Huntington Bancshares Lowers Earnings Guidance Amid Higher Interest Rates
Huntington Bancshares (NASDAQ:HBAN) shares fell by 3% after the regional bank revised its fiscal 2027 earnings forecast downward during a presentation at the Barclays Global Financial Conference. The company cited higher short-term interest rates and increased competition in loan and deposit pricing as key factors limiting net interest margin expansion, which is central to profitability for banks like Huntington. For fiscal 2026, Huntington also revised several projections including lower annual net interest income growth from a previous range of 39%–43% to approximately 35%. The bank expects slower revenue and loan growth compared with earlier forecasts. However, it raised its fee income projection for the year by nearly five percentage points. Despite these downward revisions, Huntington announced plans to increase share repurchases between $1.3 billion and $1.4 billion while maintaining investments aimed at supporting long-term business expansion.
Topics: banking interest rates net interest margin share repurchases