Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.4%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.2%, FCF Yield is 6.5%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%, CFO LTM is 2.5 Bil, FCF LTM is 2.2 Bil

Low stock price volatility
Vol 12M is 26%

Uninsured deposits are low
Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 20%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more.

Moderate capital ratio
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 8.7%

Key risks
HBAN key risks include [1] an increase in criticized loans, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.4%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.2%, FCF Yield is 6.5%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%, CFO LTM is 2.5 Bil, FCF LTM is 2.2 Bil
2 Low stock price volatility
Vol 12M is 26%
3 Uninsured deposits are low
Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 20%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more.
5 Moderate capital ratio
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 8.7%
6 Key risks
HBAN key risks include [1] an increase in criticized loans, Show more.

HBAN in ETFs

Weight = HBAN's share of each fund

SPY0.06%
VOO0.05%
IVV0.06%
VTI0.05%
ITOT0.05%
IWB0.05%
RSP0.20%
VTV0.13%
+27 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/1/2026

Huntington Bancshares (HBAN) stock has gained about 15% since 3/31/2026 because of the following key factors:

1. Strong Q1 2026 Earnings Beat and Positive Outlook. Huntington Bancshares reported robust financial results for fiscal Q1 2026 on April 23, 2026, exceeding analyst expectations. The company announced an adjusted EPS of $0.37, significantly beating the consensus estimate of $0.16 by $0.21. Net interest income increased 33% year-over-year to $1.89 billion, reflecting improved lending profitability. Management's positive outlook, including continued benefits from the Cadence Bank acquisition, expectations for organic growth, and the potential release of up to $1 billion in capital under proposed regulatory changes, further bolstered investor confidence.

2. Approval of a New Share Repurchase Program. On April 22, 2026, Huntington Bancshares' board of directors approved a new $3 billion share repurchase program. This move signaled management's confidence in the company's financial health and its commitment to returning value to shareholders, which positively impacted the stock's performance.

Show more
Updated on 7/1/2026

Huntington Bancshares (HBAN) stock has gained about 15% since 3/31/2026 because of the following key factors:

1. Strong Q1 2026 Earnings Beat and Positive Outlook. Huntington Bancshares reported robust financial results for fiscal Q1 2026 on April 23, 2026, exceeding analyst expectations. The company announced an adjusted EPS of $0.37, significantly beating the consensus estimate of $0.16 by $0.21. Net interest income increased 33% year-over-year to $1.89 billion, reflecting improved lending profitability. Management's positive outlook, including continued benefits from the Cadence Bank acquisition, expectations for organic growth, and the potential release of up to $1 billion in capital under proposed regulatory changes, further bolstered investor confidence.

2. Approval of a New Share Repurchase Program. On April 22, 2026, Huntington Bancshares' board of directors approved a new $3 billion share repurchase program. This move signaled management's confidence in the company's financial health and its commitment to returning value to shareholders, which positively impacted the stock's performance.

3. Realized Benefits and Integration Progress from Recent Acquisitions. The company continued to realize benefits from its strategic acquisitions of Cadence Bank and Veritex Holdings. The systems conversion of Veritex Holdings was successfully completed in mid-January 2026, and the partnership with Cadence Bank, which closed on February 1, 2026, saw its integration expected to be completed in fiscal Q2 2026. These acquisitions contributed to an 18% increase in average total deposits, rising by $31.5 billion from the prior quarter.

4. Bullish Analyst Sentiment and Upgraded Price Targets. Analyst sentiment for Huntington Bancshares remained largely positive, with a consensus "Strong Buy" rating from a majority of analysts. Firms like Stephens and Evercore ISI raised their ratings and price targets, citing improved operating leverage and potential capital returns. For instance, RBC Capital adjusted its price target to $21 from $20 on July 1, 2026. The average analyst price target for HBAN was $19.90, suggesting a 12.2% potential upside from early July 2026 levels.

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Stock Movement Drivers

Fundamental Drivers

The 15.2% change in HBAN stock from 3/31/2026 to 7/12/2026 was primarily driven by a 39.7% change in the company's P/E Multiple.
(LTM values as of)33120267122026Change
Stock Price ($)15.5117.8715.2%
Change Contribution By: 
Total Revenues ($ Mil)8,1318,7848.0%
Net Income Margin (%)27.2%25.1%-7.6%
P/E Multiple10.815.139.7%
Shares Outstanding (Mil)1,5451,869-17.4%
Cumulative Contribution15.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/12/2026
ReturnCorrelation
HBAN15.2% 
Market (SPY)16.1%26.3%
Sector (XLF)12.8%65.7%

