Reported 2 days ago
Huntington Bancshares reported an increase in its first-quarter profit, driven by higher interest income following rate cuts by the U.S. Federal Reserve, which lowered deposit costs and spurred loan growth. The bank's net income rose to $527 million, with net interest income jumping to $1.43 billion. Despite concerns over inflation and potential recession due to trade policies, Huntington expects a record increase in full-year net interest income, projecting growth between 5% and 7%.
Source: YAHOO