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Huntington Bancshares (HBANL) Financials

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$25.59 +0.18 (+0.71%)
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Annual Income Statements for Huntington Bancshares

Annual Income Statements for Huntington Bancshares

This table shows Huntington Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 661 647 1,110 1,323 1,337 717 1,153 2,125 1,817 1,801
Consolidated Net Income / (Loss)		 693 712 1,186 1,393 1,411 817 2,592 2,249 1,971 1,960
Net Income / (Loss) Continuing Operations		 693 712 1,186 1,393 1,411 817 2,059 2,249 1,971 1,960
Total Pre-Tax Income 		914 920 1,394 1,628 1,659 972 1,591 2,764 2,384 2,403
Total Revenue		 2,990 3,519 4,309 4,510 4,667 4,815 6,753 7,254 7,360 7,385
Net Interest Income / (Expense)		 1,951 2,369 3,002 3,189 3,213 3,224 4,102 5,273 5,439 5,345
Total Interest Income		 2,115 2,632 3,433 3,949 4,201 3,647 4,191 5,969 8,916 9,921
Loans and Leases Interest Income		 1,760 2,178 2,838 3,330 3,541 3,085 3,636 4,816 6,811 7,481
Investment Securities Interest Income		 331 420 553 587 596 519 491 1,001 1,521 1,748
Other Interest Income		 24 34 42 32 64 43 64 152 584 692
Total Interest Expense		 164 263 431 760 988 423 89 696 3,477 4,576
Deposits Interest Expense		 82 102 180 391 585 197 45 363 2,497 3,572
Short-Term Borrowings Interest Expense		 2.00 5.00 25 48 54 13 1.00 46 179 69
Long-Term Debt Interest Expense		 80 156 226 321 349 213 43 287 801 935
Total Non-Interest Income		 1,039 1,150 1,307 1,321 1,454 1,591 1,889 1,981 1,921 2,040
Other Service Charges		 694 429 826 685 914 727 1,352 1,855 1,816 1,982
Net Realized & Unrealized Capital Gains on Investments		 34 47 52 34 31 41 18 0.00 -7.00 -21
Other Non-Interest Income		 195 227 273 67 85 333 1,281 126 112 79
Provision for Credit Losses		 100 191 201 235 287 1,048 25 289 402 420
Total Non-Interest Expense		 1,976 2,408 2,714 2,647 2,721 2,795 4,375 4,201 4,574 4,562
Salaries and Employee Benefits		 1,122 1,349 1,524 1,559 1,654 1,692 2,335 2,401 2,529 2,701
Net Occupancy & Equipment Expense		 478 623 696 642 668 722 1,375 1,125 1,114 1,153
Marketing Expense		 52 63 60 53 37 38 89 91 115 116
Property & Liability Insurance Claims		 45 54 78 63 49 32 51 67 302 114
Other Operating Expenses		 251 289 300 277 275 269 436 419 437 416
Depreciation Expense		 - - - - 4.00 1.00 41 45 27 15
Amortization Expense		 28 30 56 53 34 41 48 53 50 47
Income Tax Expense		 221 208 208 235 248 155 294 515 413 443
Preferred Stock Dividends Declared		 32 65 76 70 74 100 142 113 134 139
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - 0.00 0.00 2.00 11 20 20
Basic Earnings per Share		 $0.82 $0.72 $1.02 $1.22 $1.29 $0.71 $0.91 $1.47 $1.26 $1.24
Weighted Average Basic Shares Outstanding		 803.41M 904.44M 1.08B 1.08B 1.04B 1.02B 1.26B 1.44B 1.45B 1.45B
Diluted Earnings per Share		 $0.81 $0.70 $1.00 $1.20 $1.27 $0.69 $0.90 $1.45 $1.24 $1.22
Weighted Average Diluted Shares Outstanding		 817.13M 918.79M 1.14B 1.11B 1.06B 1.03B 1.29B 1.47B 1.47B 1.48B
Weighted Average Basic & Diluted Shares Outstanding		 806.20M 898.60M 1.09B 1.08B 1.02B 1.02B 1.44B 1.44B 1.45B 1.45B
Cash Dividends to Common per Share		 $0.25 $0.29 $0.35 $0.50 $0.58 $0.60 $0.61 $0.62 $0.62 $0.62

Quarterly Income Statements for Huntington Bancshares

This table shows Huntington Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 565 617 573 519 510 215 383 439 481 498 500
Consolidated Net Income / (Loss)		 597 649 606 565 552 248 424 480 522 534 531
Net Income / (Loss) Continuing Operations		 597 649 606 565 552 248 424 480 522 534 531
Total Pre-Tax Income 		743 793 750 699 688 247 510 586 638 669 653
Total Revenue		 1,902 1,961 1,921 1,841 1,877 1,721 1,754 1,803 1,874 1,954 1,920
Net Interest Income / (Expense)		 1,404 1,462 1,409 1,346 1,368 1,316 1,287 1,312 1,351 1,395 1,426
Total Interest Income		 1,589 1,854 2,028 2,225 2,313 2,350 2,380 2,476 2,555 2,510 2,489
Loans and Leases Interest Income		 1,268 1,466 1,579 1,679 1,764 1,789 1,809 1,859 1,906 1,907 1,905
Investment Securities Interest Income		 287 308 357 380 387 397 418 442 451 437 429
Other Interest Income		 34 80 92 166 162 164 153 175 198 166 155
Total Interest Expense		 185 392 619 879 945 1,034 1,093 1,164 1,204 1,115 1,063
Deposits Interest Expense		 92 235 406 570 713 808 857 907 945 863 810
Short-Term Borrowings Interest Expense		 22 10 60 74 17 28 19 19 14 17 14
Long-Term Debt Interest Expense		 71 147 153 235 215 198 217 238 245 235 239
Total Non-Interest Income		 498 499 512 495 509 405 467 491 523 559 494
Trust Fees by Commissions		 60 - 65 62 52 - 56 73 78 - 67
Other Service Charges		 192 1,126 321 298 326 871 271 279 306 1,126 413
Other Non-Interest Income		 138 -152 29 41 34 8.00 36 32 26 -15 14
Provision for Credit Losses		 106 91 85 92 99 126 107 100 106 107 115
Total Non-Interest Expense		 1,053 1,077 1,086 1,050 1,090 1,348 1,137 1,117 1,130 1,178 1,152
Salaries and Employee Benefits		 614 630 649 613 622 645 639 663 684 715 671
Net Occupancy & Equipment Expense		 268 275 235 235 239 405 290 252 247 364 302
Marketing Expense		 24 29 60 54 67 -66 57 51 57 -49 29
Property & Liability Insurance Claims		 15 18 16 21 27 238 25 26 21 42 22
Other Operating Expenses		 108 107 105 106 117 109 110 109 106 91 113
Depreciation Expense		 11 9.00 8.00 8.00 6.00 5.00 4.00 4.00 4.00 3.00 4.00
Amortization Expense		 13 9.00 13 13 12 12 12 12 11 12 11
Income Tax Expense		 146 144 144 134 136 -1.00 86 106 116 135 122
Preferred Stock Dividends Declared		 29 28 29 40 37 28 36 35 36 32 27
Net Income / (Loss) Attributable to Noncontrolling Interest		 3.00 4.00 4.00 6.00 5.00 5.00 5.00 6.00 5.00 4.00 4.00
Basic Earnings per Share		 $0.39 $0.43 $0.40 $0.36 $0.35 $0.15 $0.26 $0.30 $0.33 $0.35 $0.34
Weighted Average Basic Shares Outstanding		 1.44B 1.44B 1.44B 1.45B 1.45B 1.45B 1.45B 1.45B 1.45B 1.45B 1.45B
Diluted Earnings per Share		 $0.39 $0.42 $0.39 $0.35 $0.35 $0.15 $0.26 $0.30 $0.33 $0.33 $0.34
Weighted Average Diluted Shares Outstanding		 1.47B 1.47B 1.47B 1.47B 1.47B 1.47B 1.47B 1.47B 1.48B 1.48B 1.48B
Weighted Average Basic & Diluted Shares Outstanding		 1.44B 1.44B 1.44B 1.45B 1.45B 1.45B 1.45B 1.45B 1.45B 1.45B 1.46B
Cash Dividends to Common per Share		 $0.16 - $0.16 $0.16 $0.16 - $0.16 $0.16 $0.16 - $0.16

