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.
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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.