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Complete financial analysis of Huntington Bancshares Incorporated (HBANN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Huntington Bancshares Incorporated, a leading company in the Banks – Regional industry within the Financial Services sector.
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Huntington Bancshares Incorporated (HBANN)
About Huntington Bancshares Incorporated
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, mortgage loans, credit cards, and small business loans, as well as investment products. It also provides insurance, interest rate risk protection, foreign exchange, and treasury management services, as well as online, mobile, and telephone banking services. The Commercial Banking segment offers banking solutions and asset finance services; corporate risk management services; institutional sales, trading, and underwriting services; institutional corporate banking services; treasury management services; and other financing solutions, as well as lends real estate developers, REITs, and other customers. The Vehicle Finance segment provides financing to consumers for the purchase of automobiles, light-duty trucks, recreational vehicles, and marine craft at franchised and other select dealerships, as well as to franchised dealerships for the acquisition of new and used inventory. The RBHPCG segment provides deposits, lending, banking, wealth management, investment and portfolio management, fiduciary administration, trust, retirement plan, and institutional and mutual fund custody services. As of January 23, 2020, the company operated through 868 full-service branches, including 12 private client group offices, and 1,448 automated teller machines located in 7 Midwestern states. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.95B | 7.25B | 5.99B | 4.82B | 4.67B | 4.51B | 4.31B | 3.52B | 2.99B | 2.82B | 2.70B | 2.81B | 2.61B | 2.66B | 2.43B | 2.24B | 1.98B | 1.57B | 1.59B | 1.73B | 1.92B | 1.67B | 1.51B | 1.44B | 1.62B | 1.46B | 1.37B | 1.03B | 973.00M | 991.50M | 1.10B | 846.40M | 661.20M | 577.50M | 528.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 5.97B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 6.95B | 1.29B | 5.99B | 4.82B | 4.67B | 4.51B | 4.31B | 3.52B | 2.99B | 2.82B | 2.70B | 2.81B | 2.61B | 2.66B | 2.43B | 2.24B | 1.98B | 1.57B | 1.59B | 1.73B | 1.92B | 1.67B | 1.51B | 1.44B | 1.62B | 1.46B | 1.37B | 1.03B | 973.00M | 991.50M | 1.10B | 846.40M | 661.20M | 577.50M | 528.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 17.71% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.83B | 2.47B | 2.39B | 1.72B | 1.69B | 1.62B | 1.60B | 1.40B | 1.17B | 1.10B | 1.05B | 1.06B | 990.24M | 933.56M | 897.13M | 858.71M | 729.58M | 605.63M | 481.66M | 485.81M | 447.26M | 440.76M | 478.64M | 421.75M | 419.90M | 428.60M | 388.80M | 0.00 | 0.00 | 0.00 | 0.00 | 240.20M | 201.00M | 182.70M | 163.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 115.00M | 91.00M | 89.00M | 38.00M | 37.00M | 53.00M | 60.00M | 62.96M | 52.21M | 50.56M | 51.19M | 64.26M | 75.63M | 65.92M | 33.05M | 32.66M | 46.04M | 31.73M | 28.08M | 26.49M | 27.49M | 27.91M | 31.06M | 34.88M | 31.10M | 32.30M | 24.70M | 0.00 | 0.00 | 0.00 | 0.00 | 12.20M | 9.20M | 20.20M | 25.