Huntington Bancshares Stock Earnings Reports

Huntington reported a strong Q1 2026 driven by organic growth and contributions from recent partnerships (Veritex, Cadence, Janney, TM Capital). Key financial highlights: adjusted EPS up 9% YoY ($0.37 adjusted), PPNR up 36% adjusted, tangible book value up 9% and consistent rolling 12-month ROTCE in the 16%–17% target range. Management raised the longer-term ROTCE target to 18%–19% for 2027 and reiterated a 2027 EPS target of $1.90–$1.93. Balance sheet strength is emphasized: very strong liquidity (available contingent liquidity ≈173% of uninsured deposits, unmodified LCR 118%), adjusted CET1 in the 9%–10% operating range, and reserves above peers with net charge-offs well below peer median. Operational progress: Veritex integration complete, Cadence conversion on track for June, Janney/TM Capital already accretive contributing to a record capital markets quarter. Guidance and outlook changes: NIM guidance for 2026 was lowered to the high 3.20s (from mid-3.30s), largely due to carrying ~ $4bn incremental Fed cash and modestly higher deposit cost / asset optimization; loan growth expectation nudged to the midpoint of the prior range. Management expects to offset lower NII with stronger fee revenue (raising fee growth guidance to 31%–33%) and tighter expense control (now targeting expense growth in the lower half of prior range and Q4 efficiency ratio in the mid- to low-54% range). Capital returns: increased 2026 repurchase plan to $550m and Board approved a new $3bn share repurchase authorization; ~$250m repurchased year-to-date. Credit: portfolio stable, NCOs 26 bps, criticized assets 4.3%, NPAs 72 bps. Overall message to investors: durable organic growth, disciplined integration executing on cost/revenue synergies, strong capital & liquidity enabling continued share repurchases and reinvestment, with management confident in meeting 2027 targets though 2026 NIM will be lower than prior expectations.