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Net Interest Income: Approximately $2.1 billion, up $18 million (0.9%) quarter-over-quarter and 37% year-over-year.Net Interest Margin: 3.25%, up 4 basis points

, /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 January 4, 2027, to shareholders of record on December 18, 2026.

The Board also declared quarterly cash dividends on the following six series of its preferred stock payable January 15, 2027, to their respective shareholders of record on January 1, 2027:

A quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $17.51025352 per share (equivalent to $0.4377563 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 February 19, 2027, to shareholders of record on February 4, 2027.

About Huntington

Huntington Bancshares Incorporated is a $288 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 approximately 1,400 branches in 21 states, with certain businesses operating nationally. Visit Huntington.com for more information.

SOURCE Huntington Bancshares Incorporated

Huntington Bancshares Incorporated (HBAN) Q3 2026 Earnings Call October 22, 2026 9:00 AM EDT

Company Participants

Eric Wasserstrom - Executive VP & Head of Investor Relations
Stephen Steinour - Chairman & CEO
Brantley Standridge - President
Zachary Wasserman - CFO & Senior EVP
Brendan Lawlor

Conference Call Participants

L. Erika Penala - UBS Investment Bank, Research Division
Jon Arfstrom - RBC Capital Markets, Research Division
Kenneth Usdin - Bernstein Autonomous LLP
John Pancari - Evercore ISI Institutional Equities, Research Division
Manan Gosalia - Morgan Stanley, Research Division
Robert Scott Siefers - TD Cowen, Research Division

Presentation

Operator

Greetings, and welcome to the Huntington Bancshares Third Quarter 2026 Earnings Conference 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, Director of Investor Relations.

Eric Wasserstrom
Executive VP & Head of Investor Relations

Thanks, Christina, and good morning, everyone. Thanks for joining us for our third quarter call. Our speakers for our presentation today are Steve Steinour, Chairman and CEO; Brant Standridge, President; and Zach Wasserman, Chief Financial Officer. Unfortunately, Zach has become ill very unexpectedly, although I did speak with him a little while ago, and he is sounding quite good. But he will not be participating in the Q&A portion of today's call. So I will be joining in his stead, and also joining us for Q&A will be our Chief Credit Officer, Brendan Lawlor. Earnings documents, which include our forward-looking statements, disclaimer, and non-GAAP information and copies of the slides we'll be referencing 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.

These 3 Stocks Under $20 Have Wall Street Looking Past the Share PriceHuntington Bancshares NASDAQ: HBAN reported third-quarter results that management said reflected continued commercial lending momentum, growth in fee businesses, completed cost-synergy actions and disciplined capital allocation amid a more competitive lending and deposit environment.

Chairman and CEO Steve Steinour said the operating backdrop remains generally constructive, supported by commercial pipelines and consumer spending, although higher interest rates and elevated energy and other input costs could eventually weigh on growth. He said the bank is maintaining its moderate-to-low risk appetite and has reduced activity in businesses where risk-adjusted returns no longer meet its standards.

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Wintrust: A Quiet Regional Bank Posting Loud Results“Our C&I growth remains very strong,” Steinour said, citing the national commercial strategy. At the same time, Huntington has scaled back in certain asset classes, including indirect auto lending and residential mortgages, where pricing and returns have become less attractive.

Commercial growth offsets pullbacks in select portfolios Period-end loans rose 1.1% sequentially, while average loans declined 0.4% from the prior quarter. Chief Financial Officer Zach Wasserman said loan growth was led by commercial and industrial lending, including corporate and specialty banking, asset finance and middle-market banking. Lower commercial real estate, auto and residential mortgage balances partly offset those gains.

MarketBeat Week in Review – 03/09 - 03/13Management expects sequential loan growth in the fourth quarter and continues to project approximately 6% organic loan growth for the full year. Steinour and President Brant Standridge said the expected growth is supported by commercial pipelines, expansion in newer markets and the company’s specialized commercial-business verticals.

Standridge said the company’s legacy banking markets generated 6% year-over-year loan growth and 3% deposit growth. In newer geographies such as the Carolinas, organic loan and deposit growth reached 40% and 50%, respectively. Corporate and specialty banking produced $11 billion of year-over-year loan growth and $9 billion in deposit growth, according to management.

On commercial real estate, Steinour said accelerated refinance activity during July and August led some loans to move to Fannie Mae, Freddie Mac and debt funds. He described the shift as part of Huntington’s risk-management strategy rather than a broad deterioration in underwriting standards. Construction commitments fell to about 8% of commercial real estate commitments during the quarter, he said.

Margin expands as deposit-cost increases moderate Average deposits increased about $500 million, or 0.2%, from the preceding quarter. End-of-period deposit growth approximately matched loan growth, consistent with Huntington’s objective of core-funding its balance sheet.

The overall cost of deposits was 1.90%, up 2 basis points from the second quarter, though Wasserman said the pace of increases moderated significantly. Consumer primary bank relationships rose 4% year over year, business banking primary bank relationships increased 5%, and commercial primary bank relationships rose 7%.

Net interest income totaled approximately $2.1 billion, up $18 million, or 0.9%, sequentially and 37% year over year. Net interest margin increased 4 basis points to 3.25%, helped by higher asset yields, lower average Federal Reserve cash balances and optimization of interest-bearing liabilities. Lower purchase-accounting accretion and a modest hedge drag partially offset those benefits.

Management expects net interest margin to remain approximately flat in the fourth quarter and forecast full-year net interest income growth of about 35%. Eric Wasserstrom, Huntington’s director of investor relations, said the company is assuming a 50% to 60% deposit beta in its outlook, reflecting continued competitive intensity.

Fee growth and expense initiatives support earnings outlook Value-added fee revenue increased more than 15% year over year on a reported basis, including contributions from the Veritex and Cadence partnerships. Management cited increased treasury-management penetration, payment volumes, merchant-services adoption, wealth relationships and capital-markets engagement.

Standridge said debt and equity capital-markets revenue rose 35% year to date, wealth net flows increased 28%, and treasury-management revenue grew 42% year over year. The company expects fourth-quarter fee revenue of approximately $750 million, subject to normal variability, which would imply full-year fee-income growth of roughly 31%.

Noninterest expense was $1.7 billion, essentially flat sequentially. Huntington completed Cadence expense-synergy actions during the quarter, with the full run-rate benefit expected to begin in the fourth quarter. The bank expects core expenses to remain flat in the fourth quarter compared with the third quarter and expects at least 100 basis points of positive operating leverage for full-year 2026.

Management said it expects about $150 million of incremental Cadence cost synergies as late-2026 actions are annualized. Wasserstrom said those synergies, along with share repurchases and projected core earnings growth, support Huntington’s 2027 earnings-per-share outlook of $1.75 to $1.83.

