Huntington Bancshares Incorporated (HBAN) 10-Year Financial Performance & Capital Metrics

HBAN • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutHuntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four 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, credit cards, and consumer and small business loans, as well as investment products. This segment also provides mortgages, insurance, interest rate risk protection, foreign exchange, automated teller machine, and treasury management services, as well as online, mobile, and telephone banking services. It serves consumer and small business customers. The Commercial Banking segment offers regional commercial banking solutions for middle market businesses, government and public sector entities, and commercial real estate developers/REITs; and specialty banking solutions for healthcare, technology and telecommunications, franchise finance, sponsor finance, and global services industries. It also provides asset finance services; capital raising solutions, sales and trading, and corporate risk management products; institutional banking services; and treasury management services. 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 offers private banking, wealth and investment management, and retirement plan services. As of March 18, 2022, the company had approximately 1,000 branches in 11 states. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.Show more

Net Interest Income $5.34B -1.7%
Total Revenue $11.96B +11.0%
Net Income $1.94B -0.6%
Return on Equity 9.9% -5.7%
Net Interest Margin 2.62% -8.9%
Efficiency Ratio 38.14% -9.0%
ROA 0.99% -6.0%
Equity / Assets 9.69% -5.4%
Book Value per Share 13.40 +1.4%
Tangible BV/Share 9.17 +2.3%
Debt/Equity 0.84 +24.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 38.1% efficiency ratio
✓Healthy dividend yield of 3.4%
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15%

