Huntington Bancshares Incorporated

HBAN · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$27,323	$23,637	$18,420	$20,343	$22,304	$12,911	$15,574	$12,653	$15,739	$14,341	$8,886	$8,626	$8,050	$5,482	$4,742	$4,994	$1,945	$2,805	$4,441	$5,622	$5,466	$5,688	$5,162	$4,533	$4,291	$4,090	$5,619	$6,355	$6,234	$4,184	$3,304	$2,238	$2,556	$1,869	$1,216	$503	$708	$653	$599	$570	$485
Enterprise value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
P/E (TTM) at period end	13.09×	13.12×	10.14×	9.57×	19.34×	18.01×	11.65×	9.56×	14.18×	22.17×	13.44×	14.36×	13.21×	9.15×	9.20×	35.59×	–	–	59.09×	12.19×	13.26×	14.26×	13.86×	14.00×	31.83×	12.45×	13.31×	21.06×	21.30×	13.75×	13.51×	9.22×	10.79×	13.45×	10.40×	5.90×	6.56×	7.45×	12.54×	8.80×	9.24×
P/S (TTM) at period end	3.35×	3.20×	2.50×	2.80×	3.72×	2.68×	3.34×	2.81×	3.65×	4.08×	2.97×	3.06×	2.96×	1.95×	1.81×	1.88×	0.80×	1.25×	2.25×	3.56×	3.43×	3.29×	2.69×	2.17×	2.24×	2.85×	3.48×	4.35×	4.55×	3.46×	3.40×	2.26×	2.32×	2.21×	1.84×	0.87×	1.34×	–	–	–	–
P/B at period end	1.12×	1.20×	0.95×	1.15×	1.16×	0.99×	1.32×	1.14×	1.46×	1.39×	1.35×	1.36×	1.32×	0.95×	0.82×	0.92×	0.36×	0.39×	0.75×	1.86×	2.14×	2.24×	2.27×	2.07×	1.78×	1.73×	2.57×	2.96×	3.08×	2.77×	2.18×	1.58×	1.93×	1.99×	1.43×	0.64×	0.98×	–	–	–	–
EV / EBITDA (TTM)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EV / Sales (TTM)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Returns
Return on equity	8.6%	9.1%	9.4%	12.0%	6.0%	5.5%	11.3%	11.9%	10.3%	6.3%	10.0%	9.5%	10.0%	10.4%	8.9%	2.6%	(61.3%)	(2.2%)	1.3%	15.3%	16.1%	15.7%	16.4%	14.8%	5.6%	13.9%	19.3%	14.0%	14.5%	20.1%	16.1%	17.2%	17.9%	14.8%	13.7%	10.8%	15.0%	–	–	–	–
Return on invested capital	5.4%	5.7%	6.4%	8.1%	5.2%	4.0%	6.1%	6.8%	5.0%	3.4%	5.2%	5.3%	6.5%	8.5%	5.8%	3.0%	(36.4%)	(0.8%)	0.2%	5.7%	5.1%	4.3%	4.0%	4.0%	1.5%	4.9%	6.0%	4.8%	4.5%	5.0%	4.2%	5.2%	5.2%	4.8%	6.3%	5.1%	5.9%	–	–	–	–
Dividend yield	3.3%	3.8%	4.9%	4.4%	3.4%	4.8%	3.8%	4.1%	2.2%	1.7%	2.2%	1.9%	1.9%	2.5%	1.3%	0.6%	2.8%	10.0%	6.5%	4.1%	3.7%	3.0%	2.9%	3.7%	4.4%	4.5%	3.1%	2.5%	2.1%	3.0%	3.2%	3.1%	2.3%	2.4%	3.5%	7.4%	3.9%	–	–	–	–
Financial health
Current ratio	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.12×	0.12×	0.12×	0.15×	0.17×	0.04×	0.05×	0.05×	0.05×	0.06×	0.06×	0.06×	0.08×	0.05×	0.08×	0.06×	0.05×	0.07×	0.06×	0.11×	0.12×	–	–	–	–
Debt / equity	0.76×	0.84×	0.67×	0.66×	0.39×	0.66×	1.06×	0.96×	1.32×	1.16×	1.16×	1.06×	0.79×	0.51×	0.79×	1.08×	0.88×	1.13×	1.65×	2.05×	2.55×	2.97×	3.63×	3.05×	1.94×	2.25×	2.78×	2.54×	3.05×	3.64×	3.70×	2.91×	2.99×	2.96×	2.03×	2.11×	2.92×	–	–	–	–
Effective tax rate	17.1%	18.4%	17.3%	18.6%	18.5%	15.9%	14.9%	14.4%	14.9%	22.6%	24.2%	25.9%	26.2%	24.3%	24.0%	11.3%	15.9%	61.6%	(232.0%)	10.3%	24.2%	27.8%	26.4%	38.1%	(41.2%)	28.6%	31.3%	31.4%	36.3%	33.5%	35.4%	33.8%	34.9%	30.6%	29.7%	25.8%	24.8%	–	–	–	–
Share count
Diluted shares outstanding	1,505	1,476	1,468	1,465	1,287	1,033	1,056	1,106	1,136	919	817	833	844	863	868	730	533	366	303	240	233	234	232	244	250	255	261	258	234	236	226	220	233	194	181	138	119	148	150	128	110