Capital return continues while credit remains within expectations Reported common equity tier 1 capital ended the quarter at 10.1%, while adjusted CET1 was 8.9%. Huntington repurchased approximately $460 million of common stock year to date, including $100 million in the third quarter and $50 million early in the fourth quarter.

The company expects to execute approximately $1.8 billion to $1.9 billion in repurchases across this year and next year, while continuing to support organic growth and its dividend. Tangible book value per share was $9.47, and adjusted return on tangible common equity was 16.6% for the quarter. Management continues to target ROTCE of 17% to 18% in 2027.

Net charge-offs were 31 basis points, up 6 basis points sequentially, primarily due to one idiosyncratic commercial credit charge-off. Huntington expects full-year charge-offs near the low end of its 25- to 35-basis-point guidance range. The allowance for credit losses was 1.75% of loans, while the nonperforming asset ratio rose to 90 basis points from 85 basis points.

Chief Credit Officer Brendan Lawlor said credit performance has remained stable and that management’s 2027 outlook does not assume reserve releases. Instead, the company expects reserve levels to grow alongside the loan portfolio.

About Huntington Bancshares (NASDAQ:HBAN)Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company's offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.

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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Is Huntington Bancshares Inc (HBAN) Undervalued After Q3 Earnings Miss? EPS at $0.33 vs. $0.35 Estimate; Revenue at $2.79B

Quarterly Summary vs Analyst Estimates

Huntington Bancshares Inc HBAN released its 8-K filing on October 22, 2026, detailing its financial performance for the third quarter of 2026. The company reported earnings per share (EPS) of $0.33, falling short of the analyst estimate of $0.35. Total revenue for the quarter reached $2.79 billion, down slightly from $2.84 billion in the previous quarter and reflecting a substantial increase compared to $2.13 billion a year prior.

Huntington Bancshares Incorporated is a U.S. regional bank holding company headquartered in Columbus, Ohio. It operates primarily through its subsidiary, The Huntington National Bank, serving various clients, including consumers, small businesses, and large corporations, across the Midwest, Mid-Atlantic, and Southeast regions. The company focuses on offering banking services through segments such as Consumer and Regional Banking, Commercial Banking, and Wealth Management and Private Banking.

Performance Summary and ChallengesDespite stability in EPS, Huntington faced challenges in the third quarter. Noninterest income decreased by 8% quarter-over-quarter, attributed mainly to lower capital markets fees and unfavorable equity valuation adjustments. This reduction in fee income can impact overall profitability and growth prospects, especially when weighed against rising competition and fluctuating market conditions.

Furthermore, average total loans and leases fell by 0.4% compared to the prior quarter. This decline was mainly driven by reductions in commercial real estate and total consumer loans, suggesting potential headwinds in loan demand. The challenges faced by the commercial segment could indicate economic pressures affecting clients' borrowing activities, which may lead to a cautionary outlook for future earnings stability.

Financial Achievements and Key MetricsHuntington maintained a robust capital position with a common equity tier 1 (CET1) risk-based capital ratio of 10.1% and total tangible equity (TCE) ratio of 6.9%. The solid capital metrics highlight the bank's ability to absorb losses and fund growth, presenting a relatively strong foundation, especially amidst uncertainties in the broader economic environment.

Key highlights from the income statement include:

Metric3Q262Q263Q25Net Interest Income$2,069 million$2,052 million$1,506 millionNoninterest Income$722 million$785 million$628 millionTotal Revenue$2,791 million$2,837 million$2,134 millionNet Income$680 million$686 million$602 millionDiluted EPS$0.33$0.33$0.41

Performance AnalysisHuntington's net interest income rose by 1% quarter-over-quarter, driven by a slight increase in the net interest margin (NIM) to 3.25%. This improvement reflects the bank's capacity to generate income from its lending and investment activities, even while managing costs effectively. However, the combined effect of higher income versus lower loan growth could signal a cautious approach to future lending practices in an environment of rising rates and restricted credit availability.

Overall, while the bank reported steady earnings, the declining trend in loan volumes along with decreased noninterest income could pose challenges to long-term growth and earnings potential. The management's focus on optimizing costs, enhancing revenue through strategic partnerships, and maintaining disciplined execution will be instrumental in navigating these existing headwinds.

GuruFocus Valuation CheckAccording to GuruFocus's proprietary data, Huntington Bancshares Inc has a GF Score of 86/100, indicating a strong overall performance based on quality, momentum, and valuation metrics. The computed GF Value stands at $16.62, suggesting that the stock is currently undervalued compared to its current price of $15.72, translating to a 5.4% undervaluation.

The financial strength of Huntington scores 2/10, implying an area of concern regarding its sustainability under duress, while its profitability rank at 8/10 denotes a strong level of return on its equity and asset base. Moreover, a growth rank of 10/10 indicates significant potential for future growth driven by strategic acquisitions and organic expansion.

It's notable that insider activity shows a net selling trend over the past 12 months, with $8.0 million in sales compared to $0.9 million in purchases. This selling may suggest caution among insiders regarding the company’s future outlook. Such insider behavior can often be interpreted as a signal for investors to evaluate current valuations closely.

For a deeper dive, visit the Huntington Bancshares Inc stock page on GuruFocus.

Explore the complete 8-K earnings release (here) from Huntington Bancshares Inc for further details.

GuruFocus context: GuruFocus’ GF Value™ estimates fair value near $16.62 (5.4% undervalued); its GF Score™ is 86/100; 9 gurus currently hold the stock, with 3 adding and 9 trimming positions in recent quarters — guru 13F data Simply Wall St and Morningstar don’t have. See the full Huntington Bancshares Inc HBAN research.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

New connected experience designed to help small business owners build and scale their businesses with access to financial, operational and business management AI tools and expertise

, /PRNewswire/ -- The Huntington National Bank ("Huntington") today announced The 1866 Studio, a new AI-powered operating system built with Gemini platform, Google Cloud's AI platform. Named for the year Huntington was founded, The 1866 Studio honors the bank's legacy of empowering businesses by bringing together business guidance, financial intelligence, digital tools and human expertise into a single, connected experience for aspiring and existing small business owners.

Huntington Bank Introduces The 1866 Studio, an AI-Powered Small Business Operating System Built with Google Cloud

The 1866 Studio Desktop

The 1866 Studio Business Profile

The 1866 Studio Mobile

The 1866 Studio Call to Action

Experience the full interactive Multichannel News Release here: https://www.multivu.com/huntington/9347252-en-huntington-bank-announces-the-1866-studio 

The 1866 Studio is designed to simplify the complex and time-consuming demands of starting and running a business. The operating system will provide agentic AI workflows across the financial, operational and management needs of business owners that streamline complex work and help them move from information to intelligence to action. By retaining relevant business context across tasks, The 1866 Studio enables business owners to orchestrate decisions across disparate tools while maintaining control as their needs evolve.

