Huntington Historical Income Statement

HBAN Stock

USD 18.01 0.01 0.06%

Historical analysis of Huntington Bancshares income statement accounts such as Operating Income of 2.5 B or Ebit of 2.5 B can show how well Huntington Bancshares Incorporated performed in making a profits. Evaluating Huntington Bancshares income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Huntington Bancshares's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Huntington Bancshares latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Huntington Bancshares is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huntington Bancshares Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

About Huntington Income Statement Analysis

Huntington Bancshares Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Huntington Bancshares shareholders. The income statement also shows Huntington investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Huntington Bancshares Income Statement Chart

At this time, Huntington Bancshares' Net Income is very stable compared to the past year. As of the 30th of November 2024, Income Tax Expense is likely to grow to about 433.6 M, though Cost Of Revenue is likely to grow to (1.5 B).

Operating Income Ebitda Net Income Selling General Administrative Tax Provision Net Interest Income

Operating Income

Operating Income is the amount of profit realized from Huntington Bancshares operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Huntington Bancshares Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Huntington Bancshares financial statement analysis. It represents the amount of money remaining after all of Huntington Bancshares Incorporated operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most accounts from Huntington Bancshares' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Huntington Bancshares current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huntington Bancshares Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

	2021	2022	2023	2024 (projected)
EBIT	1.7B	3.0B	2.4B	2.5B
Operating Income	1.6B	3.8B	2.4B	2.5B

