Huntington Bancshares tempered its full-year outlook.
The holding company for Huntington National Bank said Wednesday it now expects net interest income to be up 35% for the year, compared with a prior outlook for growth of 39% to 43%. Analysts polled by FactSet had expected net interest income of $8.24 billion, or a 36% increase from last year.
Huntington additionally guided for average loans and deposits to now come in at the low end of its previously disclosed outlooks, which called for a 36%-to-37% increase and a 33%-to-34% increase, respectively.
Noninterest income is now projected to increase 32%, hitting the midpoint of its prior outlook for 31% to 33% growth. Analysts are looking for noninterest income of $3.01 billion, or a 35% increase from last year.
Implied revenue growth is now anticipated to be up 34% from last year, compared with a previous forecast of up 37%.
The new outlooks came as Steve Steinour, Huntington's chief executive, and Zach Wasserman, the company's finance chief, are scheduled to present to analysts and investors at the 2026 Barclays Global Financial Services Conference.
In July, shares of Huntington Bancshares fell after the company's second-quarter results failed to meet analysts' expectations.
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