"Small businesses are essential to strong communities and a strong economy, and helping businesses thrive has been central to Huntington's purpose for more than 160 years," said Brant Standridge, president of Huntington Bank. "We are continually looking for new ways to help business owners navigate challenges, seize opportunities and spend more time focused on the financial success and growth of their businesses. The 1866 Studio is the next evolution of that commitment, bringing together Huntington's expertise and Gemini platform to help owners make more informed decisions and spend more time building the businesses they imagined."

The 1866 Studio will leverage Huntington's extensive small business and financial expertise and an AI-powered experience built using Google Cloud's comprehensive platform to build, scale, govern and optimize agents. Combined with Google's multimodal Gemini models, Gemini platform is enabling Huntington to offer business owners an intelligent, connected operating system that helps them navigate decisions with greater confidence and efficiency.

"Small business owners shouldn't have to become experts in every function or in AI to build a successful business," said Vijay Konduru, head of innovation and AI products at Huntington. "The 1866 Studio is an AI-powered platform designed around the small business jobs to be done. As the product evolves, it's intended to increasingly support the full range of those jobs across the business lifecycle, from turning an idea into a business to running and growing it, and ultimately preparing for succession, sale or exit."

"The future of small business banking is about delivering expertise and guidance in the moments customers need it most," said Rohit Bhat, general manager and managing director, Financial Services, Google Cloud. "By using Gemini platform and Gemini frontier models to build The 1866 Studio, Huntington is creating an innovative experience that helps small business owners move from information to action."

Initial AI capabilities of The 1866 Studio, including agentic workflows, equip entrepreneurs to turn business ideas into actionable plans, navigate startup requirements, strengthen their brand, identify funding sources, enable funding readiness and plan for growth. For example:

Business launch support: With built-in AI agents, owners can navigate the steps required to start a business, from entity selection and registration to licensing and operational setup, while generating a customized action plan to help move from idea to launch.
Marketing & campaign creation: Leveraging multimodal Gemini models, owners can instantly generate tailored marketing collateral, digital ad copy and social media campaigns.
Loan readiness assistance: AI-powered agents help owners evaluate financing readiness by identifying potential gaps, explaining lender expectations and recommending actions that can strengthen eligibility for future financing opportunities.
"Agentic AI workflows that help carry out tasks are one part of this end-to-end operating system," Konduru added. "Alongside them are relevant, personalized expert content and an AI assistant that helps owners both monitor their business operations and finances and manage and orchestrate daily work. Together, these capabilities help owners move from advice to action with support that evolves with the business, while they remain in control."

The 1866 Studio builds on Huntington's multi-year strategic partnership with Google Cloud to modernize technology, advance governed AI capabilities and accelerate innovation. Through the partnership, Huntington continues to explore new ways to use technology built with Google Cloud to enhance experiences for customers, colleagues and the communities and businesses it serves.

Interested small business owners and entrepreneurs, not limited to Huntington customers, can sign up for early access to The 1866 Studio beginning Oct. 19.

Visit Huntington.com/The1866Studio to sign up for early access to The 1866 Studio.

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.

SOURCE Huntington Bank

Wall Street expects a year-over-year decline in earnings on higher revenues when Huntington Bancshares (HBAN - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on October 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis regional bank holding company is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of -5%.

Revenues are expected to be $2.82 billion, up 31.2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 6.75% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Huntington Bancshares?For Huntington Bancshares, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #5.

So, this combination makes it difficult to conclusively predict that Huntington Bancshares will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Huntington Bancshares would post earnings of $0.39 per share when it actually produced earnings of $0.39, delivering no surprise.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Huntington Bancshares doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAnother stock from the Zacks Banks - Midwest industry, Enterprise Financial Services (EFSC - Free Report) , is soon expected to post earnings of $1.38 per share for the quarter ended September 2026. This estimate indicates a year-over-year change of +15%. Revenues for the quarter are expected to be $189.81 million, down 7.4% from the year-ago quarter.

The consensus EPS estimate for Enterprise Financial Services has been revised 1.4% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -5.07%.

When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Enterprise Financial Services will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Free Report) have earned an average recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $19.43.

A number of analysts recently issued reports on HBAN shares. Wells Fargo & Company lowered their price target on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, September 16th. Robert W. Baird lifted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, July 24th. JPMorgan Chase & Co. decreased their price objective on shares of Huntington Bancshares from $19.50 to $17.50 and set an “overweight” rating for the company in a research report on Friday, October 2nd. Stephens dropped their target price on Huntington Bancshares from $19.00 to $18.00 in a research report on Tuesday, September 22nd. Finally, UBS Group set a $18.00 price target on Huntington Bancshares in a report on Tuesday.

Read Our Latest Stock Report on Huntington Bancshares

Insider Activity In other news, insider Kendall Kowalski sold 27,971 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the transaction, the insider owned 70,025 shares in the company, valued at $1,204,430. This trade represents a 28.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.67% of the stock is owned by company insiders. Hedge Funds Weigh In On Huntington Bancshares Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Huntington Bancshares in the second quarter valued at about $3,134,426,000. Victory Capital Management Inc. raised its position in shares of Huntington Bancshares by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 37,412,989 shares of the bank’s stock worth $649,115,000 after purchasing an additional 3,182,001 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Huntington Bancshares by 27.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock worth $367,388,000 after purchasing an additional 5,026,894 shares during the last quarter. Amundi lifted its stake in Huntington Bancshares by 30.7% in the 1st quarter. Amundi now owns 19,502,547 shares of the bank’s stock valued at $305,215,000 after buying an additional 4,578,566 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in Huntington Bancshares in the 2nd quarter valued at about $256,772,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of HBAN stock opened at $15.33 on Wednesday. The stock has a 50 day moving average of $16.66 and a 200 day moving average of $16.67. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The stock has a market cap of $30.97 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.93 and a beta of 0.95. Huntington Bancshares has a twelve month low of $14.82 and a twelve month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same quarter in the prior year, the firm posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, sell-side analysts expect that Huntington Bancshares will post 1.55 EPS for the current year.

Huntington Bancshares Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th were paid a dividend of $0.1550 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 48.06%.

Huntington Bancshares Company Profile (Get Free Report)

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer, small-business and commercial banking services through branch offices, digital banking channels and automated teller machines.

The company offers deposit accounts, residential and commercial mortgages, home equity lending, auto loans, personal lending, credit cards and other consumer financial products. Its business banking operations provide lending, treasury management, payment processing and capital markets services, while its wealth management and insurance businesses serve individuals, families and institutions.

Founded in 1866, Huntington has developed a banking franchise across the Midwest, with a presence in states including Ohio, Michigan, Pennsylvania, Indiana, West Virginia, Kentucky, Illinois and Wisconsin.

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Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Free Report) was the recipient of some unusual options trading on Thursday. Stock investors purchased 8,196 call options on the stock. This represents an increase of approximately 167% compared to the average daily volume of 3,068 call options.

