HUNTINGTON BANCSHARES INC /MD/

10-K & 10-Q Filings

Huntington Bancshares Incorporated is a multi-state diversified regional bank holding company headquartered in Columbus, Ohio. The company was organized under Maryland law in 1966 and provides full-service commercial and consumer deposit, lending, and other banking services through its subsidiary, The Huntington National Bank. The business model emphasizes delivering a complete set of banking products and services, local delivery, and exceptional customer service. Huntington's business strategy focuses on a "Fair Play" banking philosophy, which provides differentiated products and services built on a strong foundation of customer-friendly practices. The company has two business segments: Consumer & Regional Banking and Commercial Banking. Consumer & Regional Banking offers a wide array of financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. Commercial Banking provides expertise, capabilities, and digital channels to serve mid-market to large corporates across a national footprint. The segment includes Middle Market Banking, Corporate, Specialty, and Government Banking, Asset Finance, Commercial Real Estate Banking, and Capital Markets. The company's website is www.huntington.com, and its stock is traded on the Nasdaq Global Select Market under the ticker symbol HBAN.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$1455.11
1563.14
1614.56
1756.15
1850.78
2178.52
2801.00
2954.00
2926.00
2176.00
4077.00
4984.00
5037.00
1324.00
1180.00
10.90%-10.88%Net Interest Income (+)
$1629.17
1710.52
1704.61
1837.14
1950.74
2369.32
3002.00
3189.00
3213.00
3224.00
2188.00
5273.00
5439.00
1409.00
1287.00
10.57%-8.66%Interest Expense (-)
$341.06
219.74
156.03
139.32
82.17
262.80
431.00
760.00
988.00
423.00
89.00
696.00
3477.00
619.00
1093.00
21.35%76.58%Non Interest Income (+)
$-174.06
-147.39
-90.04
-80.99
-99.95
-190.80
-201.00
-235.00
-287.00
-1048.00
1889.00
-289.00
-402.00
-85.00
-107.00
-25.88%Selling, General & Administrative (-)
$75.63
64.26
51.19
50.56
52.21
62.96
60.00
53.00
37.00
38.00
89.00
91.00
115.00
16.00
57.00
3.55%256.25%Marketing Expenses (-)
$75.63
64.26
51.19
50.56
52.21
62.96
60.00
53.00
37.00
38.00
89.00
91.00
115.00
16.00
57.00
3.55%256.25%Depreciation & Amortization (-)
$53.32
46.55
41.36
39.28
27.87
30.46
56.00
53.00
49.00
41.00
92.00
98.00
77.00
28.00
16.00
3.11%-42.86%Non-recurring Operating Expenses (-)
$
1.62
1.80
2.44
2.12
4.00
Operating Expenses (-)
$1728.50
1835.88
1758.00
1882.35
1975.91
2408.49
2714.00
2647.00
2721.00
2795.00
4375.00
4201.00
4574.00
1086.00
1137.00
8.45%4.70%Operating Income/Loss (+)
$-245.06
-256.89
-145.24
-126.19
-127.57
-232.09
