Revenue growth has accelerated significantly to 32.6% in 2026Q1, though operational efficiency has faced pressure as the efficiency ratio climbed to 47.1% from sub-40% levels in 2025.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Net Interest Income | 6.46B | 5.99B | 5.34B | 5.44B | 5.27B | 4.1B | 3.22B | 3.21B | 3.19B | 3B | 2.37B | 1.95B | 1.84B | 1.7B | 1.71B | 1.63B | 1.62B | 1.42B | 1.53B | 1.3B | 1.02B | 962.41M | 911.37M | 848.99M | 749.57M | 715.29M | 942.43M | 1.04B | 1.02B | 1.03B | 895.1M |
| NII Growth % | 70.02% | 12.09% | -1.73% | 3.15% | 28.55% | 27.23% | 0.34% | 0.75% | 6.23% | 26.72% | 21.42% | 6.2% | 7.78% | -0.35% | 4.99% | 0.64% | 13.66% | -7.01% | 17.69% | 27.7% | 5.9% | 5.6% | 7.35% | 13.26% | 4.79% | -24.1% | -9.54% | 2.03% | -0.59% | 14.76% | 23.53% |
| Net Interest Margin % | 2.26% | 2.66% | 2.62% | 2.87% | 2.88% | 2.36% | 2.62% | 2.95% | 2.93% | 2.88% | 2.38% | 2.75% | 2.77% | 2.87% | 3.05% | 2.99% | 3.01% | 2.76% | 2.82% | 2.38% | 2.88% | 2.94% | 2.8% | 2.78% | 2.72% | 2.51% | 3.3% | 3.59% | 3.61% | 3.84% | 4.29% |
| Interest Income | 10.91B | 10.31B | 9.92B | 8.92B | 5.97B | 4.19B | 3.65B | 4.2B | 3.95B | 3.43B | 2.63B | 2.12B | 1.98B | 1.86B | 1.93B | 1.97B | 2.15B | 2.24B | 2.8B | 2.74B | 2.07B | 1.64B | 1.35B | 1.31B | 1.29B | 1.65B | 2.11B | 2.03B | 2B | 1.98B | 1.78B |
| Interest Expense | 4.45B | 4.32B | 4.58B | 3.48B | 696M | 89M | 423M | 988M | 760M | 431M | 263M | 164M | 139.32M | 156.03M | 219.74M | 341.06M | 526.59M | 813.86M | 1.27B | 1.44B | 1.05B | 679.35M | 435.94M | 456.77M | 543.62M | 939.5M | 1.17B | 984.2M | 978.3M | 954.3M | 880.6M |
| Loan Loss Provision | 506M | 463M | 420M | 402M | 289M | 25M | 1.05B | 287M | 235M | 201M | 191M | 100M | 80.99M | 90.05M | 147.39M | 174.06M | 634.55M | 2.07B | 1.06B | 643.63M | 65.19M | 81.3M | 55.06M | 163.99M | 194.43M | 257.33M | 90.48M | 88.4M | 105.2M | 107.8M | 76.4M |
| Non-Interest Income | 2.36B | 2.17B | 2.04B | 1.86B | 1.98B | 1.89B | 1.59B | 1.45B | 1.32B | 1.3B | 1.15B | 1.04B | 979.18M | 1.01B | 1.11B | 987.01M | 1.04B | 974.28M | 682.05M | 676.6M | 557.73M | 632.28M | 814.92M | 1.07B | 1.34B | 1.2B | 493.56M | 573.58M | 438.2M | 342.8M | 314.1M |
| Non-Interest Income % | 17.81% | 17.42% | 17.06% | 17.29% | 24.92% | 31.07% | 30.37% | 25.71% | 25.07% | 27.54% | 30.39% | 32.88% | 33.13% | 35.23% | 36.43% | 33.38% | 32.69% | 30.33% | 19.6% | 19.79% | 21.22% | 27.8% | 37.69% | 45.02% | 50.92% | 42.03% | 18.97% | 22.06% | 17.98% | 14.75% | 15.03% |
| Total Revenue | 13.27B | 12.48B | 11.96B | 10.78B | 7.95B | 6.08B | 5.24B | 5.66B | 5.27B | 4.74B | 3.78B | 3.15B | 2.96B | 2.87B | 3.04B | 2.96B | 3.19B | 3.21B | 3.48B | 3.42B | 2.63B | 2.27B | 2.16B | 2.37B | 2.63B | 2.85B | 2.6B | 2.6B | 2.44B | 2.32B | 2.09B |
