Huntington Q1 2023 EPS $0.39, net income $602M; NIM 3.40%, credit stable

HUNTINGTON BANCSHARES INC /MD/

2023-Q1 EPS reported $0.39 revenue$377,000,000

Diluted EPS $0.39 ($0.38 adjusted); net income $602M vs $460M YoY.
Net interest income $1,409M, down 4% QoQ but up 23% YoY; NIM 3.40% (down 12bp QoQ, up 52bp YoY).
Average loans $120.4B (+8% YoY); avg core deposits $141.1B (+1% YoY); insured deposits ~$100B (69% of total).
Net charge-offs 0.19% of avg loans; nonperforming assets declined 7th straight quarter; ACL 1.90% of loans.
CET1 ratio 9.55% (+19bp QoQ); tangible book value $7.32 per share; TCE ratio 5.77%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUNTINGTON BANCSHARES INC /MD/ reported the quarter ended March 31, 2023 results: net income $602 million, EPS $0.39 per common share.

Period: the quarter ended March 31, 2023
Net income: $602 million
EPS: $0.39 per common share
Result: reported results

Exact text from the filing

Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2023 first quarter of $602 million, or $0.39 per common share,

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HUNTINGTON BANCSHARES INC /MD/ filing history →

Source: SEC EDGAR

accession 0000049196-23-000033

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