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Huntington Bancshares
(NASDAQ:HBAN)
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Rating:74Outperform
Price Target:
$19.50
▲(15.04% Upside)
Action:Reiterated
Date:07/29/26
HBAN scores 74 primarily on solid financial performance (strong multi-year revenue growth, decent profitability, improved leverage, and supportive free cash flow) and a constructive earnings call highlighting accelerating fees, synergy execution, and resilient credit. The main risks holding the score back are margin/NII pressure and near-term cost headwinds, while technicals are mixed with short-term weakness despite a still-positive longer-term trend. Valuation is supportive with a moderate P/E and a ~3.6% dividend yield.
Positive Factors
Diversified fee revenue growth
Huntington’s fee lines are broad-based and growing rapidly, reducing reliance on interest income. Durable fee acceleration across payments, wealth and capital markets supports more stable PPNR, improves revenue mix resilience through rate cycles, and aids long-term earnings predictability and cross-sell economics.
Negative Factors
Margin and NII pressure
Competitive deposit pricing and an upward bias to funding costs point to sustained pressure on net interest margin. Lower NII weakens the core earnings lever for banks; unless offset by durable fee growth or material re-pricing, margin compression can persist for quarters and limit earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified fee revenue growth
Huntington’s fee lines are broad-based and growing rapidly, reducing reliance on interest income. Durable fee acceleration across payments, wealth and capital markets supports more stable PPNR, improves revenue mix resilience through rate cycles, and aids long-term earnings predictability and cross-sell economics.
Read all positive factors
Huntington Bancshares Key Performance Indicators (KPIs)
Any
Net Interest Income by Segment
Measures interest earned on loans minus interest paid on deposits, broken down by business line. Reveals sensitivity to interest-rate moves, loan-mix quality, and whether core lending margins are expanding or under pressure.
Measures interest earned on loans minus interest paid on deposits, broken down by business line. Reveals sensitivity to interest-rate moves, loan-mix quality, and whether core lending margins are expanding or under pressure.
Data provided by:
The Fly
The FlyHuntington Bancshares (HBAN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$34.25B
Dividend Yield3.64%
Average Volume (3M)23.16M
Price to Earnings (P/E)12.5
Beta (1Y)1.14
Revenue Growth18.13%
EPS Growth-3.57%
CountryUS
Employees25,527
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.36
Shares Outstanding2,020,414,800
10 Day Avg. Volume28,649,381
30 Day Avg. Volume23,155,244
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)1.05
Price to Sales (P/S)2.06
P/FCF Ratio11.26
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$20.25Price Target Upside19.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)1.38
Revenue Forecast (FY)$11.26B
Huntington Bancshares Business Overview & Revenue Model
Company Description
Huntington Bancshares Incorporated, established in Columbus, Ohio, in 1866, operates as the bank holding company for The Huntington National Bank, providing a comprehensive suite of commercial, consumer, and mortgage banking services across the Un...
How the Company Makes Money
Huntington Bancshares primarily makes money through its banking operations by earning interest income on loans and investment securities and by generating fee-based (noninterest) income from a range of financial services.
1) Net interest income (...
Huntington Bancshares Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum driven by a successful Cadence conversion, robust loan and deposit growth, accelerating fee revenue, clear synergy plans and solid capital returns. Management acknowledged near-term margin pressure tied to deposit pricing, higher integration-related expenses this quarter, some loan-mix and production headwinds (notably in auto), and temporary balance-sheet effects. Overall the positive execution, accelerating revenue streams, synergy visibility and credit resilience outweigh the near-term NII/margin uncertainty.Positive Updates
Successful Cadence Conversion and Operational Execution
Completed Cadence systems conversion 235 days after announcement; trained and transitioned 4,500 colleagues, onboarded hundreds of thousands of customers, converted ATM/ITM locations and updated more than 4,000 signs, and provided treasury onboarding to over 6,000 high-value commercial customers. Deposits grew during the conversion weekend and subsequent weeks, demonstrating strong customer and colleague engagement.
Negative Updates
NII Guidance and Margin Pressure
Management qualified NII outlook as being at the low end or modestly below prior guidance. Net interest margin declined 3 basis points sequentially (though +10 bps YoY). Deposit costs increased ~6 basis points during the quarter (~1 bp from full Cadence impact, ~5 bps from legacy Huntington), and management noted competitive deposit pricing and a modest upward bias to funding costs as key headwinds.
Read all updates
Q2-2026 Updates
Positive
Negative
Successful Cadence Conversion and Operational Execution
Completed Cadence systems conversion 235 days after announcement; trained and transitioned 4,500 colleagues, onboarded hundreds of thousands of customers, converted ATM/ITM locations and updated more than 4,000 signs, and provided treasury onboarding to over 6,000 high-value commercial customers. Deposits grew during the conversion weekend and subsequent weeks, demonstrating strong customer and colleague engagement.
