Huntington Bancshares (HBAN) FY2012 results: revenue $2.8 billion, up 7.5% on the year
Huntington Bancshares Inc. (HBAN) reported revenue of $2.8 billion for fiscal 2012, the year ended 31 December 2012, up 7.5% on the year before. Net income was $631 million, up 15.5%, and diluted earnings per share $0.69. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2013.
Revenue
$2.8 billion
+7.5% on the year
FY2008FY2012
Operating margin
n/a
FY2008FY2012
Net income
$631 million
+15.5% on the year
FY2008FY2012
Diluted EPS
$0.69
+16.9% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
2,817
2,621
2,661
+7.5%
Interest expense
220
341
527
-35.6%
Pre-tax income
834
719
352
+15.9%
Income tax
202
173
40.0
+17.2%
Effective tax rate
24.3%
24.0%
11.3%
Net income
631
546
312
+15.5%
Net margin
22.4%
20.8%
11.7%
Diluted EPS
$0.69
$0.59
$0.19
+16.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,002
1,595
841
-37.2%
Capital expenditure
130
144
68.2
-9.8%
Free cash flow
872
1,451
773
-39.9%
Cash from investing
-1,083
-1,305
-2,777
Cash from financing
228
-22.0
1,263
Depreciation and amortisation
275
282
286
-2.7%
Share-based compensation
27.9
19.7
15.5
+41.7%
Dividends paid
138
61.6
28.6
+123.4%
Dividend per share
$0.16
$0.10
$0.04
+60.0%
Diluted shares, weighted
863m
868m
730m
-0.5%
Shares outstanding at period end
843m
864m
863m
-2.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
5,778
5,778
5,416
0.0%
Deposits
46,253
43,280
41,854
+6.9%
Debt
2,955
4,539
5,855
-34.9%
Other liabilities
1,167
854
695
+36.8%
Total liabilities and equity
56,153
54,451
53,820
+3.1%
Fixed assets
617
564
492
+9.4%
Goodwill
444
444
444
0.0%
Intangible assets
132
175
229
-24.6%
Securities held for sale or to maturity
1,925
835
285
+130.7%
Loans
39,959
37,959
36,857
+5.3%
Resale agreements
n/a
0.0
n/a
Trading assets
91.2
45.9
185
+98.7%
Cash and equivalents
1,263
1,263
1,116
0.0%
Other assets
11,721
13,164
14,212
-11.0%
Total assets
56,153
54,451
53,820
+3.1%
10-K for the year ended 31 December 2012, filed 15 February 2013: the filing.