Huntington Bancshares Inc reports results for the quarter ended December 31 - Earnings Summary

Huntington Bancshares

17/01/2025 14:31

* Huntington Bancshares Inc  HBAN.OQ  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 30 cents.  The mean expectation of
nineteen analysts for the quarter was for earnings of 31 cents
per share. Wall Street expected results to range from 30 cents
to 33 cents per share.
    * Revenue rose 13.6% to $1.97 billion from a year ago;
analysts
expected $1.89 billion. 
    * Huntington Bancshares Inc's reported EPS for the quarter
was 34
cents​.
    * The company reported quarterly net income of $498 million.
    * Huntington Bancshares Inc shares had risen by 3.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Huntington
Bancshares Inc is $19.00 
This summary was machine generated from LSEG data January 17 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.31           0.34           Beat
 Sep. 30 2024      0.30           0.33           Beat
 Jun. 30 2024      0.28           0.30           Beat
 Mar. 31 2024      0.25           0.28           Beat