Huntington Bancshares lowers 2027 EPS guidance to $1.75-$1.83 as higher interest rates and deposit competition pressure net interest margins and loan growth, leading to a planned increase in share buybacks.
Huntington Bancshares lowered its 2027 EPS outlook to $1.75-$1.83 due to higher funding costs, deposit competition, and slower loan growth, pressuring net interest margin.
Huntington Bancshares has lowered its 2027 earnings per share guidance to a range of $1.75 to $1.83, citing persistent funding costs and increased deposit competition. The regional lender also reported a slowdown in organic loan growth to 6%, prompting management to boost its 2027 share repurchase program by $200 million to a total of $1.4 billion.
The bank cited higher-for-longer interest rates, increased competition for deposits, and slower loan growth as primary factors pressuring its net interest margin.