Huntington Q2 EPS $0.35, flat YoY; NIM narrows to 3.11%; deposits grow $2.7B

HUNTINGTON BANCSHARES INC /MD/

2023-Q2 EPS reported $0.74 revenue$709,000,000

Net income $559M ($0.35 EPS), flat YoY; net interest income $1.346B (+7% YoY, -4% QoQ).
Net interest margin 3.11% (-29bp QoQ) on higher funding costs; cash balances boosted earning assets.
Ending total deposits +$2.7B QoQ to $148B; core deposits +$2.5B led by consumer.
Credit strong: NCOs 0.16%, NPAs at 0.46% (8th consecutive quarterly decline).
CET1 ratio 9.82% (+27bp QoQ); tangible book value $7.33/share.

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 financial results for the quarter ended June 30, 2023.

Period: the quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On July 21, 2023, Huntington Bancshares Incorporated (“Huntington”) issued a news release announcing its earnings for the quarter ended June 30, 2023.

View on SEC.gov

2 earnings releases filed in the last 30 days. Browse all earnings releases →

HUNTINGTON BANCSHARES INC /MD/ filing history →

Source: SEC EDGAR

accession 0000049196-23-000078

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