Huntington Slashes FY26 NII Growth Outlook to 35% From 39-43%
HBAN is trading near its 52-week low of $14.89 (12% above the low).
Summary
Huntington cut its full-year net interest income growth forecast to 35% from a prior 39-43% range, and now expects loans and deposits at the low end of previous guidance. Implied revenue growth is trimmed to 34% from 37%. The revision comes ahead of CEO Steinour and CFO Wasserman's presentation at the Barclays conference today. This follows the Q2 earnings miss in July that already pressured the stock. The guidance cut signals weaker-than-expected balance sheet growth and margin pressure, likely weighing on shares. Additionally, Huntington raised its share buyback target.
At the time of this announcement, HBAN was trading at $16.65 on NASDAQ in the Finance sector, with a market capitalization of approximately $33.8B. The 52-week trading range was $14.89 to $19.46. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.