Earnings Summary

Huntington Bancshares Inc’s revenue jumped 60.73% since last year same period to $2959Mn in the Q2 2024. On a quarterly growth basis, Huntington Bancshares Inc has generated 4.08% jump in its revenue since last 3-months.

Huntington Bancshares Inc’s net profit fell -15.21% since last year same period to $474Mn in the Q2 2024. On a quarterly growth basis, Huntington Bancshares Inc has generated 13.13% jump in its net profits since last 3-months.

Huntington Bancshares Inc’s net profit margin fell -47.24% since last year same period to 16.02% in the Q2 2024. On a quarterly growth basis, Huntington Bancshares Inc has generated 8.69% jump in its net profit margins since last 3-months.

Huntington Bancshares Inc’s price-to-earnings ratio after this Q2 2024 earnings stands at 30.86.

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 0.36 dividend per share during the earnings announcement for Q2 2024.