83.00
307.00
205.00
-619.00
-298.00
783.00
463.00
238.00
43.00
-81.93%Provision for Loan Loss (-)
$174.06
147.39
90.05
80.99
99.95
190.80
201.00
235.00
287.00
1048.00
25.00
Non-operating Income/Expense (+)
$9.70
0.80
Earnings before Tax (+)
$707.23
825.12
854.55
852.99
913.61
919.76
1394.00
1628.00
1659.00
972.00
1591.00
2764.00
2384.00
750.00
510.00
10.66%-32.00%Tax Expense (-)
$164.62
184.09
215.81
220.59
220.65
207.94
208.00
235.00
248.00
155.00
294.00
515.00
413.00
144.00
86.00
7.97%-40.28%Income/Loss (Continuing Operations) (+)
$542.61
641.02
638.74
632.39
692.96
711.82
1186.00
1393.00
1411.00
817.00
1297.00
2249.00
1971.00
606.00
424.00
11.35%-30.03%Profit/Loss (+)
$
1297.00
2249.00
1971.00
606.00
424.00
-30.03%Net Income/Loss (NCI) (-)
$
2.00
11.00
20.00
4.00
5.00
25.00%Net Income/Loss (+)
$542.61
641.02
638.74
632.39
692.96
711.82
1186.00
1393.00
1411.00
817.00
1295.00
2238.00
1951.00
602.00
419.00
11.25%-30.40%Preferred & Other Distributions (-)
$30.81
31.99
31.87
31.85
31.87
65.27
76.00
70.00
74.00
100.00
142.00
113.00
134.00
29.00
36.00
13.03%24.14%Net Income/Loss (Common) (+)
$511.80
609.03
606.87
600.54
661.08
646.55
1110.00
1323.00
1337.00
717.00
1153.00
2125.00
1817.00
573.00
383.00
11.14%-33.16%EPS (Basic)
$0.59
0.71
0.73
0.73
0.82
0.72
1.02
1.22
1.29
0.71
0.91
1.47
1.26
0.40
0.26
6.53%-35.00%EPS (Diluted)
$0.59
0.71
0.72
0.72
0.81
0.70
1.00
1.20
1.27
0.69
0.90
1.45
1.24
0.39
0.26
6.39%-33.33%Weighted Avg Shares (Basic)
863.69
857.96
834.21
819.92
803.41
904.44
1084.69
1081.54
1038.84
1017.12
1262.43
1441.28
1446.45
1443.27
1448.49
4.39%0.36%Weighted Avg Shares (Diluted)
867.62
863.40
843.97
833.08
817.13
918.79
1136.19
1105.98
1056.08
1032.68
1286.73
1465.22
1468.02
1469.28
1473.34
4.48%0.28%Cash
$1206.91
1333.73
1058.17
1285.12
898.99
1443.04
1567.00
1161.00
1147.00
1436.00
2203.00
2010.00
10323.00
1771.00
12405.00
19.59%600.45%Short-term Investments
$
648.00
854.00
725.00
1299.00
727.00
-44.03%Securities & Long-term Investments
$37958.96
39959.35
42472.63
56851.53
58518.70
81886.42
69426.00
96473.00
97939.00
105202.00
150843.00
157896.00
160907.00
160118.00
162871.00
12.79%1.72%Property, Plant & Equipment (Net)
$564.43
617.26
634.66
616.41
620.54
815.51
864.00
790.00
763.00
757.00
1164.00
1156.00
1109.00
1136.00
1095.00
5.79%-3.61%Goodwill & Intangibles
$619.57
576.42
537.46
597.21
731.85
2395.31
2339.00
2524.00
2465.00
2418.00
5960.00
6283.00
6233.00
6246.00
6238.00
21.21%-0.13%Other Assets
$4404.38
13666.43
14773.42
6947.74
10274.47
13173.82
14520.00
7833.00
6688.00
13225.00
13246.00
14707.00
10071.00
18500.00
10183.00
7.14%-44.96%Assets (Total)
$54450.65
56153.18
59476.34
66298.01
71044.55
99714.10
104185.00
