Huntington Bancshares (HBAN) Q3 2026 Earnings Report
MX:HBAN Q3 2026 EPS Results
- Actual EPS
- MXN 6.20
- Consensus EPS
- MXN 6.54
- Beat/Miss
- Missed by -MXN 0.34
- One Year Ago EPS
- MXN 7.70
MX:HBAN Q3 2026 Revenue Results
- Actual Revenue
- MXN 78.08B
- Expected Revenue
- MXN 52.96B
- Beat/Miss
- Beat by +MXN 25.12B
- YoY Revenue Growth
- +30.09%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/22/2026
- Time
- Before Open
- Conference Call
- Thursday, October 22, 2026
Huntington Bancshares's next earnings date is estimated for January 28, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was broadly positive. Management highlighted strong fee growth, commercial pipelines, partnership execution, capital generation, operating leverage, liquidity, and a reiterated 2027 EPS outlook. These positives outweighed the acknowledged challenges from higher rates, intense competition, deposit pricing pressure, selective lending pullbacks, and modest sequential deterioration in certain credit metrics.
Management expects loan growth to achieve about a 6% organic growth rate and approximately 36% on a reported basis, supporting full year NII growth of approximately 35%; NIM is expected to be approximately flat in Q4, full year deposit growth is expected to be about 32.5%, Q4 fee revenue approximately $750 million, plus or minus the normal variability around an estimate at this point in the quarter, implying full year growth of approximately 31%, and core expenses are expected to be flat in Q4 versus the Q3 level. Full year net charge offs are anticipated in a lower end of our 25% to 35 basis point guidance range, while 2026 positive operating leverage is expected to be equal to or greater than 100 basis points; 2027 EPS guidance remains $1.75 to 1.83, with 6% loan growth, flat NIMs, NII of about 6% plus a percentage point or 2 of fee income generation, revenue growth of 7%, 8%, operating leverage of 300 basis points, and PPNR growth of 9% to 10%, while 2027 EPS is expected to grow more than 20% from 2025, ROTCE is expected to trend to the 17% to 18% range, tangible book value per share is expected to increase by more than 10% from the 2025 level, share repurchases between this year and next year are expected to be about $1.8 billion to $1.9 billion, and the embedded deposit beta expectation is around 50 to 60%.
- Solid Third-Quarter Operating PerformanceManagement reported solid operating performance in the third quarter, supported by continued execution across core businesses, recent partnerships, strong commercial pipelines, and solid consumer spending trends.
- Strong Long-Term Financial OutlookHuntington expects 2027 EPS to grow more than 20% from 2025, ROTCE to steadily increase into the 17% to 18% range, and tangible book value per share to increase by more than 10% from the 2025 level.
- Substantial Shareholder ReturnsThe company completed approximately $460 million of share repurchases year to date, including $100 million during the third quarter and $50 million thus far in the fourth quarter. Management expects to execute a repurchase program of about $1.8 billion to $1.9 billion between this year and next year, while sustaining a 4% plus dividend yield.
- Expanded Scale and Geographic ReachHuntington has expanded its geographic banking model across 21 states and now has $191 billion in loans and $225 billion in deposits. The company is present in 12 of the top 25 fastest-growing MSAs in the country and has expanded its scale in Texas and the South.
- Legacy Market Loan and Deposit GrowthLoans in legacy banking markets grew 6% year over year and deposits grew 3% year over year, which management said substantially outpaced economic expansion in those regions.
- Growth in Newer GeographiesIn newer geographies, including the Carolinas, organic deposit and loan growth was described as substantial at 50-40% year over year.
- National Commercial Banking ExpansionCorporate and specialty banking delivered $11 billion of year-over-year loan growth and $9 billion of year-over-year deposit growth. Management said commercial pipelines remained strong and, in a number of businesses, were among the largest it had seen.
- Fee Revenue MomentumValue-added fee revenues increased more than 15% year over year on a reported basis, inclusive of the Veritex and Cadence partnerships. Full-year fee revenue growth is expected to be approximately 31%, above the initial reported-basis expectation of 26.5% to 29.5%.
- Strength in Capital Markets, Wealth, and PaymentsDebt and equity capital markets revenues grew 35% year to date. Wealth net flows grew 28%, wealth household growth was 9% in the quarter, and organic assets under management growth was 14%. Treasury management revenue grew 42% year over year, while payments revenue increased 3% sequentially.
- Net Interest Income and Margin ImprovementNet interest income was approximately $2.1 billion, up $18 million or 0.9% from the prior quarter and 37% from the prior year. Net interest margin increased 4 basis points to 3.25%, driven by higher asset yields, lower average fed cash, and optimization of interest-bearing liabilities. Management expects net interest margin to remain relatively stable in the fourth quarter.
- Core Funding and Primary Relationship GrowthAverage deposits increased approximately $500 million or 0.2%, while end-of-period deposit growth approximately equaled loan growth. Consumer primary bank relationships increased 4%, business banking primary relationships increased 5%, and commercial primary relationships increased 7% year over year.
- Moderated Deposit-Cost Pressure and Deposit AcquisitionThe overall cost of deposits was 190 basis points, up 2 basis points from the prior quarter, while management said the pace of deposit-cost increases moderated significantly compared with the second quarter. Companywide checking-household production increased 35% year over year, and total business and consumer deposit production increased 26% year over year.
- Operating Leverage and Expense ManagementNoninterest expense was $1.7 billion, essentially flat sequentially, while the company delivered 120 basis points of positive operating leverage on a trailing four-quarter basis. Huntington expects to reengineer approximately 1.5% of baseline expenses this year and expects equal to or greater than 100 basis points of positive operating leverage in 2026.
- Continued Investment in GrowthTotal investment dollars increased 25% year over year, including meaningful increases in technology and marketing. Management also said it is continuing to invest in people and capabilities across commercial banking, wealth, payments, capital markets, Texas, and the South.
- Strong Capital Position and Book Value CreationReported CET1 ended the quarter at 10.1% and adjusted CET1 was 8.9%. Tangible book value per share was $9.47, representing a 10% compound annual growth rate over the past three years. Tangible book value per share grew 7% in the third quarter before shareholder distributions, and adjusted ROTCE was 16.6% for the quarter and 16.5% on a trailing four-quarter basis.
- Robust Liquidity and Credit ReservesLiquidity remained robust, with an unmodified liquidity coverage ratio of 111%. The allowance for credit losses ended the quarter at 1.75%, and management said reserve coverage remained strong relative to projected charge-offs.
- Partnership Execution and SynergiesManagement said Cadence expense synergy actions were completed during the quarter, with the full run-rate benefit beginning in the fourth quarter. Partner cost and revenue synergies are being delivered as expected, revenue synergies were described as ahead of original expectations, and retention of top Cadence leadership was described as very successful.
- Digital and Product InnovationAt Money20, Huntington announced the 1.87 thousand studio and its Agentic small business operating system. The company also highlighted family and team banking, AI-powered savings-goal functionality, a top-rated mobile banking app among regional bank peers, and recognition for fintech collaboration.
- Fourth-Quarter and 2027 Guidance Remains on TrackManagement expects approximately 6% organic loan growth and approximately 36% reported loan growth for the full year, full-year net interest income growth of approximately 35%, fourth-quarter fee revenue of approximately $750 million, and flat core expenses in the fourth quarter. The company reiterated 2027 EPS guidance of $1.75 to $1.83.
- Commercial Customer Demand Remains ConstructiveManagement said commercial customers remain engaged, their outlook is generally positive heading into 2026 and 2027, CapEx spending remains strong, and customers continue to pursue growth opportunities and strategic initiatives. The asset finance business was described as strong heading into the fourth quarter.
MX:HBAN Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Jan 28, 2027 | 2026 (Q4) | 7.40- | 5.64 | ― | ― |
| Oct 22, 2026 | 2026 (Q3) | 6.546.20 | 7.7 | -19.51% (-1.50) | |
| Jul 23, 2026 | 2026 (Q2) | 6.756.20 | 6.39 | -2.94% (-0.19) | |
| Apr 23, 2026 | 2026 (Q1) | 4.284.70 | 6.39 | -26.47% (-1.69) | |
| Jan 22, 2026 | 2025 (Q4) | 6.225.64 | 6.39 | -11.76% (-0.75) | |
| Oct 17, 2025 | 2025 (Q3) | 7.037.70 | 6.2 | 24.24% (+1.50) | |
| Jul 18, 2025 | 2025 (Q2) | 6.286.39 | 5.64 | 13.33% (+0.75) | |
| Apr 17, 2025 | 2025 (Q1) | 5.906.39 | 4.89 | 30.77% (+1.50) | |
| Jan 17, 2025 | 2024 (Q4) | 5.866.39 | 2.82 | 126.67% (+3.57) | |
| Oct 17, 2024 | 2024 (Q3) | 5.586.20 | 6.58 | -5.71% (-0.38) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
