Segment Reporting

12 Months Ended

Dec. 31, 2012

Segment Reporting

Note 19. Segment Reporting

The Company’s reportable operating segments consist of the Hancock segment, which coincides generally with the Company’s Hancock Bank subsidiary, and the Whitney segment, which coincides generally with its Whitney Bank subsidiary. Each of the bank segments offer commercial, consumer and mortgage loans and deposit services as well as certain other services, such as trust and treasury management services. Although the bank segments offer the same products and services, they are managed separately due to different pricing, product demand, and consumer markets. On June 4, 2011, the Company completed its acquisition of Whitney Holding Corporation, the parent of Whitney National Bank. Whitney National Bank was merged into Hancock Bank of Louisiana and the combined entity was renamed Whitney Bank. Prior to the merger the segment now called Whitney Bank was comprised generally of Hancock Bank Louisiana. On March 15, 2012, Whitney Bank transferred the assets and liabilities of its operations in Florida, Alabama, and Mississippi to Hancock Bank and retained its operations in Louisiana and Texas. In the following tables, the “Other” column includes activities of other consolidated subsidiaries and the holding company which do not constitute reportable segments under the quantitative and aggregation accounting guidelines. These subsidiaries provide investment services, insurance agency services, insurance underwriting and various other services to third parties.

Following is selected information for the Company’s segments (in thousands):

	Year Ended December 31, 2012
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	269,915		$	473,664		$	23,996		$	(5,026	)	$	762,549
Interest expense		(22,553	)		(25,178	)		(8,516	)		4,565			(51,682	)
Net interest income		247,362			448,486			15,480			(461	)		710,867
Provision for loan losses		(21,304	)		(32,834	)		(54	)		—			(54,192	)
Noninterest income		78,785			133,228			40,219			(37	)		252,195
Depreciation and amortization		(14,309	)		(17,515	)		(1,032	)		—			(32,856	)
Other noninterest expense		(230,208	)		(403,935	)		(46,105	)		37			(680,211	)
Securities transactions		579			966			7			—			1,552
Income before income taxes		60,905			128,396			8,515			(461	)		197,355
Income tax expense		11,878			30,998			2,737			—			45,613
Net income	$	49,027		$	97,398		$	5,778		$	(461	)	$	151,742
Goodwill	$	94,130		$	530,265		$	4,482		$	—		$	628,877
Total assets	$	6,308,690		$	13,127,109		$	2,865,346		$	(2,836,660	)	$	19,464,485
Total interest income from affiliates	$	4,042		$	984		$	—		$	(5,026	)	$	—
Total interest income from external customers	$	265,873		$	472,680		$	23,996		$	—		$	762,549

	Year Ended December 31, 2011
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	195,230		$	380,072		$	21,794		$	(4,892	)	$	592,204
Interest expense		(39,056	)		(29,538	)		(6,807	)		4,430			(70,971	)
Net interest income		156,174			350,534			14,987			(462	)		521,233
Provision for loan losses		(17,216	)		(17,550	)		(3,966	)		—			(38,732	)
Noninterest income		76,846			96,349			32,761			471			206,427
Depreciation and amortization		(10,649	)		(13,123	)		(834	)		—			(24,606	)
Other noninterest expense		(163,088	)		(372,034	)		(34,894	)		608			(569,408	)
Securities transactions		(51	)		—			(40	)		—			(91	)
Income before income taxes		42,016			44,176			8,014			617			94,823
Income tax expense		6,513			7,584			3,967			—			18,064
Net income	$	35,503		$	36,592		$	4,047		$	617		$	76,759
Goodwill	$	23,386		$	623,294		$	4,482		$	—		$	651,162
Total assets	$	4,934,003		$	14,792,788		$	2,462,281		$	(2,414,976	)	$	19,774,096
Total interest income from affiliates	$	4,364		$	528		$	—		$	(4,892	)	$	—
Total interest income from external customers	$	190,866		$	379,544		$	21,794		$	—		$	592,204

	Year Ended December 31, 2010
	Hancock			Whitney			Other			Eliminations			Consolidated
Interest income	$	203,222		$	132,205		$	22,122		$	(4,991	)	$	352,558
Interest expense		(61,384	)		(21,198	)		(4,294	)		4,531			(82,345	)
Net interest income		141,838			111,007			17,828			(460	)		270,213
Provision for loan losses		(37,845	)		(22,554	)		(5,592	)		—			(65,991	)
Noninterest income		67,940			43,331			25,745			(67	)		136,949
Depreciation and amortization		(9,755	)		(3,003	)		(767	)		—			(13,525	)
Other noninterest expense		(152,956	)		(81,665	)		(31,244	)		130			(265,735	)
Income before income taxes		9,222			47,116			5,970			(397	)		61,911
Income tax expense (benefit)		(5,101	)		12,373			2,433			—			9,705
Net income	$	14,323		$	34,743		$	3,537		$	(397	)	$	52,206
Goodwill	$	23,386		$	33,763		$	4,482		$	—		$	61,631
Total assets	$	5,247,383		$	2,906,365		$	1,093,565		$	(1,108,986	)	$	8,138,327
Total interest income from affiliates	$	4,991		$	—		$	—		$	(4,991	)	$	—
Total interest income from external customers	$	198,231		$	132,205		$	22,122		$	—		$	352,558

Consolidated other intangible assets totaled $189.4 million and $211.1 million, respectively, at December 31, 2012 and 2011. The balance at the end of 2012 consisted of core deposit intangibles of $154.7 million and other identifiable intangible assets of $34.7 million. The total was allocated $168.9 million to the Whitney segment, $20.3 million to the Hancock segment, and $0.2 million to the Other segment. Total other intangible assets at the end of 2011 consisted of core deposit intangibles of $178.4 million and other identifiable intangibles assets of $32.7 million. The 2011 total was allocated $201.4 million to Whitney, $9.4 million to Hancock, and $0.3 million to the Other segment.