Ebit Operating Income

Huntington Bancshares income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Cost Of Revenue	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.74	0.55	0.63	0.74	0.71	0.71	0.62	0.9	0.75	0.74	0.68	0.72	0.71	0.04	-0.35	0.59	0.63	0.64	0.74	0.7	-0.55
Other Operating Expenses	0.74		0.27	0.3	0.38	0.84	0.38	0.37	0.52	0.3	0.46	0.24	0.36	0.39	0.33	-0.72	0.29	0.37	0.17	0.35	0.82	0.02
Operating Income	0.55	0.27		0.98	0.94	0.17	0.96	0.9	0.67	0.82	0.64	0.88	0.35	0.96	-0.15	0.23	0.9	0.77	0.85	0.79	-0.06	-0.74
Ebit	0.63	0.3	0.98		0.99	0.18	0.98	0.89	0.76	0.89	0.67	0.93	0.53	0.97	-0.13	0.2	0.9	0.72	0.87	0.82	0.05	-0.82
Ebitda	0.74	0.38	0.94	0.99		0.28	0.97	0.87	0.86	0.91	0.73	0.93	0.61	0.96	-0.17	0.09	0.88	0.74	0.88	0.85	0.18	-0.82
Total Operating Expenses	0.71	0.84	0.17	0.18	0.28		0.27	0.38	0.54	0.29	0.61	0.2	0.25	0.3	0.0	-0.8	0.18	0.45	0.16	0.29	0.74	0.15
Net Income	0.71	0.38	0.96	0.98	0.97	0.27		0.92	0.76	0.93	0.73	0.95	0.57	1.0	0.0	0.17	0.91	0.77	0.9	0.86	0.09	-0.78
Income Tax Expense	0.62	0.37	0.9	0.89	0.87	0.38	0.92		0.66	0.89	0.8	0.9	0.48	0.94	-0.05	0.09	0.82	0.78	0.79	0.74	0.02	-0.61
Depreciation And Amortization	0.9	0.52	0.67	0.76	0.86	0.54	0.76	0.66		0.8	0.77	0.76	0.72	0.76	-0.28	-0.24	0.66	0.65	0.73	0.78	0.53	-0.69
Selling General Administrative	0.75	0.3	0.82	0.89	0.91	0.29	0.93	0.89	0.8		0.82	0.99	0.77	0.93	-0.01	0.15	0.82	0.69	0.89	0.84	0.13	-0.79
Selling And Marketing Expenses	0.74	0.46	0.64	0.67	0.73	0.61	0.73	0.8	0.77	0.82		0.76	0.58	0.75	-0.08	-0.26	0.62	0.73	0.68	0.67	0.25	-0.42
Total Revenue	0.68	0.24	0.88	0.93	0.93	0.2	0.95	0.9	0.76	0.99	0.76		0.69	0.95	-0.03	0.25	0.85	0.7	0.91	0.85	0.03	-0.82
Gross Profit	0.72	0.36	0.35	0.53	0.61	0.25	0.57	0.48	0.72	0.77	0.58	0.69		0.55	0.17	-0.08	0.44	0.25	0.53	0.58	0.45	-0.62
Income Before Tax	0.71	0.39	0.96	0.97	0.96	0.3	1.0	0.94	0.76	0.93	0.75	0.95	0.55		-0.03	0.16	0.91	0.79	0.9	0.86	0.08	-0.77
Total Other Income Expense Net	0.04	0.33	-0.15	-0.13	-0.17	0.0	0.0	-0.05	-0.28	-0.01	-0.08	-0.03	0.17	-0.03		-0.04	-0.02	-0.2	-0.13	-0.06	0.13	0.2
Cost Of Revenue	-0.35	-0.72	0.23	0.2	0.09	-0.8	0.17	0.09	-0.24	0.15	-0.26	0.25	-0.08	0.16	-0.04		0.23	0.02	0.3	0.14	-0.76	-0.52
Net Income From Continuing Ops	0.59	0.29	0.9	0.9	0.88	0.18	0.91	0.82	0.66	0.82	0.62	0.85	0.44	0.91	-0.02	0.23		0.88	0.95	0.94	-0.01	-0.74
Tax Provision	0.63	0.37	0.77	0.72	0.74	0.45	0.77	0.78	0.65	0.69	0.73	0.7	0.25	0.79	-0.2	0.02	0.88		0.86	0.88	0.05	-0.52
Net Interest Income	0.64	0.17	0.85	0.87	0.88	0.16	0.9	0.79	0.73	0.89	0.68	0.91	0.53	0.9	-0.13	0.3	0.95	0.86		0.96	-0.03	-0.82
Interest Income	0.74	0.35	0.79	0.82	0.85	0.29	0.86	0.74	0.78	0.84	0.67	0.85	0.58	0.86	-0.06	0.14	0.94	0.88	0.96		0.18	-0.77
Reconciled Depreciation	0.7	0.82	-0.06	0.05	0.18	0.74	0.09	0.02	0.53	0.13	0.25	0.03	0.45	0.08	0.13	-0.76	-0.01	0.05	-0.03	0.18		0.02
Extraordinary Items	-0.55	0.02	-0.74	-0.82	-0.82	0.15	-0.78	-0.61	-0.69	-0.79	-0.42	-0.82	-0.62	-0.77	0.2	-0.52	-0.74	-0.52	-0.82	-0.77	0.02

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Huntington Bancshares Account Relationship Matchups

