Bessemer Group Inc. increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 246.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,620 shares of the bank’s stock after acquiring an additional 37,451 shares during the period. Bessemer Group Inc.’s holdings in Huntington Bancshares were worth $824,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in HBAN. Wellington Management Group LLP boosted its stake in Huntington Bancshares by 4,265.5% in the 4th quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock worth $1,215,955,000 after purchasing an additional 68,478,435 shares in the last quarter. Norges Bank purchased a new position in Huntington Bancshares in the fourth quarter worth about $432,584,000. Vanguard Group Inc. lifted its stake in shares of Huntington Bancshares by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock worth $3,319,385,000 after buying an additional 14,338,222 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Huntington Bancshares by 2,458.7% in the fourth quarter. Marshall Wace LLP now owns 4,516,068 shares of the bank’s stock worth $78,354,000 after buying an additional 4,339,571 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Huntington Bancshares during the fourth quarter valued at approximately $75,236,000. 80.72% of the stock is owned by institutional investors.
Insider Transactions at Huntington Bancshares In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction dated 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 directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $190,224.00. Following the transaction, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders purchased 33,500 shares of company stock valued at $617,542. Corporate insiders own 0.67% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research analysts have recently issued reports on HBAN shares. The Goldman Sachs Group lowered their price target on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Royal Bank Of Canada lifted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Stephens assumed coverage on shares of Huntington Bancshares in a research note on Monday, June 15th. They set an “equal weight” rating and a $19.00 target price on the stock. Morgan Stanley raised their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Evercore reissued an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.20.
Read Our Latest Stock Report on Huntington Bancshares
Huntington Bancshares Price Performance Shares of HBAN stock opened at $17.40 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market cap of $35.27 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.82 and a beta of 0.93. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45. The stock’s fifty day simple moving average is $17.09 and its 200 day simple moving average is $16.93.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter in the prior year, the firm earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, analysts expect that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current fiscal year.
Huntington Bancshares Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be issued a $0.155 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 47.69%.
Huntington Bancshares News Roundup Here are the key news stories impacting Huntington Bancshares this week:
Positive Sentiment: Adjusted Q2 EPS came in at $0.39, matching Wall Street estimates and improving from $0.38 a year ago, while revenue of about $2.85 billion was slightly ahead of expectations. Article link Positive Sentiment: Net interest income, fee income, loans, and deposits all increased year over year, pointing to solid underlying business momentum. Article link Positive Sentiment: The company raised full-year 2026 EPS guidance to $1.90-$1.93, above the consensus estimate, signaling management confidence in earnings growth ahead. Neutral Sentiment: Huntington said it maintained its 2026 outlook overall, and investors are likely focusing on the balance between stronger income trends and softer margins. Article link Negative Sentiment: Net interest margin declined in the quarter as funding costs rose, which may temper enthusiasm even with stronger revenue and earnings growth. Article link Negative Sentiment: Rising expenses and provisions remain a headwind, suggesting some pressure on profitability despite the better operating revenue mix. Article link Huntington Bancshares Company Profile (Free Report)
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.
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, /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors ("Board") declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.155 per common share, unchanged from the prior quarter. The common stock cash dividend is payable October 1, 2026, to shareholders of record on September 17, 2026.
The Board also declared quarterly cash dividends on the following six series of its preferred stock payable October 15, 2026, to their respective shareholders of record on October 1, 2026:
A quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $16.78632394 per share (equivalent to $0.4196581 per depositary receipt share). A quarterly cash dividend on its 5.625% Series F Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of $1,406.25 per share (equivalent to $14.0625 per depositary share). A quarterly cash dividend on its 4.450% Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AV6) of $1,112.50 per share (equivalent to $11.1250 per depositary share). A quarterly cash dividend on its 4.5% Series H Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANP) of $11.25 per share (equivalent to $0.28125 per depositary share). A quarterly cash dividend on its 6.875% Series J Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANL) of $17.19 per share (equivalent to $0.42975 per depositary share). A quarterly cash dividend on its 6.25% Series K Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150BG8) of $1,562.50 per share (equivalent to $15.625 per depositary share). Lastly, the Board declared a quarterly cash dividend on the company's 5.50% Series L Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANZ) of $343.75 per share (equivalent to $0.34375 per depositary share) payable November 20, 2026, to shareholders of record on November 5, 2026.
About Huntington
Huntington Bancshares Incorporated is a $284 billion asset regional bank holding company headquartered in Columbus, Ohio. A top 10 U.S. commercial bank, the Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Founded in 1866, Huntington operates over 1,400 branches in 21 states, with certain businesses operating nationally. Visit Huntington.com for more information.
Key Takeaways HBAN posted Q2'26 EPS of 39 cents, matching estimates and rising from 35 cents a year ago.HBAN's NII rose 40% Y/Y, while non-interest income increased 67% Y/Y.Higher expenses, provisions and non-performing assets remained key headwinds. Huntington Bancshares Incorporated (HBAN - Free Report) reported second-quarter 2026 adjusted earnings per share (EPS) of 39 cents, which matched the Zacks Consensus Estimate. In the prior-year quarter, the company reported EPS of 38 cents.
Results reflected improvements in net interest income (NII) and non-interest income. Also, an increase in loan and deposit balances was a tailwind. However, an increase in non-interest expenses and higher provisions acted as a spoilsport.
The quarter’s results excluded 6 cents per share of the after-tax impact of acquisition-related expenses. After considering this, net income attributable to common shareholders (GAAP basis) was $727 million, up 36% year over year.
HBAN’s Revenues & Expenses IncreaseTotal quarterly revenues (on a fully taxable-equivalent or FTE basis) increased 46% year over year to $2.86 billion in the second quarter. The top line surpassed the Zacks Consensus Estimate of $2.85 billion.
NII (FTE basis) was $2.07 billion, up 40% from the prior-year quarter’s tally. The increase reflected higher average earning assets and an expansion in net interest margin (NIM). NIM rose 10 basis points year over year to 3.21%.
Non-interest income climbed 67% year over year to $785 million. The upside was driven by increases in capital markets and advisory fees, payments and cash management revenues, customer deposit and loan fees, wealth and asset management revenues and mortgage banking income. The prior-year quarter also included a $58-million loss from the sale of certain investment securities.
Non-interest expenses surged 51% year over year to $1.81 billion. The rise was mainly due to increases in personnel costs, outside data processing and other services, net occupancy expenses, equipment costs and amortization of intangibles. Adjusted non-interest expenses increased 39% to $1.66 billion.
The efficiency ratio was 61.5%, up from 59% in the year-ago quarter. An increase in the efficiency ratio indicates lower profitability.
HBAN’s Loans and Deposits IncreaseAverage loans and leases at Huntington rose 9% sequentially to $189.3 billion. Growth was supported by the full-quarter impact of the Cadence acquisition and organic growth across corporate and specialty banking, asset finance and middle-market lending.
Average total deposits increased 9% sequentially to $223.4 billion. The rise was driven by the full-quarter impact of the Cadence acquisition and growth in demand, savings and time deposits.
HBAN’s Credit Quality DeterioratesNet charge-offs were $119 million, up from $66 million reported in the prior-year quarter. The quarter-end allowance for credit losses increased to $3.38 billion from $2.52 billion in the year-ago quarter. Total non-performing assets were $1.61 billion as of June 30, 2026, up from $852 million in the prior-year quarter.
Net charge-offs as a percentage of average total loans and leases were 0.25%, up from 0.20% in the year-ago quarter.
In the second quarter, the company recorded a provision for credit losses of $132 million, up from $103 million in the year-ago quarter.
HBAN’s Capital Ratios: Mixed BagThe common equity tier 1 (CET1) risk-based capital ratio was 10% in the second quarter, down from 10.5% in the year-ago period.
The regulatory Tier 1 risk-based capital ratio was 11.3%, down from 11.8% in the comparable period in 2025.
The tangible common equity to tangible assets ratio was 7.1%, up from 6.6% in the year-ago quarter.
HBAN’s Share Repurchase UpdateDuring the second quarter, Huntington repurchased $159 million of common shares. The company repurchased $309 million, or approximately 19 million shares, in the first half of 2026.
Our View on HBANThe company’s acquisitions and continued organic loan and deposit growth are likely to support revenues. In June 2026, Huntington successfully completed the systems conversion of Cadence Bank, marking the final major integration milestone. The company also realized $70 million of annualized run-rate expense savings in the second quarter from its October 2025 Veritex acquisition and expects the full earnings contribution from its recent acquisitions by the fourth quarter. The anticipated cost and revenue synergies are encouraging. However, elevated expenses and an increase in non-performing assets remain concerns.
Currently, Huntington carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other BanksFirst Horizon Corporation (FHN - Free Report) posted second-quarter 2026 earnings per share of 54 cents, surpassing the Zacks Consensus Estimate of 52 cents. This compares favorably with 45 cents in the year-ago quarter
FHN’s results benefited from higher NII and non-interest income, along with a lower provision for credit losses. Higher loan and deposit balances also provided support. However, rising expenses and weaker capital ratios were headwinds.
M&T Bank Corporation (MTB - Free Report) reported second-quarter 2026 net operating earnings per share of $5.35, which beat the Zacks Consensus Estimate of $4.66. The bottom line compared favorably with earnings of $4.28 per share in the year-ago quarter.
MTB’s results were aided by higher NII and a rise in non-interest income on a year-over-year basis, along with loan growth. However, higher expenses acted as headwinds.
Huntington Bancshares Incorporated (HBAN) Q2 2026 Earnings Call July 23, 2026 9:00 AM EDT
Company Participants
Eric Wasserstrom - Executive VP & Head of Investor Relations
Stephen Steinour - Chairman, President & CEO
Brantley Standridge - Senior EVP and President of Consumer & Regional Banking
Zachary Wasserman - CFO & Senior EVP
Conference Call Participants
L. Erika Penala - UBS Investment Bank, Research Division
Manan Gosalia - Morgan Stanley, Research Division
Jon Arfstrom - RBC Capital Markets, Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
Kenneth Usdin - Bernstein Autonomous LLP
Presentation
Operator
Greetings, and welcome to the Huntington Bancshares Second Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the conference over to your host, Eric Wasserstrom.
Eric Wasserstrom
Executive VP & Head of Investor Relations
Thank you, operator. Good morning, and welcome, everyone, to our second quarter call. Our presenters today are Steve Steinour, Chairman, President and CEO; Brant Standridge, President of Consumer and Regional Banking; and Zach Wasserman, Chief Financial Officer; Brendan Lawlor, Chief Credit Officer, will join us for Q&A.
Earnings documents, which include our forward-looking statements disclaimer and non-GAAP information and copies of the slides we will be reviewing today are available on the Investor Relations section of our website, which is www.ir.huntington.com. As a reminder, this call is being recorded, and a replay will be available starting about 1 hour after the close of the call.
With that, let me now turn it over to Steve.
Stephen Steinour
Chairman, President & CEO
Thanks, Eric. Good morning, and thank you for joining us. Starting on Slide 3. We delivered an exceptional quarter marked by strong organic growth, expanding revenue and profitability and the successful completion of the Cadence systems conversion. We achieved these results while continuing to invest in our businesses, technology and support
MarketBeat Week in Review – 03/09 - 03/13Huntington Bancshares NASDAQ: HBAN executives said the bank delivered a strong second quarter of 2026, citing organic loan and deposit growth, higher revenue, improving profitability and completion of the Cadence systems conversion as key milestones.
Chairman, President and CEO Stephen Steinour called the quarter “exceptional,” saying Huntington is now at an “inflection point” after completing recent integrations and expanding its footprint. He said customer activity remains steady, commercial demand is broad-based and visibility on economic trends has improved since the prior quarter.
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Huntington Bancshares Is Chasing a Bigger Growth Story“Our core businesses are performing at a high level, our conversions are complete, and we are positioned to capture the benefits of our investments, as well as the recent partnerships and expanded footprint,” Steinour said.
