earnings
confidence high
sentiment positive
materiality 0.75
Huntington Q2 EPS $0.33 ($0.39 adjusted); NII up 9% QoQ; Cadence conversion complete
HUNTINGTON BANCSHARES INC /MD/
- EPS $0.33, adjusted EPS $0.39; up $0.08 from prior quarter.
- Net interest income up $161M (9%) QoQ and $585M (40%) YoY.
- Noninterest income $785M, up $103M (15%) QoQ and $314M (67%) YoY.
- Average loans $189.3B (+9% QoQ); average deposits up $18.8B (+9% QoQ).
- Net charge-offs 0.25% (down 1bp QoQ); NPA ratio 0.85% (up 13bps); ACL $3.4B (1.78%).