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Sentiment · FY2026 Q2
Huntington delivered an outstanding first quarter, with GAAP EPS of $0.25 and adjusted EPS of $0.37, up 9% year-over-year excluding acquisition-related expenses and other notable items. Net interest income rose $301 million or 18.7% sequentially and 33% year-over-year as net interest margin expanded 9 basis points to 3.24%, with the Cadence and Veritex additions layered on top of strong organic growth. Fee income was the standout, growing 18% year-over-year on an adjusted basis with capital markets up nearly 60% organically and payments up 21%, prompting management to raise full-year fee revenue growth expectations by 4 percentage points to 31% to 33%. Credit remained well controlled with net charge-offs of 26 basis points and a criticized asset ratio of 4.3%, and the board approved a new $3 billion repurchase authorization. Management moved the 2026 net interest income outlook to the low end of its range and guided NIM into the high 3.20s versus the prior mid-3.30s, characterizing the offset from stronger fees and lower expenses as profit-neutral.
Margin | M&A | Competitive Dynamics | Pricing | Capital Allocation | Credit | Demand | Revenue Growth | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 1 | 2 | 3 | 4 | 1 | 3 | 1 |
| 2025Q1 | 2 | 3 | 2 | 1 | 3 | 3 | 1 | |
| 2025Q2 | 6 | 3 | 3 | 4 | 1 | 1 | 1 | 2 |
| 2025Q3 | 4 | 1 | 1 | 1 | 1 | 4 | 2 | 1 |
| 2025Q4 | 4 | 7 | 1 | 1 | 1 | 3 | ||
| 2026Q1 | 3 | 2 | 2 | 1 | 4 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Margin | 5 | 2 | 6 | 4 | 4 | 3 |
| M&A | 1 | 3 | 1 | 7 | 2 | |
| Competitive Dynamics | 2 | 3 | 3 | 1 | 1 | 2 |
| Pricing | 3 | 2 | 4 | 1 | 1 | |
| Capital Allocation | 4 | 1 | 1 | 1 | 4 | |
| Credit | 1 | 3 | 1 | 4 | 1 | 1 |
| Demand | 3 | 3 | 1 | 2 | 1 | |
| Revenue Growth | 1 | 1 | 2 | 1 | 3 | 2 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.07B | +11.4% | $0.34 | +126.7% | 21.8% | 17.3% |
| FY2025 Q1 | $2.98B | +4.8% | $0.34 | +30.8% | 21.9% | 17.7% |
| FY2025 Q2 | $3.03B | +2.0% | $0.34 | +13.3% | 21.1% | 17.7% |
| FY2025 Q3 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jon Arfstrom | RBC Capital Markets | 14 (0%) |
| Manan Gosalia | Morgan Stanley | 13 (31%) |
| Erika Najarian | UBS |
| $3.23B |
| +4.9% |
| $0.41 |
| +24.2% |
| 23.7% |
| 19.5% |
| FY2025 Q4 | $3.25B | +5.8% | $0.30 | -11.8% | 19.4% | 16.0% |
| FY2026 Q1 | $3.77B | +26.3% | $0.25 | -26.5% | 17.0% | 13.9% |
| FY2026 Q2 | $4.17B | +37.7% | $0.38 | +11.8% | 21.5% | 17.4% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Ebrahim Poonawala | Bank of America | 8 (13%) |
| John Pancari | Evercore ISI | 7 (29%) |
| Ken Usdin | Autonomous Research | 7 (0%) |
| Brian Foran | Truist Securities | 6 (50%) |
| Chris McGratty | KBW | 6 (0%) |
| Steven Alexopoulos | TD Cowen | 4 (50%) |
| Matt O'Connor | Deutsche Bank | 4 (25%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| RBC Capital Markets | 1 | 14 (0%) |
| Morgan Stanley | 1 | 13 (31%) |
| UBS | 1 | 12 (17%) |
| Deutsche Bank | 2 | 8 (13%) |
| Bank of America | 1 | 8 (13%) |
| KBW | 2 | 7 (0%) |
| Autonomous Research | 1 | 7 (0%) |
| Evercore ISI | 1 | 7 (29%) |
What HBAN and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we signed a multiyear agreement to become the retail investment program provider the Huntington Bank. This relationship is expected to add approximately 260 advisers and $28 billion in assets with onboarding beginning later this year.”
Ameriprise won a multiyear deal to run Huntington Bank's retail investment program (~260 advisers, $28B assets), a read-through on Huntington outsourcing its wealth platform to AMP.
“the large super regional bank that we've closed here in April is Huntington Bank.”
Huntington signed an Encompass deal and is an existing MSP customer, cross-selling read-through on the super-regional bank's mortgage tech stack.
“I'm pleased to announce that we refinanced our $200 million debt facility with the Huntington National Bank on May 4, lowering our annual run rate interest expense by roughly $5 million.”
Root refinanced its $200 million debt facility with long-standing banking partner Huntington National Bank, cutting annual interest expense by about $5 million.
“but also the welcoming of TM Capital and Janney, and we're thrilled to have our new colleagues contributing meaningfully as well.”
Huntington welcomed TM Capital (M&A advisory) alongside Janney into its capital-markets business, with new colleagues contributing meaningfully; a read-through on the TM Capital acquisition.
“We also successfully integrated the Janney and TM Capital acquisition, which became accretive within 3 months and contributed to a record quarter for our capital markets businesses”
Huntington integrated its Janney acquisition, which became accretive within three months and drove a record capital-markets quarter; a positive read-through on the acquired Janney business.
“just in the Veritex footprint in the first 2 months, deposit production is up 30% year-over-year.”
Huntington's acquired Veritex footprint shows 30% YoY deposit production growth after turning on digital, a positive read-through on the Veritex acquisition.
“We ran our first deposit growth campaign in the new Cadence footprint, and we're seeing year-over-year increase in production of 160%”
Huntington reports strong early deposit production in the acquired Cadence Bank footprint (160% YoY), a positive read-through on the Cadence integration and the acquired franchise.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
HBAN Huntington Bancshares | 7 | +26.3% | |
| CFG Citizens Financial Group | 8 | +4.5% | |
| FITB Fifth Third Bancorp | 7 | +25.8% | |
| KEY KeyCorp | 9 | +1.1% | |
| MTB M&T Bank | 7 | +1.7% | |
| PNC PNC Financial Services | 8 | +12.7% | |
| RF Regions Financial Corporation | 6 | +0.5% | |
| TFC Truist Financial | 6 | +0.4% | |
| USB U.S. Bancorp | 7 | +4.7% |