| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 502.00 | 6.4% | 33.2% |
| Total Income | 502.00 | 6.4% | 33.2% |
| Expenditure | -390.00 | 136.4% | 52.9% |
| PBT | 896.00 | 39.8% | 40.4% |
| Net Profit | 727.00 | 39.0% | 35.6% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 0.34 | 30.8% | 2.9% |
Huntington Bancshares Reports 2026 Second-Quarter Earnings
23 Jul 2026 · 23 Jul, 3:56 pm
Summary
Huntington Bancshares Incorporated reported net income of $727 million for the 2026 second quarter, a significant increase from both the prior quarter and the year-ago quarter. Net interest income and noninterest income both saw substantial year-over-year growth, driven by increases in average total loans and leases and average total deposits, partly due to acquisitions. The company also highlighted the successful completion of the Cadence Bank systems conversion and a continued increase in tangible book value per share.
Key Highlights
- 1
Huntington Bancshares Incorporated reported net income of $727 million for the 2026 second quarter, an increase of $204 million, or 39%, from the prior quarter.
- 2
Net interest income increased $161 million, or 9%, from the prior quarter, and $585 million, or 40%, from the year-ago quarter.
- 3
Noninterest income increased $103 million, or 15%, from the prior quarter, to $785 million, and $314 million, or 67%, from the year-ago quarter.
- 4
Average total loans and leases increased $15.0 billion, or 9%, from the prior quarter to $189.3 billion and increased $56.1 billion, or 42%, from the year-ago quarter.
- 5
Average total deposits increased $18.8 billion, or 9%, from the prior quarter and $60.0 billion, or 37%, from the year-ago quarter.
- 6
The company successfully completed the systems conversion of Cadence Bank in mid-June.
- 7
Tangible book value per share was $9.65, up $0.10, or 1%, from the prior quarter and up $0.52, or 6%, from a year ago.
Management Comments
Steve Steinour
Building on a strong start to the year, Huntington delivered another solid quarter driven by disciplined execution and continued performance across our franchise. Growth in our legacy organization was outstanding, credit remains strong, and we are seeing early revenue synergies in Cadence markets. Our pipelines are robust as we enter the second half of 2026 and the operating environment remains constructive. We delivered these results while executing a very successful Cadence systems conversion in June, marking the last major milestone in the integration. We have been very pleased with positive customer and colleague engagement. With the Veritex, Janney & TM Capital, and Cadence integrations behind us, we are well positioned to deliver the full economic benefits of our combined company. We have strong line of sight to the remaining cost synergies and we are actively driving revenue synergies. By the fourth quarter, the full earnings power of these partnerships will be clearly evident. Our balance sheet remains a source of strength, as demonstrated by our recent CCAR stress test results, and we are confident in our outlook. Supported by strong underlying business momentum and a differentiated super-regional model, we are positioned to achieve our financial targets, including sustained growth of earnings and tangible book value, and attractive returns for our shareholders.
Informational and educational content only. Not investment advice.