Huntington Bancshares Incorporated (HBAN) financials
NASDAQ · Financial Services · Banks - Regional · 25,898 employees · CEO Stephen D. Steinour
- Price
- $15.78 -1.19%
- Market cap
- $31.8B
- Enterprise value
- $52.8B
- Last report
- Q3 '26 filed 2026-10-27
- Next report
- 2027-01-28
Revenue (TTM)$15.3B+24.3% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)20.0%-2.1 pp vs a year agoOperating income $3.06B
Net income (TTM)$2.49B+12.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$3.05B+1.1% vs a year agoCapex $208M
Diluted EPS (TTM)$1.26-11.9% vs a year agoSum of the last 4 quarters
Net cash$13.6B+413.6% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $31.8B EV $52.8B
- Revenue
- $15.3B Trailing 12 months
- Revenue growth
- – Next fiscal year
- Profit margin
- 16.3% Net income / revenue, TTM
- P/E
- 12.2×
- P/S
- 2.1× Price / sales, TTM
- EV / EBITDA
- 14.5× TTM
- Free cash flow
- $3.05B Trailing 12 months
- Net income
- $2.49B Trailing 12 months
- Revenue estimate
- – Next fiscal year
- Earnings
- 2027-01-28
- Dividend
- $0.62 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Revenue growth accelerating: 27.4% year on yearQ3 '26 revenue $4.11B, against an average of 18.7% over the four quarters before.
- Operating margin 20.0% (TTM), -2.1 pp on a year agoOperating income grew 12.4% while revenue grew 24.3%.
- Capex 1.4% of revenue (a year ago 0.2%)$208M invested in the last 4 quarters (+670.4% on a year earlier). Free cash flow $3.05B = 122.3% of net income.
- Returned $1.51B to shareholders = 49.7% of free cash flowBuybacks $409M (a year earlier $410M), dividends $1.11B, stock-based pay $148M (TTM).
- Diluted share count up 37.8% in a year2.05B diluted shares in Q3 '26, 1.49B a year earlier.
- Net cash $13.6BCash + short-term investments $37B, debt incl. leases $23.4B; a year ago net debt $4.34B.
Last quarter: Q3 '26
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $4.11B | $3.23B | +27.4% |
| Gross margin | 64.9% | 62.3% | +2.6 pp |
| Operating income | $896M | $766M | +17.0% |
| Operating margin | 21.8% | 23.7% | -1.9 pp |
| Net income | $721M | $629M | +14.6% |
| Diluted EPS | $0.33 | $0.41 | -19.5% |
| Operating cash flow | $773M | $487M | +58.7% |
| Capex | $90M | -$108M | +183.3% |
| Free cash flow | $683M | $595M | +14.8% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $53M | $31M | +71.0% |
Revenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q3 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Consumer & Regional Banking | – | – | – | – | – | |
| Commercial Banking | – | – | – | – | – | |
| Cards And Payment Processing Revenue | $197M | +22.4% | 46.0% | – | – | |
| Trust And Investment Management Services Revenue | $131M | +26.0% | 30.6% | – | – | |
| Service Charges Revenue | $75M | +13.6% | 17.5% | – | – | |
| Treasury / Other | – | – | – | – | – | |
| Insurance Revenue | – | – | – | – | – | |
| Other Revenue | $25M | 0.0% | 5.8% | – | – | |
| Leasing Revenue | – | – | – | – | – |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $3.25B
- Capex
- -$208M
- Buybacks
- -$409M
- Dividends
- -$1.11B
- Acquisitions
- $2.54B
- Net debt issued
- -$939M
- Stock-based compensation
- $148M
- Free cash flow
- $3.05B
- Returned to shareholders / FCF
- 49.7%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 12.2× | 12.4× | 9.6× – 16.9× |
| EV / EBITDA | 14.5× | 9.2× | 6.6× – 12.3× |
| EV / Sales | 3.5× | 2.8× | 2.0× – 3.5× |
| Price / FCF | 10.4× | 9.8× | 5.3× – 14.1× |
| Price / Book | 1.0× | 1.1× | 1.0× – 1.2× |
| FCF yield | 9.6% | 11.5% | 7.1% – 18.8% |
| Return on invested capital | 5.0% | 3.7% | -2.0% – 6.4% |
| Return on equity | 8.2% | 9.7% | 6.7% – 12.6% |
Analysts
Consensus target $19.33 (+22.5%)
range $18.00 – $21.00 · rating Hold
Strong buy1
Buy21
Hold24
Sell3
Strong sell0
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 412 figures Huntington Bancshares Incorporated tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| $0 | – | – | – | – | – | |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.19B2025-12-31 | $1.17B | +2.0% | $1.19B | $1.17B | +2.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2.97B | -$2.07B | -43.6% | -$1.91B | -$2.87B | +33.4% |
| Additional Paid in Capital | $25.1B | $15.5B | +61.6% | $17.2B | $15.5B | +11.4% |
| Amortization of Intangible Assets | $49M | $11M | +345.5% | $46M | $47M | -2.1% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $53M | $31M | +71.0% | $113M | $106M | +6.6% |
| Assets | $288B | $210B | +36.9% | $225B | $204B | +10.2% |
| Bad Debt Reserve, Tax Purpose of Qualified Lender | $182M2025-12-31 | $182M | 0.0% | $182M | $182M | 0.0% |
| Bank Owned Life Insurance | $3.69B | $2.81B | +31.2% | $2.9B | $2.79B | +3.9% |
| Banking Regulation, Capital Conservation Buffer, Total Risk-Based Capital, Actual | 2.5%2025-12-31 | 2.5% | 0.0% | 2.5% | 2.5% | 0.0% |
| Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Actual | 10.4%2025-12-31 | 10.5% | -1.0% | 10.4% | 10.5% | -1.0% |