Fundamental Drivers

The 5.0% change in HBAN stock from 12/31/2025 to 7/12/2026 was primarily driven by a 35.4% change in the company's P/E Multiple.
(LTM values as of)123120257122026Change
Stock Price ($)17.0217.875.0%
Change Contribution By: 
Total Revenues ($ Mil)7,9468,78410.5%
Net Income Margin (%)28.0%25.1%-10.2%
P/E Multiple11.215.135.4%
Shares Outstanding (Mil)1,4591,869-21.9%
Cumulative Contribution5.0%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/12/2026
ReturnCorrelation
HBAN5.0% 
Market (SPY)11.0%35.4%
Sector (XLF)2.2%66.2%

Fundamental Drivers

The 10.6% change in HBAN stock from 6/30/2025 to 7/12/2026 was primarily driven by a 31.9% change in the company's P/E Multiple.
(LTM values as of)63020257122026Change
Stock Price ($)16.1517.8710.6%
Change Contribution By: 
Total Revenues ($ Mil)7,5518,78416.3%
Net Income Margin (%)27.1%25.1%-7.4%
P/E Multiple11.515.131.9%
Shares Outstanding (Mil)1,4541,869-22.2%
Cumulative Contribution10.6%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/12/2026
ReturnCorrelation
HBAN10.6% 
Market (SPY)23.2%39.0%
Sector (XLF)7.7%69.3%

Fundamental Drivers

The 88.4% change in HBAN stock from 6/30/2023 to 7/12/2026 was primarily driven by a 163.1% change in the company's P/E Multiple.
(LTM values as of)63020237122026Change
Stock Price ($)9.4917.8788.4%
Change Contribution By: 
Total Revenues ($ Mil)7,5308,78416.7%
Net Income Margin (%)31.6%25.1%-20.5%
P/E Multiple5.815.1163.1%
Shares Outstanding (Mil)1,4431,869-22.8%
Cumulative Contribution88.4%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/12/2026
ReturnCorrelation
HBAN88.4% 
Market (SPY)76.3%56.3%
Sector (XLF)72.7%77.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HBAN Return27%-4%-5%34%11%4%79%
Peers Return42%-20%-4%29%22%17%102%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
HBAN Win Rate67%50%50%67%50%57% 
Peers Win Rate70%48%45%60%60%54% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
HBAN Max Drawdown-19%-31%-40%-13%-27%-21% 
Peers Max Drawdown-17%-38%-44%-13%-27%-19% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PNC, TFC, FITB, KEY, CFG. See HBAN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/10/2026 (YTD)

How Low Can It Go

EventHBANS&P 500
2025 US Tariff Shock
  % Loss-25.0%-18.8%
  % Gain to Breakeven33.3%23.1%
  Time to Breakeven79 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-20.0%-9.5%
  % Gain to Breakeven25.0%10.5%
  Time to Breakeven41 days24 days
2023 SVB Regional Banking Crisis
  % Loss-38.8%-6.7%
  % Gain to Breakeven63.4%7.1%
  Time to Breakeven432 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-23.4%-24.5%
  % Gain to Breakeven30.5%32.4%
  Time to Breakeven138 days427 days
2020 COVID-19 Crash
  % Loss-50.4%-33.7%
  % Gain to Breakeven101.8%50.9%
  Time to Breakeven278 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-25.2%-19.2%
  % Gain to Breakeven33.7%23.8%
  Time to Breakeven315 days105 days

Compare to PNC, TFC, FITB, KEY, CFG

In The Past

Huntington Bancshares's stock fell -25.0% during the 2025 US Tariff Shock. Such a loss loss requires a 33.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventHBANS&P 500
2025 US Tariff Shock
  % Loss-25.0%-18.8%
  % Gain to Breakeven33.3%23.1%
  Time to Breakeven79 days79 days
2023 SVB Regional Banking Crisis
  % Loss-38.8%-6.7%
  % Gain to Breakeven63.4%7.1%
  Time to Breakeven432 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-23.4%-24.5%
  % Gain to Breakeven30.5%32.4%
  Time to Breakeven138 days427 days
2020 COVID-19 Crash
  % Loss-50.4%-33.7%
  % Gain to Breakeven101.8%50.9%
  Time to Breakeven278 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-25.2%-19.2%
  % Gain to Breakeven33.7%23.8%
  Time to Breakeven315 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-31.3%-12.2%
  % Gain to Breakeven45.6%13.9%
  Time to Breakeven273 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-26.2%-17.9%
  % Gain to Breakeven35.5%21.8%
  Time to Breakeven170 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-22.3%-15.4%
  % Gain to Breakeven28.7%18.2%
  Time to Breakeven157 days125 days
2008-2009 Global Financial Crisis
  % Loss-92.7%-53.4%
  % Gain to Breakeven1265.9%114.4%
  Time to Breakeven2810 days1085 days
Summer 2007 Credit Crunch
  % Loss-22.5%-8.6%
  % Gain to Breakeven29.0%9.5%
  Time to Breakeven3813 days47 days

Compare to PNC, TFC, FITB, KEY, CFG

In The Past

Huntington Bancshares's stock fell -25.0% during the 2025 US Tariff Shock. Such a loss loss requires a 33.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Huntington Bancshares (HBAN)

Huntington Bancshares (HBAN) is a well-established bank holding company that operates The Huntington National Bank, offering a comprehensive suite of financial services. With approximately 1,000 branches spanning 11 states, this Columbus, Ohio-headquartered institution, founded in 1866, serves a broad spectrum of clients from individual consumers to large businesses and government entities.

