Huntington Bancshares Set to Announce Q3 Earnings on July 23

In the previous quarter, Huntington reported increases in net interest income and non-interest income, alongside growth in loan and deposit balances. However, rising non-interest expenses and increased provisions negatively impacted overall performance.

Historically, HBAN has exhibited a solid earnings surprise record, exceeding the Zacks Consensus Estimate in three of the last four quarters and matching it once, with an average earnings surprise of 0.73%.

In considering factors influencing HBAN's third-quarter results, interest rates are vital. In September 2026, the Federal Reserve raised interest rates by 25 basis points to a range of 3.75-4%, citing ongoing inflation concerns. Since rates remained stable for most of the quarter, the recent increase is not expected to significantly affect HBAN's net interest income (NII) and margin for this period. The Zacks Consensus Estimate forecasts NII at $2.1 billion, reflecting a 37.5% year-over-year increase.

Loan growth momentum may have slowed in the quarter under review after robust lending in the first half of 2026. Nevertheless, recent Federal Reserve data indicates that commercial and industrial loan demand was strong in the third quarter, while consumer and real estate lending remained stable. This stable interest rate environment, along with healthy loan demand, is projected to support Huntington's average interest-earning assets, which are estimated at $258 billion, representing a 33.8% increase compared to the same quarter last year.

Conversely, the mortgage banking sector faced challenges in the third quarter, with mortgage rates around 7% and low affordability impacting both origination and refinancing activities. As a result, improvements in HBAN's mortgage banking income are not anticipated for this reporting period.