| Revenue Growth % | 39.01% | 4.38% | 10.96% | 35.6% | 30.76% | 16.07% | -7.37% | 7.31% | 11.23% | 25.31% | 19.99% | 6.61% | 2.88% | -5.39% | 2.68% | -7.22% | -0.78% | -7.7% | 1.78% | 30.11% | 15.58% | 5.17% | -8.96% | -9.87% | -7.7% | 9.71% | 0.1% | 6.64% | 4.87% | 11.22% | 22.19% |
| Non-Interest Expense | 5.64B | 5.01B | 4.56B | 4.52B | 4.2B | 4.38B | 2.79B | 2.72B | 2.65B | 2.71B | 2.41B | 1.97B | 1.88B | 1.76B | 1.84B | 1.73B | 1.67B | 4B | 1.45B | 1.31B | 997.65M | 969.82M | 1.12B | 1.23B | 1.37B | 1.56B | 885.62M | 912.17M | 913.9M | 803M | 675.5M |
| Efficiency Ratio | 42.48% | 40.17% | 38.14% | 41.9% | 52.84% | 71.96% | 53.36% | 48.12% | 50.23% | 57.24% | 63.66% | 62.62% | 63.69% | 61.19% | 60.46% | 58.67% | 52.52% | 124.58% | 41.73% | 38.36% | 37.96% | 42.65% | 51.73% | 51.8% | 52.15% | 54.73% | 34.04% | 35.09% | 37.49% | 34.55% | 32.32% |
| Operating Income | 2.68B | 2.69B | 2.4B | 2.38B | 2.76B | 1.59B | 972M | 1.66B | 1.63B | 1.39B | 920M | 914M | 852.99M | 868.76M | 833.58M | 707.23M | 352.31M | -3.68B | -296.01M | 22.64M | 514.06M | 543.57M | 552.67M | 523.99M | 522.71M | 95.48M | 459.89M | 614.8M | 440.2M | 459.2M | 457.3M |
| Operating Margin % | 20.17% | 21.53% | 20.09% | 22.12% | 34.77% | 26.17% | 18.56% | 29.34% | 30.89% | 29.42% | 24.33% | 29.01% | 28.86% | 30.24% | 27.45% | 23.92% | 11.05% | -114.5% | -8.51% | 0.66% | 19.56% | 23.9% | 25.56% | 22.06% | 19.84% | 3.34% | 17.67% | 23.65% | 18.06% | 19.76% | 21.88% |
| Operating Income Growth % | - | 11.86% | 0.8% | -13.75% | 73.73% | 63.68% | -41.41% | 1.9% | 16.79% | 51.52% | 0.66% | 7.15% | -1.82% | 4.22% | 17.86% | 100.74% | 109.58% | -1142.6% | -1407.28% | -95.6% | -5.43% | -1.65% | 5.47% | 0.25% | 447.47% | -79.24% | -25.2% | 39.66% | -4.14% | 0.42% | 20.82% |
| Pretax Income | 2.68B | 2.69B | 2.4B | 2.38B | 2.76B | 1.59B | 972M | 1.66B | 1.63B | 1.39B | 920M | 914M | 852.99M | 868.76M | 833.58M | 707.23M | 352.31M | -3.68B | -296.01M | 22.64M | 514.06M | 543.57M | 552.67M | 523.99M | 522.71M | 95.48M | 459.89M | 614.8M | 440.2M | 459.2M | 457.3M |
| Pretax Margin % | 20.17% | 21.53% | 20.09% | 22.12% | 34.77% | 26.17% | 18.56% | 29.34% | 30.89% | 29.42% | 24.33% | 29.01% | 28.86% | 30.24% | 27.45% | 23.92% | 11.05% | -114.5% | -8.51% | 0.66% | 19.56% | 23.9% | 25.56% | 22.06% | 19.84% | 3.34% | 17.67% | 23.65% | 18.06% | 19.76% | 21.88% |
| Income Tax | 451M | 459M | 443M | 413M | 515M | 294M | 155M | 248M | 235M | 208M | 208M | 221M | 220.59M | 227.47M | 202.29M | 164.62M | 39.96M | -584M | -182.2M | -52.53M | 52.84M | 131.48M | 153.74M | 138.29M | 198.97M | -39.32M | 131.45M | 192.7M | 138.4M | 166.5M | 153M |
| Effective Tax Rate % | 16.85% | 17.08% | 18.44% | 17.32% | 18.63% | 18.48% | 15.95% | 14.95% | 14.43% | 14.92% | 22.61% | 24.18% | 25.86% | 26.18% | 24.27% | 23.28% | 11.34% | 15.88% | 61.55% | -231.97% | 10.28% | 24.19% | 27.82% | 26.39% | 38.07% | -41.18% | 28.58% | 31.34% | 31.44% | 36.26% | 33.46% |
