Hancock Whitney Corporation (HWC) Income Statement Analysis

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Complete financial analysis of Hancock Whitney Corporation (HWC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Hancock Whitney Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.

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Hancock Whitney Corporation (HWC)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.hancockwhitney.com

About Hancock Whitney Corporation

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It accepts various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts. The company also offers loans products comprising commercial and industrial loans; commercial real estate loans; construction and land development loans; residential mortgages; consumer loans comprising second lien mortgage home loans, home equity lines of credit, and nonresidential consumer purpose loans; revolving credit facilities; and letters of credit and financial guarantees. In addition, it offers investment brokerage and treasury management services, and annuity and life insurance products; and trust and investment management services to retirement plans, corporations, and individuals. Further, the company facilitates investments in new market tax credit activities; and holds various foreclosed assets. The company operates 177 banking locations and 239 automated teller machines primarily in the Gulf south corridor, including southern and central Mississippi; southern and central Alabama; southern, central, and northwest Louisiana; the northern, central, and panhandle regions of Florida; and certain areas of east Texas, including Houston, Beaumont, Dallas, and San Antonio. It also operates a loan production office in Tennessee; and a trust and asset management office in Texas. The company was formerly known as Hancock Holding Company and changed its name to Hancock Whitney Corporation in May 2018. Hancock Whitney Corporation was founded in 1899 and is headquartered in Gulfport, Mississippi.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989
Revenue	1.32B	1.38B	1.30B	1.27B	1.21B	1.13B	1.06B	915.82M	868.21M	894.80M	926.87M	964.61M	739.49M	418.99M	385.75M	337.21M	323.76M	328.30M	287.08M	259.79M	234.94M	230.32M	187.85M	175.15M	169.33M	144.20M	142.10M	133.20M	124.40M	101.50M	97.70M	93.80M	76.00M	52.50M	41.70M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	24.65M	0.00	0.00	0.00	0.00	-2.24M	5.00M	11.93M	11.83M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	1.32B	1.38B	1.30B	1.27B	1.21B	1.11B	1.06B	915.82M	868.21M	894.80M	929.11M	959.61M	727.57M	407.16M	385.75M	337.21M	323.76M	328.30M	287.08M	259.79M	234.94M	230.32M	187.85M	175.15M	169.33M	144.20M	142.10M	133.20M	124.40M	101.50M	97.70M	93.80M	76.00M	52.50M	41.70M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	97.83%	100.00%	100.00%	100.00%	100.00%	100.24%	99.48%	98.39%	97.18%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	497.31M	460.64M	482.38M	464.06M	439.88M	399.28M	373.00M	339.69M	332.12M	320.50M	347.27M	356.73M	272.64M	142.04M	121.45M	109.77M	106.96M	103.75M	94.16M	86.40M	81.41M	77.30M	67.62M	59.19M	61.60M	50.80M	46.50M	42.40M	41.30M	34.90M	30.60M	28.50M	25.80M	20.60M	16.30M
