Huntington Bancshares Incorporated (NASDAQ:HBAN) Q1 2024 Earnings Call Transcript
Huntington Bancshares Incorporated beats earnings expectations. Reported EPS is $0.28, expectations were $0.25.
Stay updated with breaking news from Stephen Steinour. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Huntington Bancshares Incorporated beats earnings expectations. Reported EPS is $0.28, expectations were $0.25.
Huntington Bancshares posted a drop in first-quarter profit on Friday on lower interest income but still beat analysts' estimates, sending its shares up about 1%. Regional banks have...
Huntington Bancshares Incorporated beats earnings expectations. Reported EPS is $0.27, expectations were $0.26.
U.S. regional banks have a tougher road to growing profits in 2024 as they face pressure to pay more to depositors versus larger peers while demand from borrowers stays subdued. With the outlook for interest rates more uncertain, regional lenders' earnings will also be restrained because they are tied into securities holdings that are losing money on paper instead of making loans or investing in higher-yielding assets, said analysts. "It's going to be harder," said Richard Ramsden, a banking analyst at Goldman Sachs.
U.S. regional banks have a tougher road to growing profits in 2024 as they face pressure to pay more to depositors versus larger peers while demand from borrowers stays subdued. With the...