HBAN

MKT CAP:$26B

Huntington Bancshares Incorporated

Market Cap

$26B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$16.83-$0.65 (-3.72%)

Apr 23, 2026

Company Details

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Con...

CEO

Stephen D. Steinour

IPO Date

Mar 17, 1980

Website

www.huntington.com

Key Metrics TTM

Revenue

$12.5B

+16.1% YoY

Net Income

$2.2B

EPS (Diluted)

$1.39

Free Cash Flow

$3.2B

Revenue / Share

$7.98

Gross Margin

61.6%

Operating Margin

21.7%

Net Margin

17.6%

FCF Margin

25.7%

P/S

2.1x

P/E

11.8x

Earnings Reports

FY 2025

Feb 13, 2026

$12.5BEPS $1.39

Q4 2025

Feb 13, 2026

$3.2B+5.8%EPS $0.30

Q3 2025

Oct 28, 2025

$3.2B+4.9%EPS $0.41

Q1 2025

Apr 29, 2025

$3.0BEPS $0.34

Q4 2024

Feb 14, 2025

$3.1BEPS $0.34

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$1.3B	$1.1B	$375M
Q1 21	$1.3B	$1.4B	$634M
Q2 21	$1.4B	$1.1B	-$1M
Q3 21	$1.7B	$1.8B	$468M
Q4 21	$1.7B	$1.7B	$490M
Q1 22	$1.7B	$1.6B	$567M
Q2 22	$1.8B	$1.7B	$661M
Q3 22	$2.1B	$1.8B	$743M
Q4 22	$2.4B	$1.9B	$793M
Q1 23	$2.5B	$1.8B	$750M
Q3 23	$2.8B	$1.8B	$688M
Q3 24	$3.1B	$1.8B	$638M
Q4 24	$3.1B	$1.8B	$669M
Q1 25	$3.0B	$1.8B	$653M
Q3 25	$3.2B	$2.0B	$766M
Q4 25	$3.2B	$2.1B	$631M

Valuation

Quarter	P/S	P/E
Q4 20	4.9x	31.7x
Q1 21	5.0x	19.9x
Q2 21	4.9x	22.8x
Q3 21	4.6x	21.4x
Q4 21	4.3x	20.0x
Q1 22	4.0x	21.2x
Q2 22	3.7x	14.6x
Q3 22	3.6x	13.0x
Q4 22	3.3x	11.6x
Q1 23	2.9x	10.9x
Q3 23	2.6x	10.9x
Q3 24	2.4x	11.2x
Q4 24	2.3x	11.8x
Q1 25	2.2x	12.2x
Q3 25	2.1x	11.8x
Q4 25	2.1x	11.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	$64M	$27M
Q1 21	-$111M	-$133M
Q2 21	$1.1B	$1.0B
Q3 21	$577M	$519M
Q4 21	$497M	$407M
Q1 22	$849M	$776M
Q2 22	$975M	$925M
Q3 22	$846M	$804M
Q4 22	$1.4B	$1.3B
Q1 23	$130M	$105M
Q3 23	$999M	$976M
Q3 24	-$438M	-$480M
Q4 24	$1.5B	$1.5B
Q1 25	$513M	$459M
Q3 25	$487M	$595M
Q4 25	$829M	$711M

