01—Abstract
Summary
Summary of the 8-K filed June 8, 2026. Cited figures are marked; the original filing is the authoritative source.
Huntington Bancshares Incorporated filed this Form 8-K under Item 7.01 (Regulation FD Disclosure) to furnish slides for a presentation by Chief Financial Officer Zach Wasserman and Brant Standridge, President of Consumer and Regional Banking, at the 2026 Morgan Stanley US Financials Conference on June 9, 2026.
The slides are furnished as Exhibit 99.1 and are not deemed filed for purposes of Section 18 of the Exchange Act. The presentation reports a $285 billiona asset base, $189 billion in loans and $223 billion in deposits as of March 31, 2026. It highlights progress on the Veritex and Cadence partner integrations: Veritex is completed with its $70 million expense synergy run-rate targeted for the second quarter of 2026, and Cadence has a $365 million expense synergy run-rate expected by the fourth quarter of 2026, with system conversion expected in mid-June 2026.
Management expects $435 millionb of run-rate expense synergies by 2027 and more than $500 million of cumulative revenue synergies over three years, with a $300 million-plus run-rate expected by 2028. For fiscal 2025, the slides show GAAP diluted EPS of $1.39 and adjusted EPS of $1.45, an adjusted return on average tangible common shareholders' equity of 16.4% (15.7% before notable items), and tangible book value per share of $9.89, up 19% from $8.33 a year earlier. Management projects FY27 adjusted EPS of $1.90 to $1.93.
02—Key points
Key Highlights
- Presentation furnished under Item 7.01 for the 2026 Morgan Stanley US Financials Conference on June 9, 2026, presented by CFO Zach Wasserman and Brant Standridge.
- Balance sheet as of March 31, 2026: $285 billion in assets, $189 billion in loans and $223 billion in deposits.
- Expense synergy targets: $70 million run-rate by 2Q26 (Veritex, achieved) and $365 million by 4Q26 (Cadence), totaling $435 million expected by 2027.
- Revenue synergies expected to exceed $500 million cumulative over three years, with a $300 million-plus run-rate expected by 2028.
- FY25 adjusted EPS of $1.45 versus GAAP diluted EPS of $1.39; adjusted ROTCE of 16.4%, compared with 15.7% before notable items.
- Tangible book value per share rose to $9.89 at 4Q25 from $8.33 at 4Q24, a 19% increase.
- FY27 adjusted EPS outlook of $1.90 to $1.93 per share.
03—Questions
Frequently Asked Questions
What is the purpose of this 8-K filing?
The filing furnishes presentation slides for Huntington's appearance at the 2026 Morgan Stanley US Financials Conference on June 9, 2026. The slides are provided under Item 7.01 and are not deemed filed under Section 18 of the Exchange Act.
What expense synergies does Huntington expect from its recent acquisitions?
The slides show a $70 million run-rate expense synergy from Veritex, achieved in 2Q26, and a $365 million run-rate from Cadence by 4Q26. Management expects total run-rate expense synergies of $435 million by 2027.
What revenue synergies are expected?
Huntington expects more than $500 million of cumulative revenue synergies over three years, with a run-rate of $300 million or more by 2028. The slides cite opportunities in deposit mix, lending, fee-based services and new market penetration.
How did Huntington perform on adjusted earnings and returns in fiscal 2025?
Adjusted EPS was $1.45 compared with GAAP diluted EPS of $1.39. Adjusted return on average tangible common shareholders' equity was 16.4%, versus 15.7% before notable items, and tangible book value per share reached $9.89, up 19% from $8.33.
What is the FY27 earnings outlook?
The slides project FY27 adjusted EPS of $1.90 to $1.93 per share.
04—Continue