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

Institutional Inflows and Outflows Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Huntington Bancshares in the 2nd quarter valued at $3,134,426,000. Bank of America Corp DE acquired a new stake in Huntington Bancshares in the second quarter valued at $256,772,000. Bank of New York Mellon Corp acquired a new position in shares of Huntington Bancshares in the 2nd quarter valued at $229,246,000. Legal & General Group Plc acquired a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $213,096,000. Finally, Deutsche Bank AG purchased a new position in Huntington Bancshares during the 2nd quarter worth $129,338,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Bancshares Price Performance Huntington Bancshares stock opened at $15.33 on Friday. The stock has a 50-day moving average price of $16.74 and a two-hundred day moving average price of $16.66. Huntington Bancshares has a 12 month low of $14.82 and a 12 month high of $19.45. The company has a market capitalization of $30.97 billion, a PE ratio of 11.88, a P/E/G ratio of 0.92 and a beta of 0.95. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same quarter in the prior year, the company posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Analysts expect that Huntington Bancshares will post 1.54 EPS for the current year.

Huntington Bancshares Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were given a $0.1550 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is 48.06%.

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

Positive Sentiment: Wells Fargo maintained its Buy rating on Huntington Bancshares, signaling continued confidence in the bank’s valuation and longer-term prospects. Wells Fargo Sticks to Their Buy Rating for Huntington Bancshares Positive Sentiment: Investors purchased 8,196 HBAN call options, about 167% above the average daily volume. The activity may reflect increased speculative interest or expectations for a rebound, although options activity alone does not guarantee a sustained advance. Analyst Upgrades and Downgrades A number of research analysts recently issued reports on the company. Robert W. Baird lifted their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, July 24th. UBS Group raised their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Evercore dropped their target price on shares of Huntington Bancshares from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, September 18th. Wells Fargo & Company reduced their target price on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 16th. Finally, Stephens decreased their price target on shares of Huntington Bancshares from $19.00 to $18.00 in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Check Out Our Latest Analysis on Huntington Bancshares

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Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer, small-business and commercial banking services through branch offices, digital banking channels and automated teller machines.

The company offers deposit accounts, residential and commercial mortgages, home equity lending, auto loans, personal lending, credit cards and other consumer financial products. Its business banking operations provide lending, treasury management, payment processing and capital markets services, while its wealth management and insurance businesses serve individuals, families and institutions.

Founded in 1866, Huntington has developed a banking franchise across the Midwest, with a presence in states including Ohio, Michigan, Pennsylvania, Indiana, West Virginia, Kentucky, Illinois and Wisconsin.

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, /PRNewswire/ -- The Huntington National Bank (Huntington) today announced $300,000 in community investments from the Huntington Bank Community Foundation supporting affordable housing, financial education and career readiness in Memphis. The commitment includes a $250,000, multi-year investment in United Housing to expand access to affordable housing opportunities for Memphis-area families and a $50,000 grant to the Boys & Girls Clubs of Greater Memphis to support workforce readiness programming for local youth.

"We believe in Memphis and the people here, and when we invest in housing, workforce readiness and local partnerships, we're investing in the future of Memphis," said Brian Walhood, Huntington Mid-South regional president. "United Housing and the Boys & Girls Clubs of Greater Memphis are doing the kind of work that helps families build stability, opens doors for young people and strengthens the community we are proud to be part of."

The $250,000 three-year commitment to United Housing will support programs serving individuals and families earning less than 80% of the area's median family income. Funding will help provide down payment and closing cost assistance, along with homebuyer education and counseling services designed to help more families become homeowners.

United Housing provides quality housing opportunities to residents through financial coaching, mortgage lending, homebuilding and renovations, and partnerships that help strengthen neighborhoods and increase access to affordable housing. In its most recent annual reporting period, the organization assisted nearly 800 individuals and families.

"United Housing's mission is to serve those underserved by the traditional mortgage market," said Amy Schaftlein, executive director, United Housing. "We help families realize their dream of homeownership through our education and financing programs. This investment from the Huntington Bank Community Foundation will allow us to serve hundreds of more families with financial coaching and credit counseling and give wealth-building opportunities to first-generation homebuyers."

Huntington Bank Community Foundation's investment represents its commitment to making people's lives better and strengthening the communities it serves. It builds on years of partnership between United Housing and Cadence Bank, which became part of Huntington when the combination was completed in February 2026. Bank colleagues are involved with United Housing through program sponsorships, volunteering, board service and first-time homebuyer education and seminars.

Huntington's commitment to affordable housing is a core pillar in its broader community development strategy. Across its markets, the bank makes investments in affordable housing developments and works with local partners to connect families with programs, products, tools and resources to help them prepare for homeownership and build long-term financial stability.

Huntington Bank Community Foundation is also investing in the future workforce through a $50,000 grant to the Boys & Girls Clubs of Greater Memphis. The funding will support the Juice Plus+ Technical Training Center, a dedicated after-school learning and training facility where young people build technical and life skills through direct instruction in culinary arts, logistics, automotive technology, welding and IT, as well as interview techniques, personal goal setting, money management and customer service.

"Growing up, the Boys & Girls Clubs of Memphis was an integral part of my life that ultimately helped me to become successful," said Shannon A. Brown, Boys & Girls Clubs of Greater Memphis board member and chief executive officer of Action Logics. Brown retired from FedEx Express as senior vice president, eastern division of U.S. operations, and chief diversity officer. He also is a retired Cadence Bank board director.

"My experience with the Boys & Girls Clubs of Memphis shaped me in foundational ways. It taught me confidence. It gave me the belief that my dreams were possible. And it instilled in me a deep respect for my work and for the people who helped me get to where I am today."

The grant builds on the bank's longstanding partnership with the organization and the Juice Plus+ Technical Training Center, including financial literacy classes and the Money Matters program at the Center, and will help fund industry-recognized certifications for students participating in workforce development pathways. Bank leaders and colleagues have supported the organization through local board and committee leadership, colleague volunteerism at club events, annual fundraising efforts and hands-on involvement in activities that support the club's operations and initiatives across the region.

Learn more about Huntington Bank by visiting Huntington.com.

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.

SOURCE Huntington Bancshares Incorporated

, /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, released its 2026 Middle Market Business Owners Survey Report, with insights from privately-owned companies across the U.S. This report combines Capstone's in-depth middle market knowledge with proprietary data obtained from 400 participating owners of privately-owned, middle market companies. Conducted between May 20, 2026, and July 7, 2026, the survey captures sentiment at a pivotal moment in the U.S., identifying CEOs' decision-making processes, growth, financial, exit plans, and value drivers that characterized middle market business in 2026.