Cadence Conversion Completed as Management Shifts Focus to Growth Brant Standridge, Huntington’s President of Consumer and Regional Banking, said the bank completed the Cadence systems conversion 235 days after announcement. He said the process included training and transitioning 4,500 colleagues onto Huntington systems, onboarding hundreds of thousands of customers, converting ATM and ITM locations and changing more than 4,000 signs.
Regional Banking Sector Near a Critical Inflection PointStandridge said Huntington grew deposits during the conversion weekend and in the weeks that followed, a result he described as unusual for a bank conversion. He said the company is retaining about 80% of maturing CD balances in the Cadence footprint, reducing higher-cost wholesale funding and brokered deposits, and increasing checking account growth.
Management said Huntington remains on track to achieve $365 million in Cadence cost synergies in the fourth quarter. Chief Financial Officer Zach Wasserman said the combined Veritex and Cadence run-rate expense synergy target remains $435 million by the fourth quarter.
Standridge also highlighted early revenue opportunities from the Cadence combination, including nearly $1 billion of expanding client commitments across energy, commercial real estate and auto floorplan businesses. He said Huntington has completed more than 10 capital markets transactions with customers in the Cadence footprint since closing, generating approximately $12 million of fees.
Loan and Deposit Growth Remain Central to Results Wasserman said average loans increased $15 billion, or 8.6%, sequentially in the second quarter. Normalizing for the day-count effect of the Cadence balance sheet in the first quarter, average loans increased $2.2 billion, or 1.2%, which he described as strong organic expansion.
Loan growth was led by commercial and industrial categories, including corporate and specialty areas. Wasserman cited activity from the financial institutions group, industrials, diversified businesses, corporate mortgage finance and Native American financial services. Commercial real estate balances declined modestly as planned, while auto production was lower.
Average deposits increased $18.8 billion, or 9.2%, sequentially. On an organic basis adjusted for the Cadence day-count effect, deposits grew $4 billion, or 1.8%, outpacing loan growth. Wasserman said primary banking relationships increased across customer segments, with consumer relationships up 4%, business banking up 5% and commercial up 8% year-over-year.
Deposit costs increased six basis points during the quarter, including about one basis point from the full-quarter impact of Cadence and five basis points from the legacy Huntington franchise.
Revenue Momentum Includes Strong Fee Growth Net interest income was $2.1 billion, up 8.5% sequentially, supported by what management called strong core-funded asset growth. Huntington’s net interest margin increased 10 basis points year-over-year but declined three basis points sequentially. Wasserman said the second quarter should represent the trough for net interest margin, with expected improvement from fixed-asset repricing, liquidity optimization and Cadence deposit portfolio actions.
Value-added fee revenues rose more than 60% year-over-year. Excluding the impacts of Cadence, the Janney Capital Markets business acquisition and last year’s sale of the corporate trust business, Wasserman said value-added fee revenue increased about 30% organically year-over-year.
In specific fee categories, payments increased 10% year-over-year, wealth management rose 12%, capital markets increased 46% and loan and deposit fees grew 19%.
Wasserman said adjusted pre-provision net revenue increased 12% quarter-over-quarter, while value-added fee revenues increased 15%. He also said Huntington generated 210 basis points of positive operating leverage on a trailing 12-month basis.
Outlook Emphasizes NII Pressure, Fee Upside and 2027 Targets Management’s full-year outlook drew scrutiny during the question-and-answer portion of the call after UBS analyst Erika Najarian noted that the stock opened down about 5% and asked about the unchanged outlook despite a lower net interest income expectation.
Wasserman said overall revenue remains robust, but the spread outlook has shifted more toward volume-driven growth. He said Huntington expects net interest income to be at the bottom end of its range or perhaps modestly below it, largely because of deposit cost pressure. At the same time, he said fee income is tracking toward the high end of guidance or potentially above it.
Wasserman said the company expects net interest margin to rise modestly into the low 320-basis-point range in the third quarter and into the mid- to high-320s in the fourth quarter. He also said management expects loans and deposits to grow sequentially in the second half of the year.
Executives reiterated longer-term targets for 2027, including earnings per share of $1.90 to $1.93 and return on tangible common equity in the 18% to 19% range. Wasserman said Huntington expects EPS growth of approximately 30% from the 2025 level, supported by organic growth, fee income expansion, revenue synergies and expense discipline.
Credit and Capital Remain Areas of Management Confidence Wasserman said credit performance remains strong and consistent with expectations. Net charge-offs are trending near the low end of the company’s guided range, and Huntington now expects charge-offs to be in the lower half of its 25- to 35-basis-point range for the year. He said criticized assets declined during the quarter, while nonperforming assets remain elevated because of government-guaranteed loan categories with “virtually no loss content” and downgrades of select commercial credits.
Huntington completed $310 million of its planned $550 million share repurchase program for 2026 year-to-date. Wasserman said the company expects to repurchase an additional $1.1 billion to $1.2 billion in 2027.
Steinour closed the call by saying Huntington has become a “stronger, more diversified super regional bank” through new markets, broader business mix and added capabilities. He said the company remains on track for its 2027 financial targets, with the fourth quarter expected to provide a clearer view of the earnings power of the combined franchise.
About Huntington Bancshares (NASDAQ:HBAN)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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Huntington Bancshares (HBAN - Free Report) reported $2.86 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 42%. EPS of $0.39 for the same period compares to $0.38 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.85 billion, representing a surprise of +0.22%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.39.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Huntington Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 61.5% versus the two-analyst average estimate of 57.9%.Regulatory Tier 1 risk-based capital ratio: 11.3% versus 11.6% estimated by two analysts on average.Net charge-offs / Average total loans and leases: 0.3% versus 0.3% estimated by two analysts on average.Average Balance - Total earning assets: $258.6 billion compared to the $262.14 billion average estimate based on two analysts.Net Interest Margin (FTE): 3.2% versus the two-analyst average estimate of 3.2%.Tier 1 Leverage Ratio: 8.8% versus 8.8% estimated by two analysts on average.Wealth and asset management revenue: $134 million versus the two-analyst average estimate of $127 million.Customer deposit and loan fees: $128 million versus $118.01 million estimated by two analysts on average.Payments and cash management revenue: $204 million versus the two-analyst average estimate of $199.32 million.Net interest income - FTE: $2.07 billion versus the two-analyst average estimate of $2.11 billion.Mortgage banking income: $53 million versus $42.08 million estimated by two analysts on average.Capital markets and advisory fees: $140 million versus $137.46 million estimated by two analysts on average.View all Key Company Metrics for Huntington Bancshares here>>>
Shares of Huntington Bancshares have returned +3.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Huntington Bancshares (HBAN - Free Report) came out with quarterly earnings of $0.39 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this regional bank holding company would post earnings of $0.36 per share when it actually produced earnings of $0.37, delivering a surprise of +2.78%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Huntington Bancshares, which belongs to the Zacks Banks - Midwest industry, posted revenues of $2.86 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.22%. This compares to year-ago revenues of $2.01 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Huntington Bancshares shares have added about 5.3% since the beginning of the year versus the S&P 500's gain of 9.6%.
What's Next for Huntington Bancshares?While Huntington Bancshares has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Huntington Bancshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.42 on $2.94 billion in revenues for the coming quarter and $1.62 on $11.38 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, First Busey (BUSE - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 28.
This bank holding company is expected to post quarterly earnings of $0.65 per share in its upcoming report, which represents a year-over-year change of +3.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
First Busey's revenues are expected to be $197.4 million, down 0.3% from the year-ago quarter.
Q2 Results Highlighted by Growth in Key Strategic Fee Revenues and Net Interest Income and Successful Cadence Systems Conversion
2026 Second-Quarter Highlights:
Earnings per common share (EPS) for the quarter was $0.33, higher by $0.08 from the prior quarter, and $0.01 lower than the year-ago quarter. Excluding the after-tax impact of Notable Items as detailed in Table 2, adjusted EPS1 was $0.39, higher by $0.02 from the prior quarter. The prior year quarter included $0.04 of impact to EPS resulting from a $58 million decrease in pre-tax earnings from a securities repositioning and Notable Items that decreased pre-tax earnings by $3 million. Excluding the impact from these items, adjusted EPS1 was higher by $0.01 from the year ago quarter. Successfully completed the systems conversion of Cadence Bank ("Cadence") in mid-June. Net interest income increased $161 million, or 9%, from the prior quarter, and $585 million, or 40%, from the year-ago quarter. Noninterest income increased $103 million, or 15%, from the prior quarter, to $785 million. From the year-ago quarter, noninterest income increased $314 million, or 67%. Average total loans and leases increased $15.0 billion, or 9%, from the prior quarter to $189.3 billion and increased $56.1 billion, or 42%, from the year-ago quarter, inclusive of the impact of the Cadence and Veritex Holdings, Inc. ("Veritex") acquisitions. Average commercial loans grew $11.6 billion, or 11%, from the prior quarter and $44.4 billion, or 59%, from the year-ago quarter. Average consumer loans grew $3.4 billion, or 5%, from the prior quarter and $11.7 billion, or 20%, from the year-ago quarter. Average total deposits increased $18.8 billion, or 9%, from the prior quarter and $60.0 billion, or 37%, from the year-ago quarter, inclusive of the impact of the Cadence and Veritex acquisitions. Net charge-offs of 0.25% of average total loans and leases for the quarter, 1 basis point lower than the prior quarter and 5 basis points higher than the year ago quarter. Nonperforming asset ratio of 0.85% at quarter end, 13 basis points higher than the prior quarter. Allowance for credit losses (ACL) of $3.4 billion, or 1.78% of total loans and leases, at quarter end, an increase of $13 million from the prior quarter. Common Equity Tier 1 (CET1) risk-based capital ratio was 10.0%, at June 30, 2026, compared to 10.2% at the prior quarter end. Adjusted Common Equity Tier 11, including the impact of AOCI, excluding cash flow hedges, was 9.0%, compared to 9.2% at the prior quarter end. Tangible common equity (TCE)1 ratio of 7.1%, up slightly from the prior quarter end and up from 6.6% a year ago. Tangible book value per share1 of $9.65, up $0.10, or 1%, from the prior quarter and up $0.52, or 6%, from a year ago. Repurchased $159 million of common shares in the second quarter, and $309 million of common shares year-to-date, representing approximately 19 million shares repurchased year‑to‑date. , /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2026 second quarter of $727 million, or $0.33 per common share, an increase of $204 million, or 39%, from the prior quarter, and an increase of $191 million, or 36%, from the year-ago quarter, inclusive of $152 million of pre-tax Notable Items in the 2026 second quarter due to acquisition-related expenses.
Return on average assets was 1.02%, return on average common equity was 9.3%, and return on average tangible common equity (ROTCE)1 was 15.1% for the quarter, or 17.5% adjusted for Notable Items.
CEO Commentary:
"Building on a strong start to the year, Huntington delivered another solid quarter driven by disciplined execution and continued performance across our franchise," said Steve Steinour, chairman, president, and CEO. "Growth in our legacy organization was outstanding, credit remains strong, and we are seeing early revenue synergies in Cadence markets. Our pipelines are robust as we enter the second half of 2026 and the operating environment remains constructive."
"We delivered these results while executing a very successful Cadence systems conversion in June, marking the last major milestone in the integration. We have been very pleased with positive customer and colleague engagement. With the Veritex, Janney & TM Capital, and Cadence integrations behind us, we are well positioned to deliver the full economic benefits of our combined company. We have strong line of sight to the remaining cost synergies and we are actively driving revenue synergies. By the fourth quarter, the full earnings power of these partnerships will be clearly evident.
"Our balance sheet remains a source of strength, as demonstrated by our recent CCAR stress test results, and we are confident in our outlook. Supported by strong underlying business momentum and a differentiated super-regional model, we are positioned to achieve our financial targets, including sustained growth of earnings and tangible book value, and attractive returns for our shareholders.