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 2.95B | 2.56B | 2.48B | 1.76B | 1.73B | 1.68B | 1.66B | 1.47B | 1.22B | 1.15B | 1.10B | 1.12B | 1.07B | 999.48M | 930.18M | 891.37M | 775.62M | 637.36M | 509.74M | 512.30M | 474.75M | 468.67M | 509.70M | 456.63M | 451.00M | 460.90M | 413.50M | 0.00 | 0.00 | 0.00 | 0.00 | 252.40M | 210.20M | 202.90M | 188.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 4.41B | -1.23B | -6.88B | -5.61B | -4.73B | -3.80B | -807.00M | -741.43M | 0.00 | 0.00 | 0.00 | 0.00 | 7.36M | 13.72M | 59.06M | -3.43B | -2.73B | -1.69B | -1.56B | -1.69B | -1.88B | -1.55B | -1.84B | -1.43B | -1.45B | -1.48B | -1.32B | -633.00M | -594.50M | -625.00M | -738.20M | -898.40M | -705.00M | -665.60M | -573.70M | 87.60M | 47.80M | 64.70M | 52.50M |
| Operating Expenses | 7.36B | 91.00M | -4.40B | -3.84B | -3.01B | -2.12B | 807.00M | 741.43M | 1.98B | 1.88B | 1.76B | 1.82B | 1.07B | 1.01B | 989.24M | -2.53B | -1.96B | -1.06B | -1.05B | -1.18B | -1.41B | -1.08B | -1.33B | -976.10M | -1.00B | -1.02B | -910.80M | -633.00M | -594.50M | -625.00M | -738.20M | -646.00M | -494.80M | -462.70M | -384.90M | 87.60M | 47.80M | 64.70M | 52.50M |
| Cost & Expenses | 7.36B | 91.00M | -4.40B | -3.84B | -3.01B | -2.12B | 3.33B | 2.86B | 1.98B | 1.88B | 1.76B | 1.82B | 1.07B | 1.01B | 989.24M | -2.53B | -1.96B | -1.06B | -1.05B | -1.18B | -1.41B | -1.08B | -1.33B | -976.10M | -1.00B | -1.02B | -910.80M | -633.00M | -594.50M | -625.00M | -738.20M | -646.00M | -494.80M | -462.70M | -384.90M | 87.60M | 47.80M | 64.70M | 52.50M |
| Interest Income | 8.92B | 5.97B | 4.19B | 3.65B | 4.20B | 3.95B | 3.43B | 2.63B | 2.11B | 1.98B | 1.86B | 1.93B | 1.97B | 2.15B | 2.24B | 2.80B | 2.74B | 2.07B | 1.64B | 1.35B | 1.31B | 1.53B | 1.94B | 2.11B | 2.03B | 2.00B | 1.98B | 1.51B | 1.46B | 1.22B | 1.09B | 1.02B | 1.04B | 1.10B | 1.02B | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 3.48B | 696.00M | 89.00M | 423.00M | 988.00M | 760.00M | 431.00M | 262.80M | 163.78M | 139.32M | 156.03M | 219.74M | 341.06M | 526.59M | 813.86M | 1.27B | 1.44B | 1.05B | 679.35M | 435.94M | 456.77M | 547.78M | 943.34M | 1.17B | 984.20M | 978.30M | 954.30M | 751.70M | 737.30M | 463.70M | 440.00M | 412.60M | 558.20M | 678.40M | 631.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 0.00 | 280.00M | 267.00M | 160.00M | 165.00M | 183.00M | 179.00M | 156.31M | 27.87M | 39.28M | 41.36M | 46.55M | 53.32M | 60.48M | 68.31M | 76.89M | 127.26M | 111.65M | 191.34M | 325.13M | 488.09M | 58.13M | 101.23M | 110.91M | 112.50M | 81.00M | 63.40M | 85.60M | 68.80M | 84.20M | 127.50M | 69.10M | 39.70M | 35.70M | 29.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 3.25B | 1.98B | 1.34B | 2.05B | 2.12B | 1.81B | 1.30B | 1.25B | 1.19B | 1.15B | 1.10B | 989.34M | 412.79M | -3.45B | -167.97M | 149.90M | 625.71M | 734.91M | 1.03B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 87.60M | 47.80M | 64.70M | 52.50M |
| EBITDA Ratio | 0.00% | 54.22% | 28.01% | 21.04% | 36.60% | 63.88% | 33.65% | 25.82% | 31.49% | 31.68% | 33.15% | 31.04% | 29.14% | 15.51% | -148.56% | -9.79% | 7.58% | 39.87% | 46.08% | 50.74% | 52.07% | 38.80% | 18.23% | 39.75% | 45.02% | 35.72% | 38.15% | 46.95% | 45.97% | 45.46% | 44.58% | 31.84% | 31.17% | 26.06% | 32.79% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 2.38B | 3.84B | 1.59B | 972.00M | 1.66B | 2.39B | 1.39B | 878.18M | 913.61M | 852.99M | 854.56M | 825.12M | 707.23M | 352.31M | -3.68B | -296.01M | 22.64M | 514.06M | 543.57M | 552.67M | 510.66M | 589.23M | 173.28M | 459.90M | 614.80M | 440.20M | 459.20M | 398.80M | 378.50M | 366.50M | 363.80M | 200.40M | 166.40M | 114.80M | 143.60M | 87.60M | 47.80M | 64.70M | 52.50M |
