Huntington Bancshares Incorporated (LON:0J72)

Huntington Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	7,481	6,811	4,816	3,636	3,085
Interest Income on Investments	2,440	2,105	1,153	555	562
Total Interest Income	9,921	8,916	5,969	4,191	3,647
Interest Paid on Deposits	3,572	2,497	363	45	197
Interest Paid on Borrowings	1,004	980	333	44	226
Total Interest Expense	4,576	3,477	696	89	423
Net Interest Income	5,345	5,439	5,273	4,102	3,224
Net Interest Income Growth (YoY)	-1.73%	3.15%	28.55%	27.23%	0.34%
Trust Income	364	328	300	269	189
Mortgage Banking Activities	130	109	144	309	366
Gain (Loss) on Sale of Assets	-	57	-	-	-
Gain (Loss) on Sale of Investments	-39	-20	-9	1	-5
Other Non-Interest Income	1,233	1,122	1,187	983	694
Total Non-Interest Income	2,022	1,908	1,972	1,881	1,587
Non-Interest Income Growth (YoY)	5.97%	-3.25%	4.84%	18.53%	9.45%
Revenues Before Loan Losses	7,367	7,347	7,245	5,983	4,811
Provision for Loan Losses	420	402	289	25	1,048
Revenue	6,947	6,945	6,956	5,958	3,763
Revenue Growth (YoY)	0.03%	-0.16%	16.75%	58.33%	-14.01%
Salaries and Employee Benefits	2,535	2,415	2,282	2,197	1,615
Occupancy Expenses	171	204	291	318	159
Federal Deposit Insurance	114	302	67	51	32
Amortization of Goodwill & Intangibles	47	50	53	48	41
Selling, General & Administrative	1,345	1,265	1,166	1,438	734
Other Non-Interest Expense	299	325	333	315	210
Total Non-Interest Expense	4,511	4,561	4,192	4,367	2,791
EBT Excluding Unusual Items	2,436	2,384	2,764	1,591	972
Pretax Income	2,403	2,384	2,764	1,591	972
Income Tax Expense	443	413	515	294	155
Earnings From Continuing Operations	1,960	1,971	2,249	1,297	817
Minority Interest in Earnings	-20	-20	-11	-2	-
Net Income	1,940	1,951	2,238	1,295	817
Preferred Dividends & Other Adjustments	139	134	113	142	100
Net Income to Common	1,801	1,817	2,125	1,153	717
Net Income Growth	-0.56%	-12.82%	72.82%	58.51%	-42.10%
Basic Shares Outstanding	1,451	1,446	1,441	1,262	1,017
Diluted Shares Outstanding	1,476	1,468	1,465	1,287	1,033
Shares Change (YoY)	0.57%	0.19%	13.87%	24.60%	-2.22%
EPS (Basic)	1.24	1.26	1.47	0.91	0.70
EPS (Diluted)	1.22	1.24	1.45	0.90	0.69
EPS Growth	-1.61%	-14.48%	61.11%	30.43%	-45.67%
Dividend Per Share	0.620	0.620	0.620	0.605	0.600
Dividend Growth	0%	0%	2.48%	0.83%	3.45%
Effective Tax Rate	18.44%	17.32%	18.63%	18.48%	15.95%

Source: S&P Capital IQ. Banks template. Financial Sources.