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Compared to Estimates, Huntington Bancshares (HBAN) Q4 Earnings: A Look at Key Metrics
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Huntington Bancshares (HBAN - Free Report) reported $1.73 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 12.1%. EPS of $0.27 for the same period compares to $0.43 a year ago.
The reported revenue represents a surprise of -1.20% over the Zacks Consensus Estimate of $1.75 billion. With the consensus EPS estimate being $0.26, the EPS surprise was +3.85%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
Average Balance - Total earning assets: $171.36 billion versus $171.19 billion estimated by six analysts on average.
Efficiency Ratio: 77% versus the six-analyst average estimate of 64.8%.
Net Interest Margin (FTE): 3.1% versus the six-analyst average estimate of 3.1%.
Net charge-offs / Average total loans and leases: 0.3% versus the five-analyst average estimate of 0.3%.
Total nonaccrual loans and leases: $338 million versus $611.26 million estimated by two analysts on average.
Mortgage banking income: $23 million compared to the $25.87 million average estimate based on six analysts.
Net interest income - FTE: $1.33 billion versus $1.32 billion estimated by six analysts on average.
Total Non-Interest Income: $405 million compared to the $423.77 million average estimate based on six analysts.
Insurance income: $19 million versus the five-analyst average estimate of $31.89 million.
Capital markets fees: $69 million versus the five-analyst average estimate of $53.40 million.
Bank owned life insurance income: $16 million compared to the $17.84 million average estimate based on four analysts.
Leasing revenue: $23 million versus the four-analyst average estimate of $32 million.
Shares of Huntington Bancshares have returned -3.2% over the past month versus the Zacks S&P 500 composite's +0.9% 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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Compared to Estimates, Huntington Bancshares (HBAN) Q4 Earnings: A Look at Key Metrics
Huntington Bancshares (HBAN - Free Report) reported $1.73 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 12.1%. EPS of $0.27 for the same period compares to $0.43 a year ago.
The reported revenue represents a surprise of -1.20% over the Zacks Consensus Estimate of $1.75 billion. With the consensus EPS estimate being $0.26, the EPS surprise was +3.85%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Average Balance - Total earning assets: $171.36 billion versus $171.19 billion estimated by six analysts on average.
- Efficiency Ratio: 77% versus the six-analyst average estimate of 64.8%.
- Net Interest Margin (FTE): 3.1% versus the six-analyst average estimate of 3.1%.
- Net charge-offs / Average total loans and leases: 0.3% versus the five-analyst average estimate of 0.3%.
- Total nonaccrual loans and leases: $338 million versus $611.26 million estimated by two analysts on average.
- Mortgage banking income: $23 million compared to the $25.87 million average estimate based on six analysts.
- Net interest income - FTE: $1.33 billion versus $1.32 billion estimated by six analysts on average.
- Total Non-Interest Income: $405 million compared to the $423.77 million average estimate based on six analysts.
- Insurance income: $19 million versus the five-analyst average estimate of $31.89 million.
- Capital markets fees: $69 million versus the five-analyst average estimate of $53.40 million.
- Bank owned life insurance income: $16 million compared to the $17.84 million average estimate based on four analysts.
- Leasing revenue: $23 million versus the four-analyst average estimate of $32 million.
View all Key Company Metrics for Huntington Bancshares here>>>Shares of Huntington Bancshares have returned -3.2% over the past month versus the Zacks S&P 500 composite's +0.9% 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.