Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	7,363	6,811	4,816	3,636	3,085	3,541
Interest Income on Investments	2,398	2,105	1,153	555	562	660
Total Interest Income	9,761	8,916	5,969	4,191	3,647	4,201
Interest Paid on Deposits	3,517	2,497	363	45	197	585
Interest Paid on Borrowings	978	980	333	44	226	403
Total Interest Expense	4,495	3,477	696	89	423	988
Net Interest Income	5,266	5,439	5,273	4,102	3,224	3,213
Net Interest Income Growth (YoY)	-5.71%	3.15%	28.55%	27.23%	0.34%	0.75%
Trust Income	357	328	300	269	189	178
Mortgage Banking Activities	122	109	144	309	366	167
Gain (Loss) on Sale of Investments	-26	-20	-9	1	-5	-28
Other Non-Interest Income	1,126	1,165	1,130	983	694	706
Total Non-Interest Income	1,863	1,908	1,972	1,881	1,587	1,450
Non-Interest Income Growth (YoY)	-6.99%	-3.25%	4.84%	18.53%	9.45%	9.43%
Revenues Before Loan Losses	7,129	7,347	7,245	5,983	4,811	4,663
Provision for Loan Losses	439	402	289	25	1,048	287
Revenue	6,690	6,945	6,956	5,958	3,763	4,376
Revenue Growth (YoY)	-7.35%	-0.16%	16.75%	58.33%	-14.01%	2.27%
Salaries and Employee Benefits	2,509	2,415	2,274	2,197	1,615	1,571
Occupancy Expenses	178	204	176	318	159	163
Federal Deposit Insurance	297	302	67	51	32	34
Amortization of Goodwill & Intangibles	47	50	53	48	41	49
Selling, General & Administrative	1,337	1,265	1,208	1,438	734	683
Other Non-Interest Expense	310	325	333	315	210	217
Total Non-Interest Expense	4,678	4,561	4,111	4,367	2,791	2,717
EBT Excluding Unusual Items	2,012	2,384	2,845	1,591	972	1,659
Other Unusual Items	-31	-	-	-	-	-
Pretax Income	1,981	2,384	2,764	1,591	972	1,659
Income Tax Expense	307	413	515	294	155	248
Earnings From Continuing Operations	1,674	1,971	2,249	1,297	817	1,411
Minority Interest in Earnings	-21	-20	-11	-2	-	-
Net Income	1,653	1,951	2,238	1,295	817	1,411
Preferred Dividends & Other Adjustments	135	134	113	142	100	74
Net Income to Common	1,518	1,817	2,125	1,153	717	1,337
Net Income Growth	-29.75%	-12.82%	72.82%	58.51%	-42.10%	1.29%
Basic Shares Outstanding	1,450	1,446	1,441	1,262	1,017	1,039
Diluted Shares Outstanding	1,474	1,468	1,465	1,287	1,033	1,056
Shares Change (YoY)	0.40%	0.19%	13.87%	24.60%	-2.22%	-4.51%
EPS (Basic)	1.05	1.26	1.47	0.91	0.70	1.29
EPS (Diluted)	1.03	1.24	1.45	0.90	0.69	1.27
EPS Growth	-31.74%	-14.48%	61.11%	30.43%	-45.67%	5.83%
Dividend Per Share	0.620	0.620	0.620	0.605	0.600	0.580
Dividend Growth	0%	0%	2.48%	0.83%	3.45%	16.00%
Effective Tax Rate	15.50%	17.32%	18.63%	18.48%	15.95%	14.95%

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