The company's core services are structured to address various financial needs. For consumers and small businesses, Huntington provides everyday banking essentials like checking and savings accounts, credit cards, consumer and small business loans, mortgages, and investment products. Its Commercial Banking segment is dedicated to middle-market businesses, government and public sector entities, and commercial real estate developers, offering specialized financing, capital raising, and treasury management solutions tailored to their complex requirements.

Beyond traditional banking, Huntington also features distinct segments catering to specific markets. Its Vehicle Finance segment offers financing for automobiles, light-duty trucks, recreational vehicles, and marine craft to consumers, and provides inventory financing for dealerships. Additionally, through its Regional Banking and The Huntington Private Client Group, the company delivers private banking, wealth and investment management, and retirement planning services for affluent individuals and families.

AI Analysis | Feedback

Here are 1-3 brief analogies for Huntington Bancshares:
  • It's like Bank of America, but focused on the Midwest and surrounding states, offering a full range of consumer and commercial banking services.
  • Imagine a regional version of Chase Bank, providing everything from everyday checking accounts to complex commercial loans and wealth management solutions.

AI Analysis | Feedback

Huntington Bancshares (HBAN) offers a comprehensive suite of banking and financial services, which can be categorized as follows:

  • Deposit Accounts: Services including checking accounts, savings accounts, money market accounts, and certificates of deposit.
  • Lending and Credit Services: A wide range of loans for consumers (personal, mortgage, vehicle), small businesses, and commercial entities, along with credit cards and asset finance.
  • Commercial Banking Solutions: Specialized financial services for middle market businesses, government and public sector entities, and commercial real estate, including industry-specific financing and capital raising.
  • Vehicle Finance: Provides financing to consumers for vehicle purchases and to dealerships for new and used inventory.
  • Wealth and Investment Management: Services such as private banking, wealth management, investment management, and retirement plan services.
  • Treasury and Risk Management Services: Offerings like treasury management, corporate risk management products, interest rate risk protection, and foreign exchange.
  • Insurance Products: Various insurance offerings for consumers and businesses.
  • Digital Banking Services: Online, mobile, and telephone banking platforms for convenient account access and management.

AI Analysis | Feedback

Huntington Bancshares (HBAN) serves a diverse customer base, including both individuals and businesses. Due to the broad nature of a bank's operations and its extensive customer base across various segments, it is not feasible to list specific customer company names. Instead, its major customers can be described across the following categories:

  1. Individual Consumers: This category includes everyday individuals who utilize a wide range of personal banking services such as checking accounts, savings accounts, money market accounts, certificates of deposit, credit cards, consumer loans, mortgages, and financing for personal automobiles, light-duty trucks, recreational vehicles, and marine craft.
  2. Commercial and Business Clients: This broad category encompasses small businesses, middle market businesses, government and public sector entities, commercial real estate developers/REITs, and franchised dealerships (for inventory financing). It also includes specialized industries such as healthcare, technology and telecommunications, franchise finance, sponsor finance, and global services, all seeking various commercial banking solutions, asset finance, capital raising, and treasury management services.
  3. Wealth Management and Private Clients: This segment caters to affluent individuals and high-net-worth clients seeking specialized financial services including private banking, comprehensive wealth and investment management, and retirement plan services.

AI Analysis | Feedback

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AI Analysis | Feedback

Stephen D. Steinour, Chairman, President, and Chief Executive Officer

Stephen D. Steinour joined Huntington in 2009. Prior to this, he served as Managing Partner at CrossHarbor Capital Partners, which has been described as a private equity firm and a manager of alternative investments. Before his time at CrossHarbor Capital Partners, he was President and CEO of Citizens Financial Group, Division Executive for Fleet Financial Group, and Executive Vice President at Bank of New England. Mr. Steinour began his career as an analyst for the U.S. Treasury Department and later worked for the FDIC.

