- Net interest margin for Huntington Bancshares is 2.99%, slightly below the previous quarter’s 3.01% and the estimated 3.00%.
- EPS (Earnings Per Share) is 30 cents, down from last year’s 35 cents.
- Return on average assets is 0.98%, lower than last year’s 1.18%, but above the estimate of 0.93%.
- Return on average equity is 10.4%, down from last year’s 12.7%.
- Net charge-offs are $90 million, up 84% year-over-year, but below the estimate of $96.8 million.
- Provision for credit losses is $100 million, an increase of 8.7% year-over-year, and lower than the estimate of $120.4 million.
- Revenue stands at $1.82 billion, down 1.9% from last year, but slightly above the estimate of $1.81 billion.
- Efficiency ratio is 60.8%, higher than last year’s 55.9%, but better than the estimate of 61.3%.
- Analyst recommendations include 14 buys, 7 holds, and 1 sell.
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A look at Huntington Bancshares Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analyzing the Smartkarma Smart Scores for Huntington Bancshares, the company seems to have a solid long-term outlook. With high scores in Value and Dividend factors, it indicates a strong position in terms of its financial health and potential for returns to investors. Additionally, scoring moderately in Growth and Momentum reflects a steady growth trajectory and consistent market performance for the company. However, the lower score in Resilience suggests that Huntington Bancshares may face challenges in weathering unforeseen economic downturns or market disruptions.
Huntington Bancshares Incorporated, a diverse multi-state bank holding company, offers a wide range of financial services to its customers. From commercial and consumer banking services to investment management and insurance programs, the company caters to various financial needs of individuals and businesses. With its positive Smart Scores in key areas, Huntington Bancshares seems well-positioned to continue providing value to its stakeholders in the foreseeable future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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