| Net Income | 2.21B | 2.21B | 1.94B | 1.95B | 2.24B | 1.29B | 817M | 1.41B | 1.39B | 1.19B | 712M | 692.96M | 632.39M | 641.28M | 631.29M | 542.61M | 312.35M | -3.09B | -113.81M | 75.17M | 461.22M | 412.09M | 398.93M | 372.36M | 323.73M | 134.8M | 328.45M | 422.1M | 301.8M | 292.7M | 304.3M |
| Net Margin % | 16.63% | 17.71% | 16.22% | 18.1% | 28.15% | 21.3% | 15.6% | 24.95% | 26.43% | 25.03% | 18.83% | 21.99% | 21.4% | 22.32% | 20.79% | 18.35% | 9.8% | -96.32% | -3.27% | 2.2% | 17.55% | 18.12% | 18.45% | 15.68% | 12.29% | 4.72% | 12.62% | 16.24% | 12.38% | 12.59% | 14.56% |
| Net Income Growth % | 7.76% | 13.97% | -0.56% | -12.82% | 72.82% | 58.51% | -42.1% | 1.29% | 17.45% | 66.57% | 2.75% | 9.58% | -1.39% | 1.58% | 16.34% | 73.72% | 110.09% | -2618.82% | -251.4% | -83.7% | 11.92% | 3.3% | 7.13% | 15.02% | 140.16% | -58.96% | -22.19% | 39.86% | 3.11% | -3.81% | 24.46% |
| Net Income (Continuing) | 2.23B | 2.23B | 1.96B | 1.97B | 2.25B | 1.3B | 817M | 1.41B | 1.39B | 1.19B | 712M | 693M | 632.39M | 641.28M | 631.29M | 542.61M | 312.35M | -3.09B | -113.81M | 75.17M | 461.22M | 412.09M | 398.93M | 385.69M | 323.73M | 134.8M | 328.45M | 422.1M | 301.8M | 292.7M | 304.3M |
| EPS (Diluted) | 1.16 | 1.39 | 1.22 | 1.24 | 1.45 | 0.90 | 0.69 | 1.27 | 1.20 | 1.00 | 0.67 | 0.81 | 0.72 | 0.72 | 0.71 | 0.59 | 0.19 | -6.14 | -0.44 | 0.25 | 1.92 | 1.77 | 1.71 | 1.61 | 1.33 | 0.54 | 1.29 | 1.62 | 1.17 | 1.25 | 1.29 |
| EPS Growth % | -0.76% | 13.93% | -1.61% | -14.48% | 61.11% | 30.43% | -45.67% | 5.83% | 20% | 49.25% | -17.28% | 12.5% | 0% | 1.41% | 20.34% | 210.53% | 103.09% | -1295.45% | -276% | -86.98% | 8.47% | 3.51% | 6.21% | 21.05% | 146.3% | -58.14% | -20.37% | 38.46% | -6.4% | -3.1% | 16.22% |
| EPS (Basic) | - | 1.41 | 1.24 | 1.26 | 1.47 | 0.91 | 0.70 | 1.29 | 1.22 | 1.02 | 0.69 | 0.82 | 0.73 | 0.73 | 0.71 | 0.59 | 0.19 | -6.14 | -0.44 | 0.25 | 1.95 | 1.79 | 1.74 | 1.62 | 1.34 | 0.54 | 1.30 | 1.63 | 1.18 | 1.27 | 1.31 |
| Diluted Shares Outstanding | 1.9B | 1.5B | 1.48B | 1.47B | 1.47B | 1.29B | 1.03B | 1.06B | 1.05B | 1.14B | 918.79M | 817.13M | 833.08M | 843.97M | 863.4M | 867.62M | 729.53M | 532.8M | 366.15M | 303.45M | 239.92M | 233.47M | 233.86M | 231.58M | 244.01M | 249.62M | 254.61M | 260.56M | 258.28M | 234.16M | 235.89M |
Vehicle finance credit deterioration
According to the most recent quarterly data, Huntington Bancshares achieved a significant NII expansion, with growth accelerating to 32.6% in 2026Q1, a marked improvement from the contraction observed in early 2024, suggesting successful repricing of the loan book and effective management of deposit funding costs.
