Huntington Bancshares shares dropped 3% as the bank lowered its 2027 earnings outlook and 2026 revenue growth forecasts, citing margin pressure from high interest rates and deposit competition.
Huntington lowered its fiscal 2027 EPS guidance and reduced 2026 net interest income and revenue growth forecasts, pressuring shares.
Huntington Bancshares shares fell 3% after the regional lender cut its fiscal 2027 earnings per share forecast to a range of $1.75 to $1.83. The bank cited persistent competition for deposits and higher short-term interest rates as primary headwinds, forcing a downward revision to its 2026 net interest income and revenue growth projections.
The bank cited higher short-term interest rates and increased competition in loan and deposit pricing, which are expected to limit net interest margin expansion.