The market expects Huntington Bancshares (HBAN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for t ...

COLUMBUS, Ohio, Jan. 10, 2025 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will release third quarter 2024 financial results prior to the market opening on Friday, January 17, 2025. A news release and supporting financial data will be available at that time on the Investor Relations section of the company's website (www.huntington-ir.com).The Company will host a conference call to review quarterly financial results at 9 a.m. ET.Conference Call / Webcast InformationThe fourth quarter 202 ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Huntington Bancshares (HBAN) . This company, which is in the Zacks Banks - Midwest industry, shows potential for another earnings beat.This regional bank holding company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was ...

COLUMBUS, Ohio, Dec. 18, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is decreasing from 7.75 percent to 7.5 percent, effective December 19, 2024. Huntington's rate last changed on November 8, 2024, decreasing from 8 percent to 7.75 percent. About HuntingtonHuntington Bancshares Incorporated is a $201 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide con ...

Finance stocks, in general, and bank stocks, in particular, are not the most exciting investments. But in the last two years, they’ve been mostly dreadful. In 2023, higher interest rates caused several small banks to collapse. For much of 2024, a cloud of regulation, known as Basil III Endgame, hung over the industry and weighed down many stocks that were already struggling with a tough lending environment. But there are signs that 2025 will be a better year for banks. While that bodes well for a blue-chip ...

COLUMBUS, Ohio, Nov. 7, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is decreasing from 8 percent to 7.75 percent, effective November 8, 2024.Huntington's rate last changed on September 19, 2024, decreasing from 8.5 percent to 8 percent.About HuntingtonHuntington Bancshares Incorporated is a $201 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Huntington Bancshares Incorporated (Exact name of registrant as specified in its charter) Maryland 1-34073 31-0724920 (State or other jurisdiction of incorporation ...

Shares of Huntington Bancshares (NASDAQ: HBAN ) have been a very strong performer over the past year, gaining over 62% given the bank’s impressive deposit franchise and solid credit underwriting. Shares did trade modestly lower in response to Q3 results, particularly due to disappointing guidanceOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specifi ...

COLUMBUS, Ohio, Oct. 24, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will participate in the 2024 BancAnalysts Association of Boston Conference on Thursday, November 7, 2024.  Zach Wasserman, chief financial officer, is scheduled to present to analysts and investors at 2:15 PM (Eastern Time). He will discuss business trends, financial performance, and strategic initiatives. The presentation will include forward-looking statements.Webcast InformationInterested investors may access ...