Key Findings:

Improved comfortability with persistent macroeconomic and geopolitical volatility saw the share of CEOs concerned with company growth fall an average of 3.5% compared to 2025. However, persistent inflationary pressures have remained for the majority (92.3%) of business owners. Middle market business owners have scaled back operational and strategic adjustments to adapt to shifting trade policy in 2026. Overall, most (79.5%) business owners have completed at least one tariff strategy shift in 2026, down 3.8% from 2025. The majority (57.7%) of surveyed CEOs completed at least one capital markets transaction in the last 12-months (LTM), representing a 0.3% year-over-year (YOY) rise. Private equity (PE) interest in middle market businesses has also continued to expand, with 54.6% of surveyed business owners reporting inbound contact from a PE firm in the LTM. The majority (84.5%) of surveyed CEOs reported that their business has already implemented or plans to adopt artificial intelligence (AI) tools, with customer service/marketing solutions representing the most common use case. The lion's share (48.8%) of business owners surveyed plan to execute growth strategies over the next 12-months (NTM). However, planned growth strategy initiatives have fallen 7.1% YOY, as recent inflationary pressures have pushed owners to increasingly prioritize financial stability efforts (+6.1% YOY). Project financing has represented the top use case for LTM debt capital (50%), NTM debt capital (57.1%), and NTM equity financing (44.6%) among surveyed CEOs. In 2026, 72.7% of middle market CEOs have started preparing for an exit from their business, suggesting a sizable pool of exit-ready business owners. Compared to CEOs who have not started preparing for an exit from their business, exit prepared business owners completed more capital markets transactions in the LTM (+46.5%), attracted greater inbound PE interest (+34.5%), and reported greater LTM revenue growth (+20%). The share of CEOs with a very positive U.S. economic outlook has increased for the second consecutive year to 22.5% in 2026, marking a four-year high. The majority (71.6%) of CEOs have reported a positive NTM industry outlook, marking a 5.7% YOY improvement following two years of declining sentiment. Through this research, Capstone has evaluated the health of the middle market in 2026, uncovering recent challenges faced by business owners and the resources required to offset these challenges. The report also provides an analysis of forward-looking growth strategies and initiatives, business owners' outlooks on their respective industries and the broader U.S. economy, and expected revenue changes.

To access the full report including a breakout of the results by industry, click here.

Make your voice heard in our upcoming survey 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.

SOURCE Capstone Partners

These 3 Stocks Under $20 Have Wall Street Looking Past the Share PriceHuntington Bancshares NASDAQ: HBAN said it has revised its 2027 earnings outlook as higher-for-longer interest rates, deposit pricing pressure and competition in selected lending categories weigh on net interest margin and loan growth expectations.

Speaking at the Barclays 2026 Global Financial Services Conference, Chairman and CEO Steve Steinour said the bank’s operating performance has remained solid despite an environment that has become “materially different and more challenging” than management expected at the start of the year. The company now expects 2027 earnings per share of $1.75 to $1.83, while planning to increase its share repurchase program by $200 million to between $1.3 billion and $1.4 billion next year.

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Margin and Lending Pressures Drive Outlook Revision Wintrust: A Quiet Regional Bank Posting Loud ResultsSteinour said Huntington’s primary challenge has been a change in interest-rate and competitive conditions rather than a weakening in the company’s core franchise. Market expectations for Federal Reserve policy shifted from anticipated rate cuts to expectations for rate increases, raising funding costs and contributing to more intense competition for deposits, he said.

“The economics of incremental growth have become tighter than we anticipated at the start of the year,” Steinour said.

MarketBeat Week in Review – 03/09 - 03/13Chief Financial Officer Zach Wasserman said the bank’s organic loan growth run rate has declined to about 6%, from a prior range of roughly 8% to 9%. He attributed the change in part to accelerated commercial real estate paydowns, residential mortgage pressure and increased competition in indirect auto lending.

Wasserman said average daily loan balances are expected to decline by about one-half of 1% in the third quarter from the second quarter, though end-of-period loans are expected to rise sequentially. The company expects full-year loan growth of approximately 36% year over year and deposit growth of approximately 33%, both within its prior stated ranges.

In indirect auto, Steinour said Huntington has reduced production rather than accept returns below its underwriting thresholds. A year ago, the bank was originating roughly $850 million in auto loans at a mid-to-high-teens return, he said. Current production is closer to $500 million, with a 12% return representing the company’s minimum acceptable level.

Commercial real estate refinancing has also accelerated beyond expectations, according to Steinour. He said refinancing activity has been about twice what management expected, as borrowers move from floating-rate loans to fixed-rate financing and capital providers such as Fannie Mae and Freddie Mac increase refinancing activity.

Net Interest Margin Expected to Remain Relatively Flat Wasserman said Huntington’s net interest margin, which was 3.21% in the second quarter, is expected to increase into the low-to-mid 3.20% range in the third quarter. However, the bank now expects margin to remain in that range in the fourth quarter and potentially through the latter half of 2027 under a lower-end operating scenario.

Higher yields on repricing loans and securities are helping offset funding pressures, but the company expects deposit costs to rise gradually as balances reprice. Wasserman said a change in the Federal Reserve’s policy stance, either higher or lower, could provide additional flexibility and support margins in the mid-to-high 3.20% range next year.

Fee Businesses and Cost Actions Provide Offsets Huntington highlighted continued growth in its fee-based businesses, which Steinour said have expanded at a 14% compound annual growth rate since the second quarter of 2024 on an organic basis. Capital markets revenue has grown at a 30% compound annual rate, while wealth and private banking revenue has grown at a 10% rate and payments revenue at a 9% rate, according to the presentation.

Wasserman said fee revenue growth is expected to exceed the company’s original 2026 target by 4 percentage points. Third-quarter fee revenue is expected to be in the $730 million range, with growth expected to resume sequentially in the fourth quarter. Huntington expects high-single-digit to low-double-digit annual growth in fee revenue going forward.

The bank is also increasing its expense reengineering efforts. Management expects expenses for the current year to remain within its previously stated range, with a fourth-quarter efficiency ratio of roughly 55.5% to 56%.

Integration Progress and Capital Returns Steinour said integrations of Veritex and Cadence are proceeding at or ahead of plan. Huntington achieved its $70 million Veritex cost-synergy target in the second quarter, while Cadence is tracking toward a $365 million run-rate target by the fourth quarter. The bank increased its cumulative revenue-synergy outlook from the two transactions to approximately $600 million through 2028, compared with its original $500 million estimate.

The company has repurchased approximately $360 million of shares year to date out of a planned $550 million for the current year. Wasserman said the planned 2027 buyback increase reflects lower expected loan growth and the resulting availability of additional capital.

Despite the revised outlook, management expects earnings per share to grow more than 20% from fiscal 2025 levels, tangible book value per share to increase more than 10% from current levels, and return on tangible common equity to reach the low-to-high 17% range in 2027. Wasserman said Huntington continues to target returns above 18% over the longer term.

About Huntington Bancshares (NASDAQ:HBAN)Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.

