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Huntington Bancshares' Net Income Drops 13% Amidst Special FDIC Assessment

HBAN10-KFiling Date: 2/16/2024
Huntington Bancshares Incorporated
Description

What this story covers

Huntington Bancshares reported a 13 percent net income decrease to 2 point 0 billion dollars due to a 214 million dollar FDIC assessment and other non-recurring charges. Despite this, net interest income rose 3 percent, and capital ratios strengthened, reflecting a resilient financial position.

Story snapshot

CompanyHuntington Bancshares Incorporated
TickerHBAN
VariantStandard detailed
Duration22:20
Filing type10-K
PeriodAnnual 2023
IndustryFinancial Services
Accession0000049196-24-000020

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