The company said it reported net income of $517 million, or $0.33 per diluted common share, for Q3 2024, compared with $547 million, or $0.35 per diluted common share, in the year-ago quarter.

10-QQuarterly reportFiled Oct 29, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said it reported net income of $517 million, or $0.33 per diluted common share, for Q3 2024, compared with $547 million, or $0.35 per diluted common share, in the year-ago quarter.
Huntington said net interest income for Q3 2024 was $1.4 billion, down $17 million (1%) from a year earlier. The company said the FTE NIM fell 22 basis points to 2.98%, and average interest-bearing liabilities rose $14.4 billion (11%).
The company said the provision for credit losses for Q3 2024 was $106 million, up $7 million (7%) from a year earlier. Noninterest income was $523 million (+3%), and noninterest expense was $1.1 billion (+4%).
The company said total assets were $200.5 billion as of September 30, 2024, up $11.2 billion (6%) from December 31, 2023. CET1 risk-based capital ratio was 10.4%, compared with 10.2% as of December 31, 2023.

Key figures

Quarter ended September 30, 2024

Revenue: $1.9B
Net income: $517M
EPS: $0.33

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.

Q3 2024 Net Income and Diluted EPS

The company said it reported net income of $517 million, or $0.33 per diluted common share, for Q3 2024, compared with $547 million, or $0.35 per diluted common share, in the year-ago quarter.

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

Net Interest Income and FTE NIM Changes

Huntington said net interest income for Q3 2024 was $1.4 billion, down $17 million (1%) from a year earlier. The company said the FTE NIM fell 22 basis points to 2.98%, and average interest-bearing liabilities rose $14.4 billion (11%).

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 Q3 2024 was $106 million, up $7 million (7%) from a year earlier. Noninterest income was $523 million (+3%), and noninterest expense was $1.1 billion (+4%).

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

Total Assets and CET1 Ratio as of September 30, 2024

The company said total assets were $200.5 billion as of September 30, 2024, up $11.2 billion (6%) from December 31, 2023. CET1 risk-based capital ratio was 10.4%, compared with 10.2% as of December 31, 2023.

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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