NASDAQ$HBAN
Huntington Bancshares Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported strong Q1 results and disciplined execution demonstrating Huntington's stability and robust financial performance.
Huntington Bancshares Incorporated reported a net income of $602 million, or $0.39 per common share, for the first quarter of 2023. The results reflect the strength and stability of Huntington and the continued execution of its strategy, despite the market disruption in March. The company's solid capital levels, strong credit profile, and leading deposit and liquidity profile have positioned it to enter this period from a position of strength.
- Earnings per common share (EPS) for the quarter were $0.39, an increase of $0.10 from the year-ago quarter.
- Net interest income decreased $53 million, or 4%, from the prior quarter, and increased $263 million, or 23%, from the year-ago quarter.
- Pre-Provision Net Revenue (PPNR) decreased $49 million, or 5%, from the prior quarter to $844 million, and increased $244 million, or 41%, from the year-ago quarter.
- Cash and cash equivalents and available contingent borrowing capacity of $61 billion at March 31, 2023, representing 136% of uninsured deposits.
Headline financials
Revenue & EPS history
Huntington · Revenue · Quarterly
$1.92B
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.3%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+2.5%
Avg return
30 days after
49%
34 / 69 earnings
Positive
+12.5%
Q3 2022
Best reaction
-9.1%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -1.6% | -5.5% | |
| Q4 2025 | -5.8% | -1.6% | -5.5% | |
| Q3 2025 | +1.0% | +3.3% | +2.3% | |
| Q2 2025 | +0.5% | -0.6% | +6.3% | |
| Q1 2025 | +3.0% | +5.0% | +21.9% | |
| Q4 2024 | +1.5% | +0.1% | -0.7% | |
| Q3 2024 | -3.0% | -1.9% | +11.7% | |
| Q2 2024 | +5.0% | +4.3% | -2.8% | |
| Q1 2024 | +2.7% | +4.4% | +7.8% | |
| Q4 2023 | +5.6% | +6.9% | +5.1% | |
| Q3 2023 | -4.6% | -5.6% | +10.5% | |
| Q2 2023 | +2.1% | +2.6% | -6.1% | |
| Q1 2023 | -3.4% | -7.6% | -14.1% | |
| Q4 2022 | +5.1% | +5.2% | +9.8% | |
| Q3 2022 | +12.5% | +13.0% | +12.8% | |
| Q2 2022 | +0.5% | -0.6% | +8.6% | |
| Q1 2022 | -3.4% | -4.7% | -8.6% | |
| Q4 2021 | -6.2% | -7.5% | -5.0% | |
| Q3 2021 | -1.4% | -1.0% | -3.8% | |
| Q2 2021 | +0.6% | +3.3% | +11.9% | |
| Q1 2021 | -3.9% | -1.9% | +1.5% | |
| Q4 2020 | -7.1% | -8.5% | +5.4% | |
| Q3 2020 | +8.0% | +2.6% | +21.3% | |
| Q2 2020 | +4.0% | -1.1% | -1.3% | |
| Q1 2020 | +1.5% | +13.7% | +0.7% | |
| Q4 2019 | -6.9% | -7.7% | -5.6% | |
| Q3 2019 | +0.1% | -0.1% | +2.7% | |
| Q2 2019 | +1.9% | +0.7% | -13.2% | |
| Q1 2019 | +0.0% | +1.3% | -3.9% | |
| Q4 2018 | -0.1% | +0.0% | +5.7% | |
| Q3 2018 | -3.7% | -0.4% | +5.6% | |
| Q2 2018 | +0.1% | +1.3% | +6.0% | |
| Q1 2018 | +0.3% | +0.9% | +0.9% | |
| Q4 2017 | +0.5% | +1.1% | -1.9% | |
| Q3 2017 | -2.1% | -3.1% | -5.3% | |
| Q2 2017 | -2.7% | -2.8% | -6.6% | |
| Q1 2017 | -0.6% | +1.5% | -1.8% | |
| Q4 2016 | +5.7% | +2.8% | +7.0% | |
| Q3 2016 | +5.5% | +4.0% | +23.3% | |
| Q2 2016 | +0.4% | +1.8% | +2.9% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | -1.2% | — | — | |
| Q3 2015 | +4.8% | — | — | |
| Q2 2015 | +1.4% | — | — | |
| Q1 2015 | -2.1% | — | — | |
| Q4 2014 | +2.9% | — | — | |
| Q3 2014 | -0.8% | — | — | |
| Q2 2014 | +4.7% | — | — | |
| Q1 2014 | -2.7% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | +3.5% | — | — | |
| Q2 2013 | +1.7% | — | — | |
| Q1 2013 | -5.0% | — | — | |
| Q4 2012 | +4.2% | — | — | |
| Q3 2012 | -8.5% | — | — | |
| Q2 2012 | -4.1% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q4 2008 | +1.3% | — | — | |
| Q4 2011 | +1.3% | — | — | |
| Q3 2011 | -9.1% | — | — | |
| Q2 2011 | -3.0% | — | — | |
| Q1 2011 | -1.2% | — | — | |
| Q1 2010 | -1.2% | — | — | |
| Q2 2009 | -6.7% | — | — | |
| Q4 2010 | -6.7% | — | — | |
| Q3 2010 | -1.1% | — | — | |
| Q3 2009 | -1.1% | — | — | |
| Q4 2009 | -2.1% | — | — | |
| Q2 2010 | -2.1% | — | — |
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