Huntington Bancshares Incorporated (HBAN) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,8971,9161,6873,2371,6061,518884
Cash and cash equivalents2,2031,4361,1472,6721,5201,385847
Short-term investments6944805405658613337
Total current assets:2,8971,9161,6873,2371,6061,518884
Noncurrent Assets
Operating lease, right-of-use asset316199210
Property, plant and equipment1,164757763790864816621
Intangible assets, net (including goodwill)6,2022,6092,6972,8052,3392,395732
Goodwill5,3491,9901,9901,9891,9931,993677
Intangible assets, net (excluding goodwill)85361970781634640255
Total noncurrent assets:7,6823,5653,6703,5953,2033,2111,352
Other undisclosed assets163,485117,557103,645101,94999,37694,98568,808
TOTAL ASSETS:174,064123,038109,002108,781104,18599,71471,045
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      2
Employee-related liabilities      2
Debt3341832,6062,0175,0563,693615
Total current liabilities:3341832,6062,0175,0563,693617
Noncurrent Liabilities
Other undisclosed liabilities154,412109,86294,60195,66288,31585,71363,833
Total liabilities:154,746110,04597,20797,67993,37189,40664,450
Stockholders' equity
Stockholders' equity attributable to parent, including:19,29712,99311,79511,10210,81410,3086,595
Preferred stock2,1672,1911,2031,2031,071  
Common stock1410101111118
Treasury stock, value(79)(59)(56)(45)(35)(27)(18)
Additional paid in capital15,2228,7818,8069,1819,7079,8817,039
Accumulated other comprehensive income (loss)(229)192(256)(609)(528)(401)(226)
Retained earnings (accumulated deficit)2,2021,8782,0881,361588(227)(594)
Other undisclosed stockholders' equity attributable to parent     1,071386
Stockholders' equity attributable to noncontrolling interest21      
Total stockholders' equity:19,31812,99311,79511,10210,81410,3086,595
TOTAL LIABILITIES AND EQUITY:174,064123,038109,002108,781104,18599,71471,045

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,1213,5654,1103,8503,8613,2302,688
Net investment income4,0073,4263,9673,7133,2402,4942,028
Financial services revenue621736660
Cost of revenue(25)(1,048)(287)(235)(201)(191)(100)
Provision for loan, lease, and other losses(25)(1,048)(287)(235)
Financial services costs(201)(191)(100)
Gross profit:4,0962,5173,8233,6153,6603,0392,588
Operating expenses(1,329)(635)(596)(591)(2,178)(1,975)(1,578)
Other operating income, net
(Noninterest Income, Other Operating Income)
200160183180185129133
Operating income:2,9672,0423,4103,2041,6671,1941,142
Nonoperating income69646667735550
Bank owned life insurance income69646667675852
Interest and debt expense(89)(423)(988)(760)(431)(263)(164)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (711)(829)(883)85(66)(115)
Income from continuing operations before equity method investments, income taxes:2,9479721,6591,6281,394920914
Other undisclosed loss from continuing operations before income taxes(1,356)      
Income from continuing operations before income taxes:1,5919721,6591,6281,394920914
Income tax expense(294)(155)(248)(235)(208)(208)(221)
Net income:1,2978171,4111,3931,186712693
Net loss attributable to noncontrolling interest(2)      
Net income attributable to parent:1,2958171,4111,3931,186712693
Preferred stock dividends and other adjustments(11)      
Other undisclosed net loss available to common stockholders, basic(131)(100)(74)(70)(76)(65)(32)
Net income available to common stockholders, basic:1,1537171,3371,3231,110647661
Dilutive securities, effect on basic earnings per share    31  
Net income available to common stockholders, diluted:1,1537171,3371,3231,141647661

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,2978171,4111,3931,186712693
Other comprehensive income (loss)(421)448353(80)(34)(175)(4)
Comprehensive income:8761,2651,7641,3131,152537689
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)      
Comprehensive income, net of tax, attributable to parent:8741,2651,7641,3131,152537689

Statements sources

The financial statements are based on the company's filings with the 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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