-	-	-	-	-
Personnel expense
113,549	117,066	112,480	106,635	103,698	105,005	102,473	97,243	99,974	99,558	99,143	101,033	92,179	98,498	83,163	84,237	88,715	85,315	84,155	83,420	80,651	84,584	81,164	81,116	81,432	91,583	89,377	87,595	87,927	87,358	93,375	90,124	95,327	96,388	94,844	57,535	37,835	36,006	35,890	35,379	34,767	29,113	28,703
Net occupancy expense
12,522	12,835	13,156	12,961	11,984	12,574	11,895	12,316	11,010	11,584	12,448	13,080	10,757	10,478	10,068	10,394	10,356	10,639	11,222	11,804	11,177	10,613	10,848	10,869	11,266	11,755	12,369	12,404	12,326	12,683	13,358	13,784	14,642	14,520	14,029	8,760	5,911	5,977	5,657	6,026	6,143	5,144	5,016
Equipment expense
4,617	4,687	4,685	4,342	4,679	4,039	4,520	4,262	3,546	3,384	3,779	3,964	3,714	3,460	3,349	3,080	3,774	3,871	3,598	4,090	3,935	3,995	4,619	4,065	4,274	4,679	5,127	4,919	5,301	5,051	5,212	6,744	7,090	5,647	5,362	3,661	2,854	2,707	2,496	2,642	2,724	2,397	2,583
Data processing expense
22,047	22,030	21,532	20,088	19,331	18,915	20,492	18,273	16,449	17,392	16,798	16,798	15,397	15,452	14,590	14,370	14,207	14,178	13,844	14,012	13,556	13,059	13,004	12,887	12,419	12,021	12,031	12,781	11,534	10,412	11,005	14,327	14,191	15,154	15,664	7,106	5,145	-	-	-	-	-	-
Professional services expense
9,741	9,470	17,704	9,665	8,168	9,388	9,555	13,381	9,255	8,544	10,062	10,353	11,276	7,644	6,584	7,712	7,621	8,220	7,656	8,952	15,370	10,404	7,229	9,179	6,409	11,786	10,899	8,726	7,946	8,250	9,447	14,658	25,102	21,870	19,915	22,886	5,260	-	3,698	4,497	-	-	-
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	7,178	7,306	7,431	7,555	7,731	8,110	7,922	8,304	7,219	7,097	1,621	614	650	656	684	738	354	354
Telecommunications and postage
-	-	-	-	-	-	-	-	-	-	3,876	3,738	3,467	-	3,284	3,272	3,361	3,520	3,485	3,471	3,651	3,582	3,648	3,863	3,583	3,948	4,397	5,059	4,028	4,369	5,313	5,597	6,158	6,275	5,837	3,642	2,760	-	-	-	-	-	-
Deposit insurance and regulatory fees
5,815	5,356	3,995	4,755	5,406	6,754	8,345	8,376	7,948	8,271	7,883	6,983	6,490	6,084	5,969	6,049	5,397	4,703	4,225	4,213	3,595	3,195	2,967	2,743	2,967	3,279	3,789	4,200	3,646	3,774	3,833	3,903	3,392	3,675	2,961	3,232	3,112	-	-	-	-	-	-
Other real estate and foreclosed assets (income) expense
10,130	-788	2,055	395	-991	-2,922	16	-289	210	-340	199	-2,515	-13	615	-5,214	350	768	1,361	422	501	456	1,001	-104	84	1,777	1,534	2,439	3,355	708	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,243	3,330	6,690	-	3,852	2,127	2,049	-	-	-	-	-	-
Other expense
19,569	21,430	33,058	19,679	18,287	20,141	18,253	25,518	16,781	24,866	17,358	24,279	15,570	19,203	22,379	16,473	16,709	18,532	16,559	22,306	14,806	16,869	19,134	25,308	15,817	26,454	34,471	15,780	18,631	18,303	17,818	19,583	24,567	35,980	24,458	10,796	7,479	-32,877	19,663	22,894	23,450	18,741	21,570
Total noninterest expense
203,335	197,856	213,554	183,567	175,700	179,366	181,187	184,402	170,791	168,063	177,616	183,470	163,542	156,283	149,058	150,942	156,032	156,030	151,193	158,917	153,515	153,747	149,079	156,858	146,982	174,217	182,205	162,250	159,602	157,918	169,714	179,972	205,463	205,610	194,019	121,366	73,019	71,256	68,060	72,122	67,822	55,749	58,226
Income (loss) before income taxes
-134,553	109,068	80,194	107,463	96,014	104,505	101,653	87,086	88,872	94,686	79,316	68,783	65,649	62,953	58,491	60,525	4,954	11,822	55,768	47,140	55,035	54,309	62,935	57,627	67,316	43,462	44,813	62,569	65,022	58,825	63,200	53,014	22,316	21,819	38,720	15,229	19,055	21,360	17,712	6,527	16,312	18,918	16,051
