Overview

• Huntington Q3 EPS rose $0.07 from prior qtr, $0.08 from year-ago qtr

• Net interest income increased 3% from prior qtr, 11% from year-ago qtr

• Company to merge with Veritex Holdings, Inc. on October 20, 2025

Outlook

• Company did not provide specific financial guidance for future quarters or full year

Result Drivers

• STRONG LOAN GROWTH - Average total loans and leases increased $2.8 bln, or 2%, from the prior qtr, contributing to higher net interest income

• FEE REVENUE GROWTH - Noninterest income rose 33% from prior qtr, driven by strategic fee revenue growth

• NET INTEREST MARGIN EXPANSION - Net interest income increased $39 mln, or 3%, from the prior qtr, supported by expanded net interest margin

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Huntington Bancshares Inc is $20.00, about 23.2% above its October 16 closing price of $15.37

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPnmb93ca

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)