Condensed Parent Company Information

12 Months Ended

Dec. 31, 2022

Note 21. Condensed Parent Company Information

The following condensed financial statements reflect the accounts and transactions of Hancock Whitney Corporation only:

Condensed Balance Sheets


	December 31,
($ in thousands)	2022		2021
Assets:
Cash	$	127,184	$	90,277
Investment in bank subsidiaries		3,342,743		3,706,046
Investment in non-bank subsidiaries		25,634		24,726
Due from subsidiaries and other assets		14,939		17,323
Total assets	$	3,510,500	$	3,838,372
Liabilities and Stockholders' Equity:
Long term debt	$	166,816	$	166,664
Other liabilities		1,056		1,356
Stockholders' equity		3,342,628		3,670,352
Total liabilities and stockholders' equity	$	3,510,500	$	3,838,372

Condensed Statements of Income


	Years Ended December 31,
($ in thousands)	2022			2021			2020
Operating income
From subsidiaries:
Cash dividends received from bank subsidiaries	$	180,000		$	150,000		$		70,000
Cash dividend from nonbank subsidiary		2,500			5,000			—
Equity in earnings (loss) of subsidiaries greater than dividends received		355,853			327,950				(101,406	)
Total operating income		538,353			482,950				(31,406	)
Other expense, net		17,708			25,814				22,307
Income tax benefit		(3,444	)		(6,079	)			(8,539	)
Net income (loss)	$	524,089		$	463,215		$		(45,174	)
Other comprehensive income (loss), net of tax		(718,247	)		(134,004	)			134,793
Comprehensive income (loss)	$	(194,158	)	$	329,211		$		89,619

Condensed Statements of Cash Flows


	Years Ended December 31,
($ in thousands)	2022			2021				2020
Cash flows from operating activities - principally dividends received from subsidiaries	$	192,816		$		160,887		$		71,067
Net cash provided by operating activities		192,816				160,887				71,067
Cash flows from investing activities:
Proceeds from sale of premises and equipment		855			—				—
Net cash provided by investing activities		855				—				—
Cash flows from financing activities:
Proceeds from issuance of long term debt		—				—				166,425
Repayment of long term debt		—				(150,000	)		—
Dividends paid to stockholders		(94,458	)			(95,927	)			(95,605	)
Repurchase of common stock		(58,892	)			(21,796	)			(12,716	)
Proceeds from dividend reinvestment and other incentive plans		3,972				4,482				5,301
Payroll tax remitted on net share settlement of equity awards		(7,386	)			(7,364	)			(4,530	)
Cash received under accelerated share repurchase agreement		—				—				12,110
Net cash provided by (used in) financing activities		(156,764	)			(270,605	)			70,985
Net increase (decrease) in cash		36,907				(109,718	)			142,052
Cash, beginning of year		90,277				199,995				57,943
Cash, end of year	$	127,184		$		90,277		$		199,995