Annual Cash Flow Statements for Huntington Bancshares

This table details how cash moves in and out of Huntington Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -374 538 135 1,152 -1,502 5,425 -1,073 1,182 3,425 2,718
Net Cash From Operating Activities		 1,033 1,215 1,954 1,726 1,574 1,323 2,062 4,027 2,657 1,815
Net Cash From Continuing Operating Activities		 1,033 1,215 1,958 1,726 1,574 1,323 2,062 4,027 2,657 1,815
Net Income / (Loss) Continuing Operations		 693 712 1,186 1,393 1,411 817 1,297 2,249 1,971 1,960
Consolidated Net Income / (Loss)		 693 712 1,186 1,393 1,411 817 1,297 2,249 1,971 1,960
Provision For Loan Losses		 100 191 201 235 287 1,048 25 289 402 420
Depreciation Expense		 341 380 413 493 386 367 391 484 798 622
Non-Cash Adjustments to Reconcile Net Income		 -184 135 -156 -157 -487 -1,093 419 -732 -696 -681
Changes in Operating Assets and Liabilities, net		 83 -203 314 -238 -23 184 -70 1,737 182 -506
Net Cash From Investing Activities		 -4,929 -3,445 -4,866 -3,663 -1,877 -8,639 -3,962 -11,609 -2,997 -12,119
Net Cash From Continuing Investing Activities		 -4,929 -3,445 -4,866 -3,663 -1,877 -8,639 -3,962 -11,609 -2,997 -12,119
Purchase of Property, Leasehold Improvements and Equipment		 -93 -120 -194 -110 -107 -119 -247 -214 -140 -143
Purchase of Investment Securities		 -8,852 -15,785 -10,870 -8,713 -10,149 -19,522 -21,898 -22,086 -11,007 -27,194
Sale and/or Maturity of Investments		 4,006 12,460 6,198 5,058 8,927 11,002 18,988 10,757 8,167 15,692
Other Investing Activities, net		 10 - - 102 - 0.00 -653 -66 -17 -474
Net Cash From Financing Activities		 3,522 2,768 3,047 3,089 -1,199 12,741 827 8,764 3,765 13,022
Net Cash From Continuing Financing Activities		 3,522 2,768 3,047 3,089 -1,199 12,741 827 8,764 3,765 13,022
Net Change in Deposits		 -48 -292 1,433 - -1,702 16,601 6,501 4,651 3,316 11,218
Issuance of Debt		 3,240 2,128 3,262 2,234 2,382 -987 -470 13,165 14,965 6,879
Issuance of Preferred Equity		 0.00 585 0.00 495 0.00 988 486 0.00 317 0.00
Repayment of Debt		 -2,856 625 -948 -5,823 -743 -3,052 -3,404 -8,017 -13,671 -3,563
Repurchase of Preferred Equity		 - - - - 0.00 0.00 -700 0.00 -82 -410
Payment of Dividends		 -225 -299 -425 -584 -671 -698 -888 -1,010 -1,034 -1,046
Other Financing Activities, Net		 3,663 21 -15 7,706 -24 -19 -48 -25 -46 -56
Cash Interest Paid		 150 241 409 742 989 453 185 627 3,359 4,547
Cash Income Taxes Paid		 154 5.00 84 -52 111 81 269 -109 90 123

Quarterly Cash Flow Statements for Huntington Bancshares

This table details how cash moves in and out of Huntington Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 468 2,328 3,665 710 356 - 2,051 366 39 262 2,463
Net Cash From Operating Activities		 846 1,357 130 630 999 - 464 305 -438 1,484 513
Net Cash From Continuing Operating Activities		 846 1,357 130 630 999 - 464 305 -438 1,484 513
Net Income / (Loss) Continuing Operations		 597 649 606 565 552 - 424 480 522 534 531
Consolidated Net Income / (Loss)		 597 649 606 565 552 - 424 480 522 534 531
Provision For Loan Losses		 106 91 85 92 99 - 107 100 106 107 115
Depreciation Expense		 148 129 142 202 214 - 190 170 132 130 209
Non-Cash Adjustments to Reconcile Net Income		 -828 131 -268 -263 -299 - -394 -172 -44 -71 555
Changes in Operating Assets and Liabilities, net		 823 357 -435 34 433 - 137 -273 -1,154 784 -897
Net Cash From Investing Activities		 -1,141 -1,263 -2,299 1,167 1,444 - -2,262 -2,192 -2,881 -4,784 -2,150
Net Cash From Continuing Investing Activities		 -1,141 -1,263 -2,299 1,167 1,444 - -2,262 -2,192 -2,881 -4,784 -2,150
Purchase of Property, Leasehold Improvements and Equipment		 -42 -49 -25 -32 -23 - -32 -42 -42 -27 -54
Purchase of Investment Securities		 -4,444 -2,700 -4,270 -1,170 -453 - -4,735 -6,225 -7,258 -8,976 -5,084
Sale and/or Maturity of Investments		 2,431 1,648 1,904 2,345 1,910 - 2,446 4,034 4,432 4,780 2,512
Other Investing Activities, net		 914 -162 92 24 10 - 59 41 -13 -561 476
Net Cash From Financing Activities		 763 2,234 5,834 -1,087 -2,087 - 3,849 2,253 3,358 3,562 4,100
Net Cash From Continuing Financing Activities		 763 2,234 5,834 -1,087 -2,087 - 3,849 2,253 3,358 3,562 4,100
Net Change in Deposits		 878 1,601 -2,636 2,750 839 - 1,995 1,142 3,984 4,097 2,889
Issuance of Debt		 878 7,003 8,669 4,925 1,303 - 2,786 1,821 767 1,505 1,953
Repayment of Debt		 -744 -6,115 -268 -8,475 -3,955 - -661 -420 -1,124 -1,358 -460
Payment of Dividends		 -252 -253 -254 -252 -265 - -262 -260 -262 -262 -253
Other Financing Activities, Net		 3.00 -2.00 6.00 -35 -9.00 - -9.00 -30 -7.00 -10 -29
Cash Interest Paid		 156 358 562 871 909 - 1,070 1,139 1,245 1,093 1,092
Cash Income Taxes Paid		 -3.00 4.00 -59 152 -87 - 47 45 12 19 34

