The revised FY27 EPS target and increased buyback signal management's confidence in long-term value creation, but the FY26 NII guidance cut reflects near-term margin pressure from higher rates and competition. Traders should watch for further updates on deposit cost optimization and loan growth trajectory in the next quarterly report.
Price Chart
Executive Summary
Huntington Bancshares presented at the 2026 Barclays Global Financial Services Conference, providing an investor update that included a revised FY27 EPS target range of $1.75-$1.83 and increased expected share repurchases to $1.3-$1.4B. The update also revised FY26 guidance lower on net interest income (~35% growth vs prior 39-43%) and loan growth (~36% vs prior 36-37%), citing a higher-for-longer rate environment and competitive pressures on loan yields and deposit costs. The presentation highlighted strong fee income growth (~32% YoY) and cost synergies from the CADE and VBTX acquisitions tracking ahead of schedule.
Key Facts
- Revised FY27 EPS target range of $1.75-$1.83.
- Increasing expected share repurchases to $1.3-$1.4B.
- FY26 net interest income growth revised to ~35% from prior 39-43%.
- FY26 average loan growth revised to ~36% from prior 36-37%.
- Fee income growth accelerating to ~32% YoY.
- CADE cost synergies on track for $365M run-rate by 4Q26; VBTX $70M run-rate by 2Q26.
- Revenue synergies expected at $75M+ in FY26, tracking better than original forecast.
- Adjusted ROTCE expected to improve to ~17% in FY26E and 17-18% in FY27E.
- Tangible book value per share was $9.65 as of 2Q26.
- Assets of $284B, loans of $189B, deposits of $222B as of 6/30/26.
Financial Impact
FY27 EPS target $1.75-$1.83 vs FY25 adjusted EPS of $1.45; share buyback program increased to $1.3-$1.4B; FY26 NII growth guidance cut to ~35% from 39-43%
Risk Factors
- Higher-for-longer interest rates compressing NIM further
- Intense competition in loan and deposit pricing
- Lower-than-expected loan volumes due to paydowns in CRE and residential
- Execution risk on achieving revenue synergies from acquisitions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000049196-26-000077 |
| Document: hban-20260916.htm | 0000049196-26-000077 |
| Document: 0000049196-26-000077-index-headers.html | 0000049196-26-000077 |
| Document: 0000049196-26-000077-index.html | 0000049196-26-000077 |
| Document: 0000049196-26-000077.txt | 0000049196-26-000077 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | 8-K | $15.82 $15.38 | ▼ −2.78% | ▼ −5.34% | $15.33 (−3.10%) |
Sep 10, 2026 22d ago | 8-K | $16.73 $15.88 | ▼ −5.08% | ▼ −4.58% | $15.33 (−8.37%) |
Jul 23, 2026 10w ago | 8-K | $17.40 $17.08 | ▼ −1.84% | ▼ −2.31% | $15.33 (−11.90%) |
Jul 8, 2026 12w ago | Press Release | $17.76 $18.56 | ▲ +4.50% | ▲ +4.64% | $15.33 (−13.68%) |
Jun 25, 2026 14w ago | 8-K | $17.79 $17.86 | ▲ +0.39% | ▼ −1.77% | $15.33 (−13.83%) |
Jun 4, 2026 17w ago | Insider Cluster | $16.52 $17.52 | ▲ +6.05% | ▲ +5.48% | $15.33 (−7.20%) |
Mar 12, 2026 29w ago | DEFA14A | $15.32 $15.17 | ▼ −1.01% | ▼ −0.03% | $15.33 (+0.04%) |
US Market Status
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