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 Incorporated (NASDAQ:HBAN – Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 6,134 put options on the company. This is an increase of approximately 111% compared to the typical volume of 2,910 put options.

Insider Buying and Selling In related news, EVP Marcy Hingst sold 10,568 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the sale, the executive vice president owned 267,859 shares in the company, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall Kowalski sold 27,971 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total value of $481,101.20. Following the completion of the sale, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares A number of hedge funds and other institutional investors have recently modified their holdings of HBAN. BlackRock Inc. acquired a new position in shares of Huntington Bancshares during the second quarter worth $3,134,426,000. Geode Capital Management LLC increased its holdings in Huntington Bancshares by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 43,171,993 shares of the bank’s stock valued at $746,257,000 after buying an additional 3,074,673 shares during the last quarter. Victory Capital Management Inc. raised its stake in Huntington Bancshares by 9.3% in the fourth quarter. Victory Capital Management Inc. now owns 37,412,989 shares of the bank’s stock valued at $649,115,000 after buying an additional 3,182,001 shares in the last quarter. Norges Bank acquired a new stake in Huntington Bancshares in the fourth quarter valued at $432,584,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Huntington Bancshares by 27.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock worth $367,388,000 after buying an additional 5,026,894 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Price Performance Shares of NASDAQ HBAN opened at $15.82 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market cap of $31.96 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92. The stock’s 50-day moving average is $17.33 and its two-hundred day moving average is $16.72. Huntington Bancshares has a 1-year low of $14.89 and a 1-year high of $19.45. Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the company posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Analysts forecast that Huntington Bancshares will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s payout ratio is 48.06%.

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

Positive Sentiment: Huntington raised its prime rate from 6.75% to 7.00%. Higher lending rates could support net interest income and banking margins, depending on deposit costs and loan demand. Huntington Bancshares Increases its Prime Rate Positive Sentiment: Wells Fargo lowered its HBAN price target to $21 from $23 but maintained an “overweight” rating, implying substantial potential upside from current trading levels. The target reduction reflects more cautious expectations but the retained rating remains supportive. Neutral Sentiment: Huntington presented at the Barclays 24th Annual Global Financial Services Conference, giving investors additional information about its strategy and operating outlook. No major new catalyst was identified in the conference update. Huntington Bancshares Barclays Conference Presentation Negative Sentiment: Huntington cut its FY 2026 EPS guidance to $1.52–$1.54, below the $1.60 consensus estimate, and reduced FY 2027 guidance to $1.75–$1.83 versus an $1.88 consensus. The lowered outlook raises concerns about earnings momentum and was the primary reason for the pressure on the stock. Huntington Bancshares Shares Fall After Lowering Earnings Guidance Negative Sentiment: Options activity became unusually bearish, with traders purchasing 6,134 put options—111% above the average daily volume. This signals increased demand for downside protection or speculative bets against HBAN. Wall Street Analysts Forecast Growth HBAN has been the subject of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a report on Tuesday, August 18th. JPMorgan Chase & Co. boosted their price target on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Robert W. Baird increased their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Bank of America reissued a “neutral” rating and issued a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. Finally, Stephens cut their target price on shares of Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $20.15.

View Our Latest Analysis on Huntington Bancshares

Huntington Bancshares Company Profile (Get Free Report)

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.

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Huntington Bancshares Incorporated (HBAN) Barclays 24th Annual Global Financial Services Conference September 16, 2026 7:30 AM EDT

Company Participants

Stephen Steinour - Chairman & CEO
Zachary Wasserman - CFO & Senior EVP

Conference Call Participants

Jason Goldberg - Barclays Bank PLC, Research Division

Presentation

Jason Goldberg
Barclays Bank PLC, Research Division

Welcome to day 3 of Barclays 2026 Global Financial Services Conference. I'm very pleased that you could join us this morning. We have almost a full day of presentations today as well. We go through 2:45, concluding with Goldman Sachs. From the -- kicking us off today, very pleased to have Huntington. From the company is Steve Steinour, Chairman and CEO; and Zach Wasserman, Chief Financial Officer. Steve is going to kick us off with some remarks and some slides they put out the deck this morning, and then we're going to do some Q&A.

So, Steve, please kick us off.

Stephen Steinour
Chairman & CEO

Jason, thank you very much, and thank you for 31 great years, and thank you to Barclays as well for hosting us. Welcome to everyone who's joining us today. This morning, I want to walk you through where Huntington stands today, how the operating environment has evolved over the course of this year, how our management team has responded and why we remain confident in the earnings power and long-term value creation of our franchise.

So let's begin on Slide 3. There are 4 key messages that will frame the discussion today. First, Huntington is a strategically well-positioned national franchise with scale in markets that are expected to sustainably grow above the national average and numerous value-added fee businesses. We expect to drive strong organic growth through the decade and beyond. Second, we're driving solid operating performance amidst an operating environment that is materially different and more challenging than

The September GVAS portfolio highlights 10 ideal, fair-priced large-cap value stocks with strong dividend yields and positive free cash flow margins. Top GVAS dogs are projected to deliver average net gains of 36.8% by September 2027, with risk/volatility 46% below the market. Analyst targets suggest the five lowest-priced, highest-yield GVAS stocks could outperform the broader top ten by 5.12% over the next year.

, /PRNewswire/ -- Capstone Partners' annual Aerospace, Defense, Government & Security (ADGS) Industry M&A Report and 2026 Outlook examines Public market valuations, macroeconomic trends, and deal activity across each of the four industry pillars. Capstone Partners' ADGS Investment Banking Team provides merger and acquisition (M&A), capital formation, and financial advisory services to the owners of middle market businesses in the ADGS industry that serve growing end markets. Our team provides proprietary experience advising scaled, technology-enabled services and solutions providers across multiple mission-critical end markets.

Fervent Aerospace & Defense M&A Demand Backed by Resilient Market Dynamics

The ADGS industry entered 2025 after a prior-year-period that saw significant gains in deal count and strong valuation performance despite a volatile macroeconomic and geopolitical landscape that depressed dealmaking elsewhere in the market. Yet, Aerospace & Defense M&A continued to expand throughout 2025, posting a 10.3% year-over-year (YOY) uptick in deal count matched by a 73.1% increase in total disclosed enterprise value (EV) and robust deal valuations averaging 3.0x EV/Revenue and 11.4x EV/EBITDA. The first quarter of 2026 suggested no slowdown in buyer interest, marked by a 37% YOY increase in Aerospace & Defense M&A volume totaling $47.1 billion of disclosed EV. While Q1 2026 EBITDA multiples contracted nearly two turns from full-year 2025 to 9.5x, revenue multiples expanded significantly to 4.8x—a signifier of the growing demand for subscription-based solutions within the Government and Security markets, and early-stage technology-enabled developers in the Aerospace and Defense spaces.

