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Huntington Bancshares Incorporated (NASDAQ: HBAN) lowered its 2027 earnings per share guidance to a range of $1.75 to $1.83, down from a prior projection of above $1.90, while simultaneously reducing its 2026 net interest income growth outlook from 39% to 43% to roughly 35%.
The revision, announced at a Barclays conference on September 16, 2026, coincided with the Federal Reserve's first interest rate hike since 2023, triggering a 5.55% drop in the bank's stock price to $15.82.
This level sits close to the company's 52-week low. The guidance cut reflects intensifying competition for deposits and loans, which is squeezing margins as deposit costs rise and loan pricing tightens.
This pressure is not unique to Huntington; Fifth Third shares fell 4.1% on the same afternoon, mirroring a broader decline across the financials sector.
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