Annual Balance Sheets for Huntington Bancshares

This table presents Huntington Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 71,018 99,714 104,185 108,781 109,002 123,038 174,064 182,906 189,368 204,230
Cash and Due from Banks		 847 1,385 1,212 1,108 1,045 1,319 1,811 1,796 1,558 1,685
Interest Bearing Deposits at Other Banks		 52 58 47 53 102 117 392 5,122 8,765 11,647
Trading Account Securities		 15,447 24,016 25,048 23,819 24,636 27,101 43,277 41,877 42,421 45,171
Loans and Leases, Net of Allowance		 49,743 66,324 69,426 74,128 74,621 79,794 109,237 117,402 119,727 127,798
Loans and Leases		 50,341 66,962 70,117 74,900 75,404 81,608 111,267 119,523 121,982 130,042
Allowance for Loan and Lease Losses		 598 638 691 772 783 1,814 2,030 2,121 2,255 2,244
Accrued Investment Income		 - - - - - - 1,319 1,573 1,646 2,190
Premises and Equipment, Net		 621 816 864 790 763 757 1,164 1,156 1,109 1,066
Goodwill		 677 1,993 1,993 1,989 1,990 1,990 5,349 5,571 5,561 5,561
Intangible Assets		 55 402 584 535 475 428 611 712 672 677
Other Assets		 3,577 4,720 4,617 4,795 5,245 6,256 7,193 7,697 7,909 8,435
Total Liabilities & Shareholders' Equity		 71,018 99,714 104,185 108,781 109,002 123,038 174,064 182,906 189,368 204,230
Total Liabilities		 64,424 89,406 93,371 97,679 97,207 110,045 154,746 165,137 169,970 184,448
Non-Interest Bearing Deposits		 16,480 22,836 21,546 21,783 20,247 28,553 43,236 38,242 30,967 29,345
Interest Bearing Deposits		 38,548 52,772 55,495 62,991 62,100 70,395 100,027 109,672 120,263 133,103
Short-Term Debt		 615 3,693 5,056 2,017 2,606 183 334 2,027 620 199
Long-Term Debt		 7,041 8,309 9,206 8,625 9,849 8,352 7,108 9,686 12,394 16,374
Other Long-Term Liabilities		 1,472 1,796 2,068 2,263 2,405 2,562 4,041 5,510 5,726 5,427
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 6,595 10,308 10,814 11,102 11,795 12,993 19,318 17,769 19,398 19,782
Total Preferred & Common Equity		 6,595 10,308 10,814 11,102 11,795 12,993 19,297 17,731 19,353 19,740
Preferred Stock		 0.00 1,071 1,071 1,203 1,203 2,191 2,167 2,167 2,394 1,989
Total Common Equity		 6,595 9,237 9,743 9,899 10,592 10,802 17,130 15,564 16,959 17,751
Common Stock		 7,046 9,892 9,718 9,192 8,816 8,791 15,236 15,323 15,404 15,499
Retained Earnings		 -594 -227 588 1,361 2,088 1,878 2,202 3,419 4,322 5,204
Treasury Stock		 -18 -27 -35 -45 -56 -59 -79 -80 -91 -86
Accumulated Other Comprehensive Income / (Loss)		 -226 -401 -528 -609 -256 192 -229 -3,098 -2,676 -2,866
Noncontrolling Interest		 - - - - - 0.00 21 38 45 42

Quarterly Balance Sheets for Huntington Bancshares

This table presents Huntington Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Total Assets		 179,402 182,906 189,070 188,505 186,650 189,368 193,519 196,310 200,535 204,230 209,596
Cash and Due from Banks		 1,685 1,796 1,568 1,636 1,602 1,558 1,189 1,333 1,677 1,685 1,598
Interest Bearing Deposits at Other Banks		 216 5,122 203 210 258 8,765 11,216 11,450 11,163 11,647 14,330
Trading Account Securities		 42,222 41,877 42,837 41,459 39,453 42,421 43,601 44,156 46,115 45,171 46,091
Loans and Leases, Net of Allowance		 116,037 117,402 119,037 119,048 118,645 119,727 120,487 122,118 124,152 127,798 130,242
Loans and Leases		 118,147 119,523 121,179 121,225 120,853 121,982 122,767 124,422 126,387 130,042 132,505
Allowance for Loan and Lease Losses		 2,110 2,121 2,142 2,177 2,208 2,255 2,280 2,304 2,235 2,244 2,263
Accrued Investment Income		 1,352 1,573 1,521 1,471 1,496 1,646 1,616 1,591 1,633 2,190 1,716
Premises and Equipment, Net		 1,171 1,156 1,136 1,128 1,096 1,109 1,095 1,095 1,093 1,066 1,085
Goodwill		 5,571 5,571 5,561 5,561 5,561 5,561 5,561 5,561 5,561 5,561 5,561
Intangible Assets		 715 712 685 690 718 672 677 673 633 677 656
Other Assets		 7,742 7,697 7,721 7,859 7,988 7,909 8,077 8,333 8,508 8,435 8,317
Total Liabilities & Shareholders' Equity		 179,402 182,906 189,070 188,505 186,650 189,368 193,519 196,310 200,535 204,230 209,596
Total Liabilities		 162,231 165,137 170,259 169,667 168,120 169,970 174,146 176,747 179,883 184,448 189,110
Non-Interest Bearing Deposits		 40,762 38,242 36,789 33,340 31,666 30,967 29,739 28,636 29,047 29,345 30,217
Interest Bearing Deposits		 105,551 109,672 108,489 114,688 117,201 120,263 123,486 125,731 129,304 133,103 135,120
Short-Term Debt		 426 2,027 6,898 1,680 681 620 182 187 868 199 664
Long-Term Debt		 10,168 9,686 13,072 14,711 12,822 12,394 14,894 16,461 15,656 16,374 18,096
Other Long-Term Liabilities		 5,324 5,510 5,011 5,248 5,750 5,726 5,845 5,732 5,008 5,427 5,013
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 17,171 17,769 18,811 18,838 18,530 19,398 19,373 19,563 20,652 19,782 20,486
Total Preferred & Common Equity		 17,136 17,731 18,758 18,788 18,483 19,353 19,322 19,515 20,606 19,740 20,434
Preferred Stock		 2,167 2,167 2,484 2,484 2,484 2,394 2,394 2,394 2,394 1,989 1,989
Total Common Equity		 14,969 15,564 16,274 16,304 15,999 16,959 16,928 17,121 18,212 17,751 18,445
Common Stock		 15,296 15,323 15,347 15,350 15,378 15,404 15,422 15,440 15,470 15,499 15,494
Retained Earnings		 3,029 3,419 3,764 4,052 4,334 4,322 4,476 4,682 4,935 5,204 5,474
Treasury Stock		 -80 -80 -82 -92 -91 -91 -91 -90 -89 -86 -90
Accumulated Other Comprehensive Income / (Loss)		 -3,276 -3,098 -2,755 -3,006 -3,622 -2,676 -2,879 -2,911 -2,104 -2,866 -2,433
Noncontrolling Interest		 35 38 53 50 47 45 51 48 46 42 52

