Huntington Bancshares (HBAN) FY2022 results: revenue $7.3 billion, up 21.1% on the year
Huntington Bancshares Inc. (HBAN) reported revenue of $7.3 billion for fiscal 2022, the year ended 31 December 2022, up 21.1% on the year before. Net income was $2.2 billion, up 72.8%, and diluted earnings per share $1.45. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$7.3 billion
+21.1% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$2.2 billion
+72.8% on the year
FY2015FY2022
Diluted EPS
$1.45
+61.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,027
2,062
1,323
+95.3%
Capital expenditure
214
247
119
-13.4%
Free cash flow
3,813
1,815
1,204
+110.1%
Cash from investing
-11,609
-3,962
-8,639
Cash from financing
8,764
827
12,741
+959.7%
Depreciation and amortisation
484
391
367
+23.8%
Share-based compensation
105
129
77.0
-18.6%
Buybacks
0.0
650
92.0
Dividends paid
897
750
614
+19.6%
Dividend per share
$0.62
$0.60
$0.60
+2.5%
Diluted shares, weighted
1,465m
1,287m
1,033m
+13.9%
Shares outstanding at period end
1,443m
1,438m
1,017m
+0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
17,731
19,297
12,993
-8.1%
Non-controlling interest
38.0
21.0
0.0
+81.0%
Deposits
147,914
143,263
98,948
+3.2%
Debt
11,713
7,442
8,535
+57.4%
Other liabilities
5,510
4,041
2,562
+36.4%
Total liabilities and equity
182,906
174,064
123,038
+5.1%
Fixed assets
1,156
1,164
757
-0.7%
Goodwill
5,571
5,349
1,990
+4.2%
Intangible assets
195
242
191
-19.4%
Securities held for sale or to maturity
40,475
40,907
25,346
-1.1%
Loans
117,402
109,890
79,794
+6.8%
Cash and equivalents
6,704
5,522
6,595
+21.4%
Other assets
11,403
10,990
8,365
+3.8%
Total assets
182,906
174,064
123,038
+5.1%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.