Huntington Lowers FY27 EPS Target to $1.75–$1.83, Raises Buyback to $1.3–$1.4B

summarizeSummary

Huntington lowered its FY27 EPS target to $1.75–$1.83 and trimmed loan, NIM, and fee growth assumptions, while raising expected share repurchases to $1.3–$1.4B.

check_boxKey Events · Earnings and Guidance · HBAN

• FY27 EPS Target Cut

  Revised FY27 EPS target range to $1.75–$1.83, down from the prior implied trajectory of $1.52–$1.54 per share.

• Loan and NIM Assumptions Lowered

  FY27 loan growth recalibrated to ~6% (from 7–8%) and net interest margin to low-mid 3.20s (from mid-high 3.20s), reflecting higher deposit costs and weaker loan volumes.

• Fee Income Growth Slows

  FY27 fee income growth revised to high-single digit from low-double digit, with FY26 noninterest income now expected up ~32% YoY.

• Buyback Increased to $1.3–$1.4B

  Expected FY27 share repurchases raised to $1.3–$1.4B, up from roughly $550M completed in FY26, signaling management sees value at current prices.

auto_awesomeAnalysis · HBAN · Finance

At its Barclays conference presentation, Huntington materially lowered its FY27 earnings outlook while simultaneously increasing its share repurchase plan. The revised FY27 EPS range of $1.75–$1.83 sits below the prior implied $1.52–$1.54 run-rate trajectory, driven by lower loan growth (~6% vs 7–8%), a lower net interest margin (low-mid 3.20s vs mid-high 3.20s), and softer fee income growth. Management cited sustained high short-term rates, elevated deposit pricing competition, and weaker loan volumes — particularly CRE and residential paydowns plus reduced auto production — as the drivers. The offsetting positive is a larger capital return: expected buybacks rise to $1.3–$1.4B for FY27, up from roughly $550M completed in FY26. For a $33.8B market-cap regional bank, the guidance cut is the dominant signal, but the buyback increase shows management still sees value in the stock near $16.77.