Zachary J. Wasserman, Chief Financial Officer, Senior Executive Vice President

Zachary J. Wasserman joined Huntington in November 2019. Before joining Huntington, he served as the Chief Financial Officer for Visa, Inc.'s North American business. Prior to Visa, Mr. Wasserman held various roles at American Express Company, including Chief Financial Officer of the U.S. consumer business, and for global merchant services, global network services, and the global commercial card business. He started his career in investment banking at Prudential Securities and corporate development at Mercer Partners.

Helga S. Houston, Senior Executive Vice President, Chief Risk Officer

Helga S. Houston is the Chief Risk Officer at Huntington Bancshares. She leads the company's Corporate Risk Management and Legal team, which is responsible for the enterprise risk management program that supports Huntington's strategies.

Julie C. Tutkovics, Senior Executive Vice President, Chief Marketing and Communications Officer

Julie C. Tutkovics joined Huntington in August 2016 following Huntington's acquisition of FirstMerit Corporation, where she held the position of Executive Vice President and Chief Marketing Officer from November 2010 to August 2016. Her career in banking also includes marketing and product leadership roles at New York Community Bancorp, Inc. (formerly AmTrust Bank), Citizens Financial Group (Charter One, Citizens Bank, and RBS Americas brands), Fidelity Investments, and KeyCorp.

Scott D. Kleinman, Senior Executive Vice President and President, Commercial Bank

Scott D. Kleinman succeeded Rick Remiker as Commercial Banking Director in May 2020. He has been with Huntington since 1991. During his tenure, he launched Huntington's interest rate derivative platform and commodities hedging business, expanded institutional trading, foreign exchange and public finance capabilities, and served as Chief Operating Officer of Capital Markets.

AI Analysis | Feedback

Here are the key risks to Huntington Bancshares (HBAN):

  1. Market Risk from Interest Rate Fluctuations: Huntington Bancshares is significantly exposed to market risk, primarily due to fluctuations in interest rates. The company's financial performance depends substantially on its net interest income, which is the difference between the interest earned on its assets (such as loans and investments) and the interest paid on its liabilities (like deposits and borrowings). Changes in governmental monetary policies and broader economic conditions can cause interest rates to move, directly impacting this crucial income stream. While Huntington uses financial simulation models and derivatives to manage various rate scenarios, interest rate volatility remains a core vulnerability.
  2. Credit Risk: Huntington Bancshares faces inherent credit risk, which intensifies during periods of economic downturns. This risk is particularly evident in the potential for loan and lease customers or other counterparties to be unable to fulfill their financial obligations. An increase in "criticized loans," especially within its commercial and industrial (C&I) and commercial real estate (CRE) portfolios, poses a direct threat to the bank's financial stability. Such an increase can foreshadow a rise in non-performing assets and loan losses, which would negatively affect the bank's profitability and capital ratios, potentially leading to increased loan loss provisions.
  3. Integration Risk from Acquisitions: Huntington Bancshares has recently undertaken significant acquisitions, including Cadence Bank and Veritex, which introduce substantial integration risks. The complexities involved in merging different corporate cultures, harmonizing operational processes, and consolidating technology systems can be costly and challenging. Ineffective management of these integration efforts could lead to operational inefficiencies, a decline in customer retention, or unforeseen expenses, potentially impacting the bank's performance.

AI Analysis | Feedback

The continued rapid growth and adoption of digital-only banks (neobanks) and other financial technology (fintech) companies offering core banking services, often with lower fees, superior digital user experiences, and a branchless model, poses a clear emerging threat to traditional regional banks like Huntington Bancshares by attracting customers away from their established consumer and business banking segments.

AI Analysis | Feedback

Huntington Bancshares (HBAN) operates in several significant addressable markets within the United States.

  • Consumer and Business Banking (Retail Banking): The United States retail banking market is estimated to be approximately USD 0.87 trillion in 2025.
  • Small Business Lending: The U.S. small business loan market was valued at $245.39 billion in 2023. Additionally, banks originated over $328 billion in loans to small businesses across the U.S. in 2023.
  • Mortgages: The total single-family mortgage origination volume in the U.S. is expected to reach $2.0 trillion in 2025 and increase to $2.2 trillion in 2026.
  • Commercial Banking: The U.S. commercial banking market size is estimated at USD 732.5 billion in 2025.
  • Vehicle Finance (Auto Loans): The U.S. Auto Loan Market is projected to be USD 676.20 billion in 2025.
  • Wealth Management and Private Banking: The USA Wealth Management Market oversees trillions of dollars in assets under management (AUM). Specifically, robo-advisors alone managed over $1 trillion in assets as of 2025. The United States private banking market is valued at USD 59.54 billion in 2025.
  • Treasury Management Services: The Treasury Management Market in the U.S. is estimated to be valued at USD 6.6 billion in 2025.

AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for Huntington Bancshares (HBAN)

  • Expansion into High-Growth Markets and Acquisitions: Huntington Bancshares is strategically expanding its presence, particularly through recent acquisitions like Cadence Bank and Veritex, into faster-growing Southern markets such as Texas, Mississippi, Alabama, and the Carolinas. This geographic expansion is anticipated to unlock new growth opportunities and enhance market density, leading to increased revenue.
  • Accelerated Loan and Sustained Deposit Growth: Management projects an acceleration in loan growth and continued expansion of deposit balances over the next few years. This growth is expected to be both organic and supported by the expanded footprint resulting from acquisitions, driving an increase in earning assets.
  • Net Interest Income (NII) Expansion: Huntington anticipates growth in net interest income, which is expected to be driven by factors such as the repricing of fixed assets, lower deposit costs, and effective balance sheet management. Projections indicate annual NII growth in the range of 10-13% for 2026.
  • Increased Noninterest (Fee) Income: The company expects to see a rise in noninterest income, with growth strategies focusing on diversified capital markets revenues, building advisory pipelines, and an increase in payments revenue through higher penetration of treasury management services. Core non-interest income growth is projected to be 5% to 7% for the full year 2024, with fee revenues projected to rise 13-16% in 2026.
  • Realization of Revenue Synergies from Acquisitions: Huntington is actively integrating its recent acquisitions and expects to realize significant revenue synergies. These synergies are projected to reach a run-rate of over $300 million by 2028, reinforcing the company's earnings outlook.

AI Analysis | Feedback

Share Repurchases

  • Huntington Bancshares' Board of Directors approved a $1 billion share repurchase authorization in January 2023 for the following eight quarters.
  • Another $1 billion share repurchase authorization was announced in April 2025, providing flexibility for capital deployment.
  • Management's goals for 2027 include expanded share repurchases, targeting roughly $1.1 billion to $1.2 billion.

Share Issuance

  • In 2021, the company's shares outstanding significantly increased by 41.99% from 2020, to 1.44 billion shares, following the merger with TCF Financial Corporation, which closed in June 2021.
  • Huntington announced in July 2025 the all-stock acquisition of Texas-based Veritex Community Bank for $1.9 billion, which completed in October 2025.
  • In October 2025, the company announced an all-stock deal to acquire Cadence Bank for $7.4 billion, involving the issuance of approximately 462 million new Huntington common shares. This merger was completed in February 2026.

Outbound Investments

  • In June 2021, Huntington completed the acquisition of TCF Financial Corporation, a Detroit-based bank, which expanded its presence across the Midwest.
  • During 2022, Huntington acquired Capstone Partners to enhance its capital markets capabilities and Torana to strengthen digital banking and enterprise payments strategies.
  • In October 2025, Huntington completed the acquisition of Veritex Holdings, Inc., a Texas-based lender, which added $9.3 billion in loans and $10.5 billion in deposits and expanded its presence in Texas. In February 2026, the acquisition of Cadence Bank for approximately $7.4 billion was completed, further expanding its footprint across the Southern U.S.

Capital Expenditures

  • In 2023, capital expenditures were primarily driven by investments in equipment and software aimed at alleviating labor shortages and improving operational efficiencies.
  • The company continues to focus on investments in digital channels and technology, including tools like The Hub and Huntington Heads Up®, to enhance customer engagement and financial management.
  • Huntington plans to reinvest cost savings into digital technology and marketing initiatives, with significant AI investment included under digital and technology as part of its long-term growth strategy for 2026.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HBANPNCTFCFITBKEYCFGMedian
NameHuntingt.PNC Fina.Truist F.Fifth Th.KeyCorp Citizens. 
Mkt Price17.87251.9151.6757.0723.3070.3454.37
Mkt Cap33.4102.064.547.125.329.940.2
Rev LTM8,78423,78720,5729,4617,4708,4809,122
Op Inc LTM-------
FCF LTM2,1566,8215,6721,4372,1772,5012,339
FCF 3Y Avg2,2407,4765,6982,5831,5641,9472,411
CFO LTM2,4936,8215,6722,1752,2862,6612,577
CFO 3Y Avg2,4567,4765,6983,1401,6652,0852,798

Growth & Margins

HBANPNCTFCFITBKEYCFGMedian
NameHuntingt.PNC Fina.Truist F.Fifth Th.KeyCorp Citizens. 
Rev Chg LTM16.3%12.7%54.0%13.9%61.0%9.0%15.1%
Rev Chg 3Y Avg5.6%2.9%6.8%3.9%7.8%0.1%4.8%
Rev Chg Q34.0%13.0%5.2%30.3%10.7%12.0%12.5%
QoQ Delta Rev Chg LTM8.0%3.1%1.2%7.3%2.5%2.8%3.0%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM28.4%28.7%27.6%23.0%30.6%31.4%28.5%
CFO/Rev 3Y Avg31.5%34.2%31.7%36.7%25.4%25.5%31.6%
FCF/Rev LTM24.5%28.7%27.6%15.2%29.1%29.5%28.1%
FCF/Rev 3Y Avg28.9%34.2%31.7%30.4%23.8%23.8%29.6%

