Huntington Bancshares Reports Q1 Profit Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy HBAN?
Source: NASDAQ.COM
- Profit Decline: Huntington Bancshares reported a net profit of $523 million for Q1, down from $527 million in the same period last year, indicating challenges in maintaining profitability.
- Earnings Per Share Drop: EPS fell from $0.34 last year to $0.25, reflecting pressures on the company's cost management and competitive positioning in the market.
- Significant Revenue Growth: Despite the profit decline, the company's revenue surged by 34% to $2.592 billion, demonstrating strong business expansion and market demand.
- Adjusted Earnings Performance: Adjusted earnings stood at $739 million, with an EPS of $0.37, indicating that the core profitability remains robust when excluding one-time items.
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Analyst Views on HBAN
Wall Street analysts forecast HBAN stock price to rise
15 Analyst Rating
12 Buy
2 Hold
1 Sell
Moderate Buy
Current: 16.970
Low
16.00
Averages
20.23
High
23.00
Current: 16.970
Low
16.00
Averages
20.23
High
23.00
About HBAN
Huntington Bancshares Incorporated is an asset regional bank holding company. The Company, through its bank subsidiary, 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. It operates more than 1,000 branches in 14 states, with certain businesses operating in extended geographies. Its Consumer & Regional Banking segment offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, and other financial products and services. Its Commercial Banking segment provides expertise through banks, capabilities, and digital channels, which include a comprehensive set of product offerings. Its target clients span from mid-market to large corporates across a national footprint.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Huntington Bancshares Set to Announce Q1 Earnings
- Earnings Announcement Preview: Huntington Bancshares is set to release its Q1 2023 earnings report on April 23 before market open, with consensus EPS estimate at $0.35 and revenue estimate at $2.58 billion, reflecting a robust 33.3% year-over-year growth, which will provide crucial performance insights for investors.
- Strong Performance Record: Over the past year, Huntington has beaten EPS and revenue estimates 75% of the time, indicating a relatively stable performance in the market, which enhances investor confidence in its future earnings potential.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and nine downward adjustments, while revenue estimates experienced three upward revisions and one downward, suggesting mixed market sentiment regarding the company's future performance that investors should closely monitor.
- Positive M&A Outlook: As regional bank stocks rise on merger prospects, analysts are increasingly focused on Huntington Bancshares, indicating a market optimism about its growth potential, which could further drive stock price appreciation.
See More
Huntington Bancshares Q1 Earnings Exceed Expectations
- Strong Earnings Performance: Huntington Bancshares reported a Q1 non-GAAP EPS of $0.37, beating expectations by $0.02, indicating sustained profitability that is likely to positively impact stock prices.
- Net Interest Income Growth: Net interest income increased by $299 million, or 19% from the prior quarter, and $465 million, or 33% year-over-year, demonstrating the company's effective revenue enhancement in the current interest rate environment.
- Significant Loan and Deposit Increases: Average total loans and leases rose by $27.6 billion, or 19%, to $174.2 billion, while deposits increased by $31.5 billion, or 18%, reflecting enhanced customer trust and market share expansion.
- Share Repurchase Plan: The Board approved a $3 billion share repurchase authorization, replacing the previous one, signaling confidence in future cash flows and potentially enhancing EPS and shareholder returns.
See More
Huntington Bancshares Reports Stronger-Than-Expected Q1 Earnings
- Earnings Beat: Huntington Bancshares (HBAN) reported an adjusted Q1 EPS of $0.37, surpassing the analyst estimate of $0.35, reflecting strong performance post-Cadence Bank and Veritex acquisitions, with a projected 10%-13% increase in net interest income for 2026 compared to 2025's $6.06B.
- Revenue Growth: The bank's Q1 revenue reached $2.59B, exceeding the consensus estimate of $2.58B, and grew from $2.19B in the previous quarter and $1.94B year-over-year, indicating effective synergy realization from the acquisitions.
- Balance Sheet Strength: Average total deposits rose to $204.6B, an 18% quarter-over-quarter and 27% year-over-year increase, while average loans and leases amounted to $174.2B, reflecting a 19% quarter-over-quarter and 33% year-over-year growth, showcasing robust expansion post-acquisition.
