Huntington Bancshares Incorporated issued a Form 8-K on October 22, 2026, announcing its financial results for the quarter ended September 30, 2026. The company reported diluted earnings per share (EPS) of $0.33 for the third quarter of 2026, which remained unchanged from the prior quarter.
Key financial metrics for the quarter included a return on average tangible common equity (ROTCE) of 14.6% and an adjusted ROTCE of 16.6%. The company reported net interest income of $2.069 billion, an increase of 1% compared to the prior quarter. The net interest margin (NIM) was 3.25%, up 4 basis points from the previous quarter due to higher yields on investment securities and lower overall net funding costs.
Noninterest income decreased 8% quarter-over-quarter to $722 million, largely due to lower capital markets fees and unfavorable equity valuation adjustments. Average total loans and leases decreased 0.4% compared to the prior quarter, driven by declines in commercial real estate and total consumer loans, partially offset by higher commercial and industrial loans.
Average total deposits increased 0.2% quarter-over-quarter, with higher money market and interest-bearing demand balances, partially offset by lower time deposits. The company maintained a strong capital position, with a common equity Tier 1 (CET1) risk-based capital ratio of 10.1% and a tangible common equity (TCE) ratio of 6.9%.
The company repurchased $100 million of common shares during the quarter, bringing the total repurchased year-to-date to $409 million, representing approximately 25 million shares.