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$9,718	$8,166	$7,385	$7,360	$7,254	$5,991	$4,815	$4,667	$4,510	$4,309	$3,519	$2,990	$2,816	$2,717	$2,817	$2,621	$2,661	$2,430	$2,239	$1,978	$1,577	$1,595	$1,726	$1,918	$2,091	$1,915	$1,436	$1,615	$1,459	$1,370	$1,209	$973	$992	$1,102	$846	$661	$578	$528	–	–	–	–
Cost of revenue	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gross profit	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($1,985)	($1,554)	($1,368)	($1,328)	($1,338)	($1,618)	($816)	($763)	($755)	($825)	($791)	($580)	($570)	($523)	($534)	($525)	($498)	($891)	($870)	($795)	($637)	($539)	($778)	($475)	($446)	($485)	($457)	($451)	($461)	($426)	($381)	–	–	–	($252)	($210)	($203)	($189)	–	–	–	–
Total operating expenses	($6,249)	($5,015)	($4,562)	($4,574)	($4,201)	($4,375)	($2,795)	($2,721)	($2,647)	($2,543)	($2,251)	($1,809)	($1,756)	($1,619)	($1,698)	($1,728)	($1,674)	($4,002)	($1,452)	($1,312)	($998)	($970)	($1,119)	($1,230)	($1,374)	($1,562)	($886)	($912)	($914)	($803)	($676)	($566)	($610)	($659)	($570)	($438)	($392)	($345)	($88)	($48)	($65)	($52)
Total costs and expenses	($6,784)	($5,478)	($4,982)	($4,976)	($4,490)	($4,400)	($3,843)	($3,008)	($2,882)	($2,915)	($2,599)	($2,076)	($1,963)	($1,848)	($1,983)	($1,914)	($2,308)	($6,108)	($2,535)	($1,955)	($1,063)	($1,051)	($1,174)	($1,394)	($1,569)	($1,820)	($976)	($1,001)	($1,019)	($911)	($752)	($594)	($625)	($738)	($646)	($495)	($463)	($385)	–	–	–	–
Operating income	$2,934	$2,688	$2,403	$2,384	$2,764	$1,591	$972	$1,659	$1,628	$1,394	$920	$914	$853	$869	$834	$707	$352	($3,678)	($296)	$23	$514	$544	$553	$524	$523	$95	$460	$615	$440	$459	$457	$378	$366	$364	$200	$166	$115	$144	$88	$48	$65	$52
Earnings
EBITDA	$3,682	$3,450	$3,025	$3,182	$3,248	$1,982	$1,339	$2,045	$2,121	$1,807	$1,300	$1,255	$1,186	$1,150	$1,108	$989	$638	($3,450)	($51)	$150	$626	$717	$859	$1,012	$1,017	$665	$571	$727	$521	$523	$549	$447	$451	$491	$270	$206	$150	$173	–	–	–	–
Interest income	$11,733	$10,310	$9,921	$8,916	$5,969	$4,191	$3,647	$4,201	$3,949	$3,433	$2,632	$2,115	$1,976	$1,861	$1,930	$1,970	$2,145	$2,238	$2,798	$2,743	$2,071	$1,642	$1,347	$1,306	$1,293	$1,655	$2,109	$2,026	$1,999	$1,982	$1,776	$1,462	$1,220	$1,091	$1,023	$1,036	$1,102	$1,020	–	–	–	–
Interest expense	($4,692)	($4,319)	($4,576)	($3,477)	($696)	($89)	($423)	($988)	($760)	($431)	($263)	($164)	($139)	($156)	($220)	($341)	($527)	($814)	($1,267)	($1,441)	($1,051)	($679)	($436)	($457)	($544)	($940)	($1,166)	($984)	($978)	($954)	($881)	($737)	($464)	($440)	($413)	($558)	($678)	($631)	–	–	–	–
Pre-tax income	$2,934	$2,688	$2,403	$2,384	$2,764	$1,591	$972	$1,659	$1,628	$1,394	$920	$914	$853	$869	$834	$719	$352	($3,678)	($296)	$23	$514	$544	$553	$524	$523	$95	$460	$615	$440	$459	$457	$378	$366	$364	$200	$166	$115	$144	–	–	–	–
Income tax expense	($520)	($459)	($443)	($413)	($515)	($294)	($155)	($248)	($235)	($208)	($208)	($221)	($221)	($227)	($202)	($173)	($40)	$584	$182	$53	($53)	($131)	($154)	($138)	($199)	$39	($131)	($193)	($138)	($166)	($153)	($134)	($124)	($127)	($61)	($49)	($30)	($36)	$88	$48	$65	$52
Net income	$2,398	$2,211	$1,940	$1,951	$2,238	$1,295	$817	$1,411	$1,393	$1,186	$712	$693	$632	$641	$631	$546	$312	($3,094)	($114)	$75	$461	$412	$399	$372	$324	$135	$328	$422	$302	$293	$304	$244	$243	$237	$139	$117	$85	$108	$88	$48	$65	$52
Per share
Diluted EPS (GAAP)	$1.29	$1.39	$1.22	$1.24	$1.45	$0.90	$0.69	$1.27	$1.20	$1.00	$0.70	$0.81	$0.72	$0.72	$0.69	$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	$1.11	$1.11	$1.02	$0.72	$0.65	$0.62	$0.91	$0.59	$0.32	$0.50	$0.48
Basic EPS (GAAP)	$1.32	$1.41	$1.24	$1.26	$1.47	$0.91	$0.71	$1.29	$1.22	$1.02	$0.72	$0.82	$0.73	$0.73	$0.70	$0.60	$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	$1.11	$1.11	$1.04	$0.73	$0.65	$0.62	$0.91	$0.60	$0.32	$0.51	$0.49
Basic shares outstanding	1,723	1,479	1,451	1,446	1,441	1,262	1,017	1,039	1,082	1,085	904	803	820	834	858	864	727	533	366	301	237	230	230	229	242	250	253	259	256	230	232	222	219	229	191	181	138	119	146	150	126	108
Margins
Gross margin	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating margin	30.2%	32.9%	32.5%	32.4%	38.1%	26.6%	20.2%	35.5%	36.1%	32.4%	26.1%	30.6%	30.3%	32.0%	29.6%	27.0%	13.2%	(151.4%)	(13.2%)	1.1%	32.6%	34.1%	32.0%	27.3%	25.0%	5.0%	32.0%	38.1%	30.2%	33.5%	37.8%	38.9%	37.0%	33.0%	23.7%	25.2%	19.9%	27.2%	–	–	–	–
Net margin	24.7%	27.1%	26.3%	26.5%	30.9%	21.6%	17.0%	30.2%	30.9%	27.5%	20.2%	23.2%	22.5%	23.6%	22.4%	20.8%	11.7%	(127.3%)	(5.1%)	3.8%	29.2%	25.8%	23.1%	19.4%	15.5%	7.0%	22.9%	26.1%	20.7%	21.4%	25.2%	25.1%	24.5%	21.5%	16.4%	17.7%	14.8%	20.4%	–	–	–	–