1
Represents a non-GAAP financial measure. For additional details, see the "Use of Non-GAAP Financial Measures" section of this release and reconciliations to the comparable GAAP financial measure included in this release or Huntington's Quarterly Financial Supplement.
Conference Call / Webcast Information
Huntington's senior management will host an earnings conference call on July 23, 2026, at 9:00 a.m. (Eastern Time). The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington's website, www.huntington.com, or through a dial-in telephone number at (877) 407-8029; Conference ID #13761371. Slides will be available in the Investor Relations section of Huntington's website about an hour prior to the call. A replay of the webcast will be archived in the Investor Relations section of Huntington's website. A telephone replay will be available approximately two hours after the completion of the call through July 31, 2026 at (877) 660-6853 or (201) 612-7415; conference ID #13761371.
Please see the 2026 Second Quarter Quarterly Financial Supplement for additional detailed financial performance metrics. This document can be found on the Investor Relations section of Huntington's website, http://www.huntington.com.
About Huntington
Huntington Bancshares Incorporated is a $284 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates over 1,400 branches in 21 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.
Caution Regarding Forward-Looking Statements
This communication may contain certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements which are not historical facts and are subject to numerous assumptions, risks, estimates, and uncertainties that are beyond the control of Huntington. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as expect, anticipate, continue, believe, intend, estimate, plan, trend, objective, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.
While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements or historical performance: changes in general economic, political, regulatory, or industry conditions; deterioration in business and economic conditions, including persistent inflation, supply chain issues or labor shortages; instability in global economic conditions and geopolitical conditions, including U.S. direct involvement in war and other conflicts, as well as volatility in financial markets; changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs; the impact of pandemics and other catastrophic events or disasters on the global economy and financial market conditions and our business, results of operations, and financial condition; the impacts related to or resulting from bank failures and other volatility, including potential increased regulatory requirements and costs, such as Federal Deposit Insurance Corporation ("FDIC") special assessments, long-term debt requirements and heightened capital requirements; potential impacts to macroeconomic conditions, which could affect the ability of depository institutions, including us, to attract and retain depositors and to borrow or raise capital; unexpected outflows of deposits which may require us to sell investment securities at a loss; changing interest rates which could negatively impact the value of our portfolio of investment securities; the loss of value of our investment portfolio which could negatively impact market perceptions of us and could lead to deposit withdrawals; market perceptions of us and banks generally, including from the effects of social media; cybersecurity risks; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Board of Governors of the Federal Reserve System ("Federal Reserve"); volatility and disruptions in global capital, foreign exchange, and credit markets; movements in interest rates; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services including those implementing our "Fair Play" banking philosophy; introduction of new competitive products, such as stablecoins, and new competitors, such as financial technology companies and other "nontraditional" bank competitors; changes in policies and standards for regulatory review of bank mergers; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations, including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Basel III regulatory capital reforms, as well as those involving the Securities and Exchange Commission ("SEC"), the Office of the Comptroller of the Currency, the Federal Reserve, the FDIC, the Consumer Financial Protection Bureau, and state-level regulators; the possibility that the anticipated benefits of recent or proposed acquisitions are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the companies or as a result of the strength of the economy and competitive factors in the areas where the companies do business; and other factors that may affect the future results of Huntington.
All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and are based on information available at that time. Huntington does not assume any obligation to update forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in circumstances or other factors affecting forward-looking statements that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. If Huntington updates one or more forward-looking statements, no inference should be drawn that Huntington will make additional updates with respect to those or other forward-looking statements. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements. See also the other reports filed with the SEC, including discussions under the "Forward-Looking Statements" and "Risk Factors" of Huntington's Annual Report on Form 10-K for the year ended December 31, 2025 and in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended March 31, 2026, as filed with the SEC and available on its website at www.sec.gov.
Basis of Presentation
Use of Non-GAAP Financial Measures
This document contains GAAP financial measures and non-GAAP financial measures where management believes it to be helpful in understanding Huntington's results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this document, the financial supplement, conference call slides, or the Form 8-K related to this document, all of which can be found in the Investor Relations section of Huntington's website, http://www.huntington.com.
Annualized Data
Certain returns, yields, performance ratios, or quarterly growth rates are presented on an "annualized" basis. This is done for analytical and decision-making purposes to better discern underlying performance trends when compared to full-year or year-over-year amounts. For example, loan and deposit growth rates, as well as net charge-off percentages, are most often expressed in terms of an annual rate like 8%. As such, a 2% growth rate for a quarter would represent an annualized 8% growth rate.
Fully-Taxable Equivalent Interest Income and Net Interest Margin
Income from tax-exempt earning assets is increased by an amount equivalent to the taxes that would have been paid if this income had been taxable at statutory rates. This adjustment puts all earning assets, most notably tax-exempt municipal securities, and certain lease assets, on a common basis that facilitates comparison of results to results of competitors.
Rounding
Please note that items in this document may not add due to rounding.
Notable Items
From time to time, revenue, expenses, or taxes are impacted by items judged by management to be outside of ordinary banking activities and/or by items that, while they may be associated with ordinary banking activities, are so unusually large that their outsized impact is believed by management at that time to be infrequent or short term in nature. We refer to such items as "Notable Items." Management believes it is useful to consider certain financial metrics with and without Notable Items, in order to enable a better understanding of company results, increase comparability of period-to-period results, and to evaluate and forecast those results.
Key Takeaways Huntington's Q2 earnings are estimated to be 39 cents per share, suggesting a rise of 2.6% year over year.Revenues are projected to be $2.8 billion, reflecting 41.7% growth from the prior-year quarter.Higher NII and fee income are likely to support results, while elevated expenses remain a headwind. Huntington Bancshares Incorporated (HBAN - Free Report) is slated to report second-quarter 2026 results on July 23, before the opening bell. The company’s quarterly revenues and earnings are expected to have increased year over year.
In the last reported quarter, the bank’s results reflected improvements in net interest income (NII) and non-interest income. Higher loan and deposit balances also acted as tailwinds. However, an increase in non-interest expenses and higher provisions offset these positives.
HBAN has a decent earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters, matched once and missed once, with an average earnings surprise of 0.73%.
Now, let us discuss the factors that are likely to have influenced Huntington’s second-quarter performance.
Key Factors & Estimates for HBAN’s Q2 PerformanceLoans & NII: In the second quarter of 2026, the Federal Reserve left interest rates unchanged at 3.50-3.75%, noting that economic activity continued to expand at a solid pace despite elevated uncertainty, while inflation remained above its 2% target. Against this backdrop, HBAN's NII is expected to have improved in the to-be-reported quarter.
The Zacks Consensus Estimate for NII is pegged at $2.1 billion, suggesting a 10.7% increase from the year-ago quarter's reported level.
Per the Fed’s latest data, demand for commercial and industrial and consumer loans remained decent in the second quarter of 2026, while real estate loan demand was relatively modest. Hence, a stable interest rate environment and healthy loan demand are expected to have supported Huntington's growth in average interest-earning assets in the to-be-reported quarter.
The Zacks Consensus Estimate for average total earning assets is pegged at $262.1 billion, indicating a 37.1% increase from the prior-year quarter's reported level.
Non-Interest Income: Mortgage activity remained challenging in the second quarter of 2026, with mortgage rates hovering around the mid-6.5% range and affordability remaining strained. While purchase activity continued to face pressure from inventory constraints, refinancing activity improved modestly. As such, HBAN's mortgage banking income is likely to have improved in the to-be-reported quarter.
The Zacks Consensus Estimate for mortgage banking income is pegged at $42.1 million, suggesting a 50.2% increase from the prior-year quarter's reported figure.
Global mergers and acquisitions (M&As) activity moderated in the second quarter of 2026 after a strong start to the year, as ongoing geopolitical uncertainty, elevated inflation, a persistent backlog of private equity exits and higher interest rates weighed on deal-making. While deal values declined as only a few large transactions dominated the market, M&A volumes improved year over year.
Despite the challenging backdrop, higher M&A deal volumes are expected to have driven strong growth in HBAN's capital markets and advisory fees in the to-be-reported quarter.
The Zacks Consensus Estimate for capital markets and advisory fees is pegged at $137.5 million, indicating a 63.6% rise on a year-over-year basis.
The Zacks Consensus Estimate for wealth and asset management revenues is pegged at $127 million, suggesting a 5.8% rally from the year-ago reported figure.
The consensus estimate for customer deposit and loan fees for the second quarter is pegged at $118 million, indicating 24.2% year-over-year growth.
The consensus estimate for total non-interest income is pegged at $727.8 million, indicating a 54.5% increase from the year-ago reported figure.
Expenses: Huntington's higher personnel costs, along with increased outside data processing, technology, marketing and other service-related expenses, are anticipated to have raised its costs in the second quarter of 2026. Further, the bank's ongoing investments to expand its commercial banking capabilities in high-growth markets and complete systems conversion work are likely to have kept expenses elevated.
While efficiency initiatives are expected to have provided some offset, long-term investments in growth initiatives and acquisition-related expenses associated with the Cadence transaction are likely to have kept the company's expense base higher.
Asset Quality: The operating environment remained challenging in the second quarter of 2026, weighed down by persistent geopolitical uncertainty and elevated inflation. Additionally, the Fed's June policy statement indicated the possibility of a rate hike, which could pressure borrowers' repayment capacity.
Against this backdrop, HBAN is expected to have maintained a cautious approach and built higher provisions for potential credit losses in the to-be-reported quarter.
What Does Our Model Unveil for HBAN?Our proven model does not predict an earnings beat for Huntington this time. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you can see below.
You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Earnings ESP: Huntington Bancshares has an Earnings ESP of 0.00%.
Zacks Rank: HBAN currently carries a Zacks Rank of 3.
The Zacks Consensus Estimate for Huntington Bancshares’ second-quarter earnings of 39 cents per share has been unchanged over the past seven days. The figure suggests a 2.6% rise from the year-ago reported number.
The consensus estimate for revenues is pegged at $2.8 billion, indicating a year-over-year increase of 41.7%.
Stocks to ConsiderHere are a couple of other bank stocks that you may want to consider, as our model shows that these also have the right combination of elements to post an earnings beat this time around.
The Earnings ESP for First Hawaiian (FHB - Free Report) is +0.84%, and it carries a Zacks Rank #1 at present. The company is slated to report second-quarter 2026 results on July 24. You can see the complete list of today’s Zacks #1 Rank stocks here.
Over the past seven days, the Zacks Consensus Estimate for FHB’s quarterly earnings has been revised upward to 60 cents per share.
Prosperity Bancshares (PB - Free Report) is scheduled to report second-quarter 2026 results on July 29, 2026. The company has an Earnings ESP of +1.76% and a Zacks Rank #3 at present.
Quarterly earnings estimates for PB have been unchanged at $1.54 per share over the past week.
The upcoming report from Huntington Bancshares (HBAN - Free Report) is expected to reveal quarterly earnings of $0.39 per share, indicating an increase of 2.6% compared to the year-ago period. Analysts forecast revenues of $2.85 billion, representing an increase of 41.7% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Huntington Bancshares metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Efficiency Ratio' will reach 57.9%. Compared to the current estimate, the company reported 59.0% in the same quarter of the previous year.
The average prediction of analysts places 'Regulatory Tier 1 risk-based capital ratio' at 11.6%. Compared to the current estimate, the company reported 11.8% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Average Balance - Total earning assets' should arrive at $262.14 billion. The estimate compares to the year-ago value of $191.09 billion.
The collective assessment of analysts points to an estimated 'Net Interest Margin (FTE)' of 3.2%. The estimate is in contrast to the year-ago figure of 3.1%.
Analysts forecast 'Tier 1 Leverage Ratio' to reach 8.8%. The estimate is in contrast to the year-ago figure of 8.5%.
The consensus among analysts is that 'Wealth and asset management revenue' will reach $127.00 million. Compared to the present estimate, the company reported $102.00 million in the same quarter last year.
