Huntington Q3 2021 Earnings Report
Key Takeaways
Huntington Bancshares Incorporated reported a net income of $377 million for the third quarter of 2021. Total revenue increased by 32% from the prior quarter, reaching a record $1.7 billion.
Earnings per common share (EPS) for the quarter were $0.22, or $0.35 adjusted for TCF acquisition-related Notable Items.
Integration activities related to the realization of cost synergies largely completed; consolidated 188 branches since mid-June; branch and systems conversions completed in mid-October.
Total revenue increased by 32% from the prior quarter, to a record $1.7 billion, driven by the full-quarter benefit from the TCF acquisition, as well as positive underlying trends in targeted fee income areas.
Repurchased $500 million of common stock through September 30; $300 million remaining under share repurchase authorization.