secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON BANCSHARES INC /MD/ (HBAN)
CIK:        0000049196
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000049196-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49196/000004919623000033/0000049196-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49196/000004919623000033/hban-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000049196-23-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer