Analyst Note| Eric Compton, CFA |
Narrow-moat-rated Huntington Bancshares reported decent first-quarter earnings per share of $0.29, in line with the FactSet consensus estimate of $0.29. Revenue came in at $1.65 billion, in line with consensus of $1.63 billion. After disappointing guidance for last year's fourth quarter, it was good to see the bank produce results as expected. We think simply hitting expectations is helping the shares outperform after this quarter's earnings release.