Huntington Q1 adj EPS $0.28, NII $1.29B, NIM 3.01%, deposits up 1% QoQ

HUNTINGTON BANCSHARES INC /MD/

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

EPS $0.26 ($0.28 adj.) vs $0.15 Q4; net income $419M, +$176M QoQ.
Net interest income $1,287M (-2% QoQ, -9% YoY); NIM 3.01% (down 6bp QoQ, 39bp YoY).
Avg deposits +$1.1B to $150.7B QoQ; avg loans +$701M to $121.9B.
NCOs 0.30%, NAL ratio 0.58%, ACL 1.97%; CET1 stable at 10.2%.
FDIC special assessment $32M pre-tax; management sees accelerating loan growth ahead.

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 March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On April 19, 2024, Huntington Bancshares Incorporated (“Huntington”) issued a news release announcing its earnings for the quarter ended March 31, 2024.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HUNTINGTON BANCSHARES INC /MD/ reported 2024 first-quarter results: net income net income for the 2024 first quarter of $419 million, EPS Earnings per common share (EPS) for the quarter were $0.26.

Period: 2024 first-quarter
Net income: net income for the 2024 first quarter of $419 million
EPS: Earnings per common share (EPS) for the quarter were $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

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

HUNTINGTON BANCSHARES INC /MD/ filing history →

Source: SEC EDGAR

accession 0000049196-24-000042

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