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Huntington Bancshares Incorporated  (HBAN)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

HBAN's Revenue Growth by Quarter and Year

Huntington Bancshares Incorporated's Revenue results by quarter and year




HBAN Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 1,595.00 1,870.00 1,711.00 -2,233.00
III Quarter September 1,778.00 1,796.00 1,757.00 1,070.00
II Quarter June 1,749.00 1,679.00 1,071.00 856.00
I Quarter March 1,836.00 1,620.00 1,427.00 710.00
FY   6,958.00 6,965.00 5,966.00 403.00



HBAN Revenue fourth quarter 2023 Y/Y Growth Comment
Huntington Bancshares Incorporated reported fall in Revenue in the fourth quarter 2023 by -14.71% to $ 1,595.00 millions, from the same quarter in 2022.
The decline in the fourth quarter 2023 Huntington Bancshares Incorporated's Revenue compares unfavorably to the Company's average Revenue growth of 7.49%.

Looking into fourth quarter 2023 results within Commercial Banks industry 19 other companies have achieved higher Revenue growth. While Huntington Bancshares Incorporated' s Revenue decrease of -14.71% ranks overall at the positon no. 1150 in the fourth quarter 2023.




HBAN Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -14.71 % 9.29 % - -
III Quarter September -1 % 2.22 % 64.21 % -3.25 %
II Quarter June 4.17 % 56.77 % 25.12 % -24.05 %
I Quarter March 13.33 % 13.52 % 100.99 % -33.89 %
FY   -0.1 % 16.74 % 1380.4 % -90.8 %

Financial Statements
Huntington Bancshares Incorporated's fourth quarter 2023 Revenue $ 1,595.00 millions HBAN's Income Statement
Huntington Bancshares Incorporated's fourth quarter 2022 Revenue $ 1,870.00 millions Quarterly HBAN's Income Statement
New: More HBAN's historic Revenue Growth >>


HBAN Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -10.29 % 4.12 % -2.62 % -
III Quarter September 1.66 % 6.97 % 64.05 % 25 %
II Quarter June -4.74 % 3.64 % -24.95 % 20.56 %
I Quarter March -1.82 % -5.32 % - -33.83 %
FY (Year on Year)   -0.1 % 16.74 % 1380.4 % -90.8 %




Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #20
Financial Sector #215
Overall #1150

Revenue Y/Y Growth Statistics
High Average Low
100.99 % 7.49 % -39.43 %
(Mar 31 2021)   (Dec 31 2013)
Revenue fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #20
Financial Sector #215
Overall #1150
Revenue Y/Y Growth Statistics
High Average Low
100.99 % 7.49 % -39.43 %
(Mar 31 2021)   (Dec 31 2013)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Huntington Bancshares Incorporated's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
64.05 % 1.75 % -34.07 %
(Sep 30 2021)  


HBAN's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Huntington Bancshares Incorporated disclosed drop in Revenue from the third quarter by -10.29% to $ 1,595.00 millions, from $ 1,778.00 millions achived in the previous reporting period.

Even periodic factors which usually elevate IV. Quarter 2023 Revenue, that clearly was not sufficient to salvage Commercial Banks's company outcome, Isabelle Anderson, a business consultant wrote and wrote that average sequential Revenue growth is at 1.75% for Huntington Bancshares Incorporated.

Within Commercial Banks industry 5 other companies have achieved higher Revenue quarter on quarter growth. While Huntington Bancshares Incorporated's Revenue growth quarter on quarter, overall rank is 687.


Revenue Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #6
Financial Sector #106
Overall #687
Revenue Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #6
Financial Sector #106
Overall #687
Revenue Q/Q Growth Statistics
High Average Low
64.05 % 1.75 % -34.07 %
(Sep 30 2021)  


HBAN's IV. Quarter Q/Q Revenue Comment
In the IV. Quarter 2023 Huntington Bancshares Incorporated disclosed drop in Revenue sequentially by -10.29% to $ 1,595.00 millions, from $ 1,778.00 millions achived in the previous reporting period.

Although cyclical influence which usually energize IV. Quarter 2023 results, that simply was not substantial to salvage HBAN's IV. Quarter 2023 outcome, Isabelle Anderson, a business consultant said and continued that average sequential Revenue growth is at 1.75% for the Commercial Banks's company.

