HBAN

It has been about a month since the last earnings report for UMB Financial (UMBF). Shares have lost about 3.3% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is UMB due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for UMB Financial Corporation before we dive into how investors and analysts have reacted as of late. UMB Financial reported second-quarter 2026 adjusted operating earnings per share of $3.57, beating the Zacks Consensus Estimate of $3.08. The bottom line also increased from $2.96 in the year-ago quarter. The company delivered a strong quarterly performance, supported by solid growth in net interest income, higher non-interest income and continued loan growth. Improved efficiency and strong credit quality further supported the results. Results include certain non-recurring items. After considering those, net income (GAAP basis) available to common shareholders was $271.8 million in the second quarter, up 26.2% from the year-ago quarter. Revenues & Expenses Rise Quarterly revenues were $786.9 million, rising 14.2% year over year. The metric beat the Zacks Consensus Estimate by 8.4%. NII was $532.5 million, up 14% from the prior-year quarter. On a fully-taxable-equivalent basis, the net interest margin was 3.32%, up 22 basis points year over year. The increase was primarily driven by favorable deposit repricing following lower short-term interest rates and growth in average loans and securities. Non-interest income was $245.5 million, up 10.5% year over year. The increase was primarily driven by higher trust and securities processing income, other income, and brokerage income. These increases were partially offset by lower investment securities gains. Non-interest expenses were $399.6 million, up 1.6% year over year. Second-quarter 2026 expenses included $1.7 million in total acquisition-related and other non-recurring costs. Operating non-interest expenses (adjusted basis) were $398 million, up 4.7% year over year. The efficiency ratio declined to 48.4% from the prior-year quarter’s 53.4%. A decline in the efficiency ratio indicates an increase in profitability. Loans & Deposit Balances Rise Average loans for the second quarter were $40.6 billion, up 3.2% sequentially and 11.6% from the prior-year quarter. End-of-period loans stood at $41.1 billion as of June 30, 2026. Average deposits remained flat sequentially and increased 3.5% year over year to $57.6 billion. Average interest-bearing deposits increased 3.9%, while non-interest-bearing demand deposit balances rose 2.1% from the prior-year quarter. Credit Quality Deteriorates Net charge-offs totaled $15.9 million, or 0.16% of average loans, compared with $15.5 million, or 0.17%, in the year-ago quarter. Total non-accrual and restructured loans were $127.5 million compared with $97 million in the year-ago quarter. The provision for credit losses was $28 million in the second quarter of 2026, up from $21 million in the prior-year quarter. Capital Ratios Improve As of June 30, 2026, the Tier 1 risk-based capital ratio was 12.02% compared with 11.24% as of June 30, 2025. The Tier 1 leverage ratio was 9.11% compared with 8.34% in the year-ago quarter. The total risk-based capital ratio was 13.80%, up from 13.46% a year ago. In the second quarter of 2026, the company repurchased 38,158 common shares at a weighted average price of $132.10 for a total repurchase of $5 million. Profitability Ratios Improve Return on average assets at the second-quarter end was 1.55% compared with the year-ago quarter’s 1.29%. Return on average common equity was 14.16% compared with 12.72% in the year-ago quarter. Third Quarter 2026 Core net interest margin is expected to remain relatively flat from the second quarter adjusted level of 3.09%. Operating noninterest expense is expected to be approximately $390 million. Management expects deposit pipelines to remain healthy, although the deposit environment is expected to face seasonal pressure in the third quarter. Loan growth pipelines are expected to remain strong, led by C&I lending across the company’s footprint. 2026 The effective tax rate is expected to remain between 20% and 22%. Management expects positive operating leverage for 2026, even as contractual purchase accounting accretion is expected to be approximately $46 million for the remainder of the year. It turns out, estimates revision have trended upward during the past month. Currently, UMB has a average Growth Score of C, however its Momentum Score is doing a bit better with a B. Following the exact same course, the stock was allocated a score of B on the value side, putting it in the top 40% for value investors. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, UMB has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. UMB belongs to the Zacks Banks - Midwest industry. Another stock from the same industry, Huntington Bancshares (HBAN), has gained 1.2% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. Huntington Bancshares reported revenues of $2.86 billion in the last reported quarter, representing a year-over-year change of +42%. EPS of $0.39 for the same period compares with $0.38 a year ago. Huntington Bancshares is expected to post earnings of $0.40 per share for the current quarter, representing no change from the year-ago quarter. Over the last 30 days, the Zacks Consensus Estimate has changed -1.2%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Huntington Bancshares. Also, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UMB Financial Corporation (UMBF) : Free Stock Analysis Report Huntington Bancshares Incorporated (HBAN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Huntington Bancshares (HBAN) just released a cluster of updates that matter for income focused investors. The bank affirmed its common dividend, declared several preferred dividends, reported second quarter results, and completed a buyback tranche. See our latest analysis for Huntington Bancshares. The recent dividend affirmations, higher net charge offs and second quarter earnings update have come as Huntington Bancshares’ share price has eased, with a 7 day share price return of down 7.83% and a year to date share price return of down 3.66%, while the 1 year total shareholder return is 5.38% and the 5 year total shareholder return is 47.31%. Together, these figures point to softer short term momentum but a stronger longer term record. If this mix of income and longer term gains interests you, it can be useful to see how other companies stack up. Take a look at the solid balance sheet and fundamentals stocks screener (48 results) Huntington Bancshares now trades at a clear discount to both analyst targets and some intrinsic value estimates after this pullback. Is that a genuine opportunity, or is the market rightly cautious given rising net charge offs? The most followed narrative currently places Huntington Bancshares’ fair value at $20.34 per share, compared with the recent $16.84 close. This implies a meaningful valuation gap based on that framework. Read the complete narrative. Want to understand what kind of revenue path, margin profile and future earnings multiple would justify that fair value gap? The full narrative lays out the detailed roadmap behind those assumptions and how they tie back to Huntington Bancshares’ current price. Result: Fair Value of $20.34 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Huntington Bancshares still faces meaningful risks, including execution challenges around acquisitions like Veritex and potential pressure on margins if funding or regulatory costs rise. Find out about the key risks to this Huntington Bancshares narrative. The earlier narrative leans on forward-looking analyst assumptions and fair value estimates. The SWS DCF model takes a different route and values Huntington Bancshares at $33.15 per share based on projected future cash flows. That is a large gap to the recent $16.84 price. Does that signal mispricing or just very optimistic inputs? Look into how the SWS DCF model arrives at its fair value. With sentiment on Huntington Bancshares clearly mixed, with both risks and rewards in focus, it makes sense to review the details for yourself and move quickly to shape your own view by checking the 4 key rewards and 2 important warning signs. Do not stop at Huntington Bancshares alone. Broaden your watchlist with a few focused stock ideas that match different goals and risk levels using the Simply Wall St Screener. Target potential mispricing by running through 49 high quality undervalued stocks that pair strong fundamentals with price tags that still look conservative on several metrics. Strengthen your income stream by reviewing 9 dividend fortresses that aim for higher yields alongside balance sheets that can support regular payouts. Dial back risk while staying invested by focusing on 85 resilient stocks with low risk scores that screen for resilient financial profiles and steadier trading patterns. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include HBAN. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Huntington Bancshares recently reported its second-quarter 2026 results, showing higher net interest income of US$2,052 million and net income of US$727 million year over year, while also disclosing increased net charge-offs of US$119 million. Alongside these results, the board maintained the common dividend at US$0.155 per share, approved several preferred dividends, and completed a US$59 million share repurchase, underscoring its current capital return approach. We’ll now explore how the stronger net interest income but higher net charge-offs could influence Huntington Bancshares’ pre-existing investment narrative. Outshine the giants: these 16 early-stage AI stocks could fund your retirement. To own Huntington Bancshares, you generally need to be comfortable with a regional bank leaning on interest income, expansion into faster growing markets, and ongoing efficiency efforts. The latest quarter’s higher net interest income supports that income-focused view, while the jump in net charge-offs highlights credit quality as the key near term risk; the headline earnings growth does not materially change that balance of catalyst versus risk right now. The board’s decision to maintain the common dividend at US$0.155 per share and continue preferred dividends is the most relevant announcement here, because it sits alongside increased net charge-offs and share buybacks as part of Huntington’s broader capital return approach, which many investors watch closely when