Huntington Bancshares income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	988M	423M	89M	696M	3.5B	3.7B
Other Operating Expenses	3.0B	(3.8B)	(4.4B)	91M	7.4B	7.7B
Operating Income	1.7B	972M	1.6B	3.8B	2.4B	2.5B
Ebit	1.7B	1.2B	1.7B	3.0B	2.4B	2.5B
Ebitda	1.7B	1.3B	2.0B	3.2B	3.2B	3.3B
Total Operating Expenses	(3.0B)	(3.8B)	(4.4B)	91M	7.4B	7.7B
Net Income	1.4B	817M	1.3B	2.2B	2.0B	2.0B
Income Tax Expense	248M	155M	294M	515M	413M	433.7M
Depreciation And Amortization	49M	160M	267M	280M	798M	837.9M
Selling General Administrative	1.7B	1.7B	2.4B	2.5B	2.8B	3.0B
Selling And Marketing Expenses	37M	38M	89M	91M	115M	120.8M
Total Revenue	4.7B	4.8B	6.0B	7.3B	6.9B	7.3B
Gross Profit	4.7B	4.8B	6.0B	1.3B	6.9B	7.3B
Income Before Tax	1.7B	972M	1.6B	2.8B	2.4B	2.5B
Total Other Income Expense Net	1.7B	(283M)	(414M)	(534M)	20M	21M
Net Income Applicable To Common Shares	1.3B	717M	1.2B	2.1B	2.4B	2.6B
Net Income From Continuing Ops	1.4B	817M	1.3B	2.2B	2.4B	1.2B
Preferred Stock And Other Adjustments	74M	100M	142M	113M	130.0M	76.8M
Tax Provision	248M	155M	294M	515M	558M	322.9M
Net Interest Income	3.2B	3.2B	4.1B	5.3B	5.6B	3.9B
Interest Income	4.2B	3.6B	4.2B	6.0B	8.4B	4.7B
Reconciled Depreciation	386M	367M	89M	98M	687M	721.4M

Pair Trading with Huntington Bancshares

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Huntington Bancshares position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Huntington Bancshares will appreciate offsetting losses from the drop in the long position's value.

Moving together with Huntington Stock

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0.93	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.64	KB	KB Financial Group	Pair Corr

Moving against Huntington Stock

0.69	CFG-PE	Citizens Financial	Pair Corr
0.68	TFC-PO	Truist Financial	Pair Corr
0.64	TFC-PR	Truist Financial	Pair Corr
0.33	WF	Woori Financial Group	Pair Corr

The ability to find closely correlated positions to Huntington Bancshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Huntington Bancshares when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Huntington Bancshares - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Huntington Bancshares Incorporated to buy it.

The correlation of Huntington Bancshares is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Huntington Bancshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Huntington Bancshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Huntington Bancshares can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Huntington Bancshares is a strong investment it is important to analyze Huntington Bancshares' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Huntington Bancshares' future performance. For an informed investment choice regarding Huntington Stock, refer to the following important reports:

How To Invest In Huntington

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Is Huntington Stock a good investment?

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What is Huntington Bancshares' Net Worth?

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Largest Regional Banks Companies

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Largest Banks - Regional Companies

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You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Huntington Bancshares. If investors know Huntington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Huntington Bancshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.06)

Dividend Share

0.62

Earnings Share

1.03

Revenue Per Share

4.613

Quarterly Revenue Growth

(0.01)

The market value of Huntington Bancshares is measured differently than its book value, which is the value of Huntington that is recorded on the company's balance sheet. Investors also form their own opinion of Huntington Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Huntington Bancshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Huntington Bancshares' market value can be influenced by many factors that don't directly affect Huntington Bancshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Huntington Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Huntington Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Huntington Bancshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Huntington Historical Income Statement

About Huntington Income Statement Analysis

Huntington Bancshares Income Statement Chart

Operating Income

Net Income

Tax Provision

Net Interest Income

Huntington Bancshares income statement Correlations

Huntington Bancshares Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Huntington Bancshares income statement Accounts

Pair Trading with Huntington Bancshares

Moving together with Huntington Stock

Moving against Huntington Stock

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COMPANY

Income Before Tax	+ 1.0	Net Income
Ebitda	+ 0.99	Ebit
Total Revenue	+ 0.99	Selling General Administrative
Ebit	+ 0.98	Operating Income
Net Income	+ 0.98	Ebit
Income Before Tax	+ 0.97	Ebit

Extraordinary Items	- 0.82	Net Interest Income
Extraordinary Items	- 0.82	Total Revenue
Extraordinary Items	- 0.82	Ebitda
Extraordinary Items	- 0.82	Ebit
Cost Of Revenue	- 0.8	Total Operating Expenses
Extraordinary Items	- 0.79	Selling General Administrative