Annual Metrics And Ratios for Huntington Bancshares

This table displays calculated financial ratios and metrics derived from Huntington Bancshares' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 6.17% 17.69% 22.45% 4.66% 3.48% 3.17% 40.25% 7.42% 1.46% 0.34%
EBITDA Growth		 5.83% 3.59% 39.00% 17.38% -3.58% -34.52% 104.93% 18.37% -2.03% -4.93%
EBIT Growth		 7.15% 0.66% 51.52% 16.79% 1.90% -41.41% 142.08% 17.47% -13.75% 0.80%
NOPAT Growth		 9.58% 2.74% 66.57% 17.45% 1.29% -42.10% 58.75% 73.40% -12.36% -0.56%
Net Income Growth		 9.58% 2.74% 66.57% 17.45% 1.29% -42.10% 217.26% -13.23% -12.36% -0.56%
EPS Growth		 12.50% -13.58% 42.86% 20.00% 5.83% -45.67% 30.43% 61.11% -14.48% -1.61%
Operating Cash Flow Growth		 16.23% 17.62% 60.82% -11.67% -8.81% -15.95% 55.86% 95.30% -34.02% -31.69%
Free Cash Flow Firm Growth		 67.48% -1,378.17% 78.49% 399.05% -123.17% 423.20% -211.19% 87.98% -102.75% -106.78%
Invested Capital Growth		 9.11% 56.55% 12.40% -13.29% 11.53% -11.22% 24.30% 10.17% 9.94% 12.17%
Revenue Q/Q Growth		 2.16% 9.31% 0.93% 1.19% -0.21% 1.73% 21.06% -5.82% -3.16% 3.26%
EBITDA Q/Q Growth		 -0.17% 6.66% 7.32% 0.81% -3.95% 2.61% 45.65% -11.50% -12.03% 47.92%
EBIT Q/Q Growth		 1.50% 9.38% 7.55% -1.21% -1.13% 0.31% 59.42% -14.24% -18.63% 21.30%
NOPAT Q/Q Growth		 2.17% 9.33% 19.30% -6.51% -1.19% -0.12% 7.10% 12.34% -16.91% 17.08%
Net Income Q/Q Growth		 2.17% 9.33% 19.30% -6.51% -1.19% -0.12% 114.04% -31.79% -16.91% 17.08%
EPS Q/Q Growth		 3.85% -1.41% 20.48% -6.25% -0.78% -2.82% -1.10% 13.28% -17.88% 17.31%
Operating Cash Flow Q/Q Growth		 56.42% -7.81% 19.50% -13.35% 6.35% -31.63% 26.58% 27.16% -14.73% 0.00%
Free Cash Flow Firm Q/Q Growth		 26.68% -13.26% -297.87% 204.43% -27.18% 43.80% 6.06% -124.26% 49.42% 42.84%
Invested Capital Q/Q Growth		 -1.00% 3.61% 15.40% 0.36% 1.23% -3.52% -3.44% 6.18% 1.18% -2.21%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 41.97% 36.94% 41.94% 47.03% 43.82% 27.81% 40.63% 44.78% 43.23% 40.96%
EBIT Margin		 30.57% 26.14% 32.35% 36.10% 35.55% 20.19% 34.84% 38.10% 32.39% 32.54%
Profit (Net Income) Margin		 23.18% 20.23% 27.52% 30.89% 30.23% 16.97% 38.38% 31.00% 26.78% 26.54%
Tax Burden Percent		 75.82% 77.39% 85.08% 85.57% 85.05% 84.05% 162.92% 81.37% 82.68% 81.56%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 67.62% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.18% 22.61% 14.92% 14.43% 14.95% 15.95% 18.48% 18.63% 17.32% 18.44%
Return on Invested Capital (ROIC)		 5.07% 3.89% 5.01% 5.95% 6.14% 3.57% 5.37% 8.00% 6.37% 5.70%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.07% 3.89% 5.01% 5.95% 6.14% 3.57% 21.58% 8.00% 6.37% 5.70%
Return on Net Nonoperating Assets (RNNOA)		 5.65% 4.53% 6.22% 6.76% 6.19% 3.02% 10.67% 4.13% 4.24% 4.30%
Return on Equity (ROE)		 10.73% 8.42% 11.23% 12.71% 12.32% 6.59% 16.04% 12.13% 10.61% 10.01%
Cash Return on Invested Capital (CROIC)		 -3.64% -40.19% -6.67% 20.18% -4.76% 15.46% -16.30% -1.68% -3.10% -5.77%
Operating Return on Assets (OROA)		 1.33% 1.08% 1.37% 1.53% 1.52% 0.84% 1.58% 1.55% 1.28% 1.22%
Return on Assets (ROA)		 1.01% 0.83% 1.16% 1.31% 1.30% 0.70% 1.74% 1.26% 1.06% 1.00%
Return on Common Equity (ROCE)		 10.40% 7.89% 10.09% 11.39% 11.03% 5.69% 13.87% 10.69% 9.28% 8.86%
Return on Equity Simple (ROE_SIMPLE)		 10.51% 6.91% 10.97% 12.55% 11.96% 6.29% 13.43% 12.68% 10.18% 9.93%
Net Operating Profit after Tax (NOPAT)		 693 712 1,186 1,393 1,411 817 1,297 2,249 1,971 1,960
NOPAT Margin		 23.18% 20.23% 27.52% 30.89% 30.23% 16.97% 19.21% 31.00% 26.78% 26.54%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -16.21% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 55.25% 57.83% 52.91% 49.98% 50.55% 50.92% 56.26% 49.86% 51.06% 53.76%
Operating Expenses to Revenue		 66.09% 68.43% 62.98% 58.69% 58.30% 58.05% 64.79% 57.91% 62.15% 61.77%
Earnings before Interest and Taxes (EBIT)		 914 920 1,394 1,628 1,659 972 2,353 2,764 2,384 2,403
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,255 1,300 1,807 2,121 2,045 1,339 2,744 3,248 3,182 3,025
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.94 1.12 1.20 0.98 1.18 1.01 1.15 1.18 1.04 1.33
Price to Tangible Book Value (P/TBV)		 1.06 1.52 1.63 1.32 1.53 1.30 1.76 1.99 1.64 2.05
Price to Revenue (P/Rev)		 2.07 2.95 2.71 2.15 2.67 2.27 2.92 2.54 2.39 3.20
Price to Earnings (P/E)		 9.37 16.02 10.51 7.34 9.31 15.21 17.09 8.67 9.70 13.12
Dividend Yield		 3.22% 3.03% 3.24% 5.46% 4.81% 5.60% 4.44% 4.85% 5.10% 3.81%
Earnings Yield		 10.67% 6.24% 9.51% 13.62% 10.74% 6.57% 5.85% 11.53% 10.31% 7.62%
Enterprise Value to Invested Capital (EV/IC)		 0.91 0.99 1.01 0.87 1.02 0.69 0.88 0.86 0.70 0.80
Enterprise Value to Revenue (EV/Rev)		 4.33 6.25 5.90 4.18 5.32 3.10 3.47 3.50 3.09 3.91
Enterprise Value to EBITDA (EV/EBITDA)		 10.32 16.92 14.08 8.88 12.14 11.14 8.53 7.83 7.15 9.55
Enterprise Value to EBIT (EV/EBIT)		 14.17 23.91 18.25 11.57 14.97 15.35 9.95 9.20 9.54 12.03
Enterprise Value to NOPAT (EV/NOPAT)		 18.69 30.89 21.45 13.52 17.60 18.26 18.06 11.30 11.54 14.75
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.54 18.10 13.02 10.91 15.78 11.28 11.36 6.31 8.56 15.92