| Operating Income Ratio | 34.33% | 52.87% | 26.52% | 20.19% | 35.55% | 52.95% | 32.35% | 24.95% | 30.56% | 30.29% | 31.62% | 29.38% | 27.10% | 13.24% | -151.37% | -13.22% | 1.14% | 32.75% | 34.09% | 31.95% | 26.62% | 35.31% | 11.51% | 32.03% | 38.06% | 30.17% | 33.52% | 38.65% | 38.90% | 36.96% | 33.01% | 23.68% | 25.17% | 19.88% | 27.17% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 0.00 | -534.00M | -414.00M | -283.00M | -300.00M | -337.00M | -510.00M | -534.83M | -293.40M | -305.47M | -221.49M | -134.83M | 2.33M | 306.35M | -228.04M | 0.00 | -127.26M | -111.65M | 0.00 | -13.19M | 13.33M | -1.04B | -1.51B | -1.28B | -1.10B | -1.06B | -1.02B | -972.50M | -806.10M | -547.90M | -567.50M | -481.70M | -597.90M | -714.10M | -660.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 2.38B | 2.76B | 1.59B | 972.00M | 1.66B | 1.63B | 1.39B | 878.18M | 913.61M | 852.99M | 854.56M | 825.12M | 707.23M | 352.31M | -3.68B | -296.01M | 22.64M | 514.06M | 543.57M | 552.67M | 523.99M | 589.23M | 173.28M | 459.90M | 614.80M | 440.20M | 459.20M | 398.80M | 378.50M | 366.50M | 363.80M | 200.40M | 166.40M | 114.80M | 143.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 34.33% | 38.10% | 26.56% | 20.19% | 35.55% | 36.10% | 32.35% | 24.95% | 30.56% | 30.29% | 31.62% | 29.38% | 27.10% | 13.24% | -151.37% | -13.22% | 1.14% | 32.75% | 34.09% | 31.95% | 27.32% | 35.31% | 11.51% | 32.03% | 38.06% | 30.17% | 33.52% | 38.65% | 38.90% | 36.96% | 33.01% | 23.68% | 25.17% | 19.88% | 27.17% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 413.00M | 515.00M | 294.00M | 155.00M | 248.00M | 235.00M | 208.00M | 193.05M | 220.65M | 220.59M | 215.81M | 184.10M | 164.62M | 39.96M | -584.00M | -182.20M | -52.53M | 52.84M | 131.48M | 153.74M | 138.29M | 226.00M | -5.24M | 131.45M | 192.70M | 138.40M | 166.50M | 136.70M | 134.00M | 123.90M | 126.90M | 61.40M | 49.40M | 29.60M | 35.60M | -87.60M | -47.80M | -64.70M | -52.50M |
| Net Income | 1.95B | 2.24B | 1.30B | 817.00M | 1.41B | 1.39B | 1.19B | 685.12M | 692.96M | 632.39M | 638.74M | 641.02M | 542.61M | 312.35M | -3.09B | -113.81M | 75.17M | 461.22M | 412.09M | 398.93M | 372.36M | 363.23M | 178.52M | 328.45M | 422.10M | 301.80M | 292.70M | 262.10M | 244.50M | 242.60M | 236.90M | 139.00M | 117.00M | 85.20M | 108.00M | 87.60M | 47.80M | 64.70M | 52.50M |
| Net Income Ratio | 28.09% | 30.85% | 21.62% | 16.97% | 30.23% | 30.89% | 27.52% | 19.47% | 23.18% | 22.45% | 23.63% | 22.83% | 20.79% | 11.74% | -127.34% | -5.08% | 3.80% | 29.39% | 25.84% | 23.06% | 19.41% | 21.77% | 11.86% | 22.87% | 26.13% | 20.68% | 21.36% | 25.40% | 25.13% | 24.47% | 21.50% | 16.42% | 17.70% | 14.75% | 20.44% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 1.26 | 1.47 | 0.91 | 0.70 | 1.29 | 1.33 | 1.02 | 0.69 | 0.82 | 0.73 | 0.73 | 0.71 | 0.59 | 0.19 | -5.81 | -0.31 | 0.25 | 1.95 | 1.79 | 1.74 | 1.62 | 1.34 | 0.54 | 1.30 | 1.63 | 1.18 | 1.27 | 1.31 | 1.11 | 1.11 | 1.04 | 0.73 | 0.65 | 0.62 | 0.91 | 0.60 | 0.32 | 0.51 | 0.49 |
| EPS Diluted | 1.24 | 1.45 | 0.90 | 0.69 | 1.27 | 1.33 | 1.00 | 0.67 | 0.81 | 0.72 | 0.72 | 0.71 | 0.59 | 0.19 | -5.81 | -0.31 | 0.25 | 1.92 | 1.77 | 1.71 | 1.61 | 1.33 | 0.54 | 1.29 | 1.62 | 1.17 | 1.25 | 1.29 | 1.11 | 1.11 | 1.02 | 0.72 | 0.65 | 0.62 | 0.91 | 0.59 | 0.32 | 0.50 | 0.48 |
