Huntington Bancshares Reports Q4 2024 Net Income of $530 Million and Record Quarterly Fee Income

Huntington Bancshares reported fourth-quarter 2024 net income of $530 million, or $0.34 per share, as the Columbus, Ohio-based regional bank capped a full year in which net income reached $1.94 billion. The results, released on 17 January 2025, reflected broad-based growth across the bank's loan, deposit, and fee income lines, with management characterising the fee performance as a record for the institution.

Average loans grew $3.7 billion in the fourth quarter alone, reaching $128.2 billion. Average deposits rose $2.9 billion over the same period, helping to fund the growth in lending. The Common Equity Tier 1 ratio stood at 10.5% at the close of the quarter.

FULL-YEAR DEPOSITS AND LOANS

For the full financial year 2024, Huntington's average deposits grew by $7.7 billion. Average loans grew $3.6 billion over the same twelve-month period.