Earnings Summary

Huntington Bancshares Incorporated’s revenue jumped 49.19% since last year same period to $2866Mn in the Q1 2024. On a quarterly growth basis, Huntington Bancshares Incorporated has generated 61.19% jump in its revenue since last 3-months.

Huntington Bancshares Incorporated’s net profit fell -30.4% since last year same period to $419Mn in the Q1 2024. On a quarterly growth basis, Huntington Bancshares Incorporated has generated 72.43% jump in its net profits since last 3-months.

Huntington Bancshares Incorporated’s net profit margin fell -53.35% since last year same period to 14.62% in the Q1 2024. On a quarterly growth basis, Huntington Bancshares Incorporated has generated 6.97% jump in its net profit margins since last 3-months.

Huntington Bancshares Incorporated’s price-to-earnings ratio after this Q1 2024 earnings stands at 10.71.

Huntington Bancshares Incorporated’s earning per share (EPS) estimates for the current quarter stand at 0.29 - a 16% jump from last quarter’s estimates.

Huntington Bancshares Incorporated’s earning per share (EPS) estimates for the current year stand at 0.29.

Huntington Bancshares Incorporated’s earning per share (EPS) fell -28.21% since last year same period to 0.28 in the Q1 2024. This indicates that the Huntington Bancshares Incorporated has generated -28.21% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Huntington Bancshares Incorporated’s return on assets (ROA) stands at 0.01.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Huntington Bancshares Incorporated’s return on equity (ROE) stands at 0.09.

Huntington Bancshares Incorporated declared 0.16 dividend per share during the earnings announcement for Q1 2024.