Huntington Q1 EPS $0.26 (adj $0.28); net income $419M; NIM 3.01%

HUNTINGTON BANCSHARES INC /MD/

2024-Q1 EPS reported $0.26 revenue$336,000,000

Net income $419M ($0.26 diluted EPS); adjusted EPS $0.28 excluding $32M FDIC special assessment.
Net interest income $1,287M, down 2% QoQ and 9% YoY; NIM 3.01% vs 3.07% prior quarter.
Average total loans and leases $121.9B, up $701M QoQ; deposits up $2.0B QoQ to $153.2B.
Net charge-offs 0.30% of avg loans; NPA ratio 0.60%; ACL 1.97% of loans.
CET1 ratio 10.2% (stable); tangible book value $7.77 per common 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 0.95

HUNTINGTON BANCSHARES INC /MD/ reported 2024 first quarter results: net income $419 million, EPS $0.26.

Period: 2024 first quarter
Net income: $419 million
EPS: $0.26
Result: reported results

Exact text from the filing

Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2024 first quarter of $419 million, or $0.26 per common share, an increase of $176 million, or $0.11, from the prior quarter, and a decrease of $183 million, or $0.13, from the year-ago quarter.

View on SEC.gov

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Source: SEC EDGAR

accession 0000049196-24-000035

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