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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

The Company’s reportable operating segments consist of the Hancock segment and the Whitney segment. Each segment offers commercial, consumer and mortgage loans and deposit services as well as certain other services, such as trust and treasury management services. Although the segments offer the same products and services, they are managed separately due to different pricing, product demand, and consumer markets. In addition, the “Other” column in the following tables includes activities of other consolidated subsidiaries which do not constitute reportable segments under the quantitative and aggregation accounting guidelines. These subsidiaries provide investment services, insurance agency services, consumer finance and various other services to third parties.

 

     Three Months Ended March 31, 2014        
     Hancock     Whitney     Other     Eliminations     Consolidated  

Interest income

   $ 66,657      $ 104,229      $ 5,372      $ (1,118   $ 175,140   

Interest expense

     (5,041     (4,091     (1,451     1,005      $ (9,578
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income

     61,616        100,138        3,921        (113     165,562   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Provision for loan losses

     (5,962     (922     (1,079     —          (7,963

Noninterest income

     14,404        32,736        9,559        —          56,699   

Depreciation and amortization

     (4,044     (3,536     (319     —          (7,899

Other noninterest expense

     (47,857     (79,368     (11,858     —          (139,083
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

     18,157        49,048        224        (113     67,316   

Income tax expense

     4,903        13,243        55        —          18,201   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 13,254      $ 35,805      $ 169      $ (113   $ 49,115   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Goodwill

   $ 94,130      $ 527,063      $ 4,482      $ —        $ 625,675   

Total assets

   $ 6,609,445      $ 12,684,451      $ 2,927,480      $ (3,217,206   $ 19,004,170   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total interest income from affiliates

   $ 807      $ 308      $ —        $ (1,115   $ —     

Total interest income from external customers

   $ 65,850      $ 103,921      $ 5,372      $ (3   $ 175,140   

 

     Three Months Ended March 31, 2013        
     Hancock     Whitney     Other     Eliminations     Consolidated  

Interest income

   $ 62,813      $ 117,799      $ 5,867      $ (1,207   $ 185,272   

Interest expense

     (4,943     (5,157     (2,249     1,092      $ (11,257
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net interest income

     57,870        112,642        3,618        (115     174,015   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Provision for loan losses

     (5,422     (2,980     (1,176     —          (9,578

Noninterest income

     18,411        30,794        10,995        (13     60,187   

Depreciation and amortization

     (3,698     (3,981     (282     —          (7,961

Other noninterest expense

     (52,975     (86,863     (11,816     13        (151,641
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Securitites transactions

     —          —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

     14,186        49,612        1,339        (115     65,022   

Income tax expense

     2,690        12,943        813        —          16,446   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 11,496      $ 36,669      $ 526      $ (115   $ 48,576   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Goodwill

   $ 94,130      $ 527,063      $ 4,482      $ —        $ 625,675   

Total assets

   $ 6,380,941      $ 12,696,705      $ 2,884,581      $ (2,898,104   $ 19,064,123   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total interest income from affiliates

   $ 992      $ 215      $ —        $ (1,207   $ —     

Total interest income from external customers

   $ 61,821      $ 117,584      $ 5,867      $ —        $ 185,272