Does Huntington Bancshares (HBAN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Huntington Bancshares Incorporated (NASDAQ:HBAN ) Q4 2024 Earnings Conference Call January 17, 2025 9:00 AM ET Company Participants Tim Sedabres - Director, IR Steve Steinour - Chairman, President and CEO Zach Wasserman - CFO Conference Call Participants Manan Gosalia - Morgan Stanley John Pancari - Evercore Ebrahim Poonawala - Bank of America Brian Foran - Truist Jon Arfstrom - RBC Capital Markets Nathan Stein - Deutsche Bank Erika Najarian - UBS Operator Greetings, and welcome to the Huntington Bancshares Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
A rise in NII and fee income, along with solid loan and deposit balances, supports HBAN's Q4 earnings.
Huntington Bancshares Incorporated shows strong Q4 performance with net income of $530 million, up $287 million YoY, and EPS of $0.34. Loans and deposits grew significantly, with average total deposits up $2.9 billion QoQ and $9.8 billion YoY, boosting long-term margins. Asset quality metrics improved, with net charge-offs stable at 0.30% and efficiency ratio hitting 58.6%, showing operational strength.
Although the revenue and EPS for Huntington Bancshares (HBAN) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Huntington Bancshares (HBAN) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.27 per share a year ago.
Huntington Bancshares on Friday reported a more than two-fold rise in its fourth-quarter profit, helped by robust performance in its capital markets unit and a higher interest income.
HBAN's fourth-quarter earnings are expected to have benefitted from rising fee income and loan balances.
Huntington Bancshares Incorporated HBAN will release earnings for its fourth quarter, before the opening bell on Friday, Jan. 17.
Huntington Bancshares (HBAN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Huntington Bancshares (HBAN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
HBAN's organic growth, expansion initiatives and solid balance sheet position make it an attractive pick now.