108781.00
109002.00
123038.00
174064.00
182906.00
189368.00
189070.00
193519.00
10.95%2.35%Deposits
$43279.63
46252.68
47506.72
51732.15
55294.98
75607.72
77041.00
84774.00
82347.00
98948.00
143263.00
147914.00
151230.00
145278.00
153225.00
10.99%5.47%Debt (Current)
$1441.09
589.81
552.14
2397.10
615.28
3692.65
5056.00
2017.00
2606.00
183.00
334.00
2027.00
620.00
6898.00
182.00
-6.79%-97.36%Debt (Non-current)
$4538.95
2954.65
4810.41
6733.06
7682.89
12001.81
14262.00
10642.00
12455.00
8535.00
7442.00
11713.00
13014.00
19970.00
15076.00
9.17%-24.51%Other Liabilities
$
565.83
507.74
856.79
246.00
2379.00
3707.00
3483.00
5106.00
5663.00
Liabilities (Total)
$49032.55
50362.97
53377.02
59969.84
64449.94
89405.95
93371.00
97679.00
97207.00
110045.00
154746.00
165137.00
169970.00
170259.00
174146.00
10.92%2.28%Treasury Stock
$10.26
10.92
9.64
13.38
17.93
27.38
35.00
45.00
56.00
59.00
79.00
80.00
91.00
82.00
91.00
19.95%10.98%Retained Earnings
$-2389.64
-1917.93
-1470.15
-1052.32
-594.07
-226.84
588.00
1361.00
2088.00
1878.00
2202.00
3419.00
4322.00
3764.00
4476.00
18.92%AOCI
$-173.76
-150.82
-214.01
-222.29
-226.16
-401.02
-528.00
-609.00
-256.00
192.00
-229.00
-3098.00
-2676.00
-2755.00
-2879.00
-4.50%Shareholder's Equity
$5418.10
5790.21
6099.32
6328.17
6594.61
10308.15
10814.00
11102.00
11795.00
12993.00
19318.00
17769.00
19398.00
18811.00
19373.00
11.21%2.99%Liabilities & Equity
$54450.65
56153.18
59476.34
66298.01
71044.55
99714.10
104185.00
108781.00
109002.00
123038.00
174064.00
182906.00
189368.00
189070.00
193519.00
10.95%2.35%Net Income/Loss
$542.61
641.02
638.74
632.39
692.96
711.82
1186.00
1393.00
1411.00
817.00
1297.00
2249.00
1971.00
606.00
424.00
11.35%-30.03%Depreciation & Amortization
$282.11
274.57
281.55
332.83
341.28
379.77
413.00
493.00
386.00
367.00
391.00
484.00
798.00
142.00
190.00
9.05%33.80%Increase/Decrease in Working Capital
$-546.13
128.41
86.33
196.32
220.28
297.53
110.00
557.00
616.00
893.00
-296.00
-581.00
309.00
783.00
248.00
-68.33%Share-based Compensation
$
37.01
43.67
51.41
65.61
92.00
78.00
83.00
77.00
129.00
105.00
97.00
25.00
20.00
-20.00%Adjustments to Reconcile Net Income
$1052.17
361.11
374.50
256.39
340.41
503.48
768.00
333.00
163.00
506.00
765.00
1778.00
686.00
-476.00
40.00
-3.50%108.40%Net Cash (Operating)
$1594.79
1002.13
1013.25
888.79
1033.36
1215.30
1954.00
1726.00
1574.00
1323.00
2062.00
4027.00
2657.00
130.00
464.00
4.35%256.92%Capital Expenditure
$143.76
89.38
102.21
-631.83
550.93
253.66
194.00
125.00
107.00
119.00
-219.00
437.00
140.00
25.00
32.00
-0.22%28.00%Net Cash (Investing)
$-1304.71
-1082.98
-4240.33
-5004.78
-4928.65
-3445.35
-4866.00
-3663.00
-1877.00
-8639.00
-3962.00
-11609.00