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 3.99 0.00 4.22 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.16 1.16 1.32 0.96 1.06 0.66 0.39 0.66 0.67 0.84
Long-Term Debt to Equity		 1.07 0.81 0.85 0.78 0.84 0.64 0.37 0.55 0.64 0.83
Financial Leverage		 1.11 1.16 1.24 1.14 1.01 0.85 0.49 0.52 0.67 0.76
Leverage Ratio		 10.63 10.10 9.65 9.72 9.51 9.36 9.20 9.63 10.02 10.05
Compound Leverage Factor		 10.63 10.10 9.65 9.72 9.51 9.36 6.22 9.63 10.02 10.05
Debt to Total Capital		 53.73% 53.80% 56.88% 48.94% 51.36% 39.65% 27.81% 39.73% 40.15% 45.59%
Short-Term Debt to Total Capital		 4.32% 16.55% 20.16% 9.28% 10.75% 0.85% 1.25% 6.88% 1.91% 0.55%
Long-Term Debt to Total Capital		 49.41% 37.24% 36.71% 39.67% 40.61% 38.80% 26.56% 32.85% 38.24% 45.04%
Preferred Equity to Total Capital		 0.00% 4.80% 4.27% 5.53% 4.96% 10.18% 8.10% 7.35% 7.39% 5.47%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.13% 0.14% 0.12%
Common Equity to Total Capital		 46.27% 41.40% 38.85% 45.53% 43.68% 50.18% 64.01% 52.79% 52.32% 48.83%
Debt to EBITDA		 6.10 9.23 7.89 5.02 6.09 6.37 2.71 3.61 4.09 5.48
Net Debt to EBITDA		 5.38 8.12 7.03 3.73 5.47 1.36 0.56 1.48 0.85 1.07
Long-Term Debt to EBITDA		 5.61 6.39 5.09 4.07 4.82 6.24 2.59 2.98 3.90 5.41
Debt to NOPAT		 11.05 16.86 12.03 7.64 8.83 10.45 5.74 5.21 6.60 8.46
Net Debt to NOPAT		 9.75 14.83 10.70 5.68 7.93 2.23 1.18 2.13 1.37 1.65
Long-Term Debt to NOPAT		 10.16 11.67 7.76 6.19 6.98 10.22 5.48 4.31 6.29 8.35
Noncontrolling Interest Sharing Ratio		 2.99% 6.34% 10.14% 10.38% 10.51% 13.69% 13.55% 11.85% 12.50% 11.41%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -497 -7,347 -1,580 4,725 -1,095 3,539 -3,935 -473 -959 -1,983
Operating Cash Flow to CapEx		 1,110.75% 1,012.50% 1,007.22% 1,569.09% 1,471.03% 1,111.76% 834.82% 1,881.78% 1,897.86% 1,269.23%
Free Cash Flow to Firm to Interest Expense		 -3.03 -27.93 -3.67 6.22 -1.11 8.37 -44.21 -0.68 -0.28 -0.43
Operating Cash Flow to Interest Expense		 6.30 4.62 4.53 2.27 1.59 3.13 23.17 5.79 0.76 0.40
Operating Cash Flow Less CapEx to Interest Expense		 5.73 4.16 4.08 2.13 1.48 2.85 20.39 5.48 0.72 0.37
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.04 0.04 0.04
Fixed Asset Turnover		 4.83 4.90 5.13 5.45 6.01 6.34 7.03 6.25 6.50 6.79
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 14,251 22,310 25,076 21,744 24,250 21,528 26,760 29,482 32,412 36,355
Invested Capital Turnover		 0.22 0.19 0.18 0.19 0.20 0.21 0.28 0.26 0.24 0.21
Increase / (Decrease) in Invested Capital		 1,190 8,059 2,766 -3,332 2,506 -2,722 5,232 2,722 2,930 3,943
Enterprise Value (EV)		 12,951 21,996 25,438 18,833 24,836 14,921 23,419 25,425 22,750 28,903
Market Capitalization		 6,194 10,366 11,672 9,713 12,450 10,907 19,703 18,425 17,620 23,631
Book Value per Share		 $8.28 $8.52 $9.01 $9.33 $10.26 $10.62 $11.84 $10.79 $11.71 $12.23
Tangible Book Value per Share		 $7.36 $6.31 $6.63 $6.95 $7.87 $8.24 $7.72 $6.43 $7.41 $7.93
Total Capital		 14,251 22,310 25,076 21,744 24,250 21,528 26,760 29,482 32,412 36,355
Total Debt		 7,657 12,002 14,262 10,642 12,455 8,535 7,442 11,713 13,014 16,573
Total Long-Term Debt		 7,041 8,309 9,206 8,625 9,849 8,352 7,108 9,686 12,394 16,374
Net Debt		 6,758 10,559 12,695 7,917 11,183 1,823 1,528 4,795 2,691 3,241
Capital Expenditures (CapEx)		 93 120 194 110 107 119 247 214 140 143
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 -1,295 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 7,657 12,002 14,262 10,642 12,455 8,535 7,442 11,713 13,014 16,573
Total Depreciation and Amortization (D&A)		 341 380 413 493 386 367 391 484 798 622
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.82 $0.72 $1.02 $1.22 $1.29 $0.71 $0.91 $1.47 $1.26 $1.24
Adjusted Weighted Average Basic Shares Outstanding		 803.41M 904.44M 1.08B 1.08B 1.04B 1.02B 1.26B 1.44B 1.45B 1.45B
Adjusted Diluted Earnings per Share		 $0.81 $0.70 $1.00 $1.20 $1.27 $0.69 $0.90 $1.45 $1.24 $1.22
Adjusted Weighted Average Diluted Shares Outstanding		 817.13M 918.79M 1.14B 1.11B 1.06B 1.03B 1.29B 1.47B 1.47B 1.48B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $1.29 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 795.03M 1.09B 1.07B 1.05B 1.02B 1.02B 1.44B 1.44B 1.45B 1.45B
Normalized Net Operating Profit after Tax (NOPAT)		 693 712 1,186 1,393 1,411 817 1,297 2,249 1,971 1,960
Normalized NOPAT Margin		 23.18% 20.23% 27.52% 30.89% 30.23% 16.97% 19.21% 31.00% 26.78% 26.54%
Pre Tax Income Margin		 30.57% 26.14% 32.35% 36.10% 35.55% 20.19% 23.56% 38.10% 32.39% 32.54%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 5.57 3.50 3.23 2.14 1.68 2.30 26.44 3.97 0.69 0.53
NOPAT to Interest Expense		 4.23 2.71 2.75 1.83 1.43 1.93 14.57 3.23 0.57 0.43
EBIT Less CapEx to Interest Expense		 5.01 3.04 2.78 2.00 1.57 2.02 23.66 3.66 0.65 0.49
NOPAT Less CapEx to Interest Expense		 3.66 2.25 2.30 1.69 1.32 1.65 11.80 2.92 0.53 0.40
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 32.47% 41.99% 35.83% 41.92% 47.55% 85.43% 34.26% 44.91% 52.46% 53.37%
Augmented Payout Ratio		 68.83% 41.99% 57.76% 109.33% 78.81% 96.70% 59.34% 44.91% 52.46% 53.37%