| Banking Regulation, Common Equity Tier One Risk-Based Capital, Actual | $17.3B2025-12-31 | $15.1B | +14.3% | $17.3B | $15.1B | +14.3% |
| Banking Regulation, Tier One Leverage Capital Ratio, Actual | 9.3%2025-12-31 | 8.6% | +8.1% | 9.3% | 8.6% | +8.1% |
| Banking Regulation, Tier One Leverage Capital Ratio, Capital Adequacy, Minimum | 4.0%2025-12-31 | 4.0% | 0.0% | 4.0% | 4.0% | 0.0% |
| Banking Regulation, Tier One Leverage Capital, Actual | $20B2025-12-31 | $17.1B | +16.9% | $20B | $17.1B | +16.9% |
| Banking Regulation, Tier One Risk-Based Capital Ratio, Actual | 12.0%2025-12-31 | 11.9% | +0.8% | 12.0% | 11.9% | +0.8% |
| Banking Regulation, Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum | 6.0%2025-12-31 | 6.0% | 0.0% | 6.0% | 6.0% | 0.0% |
| Banking Regulation, Tier One Risk-Based Capital Ratio, Well Capitalized, Minimum | 6.0%2025-12-31 | 6.0% | 0.0% | 6.0% | 6.0% | 0.0% |
| Banking Regulation, Tier One Risk-Based Capital, Actual | $20B2025-12-31 | $17.1B | +16.9% | $20B | $17.1B | +16.9% |
| Banking Regulation, Total Capital, Actual | $23.6B2025-12-31 | $20.6B | +14.7% | $23.6B | $20.6B | +14.7% |
| Banking Regulation, Total Risk-Based Capital Ratio, Actual | 14.2%2025-12-31 | 14.3% | -0.7% | 14.2% | 14.3% | -0.7% |
| Banking Regulation, Total Risk-Based Capital Ratio, Capital Adequacy, Minimum | 8.0%2025-12-31 | 8.0% | 0.0% | 8.0% | 8.0% | 0.0% |
| Banking Regulation, Total Risk-Based Capital Ratio, Well Capitalized, Minimum | 10.0%2025-12-31 | 10.0% | 0.0% | 10.0% | 10.0% | 0.0% |
| Cash Acquired from Acquisition | $0 | $0 | – | $864M | $0 | – |
| Cash and Due from Banks | $2.38B | $1.7B | +40.2% | $1.78B | $1.69B | +5.8% |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | -$3M | -$4M | +25.0% | -$15M | -$43M | +65.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $16.8B | $12.7B | +32.0% | $13.5B | $12.8B | +5.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.22B | $2.38B | -48.8% | $648M | $2.72B | -76.2% |
| Collateral Already Posted, Aggregate Fair Value | $467M | $111M | +320.7% | $174M | $381M | -54.3% |
| Common Stock, Dividends, Per Share, Declared | $0.16 | $0.16 | 0.0% | $0.62 | $0.62 | 0.0% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 2.25B | 2.25B | 0.0% | 2.25B | 2.25B | 0.0% |
| Common Stock, Shares, Issued | 2.02B | – | – | 1.57B | 1.45B | +7.8% |
| Common Stock, Shares, Outstanding | 2.02B | 1.46B | +38.1% | 1.57B | 1.45B | +7.8% |
| Common Stock, Value, Issued | $20M | $15M | +33.3% | $16M | $15M | +6.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $3M | $4M | -25.0% | $18M | $20M | -10.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$40M | $804M | -105.0% | $3.17B | $1.75B | +81.1% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | -$37M | $808M | -104.6% | $3.19B | $1.77B | +80.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $778M | $411M | +89.3% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $5M | $15M | -66.7% |
| Current Income Tax Expense (Benefit) | – | – | – | $862M | $469M | +83.8% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $79M | $43M | +83.7% |
| Debt and Equity Securities, Gain (Loss) | $0 | $0 | – | -$58M | $0 | – |
| Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss | $156M | $89M | +75.3% | $106M | $89M | +19.1% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $5M | $58M | -91.4% | $66M | $13M | +407.7% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $3.55B | $2.58B | +37.9% | $2.44B | $3.48B | -29.8% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10 | $23.7B | $19B | +25.2% | $19.7B | $19.3B | +2.0% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $2.33B | $1.92B | +21.1% | $1.9B | $1.86B | +2.3% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $8.68B | $5.63B | +54.3% | $5.58B | $5.99B | -6.9% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $3.42B | $2.1B | +62.8% | $1.37B | $3.62B | -62.2% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $14.2B | $17.4B | -18.0% | $16.5B | $18B | -8.5% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $3.17B | $2.56B | +23.6% | $2.43B | $3.41B | -28.7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $18.9B | $1.22B | +1,446.7% | $1.2B | $4.73B | -74.7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $385M | $13M | +2,861.5% | $14M | $74M | -81.1% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $20.6B | $16.6B | +24.3% | $17.4B | $16.1B | +8.2% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $2.13B | $1.8B | +18.7% | $1.78B | $1.73B | +3.0% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $8.51B | $5.64B | +51.0% | $5.6B | $5.84B | -4.3% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $3.41B | $2.1B | +62.6% | $1.37B | $3.62B | -62.3% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $33.1B | $18.6B | +78.3% | $17.7B | $22.8B | -22.3% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $3.55B | $2.58B | +37.9% | $2.44B | $3.48B | -29.8% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02