The consensus estimate for 'Customer deposit and loan fees' stands at $118.01 million. Compared to the present estimate, the company reported $95.00 million in the same quarter last year.
Analysts' assessment points toward 'Payments and cash management revenue' reaching $199.32 million. The estimate is in contrast to the year-ago figure of $165.00 million.
According to the collective judgment of analysts, 'Net interest income - FTE' should come in at $2.11 billion. The estimate is in contrast to the year-ago figure of $1.48 billion.
The combined assessment of analysts suggests that 'Mortgage banking income' will likely reach $42.08 million. Compared to the current estimate, the company reported $28.00 million in the same quarter of the previous year.
It is projected by analysts that the 'Capital markets and advisory fees' will reach $137.46 million. Compared to the present estimate, the company reported $84.00 million in the same quarter last year.
Analysts expect 'Total Non-Interest Income' to come in at $727.84 million. The estimate is in contrast to the year-ago figure of $471.00 million.
View all Key Company Metrics for Huntington Bancshares here>>>
Shares of Huntington Bancshares have demonstrated returns of +8.2% over the past month compared to the Zacks S&P 500 composite's +0.6% change. With a Zacks Rank #3 (Hold), HBAN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Key Takeaways PNC expects NII growth, supported by loans, deposits, market investments and efficiencies.Huntington's Cadence merger expands its reach, while acquisition synergies target higher returns.PNC's branch expansion, acquisitions and capital returns support its long-term growth outlook. When investors seek scale and stability among bank stocks, The PNC Financial Services Group, Inc. (PNC - Free Report) and Huntington Bancshares Incorporated (HBAN - Free Report) often emerge as prominent contenders. Both banks have built strong franchises through diversified lending operations, expanding deposit bases, and a broad focus on consumers, businesses and wealth management clients. However, both banks differ meaningfully in scale, profitability, growth strategy and shareholder returns.
PNC is expected to announce earnings on July 15 and Huntington is anticipated to report quarterly results on July 23. Ahead of these releases, investors may be wondering which of the two stocks offers the more compelling growth opportunity. Let us delve deeper and anlyze each bank growth prospects.
The Case for PNCPNC Financial expects net interest income (NII) momentum to continue, supported by loan growth, asset repricing, deposit expansion, market investments, operational efficiencies and stabilizing funding costs. Over the six years ended 2025, the company’s NII saw a compound annual growth rate of 6.3%. Management expects NII to increase 14% year over year in 2026.
The company is also undertaking a major expansion of its U.S. branch network. PNC plans to open more than 300 branches across nearly 20 markets, renovate its entire branch network by 2029 and hire more than 2,000 employees by 2030 to support growth and customer service. By expanding into high-growth markets, PNC aims to strengthen its position as a leading financial institution serving consumers and businesses of varying sizes.
PNC has also been diversifying its operations through acquisitions, partnerships and strategic alliances. In January 2026, the company completed its acquisition of FirstBank Holding Company, significantly expanding its presence in Colorado and Arizona. In May 2025, it agreed to acquire Aqueduct Capital Group, enhancing fund-placement capabilities at Harris Williams, its global investment banking subsidiary.
PNC remains committed to returning capital to shareholders. Following the 2026 stress test, the company announced an 18% increase in its quarterly cash dividend to $2 per share. It also has an active share-repurchase authorization. Of the 100 million shares approved for repurchase in July 2022, nearly 32 million remained available as of March 31, 2026.
However, PNC’s growth initiatives involve substantial costs. Management expects $325 million in merger and integration expenses in 2026, including $150 million in the second quarter of 2026. Technology investments, branch expansion and rising personnel expenses are also likely to keep operating costs elevated and pressure near-term profitability.
The Case for HBANHuntington has expanded its geographic reach and capabilities across several business lines through acquisitions. In February 2026, the company completed its merger with Cadence Bank, strengthening its presence in Texas and the southern United States while expanding its branch network to nearly 1,400 locations across 21 states. In October 2025, Huntington acquired Veritex Holdings, accelerating its organic growth strategy in Texas by increasing its presence in the Dallas-Fort Worth and Houston markets. HBAN expects acquisition synergies, fee-income growth and capital returns to help it generate a return on tangible common equity of 18-19% by 2027.
The bank’s organic growth prospects also appear favorable. Huntington expects stand-alone NII to increase 10-13%, while Cadence is projected to contribute an additional $1.77-$1.82 billion in 2026. Growth is expected to be supported by rising loan balances, and stabilizing deposit and funding costs.
Huntington is also expanding in faster-growing markets, including the Carolinas, Texas and Florida. The company has been hiring commercial bankers and opening branches to attract deposits and deepen relationships with middle-market customers.
On the capital-return front, Huntington increased its quarterly dividend by 3.3% in October 2021 and has maintained the payout since then. Management has indicated plans to repurchase at least $550 million of shares in 2026 and approved a $3-billion share-repurchase authorization to replace the prior program. However, the company continues to prioritize funding loan growth and investing in strategic initiatives. As a result, the pace of share repurchases could be constrained if loan growth, acquisition-related adjustments or regulatory capital requirements increase.
Huntington’s rapid expansion also presents meaningful execution risks. Management expects $1.1 billion in incremental Cadence-related expenses in 2026, excluding nearly $500 million of remaining one-time costs. Successful integration and cost realization will therefore be crucial to Huntington’s earnings outlook.
PNC & HBAN’s Earnings Growth ProspectsThe Zacks Consensus Estimate projects Huntington’s earnings to rise 8.7% in 2026 and 17.8% in 2027.
Earnings Estimates
Image Source: Zacks Investment Research
For PNC, the consensus estimate indicates earnings to increase 13.5% in 2026 and 11.5% in 2027.
Earnings Estimates
Image Source: Zacks Investment Research
PNC & HBAN: Price Performance, Valuation & Other ComparisonsOver the past six months, PNC shares have jumped 16.3%, whereas Huntington shares have declined 0.8%. In comparison, the S&P 500 Index has advanced 7.9%.
Price Performance
Image Source: Zacks Investment Research
Based on price performance, investor sentiment toward PNC has clearly been stronger.
Huntington, however, appears more attractive from a valuation standpoint. HBAN currently trades at a 12-month forward price-to-earnings ratio of 10.06X, below PNC’s multiple of 12.57X.
Price-to-Earnings F12M
Image Source: Zacks Investment Research
PNC also has an edge in profitability. Huntington’s return on equity of 11.42% trails PNC’s 12.1%, suggesting that PNC is using shareholder capital more efficiently to generate profits.
Return on Equity
Image Source: Zacks Investment Research
HBAN or PNC: Which Has Better PotentialWhile Huntington offers stronger near-term revenue growth and a more attractive valuation, much of its expansion is acquisition-driven and accompanied by elevated integration costs, rising expenses and execution risks.
PNC, conversely, presents a more balanced investment case, supported by solid NII growth, superior profitability, stronger recent share-price performance and a more consistent capital-return strategy. Its expanding branch network, strategic acquisitions and improving operating momentum further strengthen its long-term growth outlook.
Therefore, despite trading at a premium valuation, PNC provides a more balanced investment profile by combining income generation with long-term growth potential.
Currently, HBAN and PNC carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Financial Select Sector SPDR ETF remains a Buy with 10-15% upside, driven by improving fundamentals and favorable technical momentum. XLF benefits from higher long-term rates, stabilizing credit trends, and capital markets strength, with financials trading at attractive 10-13x earnings multiples. Morgan Stanley is best positioned among mega banks for an earnings beat, leveraging market-driven fee income and robust MS equity underwriting.
, /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will release second quarter 2026 financial results prior to the market opening on Thursday, July 23, 2026. A news release and supporting financial data will be available at that time on the Investor Relations section of the Company's website (www.huntington-ir.com).
The Company will host a conference call to review quarterly financial results at 9 a.m. ET.
Webcast Information
The second quarter 2026 earnings conference call, along with slides, may be accessed via a live Internet webcast in the Investor Relations section of Huntington's website or through a dial-in telephone number at (877) 407-8029 or (201) 689-8029; conference ID # 13761371.
A replay of the webcast will be archived in the Investor Relations section of Huntington's website. A telephone replay will be available approximately three hours after the completion of the call through Friday, July 31, 2026, at (877) 660-6853 or (201) 612-7415; conference ID # 13761371.
About Huntington
Huntington Bancshares Incorporated is a $285 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates over 1,400 branches in 21 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.
Huntington Bancshares remains a compelling regional banking play with a $20/share price target and a continued 'Buy' rating. HBAN distinguishes itself through conservative risk management, diversified revenue streams, and a leading position in small business lending. Recent M&A integrations are on track, supporting AEPS growth targets and reinforcing the upside case even as shares approach fair value.
, /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, is pleased to announce the appointment of Yogesh Punjabi as Head of its Consumer Industry Investment Banking Group (Consumer Group).
Punjabi brings over 15 years of investment banking experience and has built a reputation as a trusted leader with a strong track record of success. Since joining Capstone in 2019, he has played a central role in supporting growth across its Consumer Group, advancing business development initiatives, and driving momentum in key sectors. As a member of the firm's investment banking committee, he contributes to the strategic direction and alignment of new opportunities across the platform. In his new role, Punjabi will build on this momentum, leading the continued expansion of the Consumer Group and advancing Capstone's broader strategic priorities.
Punjabi has extensive experience advising clients across the Consumer industry, with a particular focus in the Automotive Aftermarket sector, where he has led the execution of complex transactions for clients ranging from nationally recognized market leaders to sophisticated financial sponsors. His work is consistently recognized by leading industry organizations, including the M&A Advisor and Global M&A Network, for delivering exceptional client outcomes. Over the past 12 months, he successfully closed several notable transactions in the sector—including Max Auto Supply's acquisition by Midas International, Bertram Capital's acquisition of Left Lane Auto, and Freedman Seating Company's acquisition by Lippert Components, Inc—demonstrating his ability to navigate competitive processes in dynamic market conditions. In parallel, his work developing Capstone's proprietary Automotive Aftermarket insights reinforces the firm's position as a trusted source of market intelligence and thought leadership in the industry.
"Yogi has played a key role in building momentum for our Consumer Group and consistently creates strong outcomes for our clients," said John Ferrara, Founder and President of Capstone Partners. "His leadership, market knowledge, and strategic perspective position him well to lead the Group's ongoing growth."
Amid a period of accelerated expansion following the acquisition of TM Capital, this appointment reflects Capstone's continued investment in leadership to align with the evolving needs of clients and emerging market opportunities. Under Punjabi's leadership, the Consumer Group is well-positioned to build on this momentum and deliver differentiated insight and outcomes in an increasingly dynamic environment.
ABOUT CAPSTONE PARTNERS
For over 20 years, the firm has been a trusted advisor to leading middle market companies, offering a fully integrated range of investment banking and financial advisory services uniquely tailored to help owners, investors, and creditors through each stage of the company's lifecycle. Capstone's services include M&A advisory, debt and equity placement, corporate restructuring, special situations, valuation and fairness opinions, and financial advisory services. Headquartered in Boston, the firm has 175+ professionals across the U.S. With 12 dedicated industry groups, Capstone delivers sector-specific expertise through large, cross-functional teams. Capstone is a subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN). For more information, visit www.capstonepartners.com.
SAN FRANCISCO--(BUSINESS WIRE)--The Huntington National Bank (Huntington) and True Link have been named the winner of the Best Bank-Fintech Partnership at the 2026 Banking Tech Awards USA, honoring their work to build the first fully integrated family banking platform offered at scale.
This partnership allows us to serve the entire household as one connected relationship, bringing together the tools and protections people need in one place.
Share More than 100 million Americans help manage the finances of a loved one, yet no bank has served those relationships as a single, connected experience. Huntington and True Link built one together: a platform spanning teens, older adults and the head-of-household customers who support them, delivered through Huntington deposit products and debit cards, inside the existing Huntington mobile app, under a single login.
