| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 472.00 | 34.5% |
| Total Income | 472.00 | 34.5% |
| Expenditure | -165.00 | 44.6% |
| PBT | 641.00 | 1.8% |
| Net Profit | 523.00 | 0.8% |
| OPM | — | |
| NPM | 100.00% | 0.00pp |
| EPS | 0.26 | 23.5% |
Huntington Bancshares Reports Q1 2026 Earnings: EPS at $0.25
23 Apr 2026 · 23 Apr, 4:01 pm
Summary
Huntington Bancshares Incorporated reported a net income of $523 million, or $0.25 per common share, for the first quarter of 2026. This represents a $4 million increase from the prior quarter and a $4 million decrease from the year-ago quarter. The results include $271 million of pre-tax Notable Items, primarily acquisition-related expenses. Net interest income saw significant growth, increasing by 19% from the prior quarter and 33% from the year-ago quarter. CEO Steve Steinour noted the strong start to 2026, driven by disciplined execution and continued organic growth, and highlighted the progress in integrating Veritex and Cadence.
Key Highlights
- 1
Huntington's first-quarter earnings per common share (EPS) was $0.25, a decrease of $0.09 from the year-ago quarter.
- 2
Net interest income increased by $299 million, or 19%, from the prior quarter, and $465 million, or 33%, from the year-ago quarter.
- 3
Noninterest income increased by $100 million, or 17%, from the prior quarter, reaching $682 million.
- 4
Average total loans and leases increased by $27.6 billion, or 19%, from the prior quarter to $174.2 billion.
- 5
Average total deposits increased by $31.5 billion, or 18%, from the prior quarter and $43.0 billion, or 27%, from the year-ago quarter.
- 6
The company repurchased $150 million of common shares in the first quarter and an additional $100 million quarter‑to‑date in the second quarter.
- 7
The Board of Directors approved a $3 billion share repurchase authorization on April 22, 2026.
Management Comments
Steve Steinour
Coming off a transformational year in 2025, Huntington delivered a strong start to 2026 through disciplined execution and continued organic growth. Our core is performing very well, our credit remains strong, and we are driving toward our committed expense and revenue synergies from our Veritex and Cadence partnerships.
Steve Steinour
With Veritex now fully integrated, we are on schedule for a Cadence conversion in June. The strong engagement we have had from the Cadence teams will help deliver a successful conversion experience for customers. Both partnerships are already delivering growth opportunities across Texas and the South, and we expect further growth for years to come.
Steve Steinour
As we continue to navigate a period of relative economic uncertainty, our strong balance sheet and industry leading liquidity and reserves position us to be a source of strength for our customers and outperformance for our shareholders.
Steve Steinour
Our differentiated super regional model, which combines national capabilities with local delivery, helps us deliver durable earnings generation, tangible book value expansion, and attractive financial returns over the long-term.
Informational and educational content only. Not investment advice.