Hancock Whitney (US:HWC)2024-01-16 21:53Financial Performance - Net income for 4Q23 was $506 million, or $058 per diluted share[53] - Adjusted Pre-Provision Net Revenue (PPNR) totaled $1575 million, up 3% linked-quarter[52] - For the year 2023, net income was $3926 million, or $450 per diluted share[57] - Adjusted Pre-Provision Net Revenue (PPNR) for 2023 totaled $6357 million, down 1% compared to 2022[57] Balance Sheet - Total loans at the end of 4Q23 were $239 billion, a decrease of $618 million, or 1% linked-quarter[44, 59] - Total deposits at the end of 4Q23 were $297 billion, a decrease of $6303 million, or 8% linked-quarter[62] - Securities portfolio totaled $82 billion, down $649 million linked-quarter[99] Capital Ratios - CET1 ratio was estimated at 1239% at the end of 4Q23, up 33 bps linked-quarter[31, 52] - Tangible Common Equity (TCE) ratio was 837% at the end of 4Q23, up 103 bps linked-quarter[31, 52] Asset Quality - Criticized commercial loans totaled $274 million, or 147% of total commercial loans[78] - Nonaccrual loans totaled $59 million, or 025% of total loans[64] - Allowance for Credit Losses (ACL) was 141% of total loans[44, 96]