Quarterly Metrics And Ratios for Huntington Bancshares

This table displays calculated financial ratios and metrics derived from Huntington Bancshares' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.21% -18.60% 16.78% 5.44% -1.31% -12.24% -8.69% -2.06% -0.16% 13.54% 9.46%
EBITDA Growth		 80.73% -31.40% 31.37% 19.18% 1.23% -71.37% -21.52% -16.09% -14.63% 202.65% 23.14%
EBIT Growth		 58.76% -36.66% 32.28% 5.75% -7.40% -68.85% -32.00% -16.17% -7.27% 170.85% 28.04%
NOPAT Growth		 57.94% 61.44% 31.17% 4.44% -7.54% -61.79% -30.03% -15.04% -5.43% 115.32% 25.24%
Net Income Growth		 57.94% -61.76% 31.17% 4.44% -7.54% -61.79% -30.03% -15.04% -5.43% 115.32% 25.24%
EPS Growth		 77.27% 68.00% 34.48% 0.00% -10.26% -64.29% -33.33% -14.29% -5.71% 120.00% 30.77%
Operating Cash Flow Growth		 46.62% 173.04% -84.69% -35.38% 18.09% 0.00% 256.92% -51.59% -143.84% 0.00% 6.43%
Free Cash Flow Firm Growth		 110.85% 57.08% -202.02% -6,457.95% -781.83% -29.38% 137.94% 91.30% -24.35% -27.11% -189.70%
Invested Capital Growth		 0.19% 10.17% 51.25% 21.93% 15.37% 9.94% -11.17% 2.79% 16.06% 12.17% 13.92%
Revenue Q/Q Growth		 8.93% 3.10% -33.76% -4.16% 1.96% -8.31% -35.49% 2.79% 3.94% 4.27% -1.74%
EBITDA Q/Q Growth		 17.86% 3.48% -52.07% 1.01% 0.11% -70.73% -52.86% 8.00% 1.85% 3.77% 7.88%
EBIT Q/Q Growth		 12.41% 6.73% -56.70% -6.80% -1.57% -64.10% -59.04% 14.90% 8.87% 4.86% -2.39%
NOPAT Q/Q Growth		 10.35% 8.71% -6.63% -6.77% -2.30% -55.07% 70.97% 13.21% 8.75% 2.30% -0.56%
Net Income Q/Q Growth		 10.35% 8.71% -79.01% -6.77% -2.30% -55.07% -80.72% 13.21% 8.75% 2.30% -0.56%
EPS Q/Q Growth		 11.43% 7.69% -7.14% -10.26% 0.00% -57.14% 73.33% 15.38% 10.00% 0.00% 3.03%
Operating Cash Flow Q/Q Growth		 -13.23% 60.40% -90.42% 384.62% 58.57% 0.00% -48.33% -34.27% -243.61% 438.81% -65.43%
Free Cash Flow Firm Q/Q Growth		 719.32% -480.37% -504.63% 53.96% 35.61% 27.83% 277.33% -110.56% -820.52% 26.23% -25.14%
Invested Capital Q/Q Growth		 -3.90% 6.18% 31.54% -9.16% -9.07% 1.18% 6.28% 5.11% 2.66% -2.21% 7.95%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 46.85% 47.02% 46.43% 48.94% 48.06% 15.34% 39.91% 41.93% 41.09% 40.89% 44.90%
EBIT Margin		 39.06% 40.44% 39.04% 37.97% 36.65% 14.35% 29.08% 32.50% 34.04% 34.24% 34.01%
Profit (Net Income) Margin		 31.39% 33.10% 31.55% 30.69% 29.41% 14.41% 24.17% 26.62% 27.85% 27.33% 27.66%
Tax Burden Percent		 80.35% 81.84% 80.80% 80.83% 80.23% 100.40% 83.14% 81.91% 81.82% 79.82% 81.32%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 19.65% 18.16% 19.20% 19.17% 19.77% -0.40% 16.86% 18.09% 18.18% 20.18% 18.68%
Return on Invested Capital (ROIC)		 8.72% 8.54% 8.29% 8.20% 7.48% 3.43% 5.41% 6.08% 5.76% 5.87% 5.67%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.72% 8.54% 8.29% 8.20% 7.48% 3.43% 5.41% 6.08% 5.76% 5.87% 5.67%
Return on Net Nonoperating Assets (RNNOA)		 4.47% 4.41% 6.03% 6.08% 5.05% 2.28% 4.96% 5.23% 4.41% 4.43% 4.81%
Return on Equity (ROE)		 13.19% 12.95% 14.33% 14.28% 12.52% 5.71% 10.37% 11.30% 10.17% 10.30% 10.48%
Cash Return on Invested Capital (CROIC)		 7.03% -1.68% -33.36% -12.22% -6.34% -3.10% 16.72% 2.02% -10.02% -5.77% -7.41%
Operating Return on Assets (OROA)		 1.70% 1.64% 1.81% 1.77% 1.52% 0.57% 1.25% 1.38% 1.26% 1.28% 1.27%
Return on Assets (ROA)		 1.37% 1.35% 1.46% 1.43% 1.22% 0.57% 1.04% 1.13% 1.03% 1.03% 1.04%
Return on Common Equity (ROCE)		 11.57% 11.41% 12.51% 12.44% 10.86% 4.99% 9.02% 9.84% 8.88% 9.13% 9.30%
Return on Equity Simple (ROE_SIMPLE)		 19.24% 0.00% 24.69% 24.78% 12.83% 0.00% 19.36% 18.73% 8.12% 0.00% 10.12%
Net Operating Profit after Tax (NOPAT)		 597 649 606 565 552 248 424 480 522 534 531
NOPAT Margin		 31.39% 33.10% 31.55% 30.69% 29.41% 14.41% 24.17% 26.62% 27.85% 27.33% 27.66%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 47.63% 47.63% 49.14% 49.00% 49.44% 57.18% 56.21% 53.58% 52.72% 52.71% 52.19%
Operating Expenses to Revenue		 55.36% 54.92% 56.53% 57.03% 58.07% 78.33% 64.82% 61.95% 60.30% 60.29% 60.00%
Earnings before Interest and Taxes (EBIT)		 743 793 750 699 688 247 510 586 638 669 653
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 891 922 892 901 902 264 700 756 770 799 862
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.16 1.18 0.93 0.91 0.89 1.04 1.18 1.12 1.16 1.33 1.18
Price to Tangible Book Value (P/TBV)		 2.00 1.99 1.51 1.47 1.46 1.64 1.87 1.75 1.76 2.05 1.78
Price to Revenue (P/Rev)		 2.25 2.54 1.79 1.73 1.87 2.39 2.44 2.34 2.96 3.20 2.89
Price to Earnings (P/E)		 9.21 8.67 6.68 6.50 6.42 9.70 12.26 12.35 13.94 13.12 11.38
Dividend Yield		 5.15% 4.85% 5.91% 6.05% 6.31% 5.10% 4.50% 4.70% 4.26% 3.81% 4.13%
Earnings Yield		 10.86% 11.53% 14.96% 15.37% 15.59% 10.31% 8.16% 8.10% 7.18% 7.62% 8.79%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.86 0.70 0.64 0.58 0.70 0.73 0.70 0.73 0.80 0.68
Enterprise Value to Revenue (EV/Rev)		 3.32 3.50 3.20 2.62 2.44 3.09 3.06 3.12 3.81 3.91 3.54
Enterprise Value to EBITDA (EV/EBITDA)		 6.97 7.83 6.15 4.93 5.14 7.15 6.28 6.61 13.34 9.55 8.38
Enterprise Value to EBIT (EV/EBIT)		 7.93 9.20 6.97 5.72 6.34 9.54 7.98 8.39 13.77 12.03 10.48
Enterprise Value to NOPAT (EV/NOPAT)		 12.77 11.30 11.32 9.28 7.83 11.54 14.01 14.91 16.30 14.75 12.91
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.07 6.31 8.19 7.57 5.96 8.56 8.38 9.53 0.00 15.92 14.46
