Huntington Bancshares Q3 profit rises on higher interest margin

Huntington Bancshares

17/10/2025 12:11

Overview

Huntington Q3 EPS rose $0.07 from prior qtr, $0.08 from year-ago qtr

Net interest income increased 3% from prior qtr, 11% from year-ago qtr

Company to merge with Veritex Holdings, Inc. on October 20, 2025

Outlook

Company did not provide specific financial guidance for future quarters or full year

Result Drivers

STRONG LOAN GROWTH - Average total loans and leases increased $2.8 bln, or 2%, from the prior qtr, contributing to higher net interest income

FEE REVENUE GROWTH - Noninterest income rose 33% from prior qtr, driven by strategic fee revenue growth

NET INTEREST MARGIN EXPANSION - Net interest income increased $39 mln, or 3%, from the prior qtr, supported by expanded net interest margin

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.41
Q3 Net Income
$629 mln
Q3 Net Interest Income
$39 mln
Q3 CET1 Capital Ratio
10.60%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 3 "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 $20.00, about 23.2% above its October 16 closing price of $15.37

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPnmb93ca

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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.)