Huntington Bancshares (NASDAQ:HBAN – Get Free Report) posted its earnings results on Thursday. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38, FiscalAI reports. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same period in the previous year, the business posted $0.41 EPS.
Here are the key takeaways from Huntington Bancshares’ conference call:
- Management reaffirmed its 2027 EPS outlook of $1.75–$1.83, supported by expected loan growth, stable net interest margin, fee-income growth, expense synergies, and share repurchases.
- Third-quarter net interest income rose 0.9% sequentially and 37% year over year to approximately $2.1 billion, while net interest margin expanded four basis points to 3.25%; management expects NIM to remain broadly stable in the fourth quarter.
- Fee businesses continued to outperform, with value-added fee revenue up more than 15% year over year and full-year fee growth now expected at approximately 31%; treasury management, capital markets, wealth, and payments were key contributors.
- Cadence and Veritex partnerships are delivering planned cost synergies and revenue synergies ahead of initial expectations, while Huntington continues to expand in Texas and the South; the company also repurchased approximately $460 million of stock year to date.
- Management cited heightened competition and pricing pressure, particularly in deposits, commercial real estate, auto, and residential mortgage lending, prompting it to reduce production where risk-adjusted returns are unattractive; deposit beta is expected to remain elevated at roughly 50%–60%.
Huntington Bancshares Stock Down 0.4%
Shares of NASDAQ HBAN opened at $15.66 on Friday. Huntington Bancshares has a 52-week low of $14.82 and a 52-week high of $19.45. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The company’s 50-day simple moving average is $16.16 and its 200-day simple moving average is $16.66. The firm has a market cap of $31.64 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 1.00 and a beta of 0.95.
Insiders Place Their Bets
In related news, insider Kendall Kowalski sold 27,971 shares of Huntington Bancshares stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $17.20, for a total value of $481,101.20. Following the sale, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on HBAN shares. Bank of America reiterated a “neutral” rating and issued a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Wells Fargo & Company dropped their target price on Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 16th. Zacks Research downgraded Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Morgan Stanley reissued an “equal weight” rating and issued a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Finally, Jefferies Financial Group cut their price objective on Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average target price of $19.19.
Check Out Our Latest Research Report on Huntington Bancshares
Huntington Bancshares News Roundup
Here are the key news stories impacting Huntington Bancshares this week:
- Positive Sentiment: Net interest income increased 1% sequentially to $2.069 billion, while the net interest margin expanded four basis points to 3.25%. Fee income also improved year over year, supporting revenue growth. Huntington Q3 earnings report
- Positive Sentiment: Management continued returning capital to shareholders, repurchasing $100 million of common stock during the quarter and $409 million year to date. The board also maintained the quarterly common dividend, reinforcing Huntington’s shareholder-return policy. Huntington maintains dividend
- Neutral Sentiment: Third-quarter adjusted EPS of $0.38 matched analysts’ estimates, but reported revenue of $2.79 billion fell short of the $2.82 billion consensus. The company generated $721 million of GAAP net income and ended the quarter with a solid 10.1% CET1 capital ratio. Huntington Q3 2026 results
- Negative Sentiment: Profitability declined from the prior year, with EPS falling from $0.41 to $0.38. Total revenue also decreased from $2.837 billion in the second quarter, while average loans and leases fell 0.4% sequentially. Huntington earnings report
- Negative Sentiment: Higher expenses and worsening credit quality weighed on the quarter. Investors are also reacting to reduced 2026 guidance and the sequential decline in earnings, which suggest near-term pressure on growth and asset quality. Huntington reduced guidance report
About Huntington Bancshares
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.
The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.
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