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Valued at a market cap of $18.4 billion, Huntington Bancshares Incorporated (HBAN) is a diversified regional bank holding company. Through its subsidiary, The Huntington National Bank, it offers a wide range of financial services, including commercial, consumer, and mortgage banking, as well as wealth management, treasury management, and digital banking solutions. The Columbus, Ohio-based company is expected to announce its fiscal Q1 earnings results on Thursday, Apr. 17.
Ahead of this event, analysts project the company to report a profit of $0.31 per share, up 10.7% from $0.28 per share in the year-ago quarter. The company has beaten Wall Street's EPS estimates in all of the last four quarters, which is impressive.
In the fourth quarter, Huntington Bancshares reported EPS of $0.34, surpassing consensus estimates by 9.7%. This outperformance was driven by solid net interest income, effective expense management, and stable credit quality. The bank also benefited from higher yields on earning assets amid a favorable interest rate environment while maintaining disciplined cost control and a resilient loan portfolio.
For fiscal 2025, analysts expect HBAN to report an EPS of $1.38 per share, up 11.3% from $1.24 in fiscal 2024. Moreover, EPS is expected to increase 13% year-over-year to $1.56 per share in fiscal 2026.
Shares of HBAN have plunged 6.8% over the past 52 weeks, trailing the S&P 500 Index's ($SPX) 1.4% dip and the Financial Select Sector SPDR Fund’s (XLF) 7.3% return over the same period.
Following the release of its Q4 2024 earnings, shares of Huntington Bancshares rose 1% on January 17. The company reported a quarterly profit that more than doubled, driven by a sharp uptick in capital markets performance and higher net interest income. Revenue from capital markets and advisory services jumped 74% to $120 million, while wealth and asset management revenue climbed 8% to $93 million.
Analysts' consensus view on Huntington Bancshares’ stock is moderately bullish, with a "Moderate Buy" rating overall. Among 19 analysts covering the stock, 12 recommend a "Strong Buy," one suggests a "Moderate Buy," five indicate a “Hold” rating, and one gives a "Strong Sell."
Its average analyst price target of $18.50 indicates a premium of 46.8% from the current market prices.
On the date of publication, Kritika Sarmah 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.
