• Huntington Bancshares average gross margin for 2023 was 76.24%, a 19.67% decline from 2022.
• Huntington Bancshares average gross margin for 2022 was 94.91%, a 3.15% decline from 2021.
• Huntington Bancshares average gross margin for 2021 was 98%, a 12.05% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.