| Weighted Avg Shares Out | 1.45B | 1.44B | 1.26B | 1.02B | 1.04B | 1.05B | 1.08B | 904.44M | 803.41M | 819.92M | 834.21M | 857.96M | 863.69M | 726.93M | 532.80M | 366.16M | 300.91M | 236.70M | 230.14M | 229.91M | 229.40M | 242.28M | 249.62M | 252.65M | 258.96M | 255.83M | 230.47M | 232.29M | 221.77M | 219.37M | 228.61M | 191.14M | 181.29M | 137.84M | 118.81M | 146.01M | 150.24M | 126.01M | 107.81M |
| Weighted Avg Shares Out (Dil) | 1.47B | 1.47B | 1.29B | 1.03B | 1.06B | 1.05B | 1.14B | 918.79M | 817.13M | 833.08M | 843.97M | 863.40M | 867.62M | 729.53M | 532.80M | 366.16M | 303.46M | 239.92M | 233.48M | 233.86M | 231.58M | 244.01M | 249.62M | 254.61M | 260.56M | 258.28M | 234.16M | 235.89M | 226.34M | 220.14M | 232.69M | 193.56M | 181.29M | 137.84M | 118.81M | 148.26M | 150.24M | 128.35M | 110.01M |
Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Gateway Investment Advisers LLC
Gateway Investment Advisers LLC lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.9% during the first quarter, Holdings Channel reports. The fund owned 1,064,561 shares of the bank’s stock after purchasing an additional 9,647 shares during the...
AMF Pensionsforsakring AB Makes New $7.99 Million Investment in Huntington Bancshares Incorporated (NASDAQ:HBAN)
AMF Pensionsforsakring AB bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 972,743 shares of the bank’s stock, valued at...
Analysts Offer Insights on Financial Companies: Welltower (WELL) and Ally Financial (ALLY)
Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Welltower (WELL) and Ally Financial (ALLY). Welltower
The PPP Will Drive Huntington Bancshares Significantly Higher This Year
Huntington Bancshares, like all banks, has been beaten down over the past couple of months. As the number one lender in SBA loans by volume, the bank stands to
Barclays Reiterates "Hold" Rating for Huntington Bancshares (NASDAQ:HBAN)
Barclays reiterated their hold rating on shares of Huntington Bancshares (NASDAQ:HBAN) in a research report report published on Thursday morning, AnalystRatings.com reports. Barclays currently has a $12.00 price target on the bank’s stock. Several other brokerages have also recently commented...
BKD Wealth Advisors LLC Purchases New Shares in Huntington Bancshares Incorporated (NASDAQ:HBAN)
BKD Wealth Advisors LLC purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the first quarter, HoldingsChannel.com reports. The firm purchased 17,656 shares of the bank’s stock, valued at approximately $145,000. A number of other institutional investors...
IBM Retirement Fund Buys 8,873 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)
IBM Retirement Fund increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 58.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 24,082 shares of the bank’s stock after purchasing an additional 8,873 shares during the quarter....
Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives $13.68 Consensus PT from Analysts
Huntington Bancshares Incorporated (NASDAQ:HBAN) has been assigned an average rating of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and...
Huntington Bancshares (NASDAQ:HBAN) Upgraded by BidaskClub to Sell
Huntington Bancshares (NASDAQ:HBAN) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday, BidAskClub reports. Several other research analysts have also commented on the company. Robert W....
AQR Capital Management LLC Purchases 3,115 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)
AQR Capital Management LLC boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,965...
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