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Huntington Bancshares Inc - Stock Quote HBAN

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Morningstar's Huntington Bancshares Inc Stock Analysis

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On-Track Q1 for Huntington; Fees Expected to Be Weaker While Rates Help Net Interest Income

Eric Compton, CFA Senior Equity Analyst

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.

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Huntington Bancshares Inc's Company Profile

Business Description

Huntington Bancshares is a regional bank holding company headquartered in Columbus, Ohio. The bank has a network of branches and ATMs across eight Midwestern states. Founded in 1866, Huntington National Bank and its affiliates provide consumer, small-business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. Huntington also provides auto dealer, equipment finance, national settlement, and capital market services that extend beyond its core states.

Contact
41 South High Street, Huntington Center
Columbus, OH, 43287
T +1 614 480-2265
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type High Yield
Employees 19,722

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