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Huntington Bancshares has shown strong performance, with a 62% gain over the past year, due to its impressive deposit franchise and solid credit underwriting. Despite some pressure on net interest margins, Huntington has grown its asset base and non-interest income, particularly in wealth management and capital markets. The bank's manageable commercial real estate exposure and solid credit fundamentals, including a 0.62% non-performing asset ratio, contribute to its relative strength.
HBAN's Q3 results benefit from an increase in fee income, along with a rise in loan & deposit balances. However, lower NII and higher costs are concerns.
The headline numbers for Huntington Bancshares (HBAN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Huntington Bancshares (HBAN) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.36 per share a year ago.
Rising costs and weakening asset quality are likely to hurt HBAN's Q3 results. Yet, a solid fee income and NII growth are likely to have offered some relief.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Huntington Bancshares (HBAN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Investors interested in stocks from the Banks - Midwest sector have probably already heard of Huntington Bancshares (HBAN) and Commerce Bancshares (CBSH). But which of these two stocks is more attractive to value investors?
HBAN is progressing well with its strategic initiatives to expand into high-growth markets to boost its loans and deposit balances.
Huntington Bancshares plans to expand by opening 55 new offices in South and North Carolina to enhance commercial banking presence and deposit growth.
Huntington Bank (HBAN) has acquired the naming rights to the stadium where the Cleveland Browns are set to kick off their NFL season against the Dallas Cowboys on Sunday.
Huntington Bancshares shares have risen by 24% in the past year, outperforming the market with a 15% return since my recent buy recommendation. Strong Q2 results show solid deposit growth and loan performance, positioning HBAN for further earnings growth in 2025. Despite a higher valuation, HBAN's strong credit quality and limited CRE losses make it a safer investment with potential for modest multiple expansions.