Huntington Bancshares (HBAN) 10-K Summary — Year Ended Dec 31, 2023
Huntington Bancshares Incorporated filed its annual report for the most recent fiscal year. The filing provides an overview of the company's financial condition and operations.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Huntington Bancshares Incorporated filed its annual report for the most recent fiscal year. The filing provides an overview of the company's financial condition and operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$1.4B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$2B
Net income reported for the year.
Operating cash flow
$2.7B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $1.1B | n/a |
| Dec 31, 2022 | $1.3B | +18.4% |
| Dec 31, 2023 | $1.4B | +6.2% |
Business overview
The company is a financial holding company, as indicated by its name and the risk management sections in the filing. The filing discusses credit, market, liquidity, operational, and compliance risks, consistent with a banking institution.
Financial performance
Revenue increased compared to the prior year, and net income was reported. Operating cash flow was also positive. The company's financial direction appears stable based on the supplied metrics.
Material risks
The filing identifies risks in credit, market, liquidity, operational, and compliance areas. These are standard for a financial institution and are discussed in the management discussion and risk factors sections.
Liquidity and capital
The company's liquidity and capital resources section indicates it expects to meet cash flow obligations over the next twelve months. The loan portfolio has a mix of maturities across different time horizons.
What to watch
The next filing should be monitored for updates on the loan portfolio's maturity composition and any changes in credit risk metrics.