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Columbus, Ohio-based Huntington Bancshares Incorporated (HBAN) is a multi-state diversified regional bank holding company for the Huntington National Bank. Valued at $25.1 billion by market cap, Huntington provides commercial, consumer, and mortgage banking services, offering various financial products to corporations and individuals.
The banking giant is set to announce its third-quarter results before the market opens on Thursday, Oct. 23. Ahead of the event, analysts expect HBAN to report an adjusted profit of $0.37 per share, up 12.1% from $0.33 per share reported in the year-ago quarter. Further, the company has a robust earnings surprise history. It has met or surpassed the Street’s bottom-line estimates in each of the past four quarters.
For the full fiscal 2025, HBAN is expected to deliver an adjusted EPS of $1.46, up 17.7% from $1.24 reported in 2024. In fiscal 2026, its earnings are expected to further grow 10.3% year-over-year to $1.61 per share.
Huntington’s stock prices have soared 21.5% over the past 52 weeks, notably outperforming the S&P 500 Index’s ($SPX) 17.8% surge and the Financial Select Sector SPDR Fund’s (XLF) 19.7% gains during the same time frame.
Huntington Bancshares’ stock prices dropped 1.6% in the trading session following the release of its mixed Q2 results on Jul. 18. Driven by robust growth in loans and leases, the company reported a 3.2% year-over-year growth in total interest income to $2.6 billion. Further, the company observed a drop in interest expense, leading to a notable net interest margin expansion. HBAN’s net interest income came in at $1.4 billion, up 12.5% year-over-year. However, the company’s non-interest income remained under pressure, declining 4.1% year-over-year to $471 million.
Meanwhile, the company also observed a notable surge in non-interest expenses, leading to a much more modest 8.8% growth in income before taxes to $638 million. HBAN’s earnings were primarily boosted by a temporary drop in interest expenses.
Analysts remain optimistic about the stock’s prospects. HBAN maintains a consensus “Strong Buy” rating overall. Of the 22 analysts covering the stock, opinions include 16 “Strong Buys,” one “Moderate Buy,” four “Holds,” and one “Strong Sell.” HBAN’s mean price target of $19.76 suggests a 14.8% 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.
