Huntington Bancshares Incorporated (HBAN) |
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Huntington Bancshares Incorporated Income Statement Annual
HBAN
Select the Financial Report: |
Period: |
Fiscal Year: |
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INCOME STATEMENT (Annual GAAP In millions $) |
(Dec 31 2023) 2023 |
(Dec 31 2022) 2022 |
(Dec 31 2021) 2021 |
(Dec 31 2020) 2020 |
(Dec 31 2019) 2019 |
Interest and Fee Income, Loans and Leases |
6,811.00 |
4,816.00 |
3,636.00 |
3,085.00 |
3,541.00 |
Interest and Dividend Income, Securities |
1,120.00 |
650.00 |
491.00 |
513.00 |
596.00 |
Other Interest and Dividend Income |
531.00 |
125.00 |
54.00 |
43.00 |
48.00 |
Other Income |
454.00 |
378.00 |
10.00 |
6.00 |
16.00 |
Total Interest Income |
8,916.00 |
5,969.00 |
4,191.00 |
3,647.00 |
4,201.00 |
Interest Expense, Deposits |
2,497.00 |
363.00 |
45.00 |
197.00 |
585.00 |
Interest Expense, Short-term Borrowings |
179.00 |
46.00 |
1.00 |
13.00 |
54.00 |
Interest Expense, Other Long-term Debt |
801.00 |
287.00 |
43.00 |
213.00 |
349.00 |
Total Interest Expense |
3,477.00 |
696.00 |
89.00 |
423.00 |
988.00 |
Net Interest Income |
5,439.00 |
5,273.00 |
4,102.00 |
3,224.00 |
3,213.00 |
Provision
for loan losses |
402.00 |
289.00 |
25.00 |
1,048.00 |
287.00 |
Total Net Interest Income |
5,037.00 |
4,984.00 |
4,077.00 |
2,176.00 |
2,926.00 |
Fees and Commissions, Mortgage Banking and Servicing |
109.00 |
117.00 |
414.00 |
345.00 |
255.00 |
Revenue From Contract With Customer Excluding Assessed Tax |
1,400.00 |
- |
- |
- |
- |
Other Services |
- |
- |
- |
- |
- |
Other noninterest revenues |
80.00 |
222.00 |
269.00 |
224.00 |
249.00 |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
-24.00 |
Electronic Banking |
- |
- |
- |
- |
246.00 |
Capital Markets Fee Income |
- |
- |
- |
- |
123.00 |
Interest Income Securities Operating Other Taxable |
- |
- |
- |
- |
16.00 |
Interest Income Securities Operating Other Tax Exempt |
- |
- |
- |
- |
- |
Fees and Commissions Service Chargeson Deposit Accounts |
- |
- |
- |
- |
372.00 |
Fees and Commissions Trust and Investment Management Services |
- |
- |
- |
- |
- |
Lease Income |
- |
- |
- |
- |
- |
Financing Receivable And Off Balance Sheet Credit Loss Expense Reversal |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
14.00 |
57.00 |
9.00 |
42.00 |
55.00 |
Other Non-Interest Income |
318.00 |
1,585.00 |
1,197.00 |
980.00 |
162.00 |
Total Noninterest Income |
1,921.00 |
1,981.00 |
1,889.00 |
1,591.00 |
1,454.00 |
Total Revenues |
6,958.00 |
6,965.00 |
5,966.00 |
3,767.00 |
4,380.00 |
Salaries & employee benefits, SGA |
115.00 |
91.00 |
2,424.00 |
1,730.00 |
1,691.00 |
Depriciation & Amortization |
27.00 |
45.00 |
92.00 |
41.00 |
49.00 |
Equipment expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
246.00 |
246.00 |
1,127.00 |
542.00 |
505.00 |
Professional Fees |
99.00 |
77.00 |
113.00 |
55.00 |
54.00 |
Communications expense |
- |
- |
- |
- |
- |
Restructuring & impairment charges |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
302.00 |
67.00 |
48.00 |
32.00 |
34.00 |
Other Noninterest Expense |
338.00 |
342.00 |
323.00 |
215.00 |
225.00 |
Total noninterest revenues |
3,447.00 |
3,333.00 |
248.00 |
180.00 |
163.00 |
Total Operating
Expenses |
4,574.00 |
4,201.00 |
4,375.00 |
2,795.00 |
2,721.00 |
Total Costs & Expenses |
8,051.00 |
4,897.00 |
4,464.00 |
3,218.00 |
3,709.00 |
Income /-loss before income taxes |
2,384.00 |
2,764.00 |
1,591.00 |
972.00 |
1,659.00 |
Income taxes expenses/-benefit |
413.00 |
515.00 |
294.00 |
155.00 |
248.00 |
Income after income taxes |
1,971.00 |
2,249.00 |
1,297.00 |
817.00 |
1,411.00 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
1,971.00 |
2,249.00 |
1,297.00 |
817.00 |
1,411.00 |
Stockholders Equity Attributable to Noncontrolling Interest |
20.00 |
11.00 |
2.00 |
- |
- |
Accounting Change |
- |
- |
- |
- |
- |
Net Income/-loss |
1,971.00 |
2,249.00 |
1,297.00 |
817.00 |
1,411.00 |
Noncontrolling interests |
20.00 |
11.00 |
2.00 |
- |
- |
Prefered dividends |
-8.00 |
113.00 |
142.00 |
100.00 |
74.00 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
1,817.00 |
2,125.00 |
1,153.00 |
717.00 |
1,337.00 |
Per
Share (GAAP Annual, in $) |
(Dec 31 2023) 2023 |
(Dec 31 2022) 2022 |
(Dec 31 2021) 2021 |
(Dec 31 2020) 2020 |
(Dec 31 2019) 2019 |
Basic EPS (excl. extra
items) |
1.26 |
1.47 |
0.91 |
0.71 |
1.29 |
Extraordinary items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Basic Net EPS |
1.26 |
1.47 |
0.91 |
0.71 |
1.29 |
Basic shares outstanding (Mill.
of Units) |
1,446.45 |
1,441.28 |
1,262.44 |
1,017.12 |
1,038.84 |
EPS other shares |
- |
- |
- |
- |
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Diluted Net EPS |
1.24 |
1.45 |
0.90 |
0.69 |
1.27 |
Diluted average shares (Mill.
of Units) |
1,468.02 |
1,465.22 |
1,286.73 |
1,032.68 |
1,056.08 |
Dividend per share |
0.613 |
0.612 |
0.583 |
- |
0.565 |
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