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Dec 31, 2024
Huntington Q4 2024 Earnings Report
Q4 results were highlighted by record fees and loan growth, sustained deposit growth, and sequential expansion of net interest income.
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