(CNN) — A 7.4 magnitude earthquake struck off the southeastern coast of the Philippines Friday morning, according to the US Geological Survey, sending panicked residents running into the streets as the ground shook.

The quake struck off the eastern side of Mindanao island, 123 kilometers (79 miles) from the island’s biggest city Davao, at a depth of 58.1 kilometers (36 miles), around 9:45 a.m. local time, according to the USGS.

At least one person died after they were buried under the rubble in the province of Davao Oriental, 2nd District Rep. Cheeno Almario said at a news briefing.

The US Tsunami Warning system initially warned of possible tsunami waves in the Philippines, Indonesia and the island nation of Palau, but the threat had passed by midday.

A 6.7 magnitude aftershock earthq

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