Huntington Bancshares (HBAN) FY2017 results: revenue $4.3 billion, up 22.4% on the year
Huntington Bancshares Inc. (HBAN) reported revenue of $4.3 billion for fiscal 2017, the year ended 31 December 2017, up 22.4% on the year before. Net income was $1.2 billion, up 66.6%, and diluted earnings per share $1.00. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$4.3 billion
+22.4% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$1.2 billion
+66.6% on the year
FY2010FY2017
Diluted EPS
$1.00
+42.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
4,309
3,519
2,989
+22.4%
Interest expense
431
263
164
+64.0%
Pre-tax income
1,394
920
914
+51.6%
Income tax
208
208
221
+0.0%
Effective tax rate
14.9%
22.6%
24.2%
Net income
1,186
712
693
+66.6%
Net margin
27.5%
20.2%
23.2%
Diluted EPS
$1.00
$0.70
$0.81
+42.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,954
1,215
1,033
+60.8%
Capital expenditure
194
120
93.1
+61.7%
Free cash flow
1,760
1,095
940
+60.7%
Cash from investing
-4,866
-3,445
-4,929
Cash from financing
3,047
2,768
3,522
+10.1%
Depreciation and amortisation
413
380
341
+8.7%
Share-based compensation
92.0
66.0
51.0
+39.4%
Buybacks
260
0.0
252
Dividends paid
349
245
193
+42.3%
Dividend per share
$0.35
$0.29
$0.25
+20.7%
Diluted shares, weighted
1,136m
919m
817m
+23.7%
Shares outstanding at period end
1,072m
1,086m
795m
-1.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
10,814
10,308
6,595
+4.9%
Deposits
77,041
75,608
55,295
+1.9%
Debt
14,262
12,002
7,657
+18.8%
Other liabilities
2,068
1,796
1,498
+15.1%
Total liabilities and equity
104,185
99,714
71,045
+4.5%
Fixed assets
864
816
621
+5.9%
Goodwill
1,993
1,993
677
+0.0%
Intangible assets
346
402
55.0
-14.0%
Securities held for sale or to maturity
23,960
7,807
6,160
+206.9%
Loans
69,426
66,324
49,743
+4.7%
Trading assets
86.0
133
37.0
-35.3%
Cash and equivalents
1,520
1,385
847
+9.8%
Other assets
5,990
20,855
12,905
-71.3%
Total assets
104,185
99,714
71,045
+4.5%
10-K for the year ended 31 December 2017, filed 16 February 2018: the filing.