Within Commercial Banks industry 5 other companies have achieved higher Revenue quarter on quarter growth. While Huntington Bancshares Incorporated's Revenue growth quarter on quarter, overall rank is 687.


Huntington Bancshares Incorporated's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Revenue 12 Months Ending $ 6,958.00 $ 7,233.00 $ 7,251.00 $ 7,181.00 $ 6,965.00
Y / Y Revenue Growth (TTM) -0.1 % 6.27 % 7.15 % 16.59 % 16.74 %
Year on Year Revenue Growth Overall Ranking # 144 # 30 # 1 # 0 # 12
Seqeuential Revenue Change (TTM) -3.8 % -0.25 % 0.97 % 3.1 % 2.34 %
Seq. Revenue Growth (TTM) Overall Ranking # 449 # 2105 # 1610 # 0 # 52




Cumulative Revenue growth Comment
For the 12 months ended Dec 31 2023 Huntington Bancshares Incorporated reported a decrease in Revenue by -0.1% year on year, to $6,958 millions, compare to the 6.27% growth at Sep 30 2023.

Within the Financial sector 25 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 30 to 144.

Revenue TTM Q/Q Growth Statistics
High Average Low
1380.4 %
34.67 %
-90.8 %
 

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 3
Financial Sector # 26
Overall # 144

Revenue TTM Y/Y Growth Statistics
High Average Low
1380.4 %
34.67 %
-90.8 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 78
S&P 500 # 449
Cumulative Revenue growth Comment
For the 12 months ended Dec 31 2023 Huntington Bancshares Incorporated reported a decrease in Revenue by -0.1% year on year, to $6,958 millions, compare to the 6.27% growth at Sep 30 2023.

Within the Financial sector 25 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 30 to 144.

Revenue TTM Q/Q Growth Statistics
High Average Low
1380.4 %
34.67 %
-90.8 %
 


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry # 3
Financial Sector # 26
Overall # 144

Revenue TTM Y/Y Growth Statistics
High Average Low
1380.4 %
34.67 %
-90.8 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 3
Sector # 78
S&P 500 # 449




Other Revenue Growth
Commercial Banks Industry Revenue Growth Trends and Statistics
Financial Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
HBAN's Revenue Growth Ratio versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for HBAN's Competitors
Revenue Growth for Huntington Bancshares Incorporated's Suppliers
Revenue Growth for HBAN's Customers

You may also want to know
HBAN's Annual Growth Rates HBAN's Profitability Ratios HBAN's Asset Turnover Ratio HBAN's Dividend Growth
HBAN's Roe HBAN's Valuation Ratios HBAN's Financial Strength Ratios HBAN's Dividend Payout Ratio
HBAN's Roa HBAN's Inventory Turnover Ratio HBAN's Growth Rates HBAN's Dividend Comparisons



Companies with similar Revenue decrease for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Revenue for the quarter ending Dec 31 2023
Ameris Bancorp-0.08%$ -0.083 millions
Hilltop Holdings Inc -0.22%$ -0.224 millions
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Fifth Third Bancorp-1.22%$ -1.221 millions
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C and F Financial Corporation-1.29%$ -1.293 millions
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Sba Communications Corporation-1.61%$ -1.613 millions
Barclays Bank Plc-1.93%$ -1.934 millions
Jbg Smith Properties-2.10%$ -2.097 millions
Sumitomo Mitsui Financial Group Inc -2.10%$ -2.102 millions
Healthcare Realty Trust Incorporated-2.25%$ -2.254 millions
Brightspire Capital Inc -2.32%$ -2.324 millions
Service Properties Trust-2.45%$ -2.454 millions
Mgic Investment Corp-2.84%$ -2.839 millions
Walker and Dunlop Inc -3.01%$ -3.010 millions
Federated Hermes Inc -3.01%$ -3.012 millions
Cullen-3.04%$ -3.036 millions
Citigroup inc-3.14%$ -3.143 millions
Franklin Bsp Realty Trust Inc -3.18%$ -3.179 millions
Apollo Commercial Real Estate Finance Inc -3.43%$ -3.429 millions
American Financial Group Inc -3.52%$ -3.520 millions
Enterprise Financial Services Corp-3.55%$ -3.551 millions
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First Ban corp -3.64%$ -3.637 millions




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