Huntington Bancshares Incorporated
HBANFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
11,961
Cost of Revenue
4,996
Gross Profit
6,965
Gross Margin
58.2%
Operating Income
2,403
Operating Margin
20.1%
Net Income
1,940
Net Margin
16.2%
EPS (Basic)
$1.24
EPS (Diluted)
$1.22
EBITDA
3,025
EBITDA Margin
25.3%
2023
12/31/2023
Revenue
10,780
Cost of Revenue
3,879
Gross Profit
6,901
Gross Margin
64.0%
Operating Income
2,384
Operating Margin
22.1%
Net Income
1,951
Net Margin
18.1%
EPS (Basic)
$1.26
EPS (Diluted)
$1.24
EBITDA
3,182
EBITDA Margin
29.5%
2022
12/31/2022
Revenue
7,950
Cost of Revenue
985
Gross Profit
6,965
Gross Margin
87.6%
Operating Income
2,764
Operating Margin
34.8%
Net Income
2,238
Net Margin
28.2%
EPS (Basic)
$1.47
EPS (Diluted)
$1.45
EBITDA
3,248
EBITDA Margin
40.9%
2021
12/31/2021
Revenue
6,080
Cost of Revenue
114
Gross Profit
5,966
Gross Margin
98.1%
Operating Income
1,591
Operating Margin
26.2%
Net Income
1,295
Net Margin
21.3%
EPS (Basic)
$0.91
EPS (Diluted)
$0.90
EBITDA
1,982
EBITDA Margin
32.6%
2020
12/31/2020
Revenue
5,238
Cost of Revenue
1,471
Gross Profit
3,767
Gross Margin
71.9%
Operating Income
972
Operating Margin
18.6%
Net Income
817
Net Margin
15.6%
EPS (Basic)
$0.70
EPS (Diluted)
$0.69
EBITDA
1,339
EBITDA Margin
25.6%