weighing the appeal of its expansion and digital investment plans. Yet investors should also be aware that rising net charge-offs could start to pressure returns if... Read the full narrative on Huntington Bancshares (it's free!) Huntington Bancshares' narrative projects $14.5 billion revenue and $3.7 billion earnings by 2029. This requires 20.5% yearly revenue growth and a $1.6 billion earnings increase from $2.1 billion today. Uncover how Huntington Bancshares' forecasts yield a $20.34 fair value, a 21% upside to its current price. Two fair value estimates from the Simply Wall St Community span roughly US$20.34 to US$33.15 per share, showing how far apart individual views can be. When you set those against rising net charge-offs and Huntington’s focus on interest income, it underlines why many readers may want to compare several different opinions before forming a view on the bank’s prospects. Explore 2 other fair value estimates on Huntington Bancshares - why the stock might be worth just $20.34! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your Huntington Bancshares research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision. Our free Huntington Bancshares research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Huntington Bancshares' overall financial health at a glance. Our daily scans reveal stocks with breakout potential. Don't miss this chance: Invest in the nuclear renaissance through our list of 90 elite nuclear energy infrastructure plays powering the global AI revolution. The future of work is here. Discover the 34 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. Find 49 companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include HBAN. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management characterizes the current period as a strategic inflection point, having completed the Cadence systems conversion just 235 days after announcement. The bank has successfully repositioned into high-growth markets in Texas and the South, which now serve as a springboard for long-term organic growth. Performance was driven by peer-leading organic loan and deposit growth, with commercial demand described as broad-based across the footprint. Management attributes revenue momentum to three core pillars: organic loan expansion, deposit growth outpacing loans, and sustained investment in value-added fee services. Strategic discipline led to a intentional reduction in auto production and commercial real estate balances to prioritize higher-return asset classes. The company achieved 210 basis points of positive operating leverage over the past year through a combination of synergy realization and core expense re-engineering. Management reaffirmed its 2027 ROTCE target of 18%-19% and an earnings objective of $1.90-$1.93 per share. The fourth quarter of 2026 is expected to serve as a 'clean' launch point for 2027, reflecting the full run-rate of $435 million in combined partnership cost synergies. Net interest margin (NIM) is expected to expand from a Q2 trough, driven by fixed asset repricing and the release of excess liquidity. Guidance for 2026 net interest income was adjusted to the bottom end of the range or modestly below, reflecting incremental pressure on funding costs and a shifting rate environment. The bank plans to repurchase an additional $1.1 billion to $1.2 billion in shares during 2027, supported by robust capital generation. The Cadence conversion involved transitioning 4,500 colleagues and onboarding hundreds of thousands of customers to Huntington platforms. Management noted that non-performing assets (NPAs) remain elevated due to increases in government-guaranteed loan categories with virtually no loss content, as well as downgrades of select commercial credits. The bank is delivering on a baseline expense reduction of 1.6% for 2026, exceeding its long-term annual target of 1%. Credit performance remains at the low end of the guided range, with net charge-offs expected to stay in the lower half of the 25-35 basis point range. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management cited the primary driver as higher deposit costs and a competitive pricing environment, alongside a shift in rate expectations from cuts to potential hikes. They emphasized that while NII may be at the low end, fee income is tracking toward the high end or above, keeping total revenue growth on target. Growth is supported by a 30% organic increase in value-added fees, led by capital markets, wealth management, and payments. Management noted that they have nearly doubled the percentage of customers using wealth services over the last several years. Huntington has moved from outside the top 400 banks in Texas to the top eight, now employing 955 revenue-producing colleagues in the state. The bank has identified nearly $1 billion in new client commitments across the Cadence footprint, including over $500 million in energy and commercial real estate and approximately $440 million in auto floorplan pipelines. Management described the pricing environment as competitive but rational, with the Midwest remaining the most competitive region. The bank is utilizing 56 different rate regions to optimize pricing at a granular local level rather than applying broad national changes.

