Huntington Bancshares (HBAN) Q1 FY2026 earnings: revenue $2.6 billion, up 34.0% on the year

Huntington Bancshares Inc. (HBAN) reported revenue of $2.6 billion for Q1 FY2026, the quarter ended 31 March 2026, up 34.0% on the same quarter a year earlier. Net income was $523 million, down 0.8% on the year, and diluted earnings per share $0.25. The figures are the company's own, from the 10-Q it filed with the SEC on 30 April 2026.

Revenue

$2.6 billion

+34.0% on the year · +18.4% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

n/a

Q2 FY2024Q1 FY2026

Net income

$523 million

-0.8% on the year · +0.8% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$0.25

-26.5% on the year · -16.7% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised.

Adjusted EPS flat, reported EPS $0.25: Adjusted EPS, excluding Notable Items, was $0.37, unchanged from the prior quarter. Reported EPS was $0.25 for the quarter, with $271 million of pre-tax Notable Items.
Net interest income rose 19%: Net interest income was $1,891 million, up $299 million from the prior quarter and $465 million from the year-ago quarter, with acquisitions contributing to the increase.
Cadence added $36.9 billion of loans: The Cadence acquisition added $36.9 billion of loans at the acquisition date, including $17.4 billion of commercial and industrial loans and $9.4 billion of commercial real estate loans.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	2,573	2,174	1,920	+18.4%	+34.0%
Pre-tax income	641	631	653	+1.6%	-1.8%
Income tax	114	108	122	+5.6%	-6.6%
Effective tax rate	17.8%	17.1%	18.7%
Net income	523	519	527	+0.8%	-0.8%
Net margin	20.3%	23.9%	27.4%
Diluted EPS	$0.25	$0.30	$0.34	-16.7%	-26.5%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	524	928	513	-43.5%	+2.1%
Capital expenditure	124	118	54.0	+5.1%	+129.6%
Free cash flow	400	810	459	-50.6%	-12.9%
Cash from investing	-135	-1,436	-2,150
Cash from financing	5,302	1,265	4,100	+319.1%	+29.3%
Depreciation and amortisation	191	190	209	+0.5%	-8.6%
Share-based compensation	45.0	29.0	21.0	+55.2%	+114.3%
Buybacks	150	n/a	0.0
Dividends paid	248	228	226	+8.8%	+9.7%
Dividend per share	$0.15	n/a	$0.15		0.0%
Diluted shares, weighted	1,901m	1,505m	1,482m	+26.3%	+28.3%
Shares outstanding at period end	2,027m	1,568m	1,457m	+29.3%	+39.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	32,535	24,342	20,434	+33.7%	+59.2%
Non-controlling interest	46.0	37.0	52.0	+24.3%	-11.5%
Deposits	223,482	176,610	165,337	+26.5%	+35.2%
Debt	23,469	18,482	18,760	+27.0%	+25.1%
Other liabilities	5,840	5,635	5,013	+3.6%	+16.5%
Total liabilities and equity	285,372	225,106	209,596	+26.8%	+36.2%
Fixed assets	2,138	1,321	1,085	+61.8%	+97.1%
Goodwill	9,527	5,997	5,561	+58.9%	+71.3%
Intangible assets	969	145	n/a	+568.3%
Securities held for sale or to maturity	50,325	41,390	44,154	+21.6%	+14.0%
Loans	185,575	147,105	130,242	+26.2%	+42.5%
Cash and equivalents	19,186	13,495	15,310	+42.2%	+25.3%
Other assets	17,652	15,653	13,244	+12.8%	+33.3%
Total assets	285,372	225,106	209,596	+26.8%	+36.2%

Questions

What was Huntington Bancshares' revenue in Q1 FY2026?

Huntington Bancshares (HBAN) reported revenue of $2.6 billion for Q1 FY2026, the quarter ended 31 March 2026, up 34.0% on the same quarter a year earlier.

How much did Huntington Bancshares earn in Q1 FY2026?

Net income for Q1 FY2026 was $523 million, down 0.8% on the year, and diluted earnings per share $0.25.

When did Huntington Bancshares report Q1 FY2026 results?

Huntington Bancshares filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 30 April 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,647	1,645	1,746	1,902	1,961	1,921	1,841	1,877	1,721	1,754	1,803	1,874	1,954	1,920	1,938	2,134	2,174	2,573	2,837	2,791
Interest expense	50.0	49.0	70.0	185	392	619	879	945	1,034	1,093	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	490	567	661	743	793	750	699	688	247	510	586	638	669	653	638	766	631	641	896	896
Tax rate	18%	19%	18%	20%	18%	19%	19%	20%	-0%	17%	18%	18%	20%	19%	15%	17%	17%	18%	18%	19%
Net income	401	460	539	594	645	602	559	547	243	419	474	517	530	527	536	629	519	523	727	721
Net margin	24%	28%	31%	31%	33%	31%	30%	29%	14%	24%	26%	28%	27%	27%	28%	29%	24%	20%	26%	26%
Diluted EPS	$0.25	$0.29	$0.35	$0.39	$0.42	$0.39	$0.35	$0.35	$0.15	$0.26	$0.30	$0.33	$0.34	$0.34	$0.34	$0.41	$0.30	$0.25	$0.33	$0.33
Operating cash flow	497	849	975	846	1,357	130	630	999	898	482	305	-438	1,484	513	554	487	928	524	1,123	773
Capital expenditure	90.0	73.0	50.0	42.0	49.0	25.0	32.0	23.0	60.0	32.0	42.0	42.0	27.0	54.0	54.0	41.0	118	124	96.0	90.0
Free cash flow	407	776	925	804	1,308	105	598	976	838	450	263	-480	1,457	459	500	446	810	400	1,027	683
Buybacks	150	0.0	0.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	0.0	n/a	150	159	100
Dividends paid	219	225	224	224	224	225	224	225	226	226	225	226	226	226	227	227	228	248	316	313
Shares outstanding	1,438m	1,439m	1,442m	1,443m	1,443m	1,444m	1,448m	1,448m	1,448m	1,449m	1,452m	1,453m	1,454m	1,457m	1,459m	1,459m	1,568m	2,027m	2,020m	2,015m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 30 April 2026: the filing.