Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the 10 best banking stocks to buy according to hedge funds. On February 3, John Pancari from Evercore ISI resumed coverage of Huntington Bancshares Incorporated (NASDAQ:HBAN) with an Outperform rating and $21 price target, after the acquisition of Cadence Bank. This results in an upside potential of almost 23% at the current level. Huntington Bancshares Incorporated (HBAN) Fuels Confidence Through Its Acquisitive Strategy The analyst sees Huntin ...

Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates and intentions about future performance and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, and which may cause the actual results, performance or achievements of Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") or its wholly-owned banking subsidiary, Seacoast Nation ...

Core Insights - NVR, Inc. reported better-than-expected fourth-quarter 2025 results, with earnings and Homebuilding revenues exceeding the Zacks Consensus Estimate, although both metrics declined year-over-year [1][10] Financial Performance - Earnings per share were $121.54, surpassing the Zacks Consensus Estimate of $104.96 by 15.8%, but down 13% from $139.93 in the prior-year quarter [4] - Homebuilding revenues reached $2.635 billion, exceeding the consensus mark of $2.375 billion by 12%, while consolidated revenues totaled $2.713 billion, down 4.7% year-over-year [4] - Homebuilding segment revenues declined 5.2% year-over-year, with settlements down 8.3% to 5,668 units, although the average selling price (ASP) for settlements increased by 3.3% to $464,900 [5] Market Conditions - The housing market remains soft, with affordability challenges persisting amid macroeconomic uncertainty and inflationary pressures [2] - Backlog units fell year-over-year, indicating caution among homebuyers, but a slight improvement in net new orders (up 3.3% to 4,951 units) suggests some optimism [2][7] Margins and Costs - Gross margin contracted by 320 basis points year-over-year to 20.4%, primarily due to higher lot costs and pricing pressures [6] - Contract land deposit impairments totaled approximately $35.7 million, contributing to the margin decline [6] Mortgage Banking - Mortgage banking fees grew 19.3% year-over-year to $77.4 million, while closed loan production totaled $1.51 billion, down 11% year-over-year [8] - The capture rate in the fourth quarter was 84%, down from 86% in the previous year [8] Yearly Overview - For the full year 2025, Homebuilding revenues were down 1.9% year-over-year to $10.09 billion, with earnings per share of $436.55, a decrease of 13.8% [9]

Financial Data and Key Metrics Changes - In Q4 2025, the company reported net income of $99.5 million, or $0.46 per diluted share, with operating earnings increasing by 28% to $94.7 million [12][13] - Operating return on assets (ROA) improved to 130 basis points, up 24 basis points year-over-year, while return on average tangible common equity rose to 13.8% from 11.3% [14] - The net interest income for Q4 was $237.4 million, an increase of $37.2 million from Q3, driven by margin improvement [14][15] Business Line Data and Key Metrics Changes - Total loans grew by $1 billion, or 5.6%, for the full year, primarily due to strong commercial lending results [9] - Wealth assets reached a record high of $10.1 billion at year-end, including $9.6 billion in assets under management, driven by market appreciation and positive net flows [9][16] - Non-interest income for Q4 was $46.1 million, an increase of $4.8 million from Q3, with mortgage banking income rising due to the addition of HarborOne's operations [15][16] Market Data and Key Metrics Changes - The company ended 2025 with total deposits of $25.5 billion, an increase of $4.4 billion, or 21% from Q3, largely due to the addition of HarborOne deposits [17] - Total loans increased by $4.7 billion, or 25% linked quarter, primarily due to the addition of HarborOne loans [19] - The company anticipates loan growth for 2026 to be in the range of 3%-5% and deposit growth of 1%-2% [29] Company Strategy and Development Direction - The company is focused on organic growth and returning capital to shareholders, stating it will not pursue any acquisitions in the foreseeable future [5][10] - Strategic investments in hiring talent have been emphasized as a key driver of growth, enhancing the company's competitive position [8] - The merger with HarborOne is seen as a significant milestone, strengthening the company's presence in key markets [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capture growth opportunities in larger markets, with a healthy balance sheet and strong capital ratios [7][10] - There are no significant concerns regarding credit metrics or trends in the marketplace, with management maintaining a conservative approach to provisions [40][41] - The company expects to manage its CET1 ratio towards the median of its peers, currently targeting around 12% [11][29] Other Important Information - The company repurchased 3.1 million shares for $55.4 million in Q4, representing 26% of the total authorization announced in October [10][21] - The allowance for loan losses increased to $332 million, or 144 basis points of total loans, reflecting the initial allowance established for acquired HarborOne loans [23] - The company anticipates a non-cash expense of approximately $8 million-$9 million per quarter related to the amortization of core deposit intangibles from the HarborOne merger [28] Q&A Session Summary Question: Margin outlook and deposit growth - Management indicated that the core margin is expected to remain relatively flat in the near term as the company focuses on growing deposits [32] Question: Provision outlook and credit landscape - The provision for 2026 is expected to be $30 million-$40 million, with management not seeing any material shifts in credit metrics [39][40] Question: Non-performing loans and resolution plans - Non-performing loans were primarily driven by HarborOne, with management confident in their ability to resolve these loans without the need for a bulk portfolio sale [50][52] Question: Fee income potential from mortgage banking - The company sees potential upside in fee income from HarborOne's mortgage banking business, particularly if interest rates decline [88] Question: Capital return strategy - Management reiterated their commitment to returning capital to shareholders through buybacks and dividends, while managing the CET1 ratio down to 12% [90][78]

