Huntington Bancshares Stock Earnings Reports

Huntington reported a strong Q1 2026 driven by organic growth and contributions from recent partnerships. Adjusted EPS was $0.37 (up 9% YoY) with adjusted PPNR up 36% and tangible book value up 9%. Core loan and deposit growth remained solid (organic loan growth ex-Cadence +1.5% QoQ; core deposits ex-Cadence +2.3% QoQ) while NIM expanded modestly in Q1 but full-year NIM guidance was lowered to the high 3.20% range (from mid-3.30s) largely due to a planned ~$4B increase in Fed cash and slightly slower loan growth/asset optimization. Fee income was a standout, prompting management to raise fee revenue growth guidance to 31–33% for 2026; capital markets, payments and wealth all performed notably well. Expense discipline continues: management tightened 2026 expense-growth guidance to the lower half of 32.5–33.5% and expects Q4 efficiency in the mid- to low-54% range as Veritex and Cadence synergies ramp. The company reiterated its 2027 targets — EPS $1.90–$1.93 and ROTCE 18–19% — and said it is on track to achieve them. Balance sheet and liquidity are emphasized as strengths (available contingent liquidity ≈173% of uninsured deposits; LCR 118%; adjusted CET1 within 9–10% operating range). Management expects Basel III Endgame to be constructive (management estimate: ~7.5–8% RWA reduction, ~80 bps reported CET1 benefit). Capital return remains a priority: $150M repurchased in Q1, year-to-date >$250M, $550M repurchase planned for 2026, and a new $3B share repurchase authorization approved. Credit metrics remained stable (NCOs 26 bps, criticized assets 4.3%, NPAs 72 bps); management is watching commercial real estate/construction and plans gradual portfolio optimization there. Overall, Huntington highlights a resilient, diversified operating model, integration progress on recent deals, strong fee momentum, continued expense discipline and clear targets for improved returns in 2027.