Huntington Bancshares Incorporated has presented a remarkable performance in Q1 2025. The bank
beat both earnings and revenue estimates, which has resulted in strong growth in its stocks. It reported Q1 earnings of $0.34 EPS, surpassing the estimate, and a substantial growth with revenue exceeding expectations at $1.935 billion. The bank has announced a
quarterly cash dividend payout on its common and preferred stocks, alongside a $1B buyback plan which has been well received by investors. The
fee income and
NII growth contributed significantly to the favorable Q1 earnings. In addition, it announced future plans during the
UBS Financial Services Conference and the RBC Capital Markets Financial Institutions Conference.
Jim Cramer has given his stamp of approval to the bank, stating the attractiveness of banks that demonstrate growth. Despite a slight 2% dip in the share price, a dividend of US$356 has been declared.
Barclays has maintained Huntington stock with a $19 target following the EPS beat. The bank’s strong financial performance bolsters its standing among its regional competitors and the broader financial sector.
Huntington Bancshares HBAN News Analytics from Fri, 19 Jul 2024 07:00:00 GMT to Fri, 18 Apr 2025 10:25:38 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -8
