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Income Statement (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Revenue | 341M | 16.9% |
| Gross Profit | 120M | 163% |
| Cost of Revenue | 221M | 10.3% |
| Operating expense | 58M | 32.8% |
| Net Income | 109M | 114.6% |
| EBITDA | 291M | 31.1% |
Balance Sheet (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Total Assets | 35.2B | 0.9% |
| Total Liabilities | 31.4B | 1.2% |
| Total Equity | 3.85B | 1.3% |
| Shares Outstanding | 87M | 0.3% |
Cash Flow (USD)
| Q1 '24 | QoQ | |
|---|---|---|
| Cash from operations | 167M | 79.5% |
| Cash from investing | 120M | 86% |
| Cash from financing | -433M | 53.3% |
EPS
Financial Highlights for Hancock Whitney in Q1 '24
Hancock Whitney reported a revenue of 341M, which is a 16.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 120M, marking a 163% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 221M, a -10.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 58M, showing a -32.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 109M, showing a 114.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 291M, showing a 31.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Hancock Whitney with growth in revenue, gross profit, and net income.