Huntington Bancshares Reports 2024 Q4 Earnings: Record Fees and Loan Growth

Details

The bank reported earnings per share (EPS) of $0.34, up from $0.33 in Q3 and $0.15 in Q4 2023. Despite a $21 million loss on the sale of investment securities, total deposits grew by $9.8 billion from the year-ago quarter. The bank also saw an increase in average total loans and leases by $6.9 billion. Capital metrics remained strong, with the Common Equity Tier 1 (CET1) risk-based capital ratio at 10.5%.

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About Huntington Bancshares Inc.

Huntington Bancshares Inc. is a diversified regional bank holding company, primarily engaged in providing a comprehensive range of financial services. Its primary function is to offer traditional banking products such as deposits, lending, and wealth management to consumers and businesses. Beyond conventional banking, Huntington Bancshares extends its services to areas such as insurance, investment management, and specialized financial advice, impacting sectors including retail, commercial, and small business banking. The institution operates through an extensive network of branches and ATMs, mostly concentrated across the Midwest and other strategic regions in the United States, fostering community engagement and local economic growth. Known for its customer-focused approach, Huntington Bancshares is lauded for transparent practices and innovative solutions like the 24-Hour Grace overdraft protection. In the financial markets, it plays a significant role, especially within the regional banking sector, offering stability and steady growth potential amidst evolving economic landscapes.