Huntington Bancshares (NASDAQ:HBAN) Releases Quarterly Earnings Results, Meets Expectations

Huntington Bancshares (NASDAQ:HBAN) issued its quarterly earnings data on Thursday. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39, FiscalAI reports. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the firm earned $0.34 EPS. Huntington Bancshares updated its FY 2026 guidance to 1.900-1.930 EPS.

Here are the key takeaways from Huntington Bancshares’ conference call:

• Huntington said it delivered an “exceptional quarter” with strong organic loan and deposit growth, expanding revenue and profitability, and a successful completion of the Cadence systems conversion. Management said the core franchise is now positioned to capture benefits from recent investments and partnerships.
• The Cadence conversion was completed quickly and smoothly, with deposits actually growing during and after the conversion weekend. Management highlighted this as evidence of strong execution, customer trust, and a successful integration playbook.
• Revenue momentum remained strong, with fee businesses performing especially well; value-added fee revenues rose sharply year over year, led by payments, wealth management, and capital markets. Management expects these fee streams to keep growing at a double-digit pace.
• The company narrowed its near-term NII outlook, saying it now expects NII to land at the low end or slightly below prior guidance due mainly to higher deposit costs and a more competitive funding environment. Even so, management expects NIM to improve in the second half as liquidity normalizes, fixed assets reprice, and Cadence deposit optimization progresses.
• Credit performance remained strong, with net charge-offs near the low end of guidance, criticized assets declining, and stress test results again among the best in the peer group. Huntington also reiterated its confidence in reaching its 2027 targets, including 18%-19% ROTCE and $1.90-$1.93 of EPS.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN traded down $0.23 during trading on Friday, hitting $17.16. 6,307,282 shares of the stock traded hands, compared to its average volume of 27,669,830. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average price of $17.09 and a two-hundred day moving average price of $16.93. Huntington Bancshares has a 52-week low of $14.89 and a 52-week high of $19.45. The company has a market cap of $34.80 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 0.82 and a beta of 0.93.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 47.69%.

More Huntington Bancshares News

Here are the key news stories impacting Huntington Bancshares this week:

• Positive Sentiment: Robert W. Baird raised its price target on Huntington Bancshares to $21 from $20 and reiterated an outperform rating, signaling confidence in further upside. Robert W. Baird raises HBAN price target
• Positive Sentiment: The company’s Q2 report showed earnings and revenue roughly in line to slightly above expectations, with stronger year-over-year profitability and improved business momentum. Huntington Bancshares Q2 earnings release
• Positive Sentiment: Management reaffirmed FY 2026 EPS guidance of $1.90-$1.93, suggesting confidence that earnings can continue to grow. HBAN guidance coverage
• Neutral Sentiment: Morgan Stanley kept an equal weight rating but cut its price target to $19 from $21, reflecting a more cautious view even as it still implies modest upside. Morgan Stanley price target update
• Neutral Sentiment: The board also declared a quarterly dividend of $0.155 per share, reinforcing the stock’s income appeal for shareholders. HBAN dividend announcement

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HBAN shares. JPMorgan Chase & Co. raised their price objective on Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research note on Monday, July 6th. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Jefferies Financial Group set a $18.00 price target on shares of Huntington Bancshares in a research note on Thursday. UBS Group upped their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Piper Sandler raised shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.14.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the completion of the sale, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the sale, the executive vice president owned 267,859 shares in the company, valued at $4,821,462. This represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have acquired 33,500 shares of company stock worth $617,542. Insiders own 0.67% of the company’s stock.

Institutional Trading of Huntington Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the company. Rehmann Capital Advisory Group lifted its position in Huntington Bancshares by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after acquiring an additional 694 shares during the last quarter. Glenmede Investment Management LP grew its position in shares of Huntington Bancshares by 1.7% in the third quarter. Glenmede Investment Management LP now owns 43,702 shares of the bank’s stock valued at $755,000 after purchasing an additional 728 shares during the last quarter. Advisory Services Network LLC grew its position in shares of Huntington Bancshares by 2.5% in the third quarter. Advisory Services Network LLC now owns 29,690 shares of the bank’s stock valued at $513,000 after purchasing an additional 737 shares during the last quarter. TIAA Trust National Association increased its stake in shares of Huntington Bancshares by 3.9% in the fourth quarter. TIAA Trust National Association now owns 23,374 shares of the bank’s stock worth $406,000 after purchasing an additional 884 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC increased its stake in shares of Huntington Bancshares by 2.1% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 43,838 shares of the bank’s stock worth $757,000 after purchasing an additional 904 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.