Huntington Bancshares (NASDAQ:HBAN) Posts Quarterly Earnings Results, Hits Expectations

Huntington Bancshares (NASDAQ:HBAN) announced its earnings results on Thursday. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39, FiscalAI reports. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.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 Trading Down 0.2%

NASDAQ:HBAN opened at $17.36 on Friday. The stock has a fifty day moving average price of $17.12 and a two-hundred day moving average price of $16.93. The stock has a market capitalization of $35.19 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.78 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.92. Huntington Bancshares has a 1 year low of $14.89 and a 1 year high of $19.45.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is 48.06%.

Insider Activity

In other news, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. The trade was a 26.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of the company’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 directly owned 267,859 shares in the company, valued at $4,821,462. This trade represents a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders purchased 33,500 shares of company stock valued at $617,542 in the last quarter. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares

Several hedge funds have recently made changes to their positions in HBAN. Palisade Asset Management LLC acquired a new stake in shares of Huntington Bancshares in the third quarter worth approximately $26,000. DV Equities LLC acquired a new position in Huntington Bancshares during the fourth quarter worth approximately $38,000. Intesa Sanpaolo Wealth Management purchased a new position in Huntington Bancshares during the fourth quarter worth approximately $65,000. MUFG Securities EMEA plc acquired a new position in shares of Huntington Bancshares in the 2nd quarter valued at $72,000. Finally, TCTC Holdings LLC purchased a new stake in shares of Huntington Bancshares during the 4th quarter valued at $101,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Key Stories Impacting Huntington Bancshares

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

• Positive Sentiment: HBAN reported Q2 adjusted EPS of $0.39, matching Wall Street estimates, while revenue came in slightly ahead of expectations. Management also raised FY 2026 EPS guidance to $1.90-$1.93, above consensus, signaling confidence in continued earnings growth. Article Title
• Positive Sentiment: The bank highlighted growth in net interest income, fee income, loans, and deposits, which supports the view that core business trends remain healthy. Article Title
• Positive Sentiment: Huntington also announced a quarterly dividend of $0.155 per share, which may appeal to income-focused investors and reinforces capital return plans.
• Neutral Sentiment: Analysts remain broadly constructive, with consensus calling the stock a “Moderate Buy,” but several firms kept only an “equal weight” view.
• Neutral Sentiment: Morgan Stanley and Stephens both lowered their price targets to $19, while Robert W. Baird raised its target to $21 and kept an outperform rating, leaving the analyst message mixed overall.
• Negative Sentiment: Rising funding costs pressured Q2 margins, and higher expenses and provisions remain a headwind for profitability. Article Title
• Negative Sentiment: The recent pullback in analyst price targets may be limiting upside expectations, even after the earnings report.

Analyst Ratings Changes

Several research analysts have commented on HBAN shares. Stephens cut their price target on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. raised their target price on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Weiss Ratings upgraded shares of Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Piper Sandler upgraded shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target for the company in a research note on Thursday, April 23rd. Finally, Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.14.

Huntington Bancshares Company Profile

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.