5Y16.16%

3Y25.3%

TTM-

Profit (Net Income) CAGR

10Y11.86%

5Y6.57%

3Y14.42%

TTM34.42%

EPS CAGR

10Y5.42%

5Y-0.8%

3Y10.67%

TTM37.5%

ROCE

10Y Avg6.69%

5Y Avg6.29%

3Y Avg7.19%

Latest6.08%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	1.95B	2.37B	3B	3.19B	3.21B	3.22B	4.1B	5.27B	5.44B	5.34B
NII Growth %	0.06%	0.21%	0.27%	0.06%	0.01%	0%	0.27%	0.29%	0.03%	-0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	2.12B	2.63B	3.43B	3.95B	4.2B	3.65B	4.19B	5.97B	8.92B	9.92B
Interest Expense	164M	263M	431M	760M	988M	423M	89M	696M	3.48B	4.58B
Loan Loss Provision	100M	191M	201M	235M	287M	1.05B	25M	289M	402M	420M
Non-Interest Income+	1.04B	1.15B	1.3B	1.32B	1.45B	1.59B	1.89B	1.98B	1.86B	2.04B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	3.15B	3.78B	4.74B	5.27B	5.66B	5.24B	6.08B	7.95B	10.78B	11.96B
Revenue Growth %	0.07%	0.2%	0.25%	0.11%	0.07%	-0.07%	0.16%	0.31%	0.36%	0.11%
Non-Interest Expense	1.97B	2.41B	2.71B	2.65B	2.72B	2.79B	4.38B	4.2B	4.52B	4.56B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	914M	920M	1.39B	1.63B	1.66B	972M	1.59B	2.76B	2.38B	2.4B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.07%	0.01%	0.52%	0.17%	0.02%	-0.41%	0.64%	0.74%	-0.14%	0.01%
Pretax Income+	914M	920M	1.39B	1.63B	1.66B	972M	1.59B	2.76B	2.38B	2.4B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	221M	208M	208M	235M	248M	155M	294M	515M	413M	443M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	692.96M	712M	1.19B	1.39B	1.41B	817M	1.29B	2.24B	1.95B	1.94B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.1%	0.03%	0.67%	0.17%	0.01%	-0.42%	0.59%	0.73%	-0.13%	-0.01%
Net Income (Continuing)	693M	712M	1.19B	1.39B	1.41B	817M	1.3B	2.25B	1.97B	1.96B
EPS (Diluted)+	0.81	0.67	1.00	1.20	1.27	0.69	0.90	1.45	1.24	1.22
EPS Growth %	0.13%	-0.17%	0.49%	0.2%	0.06%	-0.46%	0.3%	0.61%	-0.14%	-0.02%
EPS (Basic)	0.82	0.69	1.02	1.22	1.29	0.70	0.91	1.47	1.26	1.24
Diluted Shares Outstanding	817.13M	918.79M	1.14B	1.05B	1.06B	1.03B	1.29B	1.47B	1.47B	1.48B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	898.99M	1.44B	1.57B	2.73B	1.27B	6.71B	5.91B	6.92B	10.32B	13.33B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	65.15B	90.21B	93.89B	97.3B	98.77B	104.31B	146.95B	153.25B	156.17B	166.76B
Investments Growth %	0.08%	0.38%	0.04%	0.04%	0.02%	0.06%	0.41%	0.04%	0.02%	0.07%
Long-Term Investments	64.48B	89.42B	79.02B	97.11B	98.54B	104.01B	146.57B	152.74B	152.79B	162.88B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	676.87M	1.99B	1.99B	1.99B	1.99B	1.99B	5.35B	5.57B	5.56B	5.56B
Intangible Assets	244.22M	628M	584M	535M	475M	428M	611M	712M	672M	677M
PP&E (Net)	620.54M	816M	864M	790M	763M	757M	1.16B	1.16B	1.11B	1.07B
Other Assets	1.79B	2.56B	3.13B	5.44B	5.73B	6.68B	7.8B	8.53B	8.71B	9.26B
Total Current Assets	3.21B	4.29B	18.67B	2.91B	1.5B	9.18B	12.61B	14.22B	20.52B	24.84B
Total Non-Current Assets	67.81B	95.42B	85.6B	105.87B	107.5B	113.86B	161.5B	168.7B	168.85B	179.44B
Total Assets+	71.02B	99.71B	104.19B	108.78B	109B	123.04B	174.06B	182.91B	189.37B	204.23B
Asset Growth %	0.07%	0.4%	0.04%	0.04%	0%	0.13%	0.41%	0.05%	0.04%	0.08%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	7.66B	12B	14.26B	10.64B	12.46B	8.54B	7.44B	11.71B	13.01B	16.57B
Net Debt	6.76B	10.56B	12.7B	7.92B	11.18B	1.82B	1.53B	4.79B	2.69B	3.24B
Long-Term Debt	7.04B	8.31B	9.21B	8.63B	9.85B	8.35B	7.11B	9.69B	12.39B	16.37B
Short-Term Debt	615.28M	3.69B	5.06B	2.02B	2.61B	183M	334M	2.03B	620M	199M
Other Liabilities	0	0	0	2.26B	2.4B	2.56B	4.04B	5.51B	5.73B	5.43B
Total Current Liabilities	57.38B	81.1B	84.17B	86.79B	84.95B	99.13B	143.6B	149.94B	151.85B	162.65B
Total Non-Current Liabilities	7.04B	8.31B	9.21B	10.89B	12.25B	10.91B	11.15B	15.2B	18.12B	21.8B
Total Liabilities	64.42B	89.41B	93.37B	97.68B	97.21B	110.05B	154.75B	165.14B	169.97B	184.45B
Total Equity+	6.59B	10.31B	10.81B	11.1B	11.79B	12.99B	19.32B	17.77B	19.4B	19.78B
Equity Growth %	0.04%	0.56%	0.05%	0.03%	0.06%	0.1%	0.49%	-0.08%	0.09%	0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.08%	0.11%	0.13%	0.12%	0.07%	0.08%	0.12%	0.1%	0.1%
Book Value per Share	8.07	11.22	9.52	10.61	11.17	12.58	15.01	12.13	13.21	13.40
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	7.97M	11M	11M	11M	10M	10M	14M	14M	15M	15M
Additional Paid-in Capital	7.04B	9.88B	9.71B	9.18B	8.81B	8.78B	15.22B	15.31B	15.39B	15.48B
Retained Earnings	-594.07M	-227M	588M	1.36B	2.09B	1.88B	2.2B	3.42B	4.32B	5.2B
Accumulated OCI	-226.16M	-401M	-528M	-609M	-256M	192M	-229M	-3.1B	-2.68B	-2.87B
Treasury Stock	-17.93M	-27M	-35M	-45M	-56M	-59M	-79M	-80M	-91M	-86M
Preferred Stock	386.29M	1.07B	1.07B	1.2B	1.2B	2.19B	2.17B	2.17B	2.39B	1.99B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.03B	1.22B	1.95B	1.73B	1.57B	1.32B	2.06B	4.03B	2.66B	1.81B
Operating CF Growth %	0.16%	0.18%	0.61%	-0.12%	-0.09%	-0.16%	0.56%	0.95%	-0.34%	-0.32%
Net Income	692.96M	711.82M	1.19B	1.39B	1.41B	817M	1.3B	2.25B	1.97B	1.96B
Depreciation & Amortization	341M	379.77M	413M	493M	386M	367M	391M	484M	798M	622M
Deferred Taxes	68.78M	164.75M	168M	63M	23M	-93M	-76M	319M	-302M	-26M
Other Non-Cash Items	99M	190.89M	223M	224M	316M	1.05B	-16M	300M	432M	413M
Working Capital Changes	-220M	-299M	-128M	-525M	-645M	-891M	337M	570M	-339M	-1.26B
Cash from Investing+	-4.93B	-3.44B	-4.87B	-3.66B	-1.88B	-8.64B	-3.96B	-11.61B	-3B	-12.12B
Purchase of Investments	-4.89B	-11.14B	-6.79B	-2.82B	-7.55B	-11.17B	-24.84B	-11.42B	-5.85B	-16.23B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-458M	-613M	0	-15M	-548M	0	-152M	-223M	0	0
Other Investing	-2.16B	-1.3B	-3.42B	-4.99B	-715M	-6.48B	3.86B	-7.49B	-2.74B	-9.19B
Cash from Financing+	3.52B	2.77B	3.05B	3.09B	-1.2B	12.74B	827M	8.76B	3.77B	13.02B
Dividends Paid	-225M	-299M	-425M	-584M	-671M	-698M	-888M	-1.01B	-1.03B	-1.05B
Share Repurchases	-252M	2.77B	-260M	-939M	-441M	-92M	-1.35B	0	-82M	-410M
Stock Issued	0	584.94M	0	0	0	0	486M	0	317M	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	1000K
Other Financing	3.62B	-271M	1.42B	7.71B	-1.73B	16.58B	6.45B	4.63B	3.27B	11.16B
Net Change in Cash+	-374M	537.61M	135M	1.15B	-1.5B	5.42B	-1.07B	1.18B	3.42B	2.72B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	1.22B	847.16M	1.39B	1.52B	2.67B	1.17B	6.59B	5.52B	6.7B	10.13B
Cash at End	847.16M	1.38B	1.52B	2.67B	1.17B	6.59B	5.52B	6.7B	10.13B	12.85B
Interest Paid	150M	241M	409M	742M	989M	453M	185M	627M	3.36B	4.55B
Income Taxes Paid	154M	5M	84M	0	111M	81M	269M	0	90M	123M
Free Cash Flow+	940M	1.09B	1.76B	1.62B	1.47B	1.2B	1.81B	3.81B	2.52B	1.67B
FCF Growth %	0.13%	0.16%	0.61%	-0.08%	-0.09%	-0.18%	0.51%	1.1%	-0.34%	-0.34%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.72%	8.42%	11.23%	12.71%	12.32%	6.59%	8.02%	12.07%	10.5%	9.9%
Return on Assets (ROA)	1.01%	0.83%	1.16%	1.31%	1.3%	0.7%	0.87%	1.25%	1.05%	0.99%
Net Interest Margin	2.75%	2.38%	2.88%	2.93%	2.95%	2.62%	2.36%	2.88%	2.87%	2.62%
Efficiency Ratio	62.62%	63.66%	57.24%	50.23%	48.12%	53.36%	71.96%	52.84%	41.9%	38.14%
Equity / Assets	9.29%	10.34%	10.38%	10.21%	10.82%	10.56%	11.1%	9.71%	10.24%	9.69%
Book Value / Share	8.07	11.22	9.52	10.61	11.17	12.58	15.01	12.13	13.21	13.4
NII Growth	6.2%	21.42%	26.72%	6.23%	0.75%	0.34%	27.23%	28.55%	3.15%	-1.73%
Dividend Payout	27.85%	34.41%	29.43%	36.9%	42.31%	75.15%	57.92%	40.08%	46.13%	46.55%

