The EPS miss and accelerating credit deterioration (NCOs +27% QoQ, NPAs +6.8% QoQ) are the key negatives. Watch the Q4 earnings call for forward NIM guidance and credit migration trends, particularly in commercial and industrial and commercial real estate portfolios, which drove the NPA increase.
Price Chart
Executive Summary
Huntington Bancshares reported Q3 2026 GAAP diluted EPS of $0.33, flat QoQ but down from $0.41 a year ago. Adjusted EPS (excluding Notable Items) was $0.38, missing the consensus estimate of $0.40 by $0.02. Net interest income (FTE) grew 1% QoQ to $2.09B, driven by a 4bp NIM expansion to 3.25%, but noninterest income fell 8% QoQ on lower capital markets fees. Credit quality deteriorated with NCOs rising to 0.31% of loans (from 0.25% QoQ) and NPAs increasing $110M to $1.72B. The CET1 ratio improved to 10.1%.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $0.33, flat QoQ, down from $0.41 YoY
- Adjusted EPS (non-GAAP) of $0.38 missed consensus of $0.40 by $0.02 (-5.6%)
- Net interest income (FTE) $2.09B, up 1% QoQ, up 37% YoY
- Net interest margin expanded 4bp QoQ to 3.25%
- Noninterest income fell 8% QoQ to $722M on lower capital markets fees
- Noninterest expense (ex Notable Items) flat QoQ at $1.655B
- Net charge-offs rose to 0.31% of avg loans (0.25% QoQ, 0.22% YoY)
- Nonperforming assets increased $110M QoQ to $1.72B
- CET1 ratio improved to 10.1% from 10.0% QoQ
- Repurchased $100M of common shares in Q3, $409M YTD
Financial Impact
Adjusted EPS miss of $0.02 (-5.6%) vs consensus; NCO ratio rising 6bp QoQ to 0.31%; NPAs up $110M to $1.72B
Risk Factors
- Credit quality deterioration: NCOs rising, NPAs increasing for 5th consecutive quarter
- Noninterest income volatility: capital markets fees down 13% QoQ
- AOCI erosion: TBV per share fell 2% QoQ due to higher market interest rates
- Integration risk from Cadence/Veritex acquisitions: $117M in acquisition-related expenses in Q3
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000049196-26-000084 |
| Document: hban20260930_8kex991.htm | 0000049196-26-000084 |
| Document: hban-20261022.htm | 0000049196-26-000084 |
| Document: 0000049196-26-000084-index-headers.html | 0000049196-26-000084 |
| Document: 0000049196-26-000084-index.html | 0000049196-26-000084 |
| Document: 0000049196-26-000084.txt | 0000049196-26-000084 |
| 8-K Data (Synthetic) | 0000049196-26-000084 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $15.73 $15.73 | · 0.00% | ▼ −0.71% | $15.73 (−0.00%) |
Oct 22, 2026 5d ago | 8-K | $15.66 $15.73 | ▼ −0.45% | ▼ −0.97% | $15.73 (−0.45%) |
Sep 30, 2026 27d ago | Press Release | $15.19 $15.33 | ▲ +0.92% | ▲ +0.18% | $15.73 (+3.55%) |
Sep 16, 2026 5w ago | 8-K | $15.82 $15.88 | ▲ +0.38% | ▼ −0.75% | $15.73 (−0.57%) |
Sep 10, 2026 6w ago | 8-K | $16.73 $16.86 | ▲ +0.78% | ▼ −0.08% | $15.73 (−5.98%) |
Jul 23, 2026 13w ago | 8-K | $17.40 $17.36 | ▼ −0.23% | ▼ −0.33% | $15.73 (−9.60%) |
Jul 8, 2026 15w ago | Press Release | $17.76 $17.87 | ▲ +0.62% | ▲ +0.19% | $15.73 (−11.43%) |
Jun 25, 2026 17w ago | 8-K | $17.79 $17.82 | ▲ +0.17% | ▼ −1.48% | $15.73 (−11.58%) |
Jun 4, 2026 20w ago | Insider Cluster | $16.52 $16.49 | ▼ −0.18% | ▼ −0.41% | $15.73 (−4.78%) |
Mar 12, 2026 32w ago | DEFA14A | $15.32 $15.06 | ▼ −1.74% | ▼ −1.15% | $15.73 (+2.65%) |
US Market Status
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