Research
Research Alert: Hban: Q1 Earnings Beat; Net Interest Margin Expands
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HBAN posted solid Q1 2026 results with operating EPS of $0.37 vs. $0.34 in the prior year, beating consensus by $0.02. Revenue of $2.57B met consensus, up 34% Y/Y and 18% Q/Q. The successful completion of the Veritex (October 2025) and transformative Cadence Bank (February 2026) acquisitions demonstrate HBAN's execution capabilities, with initial integration proceeding well. The systems conversion of Veritex completed in January, with integration of Veritex expected in Q2 2026. Net interest income surged 19% Q/Q while net interest margin expanded 9 bps to 3.24%, reflecting disciplined deposit pricing and improved funding mix optimization. Balance sheet growth was substantial, with average loans increasing to $174B (+19% Q/Q) and deposits to $205B (+18% Q/Q), boosted by $37B in acquired loans and $44B in acquired deposits from Cadence. Credit quality remained stable, with net charge-offs of 0.26% unchanged Y/Y, though nonperforming assets increased to 0.72% primarily from acquired portfolios.
$HBAN