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Sep 30, 2023
Huntington Q3 2023 Earnings Report
Reported sustained core deposit growth, expansion of CET1 capital, and strong credit quality.
Key Takeaways
Huntington Bancshares Incorporated reported a net income of $547 million for Q3 2023, with earnings per common share (EPS) at $0.35. The quarter was highlighted by sustained core deposit growth, expansion of CET1 capital, and strong credit quality.
Earnings per common share (EPS) for the quarter were $0.35, flat from the prior quarter.
Net interest income increased $22 million, or 2%, from the prior quarter.
Average total deposits increased $2.6 billion, or 2%, from the prior quarter.
Common Equity Tier 1 (CET1) risk-based capital ratio increased 28 basis points to 10.10%.
Forward Guidance
Huntington is exceptionally well-positioned to thrive as we manage through the dynamic environment. We continue to deliver on our strategy while taking actions to position the company for sustained growth in the years ahead.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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