Valuation

HBANPNCTFCFITBKEYCFGMedian
NameHuntingt.PNC Fina.Truist F.Fifth Th.KeyCorp Citizens. 
Mkt Cap33.4102.064.547.125.329.940.2
P/S3.84.33.15.03.43.53.7
P/Op Inc-------
P/EBIT-------
P/E15.114.111.721.713.015.114.6
P/CFO13.415.011.421.711.111.212.4
Total Yield9.4%9.7%12.7%4.6%7.7%9.2%9.3%
Dividend Yield2.8%2.6%4.1%0.0%0.0%2.6%2.6%
FCF Yield 3Y Avg9.8%10.5%10.5%9.4%9.0%9.8%9.8%
D/E0.70.71.10.40.70.40.7
Net D/E-0.10.30.4-1.00.0-1.2-0.0

Returns

HBANPNCTFCFITBKEYCFGMedian
NameHuntingt.PNC Fina.Truist F.Fifth Th.KeyCorp Citizens. 
1M Rtn2.9%6.0%0.0%5.0%2.6%4.0%3.4%
3M Rtn10.1%13.9%5.3%16.6%9.6%10.4%10.2%
6M Rtn-0.1%17.6%4.2%17.7%12.1%17.9%14.9%
12M Rtn6.6%32.2%18.9%34.8%32.5%52.3%32.3%
3Y Rtn79.1%117.8%79.3%133.0%156.3%181.5%125.4%
1M Excs Rtn4.6%5.9%2.0%6.5%2.9%4.6%4.6%
3M Excs Rtn-2.3%1.8%-7.6%3.4%-2.3%-2.0%-2.1%
6M Excs Rtn-9.0%8.8%-5.2%8.5%2.1%7.5%4.8%
12M Excs Rtn-14.5%11.8%-1.4%14.9%10.6%32.3%11.2%
3Y Excs Rtn17.8%53.4%24.2%70.4%115.3%134.0%61.9%

Comparison Analyses

null

FDIC Bank Data

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Consumer & Regional Banking5,5515,3714,9743,5942,712
Commercial Banking2,9112,8392,8082,5491,807
Treasury / Other-296-825-422150605
Regional Banking and The Huntington Private Client Group   471386
Vehicle Finance   490481
Total8,1667,3857,3607,2545,991


Operating Income by Segment
$ Mil20152014201320122011
Retail and Business Banking398235104137270
Commercial Banking290265   
Automobile Finance and Commercial Real Estate254302312310286
Regional Banking and The Huntington Private Client Group1434   
Home Lending-7-30   
Treasury Other-364815736-58
Regional and Commercial Banking  181199169
Wealth Advisors, Government Finance, and Home Lending  10014440
Total914853855825707


Net Income by Segment
$ Mil20252024202320222021
Consumer & Regional Banking1,4621,5121,315789308
Commercial Banking1,1251,1531,1791,143798
Treasury / Other-376-725-5439-185
Regional Banking and The Huntington Private Client Group   10655
Vehicle Finance   191319
Total2,2111,9401,9512,2381,295


Assets by Segment
$ Mil20252024202320222021
Consumer & Regional Banking87,30778,84173,08238,56139,929
Commercial Banking79,79866,91963,37763,81257,071
Treasury / Other58,00158,47052,90949,02747,987
Regional Banking and The Huntington Private Client Group   10,0458,325
Vehicle Finance   21,46120,752
Total225,106204,230189,368182,906174,064


Price Behavior

Price Behavior
Market Price$17.87 
Market Cap ($ Bil)33.4 
First Trading Date03/26/1990 
Distance from 52W High-5.5% 
   50 Days200 Days
DMA Price$16.60$16.44
DMA Trendindeterminateup
Distance from DMA7.7%8.7%
 3M1YR
Volatility25.0%26.4%
Downside Capture43.6587.45
Upside Capture62.9874.34
Correlation (SPY)19.4%39.2%
HBAN Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta0.110.310.590.730.821.06
Up Beta-0.580.060.910.971.091.14
Down Beta0.41-0.03-0.090.270.641.16
Up Capture76%65%74%70%67%93%
Bmk +ve Days11244067140429
Stock +ve Days13233664132380
Down Capture-28%37%45%87%87%98%
Bmk -ve Days10172358112321
Stock -ve Days8182760114352

