Huntington reports record Q4 EPS $0.42, full-year net income $2.2B, authorizes $1B buyback

HUNTINGTON BANCSHARES INC /MD/

2022-FY EPS reported $1.45 revenue$1,318,000,000

Q4 GAAP EPS $0.42 (adjusted $0.43); net income $645M, up 61% YoY.
Full-year net income $2.2B (+73% YoY); EPS $1.45 (adjusted $1.50); PPNR $3.1B (+88% YoY).
Net interest margin expanded 67bp YoY to 3.52%; average loans up $1.9B QoQ.
Credit quality: NCOs 0.17%, NPAs down for 6th straight quarter; CET1 ratio 9.44%.
Board approved $1B share repurchase authorization over eight quarters; TCF cost synergies completed.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUNTINGTON BANCSHARES INC /MD/ reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On January 20, 2023, Huntington Bancshares Incorporated (“Huntington”) issued a news release announcing its earnings for the quarter and year ended December 31, 2022.

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HUNTINGTON BANCSHARES INC /MD/ filing history →

Source: SEC EDGAR

accession 0000049196-23-000006

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