Income taxes expense (benefit)
-23,520	16,936	12,387	19,186	16,850	8,265	17,775	15,909	16,397	39,237	20,414	16,516	16,635	11,122	11,772	13,618	1,115	-3,485	14,602	12,311	14,876	14,217	16,382	17,665	18,201	8,746	11,611	15,707	16,446	11,866	16,216	13,710	3,821	2,854	8,342	3,141	3,727	4,341	2,859	27	2,478	3,700	2,305
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	18,965	30,378	12,088	15,328	17,019	14,853	6,500	13,834	15,218	13,746
Earnings (loss) per common share-basic
-1.28	1.03	0.77	1.01	0.91	1.11	0.96	0.82	0.83	0.64	0.68	0.60	0.57	0.64	0.59	0.59	0.05	0.19	0.52	0.44	0.49	0.48	0.56	0.48	0.58	0.42	0.40	0.55	0.56	0.54	0.55	0.46	0.22	0.17	0.36	0.22	0.41	0.47	0.40	0.17	0.37	0.48	0.43
Earnings (loss) per common share-diluted
-1.28	1.03	0.77	1.01	0.91	1.11	0.96	0.82	0.83	0.63	0.68	0.60	0.57	0.64	0.59	0.59	0.05	0.19	0.52	0.44	0.49	0.48	0.56	0.48	0.58	0.42	0.40	0.55	0.56	0.53	0.55	0.46	0.21	0.16	0.36	0.22	0.41	0.46	0.40	0.17	0.37	0.47	0.43
Dividends paid per share
0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	-	0.24	0.24	0.24	-	0.24	0.24	0.24	-	0.24	0.24	0.24	-	0.24	0.24	0.24	0.24	0.24
Weighted average shares outstanding-basic
87,186	88,159	86,377	85,728	85,688	85,526	85,348	85,305	85,241	85,052	84,749	84,614	84,365	78,826	77,550	77,523	77,501	77,413	77,928	77,951	79,496	81,285	81,721	81,933	82,277	-	82,091	83,279	84,871	-	84,777	84,751	84,741	-	84,699	54,890	37,333	-	36,880	36,876	36,868	31,857	31,820
Weighted average shares outstanding-diluted
87,186	88,299	86,462	85,835	85,800	85,639	85,539	85,483	85,423	85,381	84,980	84,867	84,624	78,767	77,677	77,680	77,672	77,377	78,075	78,115	79,661	81,486	81,942	82,174	82,534	-	82,205	83,357	84,972	-	85,632	85,500	85,442	-	84,985	55,035	37,521	-	36,995	37,078	37,105	32,058	32,009
Service charges on deposit accounts
Service charges on deposit accounts
22,837	23,382	21,892	20,723	20,367	21,466	21,377	20,981	21,448	22,455	21,444	20,061	19,206	18,694	18,716	18,394	18,383	18,971	18,619	17,908	17,315	19,025	20,000	19,269	18,712	19,602	20,519	19,864	19,015	20,231	20,834	20,907	16,274	16,518	16,860	12,343	9,544	10,186	11,332	12,327	11,490	11,795	11,242
Trust fees
Service charges on deposit accounts
14,806	15,483	15,098	15,904	15,124	15,762	16,738	11,653	11,335	11,079	10,742	11,506	11,211	11,764	11,512	12,089	11,224	11,287	11,345	11,795	11,200	11,559	11,530	11,499	10,238	10,214	9,477	9,803	8,692	8,272	7,743	7,983	8,738	7,433	7,215	5,301	3,991	-	-	-	-	-	-
Bank card and ATM fees
Service charges on deposit accounts
17,362	17,913	17,154	16,619	15,290	15,656	14,862	15,464	14,458	14,234	13,390	13,687	12,468	12,317	11,808	11,954	11,348	11,792	11,637	11,868	11,183	11,225	11,641	11,596	10,569	11,261	12,221	11,399	11,058	-	11,870	-	-	-	-	-	-	-	-	-	-	-	-
Investment and annuity fees and insurance commissions
Service charges on deposit accounts
7,150	6,407	7,048	6,591	6,528	6,307	6,652	6,264	6,125	5,802	6,230	6,445	5,264	8,713	4,289	5,043	4,933	4,632	6,149	4,838	5,050	4,736	5,506	5,097	4,952	4,619	5,186	5,192	4,577	4,742	4,269	4,607	4,415	3,974	4,642	3,267	3,133	-	-	-	-	-	-
Secondary mortgage market operations
Service charges on deposit accounts
6,053	5,981	5,713	4,433	3,726	3,933	4,333	3,965	3,401	3,244	4,157	4,241	3,567	4,277	4,917	4,176	2,912	2,884	3,413	3,618	2,664	2,000	2,313	1,758	1,965	1,554	2,467	4,139	4,383	5,160	4,311	3,015	4,002	3,563	3,477	1,877	1,567	-	-	-	-	-	-