Huntington Bank Adjusts Expense Growth Estimate for 2026
Huntington Bank has revised its 2026 expense growth estimate to the lower end of the 32.5% to 33.5% range, trimming some hiring and technology spending while maintaining investments in marketing and branch expansion. The bank expects slightly lower revenue due to lower net interest income, despite higher fee revenue, and is implementing efficiency initiatives to reduce expenses by $50 million.
Tickers: $HBAN
Topics: acquisitions AI implementation CFO statement efficiency initiatives expense growth