Read all positive updates
Company Guidance
The company reiterated a constructive near‑ and medium‑term outlook, expecting sequential loan growth each quarter funded by continued deposit growth, NII to be at the low end or modestly below the prior range for 2026 (Q2 NII was $2.1B, +8.5% QoQ) with NIM down 3 bps QoQ but seen as troughing in Q2 and projected to be low‑3.20% in Q3 and mid‑to‑high‑3.20% in Q4, while fee income is tracking to the high end or above guidance (value‑added fees +15% QoQ and >60% YoY, ~30% organic; payments +10% YoY; wealth +12%; capital markets +46%; loan & deposit fees +19%); adjusted PPNR rose 12% QoQ and they generated 210 bps of positive operating leverage over the past year. On expenses, noninterest expense was $1.8B in Q2 ($1.7B ex‑items) and they remain on track for $365M of Cadence cost synergies and $435M of combined Veritex+Cadence run‑rate cost saves by Q4, targeting a Q4 core efficiency ratio in the mid‑to‑low 54% range and >1.5% baseline expense reduction in 2026. Capital and shareholder returns: YTD repurchases $310M of a $550M 2026 plan (expecting at least $550M total for 2026), with $1.1B–$1.2B planned repurchases in 2027, tangible book value growth targeted at high‑single to low‑double digits, and ROTCE goals of 18%–19% (Q2 ROTCE 17.5%, TTM 16.7%), with 2027 EPS guidance of $1.90–$1.93. Credit remains strong (CCAR modeled cumulative loan losses 5.9% of avg loans; NCOs expected in the lower half of the 25–35 bps guide), and management sees the fourth quarter as the clear inflection point for demonstrating the combined franchise’s earnings power.Huntington Bancshares Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.41B | 12.48B | 11.96B | 10.78B | 7.95B | 6.08B |
| Gross Profit | 9.18B | 7.70B | 6.96B | 6.90B | 6.96B | 5.97B |
| EBITDA | 3.49B | 3.45B | 3.02B | 3.18B | 3.25B | 1.98B |
| Net Income | 2.40B | 2.21B | 1.94B | 1.95B | 2.24B | 1.29B |
Balance Sheet | ||||||
| Total Assets | 283.98B | 225.11B | 204.23B | 189.37B | 182.91B | 174.06B |
| Cash, Cash Equivalents and Short-Term Investments | 38.54B | 27.91B | 17.21B | 13.70B | 7.43B | 6.29B |
| Total Debt | 21.85B | 18.48B | 16.57B | 13.01B | 11.71B | 7.44B |
| Total Liabilities | 251.32B | 200.73B | 184.45B | 169.97B | 165.14B | 154.75B |
| Stockholders Equity | 32.62B | 24.34B | 19.74B | 19.35B | 17.73B | 19.30B |
Cash Flow | ||||||
| Free Cash Flow | 2.96B | 2.28B | 1.67B | 2.52B | 3.81B | 1.81B |
| Operating Cash Flow | 2.97B | 2.54B | 1.81B | 2.66B | 4.03B | 2.06B |
| Investing Cash Flow | -3.96B | -8.38B | -12.12B | -3.00B | -11.61B | -3.96B |
| Financing Cash Flow | -601.00M | 6.49B | 13.02B | 3.77B | 8.76B | 827.00M |
Huntington Bancshares Technical Analysis
Neutral
16.95
Price Trends
17.57
Negative
16.89
Positive
16.74
Positive
Market Momentum
-0.12
Positive
41.59
Neutral
11.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HBAN, the sentiment is Neutral. The current price of 16.95 is below the 20-day moving average (MA) of 17.42, below the 50-day MA of 17.57, and above the 200-day MA of 16.74, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 41.59 is Neutral, neither overbought nor oversold. The STOCH value of 11.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HBAN.
Huntington Bancshares Risk Analysis
Huntington Bancshares disclosed 2 risk factors in its most recent earnings report. Huntington Bancshares reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Huntington Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $97.24B | 12.53 | 12.49% | 3.25% | 2.39% | 19.99% | |
74 Outperform | $34.25B | 12.53 | 8.58% | 3.57% | 18.13% | -3.57% | |
74 Outperform | $23.36B | 12.77 | 10.12% | 3.62% | 18.47% | ― | |
71 Outperform | $26.09B | 12.38 | 11.79% | 3.43% | 0.26% | 14.72% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $24.00B | 11.64 | 10.68% | 0.38% | -1.38% | 10.35% | |
65 Neutral | $49.78B | 18.61 | 8.43% | 2.79% | 17.05% | -8.65% |
* Financial Sector Average
HBAN
Huntington Bancshares
16.86
-0.30
-1.73%
FITB
Fifth Third Bancorp
54.85
10.75
24.37%
FCNCA
First Citizens BancShares
2,160.14
165.05
8.27%
KEY
KeyCorp
22.02
3.46
18.62%
RF
Regions Financial
30.40
4.12
15.69%
USB
US Bancorp
62.40
15.60
33.32%
Huntington Bancshares Corporate Events
Business Operations and StrategyDividends
Huntington Bancshares Maintains Stable Quarterly Dividend Policy
Positive
Jul 23, 2026
On July 23, 2026, Huntington Bancshares announced that its board declared a quarterly cash dividend of $0.155 per common share, matching the prior quarter and payable on Oct. 1, 2026, to shareholders of record as of Sept. 17, 2026. The decision si...
Business Operations and StrategyDividends
Huntington Bancshares Declares Quarterly Preferred Stock Dividend
Positive
Jun 25, 2026
On June 25, 2026, Huntington Bancshares announced that its Board of Directors declared and set aside a quarterly cash dividend on the company’s 5.70% Series I Non-Cumulative Perpetual Preferred Stock. The dividend of $356.25 per preferred sh...
Business Operations and StrategyRegulatory Filings and Compliance
Huntington Bancshares to Present at 2026 Morgan Stanley Conference
Neutral
Jun 8, 2026
Huntington Bancshares said it would participate in the 2026 Morgan Stanley US Financials Conference on Tuesday, June 9, 2026, with Chief Financial Officer Zach Wasserman and Brant Standridge, president of Consumer and Regional Banking, scheduled t...
Business Operations and StrategyRegulatory Filings and Compliance
Huntington Highlights Growth Outlook at Bernstein Investor Conference
Neutral
May 27, 2026
Huntington Bancshares Incorporated, a super regional U.S. bank with The Huntington National Bank as its primary subsidiary, provides consumer and commercial banking, capital markets services, payments solutions, and comprehensive wealth management...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.