- Huntington Bancshares reported a return on average assets of 1.04%, surpassing analysts’ estimate of 0.96% and improving from 0.89% year-over-year.
- Earnings per share (EPS) stood at 34 cents, up from 26 cents in the same quarter last year.
- The company posted a return on average equity of 11.3%, an increase from 9.2% year-over-year.
- Profit growth was driven by increased loans and deposits, a widened net interest margin, higher fee revenues, and stringent expense management.
- CEO Steve Steinour expressed a positive outlook for the year, citing strong organic growth driven by existing business operations and new initiatives.
- Credit quality improved, with better net-charge offs compared to both the previous quarter and the entirety of 2024.
- Huntington has consistently maintained a disciplined risk approach, resulting in strong capital and liquidity metrics, as well as top-tier credit performance.
- Market sentiment on Huntington stock is largely positive, with 15 buy ratings, 7 hold ratings, and 1 sell rating.
Huntington Bancshares on Smartkarma
Analyst coverage of Huntington Bancshares on Smartkarma highlights insights from Baptista Research, a top independent analyst on the platform. In their report titled “Huntington Bancshares Incorporated: Will Its Geographic & Sector Expansion Support Unremitting Growth In The Long Term? – Major Drivers,” they delve into the company’s recent fourth-quarter and annual results for 2024. Despite an impressive year, the report also acknowledges potential challenges ahead. The analysis emphasizes the company’s strong financial metrics and its strategic positioning for sustained growth in 2025 and beyond.
A look at Huntington Bancshares Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
With a solid overall outlook reflected through its Smartkarma Smart Scores, Huntington Bancshares Incorporated seems well-positioned for long-term success. Garnering impressive scores of 4 in Value, Dividend, and Growth, the company showcases strengths in these key areas, indicating robust financial performance, attractive dividend payouts, and promising growth prospects. Furthermore, with respectable scores of 3 in Resilience and Momentum, Huntington Bancshares indicates a level of stability and potential for future momentum in the market.
Huntington Bancshares Incorporated, a multi-state bank holding company, offers a plethora of financial services to its customers. Its subsidiaries provide a wide range of services including commercial and consumer banking, mortgage banking, investment management, trust services, and more. With its strong Smart Scores across various factors, Huntington Bancshares appears to be a company with a solid foundation and potential for sustained growth in the ever-evolving financial landscape.
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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