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HBAN
HBAN6.5%26.3%0.21-
Sector ETF (XLF)7.6%14.8%0.2869.7%
Equity (SPY)22.1%12.5%1.3139.2%
Gold (GLD)23.5%27.8%0.756.4%
Commodities (DBC)23.6%18.7%0.99-14.7%
Real Estate (VNQ)13.4%13.9%0.6745.1%
Bitcoin (BTCUSD)-42.5%42.8%-1.1716.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HBAN
HBAN9.1%31.4%0.32-
Sector ETF (XLF)10.4%18.6%0.4379.5%
Equity (SPY)13.4%17.1%0.6158.3%
Gold (GLD)17.8%18.3%0.79-1.7%
Commodities (DBC)7.3%19.5%0.2712.9%
Real Estate (VNQ)2.9%18.9%0.0549.2%
Bitcoin (BTCUSD)13.8%53.4%0.4419.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HBAN
HBAN12.3%34.2%0.43-
Sector ETF (XLF)13.9%22.1%0.5782.8%
Equity (SPY)15.6%17.9%0.7560.4%
Gold (GLD)11.6%16.1%0.59-8.8%
Commodities (DBC)6.0%18.0%0.2621.3%
Real Estate (VNQ)5.1%20.7%0.2150.4%
Bitcoin (BTCUSD)58.6%66.2%0.9912.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity66.2 Mil
Short Interest: % Change Since 6152026-15.1%
Average Daily Volume21.4 Mil
Days-to-Cover Short Interest3.1 days
Basic Shares Quantity1,869.4 Mil
Short % of Basic Shares3.5%

Earnings Returns History

Updated 6/25/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/23/20260.1%-3.0%-5.8%
1/22/2026-6.0%-9.1%-4.0%
10/20/20252.2%3.7%-1.3%
7/18/2025-1.6%-2.0%-2.4%
4/17/20253.0%9.6%21.9%
1/17/20251.0%2.1%0.3%
10/17/2024-2.6%-1.9%10.7%
7/19/20243.9%5.3%-2.8%
...
SUMMARY STATS   
# Positive121312
# Negative111011
Median Positive3.0%2.4%10.3%
Median Negative-2.6%-4.2%-4.0%
Max Positive9.5%12.9%23.3%
Max Negative-9.0%-9.7%-13.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/23/20260.1%-3.0%-5.8%
1/22/2026-6.0%-9.1%-4.0%
10/20/20252.2%3.7%-1.3%
7/18/2025-1.6%-2.0%-2.4%
4/17/20253.0%9.6%21.9%
1/17/20251.0%2.1%0.3%
10/17/2024-2.6%-1.9%10.7%
7/19/20243.9%5.3%-2.8%
1/19/20243.9%5.7%5.1%
10/20/2023-3.9%-3.2%10.5%
7/21/2023-0.7%1.2%-6.1%
4/20/2023-1.8%-8.5%-13.6%
1/20/20230.6%6.4%9.8%
10/21/20229.5%12.9%12.8%
7/21/20222.9%1.0%10.6%
4/21/2022-1.0%-5.2%-7.9%
1/21/2022-9.0%-9.7%-5.0%
10/28/2021-0.3%1.5%-3.8%
7/29/20212.6%1.9%10.1%
4/22/2021-6.7%-1.3%0.1%
1/22/2021-4.6%-6.5%7.3%
10/22/20207.1%1.4%23.3%
7/23/20205.1%2.4%-0.3%
SUMMARY STATS   
# Positive121312
# Negative111011
Median Positive3.0%2.4%10.3%
Median Negative-2.6%-4.2%-4.0%
Max Positive9.5%12.9%23.3%
Max Negative-9.0%-9.7%-13.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202604/30/202610-Q
12/31/202502/13/202610-K
09/30/202510/28/202510-Q
06/30/202507/29/202510-Q
03/31/202504/29/202510-Q
12/31/202402/14/202510-K
09/30/202410/29/202410-Q
06/30/202407/30/202410-Q
03/31/202404/30/202410-Q
12/31/202302/16/202410-K
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202304/28/202310-Q
12/31/202202/17/202310-K
09/30/202210/28/202210-Q
06/30/202207/29/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202604/30/202610-Q
12/31/202502/13/202610-K
09/30/202510/28/202510-Q
06/30/202507/29/202510-Q
03/31/202504/29/202510-Q
12/31/202402/14/202510-K
09/30/202410/29/202410-Q
06/30/202407/30/202410-Q
03/31/202404/30/202410-Q
12/31/202302/16/202410-K
09/30/202310/27/202310-Q
06/30/202307/28/202310-Q
03/31/202304/28/202310-Q
12/31/202202/17/202310-K
09/30/202210/28/202210-Q
06/30/202207/29/202210-Q
03/31/202204/29/202210-Q
12/31/202102/18/202210-K
09/30/202111/05/202110-Q
06/30/202108/06/202110-Q
03/31/202104/30/202110-Q
12/31/202002/26/202110-K
09/30/202010/30/202010-Q
06/30/202007/31/202010-Q
03/31/202005/01/202010-Q
12/31/201902/14/202010-K
09/30/201910/28/201910-Q
06/30/201907/29/201910-Q

