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HBANP - Huntington Bancshares: A Powerhouse In Regional Banking
Huntington Bancshares Incorporated Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock
2024-04-19 10:45:54 ET
Summary
Huntington Bancshares Incorporated Q1 earnings exceeded expectations with a net income of $419 million and adjusted earnings per common share of $0.28.
The bank is experiencing healthy growth in loans and total deposits, bucking the overall trend in the regional banking sector.
Asset quality metrics were mixed, but the bank's efficiency ratio improved and its valuation remains relatively attractive.
Today we continue our Q1 regional bank coverage with Huntington Bancshares Incorporated ( HBAN ). We continue to monitor the space closely. There remain macro concerns and pressure on net interest margins, while bank asset quality so far in the banks we follow has been mixed....