Previous Close | 13.18 |
Open | 13.00 |
Bid | 13.32 x 600 |
Ask | 13.33 x 500 |
Day's Range | 12.80 - 13.44 |
52 Week Range | 9.13 - 14.07 |
Volume | |
Avg. Volume | 17,477,583 |
Market Cap | 19.402B |
Beta (5Y Monthly) | 1.12 |
PE Ratio (TTM) | 10.75 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.62 (4.70%) |
Ex-Dividend Date | Mar 15, 2024 |
1y Target Est | N/A |
Huntington's (HBAN) Q1 earnings beat estimates on improvements in average loans and deposits. However, lower NII and a y/y rise in expenses are concerning.
Although the revenue and EPS for Huntington Bancshares (HBAN) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
U.S. mid-sized banks' profits would remain under pressure for most of 2024, Wall Street analysts said, as higher deposit costs and muted loan growth drag their earnings. Regions Financial, Huntington Bancshares and Fifth Third Bancorp joined peers in reporting smaller first-quarter profits on Friday, due to a steep fall in their interest income. Net interest margin, a key measure of banking profitability that takes into account earnings from interest on loans and payments on deposits, also contracted across regional lenders for the second straight quarter.