secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON BANCSHARES INC /MD/ (HBAN)
CIK:        0000049196
Form:       8-K/A
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0000049196-24-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49196/000004919624000042/0000049196-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49196/000004919624000042/hban-20240419.htm
  HTML page:      https://secwatch.observer/filing/0000049196-24-000042

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