-2997.00
-2299.00
-2262.00
1.61%Increase/Decrease in Debt
$123.22
547.14
3260.51
4843.70
4021.06
2460.21
3672.00
4139.00
-63.00
12562.00
2627.00
9799.00
4610.00
5765.00
4120.00
35.23%-28.53%Increase/Decrease in Equity
$
20.31
-232.84
601.92
-249.00
-444.00
-441.00
896.00
-864.00
235.00
317.00
Interest Expenses
$357.21
231.90
155.83
131.49
150.40
241.07
409.00
742.00
989.00
453.00
185.00
627.00
3359.00
562.00
1070.00
20.53%90.39%Dividends Paid
$92.40
169.34
182.48
198.79
224.39
299.59
425.00
584.00
671.00
698.00
888.00
1010.00
1034.00
254.00
262.00
22.29%3.15%Net Cash (Financing)
$-22.00
227.69
2965.41
4335.43
3521.88
2767.66
3047.00
3089.00
-1199.00
12741.00
827.00
8764.00
3765.00
5834.00
3849.00
-34.02%Cash Taxes Paid
$80.06
6.39
109.43
139.92
153.59
4.98
84.00
-52.00
111.00
81.00
269.00
-109.00
90.00
-59.00
47.00
0.98%179.66%Increase/Decrease in Cash
$268.08
146.84
-261.67
219.43
-373.41
537.61
135.00
1152.00
-1502.00
5425.00
-1073.00
1182.00
3425.00
3665.00
2051.00
23.65%-44.04%Cash (Beginning)
$847.89
1262.81
1001.13
1220.57
847.16
1385.00
1520.00
2672.00
1170.00
6595.00
5522.00
6704.00
6704.00
10129.00
18.80%51.09%Cash (Ending)
$1115.97
1001.13
1220.57
847.16
1384.77
1520.00
2672.00
1170.00
6595.00
5522.00
6704.00
10129.00
10369.00
12180.00
20.18%17.47%NOPAT
$-217.32
-254.90
-126.64
-105.49
-106.12
-230.83
78.00
262.68
191.28
-567.42
-247.62
637.11
445.52
192.30
39.04
-79.70%Operating Margin %
-16.84%
-16.43%
-9.00%
-7.19%
-6.89%
-10.65%
2.96%
10.39%
7.01%
-28.45%
-7.31%
15.71%
9.19%
17.98%
3.64%
NOPAT Margin %
-14.93%
-16.31%
-7.84%
-6.01%
-5.73%
-10.60%
2.78%
8.89%
6.54%
-26.08%
-6.07%
12.78%
8.84%
14.52%
3.31%
Net Margin %
37.29%
41.01%
39.56%
36.01%
37.44%
32.67%
42.34%
47.16%
48.22%
37.55%
31.76%
44.90%
38.73%
45.47%
35.51%
Tax Rate %
11.32%
0.77%
12.81%
16.40%
16.81%
0.54%
6.03%
14.43%
6.69%
8.33%
16.91%
18.63%
3.78%
19.20%
9.22%
ROA
-0.40%
-0.45%
-0.21%
-0.16%
-0.15%
-0.23%
0.07%
0.24%
0.18%
-0.46%
-0.14%
0.35%
0.24%
0.10%
0.02%
ROE
-4.01%
-4.40%
-2.08%
-1.67%
-1.61%
-2.24%
0.72%
2.37%
1.62%
-4.37%
-1.28%
3.59%
2.30%
1.02%
0.20%
Equity Multiplier
10.05
9.70
9.75
10.48
10.77
9.67
9.63
9.80
9.24
9.47
9.01
10.29
9.76
10.05
9.99
Debt/Equity Ratio
9.09
8.60
8.67
9.62
9.64
8.86
8.91
8.78
8.26
8.29
7.82
9.10
8.50
9.15
8.70
Dividend Payout Ratio %
42.52%
66.43%
144.09%
188.44%
211.45%
129.79%
544.88%
222.32%
350.79%
123.01%
358.62%
158.53%
232.09%
132.08%
671.15%
Total Payout
$92.40
169.34
182.48
178.48
457.23
-302.33
674.00
1028.00
1112.00
-198.00
1752.00
1010.00
799.00
-63.00
262.00
19.69%515.87%Payout Ratio %
42.52%
66.43%
144.09%
169.19%
430.87%
-130.97%
864.12%
391.34%
581.33%
-34.89%
707.55%
158.53%
179.34%
-32.76%
671.15%