Huntington Bancshares (NASDAQ:HBAN) Issues Quarterly Earnings Results, Meets Estimates

Huntington Bancshares (NASDAQ:HBAN) issued its quarterly earnings results on Thursday. The bank reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38, FiscalAI reports. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. During the same period in the previous year, the firm posted $0.41 earnings per share.

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 Price Performance

Shares of HBAN opened at $15.73 on Friday. Huntington Bancshares has a one year low of $14.82 and a one year high of $19.45. The stock’s fifty day moving average is $16.12 and its 200-day moving average is $16.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $31.78 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 1.00 and a beta of 0.95.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 18th will be issued a $0.1550 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, December 18th. Huntington Bancshares’s dividend payout ratio is 48.06%.

Insider Transactions at Huntington Bancshares

In other news, insider Kendall Kowalski sold 27,971 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the sale, the insider owned 70,025 shares in the company, valued at approximately $1,204,430. This represents a 28.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Huntington Bancshares from $19.50 to $18.00 and set a “market perform” rating for the company in a research report on Tuesday, October 6th. UBS Group set a $18.00 price target on shares of Huntington Bancshares in a report on Tuesday, October 6th. Bank of America reissued 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. Royal Bank Of Canada reissued an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Finally, Zacks Research downgraded shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Key Stories Impacting Huntington Bancshares

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

• Positive Sentiment: Huntington reported third-quarter adjusted earnings of $0.38 per share, matching analyst expectations. Net interest income rose 1% sequentially to $2.069 billion, while the net interest margin improved to 3.25% from 3.21%. Fee income and net interest income also increased year over year. Huntington Q3 Earnings Match Estimates as NII & Fee Income Rise Y/Y
• Positive Sentiment: The board maintained the quarterly common dividend at $0.155 per share, equivalent to $0.62 annually and a yield of approximately 3.9%. The bank also repurchased $100 million of common stock during the quarter, bringing year-to-date repurchases to $409 million. Huntington Bancshares Maintains Quarterly Common Dividend Payout
• Positive Sentiment: Robert W. Baird retained an “outperform” rating, indicating confidence in the shares’ longer-term potential despite lowering its price target from $21 to $19. Robert W. Baird stock recommendations
• Neutral Sentiment: Capital and funding metrics remained solid: the CET1 ratio was 10.1%, average deposits edged higher and the bank continued returning capital to shareholders.
• Negative Sentiment: Quarterly revenue of $2.79 billion fell short of the $2.82 billion consensus and declined from $2.837 billion in the prior quarter. GAAP earnings per share were $0.33, down from $0.41 a year earlier, while average loans and leases decreased 0.4% sequentially.
• Negative Sentiment: Investors remain concerned about rising expenses, worsening credit quality and reduced 2026 guidance. Noninterest income declined 8% sequentially, offsetting some of the benefit from stronger net interest income. Huntington Bancshares falls on sequential decline in Q3 earnings and reduced 2026 guidance

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.