LKFN - Huntington Bancshares Q2 Earnings and Revenues Beat Estimates | Benzinga
Huntington Bancshares (NASDAQ: HBAN) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this regional bank holding company would post earnings of $0.25 per share when it actually produced earnings of $0.28, delivering a surprise of 12%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Huntington Bancshares, which belongs to the Zacks Banks - Midwest industry, posted revenues of $1.82 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.13%. This compares to year-ago revenues of $1.85 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Huntington Bancshares shares have ...