Huntington Bancshares Reports Second-Quarter Earnings Increased by 39%

Huntington Bancshares Incorporated announced its second-quarter 2026 net income reached $727 million, or $0.33 per common share. This represents a 39% increase from the first quarter and a 36% increase compared to the second quarter of 2025. The company attributed the strong performance to growth in strategic fee revenues and net interest income, aided by recent acquisitions and organic expansion.

The bank reported the successful completion of its Cadence Bank systems conversion in mid-June, marking a significant milestone in integrating the acquired institution. This integration is the final major step in the process following acquisitions. Huntington's CEO, Steve Steinour, described the results as "solid," highlighting performance across the franchise, strong credit quality, and early revenue synergies from the Cadence markets.

Noninterest income rose 15% from the prior quarter to $785 million and climbed 67% year-over-year. Average total loans and leases increased 9% from the prior quarter to $189.3 billion, including contributions from the Cadence and Veritex acquisitions. Average total deposits also saw a 9% increase from the prior quarter, reaching $60.0 billion, reflecting the impact of these recent acquisitions.

While earnings per share were slightly down compared to the year-ago quarter, the successful system conversion and ongoing integrations of Cadence and Veritex are expected to drive significant economic benefits. Huntington anticipates realizing the full earnings power of its combined operations by the fourth quarter. The company maintains a strong balance sheet and a unique super-regional model, positioning it to achieve its financial targets, including sustainable earnings growth and attractive shareholder returns.