Huntington Q4 2024 Earnings Report
Key Takeaways
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.
Noninterest income increased $36 million, or 7%, from the prior quarter, to $559 million.
Average total loans and leases increased $3.7 billion, or 3%, from the prior quarter to $128.2 billion.
Huntington
Huntington
Forward Guidance
Huntington expects the momentum from its core businesses and strategic investments to carry through 2025 and beyond, with a robust growth outlook and expanded profitability.
Positive Outlook
- Momentum from core businesses
- Strategic investments
- Robust growth outlook
- Expanded profitability