Valuation, from the filing
| Public float | $24.10B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $11.87 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 10.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 15.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
10.9× earnings today, against a median of 10.6× across 8 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $24.10B | 10.9× | |
| 2024-06-30 | $18.89B | 9.7× | |
| 2023-06-30 | $15.34B | 7.9× | |
| 2022-06-30 | $17.09B | 7.6× | |
| 2021-06-30 | $20.82B | 16.1× | |
| 2020-06-30 | $9.35B | 11.4× | |
| 2019-06-30 | $14.58B | 10.3× | |
| 2018-06-30 | $16.03B | 11.5× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the National Commercial Banks filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Effective tax rate | 17.1% | 14th | |
| Long-term debt / equity | 0.71x | 81th | |
| CapEx / revenue | 17.1% | 70th | |
| SBC / revenue | 7.2% | 65th | |
| Net margin | 141.5% | 62th | |
| Revenue YoY growth | 6.4% | 44th | |
| FCF margin | 141.8% | 55th |
HUNTINGTON BANCSHARES INC /MD/ (HBAN) reported revenue of $484.00M and net income of $721.00M for the fiscal year ended 2026-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from HUNTINGTON BANCSHARES INC /MD/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under National Commercial Banks.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $484.00M | $502.00M | $472.00M | $410.00M | $424.00M | $377.00M | $351.00M | $410.00M | $362.00M | $360.00M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $721.00M | $727.00M | $523.00M | $519.00M | $629.00M | $536.00M | $527.00M | $530.00M | $517.00M | $474.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 2.05B | shares 2.05B | shares 1.90B | Unavailable | shares 1.48B | shares 1.48B | shares 1.48B | Unavailable | shares 1.48B | shares 1.47B |
| Pretax income | $896.00M | $896.00M | $641.00M | $631.00M | $766.00M | $638.00M | $653.00M | $669.00M | $638.00M | $586.00M |
| Income tax expense | $172.00M | $165.00M | $114.00M | $108.00M | $133.00M | $96.00M | $122.00M | $135.00M | $116.00M | $106.00M |
| Diluted EPS | $0.33 | $0.33 | $0.25 | Unavailable | $0.41 | $0.34 | $0.34 | Unavailable | $0.33 | $0.30 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total assets | $287.83B | $283.98B | $285.37B | $225.11B | $210.23B | $207.74B | $209.60B | $204.23B | $200.54B | $196.31B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $255.62B | $251.32B | $252.79B | $200.73B | $187.94B | $186.77B | $189.11B | $184.45B | $179.88B | $176.75B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $32.22B | $32.66B | $32.58B | $24.38B | $22.29B | $20.97B | $20.49B | $19.78B | $20.65B | $19.56B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $9.53B | $9.53B | $9.53B | $6.00B | $5.55B | $5.56B | $5.56B | $5.56B | $5.56B | $5.56B |
| Long-term debt | $17.34B | $18.74B | $21.59B | $17.22B | $17.32B | $17.47B | $18.10B | $16.37B | $15.66B | $16.46B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $773.00M | $1.12B | $524.00M | $928.00M | $487.00M | $554.00M | $513.00M | $1.12B | -$58.00M | $297.00M |
| Capital expenditures | $90.00M | $96.00M | $124.00M | $118.00M | $41.00M | $54.00M | $54.00M | $27.00M | $42.00M | $42.00M |
| Investing cash flow | -$3.21B | -$1.66B | -$135.00M | -$1.44B | -$266.00M | -$2.50B | -$2.15B | -$4.78B | -$2.88B | -$2.19B |
| Financing cash flow | $3.66B | -$3.06B | $5.30B | $1.26B | $2.16B | -$3.01B | $4.10B | $3.93B | $2.98B | $2.26B |
| Net change in cash | $1.22B | -$3.59B | $5.69B | $757.00M | $2.38B | -$4.95B | $2.46B | $262.00M | $39.00M | $366.00M |
| Stock-based compensation | $53.00M | $50.00M | $45.00M | $29.00M | $31.00M | $32.00M | $21.00M | $25.00M | $28.00M | $33.00M |
| Common dividends paid | $313.00M | $316.00M | $248.00M | $228.00M | $227.00M | $227.00M | $226.00M | $226.00M | $226.00M | $225.00M |
| Common share repurchases | $100.00M | $159.00M | $150.00M | Unavailable | $0 | $0 | $0 | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $170.00M | $192.00M | $191.00M | $190.00M | $175.00M | $188.00M | $209.00M | $130.00M | $132.00M | $170.00M |
Derived
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $683.00M | $1.03B | $400.00M | $810.00M | $446.00M | $500.00M | $459.00M | $1.09B | -$100.00M | $255.00M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | 141.1% | 204.6% | 84.7% | 197.6% | 105.2% | 132.6% | 130.8% | 265.4% | -27.6% | 70.8% |
| SBC / revenue | 11.0% | 10.0% | 9.5% | 7.1% | 7.3% | 8.5% | 6.0% | 6.1% | 7.7% | 9.2% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 14.2% | 33.2% | 34.5% | 0.0% | 17.1% | 4.7% | 4.5% | 16.1% | 7.1% | 8.4% |
| Net margin | 149.0% | 144.8% | 110.8% | 126.6% | 148.3% | 142.2% | 150.1% | 129.3% | 142.8% | 131.7% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 18.6% | 19.1% | 26.3% | 28.8% | 9.7% | 14.3% | 15.4% | 6.6% | 11.6% | 11.7% |
| Long-term debt / equity | 0.54x | Unavailable | Unavailable | 0.71x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 19.2% | 18.4% | 17.8% | 17.1% | 17.4% | 15.0% | 18.7% | 20.2% | 18.2% | 18.1% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open HBAN in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.