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With a market cap of $24.2 billion, Columbus, Ohio-based Huntington Bancshares Incorporated (HBAN) operates as the bank holding company for The Huntington National Bank, which provides commercial, consumer, and mortgage banking services in the United States.
The banking major is set to unveil its second-quarter results before the markets open on Friday, July 18. Ahead of the event, analysts expect HBAN to report non-GAAP earnings of $0.35 per share, up 16.7% from the profit of $0.30 per share reported in the year-ago quarter. Furthermore, the company has surpassed the Street’s bottom-line projections in each of the past four quarters, which is impressive.
For the full fiscal 2025, its earnings are expected to come in at $1.44 per share, up 16.1% from $1.24 per share reported in the year-ago quarter. While in fiscal 2026, its earnings are expected to rise 9.7% year-over-year to $1.58 per share.
HBAN stock has grown 29.9% over the past 52 weeks, outperforming the Financial Select Sector SPDR Fund’s (XLF) 26.8% rise and the S&P 500 Index’s ($SPX) 12.6% uptick during the same time frame.
HBAN shares grew 3% following the release of its better-than-expected Q1 earnings on Apr. 17. The company’s total revenue increased 9.5% year-over-year to $1.9 billion and surpassed the consensus estimates. Its net interest margin grew by 9 basis points to 3.10% and its net interest income also rose 10.8% from the prior year’s quarter to $1.4 billion. The company also reported an increase in its average total loans and leases, as well as average total deposits, compared to the prior year’s quarter. HBAN’s net income rose 30.5% from its year-ago value to $500 million, and its net income per share for the quarter increased 30.8% year-over-year to $0.34 and surpassed the consensus estimates by 9.7%.
The consensus opinion on HBAN is cautiously optimistic, with a “Moderate Buy” rating overall. Of the 21 analysts covering the stock, opinions include 14 “Strong Buys,” two “Moderate Buys,” four “Holds,” and one “Strong Sell.” Its mean price target of $17.90 suggests a 7.8% upside potential from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