Since launching in early 2025, the offering has protected families, brought new households to the bank and grown deposits. Family banking is proving to be a key driver of customer choice. One-third of account holders are new to Huntington and switched specifically for this offering, bringing their relationships and deposits with them. When a bank can support the teen, the parent and the aging relative as one connected relationship, it becomes the natural choice for the entire household.
“At Huntington, we’re focused on helping people get more from their money by being a trusted resource during the moments that matter most—especially when it comes to caring for their families,” said Brant Standridge, president of consumer and regional banking at Huntington. “This partnership allows us to serve the entire household as one connected relationship, bringing together the tools and protections people need in one place. It’s a meaningful step forward in how we deliver for our customers and continue to grow with them over time.”
The partnership pairs Huntington's significant market reach and millions of deep customer relationships with True Link's 13 years building innovative products for families – serving kids and teens, older adults, people in recovery and adults with disabilities – and the technical depth to integrate that experience natively into a top 10 commercial bank’s own app and infrastructure.
"Huntington had the vision to make family banking a core part of who they are," said Kai Stinchcombe, CEO and co-founder of True Link. "The outcomes speak for themselves. What's equally worth recognizing is the quality of the partnership – the trust, the shared learning, the willingness to build something neither of us could have built alone. Huntington earns this award every day, and we're fortunate to be in it with them."
About Huntington Bank
Huntington Bancshares Incorporated is a $285 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates over 1,400 branches in 21 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.
About True Link Financial
True Link powers leading family banking experiences. With over a decade of proven impact and an 80+ NPS, the company’s platform is purpose-built to support older adults, teens, people with disabilities, individuals in recovery, and others who rely on trusted support to manage their finances. True Link helps banks, credit unions, nonprofits, government programs, and other partners offer customizable spending settings, caregiver-managed account features, and fraud prevention tools that help protect loved ones while preserving their dignity and independence. Its subsidiary True Link Financial Advisors, LLC manages nearly $2 billion in assets.1
Learn more at www.truelinkfinancial.com.
1 - Investment management services are provided through True Link Financial Advisors, LLC, registered with the SEC. Registration with the SEC does not imply skill or training nor does it constitute an endorsement by the SEC. Assets under management with True Link Financial Advisors, LLC as of 02/01/2026.
Huntington Bancshares (HBAN - Free Report) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.78%. A quarter ago, it was expected that this regional bank holding company would post earnings of $0.39 per share when it actually produced earnings of $0.37, delivering a surprise of -5.13%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Huntington Bancshares, which belongs to the Zacks Banks - Midwest industry, posted revenues of $2.59 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.04%. This compares to year-ago revenues of $1.94 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Huntington Bancshares shares have lost about 3.1% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Huntington Bancshares?While Huntington Bancshares has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Huntington Bancshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.39 on $2.84 billion in revenues for the coming quarter and $1.61 on $11.37 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, German American Bancorp (GABC - Free Report) , is yet to report results for the quarter ended March 2026.
This financial services holding company is expected to post quarterly earnings of $0.90 per share in its upcoming report, which represents a year-over-year change of +13.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
German American Bancorp's revenues are expected to be $94.6 million, up 16.2% from the year-ago quarter.
For the quarter ended March 2026, Huntington Bancshares (HBAN - Free Report) reported revenue of $2.59 billion, up 34% over the same period last year. EPS came in at $0.37, compared to $0.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.59 billion, representing a surprise of -0.04%. The company delivered an EPS surprise of +2.78%, with the consensus EPS estimate being $0.36.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Huntington Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin (FTE): 3.2% versus 3.3% estimated by five analysts on average.Average Balance - Total earning assets: $238.97 billion compared to the $239.55 billion average estimate based on five analysts.Efficiency Ratio: 67.2% versus the five-analyst average estimate of 63%.Net charge-offs / Average total loans and leases: 0.3% versus 0.3% estimated by five analysts on average.Regulatory Tier 1 risk-based capital ratio: 11.6% versus the two-analyst average estimate of 11.5%.Total nonperforming assets: $1.36 billion versus the two-analyst average estimate of $1.07 billion.Tier 1 Leverage Ratio: 9.5% versus 9.3% estimated by two analysts on average.Net interest income - FTE: $1.91 billion compared to the $1.93 billion average estimate based on five analysts.Total Non-Interest Income: $682 million versus $651.88 million estimated by five analysts on average.Mortgage banking income: $32 million versus $40.17 million estimated by four analysts on average.Customer deposit and loan fees: $110 million compared to the $114.97 million average estimate based on four analysts.Payments and cash management revenue: $187 million versus the four-analyst average estimate of $173.88 million.View all Key Company Metrics for Huntington Bancshares here>>>
Shares of Huntington Bancshares have returned +8.2% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways HBAN reported Q1 EPS of 37 cents, beating estimates, with shares rising 1% in early trading.HBAN saw 34% revenue growth, driven by higher NII, margin expansion and broad fee income gains.HBAN faces rising expenses, higher provisions, and deteriorating credit quality despite loan growth. Huntington Bancshares Incorporated (HBAN - Free Report) reported first-quarter 2026 adjusted earnings per share (EPS) of 37 cents, which surpassed the Zacks Consensus Estimate of 36 cents. In the prior-year quarter, the company reported EPS of 34 cents.
Shares of HBAN gained nearly 1.2% in the early trading session on better-than-expected results. A full day’s trading session will provide a clearer picture.
Results reflected improvements in net interest income (NII) and non-interest income. Also, an increase in loan and deposit balances was a tailwind. However, an increase in non-interest expenses and higher provisions acted as a spoilsport.
The result excluded 12 cents per share of the after-tax impact of notable Items. After considering this, the net income attributable to common shareholders (GAAP basis) was $523 million in the quarter, which decreased from $527 million reported in the prior-year quarter.
HBAN’s Revenues & Expenses IncreaseTotal quarterly revenues (on a fully taxable-equivalent or FTE basis) increased 34% year over year to $2.59 billion in the first quarter. The top line missed the Zacks Consensus Estimate of $2.60 billion.
NII (FTE basis) was $1.91 billion, up 33% from the prior-year quarter’s tally. The increase was primarily driven by higher average earning assets and an expansion in net interest margin (NIM). NIM rose 14 basis points year over year to 3.24%.
Non-interest income climbed 38% year over year to $682 million. The upside was driven by a rise in almost all the components of non-interest income except leasing revenue.
Non-interest expenses surged 54% year over year to $1.77 billion. The rise was mainly due to an increase in almost all cost components, except deposit and other insurance expenses and lease financing equipment depreciation.
The efficiency ratio was 67.2%, up from 58.9% in the year-ago quarter. An increase in the efficiency ratio indicates lower profitability.
HBAN’s Loans and Deposits IncreaseAs of March 31, 2026, average loans and leases at Huntington rose 19% sequentially to $174.2 billion. Average total deposits increased 18% sequentially to $204.6 billion.
HBAN’s Credit Quality DeterioratesNet charge-offs were $111 million, up from $86 million reported in the prior-year quarter. The quarter-end allowance for credit losses increased to $3.37 billion from $2.48 billion in the prior-year quarter. Total non-performing assets were $1.36 billion as of March 31, 2026, up from $804 million in the prior-year quarter.
Net charge-offs/average total loans and leases were 0.26%, unchanged year over year.
In the first quarter, the company recorded a provision for credit losses of $158 million, which increased 37% from the year-ago quarter.
HBAN’s Capital Ratios: Mixed BagThe common equity tier 1 (CET1) risk-based capital ratio was 10.2% in the first quarter, down from 10.6% in the year-ago period.
The regulatory Tier 1 risk-based capital ratio was 11.6%, down from 11.9% in the comparable period in 2025.
The tangible common equity to tangible assets ratio was 7.0%, up from 6.3% in the year-ago quarter.
HBAN’s Share Repurchase UpdateDuring the first quarter, Huntington repurchased $150 million of common shares. Additionally, the company’s board approved a new $3 billion share repurchase authorization, replacing the prior program.
HBAN’s Recent DevelopmentsIn February 2026, Huntington completed its previously announced $7.4 billion all-stock acquisition of Cadence Bank, expanding its presence across 21 states and strengthening its scale in Texas and other high-growth markets in the southern United States. The deal also positions HBAN as the eighth-largest bank in Texas and the leading bank in Mississippi by deposit market share.
Following the completion, Cadence’s 390 branches expanded Huntington’s network to nearly 1,400 locations across 21 states, spanning the Midwest, Texas and the South. Further, Cadence accounts are expected to be converted to HBAN’s systems in June 2026. Previously, in October 2025, the company completed its $1.9 billion all-stock merger with Veritex Holdings Inc., strengthening its presence in key Texas markets, with the integration finalized on Jan. 19, 2026.
Our View on HBANHuntington’s inorganic expansion efforts are expected to support revenue growth in the near term. Also, its efforts to strengthen commercial banking capabilities and expand its presence in key growth markets, including North Carolina, South Carolina and Texas, will likely aid financial performance over the long run. However, rising expenses and elevated provisions remain concerns.
Huntington Bancshares Incorporated Price, Consensus and EPS SurpriseCurrently, Huntington carries a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other BanksFirst Horizon Corporation (FHN - Free Report) posted first-quarter 2026 earnings per share of 53 cents, surpassing the Zacks Consensus Estimate of 49 cents. This compares favorably with 42 cents in the year-ago quarter.
FHN’s results benefited from higher net interest income and a rise in non-interest income, along with improved credit quality. However, the rise in expenses remains a headwind.
M&T Bank Corporation (MTB - Free Report) reported first-quarter 2026 net operating earnings per share of $4.18, which beat the Zacks Consensus Estimate of $4.02. The bottom line compared favorably with earnings of $3.38 per share in the year-ago quarter.
The results of MTB were aided by higher net interest income and a rise in non-interest income on a year-over-year basis, along with modest loan growth. However, a decline in deposits, higher provisions for credit losses, and elevated expenses acted as headwinds.
, /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors ("Board") declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.155 per common share, unchanged from the prior quarter. The common stock cash dividend is payable July 1, 2026, to shareholders of record on June 17, 2026.
The Board also declared quarterly cash dividends on the following six series of its preferred stock payable July 15, 2026, to their respective shareholders of record on July 1, 2026:
A quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $16.58677465 per share (equivalent to $0.4146694 per depositary receipt share). A quarterly cash dividend on its 5.625% Series F Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of $1,406.25 per share (equivalent to $14.0625 per depositary share). A quarterly cash dividend on its 4.450% Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AV6) of $1,112.50 per share (equivalent to $11.1250 per depositary share). A quarterly cash dividend on its 4.5% Series H Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANP) of $11.25 per share (equivalent to $0.28125 per depositary share). A quarterly cash dividend on its 6.875% Series J Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANL) of $17.19 per share (equivalent to $0.42975 per depositary share). A quarterly cash dividend on its 6.25% Series K Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150BG8) of $1,562.50 per share (equivalent to $15.625 per depositary share). Lastly, the Board declared a quarterly cash dividend on the company's 5.50% Series L Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANZ) of $343.75 per share (equivalent to $0.34375 per depositary share) payable August 20, 2026, to shareholders of record on August 5, 2026.
About Huntington
Huntington Bancshares Incorporated is a $285 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates over 1,400 branches in 21 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information
Earnings Per Share (EPS): $0.25; Adjusted EPS $0.37, up 9% year over year.Pre-Provision Net Revenue (PPNR): Increased 36% on an adjusted basis.Tangible Book Va
Huntington Bancshares (NASDAQ:HBAN) executives highlighted what CEO Steve Steinour called an “outstanding” first quarter of 2026, pointing to solid organic growth, record capital markets performance, and progress integrating recent partnerships and acquisitions. Management also updated its 2026 outlook, trimming certain net interest assumptions while lifting expectations for fee revenue growth and tightening expense guidance.
