HBAN Earnings Prediction
The chart below shows how HBAN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HBAN sees a -4.16% change in stock price 10 days leading up to the earnings, and a +0.71% change 10 days following the report. On the earnings day itself, the stock moves by +1.27%. This data can give you a slight idea of what to expect for the next quarter's release.
HBAN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.95B
13.54%
4.27%
Gross Margin
--
--
--
Operating Margin
35.67%
33.15%
4.79%
Net Margin
27.33%
89.66%
-1.87%
EPS
0.34
126.67%
3.03%
No Data Available
HBAN Earnings Analysis
Huntington Bancshares Inc Corporation (HBAN.O) Earnings Conference Call
Positive
Fee Revenue and Loan Growth: Record fee revenues and accelerated growth of loans and deposits, with average deposits increasing by over $7.5 billion and average loans growing by over $3.5 billion in 2024.
Strong Profitability Metrics: Earnings per common share reached $0.34, with a return on tangible common equity (ROTCE) of 16.4% for the quarter, reflecting strong profitability.
Record Revenue Achievement: Capital markets achieved a new quarterly record for revenue at $120 million, representing a 74% increase from the previous year.
Fee Revenue Growth: Fee revenues increased by $96 million or 20% year-over-year, with payments and wealth management fees both growing by 8% from the prior year.
CET1 Ratio Improvement: Common equity Tier 1 (CET1) ratio ended the quarter at 10.5%, up approximately 30 basis points from last year, indicating a strong capital position.
Negative
Credit Quality Stability Concerns: Net charge-offs remained stable at 30 basis points, indicating potential concerns about future credit quality amidst a dynamic economic environment.
Credit Loss Allowance Decline: The allowance for credit losses decreased to 1.88%, down 5 basis points from the prior quarter, suggesting a potential underestimation of future credit risks as loan growth accelerates.
Rising Non-Interest Expenses: Despite a strong performance in fee revenues, the overall non-interest expense increased by $57 million from Q3, primarily driven by higher personnel costs, raising concerns about cost management.
Net Interest Margin Outlook: The net interest margin was reported at 3.03%, with expectations of a modest decline in the first quarter, indicating potential pressure on profitability in the near term.
Investment Portfolio Challenges: The repositioning of securities resulted in a pre-tax loss of $21 million, highlighting challenges in managing the investment portfolio amidst changing market conditions.
HBAN FAQs
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HBAN Earning Call Sentiment
Huntington Bancshares Incorporated (HBAN) Q4 2024 Earnings Call Transcript
1.0x
00:00
00:00
HBAN.O
0.93%Positive
The earnings call summary shows strong financial performance, with growing earnings, loan balances, and deposits. While there are some concerns about credit quality and loan-to-deposit ratios, the overall sentiment remains positive. The Q&A section reveals confidence in managing NII and NIM, with consistent spreads and expected deposit rate reductions. Although buybacks are on hold, the company plans to resume them in 2025. The positive financial metrics and optimistic management outlook suggest a likely stock price increase, especially if the market cap is small, resulting in a 'Positive' sentiment rating.