Selling & Marketing	29.59M	13.78M	12.44M	13.01M	15.25M	12.33M	15.03M	10.94M	11.23M	8.94M	10.40M	13.52M	17.69M	0.00	0.00	0.00	7.03M	6.64M	5.23M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	510.77M	460.64M	482.38M	464.06M	439.88M	399.28M	373.00M	339.69M	332.12M	320.50M	347.27M	356.73M	272.64M	142.04M	121.45M	109.77M	113.99M	110.40M	99.39M	86.40M	81.41M	77.30M	67.62M	59.19M	61.60M	50.80M	46.50M	42.40M	41.30M	34.90M	30.60M	28.50M	25.80M	20.60M	16.30M
Other Expenses	0.00	-1.06B	-1.21B	-1.86B	-1.26B	-1.08B	-990.68M	-967.17M	-947.33M	-904.68M	-986.81M	-1.03B	0.00	-391.27M	-314.21M	-234.00M	-195.70M	-170.49M	-238.75M	-200.62M	-178.81M	-162.00M	-96.99M	-86.36M	-100.66M	-67.80M	-68.90M	-64.00M	-64.40M	-56.30M	-51.20M	-44.10M	-16.60M	-900.00K	-1.90M
Operating Expenses	716.83M	-603.65M	-729.51M	-1.39B	-818.39M	-547.78M	-617.68M	-627.48M	-615.21M	-584.18M	-639.54M	-677.72M	17.69M	-249.23M	-192.76M	-124.23M	-81.71M	-60.09M	-139.36M	-114.22M	-97.40M	-84.70M	-29.37M	-27.18M	-39.07M	-17.00M	-22.40M	-21.60M	-23.10M	-21.40M	-20.60M	-15.60M	9.20M	19.70M	14.40M
Cost & Expenses	716.83M	-603.65M	-729.51M	-1.39B	-818.39M	-547.78M	-617.68M	-627.48M	-615.21M	-584.18M	-2.24M	5.00M	29.61M	11.83M	-192.76M	-124.23M	-81.71M	-60.09M	-139.36M	-114.22M	-97.40M	-84.70M	-29.37M	-27.18M	-39.07M	-17.00M	-22.40M	-21.60M	-23.10M	-21.40M	-20.60M	-15.60M	9.20M	19.70M	14.40M
Interest Income	1.62B	1.14B	982.26M	1.06B	1.13B	1.03B	900.58M	732.17M	679.65M	692.81M	722.21M	762.55M	604.13M	364.39M	323.73M	335.44M	345.87M	344.33M	263.63M	226.77M	218.15M	230.78M	234.87M	216.95M	207.67M	193.70M	183.90M	171.50M	161.60M	130.40M	123.20M	126.60M	124.80M	102.10M	80.70M
Interest Expense	522.90M	87.06M	49.02M	115.46M	230.57M	179.43M	108.27M	73.05M	54.47M	38.12M	41.48M	51.68M	70.97M	82.35M	95.30M	126.00M	140.24M	119.86M	74.82M	57.27M	57.96M	72.05M	101.36M	94.25M	83.96M	81.80M	71.70M	64.80M	61.20M	48.40M	45.30M	52.30M	68.80M	62.70M	49.80M
Depreciation & Amortization	46.28M	45.62M	45.78M	50.04M	51.75M	48.58M	50.56M	48.14M	24.18M	26.80M	29.47M	32.07M	16.55M	2.73M	16.97M	17.40M	16.04M	1.82M	11.64M	16.65M	22.40M	9.54M	12.79M	12.03M	7.69M	7.60M	7.00M	7.00M	6.80M	6.00M	3.80M	3.90M	3.70M	3.40M	2.90M
EBITDA	536.40M	704.81M	613.83M	-74.70M	444.49M	430.70M	358.99M	235.07M	222.71M	299.29M	277.56M	262.28M	135.98M	0.00	115.01M	0.00	0.00	150.25M	87.10M	107.51M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	40.60%	57.32%	45.06%	-8.27%	34.15%	53.80%	43.98%	33.64%	31.93%	37.71%	34.42%	32.55%	27.99%	38.35%	54.43%	68.32%	79.72%	82.25%	55.51%	62.44%	68.08%	67.37%	91.17%	91.35%	81.47%	93.48%	89.16%	89.04%	86.90%	84.83%	82.80%	87.53%	116.97%	144.00%	141.49%
