The company said it reported net income of $243 million for Q4 2023, or $0.15 per share, and that adjusted earnings per common share, excluding the after-tax impact of Notable Items of $0.12 per share, were $0.27.

1. 01

   The company said it reported net income of $243 million for Q4 2023, or $0.15 per share, and that adjusted earnings per common share, excluding the after-tax impact of Notable Items of $0.12 per share, were $0.27.

2. 02

   Huntington said the pre-tax impact of the FDIC Deposit Insurance Fund (DIF) special assessment, a Notable Item, was $(214) million in Q4 2023, and that the mark-to-market of the pay-fixed swaptions program reduced pre-tax income by $74 million.

3. 03

   The company said net interest income for Q4 2023 was $1,316 million, down 4% from the prior quarter and 10% from a year earlier, and that its net interest margin was 3.07%, 45 basis points lower than a year earlier.

4. 04

   The company said its Common Equity Tier 1 risk-based capital ratio as of December 31, 2023 rose to 10.25% from 10.10% in the prior quarter, and it cited the reduction in risk-weighted assets from the CRT transaction as the driver.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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