NASDAQ$HBAN

Huntington Bancshares Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record full-year revenue, executed on revenue initiatives to drive top-line growth, and completed TCF integration.

Huntington Bancshares Incorporated reported a net income of $401 million for Q4 2021. Earnings per common share were $0.26, and adjusted earnings per common share were $0.36, excluding notable items. The quarter was impacted by TCF acquisition-related expenses.

  • Earnings per share for the quarter were $0.26, a decrease of $0.01 year-over-year.
  • Noninterest expense decreased $68 million from the third quarter, or 5% to $1.2 billion.
  • Period-end total loans and leases increased $1.4 billion, or 1%, to $111.9 billion.
  • Repurchased $150 million of common stock during the fourth quarter.

Headline financials

Total Revenue

$1.65B

Previous: $1.23B+33.5%
EPS (adj)

$0.36

Previous: $0.27+33.3%
Net interest margin

2.8%

Previous: 2.9%-3.4%
Efficiency ratio

73.0%

Previous: 60.2%+21.3%
NAL ratio

0.6%

No prior period
Capital Expenditures

$90M

Previous: $37M+143.2%
Free Cash Flow

$407M

Previous: $27M+1407.4%
Net Income

$401M

Previous: $316M+26.9%
Operating Income

$426M

No prior period
Gross Profit

$1.65B

Previous: $1.23B+33.5%
Cash & Equivalents

$174B

Previous: $6.6B+2538.4%
Total Assets

$174B

Previous: $123B+41.5%
Stock-Based Comp

$32M

Previous: $17M+88.2%

Revenue & EPS history

Huntington · Revenue · Quarterly

$1.65B

Q4 2021+33.5%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Huntington Bancshares is confident in its outlook for growth in revenue and earnings for 2022. Commercial lending should fuel balance sheet growth, while strategic focus areas should bolster fee income. The company remains committed to delivering sustainable revenue growth, annual positive operating leverage, and top-quartile returns.

Tailwinds

  • Confident in outlook for growth in revenue and earnings.
  • Commercial lending should fuel balance sheet growth.
  • Strategic focus areas should bolster fee income.
  • Committed to delivering sustainable revenue growth.
  • Committed to delivering annual positive operating leverage.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.3%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.5%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+12.5%

Q3 2022

Best reaction

-9.1%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-1.6%-5.5%
Q4 2025-5.8%-1.6%-5.5%
Q3 2025+1.0%+3.3%+2.3%
Q2 2025+0.5%-0.6%+6.3%
Q1 2025+3.0%+5.0%+21.9%
Q4 2024+1.5%+0.1%-0.7%
Q3 2024-3.0%-1.9%+11.7%
Q2 2024+5.0%+4.3%-2.8%
Q1 2024+2.7%+4.4%+7.8%
Q4 2023+5.6%+6.9%+5.1%
Q3 2023-4.6%-5.6%+10.5%
Q2 2023+2.1%+2.6%-6.1%
Q1 2023-3.4%-7.6%-14.1%
Q4 2022+5.1%+5.2%+9.8%
Q3 2022+12.5%+13.0%+12.8%
Q2 2022+0.5%-0.6%+8.6%
Q1 2022-3.4%-4.7%-8.6%
Q4 2021-6.2%-7.5%-5.0%
Q3 2021-1.4%-1.0%-3.8%
Q2 2021+0.6%+3.3%+11.9%
Q1 2021-3.9%-1.9%+1.5%
Q4 2020-7.1%-8.5%+5.4%
Q3 2020+8.0%+2.6%+21.3%
Q2 2020+4.0%-1.1%-1.3%
Q1 2020+1.5%+13.7%+0.7%
Q4 2019-6.9%-7.7%-5.6%
Q3 2019+0.1%-0.1%+2.7%
Q2 2019+1.9%+0.7%-13.2%
Q1 2019+0.0%+1.3%-3.9%
Q4 2018-0.1%+0.0%+5.7%
Q3 2018-3.7%-0.4%+5.6%
Q2 2018+0.1%+1.3%+6.0%
Q1 2018+0.3%+0.9%+0.9%
Q4 2017+0.5%+1.1%-1.9%
Q3 2017-2.1%-3.1%-5.3%
Q2 2017-2.7%-2.8%-6.6%
Q1 2017-0.6%+1.5%-1.8%
Q4 2016+5.7%+2.8%+7.0%
Q3 2016+5.5%+4.0%+23.3%
Q2 2016+0.4%+1.8%+2.9%
Q1 2016+1.1%
Q4 2015-1.2%
Q3 2015+4.8%
Q2 2015+1.4%
Q1 2015-2.1%
Q4 2014+2.9%
Q3 2014-0.8%
Q2 2014+4.7%
Q1 2014-2.7%
Q4 2013-2.7%
Q3 2013+3.5%
Q2 2013+1.7%
Q1 2013-5.0%
Q4 2012+4.2%
Q3 2012-8.5%
Q2 2012-4.1%
Q1 2012+1.6%
Q4 2008+1.3%
Q4 2011+1.3%
Q3 2011-9.1%
Q2 2011-3.0%
Q1 2011-1.2%
Q1 2010-1.2%
Q2 2009-6.7%
Q4 2010-6.7%
Q3 2010-1.1%
Q3 2009-1.1%
Q4 2009-2.1%
Q2 2010-2.1%

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