secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON BANCSHARES INC /MD/ (HBAN)
CIK:        0000049196
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0000049196-23-000078
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49196/000004919623000078/0000049196-23-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49196/000004919623000078/hban-20230721.htm
  HTML page:      https://secwatch.observer/filing/0000049196-23-000078

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