Huntington Bancshares reported net income for Q4 2024 of $530 million, or $0.34 per common share, an increase of $13 million from the prior quarter and an increase of $287 million, or $0.19 per share, from the year-ago quarter.

1. 01

   Huntington Bancshares reported net income for Q4 2024 of $530 million, or $0.34 per common share, an increase of $13 million from the prior quarter and an increase of $287 million, or $0.19 per share, from the year-ago quarter.

2. 02

   The company reported net interest income for Q4 of $1,395 million, up 3% from the prior quarter and up 6% from the year-ago quarter. Noninterest income was $559 million, up 7% from the prior quarter and up 38% from the year-ago quarter.

3. 03

   Huntington sold approximately $1.0 billion of corporate debt investment securities in Q4, resulting in a pre-tax loss of $21 million, and said the expected earn-back from the transaction is less than 2 years. Capital markets and advisory fees increased 54% from the prior quarter and 74% from the year-ago quarter.

4. 04

   The company reported net charge-offs of 0.30% of average loans and leases for Q4 and an allowance for credit losses of 1.88% of total loans and leases. The Common Equity Tier 1 risk-based capital ratio was 10.5% and the tangible common equity ratio was 6.1%.

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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