Huntington Bancshares (HBAN) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter was higher compared to the immediately preceding period. However, when measured against the same quarter one year earlier, revenue declined.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter was higher compared to the immediately preceding period. However, when measured against the same quarter one year earlier, revenue declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$338M
Revenue reported for this quarter.
Quarter-over-quarter
+1.8%
Change from the immediately preceding quarter.
Year-over-year
-2.0%
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 |
|---|---|---|
| Dec 31, 2022 | $343M | +7.5% |
| Mar 31, 2023 | $377M | +22.4% |
| Jun 30, 2023 | $332M | +3.1% |
| Sep 30, 2023 | $338M | -2.0% |
Revenue performance
The reported revenue moved upward sequentially, reflecting improved performance relative to the prior quarter. The filing context does not provide specific factors behind this change.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. In contrast, revenue fell compared to the same quarter one year earlier.
What to watch
Monitor whether the year-over-year decline deepens or reverses in coming quarters, given the mixed directional signals.