Management: Economic conditions steady, but consumer trends mixed Steinour opened the call by describing a “dynamic global environment,” noting geopolitical developments as a source of uncertainty, while characterizing conditions in Huntington’s footprint as “remaining consistent with prior quarters.” He said the bank continues to see “broad-based strength across commercial end markets” and is “not seeing any signs of a material shift in underlying demand.”
On the consumer side, Steinour said trends are “a bit more mixed,” with middle- and upper-income consumers continuing to spend, while lower-income households face pressure from cumulative inflation effects. Despite uncertainty, he said the bank’s outlook for the year is unchanged, adding that second-quarter pipelines are healthy and customer activity remains steady.
Quarterly results: EPS growth, margin expansion, and record capital markets revenue CFO Zach Wasserman reported earnings per common share of $0.25 for the quarter. On an adjusted basis, excluding acquisition-related expenses and other notable items, EPS was $0.37, up 9% year-over-year. Adjusted pre-provision net revenue increased 36%, which Wasserman attributed to strong underlying performance across the franchise and contributions from recent partnerships.
Net interest income increased $301 million, or 18.7% sequentially, and was up 33% year-over-year. Net interest margin was 3.24%, up 9 basis points from the prior quarter. Wasserman said the margin increase was driven by lower funding costs, reduced hedge drag, and purchase accounting, partially offset by lower free-funds benefit and higher Fed cash balances.
Fee income was a major focus for management. Wasserman said fee revenue exceeded the bank’s plan and reflected strong customer activity trends. On an adjusted basis, excluding acquisition and divestiture activity this year and last, fee income grew 18% year-over-year. He cited:
Payments revenue up 21% year-over-year; on an organic basis excluding acquisitions, payments grew about 10%, driven primarily by commercial payments. Wealth management revenue up 19% year-over-year, supported by household acquisition and positive assets under management net inflows. Capital markets delivering its strongest revenue quarter on record, with revenue excluding the impact of acquisitions up nearly 60% year-over-year, supported by loan syndications, advisory, debt capital markets, fixed income sales and trading, and rate hedging. Loan and deposit fees up 28% year-over-year, driven by loan commitment fees; excluding acquisitions, growth was about 18%. On expenses, Wasserman said that on a normalized basis—excluding one-time costs and the impact of absorbing Cadence’s expense base as well as Janney and TM Capital—operating expenses rose $20 million sequentially, reflecting what he described as continued cost discipline. He also discussed an “enterprise-wide AI program” focused on technology, process transformation, customer-facing use cases, colleague productivity and training, and data/platform capabilities, which he said is “already contributing to productivity and efficiency.”
Loans, deposits, and liquidity: Organic growth plus a liquidity build Excluding the addition of Cadence on an end-of-period basis, loan balances increased 1.5%, or $2.2 billion, driven by strength in core markets and commercial verticals. Wasserman cited contributions from corporate specialty banking verticals including financial institutions, tech and telecom, and industrials, as well as asset finance and middle market banking.
On deposits, excluding Cadence, core deposits increased $3.8 billion, or 2.3% quarter-over-quarter, as the bank maintained “disciplined pricing” and focused on relationship-led deposit gathering, according to Wasserman.
Steinour emphasized balance sheet strength and said Huntington decided to “temporarily build additional liquidity,” adding cash to the balance sheet. Management said available contingent liquidity was about 173% of uninsured deposits; 69% of total deposits are insured; and the bank’s unmodified liquidity coverage ratio was 118%.
In response to analyst questions, Wasserman said the additional Fed cash balances were not included in the prior plan and were intended to keep Huntington in a position of strength. Steinour added that “the Middle East issues are what drove us to that decision.”
Integration progress, capital return, and updated outlook Steinour said partner integrations are “on track,” noting the Veritex conversion was completed in the first quarter and that the bank remains on track for the Cadence conversion in June. He said Huntington has onboarded “over 6,000 new colleagues and 1.5 million new customers,” and management pointed to early revenue synergy benefits in capital markets and payments, as well as increased card usage and new consumer account openings.
On capital, Wasserman said Huntington increased its 2026 share repurchase plan to $550 million and reported more than $250 million in repurchases year-to-date, including $150 million in the first quarter and more than $100 million in the second quarter to date, representing about 15 million shares retired. The board also approved a new $3 billion share repurchase authorization replacing the prior program.
Huntington reiterated its longer-term profitability goals and raised its return-on-tangible-common-equity target to 18%–19%, which Steinour said is driven by expected synergies from partnerships, growth in higher-return fee services, and continued capital return. Wasserman said the bank remains on track for its 2027 EPS projection of $1.90 to $1.93 and ROTCE of 18%–19%.
For 2026, management adjusted certain components of guidance. Wasserman said net interest income is now expected to be at the low end of the bank’s guided range, reflecting loan growth expected to be closer to the midpoint of the range rather than the high end, modestly less improvement in deposit costs than previously assumed, and the impact of holding incremental Fed cash that reduces reported NIM. He said the bank now expects 2026 net interest margin to “trend into the high 320s” versus a prior expectation in the “mid 330s,” with 5 basis points attributed to the higher cash balances and about 2–3 basis points attributed to asset optimization and deposit costs.
To offset pressure on net interest assumptions, Huntington raised its expectations for fee revenue growth by 4 percentage points to 31%–33% and tightened its 2026 expense growth range to the lower half of 32.5%–33.5%. Wasserman said these changes would likely result in full-year operating leverage of about 400–450 basis points and reiterated an expectation for a fourth-quarter efficiency ratio in the mid- to low-54% range.
On credit, Wasserman said net charge-offs were 26 basis points and criticized assets were 4.3%, with non-performing assets at 72 basis points. Chief Credit Officer Brendan Lawlor said the bank remains vigilant and continues to be measured in commercial real estate exposure, “particularly on the construction side,” which he said the bank expects to reduce organically over the next two-plus years.
During Q&A, Wasserman said the bank’s preliminary assessment of the revised standardized approach for Basel III endgame suggested a 7.5%–8% reduction in risk-weighted assets, which he said would equate to about 80 basis points of reported CET1 benefit, though he emphasized more steps are needed before finalization and implementation clarity.
Steinour closed by emphasizing organic growth momentum, integration progress, and the bank’s line of sight to its 2027 targets, calling fourth quarter 2026 a point when the run-rate benefits of synergies should be more visible in results.
About Huntington Bancshares (NASDAQ:HBAN) 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.
Further Reading Five stocks we like better than Huntington Bancshares
Huntington Bancshares (NASDAQ:HBAN) shareholders elected directors, approved executive compensation on an advisory basis, and ratified the company’s auditor during the company’s 2026 annual meeting of shareholders held virtually, Chairman, President and CEO Steve Steinour said.
Director elections and shareholder votes Steinour opened the meeting by introducing the directors standing for election and noting the attendance of the company’s executive leadership team. He highlighted three new directors who joined the board “as part of our combination with Cadence”: James D. Rollins III, Virginia A. Hepner, and Alice Rodriguez.
Steinour described Rollins as the former chairman and CEO of Cadence Bank; Hepner as the retired president and CEO of the Woodruff Arts Center and a retired Wachovia Bank executive; and Rodriguez as the co-owner of Kendall Milagro, Inc. and a retired JPMorgan Chase & Co executive.
Shareholders voted on three proposals:
Proposal 1: Election of 15 directors for one-year terms expiring at the 2027 annual meeting Proposal 2: Advisory, non-binding approval of executive compensation (“say on pay”) Proposal 3: Ratification of PricewaterhouseCoopers as the independent registered public accounting firm for 2026 Following the close of polls, Steinour said the inspector of election delivered a preliminary report indicating that all director nominees were elected, the say-on-pay proposal was approved, and the appointment of PricewaterhouseCoopers was ratified. Steinour said final voting results would be included in a Form 8-K to be filed within four business days.
Management comments on 2025 performance After the formal business concluded, Steinour provided an overview of the company’s 2025 performance. He also reminded shareholders that Huntington’s first-quarter earnings release was scheduled for the next morning, Thursday, April 23, with an earnings call set for 9:00 a.m. Eastern Time. Steinour said his comments during the meeting would “focus only on 2025.”
Steinour characterized 2025 as “a transformational year,” saying the company strengthened its platform and set a foundation for “accelerated growth in 2026 and beyond.” He said Huntington’s consumer and regional bank operates across 21 states and combines “national capabilities with locally led execution,” while the commercial bank provides scale through middle market banking, specialty verticals, asset finance, and capital markets, with many commercial businesses operating nationally.
He also pointed to growth initiatives in payments, wealth management, and capital markets, saying the company is “driving strong fee revenue growth through sustained investment.” Steinour said partnerships with Veritex Community Bank and Cadence Bank “meaningfully expanded” Huntington’s footprint and positioned the company for further growth.
Growth, operating leverage, and credit metrics Steinour cited several financial metrics for 2025, including:
11% revenue growth 16% adjusted earnings per share growth 290 basis points of positive operating leverage He said the results were accompanied by “strong credit performance,” which he said generated capital and reinforced Huntington’s ability to compound performance.
Steinour also said that by year-end 2025, Huntington had grown to $225 billion in assets and had become a “top 10 regional bank in the U.S.” He attributed performance to scale, investments in capabilities and geographies, and disciplined expense management, which he said contributed to $3.4 billion in pre-provision net revenue.
On organic growth, Steinour said primary bank relationships expanded in 2025, rising 4% in consumer banking and 7% in business banking, reflecting a focus on acquiring customers, deepening relationships, and expanding wallet share while maintaining diversified portfolios.
For fee-based businesses, Steinour said fee revenues have grown at a “steady, high single digit” compound annual growth rate since 2023, and he described the company’s strategy as focused on payments, wealth management, and capital markets.
Steinour said credit performance remained “very strong.” He reported net charge-offs were stable at 22 basis points for the year and “well below” the company’s through-the-cycle range, while the allowance for credit losses ended the year at 1.83%.
Shareholder question on Detroit community investment During the Q&A, one shareholder asked how Huntington plans to continue or expand support for nonprofit organizations serving Detroit residents, including in Southwest Detroit. Steinour responded that Huntington has “a terrific team in Michigan” and said community involvement is led in part by Gary Torgow, whom he identified as the bank chairman in Michigan.
Steinour said the company expects to continue its support “at a minimum” and “expect[s] to find more ways to be even more meaningful to the nonprofit community,” adding that challenges “are somewhat greater than they’ve been in recent past.”
No additional shareholder questions were submitted. Steinour closed the meeting by thanking shareholders and adjourning the session.
About Huntington Bancshares (NASDAQ:HBAN) 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.
Further Reading Five stocks we like better than Huntington Bancshares
Huntington Bancshares delivered strong Q1 2026 results, driven by recent acquisitions and robust organic growth in loans and deposits. HBAN reported adjusted EPS of $0.37, beating consensus, with revenue up 34% year-over-year to $2.59 billion. Net interest margin expanded to 3.24%, and asset quality remained stable despite integration costs and economic headwinds.
, /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, released its Annual Consumer M&A Report, which shares insights into public market valuations, the macroeconomic climate, merger and acquisition (M&A) activity, and an outlook for 2026 industry activity. With extensive knowledge and transaction experience, Capstone Partners' Consumer Investment Banking Team provides unique commentary on 14 key sectors: Apparel, Footwear & Accessories; Automotive Aftermarket; Beauty; Beverage; Convenience Store & Retail Fuel; E-Commerce; Food; Home Goods; Outdoor Recreation & Enthusiasts; Pet; Restaurants; Sports Technology; Tactical Products; and Vitamins & Supplements.