Huntington Bancshares (HBAN) came out with quarterly earnings of $0.39 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this regional bank holding company would post earnings of $0.36 per share when it actually produced earnings of $0.37, delivering a surprise of +2.78%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Huntington Bancshares, which belongs to the Zacks Banks - Midwest industry, posted revenues of $2.86 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.22%. This compares to year-ago revenues of $2.01 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Huntington Bancshares shares have added about 5.3% since the beginning of the year versus the S&P 500's gain of 9.6%. While Huntington Bancshares has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Huntington Bancshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.42 on $2.94 billion in revenues for the coming quarter and $1.62 on $11.38 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, First Busey (BUSE), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 28. This bank holding company is expected to post quarterly earnings of $0.65 per share in its upcoming report, which represents a year-over-year change of +3.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. First Busey's revenues are expected to be $197.4 million, down 0.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Huntington Bancshares Incorporated (HBAN) : Free Stock Analysis Report First Busey Corporation (BUSE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Huntington Bancshares (HBAN) reported $2.86 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 42%. EPS of $0.39 for the same period compares to $0.38 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.85 billion, representing a surprise of +0.22%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.39. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Huntington Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 61.5% versus the two-analyst average estimate of 57.9%. Regulatory Tier 1 risk-based capital ratio: 11.3% versus 11.6% estimated by two analysts on average. Net charge-offs / Average total loans and leases: 0.3% versus 0.3% estimated by two analysts on average. Average Balance - Total earning assets: $258.6 billion compared to the $262.14 billion average estimate based on two analysts. Net Interest Margin (FTE): 3.2% versus the two-analyst average estimate of 3.2%. Tier 1 Leverage Ratio: 8.8% versus 8.8% estimated by two analysts on average. Wealth and asset management revenue: $134 million versus the two-analyst average estimate of $127 million. Customer deposit and loan fees: $128 million versus $118.01 million estimated by two analysts on average. Payments and cash management revenue: $204 million versus the two-analyst average estimate of $199.32 million. Net interest income - FTE: $2.07 billion versus the two-analyst average estimate of $2.11 billion. Mortgage banking income: $53 million versus $42.08 million estimated by two analysts on average. Capital markets and advisory fees: $140 million versus $137.46 million estimated by two analysts on average. View all Key Company Metrics for Huntington Bancshares here>>> Shares of Huntington Bancshares have returned +3.9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Huntington Bancshares Incorporated (HBAN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

COLUMBUS, Ohio, July 23, 2026 /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors ("Board") declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.155 per common share, unchanged from the prior quarter. The common stock cash dividend is payable October 1, 2026, to shareholders of record on September 17, 2026. The Board also declared quarterly cash dividends on the following six series of its preferred stock payable October 15, 2026, to their respective shareholders of record on October 1, 2026: A quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $16.78632394 per share (equivalent to $0.4196581 per depositary receipt share). A quarterly cash dividend on its 5.625% Series F Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of $1,406.25 per share (equivalent to $14.0625 per depositary share). A quarterly cash dividend on its 4.450% Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AV6) of $1,112.50 per share (equivalent to $11.1250 per depositary share). A quarterly cash dividend on its 4.5% Series H Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANP) of $11.25 per share (equivalent to $0.28125 per depositary share). A quarterly cash dividend on its 6.875% Series J Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANL) of $17.19 per share (equivalent to $0.42975 per depositary share). A quarterly cash dividend on its 6.25% Series K Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150BG8) of $1,562.50 per share (equivalent to $15.625 per depositary share). Lastly, the Board declared a quarterly cash dividend on the company's 5.50% Series L Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANZ) of $343.75 per share (equivalent to $0.34375 per depositary share) payable November 20, 2026, to shareholders of record on November 5, 2026. About Huntington Huntington Bancshares Incorporated is a $284 billion asset regional bank holding company headquartered in Columbus, Ohio. A top 10 U.S. commercial bank, the Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Founded in 1866, Huntington operates over 1,400 branches in 21 states, with certain businesses operating nationally. Visit Huntington.com for more information. View original content to download multimedia:https://www.prnewswire.com/news-releases/huntington-bancshares-incorporated-declares-quarterly-cash-dividends-on-its-common-and-preferred-stocks-302833647.html

This article first appeared on GuruFocus. Net Interest Income: Increased 8.5% sequentially to $2.1 billion. Adjusted PPNR: Increased 12% quarter-over-quarter. Value-Added Fee Revenues: Increased 15% sequentially. Average Loans: Increased $15 billion or 8.6% sequentially. Average Deposits: Increased $18.8 billion or 9.2% sequentially. Net Interest Margin (NIM): Increased 10 basis points year-over-year, declined 3 basis points sequentially. Noninterest Expense: $1.8 billion, up $35 million from the prior quarter. Return on Tangible Common Equity (ROTCE): 17.5% in Q2. Share Repurchases: $310 million completed year-to-date, with plans for $550 million in 2026. Net Charge-Offs: Expected to be in the lower half of the 25 to 35 basis point range. Warning! GuruFocus has detected 7 Warning Signs with HBAN. Is HBAN fairly valued? Test your thesis with our free DCF calculator. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Huntington Bancshares Inc (NASDAQ:HBAN) reported strong organic growth, expanding revenue, and profitability in the second quarter. The successful completion of the Cadence systems conversion was achieved, reflecting exceptional preparation and execution. The company is strategically positioned for long-term growth with substantial operating scale across regions and capabilities. Huntington Bancshares Inc (NASDAQ:HBAN) is delivering on commitments for partner cost and revenue synergies. The company has a strong capital position, supporting organic growth, a solid dividend yield, and increased capital return through share repurchases. The stock opened down 5% due to concerns about the net interest income outlook being at the low end or below expectations. Incremental pressure on deposit costs is affecting the net interest income outlook. There is a competitive environment for deposits, which may impact deposit cost optimization efforts. The company experienced slower organic loan growth in the quarter, partly due to reduced auto production. The net interest margin declined sequentially, reflecting higher funding costs and the full quarter impact of the Cadence balance sheet. Q: The stock opened down 5%, and the Street is concerned about your net interest income (NII) outlook being at the low end or below. Can you explain the dynamics affecting deposit costs and how you expect the margin to perform without a Fed rate hike? A: Zachary Wasserman, CFO, explained that the overall revenue outlook remains robust, with strong loan growth expected in the second half of the year. The NIM is expected to expand in the third and fourth quarters. While there is incremental pressure on deposit costs, the company is confident in its ability to drive volume growth and optimize the combined deposit base post-Cadence conversion. Q: Given the stock's low valuation, can you clarify the jumping-off point for the $1.90 to $1.93 EPS target for 2027? A: Wasserman stated that the expectations for growth into 2027 are unchanged, with a focus on achieving EPS of $1.90 to $1.93, ROTCE of 18% to 19%, and tangible book value per share growth of over 10%. The fourth quarter is expected to be strong, driven by cost synergies from Cadence and continued revenue growth. Q: What is tracking more negatively that drives you to the low end or below the low end of the NII guide? Is it deposit costs or loan spreads? A: Wasserman noted that the biggest change in the NII outlook is due to deposit costs and the pricing environment. The interest rate environment has shifted from expectations of rate cuts to potential hikes, impacting deposit competition. However, the company is dynamically optimizing its business to achieve overall revenue growth. Q: Can you talk about your confidence in the updated NII guide and that it will not be negatively revised again? A: Wasserman expressed confidence