Huntington Bancshares (HBAN) FY2016 results: revenue $3.5 billion, up 17.7% on the year
Huntington Bancshares Inc. (HBAN) reported revenue of $3.5 billion for fiscal 2016, the year ended 31 December 2016, up 17.7% on the year before. Net income was $712 million, up 2.7%, and diluted earnings per share $0.70. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2017.
Revenue
$3.5 billion
+17.7% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$712 million
+2.7% on the year
FY2009FY2016
Diluted EPS
$0.70
-13.6% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,519
2,989
2,816
+17.7%
Interest expense
263
164
139
+60.5%
Pre-tax income
920
914
853
+0.7%
Income tax
208
221
221
-5.8%
Effective tax rate
22.6%
24.2%
25.9%
Net income
712
693
632
+2.7%
Net margin
20.2%
23.2%
22.5%
Diluted EPS
$0.70
$0.81
$0.72
-13.6%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,215
1,033
889
+17.6%
Capital expenditure
120
93.1
58.9
+28.9%
Free cash flow
1,095
940
830
+16.5%
Cash from investing
-3,445
-4,929
-5,005
Cash from financing
2,768
3,522
4,335
-21.4%
Depreciation and amortisation
380
341
333
+11.3%
Share-based compensation
66.0
51.0
43.7
+29.4%
Buybacks
0.0
252
334
Dividends paid
245
193
167
+27.1%
Dividend per share
$0.29
$0.25
$0.21
+16.0%
Diluted shares, weighted
919m
817m
833m
+12.4%
Shares outstanding at period end
1,086m
795m
811m
+36.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
10,308
6,595
6,328
+56.3%
Deposits
75,608
55,295
51,732
+36.7%
Debt
12,002
7,657
6,733
+56.8%
Other liabilities
1,796
1,498
1,505
+19.9%
Total liabilities and equity
99,714
71,045
66,298
+40.4%
Fixed assets
816
621
616
+31.4%
Goodwill
1,993
677
523
+194.4%
Intangible assets
402
55.0
74.7
+632.0%
Securities held for sale or to maturity
7,807
6,160
3,505
+26.7%
Loans
66,324
49,743
47,051
+33.3%
Trading assets
133
37.0
42.2
+259.5%
Cash and equivalents
1,385
847
1,221
+63.5%
Other assets
20,855
12,905
13,267
+61.6%
Total assets
99,714
71,045
66,298
+40.4%
10-K for the year ended 31 December 2016, filed 22 February 2017: the filing.