Huntington Bancshares Slips as Interest Income Misses Targets

The Columbus-based holding company posted earnings of 33 cents a share, missing the 36-cent target set by FactSet analysts. When stripping out one-time items, adjusted earnings reached 39 cents a share, aligning with market expectations. Despite this recovery, the stock remains largely flat for the year.

Revenue pressures centered on net interest income, which climbed 40% to $2.05 billion. This figure trailed the $2.1 billion anticipated by analysts. On a more positive note, the bank’s net interest margin saw expansion, rising to 3.21% from 3.11% in the prior year period.