in achieving the NII guide due to dynamic operations, strong loan and deposit growth, and optimization opportunities within the combined deposit base. The focus is on overall revenue growth and returns, with a balanced approach to managing expenses and revenue synergies. Q: On the fee income guide, can you elaborate on your confidence in achieving the higher end or above? A: Wasserman highlighted strong performance in fee income, with organic growth accelerating to 30% year-over-year. Investments in payments, wealth management, and capital markets are driving sustainable double-digit growth. The company expects continued outperformance in fee revenue, contributing to overall revenue growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Huntington Bancshares Incorporated HBAN reported second-quarter 2026 adjusted earnings per share (EPS) of 39 cents, which matched the Zacks Consensus Estimate. In the prior-year quarter, the company reported EPS of 38 cents. Results reflected improvements in net interest income (NII) and non-interest income. Also, an increase in loan and deposit balances was a tailwind. However, an increase in non-interest expenses and higher provisions acted as a spoilsport. The quarter’s results excluded 6 cents per share of the after-tax impact of acquisition-related expenses. After considering this, net income attributable to common shareholders (GAAP basis) was $727 million, up 36% year over year. Total quarterly revenues (on a fully taxable-equivalent or FTE basis) increased 46% year over year to $2.86 billion in the second quarter. The top line surpassed the Zacks Consensus Estimate of $2.85 billion. NII (FTE basis) was $2.07 billion, up 40% from the prior-year quarter’s tally. The increase reflected higher average earning assets and an expansion in net interest margin (NIM). NIM rose 10 basis points year over year to 3.21%. Non-interest income climbed 67% year over year to $785 million. The upside was driven by increases in capital markets and advisory fees, payments and cash management revenues, customer deposit and loan fees, wealth and asset management revenues and mortgage banking income. The prior-year quarter also included a $58-million loss from the sale of certain investment securities. Non-interest expenses surged 51% year over year to $1.81 billion. The rise was mainly due to increases in personnel costs, outside data processing and other services, net occupancy expenses, equipment costs and amortization of intangibles. Adjusted non-interest expenses increased 39% to $1.66 billion. The efficiency ratio was 61.5%, up from 59% in the year-ago quarter. An increase in the efficiency ratio indicates lower profitability. Average loans and leases at Huntington rose 9% sequentially to $189.3 billion. Growth was supported by the full-quarter impact of the Cadence acquisition and organic growth across corporate and specialty banking, asset finance and middle-market lending. Average total deposits increased 9% sequentially to $223.4 billion. The rise was driven by the full-quarter impact of the Cadence acquisition and growth in demand, savings and time deposits. Net charge-offs were $119 million, up from $66 million reported in the prior-year quarter. The quarter-end allowance for credit losses increased to $3.38 billion from $2.52 billion in the year-ago quarter. Total non-performing assets were $1.61 billion as of June 30, 2026, up from $852 million in the prior-year quarter. Net charge-offs as a percentage of average total loans and leases were 0.25%, up from 0.20% in the year-ago quarter. In the second quarter, the company recorded a provision for credit losses of $132 million, up from $103 million in the year-ago quarter. The common equity tier 1 (CET1) risk-based capital ratio was 10% in the second quarter, down from 10.5% in the year-ago period. The regulatory Tier 1 risk-based capital ratio was 11.3%, down from 11.8% in the comparable period in 2025. The tangible common equity to tangible assets ratio was 7.1%, up from 6.6% in the year-ago quarter. During the second quarter, Huntington repurchased $159 million of common shares. The company repurchased $309 million, or approximately 19 million shares, in the first half of 2026. The company’s acquisitions and continued organic loan and deposit growth are likely to support revenues. In June 2026, Huntington successfully completed the systems conversion of Cadence Bank, marking the final major integration milestone. The company also realized $70 million of annualized run-rate expense savings in the second quarter from its October 2025 Veritex acquisition and expects the full earnings contribution from its recent acquisitions by the fourth quarter. The anticipated cost and revenue synergies are encouraging. However, elevated expenses and an