NASDAQ : HBAN
Huntington Bancshares Incorporated — Financial statements
Financials · Banks - Regional · United States
Last price 15.97 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 32.19B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 8.09B | 7.48B | 6.81B | 4.82B | 3.64B | |
| Interest Income on Investments | 2.22B | 2.44B | 2.10B | 1.15B | 555.00M | |
| Total Interest Income | 10.31B | 9.92B | 8.92B | 5.97B | 4.19B | |
| Interest Paid on Deposits | 3.28B | 3.57B | 2.50B | 363.00M | 45.00M | |
| Interest Paid on Borrowings | 1.04B | 1.00B | 980.00M | 333.00M | 44.00M | |
| Total Interest Expense | 4.32B | 4.58B | 3.48B | 696.00M | 89.00M | |
| Net Interest Income | 5.99B | 5.34B | 5.44B | 5.27B | 4.10B | |
| Trust Income | 409.00M | 364.00M | 328.00M | 300.00M | 269.00M | |
| Mortgage Banking Activities | 141.00M | 130.00M | 109.00M | 144.00M | 309.00M | |
| Gain (Loss) on Sale of Investments | -69.00M | -39.00M | -20.00M | -9.00M | 1.00M | |
| Other Non-Interest Income | 1.29B | 1.23B | 1.18B | 1.19B | 983.00M | |
| Total Non-Interest Income | 2.16B | 2.02B | 1.91B | 1.97B | 1.88B | |
| Revenues Before Loan Losses | 8.15B | 7.37B | 7.35B | 7.25B | 5.98B | |
| Provision for Loan Losses | 463.00M | 420.00M | 402.00M | 289.00M | 25.00M | |
| Revenue | 7.69B | 6.95B | 6.95B | 6.96B | 5.96B | |
| Salaries and Employee Benefits | 2.81B | 2.70B | 2.53B | 2.28B | 2.20B | |
| Occupancy Expenses | 177.00M | 171.00M | 273.00M | 291.00M | 318.00M | |
| Federal Deposit Insurance | 65.00M | 114.00M | 302.00M | 67.00M | 51.00M | |
| Amortization of Goodwill & Intangibles | 46.00M | 47.00M | 50.00M | 53.00M | 48.00M | |
| Selling, General & Administrative | 1.42B | 1.21B | 1.08B | 1.17B | 1.44B | |
| Other Non-Interest Expense | 318.00M | 299.00M | 325.00M | 333.00M | 315.00M | |
| Total Non-Interest Expense | 4.84B | 4.54B | 4.56B | 4.19B | 4.37B | |
| EBT Excluding Unusual Items | 2.85B | 2.40B | 2.38B | 2.76B | 1.59B | |
| Pretax Income | 2.69B | 2.40B | 2.38B | 2.76B | 1.59B | |
| Income Tax Expense | 459.00M | 443.00M | 413.00M | 515.00M | 294.00M | |
| Earnings From Continuing Operations | 2.23B | 1.96B | 1.97B | 2.25B | 1.30B | |
| Minority Interest in Earnings | -18.00M | -20.00M | -20.00M | -11.00M | -2.00M | |
| Net Income | 2.21B | 1.94B | 1.95B | 2.24B | 1.29B | |
| Preferred Dividends & Other Adjustments | 124.00M | 139.00M | 134.00M | 113.00M | 142.00M | |
| Net Income to Common | 2.09B | 1.80B | 1.82B | 2.12B | 1.15B | |
| Basic Shares Outstanding | 1.86B | 1.48B | 1.45B | 1.45B | 1.44B | 1.26B |
| Diluted Shares Outstanding | 1.89B | 1.50B | 1.48B | 1.47B | 1.47B | 1.29B |
| EPS (Basic) | 1.25 | 1.41 | 1.24 | 1.26 | 1.47 | 0.91 |
| EPS (Diluted) | 1.22 | 1.39 | 1.22 | 1.24 | 1.45 | 0.90 |
