Huntington Bancshares Incorporated (HBAN Quick QuoteHBAN - Free Report) is slated to report third-quarter 2026 results on July 23, before the opening bell. The company’s quarterly revenues are expected to have increased year over year while earnings are expected to have declined.

In the last reported quarter, the bank’s results reflected improvements in net interest income and non-interest income. An increase in loan and deposit balances was another tailwind. However, an increase in non-interest expenses and higher provisions acted as spoilsports. 

HBAN has a decent earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and matched once, with an average earnings surprise of 0.73%.

Huntington Bancshares Incorporated Price and EPS Surprise

Huntington Bancshares Incorporated price-eps-surprise | Huntington Bancshares Incorporated Quote

Now, let us discuss the factors that are likely to have influenced Huntington’s third-quarter performance.

Key Factors & Estimates for HBAN’s Q3 Performance

Loans & NII: In September 2026, the Federal Reserve raised interest rates by 25 basis points to 3.75-4%, citing persistently elevated inflation. As interest rates remained unchanged for most of the quarter, the recent hike is less likely to have a significant impact on HBAN’s NII and margin in the third quarter of 2026. 

The Zacks Consensus Estimate for NII is pegged at $2.1 billion, suggesting a 37.5% increase from the year-ago quarter's reported level.

Following solid lending activity in the first half of 2026, loan growth momentum likely moderated during the to-be-reported quarter. Per the Fed’s latest data, commercial and industrial loan demand remained healthy in the third quarter, while consumer and real estate lending stayed steady. Hence, a stable interest rate environment and healthy loan demand are expected to have supported Huntington's growth in average interest-earning assets in the to-be-reported quarter.

The Zacks Consensus Estimate for average total earning assets is pegged at $258 billion, indicating a 33.8% increase from the prior-year quarter's reported level.

Non-Interest Income: The third quarter was challenging for the mortgage banking business as mortgage rates hovered around 7% and affordability was low. Both origination volume and refinance activity faced persistent headwinds from inventory constraints and a higher-for-longer rate regime. As such, HBAN's mortgage banking income is less likely to have improved in the to-be-reported quarter.

The Zacks Consensus Estimate for mortgage banking income is pegged at $41 million, suggesting a 46% decline from the prior-year quarter's reported figure.

Following a record-setting first half, global merger and acquisition (M&A) activity slowed during the third quarter as geopolitical tensions and macroeconomic uncertainties weighed on deal-making. Rising borrowing costs, persistent inflation and valuation gaps also remained headwinds. Despite these challenges, strategic acquirers continued to pursue transactions focused on expanding scale, enhancing operational resilience and strengthening competitive positioning. This is expected to have driven strong growth in HBAN's capital markets and advisory fees in the to-be-reported quarter.

The Zacks Consensus Estimate for capital markets and advisory fees is pegged at $129.6 million, indicating a 37.9% rise on a year-over-year basis.

The Zacks Consensus Estimate for wealth and asset management revenues is pegged at $135.9 million, suggesting a 30.7% rally from the year-ago reported figure.

The consensus estimate for customer deposit and loan fees for the second quarter is pegged at $129.9 million, indicating 27.4% year-over-year growth.

The consensus estimate for total non-interest income is pegged at $734.4 million, indicating a 16.9% increase from the year-ago reported figure.

Expenses: Huntington's higher personnel costs, along with increased outside data processing, technology, marketing and other service-related expenses, are anticipated to have raised its costs in the third quarter of 2026. Further, the bank's ongoing investments to expand its commercial banking capabilities in high-growth markets and complete systems conversion work are likely to have kept expenses elevated.

Asset Quality: After setting aside a decent amount for potential loan losses in the first half of 2026, Citigroup is likely to have increased reserve building in the to-be-reported quarter, as the recent Fed rate hike and expectations of another hike later this year could weigh on borrowers’ repayment capacity.

What Does Our Model Unveil for HBAN?

Our proven model does not predict an earnings beat for Huntington this time. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you can see below.

You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Earnings ESP: Huntington Bancshares has an Earnings ESP of -0.47%.

Zacks Rank: HBAN currently carries a Zacks Rank of 5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank stocks here. 

The Zacks Consensus Estimate for Huntington Bancshares’ third-quarter earnings of 38 cents per share has been unchanged over the past seven days. The figure suggests a 5% decline from the year-ago reported number.

The consensus estimate for revenues is pegged at $2.8 billion, indicating a year-over-year increase of 31.2%.

Performances of Other Banks

U.S. Bancorp (USB Quick QuoteUSB - Free Report) reported third-quarter 2026 earnings per share of $1.34, topping the Zacks Consensus Estimate by 1.5%. The bottom line increased 9.8% from $1.22 in the year-ago quarter.

USB’s results were supported by higher net interest income (NII), broad-based fee revenue growth and strong loan growth, while the company posted positive operating leverage of 240 basis points. The BTIG acquisition also contributed to capital markets revenue growth. However, a rise in non-interest expenses and provisions for credit losses were concerning.

The PNC Financial Services Group, Inc. (PNC Quick QuotePNC - Free Report) delivered adjusted earnings per share of $5.09 in the third quarter of 2026, beating the Zacks Consensus Estimate of $4.97. The bottom line increased 17% from $4.35 in the year-ago quarter.

PNC’s results reflected higher NII, solid loan and deposit growth and improved operating efficiency. However, higher expenses and increased net loan charge-offs were headwinds.