Huntington Q4 GAAP EPS $0.15 ($0.27 adj); NIM 3.07%, loan growth, capital up

HUNTINGTON BANCSHARES INC /MD/

2023-FY EPS reported $1.24 revenue$1,400,000,000

Net income $243M ($0.15 diluted); adjusted EPS $0.27 after excluding $0.12 from FDIC special assessment and other items.
Net interest income $1.316B (-10% YoY); net interest margin 3.07%, down 45bp YoY as funding costs rose.
Average total loans and leases $121.2B (+2% YoY); average core deposits $144.4B (+3% YoY).
CET1 ratio improved 15bp to 10.25%; tangible book value per share rose to $7.79 from $7.12 in Q3.
Credit quality remained solid: NCOs 0.31% of loans, NPA ratio 0.58%, ACL 1.97%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

HUNTINGTON BANCSHARES INC /MD/ reported 2023 fourth quarter results: revenue $405 million, net income $243 million, EPS $0.15 per common share.

Period: 2023 fourth quarter
Revenue: $405 million
Net income: $243 million
EPS: $0.15 per common share
Result: reported results

Exact text from the filing

or 4%, from the prior quarter, and decreased $146 million, or 10%, from the year-ago quarter. • Noninterest income decreased $104 million, or 20%, from the prior quarter, to $405 million . Noninterest income in the fourth quarter was reduced by $74 million, compared to an increase of $33 million in the third quarter due to the mark-to-market on pay-fixed

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Source: SEC EDGAR

accession 0000049196-24-000006

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