Huntington Bancshares slides after interest income miss
HBAN•Shares fall after net interest income misses expectations
Regional lender Huntington Bancshares' HBAN.O shares fall 5.6% to $17.25.
HBAN's net interest income fell short of Wall Street expectations in Q2, overshadowing a profit beat.
"With net interest income missing in the quarter, and at the low end or slightly below the full-year guide, clearly there is investor concern and this has the stock down," Truist analyst Brian Foran said.
"Overall a mixed quarter given NII shortfall and deposit cost pressure, despite an impressive fee beat," Evercore analyst John Pancari said.
Up to last close, HBAN stock up 5.3% YTD.
