Earnings Summary

Huntington Bancshares Inc’s revenue jumped 48% since last year same period to $2843Mn in the Q1 2024. On a quarterly growth basis, Huntington Bancshares Inc has generated 59.9% jump in its revenue since last 3-months.

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

Huntington Bancshares Inc’s net profit margin fell -52.97% since last year same period to 14.74% in the Q1 2024. On a quarterly growth basis, Huntington Bancshares Inc has generated 7.84% jump in its net profit margins since last 3-months.

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 Inc’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 Inc’s return on equity (ROE) stands at 0.09.

Huntington Bancshares Inc declared 0.43 dividend per share during the earnings announcement for Q1 2024.