increase in non-performing assets remain concerns. Huntington Bancshares Incorporated price-consensus-eps-surprise-chart | Huntington Bancshares Incorporated Quote Currently, Huntington carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. First Horizon Corporation FHN posted second-quarter 2026 earnings per share of 54 cents, surpassing the Zacks Consensus Estimate of 52 cents. This compares favorably with 45 cents in the year-ago quarter FHN’s results benefited from higher NII and non-interest income, along with a lower provision for credit losses. Higher loan and deposit balances also provided support. However, rising expenses and weaker capital ratios were headwinds. M&T Bank Corporation MTB reported second-quarter 2026 net operating earnings per share of $5.35, which beat the Zacks Consensus Estimate of $4.66. The bottom line compared favorably with earnings of $4.28 per share in the year-ago quarter. MTB’s results were aided by higher NII and a rise in non-interest income on a year-over-year basis, along with loan growth. However, higher expenses acted as headwinds. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Huntington Bancshares Incorporated (HBAN) : Free Stock Analysis Report M&T Bank Corporation (MTB) : Free Stock Analysis Report First Horizon Corporation (FHN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Huntington Bancshares Incorporated? Here are five stocks we like better. Huntington Bancshares posted a strong Q2 with organic loan and deposit growth, higher revenue, and improving profitability, while management said the company is at an “inflection point” after recent integrations and footprint expansion. The bank completed its Cadence systems conversion and is now shifting focus to growth, with management targeting $365 million in Cadence cost synergies by Q4 and citing early revenue opportunities from the combined franchise. Fee income and credit quality remain bright spots: value-added fee revenues rose more than 60% year over year, credit performance stayed strong, and Huntington reaffirmed longer-term 2027 targets even as it expects net interest income to come in toward the low end of guidance. MarketBeat Week in Review – 03/09 - 03/13 Huntington Bancshares (NASDAQ:HBAN) executives said the bank delivered a strong second quarter of 2026, citing organic loan and deposit growth, higher revenue, improving profitability and completion of the Cadence systems conversion as key milestones. Chairman, President and CEO Stephen Steinour called the quarter “exceptional,” saying Huntington is now at an “inflection point” after completing recent integrations and expanding its footprint. He said customer activity remains steady, commercial demand is broad-based and visibility on economic trends has improved since the prior quarter. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Huntington Bancshares Is Chasing a Bigger Growth Story “Our core businesses are performing at a high level, our conversions are complete, and we are positioned to capture the benefits of our investments, as well as the recent partnerships and expanded footprint,” Steinour said. Brant Standridge, Huntington’s President of Consumer and Regional Banking, said the bank completed the Cadence systems conversion 235 days after announcement. He said the process included training and transitioning 4,500 colleagues onto Huntington systems, onboarding hundreds of thousands of customers, converting ATM and ITM locations and changing more than 4,000 signs. → 3 Photonics Companies Making Quantum Tech Possible Regional Banking Sector Near a Critical Inflection Point Standridge said Huntington grew deposits during the conversion weekend and in the weeks that followed, a result he described as unusual for a bank conversion. He said the company is retaining about 80% of maturing CD balances in the Cadence footprint, reducing higher-cost wholesale funding and brokered deposits, and increasing checking account growth. Management said Huntington remains on track to achieve $365 million in Cadence cost synergies in the fourth quarter. Chief Financial Officer Zach Wasserman said the combined Veritex and Cadence run-rate expense synergy target remains $435 million by the fourth quarter. