Huntington Bancshares Incorporated (HBAN) Financial Statements (2024 and earlier)

Company Profile

Business Address HUNTINGTON CTR
COLUMBUS, OH 43287
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,1732,8832,8971,9161,6873,237
Cash and cash equivalents10,3232,0102,2031,4361,1472,672
Short-term investments850873694480540565
Total current assets:11,1732,8832,8971,9161,6873,237
Noncurrent Assets
Operating lease, right-of-use asset 265279316199210
Property, plant and equipment1,1091,1561,164757763790
Intangible assets, net (including goodwill)6,3766,4786,2022,6092,6972,805
Goodwill5,5615,5715,3491,9901,9901,989
Intangible assets, net (excluding goodwill)815907853619707816
Total noncurrent assets:7,7507,9137,6823,5653,6703,595
Other undisclosed assets170,445172,110163,485117,557103,645101,949
TOTAL ASSETS:189,368182,906174,064123,038109,002108,781
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6202,0273341832,6062,017
Total current liabilities:6202,0273341832,6062,017
Noncurrent Liabilities
Other undisclosed liabilities169,350163,110154,412109,86294,60195,662
Total liabilities:169,970165,137154,746110,04597,20797,679
Equity
Equity, attributable to parent19,35317,73119,29712,99311,79511,102
Preferred stock2,3942,1672,1672,1911,2031,203
Common stock151414101011
Treasury stock, value(91)(80)(79)(59)(56)(45)
Additional paid in capital15,38915,30915,2228,7818,8069,181
Accumulated other comprehensive income (loss)(2,676)(3,098)(229)192(256)(609)
Retained earnings4,3223,4192,2021,8782,0881,361
Equity, attributable to noncontrolling interest453821   
Total equity:19,39817,76919,31812,99311,79511,102
TOTAL LIABILITIES AND EQUITY:189,368182,906174,064123,038109,002108,781

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues8,4765,7654,1213,5654,1103,850
Net investment income8,4625,5914,0073,4263,9673,713
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
   (25)(1,048)(287)(235)
Gross profit:8,4765,7654,0962,5173,8233,615
Operating expenses(1,065)(1,024)(1,329)(635)(596)(591)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
80222200160183180
Operating income:7,4914,9632,9672,0423,4103,204
Nonoperating income
(Bank Owned Life Insurance Income)
665669646667
Interest and debt expense(3,477)(696)(89)(423)(988)(760)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (711)(829)(883)
Income from continuing operations before equity method investments, income taxes:4,0804,3232,9479721,6591,628
Other undisclosed loss from continuing operations before income taxes(1,696)(1,559)(1,356)   
Income from continuing operations before income taxes:2,3842,7641,5919721,6591,628
Income tax expense(413)(515)(294)(155)(248)(235)
Income from continuing operations:1,9712,2491,2978171,4111,393
Income before gain (loss) on sale of properties:1,2978171,4111,393
Net income:1,9712,2491,2978171,4111,393
Net loss attributable to noncontrolling interest(20)(11)(2)   
Net income attributable to parent:1,9512,2381,2958171,4111,393
Preferred stock dividends and other adjustments 8 (11)   
Other undisclosed net loss available to common stockholders, basic(142)(113)(131)(100)(74)(70)
Net income available to common stockholders, diluted:1,8172,1251,1537171,3371,323

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,9712,2491,2978171,4111,393
Other comprehensive income (loss)422(2,869)(421)448353(80)
Comprehensive income (loss):2,393(620)8761,2651,7641,313
Comprehensive loss, net of tax, attributable to noncontrolling interest(20)(11)(2)   
Comprehensive income (loss), net of tax, attributable to parent:2,373(631)8741,2651,7641,313

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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