10-Q · July 28, 2026
Huntington delivered strong acquisition-supported revenue, NII, deposit, loan, and operating-cash-flow growth in Q2, with GAAP revenue of $2.837 billion and FTE NIM of 3.21%. However, GAAP diluted EPS fell to $0.33 from…
Earnings analysis · 10-Q
HBAN earnings analysis
Filed October 27, 2026 · Our reading of the company's report
The latest report
Huntington delivered strong balance-sheet and core revenue growth in the third quarter, with revenue up 31% year over year to $2.791 billion and net interest income up 37% to $2.069 billion. However, diluted EPS…
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Huntington delivered strong balance-sheet and core revenue growth in the third quarter, with revenue up 31% year over year to $2.791 billion and net interest income up 37% to $2.069 billion. However, diluted EPS declined 20% to $0.33 because of acquisition-related expenses, substantially higher expenses, and share dilution. Both operating segments grew earnings, but asset quality weakened materially, with NPAs up 82% and net charge-offs rising to $146 million. The filing states that there were no material changes to the risk factors disclosed in the 2025 Form 10-K and provides no quantitative forward guidance.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.33
What stood out
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Revenue and net interest income grew strongly
Third-quarter revenue was $2.791 billion, up 31% from $2.134 billion in the year-ago quarter. Net interest income increased 37% to $2.069 billion from $1.506 billion, supported by a 12-basis-point increase in FTE net interest margin to 3.25%.
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EPS declined on acquisition costs and dilution
Diluted EPS was $0.33 versus $0.41 in the year-ago quarter, a decline of $0.08 or 20%. Results included $117 million of acquisition-related expenses, which reduced diluted earnings by $0.05 per share.
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Both operating segments expanded earnings
Consumer & Regional Banking nine-month net income increased 50% to $1.494 billion from $998 million, while Commercial Banking increased 25% to $1.116 billion from $893 million.
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Acquisitions expanded loans and deposits
Loans and leases increased 28% to $191.449 billion from $149.642 billion at year-end 2025, while deposits increased 27% to $224.678 billion from $176.610 billion, primarily reflecting the Cadence acquisition and organic growth.
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Operating cash flow improved
Operating cash flow was $2.420 billion for the first nine months, up from $1.554 billion in the year-ago period. Purchases of premises and equipment were $310 million versus $149 million, equal to approximately 13% of operating cash flow.
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Liquidity position strengthened
Cash and cash equivalents increased to $16.816 billion from $13.495 billion at year-end 2025. Management reported $133.845 billion of selected contingent liquidity sources at September 30, 2026, versus $110.963 billion at year-end.
What to watch
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Asset quality deteriorated
Nonperforming assets rose 82% to $1.722 billion from $945 million at year-end 2025, and the NPA ratio increased to 0.90% from 0.63%. Net charge-offs increased to $146 million, or 0.31% of average loans, from $75 million, or 0.22%.
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Credit reserve coverage declined
The ACL increased to $3.358 billion from $2.743 billion, but coverage declined to 1.75% of loans from 1.83%. Management's adverse-scenario sensitivity indicated a hypothetical ACL increase of approximately $1.1 billion.
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Integration costs pressured earnings
Noninterest expense increased 42% year over year to $1.772 billion from $1.246 billion, including $117 million of acquisition-related expenses. Treasury / Other generated a nine-month net loss of $639 million versus $199 million in the prior-year period.
Management's outlook
No quantitative revenue or EPS guidance was provided in the 10-Q. Management stated that growth is expected to continue, supported by consumer spending, a stable labor market, and investment in technology and infrastructure; it also stated that liquidity is sufficient for the next 12 months and the foreseeable future.
Earlier filings 4
10-Q · April 30, 2026
Huntington Bancshares reported a mixed Q1 2026, with net income of $523 million ($0.25 EPS), down from $527 million ($0.34 EPS) a year prior. While net interest income rose by 33% to $1.891 billion driven by increased…
10-K · February 13, 2026
Huntington’s 2025 Form 10-K highlights inorganic expansion and improving margins: the Company completed the Veritex acquisition (added $12.0 billion of assets, including $9.3 billion of loans and $10.5 billion of…
10-Q · April 29, 2025
Huntington reported a stronger quarter vs the year-ago period: total revenue (FTE) of $1,935 million (+$168M, +10%), diluted EPS of $0.34 vs $0.26 (+$0.08, +31%), and net interest income of $1,426 million (+$139M,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.