Huntington Bancshares delivered a strong second quarter of 2026, with organic loan and deposit growth, higher revenue, and improving profitability, while management said the company is at an inflection point after completing the Cadence systems conversion. Average loans increased $15 billion, or 8.6%, sequentially, and average deposits increased $18.8 billion, or 9.2%, sequentially. Net interest income was $2.1 billion, up 8.5% sequentially, and value-added fee revenues rose more than 60% year over year. Management reaffirmed longer-term 2027 targets, including earnings per share of $1.90 to $1.93 and return on tangible common equity in the 18% to 19% range, even as it expects net interest income to come in toward the low end of guidance. The bank completed $310 million of its planned $550 million share repurchase program for 2026 year-to-date and expects to repurchase an additional $1.1 billion to $1.2 billion in 2027.
Huntington Bancshares IncorporatedStrong Q2 results with organic loan/deposit growth, higher revenue, improving profitability, and reaffirmed 2027 targets, plus share repurchase progress.