Capital Expenditures

Quarter	CapEx
Q4 20	$37M
Q1 21	$22M
Q2 21	$77M
Q3 21	$58M
Q4 21	$90M
Q1 22	$73M
Q2 22	$50M
Q3 22	$42M
Q4 22	$49M
Q1 23	$25M
Q3 23	$23M
Q3 24	$42M
Q4 24	$27M
Q1 25	$54M
Q3 25	$108M
Q4 25	$118M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	-6.6%	-9.3%
Q1 21	-5.4%	-50.7%
Q2 21	+6.7%	+24.1%
Q3 21	+31.6%	+32.0%
Q4 21	+31.3%	+31.6%
Q1 22	+34.0%	+78.9%
Q2 22	+31.7%	-16.3%
Q3 22	+19.9%	+5.7%
Q4 22	+38.7%	+29.2%
Q1 23	+49.9%	+58.8%
Q3 23	+55.4%	+84.8%
Q3 24	+47.5%	+81.5%
Q4 24	+30.4%	+53.8%
Q1 25	+17.4%	+30.2%
Q3 25	+14.4%	+15.4%
Q4 25	+5.5%	+7.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$17M	1.3%
Q1 21	$28M	2.2%
Q2 21	$38M	2.8%
Q3 21	$31M	1.8%
Q4 21	$32M	1.9%
Q1 22	$40M	2.4%
Q2 22	$23M	1.3%
Q3 22	$19M	0.9%
Q4 22	$23M	1.0%
Q1 23	$25M	1.0%
Q3 23	$25M	0.9%
Q3 24	$28M	0.9%
Q4 24	$25M	0.8%
Q1 25	$21M	0.7%
Q3 25	$31M	1.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 20	$433M	$15M
Q1 21	$476M	$14M
Q2 21	$490M	$15M
Q3 21	$624M	$22M
Q4 21	$473M	$30M
Q1 22	$598M	$21M
Q2 22	$597M	$24M
Q3 22	$629M	$24M
Q4 22	$644M	$22M
Q1 23	$669M	$25M
Q3 23	$647M	$29M
Q3 24	$699M	$33M
Q4 24	$735M	$28M
Q1 25	$708M	$29M
Q3 25	$154M	$34M
Q4 25	$968M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$4.1B	$472M	$4.6B
Q3 22	$4.6B	$449M	$5.0B
Q4 22	$6.9B	$511M	$7.4B
Q1 23	$10.6B	$496M	$11.1B
Q2 23	$11.3B	$516M	$11.8B
Q3 23	$11.7B	$426M	$12.1B
Q4 23	$10.3B	$3.4B	$13.7B
Q1 24	$12.4B	$5.1B	$17.5B
Q2 24	$12.8B	$5.5B	$18.3B
Q3 24	$12.8B	$5.2B	$18.0B
Q4 24	$13.3B	$3.9B	$17.2B
Q1 25	$15.9B	$3.3B	$19.2B
Q2 25	$10.9B	$4.1B	$15.0B
Q3 25	$1.7B	$11.5B	$13.2B
Q4 25	$1.8B	$26.1B	$27.9B
Q1 26	$2.1B	$35.6B	$37.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	1.04B	+0.5%	-1.1%
Q1 21	1.04B	+0.5%	+0.6%
Q2 21	1.13B	+8.1%	+9.3%
Q3 21	1.49B	+32.2%	+44.2%
Q4 21	1.47B	-1.1%	+42.0%
Q1 22	1.46B	-0.5%	+40.6%
Q2 22	1.46B	-0.1%	+30.0%
Q3 22	1.47B	+0.1%	-1.5%
Q4 22	1.47B	+0.2%	-0.2%
Q1 23	1.47B	+0.1%	+0.4%
Q3 23	1.47B	-0.1%	+0.3%
Q3 24	1.48B	+0.6%	+0.8%
Q4 24	1.48B	-0.0%	+0.6%
Q1 25	1.48B	+0.4%	+0.9%
Q3 25	1.49B	+0.2%	+1.2%
Q4 25	1.57B	+5.7%	+6.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	$82.9K	16K
Q1 21	$81.1K	16K
Q2 21	$88.5K	16K
Q3 21	$111.7K	16K
Q4 21	$92.0K	18K
Q1 22	$91.9K	18K
Q2 22	$98.5K	18K
Q3 22	$113.2K	18K
Q4 22	$118.1K	20K
Q1 23	$127.5K	20K
Q3 23	$141.7K	20K
Q3 24	$154.2K	20K
Q4 24	$154.0K	20K
Q1 25	$149.7K	20K
Q3 25	$162.0K	20K
Q4 25	$162.9K	20K

Revenue / Employee