Capstone believes signs of a rebound in Consumer industry M&A activity have been detected following a year of market uncertainty which dampened activity in 2025. Consumer industry deals fell 18.9% year-over-year (YOY) in 2025, a considerable drop given this contraction follows two years of declines in 2022 (-9.6% YOY) and 2023 (-29.6% YOY) and a year of only moderate growth in 2024 (+8.6% YOY). A large retreat in private equity (PE) dealmaking (-22.9% YOY) linked to market unpredictability and a lack of asset monetization served as one of the largest drivers of this decline. Moreover, a dramatic 33.8% YOY contraction in public strategic acquisitions also strained the Consumer M&A market. This weak appetite—particularly among public buyers—weighed on overall valuations, bringing the median EV/EBITDA multiple down to 9.2x in 2025, the lowest median multiple recorded since Capstone began tracking the data 10 years ago. Despite dampened consumer M&A in 2025, we have seen the initial signs of a rebounding market, due in large part to buyers getting comfortable with macroeconomic uncertainty. We see four major contributors to a positive outlook for consumer M&A in 2026.
The number of companies acquired for an enterprise value greater than $250 million significantly expanded and reached a market high in 2025, representing 30.6% of all disclosed consumer M&A deals. Large deals have been the precursor to the opening of broader M&A activity. In years marked by declining consumer M&A volume but a high share of large deals—more than 20% of disclosed deals above $250 million in enterprise value—the Consumer M&A market saw deal volume increase 19.6% on average the following year based on trends from 2016 to 2025.
In 2025, Discretionary sectors with strong M&A growth included Tactical Products (+54.3% YOY), Outdoor Recreation & Enthusiasts (+47.7% YOY), Vitamins & Supplements (+30% YOY), and E-Commerce (+12.8% YOY). Discretionary sectors are more exposed to macroeconomic swings, more sensitive to deal volume volatility and margin compression, and more difficult to underwrite during uncertainty. Because of this, investors move towards defensive non-discretionary opportunities in a strained economy. By re-entering the Discretionary vertical, acquirers and investors have indicated that downside risk feels contained, demand has bottomed or stabilized, and operating outlooks have gained credibility again.
Notably, PE add-on activity climbed 29.4% month-over-month (MoM) in December 2025 while platforms jumped 75% MoM, a combined 48.3% rise in the final month of the year. As of the end of 2025, 39% of U.S. PE companies have been held for more than four years, indicating a critical junction where PE firms will need to return funds to limited partners (LPs). If exits continue at the current pace (972 in 2025), it would take more than seven years for the backlog of portfolio companies aged four years or older to clear out, according to Capstone's Q4 2025 Capital Markets Update. As a result, exits are expected to accelerate as rate cuts have materialized and LPs are demanding distributions.
"We expect the initial M&A rebound to come from larger capitalization deals as these companies often understand market complications and are well-equipped to take advantage of a changing market as buyers and sellers. Several Discretionary sectors, which are typically the first pocket of the market to see momentum return in a rebound have been recovering, suggesting a broader industry rally in 2026. Consumer industry PE investment appetite experienced an increase in the past couple of months due to a greater willingness to buy and sell existing portfolio companies despite lingering market uncertainty. With a substantial need for PE firms to monetize an aging backlog of assets and distribute returns to LPs, these factors support expectations for a gradual return to Consumer industry dealmaking in 2026," said Capstone's Head of Investment Banking Ken Wasik, the lead contributor in the report.
Also included in this report:
How M&A volumes and public market valuations in the Consumer industry fared in 2025. A detailed analysis of M&A valuation drivers for consumer companies. What trends are driving M&A activity across the Consumer industry and a breakdown of each of the 14 highlighted sectors. Expectations for Consumer industry performance and M&A in North America in 2026. Which sectors outperformed the broader Consumer industry and are poised to garner buyer interest in 2026. To access to full report, click here.
ABOUT CAPSTONE PARTNERS
For over 20 years, the firm has been a trusted advisor to leading middle market companies, offering a fully integrated range of investment banking and financial advisory services uniquely tailored to help owners, investors, and creditors through each stage of the company's lifecycle. Capstone's services include M&A advisory, debt and equity placement, corporate restructuring, special situations, valuation and fairness opinions and financial advisory services. Headquartered in Boston, the firm has 175+ professionals in multiple offices across the U.S. With 12 dedicated industry groups, Capstone delivers sector-specific expertise through large, cross-functional teams. Capstone is a subsidiary of Huntington Bancshares Incorporated (NASDAQ:HBAN). For more information, visit www.capstonepartners.com.
Huntington Bancshares trades at a notable discount to peer banks, largely reflecting integration/M&A risks as well as competitive pressures in Southeastern banking markets. Recent negative guidance revisions and concerns over organic growth have weighed on sentiment, despite respectable Q1 operating results driven by fee income outperformance. HBAN's long-term thesis hinges on successful M&A integration, fee-based revenue growth, and service-driven above-peer loan growth, supporting a fair value above $19.50.
, /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, released its Annual Industrials M&A Report, which shares insights into Public market valuations, the macroeconomic climate, merger and acquisition (M&A) activity, and an outlook for 2026 industry activity. With extensive knowledge and transaction experience, Capstone Partners' Industrials Investment Banking Team provides unique commentary on nine key sectors: Environmental Health & Safety, Flow Control, Heating, Ventilation, and Air Conditioning (HVAC) Equipment, HVAC Services, Industrial & Environmental Services, Metals Manufacturing, Packaging, Precision Manufacturing, and Waste & Recycling.
The U.S. economy endured significant volatility in 2025, shaped by the shifting priorities of the federal administration, an evolving global trade environment, and a Labor market that remained more resilient than expected. The Industrials industry—highly sensitive to trade flows, supply chain stability, and capital investment cycles—saw these dynamics create both operational challenges and strategic opportunities. Aggressive tariff expansions in early 2025 affected most major trading partners and several product-specific categories, immediately impacting input costs, cross‑border manufacturing, and material sourcing decisions. However, incremental adjustments through selective trade agreements and regulatory clarifications provided some relief. Many elevated tariffs have remained in place pending further negotiations and legal review, leaving industrials companies navigating a cost structure that is more volatile and less predictable than in prior cycles. As a result, manufacturers have grown increasingly accustomed to operating in an environment of geopolitical and macroeconomic unpredictability, maintaining production, capital planning, and workforce investments even as conditions continue fluctuating. Concerns have persisted around long-term trade stability, demand variability, and pricing pressure, but the industry has largely adapted to what is now viewed as a new economic normal.
In 2025, the U.S. economy delivered a mixed but stabilizing backdrop for dealmakers and investors, characterized by moderating inflation, steady growth, and improving financial conditions. Real gross domestic product (GDP) expanded by approximately 2.2% for the year, supported by resilient consumer spending and a rebound in manufacturing activity despite ongoing global trade frictions, according to Bureau of Economic Analysis (BEA).1 The Consumer Price Index (CPI) for all items rose 2.7% on average in the last twelve months (LTM) for December 2025, according to the U.S. Bureau of Labor Statistics (BLS).2 The Personal Consumption Expenditures (PCE) price index averaged 2.8% for the year through November 2025, signaling progress toward the Fed's long-term target of 2%, according to the BEA.3 These trends were reinforced by three interest rate cuts in late 2025, which have continued to ripple through Credit markets, lowering borrowing costs and improving liquidity for corporate borrowers. Financing conditions improved markedly, with leveraged loan margins tightening and credit availability expanding, creating a favorable environment for strategic and financial buyers.
Industrial and manufacturing indicators reflected caution in the economy with optimism for the year ahead. Manufacturers' new orders rose 5.4% year-over-year (YOY) in November, driven by durable goods and infrastructure-related projects, while U.S. industrial production grew at an annual rate of 0.7% in 2025, reversing prior declines and underscoring renewed momentum in capital-intensive sectors, according to the Fed.4 Commodity-linked industries, however, faced headwinds from price volatility and global supply chain adjustments. On the labor front, the unemployment rate ended 2025 at 4.4%, slightly higher than 2024's 4.1%, as hiring slowed in cyclical sectors of the economy, according to BLS.5 Producer prices continued to rise, with the Producer Price Index (PPI) increasing 3% in 2025, reflecting sustained pricing power alongside supply chain improvements that helped manufacturers and industrial operators stabilize margins, according to BLS.6
Also included in this report:
How M&A volumes and Public market valuations in the Industrials industry fared in 2025. Which sectors outperformed the broader Industrials industry and are poised to garner buyer interest in 2026. A message from Capstone Partners' Head of Industrials Investment Banking, 2026 Industrials and North America M&A Expectations, and insights into Capstone's 2025 Middle Market Business Owners Survey. What trends are driving M&A activity across the Industrials industry and a breakdown of each of the nine highlighted sectors. To access to full report, click here.
ABOUT CAPSTONE PARTNERS
For over 20 years, the firm has been a trusted advisor to leading middle market companies, offering a fully integrated range of investment banking and financial advisory services uniquely tailored to help owners, investors, and creditors through each stage of the company's lifecycle. Capstone's services include M&A advisory, debt and equity placement, corporate restructuring, special situations, valuation and fairness opinions and financial advisory services. Headquartered in Boston, the firm has 300+ professionals in multiple offices across the U.S. With 12 dedicated industry groups, Capstone delivers sector-specific expertise through large, cross-functional teams. Capstone is a subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN). For more information, visit www.capstonepartners.com.
Issuers that tied cards to payroll, subscriptions and daily spending showed stronger customer lifetime value performance.
Embedded onboarding and digital wallet issuance shortened the gap between approval and first use, helping build longer-lasting relationships.
High-performing issuers concentrated on deepening existing relationships rather than relying primarily on customer acquisition.
The competition among card issuers is no longer centered only on rewards rates or promotional offers. Increasingly, it is about whether an issuer can become embedded deeply enough in a customer’s daily financial activity that the relationship becomes difficult to displace.
That is one of the clearest conclusions from “The Issuer’s Customer Lifetime Value Report,” from PYMNTS Intelligence and Visa, which found that the share of issuers generating high customer lifetime value declined to 17% in 2025 from 21% a year earlier, despite heavier spending across digital capabilities, artificial intelligence and embedded finance programs.
The report defines customer lifetime value as the total revenue a cardholder generates over the life of the relationship after accounting for acquisition, rewards and servicing costs. The findings were based on a survey of 500 executives in payment leadership roles at U.S. bank and nonbank card issuers.
The issuers that maintained stronger customer value metrics were generally the ones that approached the relationship with a longer horizon and a more deliberate strategy.
That proactive posture appeared most clearly in how those issuers handled onboarding, embedded features and customer engagement.
Moving Beyond Convenience The research also pointed to embedded financial features as a differentiator between stronger and weaker performers.
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Among high-value issuers, 22% offered embedded payroll or gig-worker card issuance programs, compared with 12% to 13% among lower-value peers. Payroll-linked cards create a more durable relationship because they connect the card directly to income flows and routine spending behavior.
In practical terms, that means the card is not simply a payment credential. It becomes part of how customers receive income, pay bills and manage everyday finances.
The report described this as competition for “default status,” meaning the card already tied to subscriptions, already stored in digital wallets and already linked to a paycheck. Once those connections are established, customers are less likely to shift spending elsewhere.
Eighty-two percent of high-value issuers pursued both acquisition and cross-selling strategies simultaneously, compared with lower-value issuers that were twice as likely to focus primarily on acquisition alone.
The distinction matters because acquisition without deeper engagement can produce portfolios that generate initial activity but weaker long-term retention.
Relationship Tools The report also found that issuers view AI and embedded analytics as relationship management tools.
Sixty-two percent of issuers said they plan to adopt or expand AI-powered real-time transaction categorization and enrichment over the next 12 months, making it the most widely cited AI capability in the study. Other frequently cited priorities included customer service automation, marketing segmentation and personalized rewards recommendations.
The broader implication in the report is that embedded features and AI tools matter most when they reinforce trust and continuity in the customer relationship. Faster onboarding, payroll-linked cards, transaction insights and real-time alerts all serve different functions operationally. Yet they share a common purpose: keeping the issuer connected to the customer’s daily financial life over a longer period of time.
Card issuers are using embedded onboarding, payroll-linked cards and AI-driven personalization to extend customer relationships beyond the initial transaction. PYMNTS Intelligence data indicates that issuers generating stronger customer lifetime value are focusing less on pure acquisition. The newer, tech-driven capabilities can help issuers maintain visibility into customer behavior while reducing reliance on one-time promotional campaigns.