Financial Data and Key Metrics Changes - In Q4 2025, the company reported net income of $99.5 million, or $0.46 per diluted share, with operating earnings increasing by 28% to $94.7 million, or $0.44 per diluted share [12][13] - Operating ROA improved to 130 basis points, up 24 basis points year-over-year, while return on average tangible common equity increased to 13.8% from 11.3% [14] - The net interest income for Q4 was $237.4 million, an increase of $37.2 million from Q3, driven by margin improvement [14][15] Business Line Data and Key Metrics Changes - Total loans grew by $1 billion, or 5.6%, for the full year, primarily due to strong commercial lending results [9] - Wealth assets reached a record high of $10.1 billion at year-end, including $9.6 billion in assets under management, driven by market appreciation and positive net flows [9][16] - Non-interest income for Q4 was $46.1 million, an increase of $4.8 million from Q3, with mortgage banking income rising to $3 million [15][16] Market Data and Key Metrics Changes - The company ended 2025 with total deposits of $25.5 billion, an increase of $4.4 billion, or 21% from Q3, largely due to the addition of HarborOne deposits [17] - Total loans increased by $4.7 billion, or 25% linked quarter, primarily due to the addition of HarborOne loans [19] - The CET1 ratio was reported at 13.2%, with expectations to manage it towards 12% [21][28] Company Strategy and Development Direction - The company is focused on organic growth and returning capital to shareholders, with no plans for acquisitions in the foreseeable future [5][10] - Strategic investments in hiring talent are seen as a key driver of growth, enhancing the company's competitive position [8] - The company aims to leverage its scale to invest in its franchise while maintaining a community-focused approach [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing growth opportunities in larger markets, with expectations for steady improvement in profitability metrics [7] - The company anticipates loan growth of 3%-5% and deposit growth of 1%-2% for 2026, with net interest income projected between $1.2-$1.5 billion [27][28] - Management noted that while there are no material shifts in credit metrics, a provision of $30-$40 million is expected for 2026 [37][38] Other Important Information - The company repurchased 3.1 million shares for $55.4 million in Q4, representing 26% of the total authorization announced in October [21] - The allowance for loan losses increased to $332 million, or 144 basis points of total loans, due to the initial allowance established for acquired HarborOne loans [23] - The company is focused on ensuring a smooth transition for customers and employees following the HarborOne merger [27] Q&A Session Summary Question: Margin outlook and growth - Management indicated that the core margin is expected to remain relatively flat in the near term, with potential expansion later in the year [31][32] Question: Provision outlook and credit landscape - The provision guidance of $30 million-$40 million is seen as conservative, with no significant concerns regarding credit trends [37][38] Question: Non-performing loans and resolution plans - Non-performing loans were primarily driven by HarborOne, with management confident in their ability to resolve these loans quickly [47][48] Question: Fee income and mortgage banking business - The company expects fee income from HarborOne's mortgage business to contribute 8%-10% of total fee income, benefiting from potential rate drops [85][86] Question: Capital management and buyback strategy - Management plans to manage the CET1 ratio down to 12% over time, focusing on buybacks and organic growth [88][89]

