Huntington Bancshares reports Q1 EPS 26c, consensus 25c

Reports Q1 CET1 capital ratio 10.2%. Reports Q1 net charge-offs .3%. “Our first quarter results were highlighted by sustained organic growth, with deposit and loan balances continuing to expand as we enter the new year,” said Steve Steinour, chairman, president, and CEO. “Our outlook for the year remains unchanged as we look to accelerate organic growth. Huntington entered 2024 from a position of strength with robust liquidity and capital, enabling us to remain focused on executing key growth initiatives. We are investing in new revenue producing opportunities, adding talented bankers across the footprint, and bolstering capabilities in the commercial and regional bank. These investments are already delivering results, evidenced by robust pipelines in our expanded Carolinas and Texas regions, as well as in new commercial specialty banking areas.”