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Condensed Parent Company Information (Tables)
12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets

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

Condensed Balance Sheets

 

 

 

December 31,

 

($ in thousands)

 

2024

 

 

2023

 

Assets:

 

 

 

 

 

 

 

 

Cash

 

$

 

272,693

 

 

$

 

218,714

 

Investment in bank subsidiaries

 

 

 

3,994,927

 

 

 

 

3,712,718

 

Investment in non-bank subsidiaries

 

 

 

27,460

 

 

 

 

29,446

 

Due from subsidiaries and other assets

 

 

 

3,301

 

 

 

 

11,628

 

Total assets

 

$

 

4,298,381

 

 

$

 

3,972,506

 

Liabilities and Stockholders' Equity:

 

 

 

 

 

 

 

 

Long term debt

 

$

 

167,120

 

 

$

 

166,968

 

Other liabilities

 

 

 

3,625

 

 

 

 

1,877

 

Stockholders' equity

 

 

 

4,127,636

 

 

 

 

3,803,661

 

Total liabilities and stockholders' equity

 

$

 

4,298,381

 

 

$

 

3,972,506

 

Condensed Statements of Income

 

 

Years Ended December 31,

 

($ in thousands)

 

2024

 

 

2023

 

 

2022

 

Operating income

 

 

 

 

 

 

 

 

 

 

 

 

From subsidiaries:

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends received from bank subsidiaries

 

$

 

205,000

 

 

$

 

185,000

 

 

$

 

180,000

 

Cash dividend from nonbank subsidiary

 

 

 

6,000

 

 

 

 

 

 

 

 

2,500

 

Equity in earnings of subsidiaries greater than dividends received

 

 

 

265,188

 

 

 

 

222,731

 

 

 

 

355,853

 

Total operating income

 

 

 

476,188

 

 

 

 

407,731

 

 

 

 

538,353

 

Other expense, net

 

 

 

19,828

 

 

 

 

19,587

 

 

 

 

17,708

 

Income tax benefit

 

 

 

(4,455

)

 

 

 

(4,458

)

 

 

 

(3,444

)

Net income

 

$

 

460,815

 

 

$

 

392,602

 

 

$

 

524,089

 

Other comprehensive income (loss), net of tax

 

 

 

15,035

 

 

 

 

151,055

 

 

 

 

(718,247

)

Comprehensive income (loss)

 

$

 

475,850

 

 

$

 

543,657

 

 

$

 

(194,158

)

Condensed Statements of Cash Flows

 

 

Years Ended December 31,

 

($ in thousands)

 

2024

 

 

2023

 

 

2022

 

Cash flows from operating activities - principally
   dividends received from subsidiaries

 

$

 

227,125

 

 

$

 

198,093

 

 

$

 

192,816

 

Net cash provided by operating activities

 

 

 

227,125

 

 

 

 

198,093

 

 

 

 

192,816

 

Cash flows from investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from sale of premises and equipment

 

 

 

320

 

 

 

 

 

 

 

 

855

 

Net cash provided by investing activities

 

 

 

320

 

 

 

 

 

 

 

 

855

 

Cash flows from financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

Dividends paid to stockholders

 

 

 

(130,840

)

 

 

 

(104,697

)

 

 

 

(94,458

)

Repurchase of common stock

 

 

 

(37,690

)

 

 

 

 

 

 

 

(58,892

)

Proceeds from dividend reinvestment and other incentive plans

 

 

 

4,422

 

 

 

 

3,815

 

 

 

 

3,972

 

Payroll tax remitted on net share settlement of equity awards

 

 

 

(9,358

)

 

 

 

(5,681

)

 

 

 

(7,386

)

Net cash used in financing activities

 

 

 

(173,466

)

 

 

 

(106,563

)

 

 

 

(156,764

)

Net increase in cash

 

 

 

53,979

 

 

 

 

91,530

 

 

 

 

36,907

 

Cash, beginning of year

 

 

 

218,714

 

 

 

 

127,184

 

 

 

 

90,277

 

Cash, end of year

 

$

 

272,693

 

 

$

 

218,714

 

 

$

 

127,184