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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Stockholders Equity Note [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)

 

(in thousands)

 

Available

for Sale

Securities

 

 

HTM

Securities

Transferred

from AFS

 

 

Employee

Benefit

Plans

 

 

Cash Flow

Hedges

 

 

Equity Method Investment

 

 

Total

 

Balance, December 31, 2016

 

$

 

(28,679

)

 

$

 

(14,392

)

 

$

 

(72,501

)

 

$

 

(4,960

)

 

$

 

 

 

$

 

(120,532

)

Net change in unrealized gain (loss)

 

 

 

6,903

 

 

 

 

 

 

 

 

 

 

 

 

(7,328

)

 

 

 

 

 

 

(425

)

Reclassification of net loss realized  and included in earnings

 

 

 

 

 

 

 

 

 

 

 

5,201

 

 

 

 

600

 

 

 

 

 

 

 

5,801

 

Valuation adjustment for employee benefit plan amendment

 

 

 

 

 

 

 

 

 

 

 

17,315

 

 

 

 

 

 

 

 

 

 

 

17,315

 

Other valuation adjustment for employee benefit plans

 

 

 

 

 

 

 

 

 

 

 

(10,929

)

 

 

 

 

 

 

 

 

 

 

(10,929

)

Amortization of unrealized net loss on securities transferred to held to maturity

 

 

 

 

 

 

 

3,786

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,786

 

Income tax expense (benefit)

 

 

 

1,067

 

 

 

 

1,393

 

 

 

 

4,228

 

 

 

 

(2,600

)

 

 

 

 

 

 

4,088

 

Reclassification of certain tax effects (a)

 

 

 

6,669

 

 

 

 

2,586

 

 

 

 

13,936

 

 

 

 

2,139

 

 

 

 

 

 

 

25,330

 

Balance, December 31, 2017

 

$

 

(29,512

)

 

$

 

(14,585

)

 

$

 

(79,078

)

 

$

 

(11,227

)

 

$

 

 

$

 

(134,402

)

Net change in unrealized (loss) gain

 

 

 

(52,060

)

 

 

 

 

 

 

 

 

 

 

 

(697

)

 

 

 

 

 

 

(52,757

)

Reclassification of net loss realized and included in earnings

 

 

 

25,480

 

 

 

 

 

 

 

 

4,989

 

 

 

 

4,497

 

 

 

 

 

 

 

34,966

 

Valuation adjustment for employee benefit plans

 

 

 

 

 

 

 

 

 

 

 

(45,198

)

 

 

 

 

 

 

 

 

 

 

(45,198

)

Amortization of unrealized net loss on securities transferred to held to maturity

 

 

 

 

 

 

 

3,296

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,296

 

Income tax expense (benefit)

 

 

 

(5,967

)

 

 

 

755

 

 

 

 

(9,040

)

 

 

 

866

 

 

 

 

 

 

 

(13,386

)

Balance, December 31, 2018

 

$

 

(50,125

)

 

$

 

(12,044

)

 

$

 

(110,247

)

 

$

 

(8,293

)

 

$

 

 

$

 

(180,709

)

Net change in unrealized gain or loss

 

 

 

115,413

 

 

 

 

 

 

 

 

 

 

 

 

28,943

 

 

 

(434

)

 

 

 

143,922

 

Reclassification of net (gain) loss realized and included in earnings

 

 

 

 

 

 

 

 

 

 

 

9,174

 

 

 

 

4,255

 

 

 

 

 

 

 

13,429

 

Valuation adjustment for employee benefit plans

 

 

 

 

 

 

 

 

 

 

 

2,398

 

 

 

 

 

 

 

 

 

 

 

2,398

 

Unrealized loss on securities transferred to available for sale

 

 

 

(13,236

)

 

 

 

13,236

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of unrealized net loss on securities transferred to held to maturity

 

 

 

 

 

 

 

3,153

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,153

 

Income tax expense

 

 

 

23,102

 

 

 

 

3,706

 

 

 

 

2,603

 

 

 

 

7,506

 

 

 

 

 

 

 

36,917

 

Balance, December 31, 2019

 

$

 

28,950

 

 

$

 

639

 

 

$

 

(101,278

)

 

$

 

17,399

 

 

$

(434

)

 

$

 

(54,724

)

 

 

(a)

Represents the reclassification of stranded income tax effects to Retained Earnings upon adoption of ASU 2018-02.   

Line Items in Consolidated Income Statements Affected by Amounts Reclassified from Accumulated Other Comprehensive Income

 

Amount reclassified from AOCI (a)

 

Year Ended December 31,

 

 

Increase (decrease) in affected line

(in thousands)

 

2019

 

 

2018

 

 

item in the income statement

Amortization of unrealized net loss on

   securities transferred to HTM

 

$

 

(3,153

)

 

$

 

(3,296

)

 

Interest income

Tax effect

 

 

 

713

 

 

 

 

755

 

 

Income taxes

Net of tax

 

 

 

(2,440

)

 

 

 

(2,541

)

 

Net income

Gain (loss) on sale of AFS securities

 

 

 

 

 

 

 

(25,480

)

 

Securities transactions

Tax effect

 

 

 

 

 

 

 

5,720

 

 