At PYMNTS Intelligence, we work with businesses to uncover insights that fuel intelligent, data-driven discussions on changing customer expectations, a more connected economy and the strategic shifts necessary to achieve outcomes. With rigorous research methodologies and unwavering commitment to objective quality, we offer trusted data to grow your business. As our partner, you’ll have access to our diverse team of PhDs, researchers, data analysts, number crunchers, subject matter veterans and editorial experts.
, /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will participate in the 2026 Sanford Bernstein Strategic Decisions Conference on Thursday, May 28, 2026. Steve Steinour, chairman, president, and chief executive officer is scheduled to present to analysts and investors at 4:30 PM (Eastern Time). He will discuss business trends, financial performance, and strategic initiatives. The presentation will include forward-looking statements.
Webcast Information
Interested investors may access the live audio webcast in the investor relations section of Huntington's website (www.huntington-ir.com). A replay of the webcast will be archived on the website.
About Huntington
Huntington Bancshares Incorporated is a $285 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates over 1,400 branches in 21 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.
, /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will participate in the 2026 Morgan Stanley US Financials Conference on Tuesday, June 9, 2026. Zach Wasserman, chief financial officer, and Brant Standridge, president of Consumer and Regional Banking, are scheduled to present to analysts and investors at 7:30 AM (Eastern Time). They will discuss business trends, financial performance, and strategic initiatives. The presentation will include forward-looking statements.
Webcast Information
Interested investors may access the live audio webcast in the investor relations section of Huntington's website (www.huntington-ir.com). A replay of the webcast will be archived on the website.
About Huntington
Huntington Bancshares Incorporated is a $285 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates over 1,400 branches in 21 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.
For years, payment infrastructure was treated as plumbing: necessary and expensive. But increasingly, financial institutions are approaching it differently, weighing payment architecture as part of liquidity planning, operational continuity and client acquisition.
That context provides the backdrop for Huntington Bank joining CHIPS, The Clearing House’s high-value payments network.
Richard Dzina, senior vice president of core product management at The Clearing House, told PYMNTS that the move reflects more than an expansion of network participation and may signal how institutions are reassessing wholesale payment capabilities after several years spent absorbing industry-wide modernization work.
Why High-Value Payments Are Becoming a Strategy Decision “There was a bit of a hiatus with respect to new participants joining CHIPS during the industry migration to ISO 20022,” Dzina said. “That is now starting to get realized, and I would suggest Huntington is in the leading wave of an emerging trend with respect to more adds to the CHIPS network.”
His explanation centered on two themes: resiliency and liquidity.
Infrastructure, Liquidity and Resiliency Dzina countered the idea that financial institutions should think about CHIPS and Fedwire as competing choices.
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“It’s appropriate to think of conceptually the U.S. high-value market, Fedwire Funds and CHIPS as compliments to each other,” he said.
One benefit is continuity. If one operator experiences disruption, the other remains available to support critical wholesale payment activity.
He connected that directly to growing industry concern about resilience planning.
That interest arrives as commercial clients increasingly expect reliability to extend beyond uptime. Treasury teams want confidence that high-value transactions continue to move even under stressed operating conditions.
“One can conceptualize CHIPS as the liquidity savings engine for the U.S. financial system,” Dzina said.
Liquidity Savings Become More Than an Efficiency Story Dzina drew a distinction between gross settlement and liquidity-saving mechanisms.
“CHIPS relies upon a very sophisticated liquidity savings mechanism, an algorithm that has been honed and refined over 50 years, that continually matches, offsets, nets activity across the network such that only the net transfers settle with finality intraday, not the gross,” he said.
Dzina said CHIPS settles more than $2 trillion in value daily while requiring approximately $70 billion in funding support, creating roughly 26-to-1 liquidity efficiency. He linked that advantage to the present environment of elevated rates, quantitative tightening and heightened competition for reserves.
He also tied liquidity management directly to resiliency.
“The median settlement on CHIPS is about 8 a.m.,” he said. “The median settlement of activity on Fedwire is about 1 p.m.”
Earlier settlement allows institutions and their customers to recycle liquidity earlier and lowers exposure if a participant or network disruption occurs later in the operating cycle.
Network Participation and New Markets Dzina also discussed the advantages.
“It is not merely a win for the new participant,” he said. “It’s also very advantageous for the network at large. The more volume and value you throw at the network, the better the algorithm performs because there’s more opportunities for matches and offset.”
The network effect becomes relevant as banks pursue larger commercial opportunities and more sophisticated payment requirements.
“A competitive dynamic is starting to emerge among our participants with respect to a race of who can deliver more enhanced services, enhanced analytics, building upon the enriched ISO format,” Dzina said.
Richer data structures may allow institutions to differentiate through information and service design rather than speed alone.
Dzina also pointed to extended operating hours as the next significant development.
Expanded availability would strengthen access to off-hours and cross-border use cases, improve reach into markets including the Middle East, and create opportunities tied to global supply chains and new settlement patterns, he said.
“We very much want to be a first mover with extended operating hours, just as we were a first mover with ISO,” he said.
Ultimately, Dzina framed the issue in terms of system economics.
“The volume and value committed to the network supports the efficiency of the U.S. payment system and equally supports the dollar as a global reserve and settlement currency,” he told PYMNTS.
Key Takeaways Huntington projects adjusted EPS to grow from $1.45 in 2025 to $1.90-$1.93 by 2027.Huntington posted 11% y/y revenue growth in 2025 and 34% growth in Q1'26.Huntington expects $435M annualized cost synergies by 2027 from Veritex and Cadence. Huntington Bancshares, Inc. (HBAN - Free Report) has set an ambitious earnings growth target, projecting adjusted earnings per share (EPS) to increase from $1.45 in 2025 to $1.90-$1.93 by 2027. That represents more than 30% cumulative growth in just two years. The key question is whether Huntington can translate its recent operating momentum and strategic initiatives into sustainable earnings growth.
A major pillar supporting management’s target is the bank’s strong revenue trajectory. Revenues increased 11% in 2025 and accelerated to 34% year-over-year growth in the first quarter of 2026. At the same time, Huntington delivered robust balance-sheet expansion, with loan growth of 17.3% and deposit growth of 14.2% year over year in 2025, both accelerating further in early 2026. Strong growth on both sides of the balance sheet is particularly important because it provides the scale needed to drive net interest income, while also expanding opportunities for cross-selling higher-value products and services.
Another encouraging factor is the increasing contribution from fee-based businesses. Non-interest income rose 6.2% in 2025 before rising 38% year over year in the first quarter of 2026. Growth in the Capital Markets, Wealth Management and Payments businesses suggests that Huntington is gradually diversifying away from a model heavily dependent on net interest income. This diversification should make earnings more resilient if margin expansion slows or funding costs remain elevated.
Acquisition synergies represent another meaningful lever. Following the integration of Veritex and the pending benefits from Cadence, management expects $435 million of annualized cost synergies by 2027 and $500 million of cumulative revenue synergies by 2028. While revenue synergies are often harder to realize than cost savings, Huntington’s ability to expand market density, deepen commercial banking relationships, and cross-sell treasury management, payments and wealth products could provide a significant boost to earnings if execution remains strong.
Overall, Huntington’s 2027 earnings target appears challenging but achievable. The bank benefits from multiple earnings drivers, including organic growth, fee-income expansion and merger synergies that collectively support management’s outlook. While execution risks remain, the target looks grounded in identifiable operational levers rather than overly optimistic assumptions.
How HBAN Peers Are PerformingHuntington’s peers, including KeyCorp (KEY - Free Report) and Regions Financial (RF - Free Report) , are also showing improving operating trends.
KeyCorp’s earnings trajectory is expected to grow, backed by management’s optimistic outlook for revenues and loan growth, indicating that momentum is likely to extend beyond the near-term cycle. For the next 3-5 years, KeyCorp’s earnings are projected to rise 21.9%.
Then again, Regions Financial’s focus on expanding and diversifying its business operations through investments in varied product offerings and inorganic expansion efforts will support growth. Regions Financial’s earnings are projected to rise 11.9% over the next 3-5 years.
HBAN’s Price Performance & Zacks RankShares of the company have declined 7.1% in the past six months compared with the industry’s fall of 4.5%.
Image Source: Zacks Investment Research
Huntington’s currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
On June 04, 2026, Huntington Bancshares Inc (HBAN) shares rose 3.8% today, bringing the current price to $16.53. The stock is trading within its 52-week range,
Key Takeaways Huntington expects up to $500M in cost savings and revenue synergies from Texas deals by 2026.HBAN has achieved Veritex cost-saving targets and sees a path to $365M in Cadence savings.Huntington projects $500M in revenue synergies by 2028 and reaffirmed the 2027 earnings targets. Huntington Bancshares Incorporated’s (HBAN - Free Report) strategic expansion in Texas is gaining momentum, supported by targeted acquisitions, geographic diversification and deeper penetration into high-growth markets.
The bank began reinforcing its Texas strategy in March 2024, when it announced plans to expand its commercial banking operations in the state, following its earlier footprint extension in the Dallas-Fort Worth area. The strategy accelerated in October 2025 with the acquisition of Veritex Holdings, which expanded Huntington’s presence in Dallas-Fort Worth and Houston. In February 2026, the company strengthened its position by completing its merger with Cadence Bank, significantly increasing its scale across Texas and the broader southern United States.
At the Morgan Stanley financial services conference held yesterday, Huntington’s management highlighted the strong early returns from its Texas expansion strategy. The company pointed to meaningful earnings upside from recent acquisitions, cost-saving opportunities and integration efforts.
Management expects to generate up to $500 million in combined cost savings and revenue synergies by the end of 2026, driven primarily by the Veritex and Cadence transactions. These acquisitions have strengthened Huntington’s presence in attractive Texas markets, including Dallas-Fort Worth and Houston, while also expanding its reach across the South.
Management emphasized that the Texas strategy is not merely about adding scale. The focus is also on improving profitability through operating efficiencies, customer growth and cross-selling opportunities. The upcoming Cadence systems conversion will reach a milestone, as it will bring acquired customers and employees onto Huntington’s common operating platform. This is expected to accelerate integration benefits and support stronger customer engagement.
Huntington has already achieved $70 million in cost savings targeted from the Veritex transaction. The company also sees a clear path to realizing $365 million in expense savings from the Cadence deal. These synergies are expected to contribute meaningfully to earnings growth over the next two years. Huntington expects to generate $500 million in revenue synergies from the two Texas deals by the end of 2028, including $50-$75 million in 2026.
Management also reaffirmed its longer-term financial targets, including projected earnings per share of $1.90-$1.93 in 2027 and a return on tangible common equity of 18-19%. This would mark a solid improvement from 2025, when Huntington reported earnings of $1.39 per share and a return on tangible common equity of 15.7%.
Other Banks Expanding in Texas MarketHuntington is not the only regional bank strengthening its Texas presence. In January 2026, Prosperity Bancshares, Inc. (PB - Free Report) completed its previously announced acquisition of American Bank Holding Corporation and its wholly owned subsidiary, American Bank.
With American Bank’s 18 full-service branches and two loan production offices across South and Central Texas, the acquisition significantly enhances Prosperity’s competitive position in several high-growth Texas markets.
Fifth Third Bancorp (FITB - Free Report) is also expanding aggressively in Texas. In February 2026, Fifth Third acquired Comerica, a transaction that broadened its reach across key markets in the Southeast, Texas and California, while reinforcing its leadership position in the Midwest.
Fifth Third’s management is now integrating the platform on an accelerated timeline and remains on track to achieve $360 million in net cost savings in 2026 and an $850-million annual run rate by the fourth quarter of 2026.
HBAN’s Price Performance & Zacks RankOver the six months, shares of Huntington have declined 6% compared with the industry’s fall of 4.1%.
Image Source: Zacks Investment Research
HBAN currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
