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Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services. It offers 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. The company also provides 24-Hour Grace, Asterisk-Free Checking, Money Scout, $50 Safety Zone, Standby Cash, Early Pay, Instant Access, Savings Goal Getter, And Huntington Heads Up; digitally powered consumer and business financial solutions to consumer finance, regional banking, branch banking, and wealth management customers; direct and indirect consumer loans; dealer finance loans and deposits; and private banking, wealth management and legacy planning through investment and portfolio management, fiduciary administration and trust, institutional custody, and full-service retail brokerage investment services. In addition, it offers equipment financing, asset-based lending, distribution finance, structured lending, municipal financing solutions, and Huntington ChoicePay. Additionally, the company provides lending, liquidity, treasury management and other payment services, and capital markets; government and non-profits, healthcare, technology and telecommunications, franchises, financial sponsors, fund finance, Native American financial, and global services; and corporate risk management, institutional sales and trading, debt and equity issuance, and additional advisory services. The company offers its products through a network of channels, including branches and ATMs, online and mobile banking, and through customer call centers to customers in middle market banking, corporate, specialty, and government banking, asset finance, commercial real estate banking, and capital markets. The company was founded in 1866 and is headquartered in Columbus, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $8.1B | - | $2.2B | $2.2B | 10.2% | 10.1% | 14.0% |
| 2024 | $7.4B | - | $1.9B | $1.7B | 10.9% | 0.3% | -0.6% |
| 2023 | $7.4B | - | $2.0B | $2.5B | 11.5% | 1.5% | -12.8% |
| 2022 | $7.3B | - | $2.2B | $3.8B | 14.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 7,254 | 7,360 | 7,385 | 8,131 |
| Operating Revenue | - | 7,254 | 7,360 | 7,385 | 8,131 |
| Selling General And Administration | - | 2,559 | 2,946 | 2,931 | 3,133 |
| Interest Income | - | 5,969 | 8,916 | 9,921 | 10,310 |
| Interest Expense | - | 696 | 3,477 | 4,576 | 4,319 |
| Net Interest Income | - | 5,273 | 5,439 | 5,345 | 5,991 |
| Pretax Income | - | 2,764 | 2,384 | 2,403 | 2,688 |
| Tax Provision | - | 515 | 413 | 443 | 459 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | -22.74 |
| Net Income From Continuing And Discontinued Operation | - | 2,238 | 1,951 | 1,940 | 2,211 |
| Net Income From Continuing Operation Net Minority Interest | - | 2,238 | 1,951 | 1,940 | 2,211 |
| Net Income | - | 2,238 | 1,951 | 1,940 | 2,211 |
| Net Income Common Stockholders | - | 2,125 | 1,817 | 1,801 | 2,087 |
| Net Income Including Noncontrolling Interests | - | 2,249 | 1,971 | 1,960 | 2,229 |
| Normalized Income | - | 2,238 | 1,951 | 1,940 | 2,321.26 |
| Diluted NI Availto Com Stockholders | - | 2,125 | 1,817 | 1,801 | 2,087 |
| Basic Average Shares | - | 1,441 | 1,446 | 1,451 | 1,479 |
| Diluted Average Shares | - | 1,465 | 1,468 | 1,476 | 1,505 |
| Reconciled Depreciation | - | 484 | 798 | 622 | 762 |
| Total Unusual Items | -701 | -95 | 57 | - | -133 |
| Total Unusual Items Excluding Goodwill | -701 | -95 | 57 | - | -133 |
| Preferred Stock Dividends | - | 113 | 142 | 134 | 124 |
| Minority Interests | - | -11 | -20 | -20 | -18 |
| Special Income Charges | -701 | -95 | 57 | - | -133 |
| Gain On Sale Of Business | - | - | 57 | - | 24 |
| Restructuring And Mergern Acquisition | 701 | 95 | - | - | 168 |
| Gain On Sale Of Security | - | 0 | -7 | -21 | -58 |
| Depreciation Amortization Depletion Income Statement | - | 98 | 77 | 62 | 59 |
| Depreciation And Amortization In Income Statement | - | 98 | 77 | 62 | 59 |
| General And Administrative Expense | - | 2,468 | 2,831 | 2,815 | 3,009 |
| Salaries And Wages | - | 2,401 | 2,529 | 2,701 | 2,945 |
| Insurance And Claims | - | 67 | 302 | 114 | 64 |
| Selling And Marketing Expense | - | 91 | 115 | 116 | 124 |
| Otherunder Preferred Stock Dividend | 11 | - | -8 | 5 | - |
| Amortization | - | 53 | 50 | 47 | 46 |
| Amortization Of Intangibles Income Statement | - | 53 | 50 | 47 | 46 |
| Occupancy And Equipment | - | 515 | 509 | 488 | 497 |
| Depreciation Income Statement | - | 45 | 27 | 15 | 13 |
| Professional Expense And Contract Services Expense | - | 77 | 99 | 99 | 89 |
| Other Non Interest Expense | - | 952 | 943 | 982 | 1,069 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Huntington Bancshares Incorporatedthis co. | HBAN | $33.5B | 15.16↑ premium | 1.55 | 10.2% | - |
| PayPal Holdings, Inc. | PYPL | $37.7B | 7.21 | 1.86 | 25.8% | 4.84 |
| Prudential Financial, Inc. | PRU | $35.9B | 10.15 | 1.11 | 10.9% | - |
| The Hartford Insurance Group, Inc. | HIG | $34.9B | 9.15 | 1.84 | 20.1% | - |
| M&T Bank Corporation |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| MTB |
| $32.5B |
| 11.39 |
| 1.23 |
| 10.8% |
| - |
| Northern Trust Corporation | NTRS | $32.0B | 18.44 | 2.65 | 14.4% | - |
| Arch Capital Group Ltd. | ACGL | $30.9B | 7.02 | 1.32 | 18.8% | - |
| Cboe Global Markets, Inc. | CBOE | $29.9B | 27.21 | 5.83 | 21.4% | 16.83 |
| Raymond James Financial, Inc. | RJF | $29.3B | 13.74 | 2.36 | 17.2% | - |
| Peer Median | - | 10.77 | 1.85 | 18.0% | 10.84 | |