| Dividend Per Share | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 | 0.60 |
| Effective Tax Rate | 18.24% | 17.08% | 18.44% | 17.32% | 18.63% | 18.48% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 16.82B | 13.49B | 12.85B | 10.13B | 6.70B | 5.52B |
| Investment Securities | 19.92B | 14.86B | 17.09B | 11.44B | 8.59B | 8.65B |
| Trading Asset Securities | 843.00M | 310.00M | 319.00M | 518.00M | 379.00M | 665.00M |
| Mortgage-Backed Securities | 33.25B | 29.66B | 29.47B | 32.16B | 34.17B | 34.38B |
| Total Investments | 54.01B | 44.83B | 46.88B | 44.11B | 43.15B | 43.70B |
| Gross Loans | 192.19B | 150.36B | 130.72B | 122.59B | 120.02B | 111.70B |
| Allowance for Loan Losses | -3.22B | -2.54B | -2.24B | -2.25B | -2.12B | -2.03B |
| Other Adjustments to Gross Loans | -741.00M | -721.00M | -675.00M | -610.00M | -498.00M | -430.00M |
| Net Loans | 188.23B | 147.10B | 127.80B | 119.73B | 117.40B | 109.24B |
| Property, Plant & Equipment | 2.17B | 1.66B | 1.34B | 1.37B | 1.44B | 1.48B |
| Goodwill | 9.53B | 6.00B | 5.56B | 5.56B | 5.57B | 5.35B |
| Other Intangible Assets | 866.00M | 145.00M | 96.00M | 143.00M | 195.00M | 242.00M |
| Loans Held for Sale | 1.57B | 1.42B | 654.00M | 516.00M | 529.00M | 1.68B |
| Accrued Interest Receivable | 3.25B | 2.62B | 2.19B | 1.65B | 1.57B | 1.32B |
| Other Real Estate Owned & Foreclosed | 25.00M | 14.00M | 39.00M | 44.00M | 25.00M | 34.00M |
| Other Long-Term Assets | 10.95B | 7.54B | 6.57B | 5.95B | 6.01B | 5.45B |
| Total Assets | 287.83B | 225.11B | 204.23B | 189.37B | 182.91B | 174.06B |
| Interest Bearing Deposits | 179.86B | 142.31B | 133.10B | 120.26B | 109.45B | 99.67B |
| Institutional Deposits | 3.50B | 2.09B | 220.00M | 359.00M | ||
| Non-Interest Bearing Deposits | 41.32B | 32.20B | 29.34B | 30.97B | 38.24B | 43.24B |
| Total Deposits | 224.68B | 176.61B | 162.45B | 151.23B | 147.91B | 143.26B |
| Short-Term Borrowings | 7.41B | 1.63B | 822.00M | 1.36B | 3.10B | 453.00M |
| Current Portion of Long-Term Debt | 233.00M | 719.00M | 960.00M | 1.32B | ||
| Current Portion of Leases | 72.00M | |||||
| Long-Term Debt | 14.19B | 12.47B | 11.68B | 8.51B | 8.03B | 5.08B |
| Federal Home Loan Bank Debt, Long-Term | 3.15B | 4.51B | 4.70B | 2.73B | 211.00M | 215.00M |
| Long-Term Leases | 364.00M | 380.00M | 379.00M | 401.00M | 441.00M | |
| Trust Preferred Securities | 432.00M | 482.00M | 497.00M | |||
| Other Long-Term Liabilities | 6.19B | 4.83B | 4.42B | 4.61B | 4.04B | 3.48B |
| Total Liabilities | 255.62B | 200.73B | 184.45B | 169.97B | 165.14B | 154.75B |
| Preferred Stock, Redeemable | 2.88B | 2.73B | 1.99B | 2.39B | 2.17B | 2.17B |
| Total Preferred Equity | 2.88B | 2.73B | 1.99B | 2.39B | 2.17B | 2.17B |
| Common Stock | 20.00M | 16.00M | 15.00M | 15.00M | 14.00M | 14.00M |
