Huntington Bancshares (HBAN) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased compared with both the prior quarter and the same quarter one year earlier. The decline extended the fluctuating pattern observed over recent periods.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared with both the prior quarter and the same quarter one year earlier. The decline extended the fluctuating pattern observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$336M
Revenue reported for this quarter.
Quarter-over-quarter
-4.8%
Change from the immediately preceding quarter.
Year-over-year
-10.9%
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, 2023 | $332M | +3.1% |
| Sep 30, 2023 | $338M | -2.0% |
| Dec 31, 2023 | $353M | +2.9% |
| Mar 31, 2024 | $336M | -10.9% |
Revenue performance
Revenue declined in the current quarter, reflecting a contraction from the preceding quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower, and it also fell relative to the same quarter one year earlier.
What to watch
The board declared a quarterly common stock dividend, signaling continued capital return to shareholders.