Aerospace dealmaking in 2025 was defined by depressed aircraft production levels, delivering strong end market opportunities—and subsequent buyer interest—across the Manufacturing, Maintenance, and Leasing segments. Volatile fuel prices pushed low-cost carriers (LCCs) to their limits, providing a pool of eager sellers for airline consolidation through the first quarter of 2026. Fragmentation continued to define the Component Manufacturing segment as strategics and sponsor-backed platforms alike sought scale, specialization, and geographic expansion.

Defense spending underpinned continued expansion in military-focused M&A in 2025, extending gains through Q1 2026. A record-breaking fiscal year (FY) 2026 National Defense Authorization Act (NDAA) was followed by an even loftier FY 2027 President's Budget request, lifting proposed spending to $1.5 trillion, according to The White House. The Department of War (DOW) reformed the historically conservative acquisition process, incentivizing renewed investments in strategic inorganic growth and wider investment in the U.S. industrial base to align with new contracting opportunities and practices. Private market financing was accompanied by an active Office of Strategic Capital (OSC) and preference for commercial-off-the-shelf (COTS) solutions, delivering critical lifelines to small, innovative defense technology developers.

Government contracting M&A experienced an acute pullback in 2025. The Department of Government Efficiency (DOGE) injected uncertainty into the Federal Contracting space, exacerbated by the longest government shutdown in U.S. history. Acquirers adapted by shifting target criteria to diverse revenue streams across both federal and state, local & education (SLED) levels of government. The first quarter of 2026 saw M&A restored to stable levels of growth, signifying renewed confidence in government contracting.

Security remained a top concern in both the physical and cyber realms in 2025 and Q1 2026. A nationwide focus on inner-city law and order supported M&A demand across the Physical Security landscape, while chronic law enforcement staffing shortages brought uniformed guard services to the forefront of dealmaking. Software integration offered unique opportunities for service providers and systems integrators capable of upgrading legacy security systems with new technology enablement. Artificial intelligence (AI) defined Cybersecurity sector M&A, with buyers vying for solutions both powered by AI as well as those used to secure the vast amounts of sensitive data behind AI models and agents.

Looking ahead, Capstone expects the ADGS industry to continue embracing M&A as the preferred method of adapting to change, bringing innovation to market, and capitalizing on strong macroeconomic tailwinds. The industry is uniquely positioned to serve the needs of a geopolitically unstable world, and industry participants have displayed eager willingness to achieve the growth required to address global concerns.

Aerospace & Defense M&A Activity Trends by Sector

The full report, available for download below, includes M&A commentary and analysis on 14 key sectors within the ADGS industry:

Aircraft Leasing Aircraft Maintenance Aircraft Manufacturing Flight Air, Land, Sea & Space (ALSS) Systems Command, Control, Communications, Computers, Intelligence, Surveillance & Reconnaissance (C4ISR) Electronic Warfare, Defense Electronics & Sensors Tactical Products Training & Simulation Unmanned Systems Government Services Cybersecurity Governance, Risk & Compliance Security Solutions To access the 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.

SOURCE Capstone Partners

, /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) ("Huntington") today announced that Brant Standridge has been appointed President of Huntington Bancshares Incorporated and its subsidiary, The Huntington National Bank, effective immediately. The promotion reflects an extensive succession planning process conducted by the Board of Directors; Chairman and Chief Executive Officer, Steve Steinour; and third-party experts over several years.

Brant Standridge In this expanded role, Standridge will oversee all of Huntington's revenue-generating businesses and report to Steve Steinour, who plans to continue as Chairman and Chief Executive Officer of Huntington Bancshares Incorporated for several more years. Steinour will remain focused on company strategy and execution.

"Brant is an exceptional leader with deep banking experience, strong operating discipline and a clear focus on delivering for customers and colleagues," Steinour said. "Since joining Huntington, he has played an important role in advancing our growth agenda and strengthening alignment across our businesses. He has been a strong champion of our culture and has helped reinforce the values and purpose of Huntington. In this expanded role, he will be responsible for the continued revenue growth and performance of the bank."

The appointment builds on Standridge's work establishing and leading Huntington's Growth Council, which brings together leaders from across Huntington's revenue-producing businesses to identify and capitalize on long-term growth opportunities. Standridge has also led all integration activity related to Veritex Community Bank and Cadence Bank, including the successful Cadence conversion, the largest in Huntington's history, helping springboard Huntington's growth across Texas and the South.

"On behalf of the Board of Directors and all of my Huntington colleagues, I want to congratulate Brant on his new role and thank him for his many contributions to our growth and success over the years," added Steinour.

Standridge has served as President of Consumer & Business Banking since joining Huntington in April 2022. In that role, he oversaw Huntington's consumer, private and business banking units, including branch banking, business banking, community development, consumer finance, insurance, regional banking and wealth management businesses, in addition to all corporate marketing activities.

Prior to joining Huntington, Standridge served as Chief Retail Community Banking Officer at Truist. He assumed that position in December 2019, upon the closing of the merger between BB&T Corporation and SunTrust Banks, Inc. His previous roles at Truist and its predecessors include more than five years as a member of the executive leadership team, with responsibility for a variety of businesses, including retail banking, indirect auto finance, equipment finance, mortgage and commercial mortgage banking. He also served eight years as regional president in Baltimore, Atlanta and Dallas.

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.

SOURCE Huntington Bancshares Incorporated

Advisors Capital Management LLC bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,676,679 shares of the bank’s stock, valued at approximately $29,728,000. Advisors Capital Management LLC owned approximately 0.08% of Huntington Bancshares at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Huntington Bancshares during the second quarter worth $3,134,426,000. Wellington Management Group LLP lifted its holdings in shares of Huntington Bancshares by 4,265.5% during the 4th quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock worth $1,215,955,000 after acquiring an additional 68,478,435 shares during the period. Norges Bank acquired a new stake in shares of Huntington Bancshares in the fourth quarter worth approximately $432,584,000. Vanguard Group Inc. boosted its position 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 acquiring an additional 14,338,222 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Huntington Bancshares in the second quarter valued at approximately $229,246,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Trading Down 0.9% NASDAQ:HBAN opened at $17.01 on Friday. The business’s 50-day moving average is $17.61 and its two-hundred day moving average is $16.88. The firm has a market capitalization of $34.37 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91.

Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last announced its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same period last year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts predict that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year. Huntington Bancshares Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares’s payout ratio is presently 48.06%.

Insider Transactions at Huntington Bancshares In other news, EVP Marcy C. Hingst sold 10,568 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the transaction, the executive vice president directly owned 267,859 shares in the company, valued at approximately $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have bought 22,000 shares of company stock valued at $401,219 and have sold 262,061 shares valued at $4,549,432. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades Several brokerages recently commented on HBAN. Wells Fargo & Company started coverage on shares of Huntington Bancshares in a research report on Monday. They set an “overweight” rating and a $23.00 price target for the company. Piper Sandler raised shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research note on Thursday, April 23rd. Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Weiss Ratings raised Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.24.