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.11 0.00 0.00 0.00 0.00 0.00 4.09 35.19 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.62 0.66 1.06 0.87 0.73 0.67 0.78 0.85 0.80 0.84 0.92
Long-Term Debt to Equity		 0.59 0.55 0.69 0.78 0.69 0.64 0.77 0.84 0.76 0.83 0.88
Financial Leverage		 0.51 0.52 0.73 0.74 0.68 0.67 0.92 0.86 0.77 0.76 0.85
Leverage Ratio		 9.63 9.63 9.81 9.98 10.25 10.02 10.02 10.02 9.88 10.05 10.11
Compound Leverage Factor		 9.63 9.63 9.81 9.98 10.25 10.02 10.02 10.02 9.88 10.05 10.11
Debt to Total Capital		 38.16% 39.73% 51.49% 46.53% 42.15% 40.15% 43.76% 45.98% 44.45% 45.59% 47.80%
Short-Term Debt to Total Capital		 1.53% 6.88% 17.79% 4.77% 2.13% 1.91% 0.53% 0.52% 2.33% 0.55% 1.69%
Long-Term Debt to Total Capital		 36.62% 32.85% 33.71% 41.76% 40.03% 38.24% 43.23% 45.46% 42.11% 45.04% 46.11%
Preferred Equity to Total Capital		 7.80% 7.35% 6.41% 7.05% 7.75% 7.39% 6.95% 6.61% 6.44% 5.47% 5.07%
Noncontrolling Interests to Total Capital		 0.13% 0.13% 0.14% 0.14% 0.15% 0.14% 0.15% 0.13% 0.12% 0.12% 0.13%
Common Equity to Total Capital		 53.91% 52.79% 41.96% 46.28% 49.95% 52.32% 49.14% 47.28% 48.99% 48.83% 47.00%
Debt to EBITDA		 2.89 3.61 4.54 3.61 3.73 4.09 3.78 4.33 8.08 5.48 5.89
Net Debt to EBITDA		 1.64 1.48 2.14 1.12 0.50 0.85 0.67 1.01 1.80 1.07 0.89
Long-Term Debt to EBITDA		 2.77 2.98 2.97 3.24 3.54 3.90 3.73 4.28 7.66 5.41 5.68
Debt to NOPAT		 5.29 5.21 8.35 6.78 5.69 6.60 8.43 9.77 9.87 8.46 9.08
Net Debt to NOPAT		 3.00 2.13 3.93 2.11 0.76 1.37 1.49 2.27 2.20 1.65 1.37
Long-Term Debt to NOPAT		 5.08 4.31 5.46 6.09 5.41 6.29 8.33 9.66 9.35 8.35 8.75
Noncontrolling Interest Sharing Ratio		 12.24% 11.85% 12.69% 12.85% 13.26% 12.50% 13.05% 12.96% 12.69% 11.41% 11.25%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 545 -2,073 -12,534 -5,771 -3,716 -2,682 4,756 -502 -4,621 -3,409 -4,266
Operating Cash Flow to CapEx		 2,014.29% 2,769.39% 520.00% 1,968.75% 4,343.48% 0.00% 1,450.00% 726.19% -1,042.86% 5,496.30% 950.00%
Free Cash Flow to Firm to Interest Expense		 2.95 -5.29 -20.25 -6.57 -3.93 -2.59 4.35 -0.43 -3.84 -3.06 -4.01
Operating Cash Flow to Interest Expense		 4.57 3.46 0.21 0.72 1.06 0.00 0.42 0.26 -0.36 1.33 0.48
Operating Cash Flow Less CapEx to Interest Expense		 4.35 3.34 0.17 0.68 1.03 0.00 0.40 0.23 -0.40 1.31 0.43
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.05 0.05 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 6.71 6.25 7.34 7.44 6.70 6.50 7.34 7.34 6.53 6.79 6.93
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 27,765 29,482 38,781 35,229 32,033 32,412 34,449 36,211 37,176 36,355 39,246
Invested Capital Turnover		 0.28 0.26 0.26 0.27 0.25 0.24 0.22 0.23 0.21 0.21 0.20
Increase / (Decrease) in Invested Capital		 52 2,722 13,140 6,336 4,268 2,930 -4,332 982 5,143 3,943 4,797
Enterprise Value (EV)		 25,567 25,425 27,077 22,428 18,576 22,750 25,064 25,408 27,279 28,903 26,694
Market Capitalization		 17,363 18,425 15,142 14,792 14,235 17,620 19,948 19,101 21,155 23,631 21,821
Book Value per Share		 $10.38 $10.79 $11.28 $11.29 $11.05 $11.71 $11.69 $11.81 $12.54 $12.23 $12.69
Tangible Book Value per Share		 $6.02 $6.43 $6.95 $6.96 $6.71 $7.41 $7.38 $7.51 $8.27 $7.93 $8.41
Total Capital		 27,765 29,482 38,781 35,229 32,033 32,412 34,449 36,211 37,176 36,355 39,246
Total Debt		 10,594 11,713 19,970 16,391 13,503 13,014 15,076 16,648 16,524 16,573 18,760
Total Long-Term Debt		 10,168 9,686 13,072 14,711 12,822 12,394 14,894 16,461 15,656 16,374 18,096
Net Debt		 6,002 4,795 9,398 5,102 1,810 2,691 2,671 3,865 3,684 3,241 2,832
Capital Expenditures (CapEx)		 42 49 25 32 23 0.00 32 42 42 27 54
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 10,594 11,713 19,970 16,391 13,503 13,014 15,076 16,648 16,524 16,573 18,760
Total Depreciation and Amortization (D&A)		 148 129 142 202 214 17 190 170 132 130 209
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.39 $0.43 $0.40 $0.36 $0.35 $0.15 $0.26 $0.30 $0.33 $0.35 $0.34
Adjusted Weighted Average Basic Shares Outstanding		 1.44B 1.44B 1.44B 1.45B 1.45B 1.45B 1.45B 1.45B 1.45B 1.45B 1.45B
Adjusted Diluted Earnings per Share		 $0.39 $0.42 $0.39 $0.35 $0.35 $0.15 $0.26 $0.30 $0.33 $0.33 $0.34
Adjusted Weighted Average Diluted Shares Outstanding		 1.47B 1.47B 1.47B 1.47B 1.47B 1.47B 1.47B 1.47B 1.48B 1.48B 1.48B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.44B 1.44B 1.44B 1.45B 1.45B 1.45B 1.45B 1.45B 1.45B 1.45B 1.46B
Normalized Net Operating Profit after Tax (NOPAT)		 597 649 606 565 552 173 424 480 522 534 531
Normalized NOPAT Margin		 31.39% 33.10% 31.55% 30.69% 29.41% 10.05% 24.17% 26.62% 27.85% 27.33% 27.66%
Pre Tax Income Margin		 39.06% 40.44% 39.04% 37.97% 36.65% 14.35% 29.08% 32.50% 34.04% 34.24% 34.01%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.02 2.02 1.21 0.80 0.73 0.24 0.47 0.50 0.53 0.60 0.61
NOPAT to Interest Expense		 3.23 1.66 0.98 0.64 0.58 0.24 0.39 0.41 0.43 0.48 0.50
EBIT Less CapEx to Interest Expense		 3.79 1.90 1.17 0.76 0.70 0.24 0.44 0.47 0.50 0.58 0.56
NOPAT Less CapEx to Interest Expense		 3.00 1.53 0.94 0.61 0.56 0.24 0.36 0.38 0.40 0.45 0.45
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 30.48% 44.91% 21.83% 21.72% 43.17% 52.46% 27.86% 28.73% 0.00% 53.37% 50.17%
Augmented Payout Ratio		 30.48% 44.91% 21.83% 21.72% 43.17% 52.46% 27.86% 28.73% 0.00% 53.37% 50.17%

