secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON BANCSHARES INC /MD/ (HBAN)
CIK:        0000049196
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0000049196-24-000035
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49196/000004919624000035/0000049196-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49196/000004919624000035/hban-20240419.htm
  HTML page:      https://secwatch.observer/filing/0000049196-24-000035

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