Get Our Latest Stock Analysis on Huntington Bancshares

(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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Algebris UK Ltd. acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,175,752 shares of the bank’s stock, valued at approximately $38,455,000. Huntington Bancshares comprises 2.5% of Algebris UK Ltd.’s investment portfolio, making the stock its 18th largest holding. Algebris UK Ltd. owned 0.11% of Huntington Bancshares at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HBAN. MV Capital Management Inc. bought a new position in shares of Huntington Bancshares during the fourth quarter worth approximately $25,000. Palisade Asset Management LLC acquired a new position in shares of Huntington Bancshares during the 3rd quarter worth approximately $26,000. Centennial Bank AR acquired a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $28,000. Trust Co. of Vermont bought a new position in shares of Huntington Bancshares during the second quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Huntington Bancshares in the second quarter valued at approximately $31,000. 80.72% of the stock is owned by institutional investors.

Analyst Ratings Changes Several equities analysts have weighed in on HBAN shares. Evercore reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a report on Monday, July 6th. Morgan Stanley restated an “equal weight” rating and issued a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. Robert W. Baird upped their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. increased their price target on Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.24.

View Our Latest Report on HBAN Insider Activity at Huntington Bancshares In other news, insider Kendall A. Kowalski sold 27,971 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $17.20, for a total value of $481,101.20. Following the completion of the sale, the insider owned 70,025 shares in the company, valued at approximately $1,204,430. This trade represents a 28.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the transaction, the director directly owned 612,155 shares in the company, valued at $10,620,889.25. This trade represents a 26.75% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders acquired 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. 0.67% of the stock is owned by insiders.

Huntington Bancshares Trading Down 2.8% Shares of HBAN stock opened at $17.17 on Thursday. The company has a market capitalization of $34.69 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The business’s fifty day moving average is $17.61 and its 200 day moving average is $16.88.

Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last announced its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s payout ratio is currently 48.06%.

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.

Recommended Stories Five stocks we like better than Huntington Bancshares Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report).

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Posted by Defense World Staff on Jul 28th, 2026

Bank of Nova Scotia lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 92.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 298,936 shares of the bank’s stock after selling 3,462,734 shares during the period. Bank of Nova Scotia’s holdings in Huntington Bancshares were worth $4,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MV Capital Management Inc. acquired a new position in shares of Huntington Bancshares in the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC acquired a new stake in Huntington Bancshares during the 3rd quarter worth approximately $26,000. Centennial Bank AR purchased a new position in Huntington Bancshares in the 4th quarter valued at approximately $28,000. Johnson Financial Group Inc. boosted its position in Huntington Bancshares by 48.8% in the 1st quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock valued at $34,000 after buying an additional 707 shares during the period. Finally, DV Equities LLC acquired a new position in shares of Huntington Bancshares in the fourth quarter worth $38,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets HBAN has been the topic of a number of analyst reports. Wolfe Research reduced their price objective on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America restated a “neutral” rating and issued a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research note on Monday. Barclays cut Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Finally, Jefferies Financial Group set a $18.00 price objective on Huntington Bancshares in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.07.

View Our Latest Stock Analysis on Huntington Bancshares

Insider Activity at Huntington Bancshares In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction 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 owned 267,859 shares of the company’s stock, valued at $4,821,462. This represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the transaction, the director directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased 22,000 shares of company stock worth $401,219 in the last three months. Insiders own 0.67% of the company’s stock.

Huntington Bancshares Price Performance Shares of NASDAQ:HBAN opened at $17.16 on Tuesday. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The company has a 50-day moving average price of $17.16 and a 200 day moving average price of $16.92. The company has a market cap of $34.79 billion, a P/E ratio of 13.30, a PEG ratio of 0.78 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last issued its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same period last year, the company posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts predict that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current year.

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

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.

Featured Stories Five stocks we like better than Huntington Bancshares AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report).

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Posted by Defense World Staff on Jul 27th, 2026

Gabelli Funds LLC boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 56.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 777,106 shares of the bank’s stock after purchasing an additional 279,356 shares during the quarter. Gabelli Funds LLC’s holdings in Huntington Bancshares were worth $12,162,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. MV Capital Management Inc. purchased a new stake in shares of Huntington Bancshares in the fourth quarter valued at about $25,000. Palisade Asset Management LLC acquired a new stake in Huntington Bancshares during the 3rd quarter worth approximately $26,000. Centennial Bank AR purchased a new stake in shares of Huntington Bancshares during the fourth quarter worth approximately $28,000. Johnson Financial Group Inc. grew its position in Huntington Bancshares by 48.8% in the 1st quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock valued at $34,000 after buying an additional 707 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in Huntington Bancshares by 80.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock worth $35,000 after buying an additional 994 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a report on Monday, July 6th. UBS Group lifted their price target on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a research report on Thursday. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a report on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.14.

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

Positive Sentiment: HBAN reported Q2 adjusted EPS of $0.39, matching Wall Street estimates, while revenue came in slightly ahead of expectations. Management also raised FY 2026 EPS guidance to $1.90-$1.93, above consensus, signaling confidence in continued earnings growth. Article Title Positive Sentiment: The bank highlighted growth in net interest income, fee income, loans, and deposits, which supports the view that core business trends remain healthy. Article Title Positive Sentiment: Huntington also announced a quarterly dividend of $0.155 per share, which may appeal to income-focused investors and reinforces capital return plans. Neutral Sentiment: Analysts remain broadly constructive, with consensus calling the stock a “Moderate Buy,” but several firms kept only an “equal weight” view. Neutral Sentiment: Morgan Stanley and Stephens both lowered their price targets to $19, while Robert W. Baird raised its target to $21 and kept an outperform rating, leaving the analyst message mixed overall. Negative Sentiment: Rising funding costs pressured Q2 margins, and higher expenses and provisions remain a headwind for profitability. Article Title Negative Sentiment: The recent pullback in analyst price targets may be limiting upside expectations, even after the earnings report. Insider Buying and Selling In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the sale, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marcy C. Hingst sold 10,568 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value 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. The trade was a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have bought 25,029 shares of company stock valued at $464,980. Corporate insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Performance NASDAQ:HBAN opened at $17.36 on Monday. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $17.12 and a 200-day simple moving average of $16.93. The company has a market capitalization of $35.19 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.78 and a beta of 0.93.

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, meeting analysts’ consensus estimates of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the company earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities research analysts expect that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current fiscal year.

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

About Huntington Bancshares (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.

Read More Five stocks we like better than Huntington Bancshares RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report).

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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.

SOURCE Huntington Bancshares Incorporated

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

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.

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.

SOURCE Huntington Bancshares Incorporated