What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Huntington Bancshares (HBAN) spend its free cash flow?

For TTM through Q1 2026, Huntington Bancshares generated $2.39B of operating cash flow and $2.21B of free cash flow — a free cash flow margin of 92.1% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Huntington Bancshares (HBAN) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Huntington Bancshares's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Huntington Bancshares (HBAN) Cash Flow Waterfall

Operating CF

$2.39B

Capex

-$188M

Free Cash Flow

$2.21B

FCF Margin

+92.1%

Cash flow waterfall for Huntington Bancshares (HBAN) — TTM through Q1 2026

Free cash flow: $2.21B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Huntington Bancshares (HBAN) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$2.39B	$2.39B
Capital Expenditure	-$188M	$2.21B
Free Cash Flow	$2.21B	$2.21B
Acquisitions	$2.54B	$4.75B
Other Investing	-$7.15B	-$2.4B
Share Buybacks	-$150M	-$2.55B
Dividends Paid	-$1.05B	-$3.61B
Net Debt Change	$2.76B	-$845M
Other Financing & FX	$4.72B	$3.88B
Net Cash Increase	$3.88B	$3.88B

Operating Cash Flow$2.39B
Capital Expenditure-$188M
Free Cash Flow$2.21B
Acquisitions$2.54B
Other Investing-$7.15B
Share Buybacks-$150M
Dividends Paid-$1.05B
Net Debt Change$2.76B
Other Financing & FX$4.72B
Net Cash Increase$3.88B

Want to see what drove the FCF change?Free Cash Flow Bridge

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