secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON BANCSHARES INC /MD/ (HBAN)
CIK:        0000049196
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0000049196-24-000089
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Huntington Q3 EPS $0.33, NII up 3% QoQ; loan growth accelerates
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/49196/000004919624000089/0000049196-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/49196/000004919624000089/hban-20241017.htm
  HTML page:      https://secwatch.observer/filing/0000049196-24-000089

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