Financial Data and Key Metrics - Q3 earnings per common share reported at $0 33 with no impact from notable items [10] - Return on tangible common equity (ROTCE) at 16 2% adjusted for notable items [10] - Pre-provision net revenue (PPNR) increased by 8 3% driven by net interest income growth of 2 9% and fee revenue growth of 6 5% [10] - Average loan balances increased by $3 7 billion or 3 1% year-over-year [10] - Average deposits grew by $8 3 billion or 5 6% year-over-year [10] - Net charge-offs remained stable at 30 basis points with allowance for credit losses at 1 93% [10] - Adjusted CET1 ratio increased to 8 9% up 30 basis points from last quarter [10] - Tangible book value per share increased by 21 5% year-over-year [10] Business Line Data and Key Metrics - Loan growth accelerated with average balances up 3% year-over-year and end-of-period loans increasing at a 6 3% annualized rate [5] - Fee revenue strategies delivered GAAP fee income growth of 3% year-over-year with core fee revenues up 12% driven by payments wealth management and capital markets [5] - Consumer primary bank relationships (PBRs) increased by 2% and business banking PBRs increased by 4% year-over-year [6] - Merchant acquiring business completed final testing in September and launched commercially in October expected to add 1 percentage point to overall fee revenue growth [7] - Regional Banking group posted record loan production ex-PPP in Q3 with late-stage commercial pipelines up 68% year-over-year [8] - Wealth management revenue grew 18% year-over-year with advisory relationships up 7% and assets under management up 22% [22] - Capital markets revenue increased by $26 million or 50% year-over-year to $78 million [22] Market Data and Key Metrics - Full franchise and branch expansion into the Carolinas announced with results tracking better than initial business case [6] - Deposit growth outpaced peers with cumulative growth of 7 1% since early 2023 [15] - Net interest income increased by $39 million or 2 9% to $1 364 billion with net interest margin at 2 98% [16] - Cash and securities as a percentage of total average assets expected to remain at approximately 28% [18] - Asset sensitivity reduced by more than one-third in Q3 with further reductions expected by year-end 2024 and mid-2025 [19] Strategy and Industry Competition - Company is driving accelerated loan growth and sustained deposit growth supported by core businesses and new initiatives [4] - Actively executing down beta playbook in anticipation of declining Fed rate cycle with dynamic balance sheet management [4] - Focus on increasing fee revenues across payments wealth management and capital markets [4] - Disciplined credit management with stable net charge-offs and improved non-performing and criticized assets [4] - Investments in organic growth including expansion into new geographies and verticals [6] - Merchant acquiring business expected to significantly contribute to fee revenue growth [7] - Continued focus on expense management while investing in revenue-producing initiatives [9] Management Commentary on Operating Environment and Outlook - Management expressed confidence in sustaining organic growth outlook into 2025 [9] - Credit trends remain strong with disciplined client selection and sound fundamentals from commercial customers [8] - Robust production levels in September carried momentum into Q4 [8] - Expect record net interest income in 2025 based on current rate curve expectations [17] - Continued focus on driving capital ratios higher while funding high-return loan growth [24] - Full-year outlook remains unchanged with accelerating loan and deposit growth expected in Q4 [25] Other Important Information - Company announced full franchise and branch expansion into the Carolinas [6] - Merchant acquiring business completed final testing in September and launched commercially in October [7] - Investor Day scheduled for February 6 2025 [61] Q&A Session Summary Question: Q4 NII guidance implies flat to slightly down versus Q3 What is driving this? - Timing difference between floating rate asset yields coming down and deposit costs coming down with positive run rate benefit expected by end of Q4 [27] Question: Deposit growth continues to outpace loans Why not pay down higher-cost CDs? - Plan to leverage strong deposit growth to drive down beta and decelerate deposit growth while accelerating loan growth [28][29] Question: Clarification on NII growth trajectory and sensitivity to rate cuts - Expect NIM to rise throughout 2025 with record NII dollars driven by robust loan growth and NIM expansion [32][33] - Less rate cuts would be positive for NIM and NII in the short term while more rate cuts could benefit down rate deposit pricing in the long term [36][37] Question: Deposit growth strategy in Carolinas and beyond - Consumer deposit growth has been strong with commercial deposits accelerating particularly in mortgage service vertical [38] Question: Q4 NII expectations and merchant acquiring revenue impact - Q4 NII expected to be $15 million to $25 million lower sequentially with merchant acquiring expected to add $25 million in revenue next year [41][43] Question: Consensus expectations for Q4 2025 NII growth - Directionally correct with NIM expected to rise above 3% in H2 2025 and loan growth sustained at 6% annualized pace [45] Question: Expense run rate outlook for 2025 - Plan to drive positive operating leverage with continued focus on efficiency and investment in revenue-producing initiatives [46] Question: Fee revenue outperformance in Q3 - Primarily driven by capital markets with strong outlook for Q4 particularly in capital markets and payments [49] Question: Credit risk transfer (CRT) strategy going forward - CRT transactions viewed as tactical and opportunistic with focus on core organic earnings and strong return on capital [50][51] Question: Auto business trends and credit outlook - Auto production stepped up in Q3 with stable credit trends and disciplined customer selection [52][53][55] Question: Hedge program adjustments and future plans - Dynamic management of asset sensitivity with forward-starting receivers added to drive sensitivity lower [58][59]