01—Abstract
Summary
Summary of the 8-K filed September 16, 2026. Cited figures are marked; the original filing is the authoritative source.
Huntington Bancshares Incorporated furnished this Form 8-K under Item 7.01 (Regulation FD) to attach slides, Exhibit 99.1, for the presentation by Chairman and CEO Steve Steinour and CFO Zach Wasserman at the 2026 Barclays Global Financial Services Conference on September 16, 2026.
The slides report balances as of June 30, 2026 of $284 billiona in assets, $189 billion in loans and $222 billion in deposits, and describe strong organic growth, fee growth and expense and revenue synergies from the CADE and Veritex partnerships. The most important investor content is a revised outlook. Management says that in response to a higher-for-longer rate environment and intensified deposit and loan competition, it has lowered its FY26 net interest income growth outlook to about 35% from 39-43%, and its implied revenue growth outlook to about 34% from about 37%.
It also cites lower-than-expected loan volume, including higher CRE and residential paydowns and lower auto production, and revised its net interest margin projection lower. It adopted a more conservative FY27 EPS target range of $1.75 to $1.83b and increased expected share repurchases to $1.3 to $1.4 billion. Offsetting these points, the slides show accelerating fee income growth of about 32% year over year, expense synergies of $435 million in run-rate by 4Q26 with expense synergies described as fully delivered, and revenue synergies expected to be $75 million or more in FY26.
The updated FY26 adjusted EPS outlook is $1.52 to $1.54c, and adjusted ROTCE is expected to be about 17%. The slides also include forward-looking statement cautions.
02—Key points
Key Highlights
- FY26 net interest income growth outlook revised to about 35% from 39-43%; implied revenue growth outlook revised to about 34% from about 37%.
- Management cites higher short-term rates, elevated deposit costs, lower-than-expected loan volume and lower auto production as drivers of the revised outlook.
- FY27 adjusted EPS target range set at $1.75 to $1.83, described as a more conservative outlook, with the net interest margin projection revised lower.
- Expected share repurchases increased to $1.3 to $1.4 billion.
- Noninterest income growth is accelerating, at about 32% year over year, and fee income drivers include capital markets, payments and wealth.
- Expense synergies of $435 million run-rate by 4Q26 are described as fully delivered; FY26 revenue synergies expected at $75 million or more.
- FY26 adjusted EPS outlook of $1.52 to $1.54 and adjusted ROTCE of about 17%, versus FY25 adjusted EPS of $1.45 and adjusted ROTCE of 16.4%.
03—Questions
Frequently Asked Questions
Why did Huntington revise its guidance after its second-quarter earnings?
The slides attribute the revision to two factors: lower-than-expected loan volume, including higher CRE and residential paydowns and lower auto production due to less attractive risk-adjusted returns, and incremental pressure on net interest margin from sustained high short-term rates raising deposit costs and lower-than-expected yields in some loan categories.
What are the revised FY26 financial outlook items?
The revised outlook includes net interest income growth of about 35% (previously 39-43%), average loan growth of about 36% (previously 36-37%), average deposit growth of about 33% (previously 33-34%), noninterest income growth excluding securities gains and losses of about 32% (previously 31-33%), and core expenses growth of 32.5-33.5%. Net charge-offs are guided at 25-35 basis points, the effective tax rate at about 18%, and average shares outstanding at about 2,000 million.
What is management's FY27 EPS target and capital return plan?
Management set a revised FY27 EPS target range of $1.75 to $1.83 and increased its expected share repurchases to $1.3 to $1.4 billion. The slides describe the FY27 outlook as more conservative, with recalibrated loan growth expectations and a lower net interest margin projection.
How are the CADE and Veritex partner synergies tracking?
The slides state that partner synergies are tracking at or above expectations. Expense synergies are described as fully delivered, with a run-rate of $435 million by 4Q26 (CADE $365 million and Veritex $70 million). Management expects FY26 revenue synergies of $75 million or more.
04—Continue