Huntington Bancshares (HBAN) FY2021 results: revenue $6.0 billion, up 24.4% on the year
Huntington Bancshares Inc. (HBAN) reported revenue of $6.0 billion for fiscal 2021, the year ended 31 December 2021, up 24.4% on the year before. Net income was $1.3 billion, up 58.5%, and diluted earnings per share $0.90. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$6.0 billion
+24.4% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$1.3 billion
+58.5% on the year
FY2014FY2021
Diluted EPS
$0.90
+30.4% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,062
1,323
1,574
+55.9%
Capital expenditure
247
119
107
+107.6%
Free cash flow
1,815
1,204
1,467
+50.7%
Cash from investing
-3,962
-8,639
-1,877
Cash from financing
827
12,741
-1,199
-93.5%
Depreciation and amortisation
391
367
386
+6.5%
Share-based compensation
129
77.0
83.0
+67.5%
Buybacks
650
92.0
441
+606.5%
Dividends paid
750
614
597
+22.1%
Dividend per share
$0.60
$0.60
$0.58
+0.8%
Diluted shares, weighted
1,287m
1,033m
1,056m
+24.6%
Shares outstanding at period end
1,438m
1,017m
1,020m
+41.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
19,297
12,993
11,795
+48.5%
Non-controlling interest
21.0
0.0
n/a
Deposits
143,263
98,948
82,347
+44.8%
Debt
7,442
8,535
12,455
-12.8%
Other liabilities
4,041
2,562
2,405
+57.7%
Total liabilities and equity
174,064
123,038
109,002
+41.5%
Fixed assets
1,164
757
763
+53.8%
Goodwill
5,349
1,990
1,990
+168.8%
Intangible assets
242
191
232
+26.7%
Securities held for sale or to maturity
40,907
25,346
23,219
+61.4%
Loans
109,890
79,794
74,621
+37.7%
Cash and equivalents
5,522
6,595
1,170
-16.3%
Other assets
10,990
8,365
7,007
+31.4%
Total assets
174,064
123,038
109,002
+41.5%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.