Insider Activity

Updated 7/6/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hingst, Marcy CSEVP and General CounselDirectSell626202618.0010,568190,2244,821,465Form
2Rollins, James D Iii DirectSell616202617.35223,5223,878,10710,620,889Form
3Rollins, James D Iii LLCBuy604202620.304,79897,399203,000Form
4Rollins, James D Iii LLCBuy604202616.4687314,370197,520Form
5Rollins, James D Iii LLCBuy604202620.355,202105,861105,861Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hingst, Marcy CSEVP and General CounselDirectSell626202618.0010,568190,2244,821,465Form
2Rollins, James D Iii DirectSell616202617.35223,5223,878,10710,620,889Form
3Rollins, James D Iii LLCBuy604202620.304,79897,399203,000Form
4Rollins, James D Iii LLCBuy604202616.4687314,370197,520Form
5Rollins, James D Iii LLCBuy604202620.355,202105,861105,861Form
6Rollins, James D Iii LLCBuy604202616.5011,127183,596183,596Form
7Kleinman, Scott DSenior Exec. V.P.DirectSell603202616.2019,425314,6857,522,246Form
8Rollins, James D Iii DirectBuy429202621.053,02963,760199,975Form
9Rollins, James D Iii DirectBuy429202617.096,500111,085196,535Form
10Rollins, James D Iii DirectBuy429202621.051,97141,490136,215Form
11Steinour, Stephen DPresident, CEO & ChairmanDirectBuy316202615.4932,277499,97122,349,662Form
12Nateri, PrashantChief Corp Operations OfficerDirectSell316202615.5010,171157,6481,299,192Form
13Kleinman, Scott DSenior Exec. V.P.DirectSell316202615.2865,5301,001,2987,360,003Form
14Rollins, James D Iii DirectBuy309202625.391,12728,614101,559Form
15Rollins, James D Iii DirectBuy309202617.65851,50088,250Form
16Rollins, James D Iii DirectBuy303202621.4050010,70096,300Form
17Rollins, James D Iii DirectBuy303202621.754,00087,00087,000Form
18Rollins, James D Iii DirectBuy303202625.382,87372,91772,917Form
19Torgow, Gary DirectBuy223202617.8114,200252,90216,800,902Form
20Lawlor, Brendan AExecutive VP and CCODirectSell212202618.9317,455330,426802,593Form
21Standridge, Brantley JSenior Exec. V.P.DirectSell206202619.145,830111,5576,270,087Form
22Dhingra, AmitChief Enterprise Pmts OfficerDirectSell109202618.5010,000185,0002,879,228Form
23Kowalski, Kendall AChief Information OfficerDirectSell1215202517.802,48144,1741,274,230Form
24Hingst, Marcy CSEVP and General CounselDirectSell1215202518.0012,832230,9764,310,521Form
25Kowalski, Kendall AChief Information OfficerDirectSell1215202517.931,54727,7452,074,054Form
26Houston, HelgaSenior Exec. V. P.DirectSell1124202515.3864,587993,3488,222,767Form
27Hingst, Marcy CSEVP and General CounselDirectSell1117202515.656,416100,4103,948,579Form
28Inglis, John C DirectBuy1105202515.306,50699,5421,374,418Form
29Hingst, Marcy CSEVP and General CounselDirectSell909202518.0041,100739,8005,388,506Form

Investor Activity (13F)

Updated Jul 13, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank and community-bank filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
140 Summer Partners LP$51.6 Mil4.6%20New13F
Rhino Investment Partners, Inc$13.8 Mil3.8%39New13F
Endeavour Capital Advisors Inc$13.7 Mil3.1%42ADD +4293.9%13F
Randolph Co Inc$29.1 Mil2.8%43Hold13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
140 Summer Partners LP$51.6 Mil4.6%20New13F
Rhino Investment Partners, Inc$13.8 Mil3.8%39New13F
Endeavour Capital Advisors Inc$13.7 Mil3.1%42ADD +4293.9%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
140 Summer Partners LP$51.6 Mil4.6%20New13F
Randolph Co Inc$29.1 Mil2.8%43Hold13F
Rhino Investment Partners, Inc$13.8 Mil3.8%39New13F
Endeavour Capital Advisors Inc$13.7 Mil3.1%42ADD +4293.9%13F
Core Cache Last Updated: 7/12/2026