Huntington Bancshares (HBAN) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter rose, reflecting a continued upward trend. The increase was driven by growth compared to both the prior quarter and the same period a year ago.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter rose, reflecting a continued upward trend. The increase was driven by growth compared to both the prior quarter and the same period a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$377M
Revenue reported for this quarter.
Quarter-over-quarter
+9.9%
Change from the immediately preceding quarter.
Year-over-year
+22.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $322M | +25.3% |
| Sep 30, 2022 | $345M | +9.5% |
| Dec 31, 2022 | $343M | +7.5% |
| Mar 31, 2023 | $377M | +22.4% |
Revenue performance
Revenue increased from the immediately preceding quarter, marking a third consecutive quarterly gain. The year-over-year comparison also showed a clear improvement.
Quarterly comparison
The reported revenue exceeded the prior quarter's figure and was higher than the same quarter one year earlier, based on the supplied percentage changes.
What to watch
Sustaining the positive revenue trajectory will depend on maintaining the factors that contributed to the recent growth.