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Huntington Bancshares
(NASDAQ:HBAN)
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Rating:73Outperform
Price Target:
$17.50
â–²(3.24% Upside)
Action:Reiterated
Date:10/22/26
HBAN’s score is driven primarily by solid financial performance (growth with still-healthy margins, improved leverage, and supportive TTM cash generation) and a constructive earnings outlook (reiterated multi-year EPS/ROTCE targets and meaningful capital return plans). Valuation is also favorable with a modest P/E and ~4% yield. Offsetting these positives, technicals remain mixed with the stock below key longer-term moving averages and negative MACD, and management flagged ongoing deposit pricing competition and some sequential credit metric deterioration as watch items.
Positive Factors
Revenue and cash generation
Sustained revenue expansion alongside healthy profitability and approximately $3.0 billion of operating and free cash flow indicates meaningful earnings capacity. This supports ongoing investment, strengthens internal funding, and provides a durable base for growth over the next several quarters.
Negative Factors
Margin and return compression
The decline in net margin and return on equity shows that Huntington is generating weaker profitability from its larger capital base than in earlier periods. Persistent spread, credit, or cost pressure could limit earnings compounding and reduce the benefits of scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and cash generation
Sustained revenue expansion alongside healthy profitability and approximately $3.0 billion of operating and free cash flow indicates meaningful earnings capacity. This supports ongoing investment, strengthens internal funding, and provides a durable base for growth over the next several quarters.
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.
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The Fly
The FlyHuntington Bancshares (HBAN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.78B
Dividend Yield3.94%
Average Volume (3M)30.34M
Price to Earnings (P/E)12.2
Beta (1Y)1.16
Revenue Growth23.86%
EPS Growth-14.22%
CountryUS
Employees25,898
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.36
Shares Outstanding2,020,414,800
10 Day Avg. Volume26,001,794
30 Day Avg. Volume30,336,954
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 Cap1.74
Enterprise Value/Revenue3.83
Enterprise Value/Gross Profit6.01
Enterprise Value/Ebitda14.99
Forecast
1Y Price Target
$18.97Price Target Upside11.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)1.33
Revenue Forecast (FY)$11.10B
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 primarily makes money through a bank-centric revenue model built on (1) net interest income and (2) noninterest (fee-based) income. Net interest income is earned from the spread between interest and fees collected on earning assets (suc...
Huntington Bancshares Earnings Call Summary
Earnings Call Date:Oct 22, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 28, 2027
Earnings Call Sentiment Positive
The call was broadly positive. Management highlighted strong fee growth, commercial pipelines, partnership execution, capital generation, operating leverage, liquidity, and a reiterated 2027 EPS outlook. These positives outweighed the acknowledged challenges from higher rates, intense competition, deposit pricing pressure, selective lending pullbacks, and modest sequential deterioration in certain credit metrics.Positive Updates
Solid Third-Quarter Operating Performance
Management reported solid operating performance in the third quarter, supported by continued execution across core businesses, recent partnerships, strong commercial pipelines, and solid consumer spending trends.
Negative Updates
Higher Rates and Input Costs Could Pressure Growth
Management said higher interest rates and elevated prices for energy and other inputs could dampen growth in future years and potentially further exacerbate the K-shaped consumer economy.
Read all updates
Q3-2026 Updates
Positive
Negative
Solid Third-Quarter Operating Performance
Management reported solid operating performance in the third quarter, supported by continued execution across core businesses, recent partnerships, strong commercial pipelines, and solid consumer spending trends.