Analyst consensus

Hold49 analysts

Bearish · 3 · Hold · 23 · Bullish · 23

Earnings history

	EPS	Estimate
Q4 2024	$0.34	$0.30	Beat
Q1 2025	$0.34	$0.31	Beat
Q2 2025	$0.38	$0.33	Beat
Q3 2025	$0.40	$0.37	Beat
Q4 2025	$0.31	$0.33	Miss
Q1 2026	$0.25	$0.23	Beat
Q2 2026	$0.33	$0.36	Miss
Q3 2026	$0.38	$0.35	Beat

Peers

Company overview

IPO dateMar 17, 1980

CEOStephen D. Steinour

Employees25,527

SectorFinancial Services

IndustryBanks - Regional

CountryUS

ExchangeNASDAQ Global Select

Websitewww.huntington.com

Huntington Bancshares Incorporated, established in Columbus, Ohio, in 1866, operates as the bank holding company for The Huntington National Bank, providing a comprehensive suite of commercial, consumer, and mortgage banking services across the United States. Its operations are organized into four key segments. The Consumer and Business Banking segment offers essential financial products to individuals and small businesses, including checking, savings, money market, and certificate of deposit accounts, along with credit cards, various loans, and investment opportunities. This segment also facilitates mortgages, insurance, interest rate risk protection, foreign exchange, and provides convenient access through ATMs, online, mobile, and telephone banking. For larger entities, the Commercial Banking segment delivers specialized financial solutions to middle-market businesses, government and public sector organizations, and commercial real estate developers/REITs. It extends tailored services to industries such as healthcare, technology, telecommunications, franchise finance, sponsor finance, and global services, encompassing asset finance, capital raising, sales and trading, corporate risk management, institutional banking, and treasury management. The Vehicle Finance segment aids consumers in financing purchases of automobiles, light-duty trucks, recreational vehicles, and marine craft through dealerships, while also offering inventory financing for new and used vehicles to franchised dealerships. Finally, the Regional Banking and The Huntington Private Client Group segment focuses on delivering private banking, wealth and investment management, and retirement planning services. As of March 18, 2022, Huntington Bancshares maintained a significant footprint with approximately 1,000 branches operating across 11 states.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.