Huntington Bancshares Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 10/18 10:35

Huntington Bancshares (NASDAQ:HBAN) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.77b (flat on 3Q 2023).
  • Net income: US$481.0m (down 5.7% from 3Q 2023).
  • Profit margin: 27% (down from 29% in 3Q 2023).
  • EPS: US$0.33 (down from US$0.35 in 3Q 2023).
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NasdaqGS:HBAN Earnings and Revenue Growth October 18th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Huntington Bancshares EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.0%.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Huntington Bancshares that you need to take into consideration.