Huntington Bancshares (HBAN) FY2024 results: revenue $7.4 billion, up 0.3% on the year
Huntington Bancshares Inc. (HBAN) reported revenue of $7.4 billion for fiscal 2024, the year ended 31 December 2024, up 0.3% on the year before. Net income was $1.9 billion, down 0.6%, and diluted earnings per share $1.22. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.
Revenue
$7.4 billion
+0.3% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$1.9 billion
-0.6% on the year
FY2017FY2024
Diluted EPS
$1.22
-1.6% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,836
2,657
4,027
-30.9%
Capital expenditure
143
140
214
+2.1%
Free cash flow
1,693
2,517
3,813
-32.7%
Cash from investing
-12,119
-2,997
-11,609
Cash from financing
13,022
3,765
8,764
+245.9%
Depreciation and amortisation
622
798
484
-22.1%
Share-based compensation
106
97.0
105
+9.3%
Buybacks
n/a
0.0
0.0
Dividends paid
903
900
897
+0.3%
Dividend per share
$0.62
$0.62
$0.62
0.0%
Diluted shares, weighted
1,476m
1,468m
1,465m
+0.6%
Shares outstanding at period end
1,454m
1,448m
1,443m
+0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
19,740
19,353
17,731
+2.0%
Non-controlling interest
42.0
45.0
38.0
-6.7%
Deposits
162,448
151,230
147,914
+7.4%
Debt
16,573
13,014
11,713
+27.3%
Other liabilities
5,427
5,726
5,510
-5.2%
Total liabilities and equity
204,230
189,368
182,906
+7.8%
Fixed assets
1,066
1,109
1,156
-3.9%
Goodwill
5,561
5,561
5,571
0.0%
Intangible assets
96.0
143
195
-32.9%
Securities held for sale or to maturity
43,641
41,055
40,475
+6.3%
Loans
127,798
119,727
117,402
+6.7%
Cash and equivalents
12,847
10,129
6,704
+26.8%
Other assets
13,221
11,644
11,403
+13.5%
Total assets
204,230
189,368
182,906
+7.8%
10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.