#United States #Columbus #Huntington Bank #Cadence Bank #Veritex Holdings

Huntington Bancshares 2026 First-Quarter Earnings Report

Huntington Bancshares Incorporated has released its financial results for the first quarter of 2026, revealing a promising start to the year. The company reported net income of $523 million, translating to earnings of $0.25 per common share. This figure shows a modest increase of 1% compared to the previous quarter but a slight dip from the same period last year. The quarter was marked by significant activities, including the integration of Veritex Holdings and a new partnership with Cadence Bank, both crucial to Huntington’s growth strategy.

Key Financial Highlights

• - Earnings Per Share (EPS) decreased from the previous quarter by $0.05 and $0.09 year-over-year, reflecting transitional costs associated with recent acquisitions. However, the adjusted EPS remained stable at $0.37.
• - A notable increase in net interest income was reported, with an impressive climb of 19% from the last quarter and an even more substantial 33% compared to the same quarter last year, amounting to an increase of $299 million.
• - Noninterest income also saw an upward trend, rising by 17% quarterly and 38% year-over-year to $682 million.
• - Total loans and leases averaged $174.2 billion, reflecting a 19% increase from the prior quarter and a 33% year-over-year growth.
• - The company’s loan portfolio experienced robust growth, particularly in commercial loans, which surged by 24% from the previous quarter and 46% from last year, contributing significantly to the overall performance.

Moreover, total deposits exhibited a healthy rise of $31.5 billion, approximately 18% higher on a quarterly basis, and 27% when compared annually, attributing part of this increase to the acquisitions.

Strategic Acquisition Integration

In January, Huntington successfully converted systems for Veritex Holdings, a strategic move that allowed for seamless operations and integration. On February 1, 2026, the company finalized a partnership with Cadence Bank, with integration anticipated to complete by early summer. CEO Steve Steinour emphasized that these partnerships are expected to deliver growth, particularly in regions like Texas and the South, thereby enhancing Huntington’s footprint.

Risk Management and Financial Stability

Despite external factors contributing to market volatility, Huntington’s management has reported stable credit performance with a nonperforming asset ratio of 0.72% and a charge-off rate of 0.26%. Additionally, the allowance for credit losses stands at $3.4 billion, emphasizing proactive measures to mitigate risk and prepare for potential economic shifts.

Furthermore, the Common Equity Tier 1 (CET1) capital ratio was recorded at 10.2%, positioning Huntington well against regulatory requirements and showcasing its commitment to financial resilience.

CEO Insights

In his comments, CEO Steve Steinour stated, "Coming off a transformational year in 2025, Huntington delivered a strong start to 2026 through disciplined execution and continued organic growth. Our core is performing very well, our credit remains strong, and we are driving toward the revenue synergies from Veritex and Cadence partnerships."

He also highlighted the importance of maintaining a solid balance sheet during a time of economic uncertainty, ensuring that Huntington continues to be a reliable source for its customers and stakeholders.

Conference Call and Future Outlook

Huntington's management will discuss these results further in a scheduled earnings conference call on April 23, 2026, providing insights and directives that will guide the company through the remainder of the year.

In conclusion, Huntington Bancshares has laid a solid foundation for growth in 2026, driven by effective acquisitions, robust financials, and strategic planning. With continued commitment to shareholder value and customer service, Huntington is well-positioned to capitalize on future opportunities.