earnings
confidence high
sentiment neutral
materiality 0.65
Huntington Q3 EPS $0.33, NII up 3% QoQ; loan growth accelerates
HUNTINGTON BANCSHARES INC /MD/
2024-Q3 EPS reported
$0.88
revenue$1,058,000,000
- Net income $517M ($0.33 EPS), up from $474M ($0.30) prior quarter; down from $547M ($0.35) year ago.
- Net interest income $1,351M, up 3% QoQ; net interest margin 2.98% vs 2.99% prior quarter.
- Average loans $124.5B, up $1.1B QoQ; average deposits $149.7B, up $2.9B QoQ.
- Credit stable: NCOs 0.30%, NPA ratio 0.62%, ACL 1.93%; CET1 ratio 10.4%.
- CEO cites accelerated loan growth in Q3, strong pipelines for Q4, expects revenue/profit expansion heading into 2025.