Income taxes

Net of tax

 

 

 

 

 

 

 

(19,760

)

 

Net income

Amortization of defined benefit pension and

   post-retirement items (b)

 

$

 

(9,174

)

 

$

 

(4,989

)

 

Other noninterest expense

Tax effect

 

 

 

2,074

 

 

 

 

1,122

 

 

Income taxes

Net of tax

 

 

 

(7,100

)

 

 

 

(3,867

)

 

Net income

Reclassification of unrealized gain (loss) on cash flow hedges

 

 

 

(110

)

 

$

 

1,072

 

 

Interest income

Tax effect

 

 

 

25

 

 

 

 

(244

)

 

Income taxes

Net of tax

 

 

 

(85

)

 

 

 

828

 

 

Net Income

Amortization of loss on terminated cash flow hedges

 

 

 

(4,145

)

 

 

 

(5,569

)

 

Interest income

Tax effect

 

 

 

937

 

 

 

 

1,269

 

 

Income taxes

Net of tax

 

 

 

(3,208

)

 

 

 

(4,300

)

 

Net income

Total reclassifications, net of tax

 

$

 

(12,833

)

 

$

 

(30,468

)

 

Net income

 

(a)

Amounts in parenthesis indicate reduction in net income.

 

Compliance with Regulatory Capital Requirements

 

 

 

Actual

 

 

Required for

Minimum Capital

Adequacy

 

 

Required

To Be Well

Capitalized

 

($ in thousands)

 

Amount

 

 

Ratio %

 

 

Amount

 

 

Ratio %

 

 

Amount

 

 

Ratio %

 

At December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 leverage capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hancock Whitney Corporation

 

$

 

2,584,162

 

 

 

8.76

 

 

$

 

1,180,163

 

 

 

4.00

 

 

$

 

1,475,204

 

 

 

5.00

 

Hancock Whitney Bank

 

 

 

2,640,913

 

 

 

8.96

 

 

 

 

1,179,194

 

 

 

4.00

 

 

 

 

1,473,992

 

 

 

5.00

 

Common equity tier 1 (to risk weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hancock Whitney Corporation

 

$

 

2,584,162

 

 

 

10.50

 

 

$

 

1,107,527

 

 

 

4.50

 

 

$

 

1,599,761

 

 

 

6.50

 

Hancock Whitney Bank

 

 

 

2,640,913

 

 

 

10.74

 

 

 

 

1,106,558

 

 

 

4.50

 

 

 

 

1,598,362

 

 

 

6.50

 

Tier 1 capital (to risk weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hancock Whitney Corporation

 

$

 

2,584,162

 

 

 

10.50

 

 

$

 

1,476,702

 

 

 

6.00

 

 

$

 

1,968,936

 

 

 

8.00

 

Hancock Whitney Bank

 

 

 

2,640,913

 

 

 

10.74

 

 

 

 

1,475,411

 

 

 

6.00

 

 

 

 

1,967,214

 

 

 

8.00

 

Total capital (to risk weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hancock Whitney Corporation

 

$

 

2,929,387

 

 

 

11.90

 

 

$

 

1,968,936

 

 

 

8.00

 

 

$

 

2,461,171

 

 

 

10.00

 

Hancock Whitney Bank

 

 

 

2,836,138

 

 

 

11.53

 

 

 

 

1,967,214

 

 

 

8.00

 

 

 

 

2,459,018

 

 

 

10.00

 

At December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 leverage capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hancock Whitney Corporation

 

$

 

2,391,762

 

 

 

8.67

 

 

$

 

1,103,544

 

 

 

4.00

 

 

$

 

1,379,430

 

 

 

5.00

 

Hancock Whitney Bank

 

 

 

2,351,090

 

 

 

8.54

 

 

 

 

1,101,372

 

 

 

4.00

 

 

 

 

1,376,715

 

 

 

5.00

 

Common equity tier 1 (to risk weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hancock Whitney Corporation

 

$

 

2,391,762

 

 

 

10.48

 

 

$

 

1,026,637

 

 

 

4.50

 

 

$

 

1,482,920

 

 

 

6.50

 

Hancock Whitney Bank

 

 

 

2,351,090

 

 

 

10.32

 

 

 

 

1,025,355

 

 

 

4.50

 

 

 

 

1,481,068

 

 

 

6.50

 

Tier 1 capital (to risk weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hancock Whitney Corporation

 

$

 

2,391,762

 

 

 

10.48

 

 

$

 

1,368,849

 

 

 

6.00

 

 

$

 

1,825,132

 

 

 

8.00

 

Hancock Whitney Bank

 

 

 

2,351,090

 

 

 

10.32

 

 

 

 

1,367,140

 

 

 

6.00

 

 

 

 

1,822,853

 

 

 

8.00

 

Total capital (to risk weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hancock Whitney Corporation

 

$

 

2,736,276

 

 

 

11.99

 

 

$

 

1,825,132

 

 

 

8.00

 

 

$

 

2,281,415

 

 

 

10.00

 

Hancock Whitney Bank

 

 

 

2,545,604

 

 

 

11.17

 

 

 

 

1,822,053

 

 

 

8.00

 

 

 

 

2,278,566

 

 

 

10.00