Huntington(HBAN)
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Huntington Q3 Earnings & Revenues Beat on Higher Fee Income, Lower NII
ZACKS· 2024-10-17 16:06
Huntington Bancshares Incorporated (HBAN) reported third-quarter 2024 adjusted earnings per share (EPS) of 33 cents, which surpassed the Zacks Consensus Estimate of 30 cents. In the prior-year quarter, the company reported EPS of 35 cents. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Shares of the company lost 4.2% in the pre-market trading despite the earnings beat. However, a full day's trading session will depict a clearer picture. Results have reflected improvements in fee i ...
Huntington Bancshares (HBAN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-10-17 14:36
Huntington Bancshares (HBAN) reported $1.89 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.1%. EPS of $0.33 for the same period compares to $0.36 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.86 billion, representing a surprise of +1.64%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $0.30. While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...
Huntington Bancshares (HBAN) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-17 13:15
Huntington Bancshares (HBAN) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this regional bank holding company would post earnings of $0.28 per share when it actually produced earnings of $0.30, delivering a surprise of 7.14%. Over the last f ...
Huntington(HBAN) - 2024 Q3 - Quarterly Results
2024-10-17 11:01
Exhibit 99.2 HUNTINGTON BANCSHARES INCORPORATED Quarterly Financial Supplement September 30, 2024 Table of Contents Quarterly Key Statistics 1 Year to Date Key Statistics 2 Consolidated Balance Sheets 4 Loans and Leases Composition 5 Deposits Composition 6 Consolidated Quarterly Average Balance Sheets 7 Consolidated Quarterly Net Interest Margin - Interest Income / Expense 8 Consolidated Quarterly Net Interest Margin - Yield 9 Selected Quarterly Income Statement Data 10 Quarterly Mortgage Banking Noninteres ...
HUNTINGTON BANCSHARES INCORPORATED REPORTS 2024 THIRD-QUARTER EARNINGS
Prnewswire· 2024-10-17 11:00
Q3 Results Highlighted by Sequential Expansion of Net Interest Income and Fee Revenues, Sustained Loan and Deposit Growth, and Strong Credit Quality 2024 Third-Quarter Highlights: Earnings per common share (EPS) for the quarter were $0.33, higher by $0.03 from the prior quarter, and lower by $0.02 from the year-ago quarter. Net interest income increased $39 million, or 3%, from the prior quarter, and decreased $17 million, or 1%, from the year-ago quarter. Noninterest income increased $32 million, or 7%, fr ...
Higher Costs to Hurt Huntington Bancshares' Q3 Earnings, NII to Aid
ZACKS· 2024-10-14 15:26
Huntington Bancshares Incorporated (HBAN) is slated to report third-quarter 2024 results results on Oct. 17, before the opening bell. The company's quarterly revenues and earnings are expected to have declined year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, the bank recorded a positive earnings surprise of 7.14%. Results have reflected improvements in average loans and deposits. However, a fall in net interest income (NII) and elevated ...
Unlocking Q3 Potential of Huntington Bancshares (HBAN): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2024-10-14 14:22
The upcoming report from Huntington Bancshares (HBAN) is expected to reveal quarterly earnings of $0.30 per share, indicating a decline of 16.7% compared to the year-ago period. Analysts forecast revenues of $1.86 billion, representing a decrease of 1.7% year over year. Over the last 30 days, there has been a downward revision of 1.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over t ...
Huntington Bancshares Incorporated Announces Third Quarter 2024 Earnings Call Details & Updated Schedule of 2025 Earnings Release Dates
Prnewswire· 2024-10-10 13:28
COLUMBUS, Ohio, Oct. 10, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will release third quarter 2024 financial results prior to the market opening on Thursday, October 17, 2024. 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 Information The third quarter ...
Huntington Bancshares Incorporated Decreases Its Prime Rate To 8 Percent
Prnewswire· 2024-09-18 21:00
COLUMBUS, Ohio, Sept. 18, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is decreasing from 8.5 percent to 8 percent, effective September 19, 2024. Huntington's rate last changed on July 27, 2023, increasing from 8.25 percent to 8.5 percent. About Huntington Huntington Bancshares Incorporated is a $196 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide cons ...
HBAN vs. CBSH: Which Stock Is the Better Value Option?
ZACKS· 2024-09-17 16:41
Investors interested in stocks from the Banks - Midwest sector have probably already heard of Huntington Bancshares (HBAN) and Commerce Bancshares (CBSH) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven s ...