Huntington Bancshares Q1 adjusted EPS rises, helped by acquisitions

Huntington Bancshares

23/04/2026 11:42

Overview

US regional bank's Adjusted EPS for Q1 was unchanged from prior quarter and higher yr/yr

Company approved $3 bln share repurchase authorization, replacing prior authorization

Outlook

Huntington expects Cadence Bank integration to be completed in Q2 2026

Company sees growth opportunities from Cadence and Veritex partnerships across Texas and the South

Company says strong balance sheet positions it to navigate economic uncertainty

Result Drivers

ACQUISITIONS - Growth in loans, deposits, and income was primarily driven by the Veritex and Cadence acquisitions, which contributed to higher average balances and integration-related expenses

NET INTEREST INCOME - Net interest income rose 19% from the prior quarter and 33% from a year ago, reflecting higher loan and deposit balances

NONINTEREST INCOME - Noninterest income increased 17% from the prior quarter and 38% from a year ago, supported by business growth and acquisitions

Company press release: ID:nPn1dj6vfa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.25
Q1 Net Income
$523 mln
Q1 CET1 Capital Ratio
10.20%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Huntington Bancshares Inc is $20.50, about 21.9% above its April 22 closing price of $16.82

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)