Huntington Bancshares (HBAN) FY2014 results: revenue $2.8 billion, up 3.7% on the year
Huntington Bancshares Inc. (HBAN) reported revenue of $2.8 billion for fiscal 2014, the year ended 31 December 2014, up 3.7% on the year before. Net income was $632 million, down 1.4%, and diluted earnings per share $0.72. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2015.
Revenue
$2.8 billion
+3.7% on the year
FY2008FY2014
Operating margin
n/a
FY2008FY2014
Net income
$632 million
-1.4% on the year
FY2008FY2014
Diluted EPS
$0.72
0.0% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
2,816
2,717
2,817
+3.7%
Interest expense
139
156
220
-10.7%
Pre-tax income
853
869
834
-1.8%
Income tax
221
227
202
-3.0%
Effective tax rate
25.9%
26.2%
24.3%
Net income
632
641
631
-1.4%
Net margin
22.5%
23.6%
22.4%
Diluted EPS
$0.72
$0.72
$0.69
0.0%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
889
1,013
1,002
-12.3%
Capital expenditure
58.9
102
130
-42.4%
Free cash flow
830
911
872
-8.9%
Cash from investing
-5,005
-4,240
-1,083
Cash from financing
4,335
2,965
228
+46.2%
Depreciation and amortisation
333
282
275
+18.2%
Share-based compensation
43.7
37.0
27.9
+18.0%
Buybacks
334
125
n/a
+167.6%
Dividends paid
167
151
138
+10.8%
Dividend per share
$0.21
$0.19
$0.16
+10.5%
Diluted shares, weighted
833m
844m
863m
-1.3%
Shares outstanding at period end
811m
831m
843m
-2.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
6,328
6,099
5,778
+3.8%
Deposits
51,732
47,507
46,253
+8.9%
Debt
6,733
4,810
2,955
+40.0%
Other liabilities
1,505
1,060
1,167
+42.0%
Total liabilities and equity
66,298
59,476
56,153
+11.5%
Fixed assets
616
635
617
-2.9%
Goodwill
523
444
444
+17.6%
Intangible assets
74.7
93.2
132
-19.9%
Securities held for sale or to maturity
3,505
3,970
1,925
-11.7%
Loans
47,051
42,473
39,959
+10.8%
Trading assets
42.2
35.6
91.2
+18.6%
Cash and equivalents
1,221
1,001
1,263
+21.9%
Other assets
13,267
10,825
11,721
+22.6%
Total assets
66,298
59,476
56,153
+11.5%
10-K for the year ended 31 December 2014, filed 13 February 2015: the filing.