The company said net income for Q2 2024 was $474 million, or $0.30 per diluted share, compared with $559 million, or $0.35 per share, a year earlier.

10-QQuarterly reportFiled Jul 30, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said net income for Q2 2024 was $474 million, or $0.30 per diluted share, compared with $559 million, or $0.35 per share, a year earlier.
Huntington said net interest income for Q2 2024 was $1.3 billion, down $34 million (3%) from the year-ago quarter, and its FTE NIM fell 12 basis points to 2.99%.
The company said the provision for credit losses for Q2 2024 was $100 million, up $8 million from the year-ago quarter, and that noninterest income was $491 million and noninterest expense was $1.1 billion.
Huntington said total assets as of June 30, 2024 were $196.3 billion, its CET1 ratio was 10.4%, and it completed a $478 million CLN transaction in Q2 related to a reference pool of approximately $4 billion of on-balance sheet prime indirect auto loans.

Key figures

Quarter ended June 30, 2024

Revenue: $1.8B
Net income: $474M
EPS: $0.30

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 2024 Net Income and Diluted EPS

The company said net income for Q2 2024 was $474 million, or $0.30 per diluted share, compared with $559 million, or $0.35 per share, a year earlier.

Source · Based on the MD&A text of the filing

Net Interest Income and FTE NIM Changes

Huntington said net interest income for Q2 2024 was $1.3 billion, down $34 million (3%) from the year-ago quarter, and its FTE NIM fell 12 basis points to 2.99%.

Source · Based on the MD&A text of the filing

Provision for Credit Losses and Noninterest Income and Expense

The company said the provision for credit losses for Q2 2024 was $100 million, up $8 million from the year-ago quarter, and that noninterest income was $491 million and noninterest expense was $1.1 billion.

Source · Based on the MD&A text of the filing

Total Assets, CET1 Ratio and CLN Transaction

Huntington said total assets as of June 30, 2024 were $196.3 billion, its CET1 ratio was 10.4%, and it completed a $478 million CLN transaction in Q2 related to a reference pool of approximately $4 billion of on-balance sheet prime indirect auto loans.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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