Huntington Bancshares Slumps on Lowered Net Interest Income Forecast

Key Takeaways Huntington Bancshares (HBAN) was the worst-performing stock in the S&P 500 in intraday trading on Monday after the regional lender said it expects net interest income to decline in 2024. Forecast Change Driven by Lower Loan Growth, Higher Funding Costs Huntington simultaneously lowered the top end of its forecast loan growth range to 4% from 5%. It also expects to end the year with higher deposit growth than previously forecast. Largest Banks Have More Diversified Revenue Streams Smaller lende ...