Read all positive updates
Company Guidance
Management expects loan growth to achieve about a 6% organic growth rate and approximately 36% on a reported basis, supporting full year NII growth of approximately 35%; NIM is expected to be approximately flat in Q4, full year deposit growth is expected to be about 32.5%, Q4 fee revenue approximately $750 million, plus or minus the normal variability around an estimate at this point in the quarter, implying full year growth of approximately 31%, and core expenses are expected to be flat in Q4 versus the Q3 level. Full year net charge offs are anticipated in a lower end of our 25% to 35 basis point guidance range, while 2026 positive operating leverage is expected to be equal to or greater than 100 basis points; 2027 EPS guidance remains $1.75 to 1.83, with 6% loan growth, flat NIMs, NII of about 6% plus a percentage point or 2 of fee income generation, revenue growth of 7%, 8%, operating leverage of 300 basis points, and PPNR growth of 9% to 10%, while 2027 EPS is expected to grow more than 20% from 2025, ROTCE is expected to trend to the 17% to 18% range, tangible book value per share is expected to increase by more than 10% from the 2025 level, share repurchases between this year and next year are expected to be about $1.8 billion to $1.9 billion, and the embedded deposit beta expectation is around 50 to 60%.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 | 3.68B | 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
16.02
Negative
16.67
Negative
16.47
Negative
Market Momentum
-0.08
Negative
53.12
Neutral
79.73
Neutral
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 above the 20-day moving average (MA) of 15.37, above the 50-day MA of 16.02, and above the 200-day MA of 16.47, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 53.12 is Neutral, neither overbought nor oversold. The STOCH value of 79.73 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $31.78B | 12.19 | 8.19% | 3.94% | 23.86% | -14.22% | |
72 Outperform | $32.03B | 11.54 | 10.65% | 2.71% | 0.14% | 18.15% | |
70 Outperform | $48.16B | 17.94 | 8.30% | 3.05% | 15.15% | -12.33% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $27.53B | 13.07 | 8.74% | 2.81% | 3.59% | 39.34% | |
66 Neutral | $24.37B | 11.09 | 12.32% | 3.83% | 0.60% | 12.74% | |
61 Neutral | $22.63B | 11.59 | 10.88% | 3.87% | 8.34% | 125.21% |
* Financial Sector Average
HBAN
Huntington Bancshares
15.73
0.67
4.45%
FITB
Fifth Third Bancorp
53.10
12.02
29.26%
KEY
KeyCorp
21.21
4.30
25.40%
MTB
M&T Bank
221.80
43.98
24.73%
RF
Regions Financial
28.61
5.31
22.80%
CFG
Citizens Financial
65.37
14.98
29.72%
Huntington Bancshares Corporate Events
Business Operations and StrategyDividends
Huntington Bancshares Maintains Quarterly Common Dividend Payout
Positive
Oct 22, 2026
On October 22, 2026, Huntington Bancshares’ board declared a quarterly cash dividend of $0.155 per share on its common stock, matching the prior quarter, payable January 4, 2027, to shareholders of record on December 18, 2026. The unchanged ...
Business Operations and StrategyExecutive/Board Changes
Huntington Bancshares Announces Executive Leadership Transition Plan
Neutral
Sep 24, 2026
Huntington Bancshares announced that Helga S. Houston, Senior Executive Vice President, notified the company on September 18, 2026, of her intention to retire. Her retirement will be effective December 31, 2026, marking a planned leadership transi...
Dividends
Huntington Bancshares Declares Quarterly Series I Preferred Dividend
Positive
Sep 18, 2026
On September 18, 2026, Huntington Bancshares declared a quarterly cash dividend on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock, listed on Nasdaq under the symbol HBANM. The dividend of $356.25 per share, equivalent to $0.35625 per ...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Huntington Bancshares Highlights Risk Outlook at Barclays Conference
Neutral
Sep 16, 2026
On September 16, 2026, Huntington Bancshares participated in the Barclays Global Financial Services Conference, where Chairman and CEO Steve Steinour and CFO Zach Wasserman presented to analysts and investors, supported by slides made available th...
Business Operations and StrategyExecutive/Board Changes
Huntington Bancshares Names Brantley Standridge as President
Positive
Sep 10, 2026
On September 3, 2026, Huntington Bancshares’ board unanimously appointed Brantley J. Standridge as President of the company and of The Huntington National Bank, effective September 8, 2026, while Stephen D. Steinour remains Chairman and Chie...
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...
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.