Earnings ·
Huntington Reports Q3 EPS of $0.33 and repurchases $100M in shares
HBANHuntington Bancshares Inc
Huntington Bancshares reported third-quarter earnings with diluted EPS of $0.33, unchanged from the prior quarter. Adjusted EPS was $0.38, down $0.01 sequentially. Net interest income rose 1% to $2.07 billion, while noninterest income fell 8% to $722 million due to lower capital markets fees and unfavorable equity valuation adjustments. The company repurchased $100 million of common shares in the quarter, bringing year-to-date buybacks to $409 million. Huntington operates as a regional bank holding company providing financial services across multiple U.S. states.