Operating Income	604.35M	777.84M	568.06M	-124.75M	392.74M	561.55M	444.85M	288.34M	253.00M	310.62M	289.57M	281.89M	190.40M	157.93M	192.99M	212.99M	242.05M	268.21M	147.72M	145.57M	137.54M	145.62M	158.48M	147.97M	130.26M	127.20M	119.70M	111.60M	101.30M	80.10M	77.10M	78.20M	85.20M	72.20M	56.10M
Operating Income Ratio	45.74%	56.30%	43.78%	-9.85%	32.43%	49.52%	41.87%	31.48%	29.14%	34.71%	31.24%	29.22%	25.75%	37.69%	50.03%	63.16%	74.76%	81.70%	51.46%	56.03%	58.54%	63.23%	84.36%	84.48%	76.93%	88.21%	84.24%	83.78%	81.43%	78.92%	78.92%	83.37%	112.11%	137.52%	134.53%
Total Other Income/Expenses	-114.23M	-49.49M	-80.21M	-86.56M	-118.23M	-113.68M	-111.57M	-103.63M	-109.65M	-116.63M	-144.87M	-110.34M	-95.58M	316.00K	-95.30M	0.00	-156.27M	5.08M	6.58M	5.26M	-57.96M	-72.05M	-101.36M	-94.25M	-83.96M	-83.00M	-71.70M	-64.80M	-61.20M	-48.40M	-45.30M	-52.30M	-68.80M	-62.70M	-49.80M
Income Before Tax	490.13M	659.20M	568.06M	-124.75M	392.74M	382.12M	308.43M	186.92M	169.77M	242.19M	215.87M	197.36M	94.82M	61.91M	97.69M	86.99M	101.81M	148.35M	72.90M	88.30M	79.58M	73.57M	57.12M	53.72M	46.30M	44.20M	48.00M	46.80M	40.10M	31.70M	31.80M	25.90M	16.40M	9.50M	6.30M
Income Before Tax Ratio	37.10%	47.72%	43.78%	-9.85%	32.43%	33.70%	29.03%	20.41%	19.55%	27.07%	23.29%	20.46%	12.82%	14.78%	25.33%	25.80%	31.45%	45.19%	25.39%	33.99%	33.87%	31.94%	30.41%	30.67%	27.34%	30.65%	33.78%	35.14%	32.23%	31.23%	32.55%	27.61%	21.58%	18.10%	15.11%
Income Tax Expense	97.53M	135.11M	104.84M	-79.57M	65.36M	58.35M	92.80M	37.63M	38.30M	66.47M	52.51M	45.61M	18.06M	9.71M	22.92M	21.62M	27.92M	46.54M	18.87M	26.59M	24.63M	22.53M	17.86M	16.90M	14.59M	14.40M	17.40M	15.20M	13.10M	9.90M	9.70M	6.70M	4.00M	1.50M	-300.00K
Net Income	392.60M	524.09M	463.22M	-45.17M	327.38M	323.77M	215.63M	149.30M	131.46M	175.72M	163.36M	151.74M	76.76M	52.21M	74.78M	65.37M	73.89M	101.80M	54.03M	61.70M	54.96M	51.04M	39.26M	36.82M	31.71M	31.00M	30.60M	31.60M	27.00M	21.80M	22.10M	19.20M	12.40M	8.00M	6.60M
Net Income Ratio	29.72%	37.94%	35.70%	-3.57%	27.03%	28.55%	20.29%	16.30%	15.14%	19.64%	17.62%	15.73%	10.38%	12.46%	19.38%	19.38%	22.82%	31.01%	18.82%	23.75%	23.39%	22.16%	20.90%	21.02%	18.73%	21.50%	21.53%	23.72%	21.70%	21.48%	22.62%	20.47%	16.32%	15.24%	15.83%
EPS	4.51	6.00	5.23	-0.52	3.72	3.79	2.49	1.87	1.64	2.10	1.93	1.77	1.16	1.41	2.28	2.07	2.31	3.13	1.67	1.91	1.71	1.54	1.18	1.13	0.97	0.97	0.94	1.03	0.88	0.83	0.89	0.79	0.64	0.42	0.35
EPS Diluted	4.50	5.98	5.22	-0.52	3.72	3.79	2.48	1.87	1.64	2.10	1.93	1.75	1.15	1.40	2.26	2.04	2.27	3.06	1.64	1.87	1.65	1.50	1.18	1.13	0.97	0.96	0.94	1.03	0.88	0.83	0.89	0.79	0.64	0.42	0.35
Weighted Avg Shares Out	86.13M	86.07M	86.82M	86.53M	86.49M	85.36M	84.70M	77.85M	78.39M	81.95M	83.07M	84.77M	65.59M	36.88M	32.75M	31.49M	31.99M	32.52M	32.35M	32.31M	30.68M	31.52M	32.14M	32.59M	32.69M	32.07M	32.54M	30.76M	30.54M	26.11M	24.82M	24.19M	19.37M	18.89M	18.67M
Weighted Avg Shares Out (Dil)	86.42M	86.39M	87.03M	86.53M	86.60M	85.52M	84.96M	77.95M	80.16M	83.68M	83.17M	85.59M	66.07M	37.05M	32.93M	31.88M	32.55M	33.27M	32.95M	33.00M	31.79M	32.26M	32.14M	32.59M	32.69M	32.18M	32.54M	30.76M	30.59M	26.11M	24.82M	24.19M	19.37M	18.89M	18.67M