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off Standridge also highlighted early revenue opportunities from the Cadence combination, including nearly $1 billion of expanding client commitments across energy, commercial real estate and auto floorplan businesses. He said Huntington has completed more than 10 capital markets transactions with customers in the Cadence footprint since closing, generating approximately $12 million of fees. Wasserman said average loans increased $15 billion, or 8.6%, sequentially in the second quarter. Normalizing for the day-count effect of the Cadence balance sheet in the first quarter, average loans increased $2.2 billion, or 1.2%, which he described as strong organic expansion. Loan growth was led by commercial and industrial categories, including corporate and specialty areas. Wasserman cited activity from the financial institutions group, industrials, diversified businesses, corporate mortgage finance and Native American financial services. Commercial real estate balances declined modestly as planned, while auto production was lower. Average deposits increased $18.8 billion, or 9.2%, sequentially. On an organic basis adjusted for the Cadence day-count effect, deposits grew $4 billion, or 1.8%, outpacing loan growth. Wasserman said primary banking relationships increased across customer segments, with consumer relationships up 4%, business banking up 5% and commercial up 8% year-over-year. Deposit costs increased six basis points during the quarter, including about one basis point from the full-quarter impact of Cadence and five basis points from the legacy Huntington franchise. Net interest income was $2.1 billion, up 8.5% sequentially, supported by what management called strong core-funded asset growth. Huntington’s net interest margin increased 10 basis points year-over-year but declined three basis points sequentially. Wasserman said the second quarter should represent the trough for net interest margin, with expected improvement from fixed-asset repricing, liquidity optimization and Cadence deposit portfolio actions. Value-added fee revenues rose more than 60% year-over-year. Excluding the impacts of Cadence, the Janney Capital Markets business acquisition and last year’s sale of the corporate trust business, Wasserman said value-added fee revenue increased about 30% organically year-over-year. In specific fee categories, payments increased 10% year-over-year, wealth management rose 12%, capital markets increased 46% and loan and deposit fees grew 19%. Wasserman said adjusted pre-provision net revenue increased 12% quarter-over-quarter, while value-added fee revenues increased 15%. He also said Huntington generated 210 basis points of positive operating leverage on a trailing 12-month basis. Management’s full-year outlook drew scrutiny during the question-and-answer portion of the call after UBS analyst Erika Najarian noted that the stock opened down about 5% and asked about the unchanged outlook despite a lower net interest income expectation. Wasserman said overall revenue remains robust, but the spread outlook has shifted more toward volume-driven growth. He said Huntington expects net interest income to be at the bottom end of its range or perhaps modestly below it, largely because of deposit cost pressure. At the same time, he said fee income is tracking toward the high end of guidance or potentially above it. Wasserman said the company expects net interest margin to rise modestly into the low 320-basis-point range in the third quarter and into the mid- to high-320s in the fourth quarter. He also said management expects loans and deposits to grow sequentially in the second half of the year. Executives reiterated longer-term targets for 2027, including earnings per share of $1.90 to $1.93 and return on tangible common equity in the 18% to 19% range. Wasserman said Huntington expects EPS growth of approximately 30% from the 2025 level, supported by organic growth, fee income expansion, revenue synergies and expense discipline. Wasserman said credit performance remains strong and consistent with expectations. Net charge-offs are trending near the low end of the company’s guided range, and Huntington now expects charge-offs to be in the lower half of its 25- to 35-basis-point range for the year. He said criticized assets declined during the quarter, while nonperforming assets remain elevated because of government-guaranteed loan categories with “virtually no loss content” and downgrades of select commercial credits. Huntington completed $310 million of its planned $550 million share repurchase program for 2026 year-to-date. Wasserman said the company expects to repurchase an additional $1.1 billion to $1.2 billion in 2027. Steinour closed the call by saying Huntington has become a “stronger, more diversified super regional bank” through new markets, broader business mix and added capabilities. He said the company remains on track for its 2027 financial targets, with the fourth quarter expected to provide a clearer view of the earnings power of the combined franchise. Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company's operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers. Huntington's product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Huntington Bancshares Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.