Huntington Bancshares
HBAN · NasdaqNational Commercial Banks · Fiscal year ends Dec 31
Huntington Bancshares reported revenue of $1.6B in the fiscal year ended Dec 2025, up 6.4% from the year before. Net income was $2.2B. Operating cash flow of $2.5B less capital expenditure of $267M left free cash flow of $2.2B. Net debt was $5B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.3B | $1.4B | $1.5B | $1.6B |
| Net interest incomeBanks | $4.1B | $5.3B | $5.4B | $5.3B | $6B |
| Interest expense | $89M | $696M | $3.5B | – | – |
| Pre-tax income | $1.6B | $2.8B | $2.4B | $2.4B | $2.7B |
| Income tax | $294M | $515M | $413M | $443M | $459M |
| Net income | $1.3B | $2.2B | $2B | $1.9B | $2.2B |
| Diluted EPS | 0.90 | 1.45 | 1.24 | 1.22 | 1.39 |
| Diluted shares | 1,287M | 1,465M | 1,468M | 1,476M | 1,505M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $5.5B | $6.7B | $10.1B | $12.8B | $13.5B |
| Net PP&E | $1.2B | $1.2B | $1.1B | $1.1B | $1.3B |
| Goodwill | $5.3B | $5.6B | $5.6B | $5.6B | $6B |
| Total assets | $174B | $183B | $189B | $204B | $225B |
| Short-term debt | $334M | $2B | $620M | $199M | $1.3B |
| Long-term debt | $7.1B | $9.7B | $12.4B | $16.4B | $17.2B |
| DepositsBanks | $143B | $148B | $151B | $162B | $177B |
| Total liabilities | $155B | $165B | $170B | $184B | $201B |
| Shareholders' equity | $19.3B | $17.7B | $19.4B | $19.7B | $24.3B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $2.1B | $4B | $2.7B | $1.8B | $2.5B |
| Capital expenditure | $247M | $214M | $140M | $143M | $267M |
| Free cash flow | $1.8B | $3.8B | $2.5B | $1.7B | $2.2B |
| Depreciation & amortisation | $391M | $484M | $798M | $622M | $762M |
| Stock-based compensation | $129M | $105M | $97M | $106M | $113M |
| Acquisitions | – | $223M | $0 | $0 | – |
| Share buybacks | $650M | $0 | $0 | – | – |
| Dividends paid | $750M | $897M | $900M | $903M | $908M |
| Dividend per share | 0.60 | 0.62 | 0.62 | 0.62 | 0.62 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 18.4% | 6.2% | 4.9% | 6.4% |
| EPS growth (YoY) | – | 61.1% | −14.5% | −1.6% | 13.9% |
| Net margin | 116.4% | 169.8% | 139.4% | 132.2% | 141.5% |
| Return on equityBlank when equity is negative | 6.7% | 12.6% | 10.1% | 9.8% | 9.1% |
| Free cash flow margin | 163.1% | 289.3% | 179.8% | 115.3% | 141.8% |
| Cash conversion (CFO ÷ net income) | 1.59x | 1.80x | 1.36x | 0.95x | 1.12x |
| Debt ÷ equity | 0.39x | 0.66x | 0.67x | 0.84x | 0.76x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $1.9B | $5B | $2.9B | $3.7B | $5B |
Recent filings
More in National Commercial Banks
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.