Huntington Bancshares (HBAN) Revenue — Quarter Ended Jun 30, 2023
Revenue declined compared to the prior quarter, but remained above the level reported in the same quarter a year earlier. The sequential decrease followed a period of strong growth in the preceding quarter.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined compared to the prior quarter, but remained above the level reported in the same quarter a year earlier. The sequential decrease followed a period of strong growth in the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$332M
Revenue reported for this quarter.
Quarter-over-quarter
-11.9%
Change from the immediately preceding quarter.
Year-over-year
+3.1%
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 |
|---|---|---|
| Sep 30, 2022 | $345M | +9.5% |
| Dec 31, 2022 | $343M | +7.5% |
| Mar 31, 2023 | $377M | +22.4% |
| Jun 30, 2023 | $332M | +3.1% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter, reversing the prior period's upward trend.
Quarterly comparison
Compared with the same quarter last year, revenue was higher. The sequential decline contrasts with the substantial increase seen in the prior quarter.
What to watch
The filing notes that the parent company had higher cash and cash equivalents at the end of the period compared to year-end, but no forward guidance is provided.