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.
Huntington Bancshares Incorporated exceeded Q2 earnings expectations with a net income of $474 million. Loans and deposits continue to grow, with average total deposits increasing by $2.9 billion. Asset quality metrics for Huntington Bancshares are mixed, with net charge-offs improving but nonperforming assets to total assets rising.
Huntington's (HBAN) Q2 results reflect improvements in average loans and deposits. However, a fall in NII and elevated expenses are a headwind.
Huntington Bancshares Incorporated (NASDAQ:HBAN ) Q2 2024 Earnings Conference Call July 19, 2024 8:00 AM ET Company Participants Tim Sedabres - Director, Investor Relations Steve Steinour - Chairman, President and CEO Zach Wasserman - Chief Financial Officer Brendan Lawlor - Chief Credit Officer Conference Call Participants Manan Gosalia - Morgan Stanley Erika Najarian - UBS Steven Alexopoulos - JPMorgan Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Jon Arfstrom - RBC Capital Markets Peter Winter - D.A. Davidson Greetings, welcome to the Huntington Bancshares Second Quarter 2024 Earnings Conference Call.