Huntington Reports $602M Net Income in Q1

COLUMBUS, Ohio – Huntington Bancshares Inc., the holding company of Huntington National Bank, reports first-quarter net income of $602 million, or 39 cents per common share.

The net income is an increase of $142 million, or 10 cents per common share, from the first quarter of 2022.

“Our first quarter results reflect the strength and stability of Huntington and the continued execution of our strategy, despite the market disruption in March,” Steve Steinour, chairman, president and CEO, said in a statement. “Huntington’s solid capital levels, strong credit profile and leading deposit and liquidity profile have positioned the company to enter this period from a position of strength.”

Other highlights cited by Huntington include:

  • Average total deposits increased $472 million from the prior quarter and $3.2 billion from the year-ago quarter.
  • Average total loans and leases increased $1.5 billion, or 1%, from the prior quarter to $120.4 billion, and increased $9.3 billion, or 8%, from the year-ago quarter.

Published by The Business Journal, Youngstown, Ohio.