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Sep 30, 2022
Huntington Q3 2022 Earnings Report
Reported record net income for the second consecutive quarter with total revenue up sequentially.
Key Takeaways
Huntington Bancshares Incorporated reported a net income of $594 million, or $0.39 per common share, for the third quarter of 2022. This represents an increase of $217 million, or $0.17 per common share, compared to the year-ago quarter. The company saw growth in net interest income, noninterest income, and pre-provision net revenue.
Earnings per common share (EPS) for the quarter were $0.39, an increase of $0.04 from the prior quarter.
Net interest income increased $143 million, or 11%, from the prior quarter, reflecting net interest margin expansion of 27 basis points to 3.42% and higher average total loans and leases.
Noninterest income increased $13 million, or 3%, from the prior quarter, reflecting strength in capital markets supported by full quarter impact of Capstone.
Average total loans and leases increased $3.0 billion, or 3%, from the prior quarter to $117.0 billion.
Forward Guidance
Huntington is well positioned with a high quality balance sheet and earnings power to drive long-term performance and generate significant value for shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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