HUNTINGTON BANCSHARES INC /MD/ (HBAN) Form 10-Q — Oct 27, 2026
Huntington Bancshares reported Q3 2026 net income of $721 million, or $0.33 per diluted share, up 15% in dollars from $629 million a year ago, though per-share earnings fell 20% due to the ~38% larger share count from the Cadence and Veritex acquisitions. Net interest income jumped 37% to $2.1 billion on a 32% increase in average earning assets, and FTE net interest margin expanded 12 bps to 3.25%. The quarter included $117 million of pre-tax acquisition-related expenses that reduced EPS by $0.05. Total assets grew 28% year-to-date to $287.8 billion, driven by $51.3 billion of assets from the Cadence acquisition, while total deposits rose 27% to $224.7 billion.
Key figures
- Eps
- 0.33
- Revenue
- 2812000000
- Net Income
- 721000000
- Total Debt
- 17341000000
- Revenue Yoy
- 0.31
- Total Assets
- 287833000000
- Cash Position
- 16816000000
- Shares Outstanding
- 2015387251
- Nim fte
- 3.25%, +12 bps YoY
- Nco ratio
- 0.31% of average loans vs 0.22% year-ago
- Cet1 ratio
- 10.1% vs 10.4% at Dec 31, 2025
- Acl coverage
- 1.75% of total loans ($3.4 billion)
- Goodwill added
- $450 million Veritex, $3.5 billion Cadence
- Total deposits
- $224.7 billion, +27% YTD
- Cadence deal value
- $8.3 billion (462 million shares issued)
- Veritex deal value
- $1.7 billion (108 million shares issued)
- Dividends declared q4
- ~$353 million ($0.155/share common)
- Noninterest income q3
- $722 million, +15% YoY
- Net interest income q3
- $2.069 billion, +37% YoY
- Noninterest expense q3
- $1.772 billion, +42% YoY
- Provision for credit losses q3
- $123 million
- Acquisition related expenses q3
- $117 million pre-tax ($92 million after tax, $0.05 EPS impact)
AI analysis
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