For the quarter ended September 2023, Huntington Bancshares (HBAN - Free Report) reported revenue of $1.89 billion, down 1.2% over the same period last year. EPS came in at $0.36, compared to $0.39 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.82 billion, representing a surprise of +3.56%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.32.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Huntington Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 57% compared to the 58.2% average estimate based on six analysts.
- Net Interest Margin (FTE): 3.2% compared to the 3% average estimate based on six analysts.
- Average Balance - Total earning assets: $170.95 billion versus $174.33 billion estimated by six analysts on average.
- Net charge-off as a % of average loans and leases: 0.2% versus the five-analyst average estimate of 0.3%.
- Trust and investment management services: $62 million versus $67.24 million estimated by six analysts on average.
- Mortgage Banking Income: $27 million versus $33.26 million estimated by six analysts on average.
- Total Non-Interest Income: $509 million versus the six-analyst average estimate of $485.70 million.
- Service charges on deposit accounts: $97 million versus $85.22 million estimated by six analysts on average.
- Net Interest Income (FTE): $1.38 billion compared to the $1.34 billion average estimate based on six analysts.
- Card and payment processing income: $103 million compared to the $100.28 million average estimate based on six analysts.
- Insurance income: $31 million compared to the $30.95 million average estimate based on five analysts.
- Capital markets fees: $49 million compared to the $60.51 million average estimate based on five analysts.
View all Key Company Metrics for Huntington Bancshares here>>>Shares of Huntington Bancshares have returned -3.5% over the past month versus the Zacks S&P 500 composite's -3.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended September 2023, Huntington Bancshares (HBAN - Free Report) reported revenue of $1.89 billion, down 1.2% over the same period last year. EPS came in at $0.36, compared to $0.39 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.82 billion, representing a surprise of +3.56%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.32.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Huntington Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 57% compared to the 58.2% average estimate based on six analysts.
- Net Interest Margin (FTE): 3.2% compared to the 3% average estimate based on six analysts.
- Average Balance - Total earning assets: $170.95 billion versus $174.33 billion estimated by six analysts on average.
- Net charge-off as a % of average loans and leases: 0.2% versus the five-analyst average estimate of 0.3%.
- Trust and investment management services: $62 million versus $67.24 million estimated by six analysts on average.
- Mortgage Banking Income: $27 million versus $33.26 million estimated by six analysts on average.
- Total Non-Interest Income: $509 million versus the six-analyst average estimate of $485.70 million.
- Service charges on deposit accounts: $97 million versus $85.22 million estimated by six analysts on average.
- Net Interest Income (FTE): $1.38 billion compared to the $1.34 billion average estimate based on six analysts.
- Card and payment processing income: $103 million compared to the $100.28 million average estimate based on six analysts.
- Insurance income: $31 million compared to the $30.95 million average estimate based on five analysts.
- Capital markets fees: $49 million compared to the $60.51 million average estimate based on five analysts.
View all Key Company Metrics for Huntington Bancshares here>>>Shares of Huntington Bancshares have returned -3.5% over the past month versus the Zacks S&P 500 composite's -3.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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