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Huntington Bancshares Incorporated logo

Huntington Bancshares Incorporated Income Statement

Revenue, expenses, and profitability over time
Total Revenue (TTM)$8.8BNet Income (TTM)$2.2BEps Diluted (TTM)$1.30

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits$715M$671M$722M$757M$845M$992M
Occupancy and equipment$56M$65M$54M$57M$56M$85M
Other operating expenses$80M$76M$88M$79M$99M$133M
Professional fees$5M$22M$20M$9M$89M$44M
Provision for credit losses—$13M-$31M$4M—-$92M
Selling and marketing$28M$29M$28M$34M$36M$37M
Total operating expenses$1.2B$1.2B$1.2B$1.2B$1.4B$1.8B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.34$0.34$0.35$0.41$0.30$0.26
Diluted earnings per share$0.34$0.34$0.34$0.41$0.30$0.25
Weighted-average shares, basic1.5B1.5B1.5B1.5B1.5B1.9B
Weighted-average shares, diluted1.5B1.5B1.5B1.5B1.5B1.9B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$669M$653M$638M$766M$631M$641M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$135M$122M$96M$133M$108M$114M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$1.1B$1.1B$1.1B$1.1B$1.1B$1.2B
Interest income$1.9B$1.9B$2B$2.1B$2.2B$2.5B
Net investment gains (losses)-$21M$0-$58M——$13M
Other income (expense), net—-$4M$21M$58M—$44M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income attributable to noncontrolling interests—$4M$6M$4M—$4M
Net income$530M$527M$536M$629M$519M$523M
Preferred stock dividends$27M$27M$27M$27M$43M$41M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$1.4B$1.4B$1.5B$1.5B$1.6B$1.9B
Net interest income after provision for credit losses$1.3B$1.3B$1.4B$1.4B$1.5B$1.7B
Total interest income$2.5B$2.5B$2.6B$2.6B$2.7B$3.1B
Total noninterest income$559M$494M$471M$628M$582M$682M
Total revenue$2B$1.9B$1.9B$2.1B$2.2B$2.6B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Income and Other Assets$125M-$52M$262M$217M$398M$780M
Share-based compensation expense related to employee stock plans—$21M$32M$31M—$45M
Amortization of capitalized software and acquired intangible assets$12M$11M$11M$11M$13M$41M
Cash Acquired From Acquisition—$0———$1.7B
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation—$2.5B-$5B——$5.7B
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months—$30M———-$11M
Dividends declared (in dollars per share)—$0.15$0.15$0.15—$0.15
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$960M$723M$804M—$372M
Less: comprehensive income attributable to noncontrolling interest—$4M$6M$4M—$4M
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest—$964M$729M$808M—$376M
Deferred taxes—-$25M-$148M-$94M-$136M-$83M
Depreciation, Amortization and Accretion, Net$130M$209M$188M$175M$190M$191M
Depreciation Nonproduction$3M$4M$2M$4M$3M$3M
Number of primary groups—————2.00
Direct Financing Lease Interest Income—$89M$92M$93M—$98M
Dividends, Common Stock, Cash—$230M$230M$230M—$318M
Dividends on preferred shares$27M$27M$27M$27M$43M$41M
Equipment$70M$67M$68M$66M$67M$93M
Included in OCI—$0$0$0—$0
Fair Value, Net Derivative Asset (Liability) Measured On Recurring Basis, Unobservable Inputs Reconciliation, Repayments—$0———$0
Change in unrealized gains (losses) for the period included in earnings for assets held at end of the reporting date—$3M$2M-$1M—$1M
Transfers into Level 3—$0$0$0—$0
Transfers out of Level 3—$7M$10M$14M—$13M
Purchases/originations—$0$0$0—$0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements—-$3M-$3M-$2M—-$2M
Realized and unrealized gains (losses): Included in income (loss)—————$13M
FDIC assessments$42M$37M$22M$31M—$35M
Principal payments received under direct finance leases$425M$356M$384M$622M$494M$428M
Allowance for credit losses for acquired credit deteriorated receivables—————$322M
Allowance on purchased seasoned loans and leases at acquisition—————$245M
Provision for credit losses$107M$115M$103M$122M$123M$158M
Gross charge-offs—$133M$111M$137M—$173M
Financing Receivable, Excluding Accrued Interest, Allowance For Credit Loss, Writeoff, Including Writeoff From Acquisition—————$173M
ACL, period increase (decrease)—$32M$37M$47M—$625M
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery—$47M$45M$62M—$62M
Provision for credit losses—$105M$134M$118M—$250M
Amortized Cost—$348M$294M$287M—$252M
Prior—$18M$14M$27M—$67M
Revolving Loans—$10M$10M$9M—$17M
Revolving Loans Converted to Term—$11M$12M$14M—$14M
Term loan by year, year 4—$44M$18M$11M—$16M
Term loan by year, year 1—$1M$7M$10M—$2M
Term loan by year, year 2—$18M$16M$19M—$30M
Term loan by year, year 3—$21M$26M$39M—$19M
Term loan by year, year 5—$10M$8M$8M—$8M
Percent of total loans—0.3%0.2%0.2%—0.1%
Goodwill Additions—————$3.5B
Currency exchange and other—————-$33M