The sharp uptick in NII suggests that the bank has successfully navigated the interest rate environment, likely benefiting from the repricing of its commercial loan portfolio. Investors should monitor whether this growth trajectory is sustainable or if it reflects temporary accounting adjustments that may normalize in subsequent quarters.
As reported in financial statements, the efficiency ratio deteriorated to 47.1% in 2026Q1, representing a notable departure from the sub-40% levels maintained throughout 2025, which may indicate rising operational costs or investments in digital infrastructure that are currently outpacing the bank's ability to generate incremental revenue.
The recent spike in the efficiency ratio warrants further investigation into whether this is a structural shift in the cost base or a temporary impact from strategic expansion efforts. If the ratio remains elevated, it may suggest that the bank is struggling to maintain operating leverage in a competitive regional banking landscape.
Based on reported figures, the provision for loan losses reached $158.0 million in 2026Q1, the highest level in the provided ten-quarter series, which may indicate management's proactive stance toward potential credit deterioration within the indirect auto and commercial loan portfolios as economic conditions evolve.
The increase in provision expense appears to reflect a more cautious outlook on credit quality, particularly given the bank's significant exposure to vehicle finance. Analysts should assess whether this provisioning is sufficient to cover potential losses or if it signals an underlying weakness in the credit profile of the bank's core borrowers.
As indicated by the quarterly data, non-interest income reached $682.0 million in 2026Q1, representing 18.1% of total revenue, which suggests a reliance on transactional fee streams that may be sensitive to regulatory scrutiny and broader market volatility in mortgage and SBA lending activities.
The composition of fee income remains a critical area for analysis, as the bank's dependence on gain-on-sale premiums from SBA lending introduces cyclicality into the non-interest revenue line. Investors should monitor the sustainability of these fees in light of potential regulatory changes regarding consumer service charges and overdraft policies.
Quick answers to the most common questions about buying HBAN stock.
Huntington Bancshares Incorporated (HBAN) is profitable, generating $2.21B in net income for the fiscal year ending 2025 with a net profit margin of 17.7%.
Huntington Bancshares Incorporated (HBAN) reported an operating income of $2.69B, resulting in an operating profit margin of 21.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Huntington Bancshares Incorporated (HBAN) generated $7.70B in gross profit for the year, representing a gross profit margin of 61.7%. This demonstrates the company's core pricing power and production efficiency.