Reports

SLB announced strong Q4 2024 results, with revenue increasing 3% year-on-year to $9.28 billion and EPS, excluding charges and credits, increasing 7% year-on-year to $0.92. The company's performance was driven by digital sales in North America and higher activity in the Middle East, Europe and North Africa.

• Fourth-quarter revenue of $9.28 billion increased 1% sequentially and 3% year on year
• Fourth-quarter GAAP EPS of $0.77 decreased 7% sequentially but was flat year on year

State Street reported a strong fourth quarter in 2024, with a 12% increase in total revenue driven by fee revenue growth and net interest income. The company achieved positive fee and total operating leverage, with a pre-tax margin of 28% (30% ex-notables). New AUC/A wins exceeded $1 trillion, and the company met its full-year Servicing fee revenue wins goal.

• Total revenue increased by 12%, driven by higher fee revenue and net interest income.
• Fee revenue increased by 13%, reflecting broad-based strength across the entire franchise.

Huntington Bancshares Incorporated reported a net income of $530 million, or $0.34 per common share, for the fourth quarter of 2024. The quarter was marked by record fee income, accelerated loan growth, and sustained deposit gathering.

• Earnings per share were $0.34, up $0.01 from the previous quarter and $0.19 from the year-ago quarter.
• Net interest income increased by $44 million, or 3%, from the prior quarter, and increased $79 million, or 6%, from the year-ago quarter.

Webster Financial Corporation reported a net income available to common stockholders of $173.6 million, or $1.01 per diluted share, for Q4 2024. Revenue was $661.0 million. Period end loans and leases balance increased to $52.5 billion, and period end deposits balance increased to $64.8 billion.

• Revenue of $661.0 million.
• Period end loans and leases balance of $52.5 billion, up $0.6 billion or 1.1 percent from prior quarter.