Huntington Bancshares (HBAN) FY2015 results: revenue $3.0 billion, up 6.1% on the year
Huntington Bancshares Inc. (HBAN) reported revenue of $3.0 billion for fiscal 2015, the year ended 31 December 2015, up 6.1% on the year before. Net income was $693 million, up 9.6%, and diluted earnings per share $0.81. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2016.
Revenue
$3.0 billion
+6.1% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$693 million
+9.6% on the year
FY2008FY2015
Diluted EPS
$0.81
+12.5% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,989
2,816
2,717
+6.1%
Interest expense
164
139
156
+17.6%
Pre-tax income
914
853
869
+7.1%
Income tax
221
221
227
+0.0%
Effective tax rate
24.2%
25.9%
26.2%
Net income
693
632
641
+9.6%
Net margin
23.2%
22.5%
23.6%
Diluted EPS
$0.81
$0.72
$0.72
+12.5%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,033
889
1,013
+16.3%
Capital expenditure
93.1
58.9
102
+58.2%
Free cash flow
940
830
911
+13.3%
Cash from investing
-4,929
-5,005
-4,240
Cash from financing
3,522
4,335
2,965
-18.8%
Depreciation and amortisation
341
333
282
+2.5%
Share-based compensation
51.0
43.7
37.0
+16.8%
Buybacks
252
334
125
-24.7%
Dividends paid
193
167
151
+15.6%
Dividend per share
$0.25
$0.21
$0.19
+19.0%
Diluted shares, weighted
817m
833m
844m
-1.9%
Shares outstanding at period end
795m
811m
831m
-2.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
6,595
6,328
6,099
+4.2%
Deposits
55,295
51,732
47,507
+6.9%
Debt
7,657
6,733
4,810
+13.7%
Other liabilities
1,498
1,505
1,060
-0.4%
Total liabilities and equity
71,045
66,298
59,476
+7.2%
Fixed assets
621
616
635
+0.7%
Goodwill
677
523
444
+29.5%
Intangible assets
55.0
74.7
93.2
-26.4%
Securities held for sale or to maturity
6,160
3,505
3,970
+75.8%
Loans
49,743
47,051
42,473
+5.7%
Trading assets
37.0
42.2
35.6
-12.3%
Cash and equivalents
847
1,221
1,001
-30.6%
Other assets
12,905
13,267
10,825
-2.7%
Total assets
71,045
66,298
59,476
+7.2%
10-K for the year ended 31 December 2015, filed 17 February 2016: the filing.