- Share Buyback Authorization: The board approved a $3B share repurchase program, signaling confidence in future performance and providing additional returns to shareholders amidst strong operational metrics.
See More
Huntington Bancshares Reports Q1 Profit Decline
- Profit Decline: Huntington Bancshares reported a net profit of $523 million for Q1, down from $527 million in the same period last year, indicating challenges in maintaining profitability.
- Earnings Per Share Drop: EPS fell from $0.34 last year to $0.25, reflecting pressures on the company's cost management and competitive positioning in the market.
- Significant Revenue Growth: Despite the profit decline, the company's revenue surged by 34% to $2.592 billion, demonstrating strong business expansion and market demand.
- Adjusted Earnings Performance: Adjusted earnings stood at $739 million, with an EPS of $0.37, indicating that the core profitability remains robust when excluding one-time items.
See More
Huntington Reports Strong Q1 2026 Performance Driven by Organic Growth
- Net Income Growth: Huntington reported a net income of $523 million for Q1 2026, translating to $0.25 per share, reflecting a 1% increase from the previous quarter, despite a 1% year-over-year decline, showcasing resilience amid economic uncertainty.
- Return Metrics: The bank achieved a return on average assets of 0.81%, a return on average common equity of 7.2%, and a return on average tangible common equity (ROTCE) of 11.6%, indicating ongoing improvements in capital efficiency.
- Strategic Partnership Progress: With Veritex fully integrated and Cadence conversion scheduled for June, Huntington anticipates further growth opportunities in Texas and the South, highlighting its regional market expansion potential.
- Strong Financial Foundation: The company emphasized its robust balance sheet and industry-leading liquidity, positioning itself to support customers during economic fluctuations while delivering outperformance for shareholders, demonstrating sustainable long-term profitability.
See More
Wall Street Earnings Season Faces Major Test
- Earnings Season Significance: Wall Street is set for a packed earnings season featuring key companies like Capital One and Boeing, with investors eager to glean insights into the economic impact of the Iran war from these reports.
- Capital One Performance Focus: Capital One is scheduled to report earnings on Tuesday, with market attention on its consumer health metrics and the progress of its acquisitions of Discover and Brex, particularly amid rising economic uncertainties.
- Boeing Earnings Outlook: Boeing is expected to release its earnings report on Wednesday, with market focus on order volumes in both its commercial and defense sectors, as well as free cash flow performance, especially after previous unexpected losses.
- GE Vernova Order Growth: GE Vernova will report alongside Boeing, with first-quarter new orders anticipated to reach $14.4 billion, reflecting a 65% year-over-year increase, indicating strong market performance amid rising electricity demand.
See More
Huntington Bancshares Set to Announce Q1 Earnings
- Earnings Announcement Preview: Huntington Bancshares is set to release its Q1 2023 earnings report on April 23 before market open, with consensus EPS estimate at $0.35 and revenue estimate at $2.58 billion, reflecting a robust 33.3% year-over-year growth, which will provide crucial performance insights for investors.
- Strong Performance Record: Over the past year, Huntington has beaten EPS and revenue estimates 75% of the time, indicating a relatively stable performance in the market, which enhances investor confidence in its future earnings potential.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and nine downward adjustments, while revenue estimates experienced three upward revisions and one downward, suggesting mixed market sentiment regarding the company's future performance that investors should closely monitor.
- Positive M&A Outlook: As regional bank stocks rise on merger prospects, analysts are increasingly focused on Huntington Bancshares, indicating a market optimism about its growth potential, which could further drive stock price appreciation.
See More
Huntington Bancshares Q1 Earnings Exceed Expectations
- Strong Earnings Performance: Huntington Bancshares reported a Q1 non-GAAP EPS of $0.37, beating expectations by $0.02, indicating sustained profitability that is likely to positively impact stock prices.
- Net Interest Income Growth: Net interest income increased by $299 million, or 19% from the prior quarter, and $465 million, or 33% year-over-year, demonstrating the company's effective revenue enhancement in the current interest rate environment.
