Americas Banks: Regional: Key takeaways from HBAN and BFH earnings

Goldman Sachs reviews 3Q26 results for regional banks HBAN and BFH. HBAN reported decent results with core PPNR slightly ahead of Street on marginally higher NII (a 4bp NIM beat) and lower expenses, while core fees were softer; provisions below consensus offset a higher share count, leaving EPS in line. Guidance was reiterated for NII and loans but lowered for deposits and fees, implying roughly 2% downside to 4Q PPNR and ~1% to EPS. Management laid out a bridge from $1.54 of EPS to consensus 2027 EPS of $1.76, with $0.06 from incremental synergies, $0.02 from buybacks and ~$0.14 of implied organic growth, which broadly supports the $1.75-$1.83 2027 EPS range. BFH reported stronger than expected 3Q26 results with EPS ahead of Street on higher PPNR (lower costs, slightly higher NII, in-line core fees) and a lower provision;