Huntington Bancshares reported first‑quarter 2026 results that included a net income of $523 million, a GAAP earnings per share of $0.25 and an adjusted EPS of $0.37, beating the consensus estimate of $0.36. Total revenue reached $2.59 billion, a 34 % year‑over‑year increase, but fell slightly short of the $2.60 billion consensus estimate.
Net interest income rose 33 % to $1.91 billion, while average total deposits climbed to $223.5 billion, up 26.6 % year‑over‑year. The net interest margin expanded 9 basis points quarter‑over‑quarter to 3.24 % and 14 basis points year‑over‑year to the same level, reflecting stronger loan growth and deposit pricing optimization.
Return on average assets remained at 0.81 %, and return on average common equity held at 7.2 %. Return on tangible common equity was 11.6 % GAAP, with an adjusted figure of 16.4 %. The adjusted return on tangible common equity aligns with the company’s target range of 18‑19 % for 2027.
The results were driven in large part by the continued integration of Veritex and Cadence, which have already contributed to loan and fee growth in Texas and the Southeast. Management noted that the acquisitions are on track to deliver the projected synergies and that the company is maintaining a strong balance sheet and liquidity position while expanding its footprint.
Steve Steinour, chairman, president, and CEO, said, "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." He added, "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."
Management raised its 2027 EPS projection to $1.90‑$1.93 and its return on tangible common equity target to 18‑19 %. The company also updated its full‑year 2026 guidance, raising non‑interest income expectations while keeping net interest income guidance at the low end of the range due to loan‑deposit mix and slower prepayment speeds. Core expense guidance was trimmed toward the lower end, reflecting disciplined cost control. The company highlighted a period of relative economic uncertainty but emphasized its strong balance sheet and liquidity as a buffer for customers and shareholders.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.