Huntington Bancshares, Inc. (HBAN) reported Friday that net income for the fourth quarter declined to $243 million or $0.15 per share from $402 million or $0.27 per share in the year-ago quarter.
Excluding the after tax impact of Notable Items, primarily related to the FDIC Deposit Insurance Fund special assessment, adjusted earnings for the quarter was $0.27 per share.
Additionally, the mark-to-market of the pay-fixed swaptions hedging program during the quarter reduced pre-tax income by $74 million, or $0.04 per share.
Total revenue for the quarter increased to $1.96 billion from $1.72 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.27 per share on revenues of $1.77 billion for the quarter. Analysts' estimates typically exclude special items.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.