| Additional Paid-In Capital | 25.10B | 17.24B | 15.48B | 15.39B | 15.31B | 15.22B |
| Retained Earnings | 7.24B | 6.35B | 5.20B | 4.32B | 3.42B | 2.20B |
| Treasury Stock | -92.00M | -92.00M | -86.00M | -91.00M | -80.00M | -79.00M |
| Comprehensive Income & Other | -2.97B | -1.91B | -2.87B | -2.68B | -3.10B | -229.00M |
| Total Common Equity | 29.30B | 21.61B | 17.75B | 16.96B | 15.56B | 17.13B |
| Minority Interest | 38.00M | 37.00M | 42.00M | 45.00M | 38.00M | 21.00M |
| Shareholders' Equity | 32.22B | 24.38B | 19.78B | 19.40B | 17.77B | 19.32B |
| Total Liabilities & Equity | 287.83B | 225.11B | 204.23B | 189.37B | 182.91B | 174.06B |
| Total Debt | 24.75B | 19.29B | 17.58B | 14.13B | 13.18B | 8.00B |
| Net Cash (Debt) | -6.51B | -4.90B | -3.92B | -3.29B | -5.89B | -1.42B |
| Net Cash Per Share | -3.44 | -3.25 | -2.66 | -2.24 | -4.02 | -1.11 |
| Filing Date Shares Outstanding | 2.02B | 2.03B | 1.45B | 1.45B | 1.44B | 1.44B |
| Total Common Shares Outstanding | 2.02B | 1.57B | 1.45B | 1.45B | 1.44B | 1.44B |
| Book Value Per Share | 14.54 | 13.78 | 12.21 | 11.71 | 10.79 | 11.91 |
| Tangible Book Value | 18.91B | 15.47B | 12.09B | 11.26B | 9.80B | 11.54B |
| Tangible Book Value Per Share | 9.38 | 9.87 | 8.32 | 7.77 | 6.79 | 8.03 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.49B | 2.21B | 1.94B | 1.95B | 2.24B | 1.29B |
| Depreciation & Amortization | 743.00M | 762.00M | 622.00M | 798.00M | 484.00M | 391.00M |
| Gain (Loss) on Sale of Investments | -15.00M | 58.00M | ||||
| Provision for Credit Losses | 536.00M | 463.00M | 420.00M | 402.00M | 289.00M | 25.00M |
| Change in Trading Asset Securities | -264.00M | -10.00M | 72.00M | -106.00M | 27.00M | 16.00M |
| Change in Other Net Operating Assets | 184.00M | -648.00M | -1.31B | -233.00M | 543.00M | 337.00M |
| Other Operating Activities | -503.00M | -467.00M | -13.00M | -252.00M | 341.00M | -131.00M |
| Operating Cash Flow | 3.35B | 2.48B | 1.84B | 2.66B | 4.03B | 2.06B |
| Capital Expenditures | -428.00M | -267.00M | -143.00M | -140.00M | -214.00M | -247.00M |
| Cash Acquisitions | 2.54B | 864.00M | -223.00M | 466.00M | ||
| Investment in Securities | 1.42B | 4.83B | -3.04B | -90.00M | -3.35B | -6.71B |
| Divestitures | -618.00M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -8.98B | -11.52B | -8.54B | -2.84B | -7.90B | 3.68B |
| Other Investing Activities | -987.00M | -251.00M | -387.00M | 71.00M | 85.00M | -534.00M |
| Investing Cash Flow | -6.44B | -6.35B | -12.12B | -3.00B | -11.61B | -3.96B |
| Short-Term Debt Issued | 785.00M | 2.16B | ||||
| Long-Term Debt Issued | 2.50B | 7.66B | 14.96B | 11.00B | 775.00M | |
| Total Debt Issued | 11.63B | 3.29B | 7.66B | 14.96B | 13.16B | 775.00M |
