Huntington Bancshares Inc-OH (HBAN) Financials

The income statement for Huntington Bancshares Inc-OH (HBAN) provides a snapshot of the company's financial performance. It shows the revenue generated, expenses incurred, and the resulting net income. In the latest reported period, HBAN recorded a total revenue of $5.7 billion. This represents the amount of money brought in from various sources, such as interest earned on loans, fees, and other income streams. The gross profit, which is revenue minus the cost of goods sold, was $3.8 billion. The company's operating expenses, including salaries, rent, and utilities, totaled $2.4 billion. After deducting operating expenses, HBAN reported an operating income, also known as EBIT (earnings before interest and taxes), of $1.4 billion.

From the EBIT, we can calculate the EBITDA (earnings before interest, taxes, depreciation, and amortization), which provides a clearer picture of the company's profitability without the impact of non-cash expenses. HBAN's EBITDA in the reported period was $1.8 billion. This metric is often used in financial analysis as it helps assess a company's ability to generate cash flows from its core operations. The net income attributable to HBAN stockholders, after accounting for taxes and interest expenses, was $1 billion. This represents the portion of profits that belongs to the company's shareholders.

Moving on to the balance sheet, it provides a snapshot of HBAN's financial position at a specific point in time. As of the latest reporting period, the company had total assets worth $108 billion. These include cash equivalents, investments, loans, and other assets. The liabilities section of the balance sheet lists the company's total debt and other obligations, which amounted to $91 billion for HBAN. The difference between total assets and total liabilities represents the stockholders' equity, which is an indicator of the company's net worth. HBAN's stockholders' equity stood at $17 billion.

The statement of cash flows shows how HBAN generated and used cash during the reported period. Cash flow is an essential measure as it provides insights into a company's ability to fund its operations, investments, and dividends. In terms of operating cash flow, HBAN reported a total of $1.9 billion. This reflects the cash generated from its core operations. The investing cash flow, which represents the cash used for acquiring or selling assets, was -$400 million for HBAN. The financing cash flow, which includes activities such as issuing or repurchasing stock and paying dividends, was -$1.5 billion. The difference between the cash generated from operating activities and the cash used for investing and financing activities is the free cash flow, which for HBAN was $1.1 billion.