Revenue by Segment

	2021	2022	2023	2024
Service Charges Revenue	372M	384M	211M	227M
Service Charges Revenue Growth	-	3.23%	-45.05%	7.58%
Insurance Revenue	-	117M	74M	77M
Insurance Revenue Growth	-	-	-36.75%	4.05%
Leasing Revenue	-	-	51M	30M
Leasing Revenue Growth	-	-	-	-41.18%
Other Revenue	-	121M	68M	10M
Other Revenue Growth	-	-	-43.80%	-85.29%
Cards And Payment Processing Revenue	311M	348M	-	-
Cards And Payment Processing Revenue Growth	-	11.90%	-	-
Trust And Investment Management Services Revenue	232M	249M	-	-
Trust And Investment Management Services Revenue Growth	-	7.33%	-	-

Frequently Asked Questions

Valuation & Price

Huntington Bancshares Incorporated (HBAN) has a price-to-earnings (P/E) ratio of 14.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Huntington Bancshares Incorporated (HBAN) grew revenue by 11.0% over the past year. This is steady growth.

Yes, Huntington Bancshares Incorporated (HBAN) is profitable, generating $2.22B in net income for fiscal year 2024 (16.2% net margin).

Dividend & Returns

Yes, Huntington Bancshares Incorporated (HBAN) pays a dividend with a yield of 3.41%. This makes it attractive for income-focused investors.

Huntington Bancshares Incorporated (HBAN) has a return on equity (ROE) of 9.9%. This is below average, suggesting room for improvement.

Industry Metrics

Huntington Bancshares Incorporated (HBAN) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Huntington Bancshares Incorporated (HBAN) has an efficiency ratio of 38.1%. This is excellent, indicating strong cost control.

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