Huntington Bancshares (HBAN) FY2019 results: revenue $4.7 billion, up 3.5% on the year
Huntington Bancshares Inc. (HBAN) reported revenue of $4.7 billion for fiscal 2019, the year ended 31 December 2019, up 3.5% on the year before. Net income was $1.4 billion, up 1.3%, and diluted earnings per share $1.27. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2020.
Revenue
$4.7 billion
+3.5% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$1.4 billion
+1.3% on the year
FY2012FY2019
Diluted EPS
$1.27
+5.8% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
4,667
4,510
4,309
+3.5%
Interest expense
988
760
431
+30.0%
Pre-tax income
1,659
1,628
1,394
+1.9%
Income tax
248
235
208
+5.5%
Effective tax rate
14.9%
14.4%
14.9%
Net income
1,411
1,393
1,186
+1.3%
Net margin
30.2%
30.9%
27.5%
Diluted EPS
$1.27
$1.20
$1.00
+5.8%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,574
1,726
1,954
-8.8%
Capital expenditure
107
110
194
-2.7%
Free cash flow
1,467
1,616
1,760
-9.2%
Cash from investing
-1,877
-3,663
-4,866
Cash from financing
-1,199
3,089
3,047
Depreciation and amortisation
386
493
413
-21.7%
Share-based compensation
83.0
78.0
92.0
+6.4%
Buybacks
441
939
260
-53.0%
Dividends paid
597
514
349
+16.1%
Dividend per share
$0.58
$0.50
$0.35
+16.0%
Diluted shares, weighted
1,056m
1,106m
1,136m
-4.5%
Shares outstanding at period end
1,020m
1,047m
1,072m
-2.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
11,795
11,102
10,814
+6.2%
Deposits
82,347
84,774
77,041
-2.9%
Debt
12,455
10,642
14,262
+17.0%
Other liabilities
2,405
2,263
2,068
+6.3%
Total liabilities and equity
109,002
108,781
104,185
+0.2%
Fixed assets
763
790
864
-3.4%
Goodwill
1,990
1,989
1,993
+0.1%
Intangible assets
232
281
346
-17.4%
Securities held for sale or to maturity
23,219
22,345
23,960
+3.9%
Loans
74,621
74,128
69,426
+0.7%
Trading assets
n/a
105
86.0
Cash and equivalents
1,170
2,672
1,520
-56.2%
Other assets
7,007
6,471
5,990
+8.3%
Total assets
109,002
108,781
104,185
+0.2%
10-K for the year ended 31 December 2019, filed 14 February 2020: the filing.