Huntington earns 33 cents a share as margin widens, buys back $100 million

Huntington Bancshares held quarterly earnings steady at 33 cents a share as a wider lending margin offset weaker fee income.

Adjusted EPS, which excludes notable items, was 38 cents, down a penny from the second quarter, according to the earnings release the regional bank filed with an 8-K on Thursday. Net income applicable to common shares was $680 million, compared with $686 million in the prior quarter and $602 million a year earlier.

Net interest income rose 1% from the second quarter to $2.07 billion, and the net interest margin widened 4 basis points to 3.25%, helped by higher yields on investment securities and modestly lower funding costs.

Fees down, expenses flat

Noninterest income fell 8% from the prior quarter to $722 million, largely on lower capital markets fees and unfavorable equity valuation adjustments. Noninterest expense excluding acquisition-related costs was flat.

Average loans slipped 0.4% as commercial real estate and consumer loans declined, partly offset by higher commercial and industrial loans. Average deposits rose 0.2%.

Capital

The common equity tier 1 ratio was 10.1%. Huntington repurchased $100 million of stock in the quarter, bringing its year-to-date total to $409 million, or about 25 million shares. Tangible book value per share fell 2% to $9.47, which the bank attributed largely to interest rate effects on accumulated other comprehensive income.

By the numbers

• EPS: $0.33; adjusted EPS: $0.38
• Net interest margin: 3.25%, up 4 basis points
• Noninterest income: $722 million, down 8% from Q2
• CET1 ratio: 10.1%
• Year-to-date buybacks: $409 million

Sources

1. Huntington Bancshares Incorporated, Form 8-K (Item 2.02) with Exhibit 99.1 earnings release dated Oct. 22, 2026, accession 0000049196-26-000084

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