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.
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.