Analyst Note
| Eric Compton, CFA |Narrow-moat Huntington Bancshares reported decent second-quarter earnings per share of $0.35, roughly in line with the FactSet consensus estimate of $0.34. Revenue came in at $1.7 billion, in line with consensus. After a rough start to the year, it is good to see the bank once again produce results that roughly match expectations. We think simply hitting expectations will be a key catalyst to help close the bank’s valuation gap.