Financial Performance Highlights - Net income for Q4 2025 was $99.5 million[5, 12] - Operating net income* for Q4 2025 was $94.7 million[5, 12] - Diluted EPS was $0.46, while diluted operating EPS* was $0.44[5] - Net Interest Margin (NIM*) was 3.61%, and the total deposit cost was 1.59%[5] - Declared dividend of $0.13 per share[6] Balance Sheet and Capital Management - Book Value (BV) per share was $18.42, and Tangible Book Value (TBV) per share* was $12.90[6] - Repurchased 3.1 million shares of common stock for $55.4 million in Q4 2025, representing 26% of the authorized share repurchase program[8] - The company's Wealth assets reached a record high of $10.1 billion, including $9.6 billion of assets under management[10] Income Statement Analysis - Net interest income increased to $237.4 million in Q4 2025 from $200.2 million in Q3 2025[12] - Noninterest income was $46.1 million in Q4 2025[12] - Noninterest expense was $189.4 million in Q4 2025[12] - Operating net income increased by $20.6 million, or 28%, compared to the linked quarter[10] Asset Quality and Loan Portfolio - Non-performing loans increased by $103.1 million to $172.3 million, representing 0.75% of total loans, primarily due to the HarborOne merger[10] - Allowance for loan losses was $332 million, or 1.44% of total loans at year-end, compared to $233 million, or 1.26% at the end of Q3 2025[10] - Period-end loans increased by $4.7 billion, or 25%, linked quarter, primarily due to the addition of HarborOne loans[59] Deposits - Period-end deposits increased by $4.4 billion, or 21%, linked quarter, primarily due to the addition of $4.3 billion of HarborOne deposits[53] - Total deposits were $24.263 billion with a total deposit cost of 1.59%[27] Commercial Real Estate (CRE) Exposure - CRE portfolio totaled $9.5 billion, representing 40% of total loans[86] - Non-performing CRE loans were $121 million, or 1.3% of total CRE loans[86] HarborOne Merger - The deal value for the HarborOne merger was $550 million[94] - Expect annual cost savings of ~$55 million, or ~40%, mostly achieved by Q2 2026[94]

Core Themes - Wintrust demonstrated disciplined growth above most peers, achieving third position in deposit market share in the Chicago area during 2025, with strong gains in Wisconsin and West Michigan [1] - The company reported record net income of $223 million for Q4 2025, a 3% increase sequentially, attributed to solid loan and deposit growth, improved margins, stable credit quality, and controlled non-interest expenses [2] - Full-year 2025 net income reached $824 million, up 19% from $695 million in 2024, with earnings per diluted share increasing to $11.40 from $10.31, and tangible book value rising to nearly $89 [3][4] Financial Performance - Wintrust's total assets ended 2025 at just over $71 billion, with Q4 net income being a record at $223 million [3][4] - The company achieved an 11.2% growth in net revenue, outpacing non-interest expense growth by 340 basis points, while investing in technology and personnel [7] - Non-interest income for Q4 totaled $130.4 million, remaining flat compared to the prior quarter, impacted by lower securities gains and softness in mortgage revenue [10][11] Loan and Deposit Growth - Loans and deposits increased by approximately 11% and 10% for the year, respectively, with both categories rising about $1.0 billion in Q4 [6][8] - The net interest margin remained stable around 3.5%, supporting record net interest income, with a fourth-quarter margin of 3.54% [9][6] Credit Quality - Credit performance remained solid, with non-performing loans slightly increasing to $185.8 million, but still manageable, and net charge-offs decreasing to 17 basis points [14] - The company closely monitors commercial real estate, which constitutes about one-quarter of its total loan portfolio, with signs of stabilization in non-performing loans [14] 2026 Outlook - Management targets mid- to high-single-digit loan and deposit growth for 2026, with a stable net interest margin around 3.5% [5][15] - The company expects positive operating leverage, with expenses growing more slowly than revenues, and anticipates improvements in wealth management and service-based fee income [16][15] - An existing share repurchase authorization of over $200 million is in place, with a focus on organic growth as the main priority [17]