- Significant Loan and Deposit Increases: Average total loans and leases rose by $27.6 billion, or 19%, to $174.2 billion, while deposits increased by $31.5 billion, or 18%, reflecting enhanced customer trust and market share expansion.
- Share Repurchase Plan: The Board approved a $3 billion share repurchase authorization, replacing the previous one, signaling confidence in future cash flows and potentially enhancing EPS and shareholder returns.
See More
Huntington Bancshares Reports Stronger-Than-Expected Q1 Earnings
- Earnings Beat: Huntington Bancshares (HBAN) reported an adjusted Q1 EPS of $0.37, surpassing the analyst estimate of $0.35, reflecting strong performance post-Cadence Bank and Veritex acquisitions, with a projected 10%-13% increase in net interest income for 2026 compared to 2025's $6.06B.
- Revenue Growth: The bank's Q1 revenue reached $2.59B, exceeding the consensus estimate of $2.58B, and grew from $2.19B in the previous quarter and $1.94B year-over-year, indicating effective synergy realization from the acquisitions.
- Balance Sheet Strength: Average total deposits rose to $204.6B, an 18% quarter-over-quarter and 27% year-over-year increase, while average loans and leases amounted to $174.2B, reflecting a 19% quarter-over-quarter and 33% year-over-year growth, showcasing robust expansion post-acquisition.
- Share Buyback Authorization: The board approved a $3B share repurchase program, signaling confidence in future performance and providing additional returns to shareholders amidst strong operational metrics.
See More
Huntington Bancshares Reports Q1 Profit Decline
- Profit Decline: Huntington Bancshares reported a net profit of $523 million for Q1, down from $527 million in the same period last year, indicating challenges in maintaining profitability.
- Earnings Per Share Drop: EPS fell from $0.34 last year to $0.25, reflecting pressures on the company's cost management and competitive positioning in the market.
- Significant Revenue Growth: Despite the profit decline, the company's revenue surged by 34% to $2.592 billion, demonstrating strong business expansion and market demand.
- Adjusted Earnings Performance: Adjusted earnings stood at $739 million, with an EPS of $0.37, indicating that the core profitability remains robust when excluding one-time items.
See More
Huntington Reports Strong Q1 2026 Performance Driven by Organic Growth
- Net Income Growth: Huntington reported a net income of $523 million for Q1 2026, translating to $0.25 per share, reflecting a 1% increase from the previous quarter, despite a 1% year-over-year decline, showcasing resilience amid economic uncertainty.
- Return Metrics: The bank achieved a return on average assets of 0.81%, a return on average common equity of 7.2%, and a return on average tangible common equity (ROTCE) of 11.6%, indicating ongoing improvements in capital efficiency.
- Strategic Partnership Progress: With Veritex fully integrated and Cadence conversion scheduled for June, Huntington anticipates further growth opportunities in Texas and the South, highlighting its regional market expansion potential.
- Strong Financial Foundation: The company emphasized its robust balance sheet and industry-leading liquidity, positioning itself to support customers during economic fluctuations while delivering outperformance for shareholders, demonstrating sustainable long-term profitability.
See More
Wall Street Earnings Season Faces Major Test
- Earnings Season Significance: Wall Street is set for a packed earnings season featuring key companies like Capital One and Boeing, with investors eager to glean insights into the economic impact of the Iran war from these reports.
- Capital One Performance Focus: Capital One is scheduled to report earnings on Tuesday, with market attention on its consumer health metrics and the progress of its acquisitions of Discover and Brex, particularly amid rising economic uncertainties.
- Boeing Earnings Outlook: Boeing is expected to release its earnings report on Wednesday, with market focus on order volumes in both its commercial and defense sectors, as well as free cash flow performance, especially after previous unexpected losses.
- GE Vernova Order Growth: GE Vernova will report alongside Boeing, with first-quarter new orders anticipated to reach $14.4 billion, reflecting a 65% year-over-year increase, indicating strong market performance amid rising electricity demand.
See More