| Short-Term Debt Repaid | -803.00M | -1.29B | -1.25B | |||
| Long-Term Debt Repaid | -2.05B | -3.56B | -12.38B | -8.02B | -3.40B | |
| Total Debt Repaid | -8.12B | -2.05B | -4.37B | -13.67B | -8.02B | -4.65B |
| Net Debt Issued (Repaid) | 3.51B | 1.23B | 3.29B | 1.29B | 5.15B | -3.87B |
| Repurchase of Common Stock | -409.00M | -650.00M | ||||
| Preferred Stock Issued | 741.00M | 317.00M | 486.00M | |||
| Preferred Share Repurchases | -410.00M | -82.00M | -700.00M | |||
| Common Dividends Paid | -1.10B | -908.00M | -903.00M | -900.00M | -897.00M | -750.00M |
| Preferred Dividends Paid | -151.00M | -108.00M | -143.00M | -134.00M | -113.00M | -138.00M |
| Total Dividends Paid | -1.26B | -1.02B | -1.05B | -1.03B | -1.01B | -888.00M |
| Net Increase (Decrease) in Deposit Accounts | 5.42B | 3.65B | 11.22B | 3.32B | 4.65B | 6.50B |
| Other Financing Activities | -97.00M | -90.00M | -56.00M | -46.00M | -25.00M | -48.00M |
| Financing Cash Flow | 7.17B | 4.51B | 13.00B | 3.77B | 8.76B | 827.00M |
| Net Cash Flow | 4.08B | 648.00M | 2.72B | 3.42B | 1.18B | -1.07B |
| Free Cash Flow | 2.92B | 2.21B | 1.69B | 2.52B | 3.81B | 1.81B |
| Free Cash Flow Margin | 28.80% | 24.37% | 36.24% | 54.82% | 30.46% | |
| Free Cash Flow Per Share | 1.54 | 1.47 | 1.15 | 1.72 | 2.60 | 1.41 |
| Cash Interest Paid | 4.92B | 4.27B | 4.55B | 3.36B | 627.00M | 185.00M |
| Cash Income Tax Paid | 216.00M | 274.00M | 123.00M | 90.00M | -109.00M | 269.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 32.20B | 27.20B | 23.64B | 18.42B | 20.34B | 22.30B |
| Last Close Price | 15.78 | 16.85 | 15.22 | 11.38 | 11.94 | 12.49 |
| PE Ratio | 13.06 | 13.03 | 13.12 | 10.14 | 9.57 | 19.34 |
| PS Ratio | 3.28 | 3.54 | 3.40 | 2.65 | 2.92 | 3.74 |
| PB Ratio | 1.09 | 1.12 | 1.20 | 0.95 | 1.15 | 1.16 |
| P/FCF Ratio | 11.04 | 12.28 | 13.96 | 7.32 | 5.33 | 12.29 |
| P/OCF Ratio | 9.63 | 10.96 | 12.87 | 6.93 | 5.05 | 10.82 |
| Debt / Equity Ratio | 0.77 | 0.79 | 0.89 | 0.73 | 0.74 | 0.41 |
| Debt / FCF Ratio | 8.47 | 8.71 | 10.38 | 5.62 | 3.46 | 4.41 |
| Net Debt / Equity Ratio | 0.20 | 0.20 | 0.20 | 0.17 | 0.33 | 0.07 |
| Net Debt / FCF Ratio | 2.23 | 2.21 | 2.32 | 1.31 | 1.54 | 0.78 |
| Return on Equity (ROE) | 9.19% | 10.10% | 10.01% | 10.61% | 12.13% | 8.03% |
| Return on Assets (ROA) | 1.01% | 1.04% | 1.00% | 1.06% | 1.26% | 0.87% |
| Earnings Yield | 7.66% | 8.13% | 8.21% | 10.59% | 11.00% | 5.81% |
| FCF Yield | 9.06% | 8.14% | 7.16% | 13.66% | 18.74% | 8.14% |
| Dividend Yield | 3.88% | 3.57% | 3.81% | 4.88% | 4.40% | 3.90% |
| Payout Ratio | 50.68% | 45.95% | 53.92% | 53.00% | 45.13% | 68.57% |
| Buyback Yield / Dilution | -27.67% | -1.92% | -0.57% | -0.19% | -13.87% | -24.60% |
| Total Shareholder Return | -23.79% | 1.65% | 3.24% | 4.68% | -9.47% | -20.70% |