Key Financial Trends

Huntington Bancshares (NASDAQ: HBANM) has demonstrated steady financial performance over the past several years, with solid growth in key income and balance sheet items through Q1 2025. Here is a summary of the most notable trends and key points from the last four years of quarterly financial statements:

  • Consistent growth in net interest income: Net interest income increased from approximately $1.41 billion in Q1 2023 to $1.43 billion in Q1 2025, reflecting strong interest earning asset growth and stable margin management.
  • Steady loan portfolio expansion: Loans and leases rose from around $121.2 billion in Q1 2023 to $132.5 billion in Q1 2025, indicating ongoing growth in core lending activities.
  • Increasing deposit base: Total deposits grew consistently, with interest-bearing deposits increasing from roughly $108.5 billion in Q1 2023 to $135.1 billion in Q1 2025, supporting asset growth and funding stability.
  • Net income growth and profitability: Net income available to common shareholders increased from about $565 million in Q1 2023 to $500 million in Q1 2025 quarterly run-rate (noting slight fluctuations), with diluted EPS around $0.34 in Q1 2025.
  • Controlled credit losses: Provision for credit losses ranged between $85 million and $115 million per quarter, showing Huntington's prudent risk management in lending portfolios despite economic volatility.
  • Capital base strengthening: Total equity grew from about $17.7 billion in Q1 2023 to $20.5 billion in Q1 2025, enhancing the bank’s financial cushion and regulatory capital ratios.
  • Solid operating performance: Salaries and employee benefits expenses remained relatively stable around $640-$670 million per quarter, indicating consistent investment in workforce without sharp cost increases.
  • Non-interest income volatility: Other service charges and non-interest income fluctuated somewhat quarter to quarter, influenced by realized/unrealized capital gains and investment income, which is typical in banking operations.
  • Interest expense rising with debt levels: Interest expense increased from about $619 million in Q1 2023 to over $1 billion in Q1 2025, partly due to increased long-term and short-term debt balances driven by asset funding needs.
  • Investment securities portfolio positioning: Holdings in trading securities and investment securities have been sizeable and slightly increased, with active portfolio management impacts on interest income and cash flows.
  • Increased total non-interest expenses: The bank’s total non-interest expense grew from around $1.05 billion in Q1 2023 to $1.15 billion in Q1 2025, driven by higher occupancy, equipment expenses, and other operating costs, which could pressure profitability if not controlled.
  • Long-term debt growth and associated interest cost: Long-term debt increased from approximately $13 billion to $18 billion over the analyzed period, with interest expense rising accordingly, requiring monitoring of debt servicing impact on cash flows.
  • Fluctuations in non-interest income items: Items such as net realized and unrealized gains on investments showed some negative quarters, which, if sustained, could affect earnings stability.

Overall, Huntington Bancshares displays sound financial fundamentals with increasing assets, deposits, and income supported by prudent risk and capital management. Attention should be paid to rising non-interest expense and interest expense trends as debt levels grow, alongside typical variations in non-interest income, to assess longer-term margin pressure risks.

08/08/25 07:32 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Huntington Bancshares' Financials

When does Huntington Bancshares' financial year end?

According to the most recent income statement we have on file, Huntington Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Huntington Bancshares' net income changed over the last 9 years?

Huntington Bancshares' net income appears to be on an upward trend, with a most recent value of $1.96 billion in 2024, rising from $693 million in 2015. The previous period was $1.97 billion in 2023.

How has Huntington Bancshares' revenue changed over the last 9 years?

Over the last 9 years, Huntington Bancshares' total revenue changed from $2.99 billion in 2015 to $7.39 billion in 2024, a change of 147.0%.

How much debt does Huntington Bancshares have?

Huntington Bancshares' total liabilities were at $184.45 billion at the end of 2024, a 8.5% increase from 2023, and a 186.3% increase since 2015.

How much cash does Huntington Bancshares have?

In the past 9 years, Huntington Bancshares' cash and equivalents has ranged from $847.16 million in 2015 to $1.81 billion in 2021, and is currently $1.69 billion as of their latest financial filing in 2024.

How has Huntington Bancshares' book value per share changed over the last 9 years?

Over the last 9 years, Huntington Bancshares' book value per share changed from 8.28 in 2015 to 12.23 in 2024, a change of 47.7%.


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This page (NASDAQ:HBANL) was last updated on 8/8/2025 by MarketBeat.com Staff
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