Core Viewpoint - M&T Bank Corporation reported strong financial performance for the fourth quarter and full year of 2025, with significant increases in net income and diluted earnings per share, alongside improvements in asset quality and operational efficiency [1][5]. Financial Performance - The company achieved a quarterly net income of $759 million, translating to diluted earnings of $4.67 per common share, and a full-year net income of $2.85 billion, or $17.00 per share, marking a 16% increase in diluted earnings per share year-over-year [1][44]. - For the fourth quarter of 2025, net interest income was $1.79 billion, up 1% from the previous quarter and 3% from the same quarter in 2024 [2][12]. - Noninterest income for the fourth quarter was $696 million, a decrease of 7% from the third quarter but an increase of 6% compared to the fourth quarter of 2024 [21][22]. Asset Quality - Nonaccrual loans decreased to $1.25 billion, down 17% from the previous quarter and 26% from the same quarter in 2024, indicating improved asset quality [20][45]. - The allowance for loan losses as a percentage of total loans declined to 1.53% at the end of 2025, reflecting a reduction in criticized loans [19][45]. Capital and Liquidity - The Common Equity Tier 1 (CET1) capital ratio was estimated at 10.84% as of December 31, 2025, remaining well above regulatory requirements [30][31]. - The company repurchased 2.7 million shares during the fourth quarter at an average cost of $183.30 per share, reflecting a commitment to returning capital to shareholders [32]. Operational Efficiency - The efficiency ratio improved to 55.1% in the fourth quarter of 2025, down from 56.8% in the same quarter of the previous year, indicating better cost management [2][44]. - Noninterest expenses for the full year increased by 2% to $5.49 billion, driven by higher salaries and employee benefits, but were partially offset by lower FDIC assessment expenses [28][27]. Dividend and Shareholder Returns - The company increased its quarterly dividend by 11% in 2025, reflecting a commitment to returning value to shareholders [7].

Core Viewpoint - Huntington Bancshares Incorporated (HBAN) is poised to report strong fourth-quarter results, with expectations of a significant year-over-year increase in adjusted earnings per share (EPS) and a positive outlook from analysts [2][3][6]. Financial Performance - For the fourth quarter, HBAN is expected to report an adjusted profit of $0.40 per share, reflecting a 17.7% increase from $0.34 per share in the same quarter last year [2]. - For the full fiscal year 2025, HBAN's adjusted EPS is projected to be $1.50, which is a 21% increase from $1.24 in 2024, with further growth expected in fiscal 2026 to $1.70 per share, a 13.3% year-over-year increase [3]. - The company's topline revenue for the recent quarter was $2 billion, marking a 13.8% year-over-year increase, while net income surged 25.2% year-over-year to $602 million, exceeding analysts' expectations [6]. Stock Performance - Over the past three months, HBAN's stock prices have increased by 10.6%, although this is lower than the S&P 500 Index's 15.4% rise and the Financial Services Select Sector SPDR Fund's 14.5% returns during the same period [4]. - Following the release of its Q3 results, HBAN's stock saw a slight uptick, supported by a 7.6% year-over-year growth in interest on loans and leases to $2.1 billion, and a 1.7% increase in overall interest income to $2.6 billion [5]. Analyst Sentiment - Analysts maintain a positive outlook on HBAN, with a consensus "Moderate Buy" rating among 23 analysts, which includes 16 "Strong Buys," one "Moderate Buy," five "Holds," and one "Strong Sell" [6]. - The mean price target for HBAN is $19.89, indicating a potential upside of 13.1% from current price levels [6].

Core Insights - SB Financial Group, Inc. reported strong earnings for the third quarter of 2025, with net income of $4.0 million, a 71.9% increase year-over-year, and diluted earnings per share (DEPS) of $0.64, up 82.9% from the prior year [4][6][17] Financial Performance - Operating revenue for Q3 2025 was $16.6 million, a 15.9% increase from $14.3 million in Q3 2024 [4][7] - Net interest income rose to $12.3 million, reflecting a 21.1% increase from $10.2 million in the prior-year quarter, driven by sustained loan growth [5][6] - Noninterest income increased by 2.9% year-over-year to $4.2 million, primarily due to higher mortgage loan servicing fees and other noninterest income [10][11] - Total loans increased by $80.6 million, or 7.8%, compared to the prior year, with organic loan growth of $62.7 million [5][14] - Total deposits grew to $1.26 billion, an increase of $103.0 million or 8.9% year-over-year [15][19] Balance Sheet Highlights - As of September 30, 2025, total assets were reported at $1.50 billion, with a loan portfolio of $1.11 billion, marking a 7.8% increase year-over-year [14][29] - Shareholders' equity increased to $137.0 million, reflecting a $4.1 million rise from the prior year [15][29] Asset Quality - Nonperforming assets totaled $4.9 million, representing 0.32% of total assets, a decrease from 0.40% in the prior year [20][21] - The allowance for credit losses was strong at 1.44% of total loans, providing 345.4% coverage of non-performing loans [21][22] Mortgage Banking - Net mortgage banking revenue for Q3 2025 reached $1.5 million, up $136,000 from the prior-year quarter [8][9] - Mortgage originations totaled $67.6 million, while mortgage sales were $66.4 million [9] Management Commentary - The CEO highlighted the company's commitment to disciplined expense management and balanced revenue growth, emphasizing the strength of client relationships and the resiliency of the business model [7][17]