Income Taxes Paid, Net$19M$34M$125M$61M$54M$30M
Increase (Decrease) in Deposits—$2.9B—$1.8B—$3.3B
Increase (Decrease) in Loan, Held-for-Sale—-$70M$296M——-$468M
Short-term borrowings—$503M——$69M$144M
Increase (decrease) in all other liabilities—-$543M$462M-$183M$494M$47M
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI-$419M$424M$4M——$136M
Increase (decrease) to net interest income due to derivative adjustment—-$18M-$7M-$38M—-$15M
Add - Incremental shares associated with contingently issuable shares (in shares)—7M7.1M7M—7.2M
Add - Incremental shares under stock-based compensation plans (in shares)—$20.3M$16.6M$18.5M—$24.1M
Data processing and equipment$167M$170M$182M$198M$222M$311M
Interest and Dividend Income, Operating$2.5B$2.5B$2.6B$2.6B$2.7B$3.1B
Interest Income, Held-to-maturity$104M$108M$107M$105M$103M$99M
Interest and Fee Income, Loans and Leases$1.9B$1.9B$2B$2.1B$2.2B$2.5B
Interest Expense, Deposits$863M$810M$822M$830M$820M$920M
Long-term debt$235M$239M$254M$251M$243M$259M
Interest Income (Expense), after Provision for Loan Loss$1.3B$1.3B$1.4B$1.4B$1.5B$1.7B
Interest Income (Expense), Operating$1.4B$1.4B$1.5B$1.5B$1.6B$1.9B
Other securities—taxable$12M$12M$12M$12M$11M$16M
Interest Paid, Excluding Capitalized Interest, Operating Activity$1.1B$1.1B$1B$1.1B$1B$1.2B
Marketing$29M$29M———$37M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$3.9B$4.1B—$2.2B$1.3B$5.3B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$4.8B-$2.2B-$2.5B-$266M-$1.4B-$135M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.1B$513M$554M$487M$928M$524M
Net Income Loss Attributable To Noncontrolling Interest—$4M$6M$4M—$4M
Noninterest Expense$1.2B$1.2B$1.2B$1.2B$1.4B$1.8B
Number of reportable segments—2.00———2.00
Acquired unfunded lending commitments—————$11M
Net unrealized debt securities gains (losses), net of tax—$255M$97M$153M—-$76M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent—$0-$1M$0—-$1M
Foreign currency translation—$1M$6M-$1M—$0
AOCI before reclass, net of taxes—$409M$130M$167M—-$137M
Change in net unrealized gain (loss) on derivative instruments—$177M$83M$23M—-$76M
Other comprehensive income (loss)—$433M$187M$175M—-$151M
Other comprehensive income/(loss)—$433M$187M$175M—-$151M
Other Interest And Dividend Income$154M$143M$157M$154M$139M$162M
Other Noncash Income (Expense)—-$4M$21M$58M$0$44M
Other noninterest expense, including corporate allocations—$481M$475M$489M—$782M
Payments for (Proceeds from) Interest Receivables and Other Receivables Activity$561M-$476M-$56M$60M$804M-$676M
Payment for (Proceeds from) Other Investing Activity-$27M-$15M-$16M-$20M-$30M$8M
Payments for (Proceeds from) Other Loans and Leases—$2.9B$3B$3.7B—$2.8B
Payments for Repurchase of Common Stock—$0———$150M
Payments of Ordinary Dividends, Common Stock$226M$226M$227M$227M$228M$248M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$36M$27M$27M$27M$27M$43M
Payments to Acquire Debt Securities, Available-for-Sale$3.4B$1.6B$2.3B$162M$1.3B$7.1B
Payments to Acquire Finance Receivables$333M$195M$122M$310M$354M$164M
Payments to Acquire Held-to-Maturity Securities$1B$515M———$0
Payments To Acquire Other Securities$0$97M$23M$39M$52M$225M
Payments to Acquire Property, Plant, and Equipment$27M$54M$54M$41M$118M$124M
Debt issued (Note 13)$2.3B$2B$48M$461M$38M$5.4B
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities$343M$571M$354M$373M$344M$494M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$2.8B$1.5B$1.2B$2.6B$1.8B$2B
Proceeds from maturities of investments$3M$40M$25M$42M$2M$197M
Proceeds From Payments For In Interest Bearing Deposits In Banks—$183M$2M$100M—$149M
Financing — other-$10M-$29M-$33M-$11M-$17M-$58M
Proceeds from (Repayments of) Short-Term Debt-$461M-$82M-$56M$12M$911M-$1.1B
Sale of investments$980M$0$850M$10M$831M$4.5B
Proceeds from Sale, Loan, Held-for-Investment—$49M$112M$215M—$133M
Reclassified net gains (losses) from AOCI into earnings—-$24M-$57M-$8M—$14M
Repayments of Long-Term Debt$1.3B$378M$758M$623M$294M$1.9B
Revenue From Contract With Customer Excluding Assessed Tax$410M$351M$377M$424M$410M$472M
Revenue from contracts outside the scope of ASC Topic 606—$143M$94M$204M—$210M
Stock-based compensation$25M$21M$32M$31M$29M$45M
Other share-based compensation activity—-$26M-$9M$0—-$49M
Stock Issued During Period, Value, Conversion of Convertible Securities—————$117M
Value of shares repurchased—————$150M
Stockholders' Equity, Other—-$2M$11M$7M—-$4M
Loans reclassified to held for sale$122M$73M$95M$215M$605M$140M
Add: dilutive effect of potential common shares (in shares)—$27.4M$23.7M$25.5M—$31.3M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total interest expense (banking)$863M$810M$822M$830M$820M$920M