Huntington Bancshares (NASDAQ:HBAN) Announces Quarterly Earnings Results

Huntington Bancshares (NASDAQ:HBAN) released its quarterly earnings results on Thursday. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38, FiscalAI reports. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates 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 company earned $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 Stock Down 0.4%

HBAN stock opened at $15.66 on Friday. The firm’s fifty day simple moving average is $16.16 and its 200-day simple moving average is $16.66. The company has a market capitalization of $31.64 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 1.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares has a 12 month low of $14.82 and a 12 month high of $19.45.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 18th will be issued a $0.1550 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, December 18th. Huntington Bancshares’s dividend payout ratio is 48.06%.

Huntington Bancshares News Roundup

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

• Positive Sentiment: Third-quarter adjusted earnings of $0.38 per share matched the consensus estimate. Net interest income increased 1% sequentially to $2.069 billion, while net interest margin expanded to 3.25% from 3.21%, supported by higher fee income and improved spread income. 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 an indicated yield of about 4.0%. Huntington also repurchased $100 million of common stock during the quarter, bringing year-to-date buybacks to $409 million. Huntington Bancshares Maintains Quarterly Common Dividend Payout
• Neutral Sentiment: Deposits rose 0.2% sequentially to $223.8 billion and the CET1 capital ratio was a solid 10.1%, although average loans and leases declined 0.4% to $188.4 billion. Preferred stock dividends were also declared, preserving income distributions across Huntington’s capital securities. Huntington preferred dividend announcement
• Negative Sentiment: Revenue of $2.791 billion missed the $2.82 billion estimate and fell from $2.837 billion in the prior quarter. GAAP net income declined sequentially to $721 million, while noninterest income dropped 8% and expenses, credit costs and worsening credit quality remain investor concerns. Huntington Reports Third-Quarter Revenue and EPS
• Negative Sentiment: Investors reacted negatively to the sequential earnings decline and reduced 2026 outlook, which suggest that rising expenses and weaker credit trends may limit near-term earnings growth despite the bank’s stronger net interest income. Huntington Bancshares falls on sequential decline in Q3 earnings and reduced guidance

Analysts Set New Price Targets

HBAN has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their price objective on Huntington Bancshares from $19.50 to $18.00 and set a “market perform” rating for the company in a report on Tuesday, October 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, August 18th. DA Davidson dropped their target price on Huntington Bancshares from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, September 21st. Evercore reduced their target price on Huntington Bancshares from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, September 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Huntington Bancshares in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average target price of $19.19.

Insider Buying and Selling at Huntington Bancshares

In related news, insider Kendall Kowalski sold 27,971 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider owned 70,025 shares of the company’s stock, valued at $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is owned by insiders.

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.