Huntington Bancshares (HBAN) FY2020 results: revenue $4.8 billion, up 3.2% on the year
Huntington Bancshares Inc. (HBAN) reported revenue of $4.8 billion for fiscal 2020, the year ended 31 December 2020, up 3.2% on the year before. Net income was $817 million, down 42.1%, and diluted earnings per share $0.69. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$4.8 billion
+3.2% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$817 million
-42.1% on the year
FY2013FY2020
Diluted EPS
$0.69
-45.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
4,815
4,667
4,510
+3.2%
Interest expense
423
988
760
-57.2%
Pre-tax income
972
1,659
1,628
-41.4%
Income tax
155
248
235
-37.5%
Effective tax rate
15.9%
14.9%
14.4%
Net income
817
1,411
1,393
-42.1%
Net margin
17.0%
30.2%
30.9%
Diluted EPS
$0.69
$1.27
$1.20
-45.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,323
1,574
1,726
-15.9%
Capital expenditure
119
107
110
+11.2%
Free cash flow
1,204
1,467
1,616
-17.9%
Cash from investing
-8,639
-1,877
-3,663
Cash from financing
12,741
-1,199
3,089
Depreciation and amortisation
367
386
493
-4.9%
Share-based compensation
77.0
83.0
78.0
-7.2%
Buybacks
92.0
441
939
-79.1%
Dividends paid
614
597
514
+2.8%
Dividend per share
$0.60
$0.58
$0.50
+3.4%
Diluted shares, weighted
1,033m
1,056m
1,106m
-2.2%
Shares outstanding at period end
1,017m
1,020m
1,047m
-0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
12,993
11,795
11,102
+10.2%
Non-controlling interest
0.0
n/a
n/a
Deposits
98,948
82,347
84,774
+20.2%
Debt
8,535
12,455
10,642
-31.5%
Other liabilities
2,562
2,405
2,263
+6.5%
Total liabilities and equity
123,038
109,002
108,781
+12.9%
Fixed assets
757
763
790
-0.8%
Goodwill
1,990
1,990
1,989
0.0%
Intangible assets
191
232
281
-17.7%
Securities held for sale or to maturity
25,346
23,219
22,345
+9.2%
Loans
79,794
74,621
74,128
+6.9%
Trading assets
n/a
n/a
105
Cash and equivalents
6,595
1,170
2,672
+463.7%
Other assets
8,365
7,007
6,471
+19.4%
Total assets
123,038
109,002
108,781
+12.9%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.