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Huntington Bancshares Lowers 2024 Net Interest Income Outlook
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Huntington Bancshares Lowers 2024 Net Interest Income Outlook
Jun 10, 2024 6:02 AM

08:42 AM EDT, 06/10/2024 (MT Newswires) -- Huntington Bancshares ( HBAN ) said in a regulatory filing Monday that it now expects its 2024 net interest income to fall 1% to 4% from a year earlier, down from its prior range of 2% fall to 2% growth.

Analysts polled by Capital IQ expect $5.43 billion.

The company anticipates a sequential rise in its net interest income from the Q1 level and an accelerated growth in H2 and into 2025, Huntington added in its 8-K filing with the US Securities and Exchange Commission.

The company maintained its 2024 noninterest income outlook of 5% to 7% growth.

Shares of the company were down 2.4% in recent Monday premarket activity.

Price: 13.08, Change: -0.32, Percent Change: -2.39

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