Huntington Bancshares (HBAN)
NASDAQ:HBAN
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Huntington Bancshares
(NASDAQ:HBAN)
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Rating:69Neutral
Price Target:
$16.50
â–¼(-0.54% Downside)
Action:ReiteratedDate:03/31/26
The score is supported by solid underlying financial performance and favorable valuation (low P/E and strong dividend yield), alongside upbeat 2026 growth guidance. These positives are tempered by weak technicals (downtrend and negative momentum) and execution risk from integrating Cadence and managing a higher expense base and CRE-related criticized assets.
Positive Factors
Scale & Geographic Expansion
The Cadence acquisition materially increases scale and market footprint across Texas and the South, broadening deposit and loan diversification and creating durable revenue capacity. Greater branch density and scale support treasury and commercial relationships, improving long-term growth optionality and competitive positioning.
Negative Factors
Material Expense Base Increase
A permanent jump in operating expenses raises the bar for efficiency and requires significant synergy delivery to restore margins. If revenue synergies lag, higher fixed costs can compress operating leverage, slow ROE recovery and constrain capital deployment over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & Geographic Expansion
The Cadence acquisition materially increases scale and market footprint across Texas and the South, broadening deposit and loan diversification and creating durable revenue capacity. Greater branch density and scale support treasury and commercial relationships, improving long-term growth optionality and competitive positioning.
Read all positive factors
Huntington Bancshares (HBAN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$33.74B
Dividend Yield3.5%
Average Volume (3M)26.27M
Price to Earnings (P/E)11.6
Beta (1Y)1.14
Revenue Growth5.73%
EPS Growth38.39%
CountryUS
Employees20,092
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.30
Shares Outstanding2,029,792,400
10 Day Avg. Volume20,559,707
30 Day Avg. Volume26,271,001
Financial Highlights & Ratios
PEG Ratio0.85
Price to Book (P/B)1.05
Price to Sales (P/S)2.06
P/FCF Ratio11.26
Enterprise Value/Market Cap1.23
Enterprise Value/Revenue3.31
Enterprise Value/Gross Profit5.37
Enterprise Value/Ebitda13.40
Forecast
1Y Price Target
$19.89Price Target Upside19.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)1.44
Revenue Forecast (FY)$11.37B
Huntington Bancshares Business Overview & Revenue Model
Company Description
Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Consumer a...
How the Company Makes Money
Huntington primarily earns revenue through a banking model centered on interest income and fee-based (noninterest) income. (1) Net interest income: The largest driver is typically the spread between interest earned on interest-earning assets—such ...
Huntington Bancshares Earnings Call Summary
Earnings Call Date:Jan 22, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
The call conveyed strong positive momentum across revenue, organic loan growth, fee income, capital generation and credit quality, supported by successful rapid integration of Veritex and clear plans for Cadence. Key near-term uncertainties include a materially larger expense base (Cadence adds ~$1.1B), timing of revenue synergies (largely not yet included in guidance), a rise in criticized assets tied to Veritex CRE, and some category-specific loan declines. On balance, the company demonstrated robust execution and growth drivers that outweigh the integration and expense execution risks.Positive Updates
Strong Full-Year Financial Performance (2025)
Reported 11% revenue growth and 16% adjusted EPS growth for 2025; delivered 290 basis points of positive operating leverage and grew tangible book value 19% year over year.
Negative Updates
Expense Base Growth and Guidance Complexity
Core baseline expenses were $4.871 billion; 2026 guidance calls for core expenses to grow 10%–11% year-over-year (including Veritex). Cadence is expected to add ~$1.1 billion to the expense base, creating near-term complexity and analyst confusion over exit run-rate and reinvestment levels.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Full-Year Financial Performance (2025)
Reported 11% revenue growth and 16% adjusted EPS growth for 2025; delivered 290 basis points of positive operating leverage and grew tangible book value 19% year over year.
Read all positive updates
Company Guidance
Management guided 2026 on a stand‑alone basis to net interest income growth of 10–13%, supported by loan growth of 11–12% and deposit growth of 8–9%, with further NIM expansion (PAA roughly 7–10 bps) and Cadence expected to contribute about $1.0–$1.85 billion of NII (including PAA) and roughly $300 million of fee revenue; total fee income is expected to grow 13–16%, core expenses to grow 10–11% (underlying Huntington mid‑single‑digit expense growth), with 150–200 bps of operating leverage, Cadence adding ~$1.1 billion to the expense base, Veritex cost synergies fully in run‑rate by Q2 and Cadence synergies by Q4 (with ~75% of Cadence synergies in 2026), net charge‑offs guided to 25–35 bps (likely toward the low end), an effective tax rate of 19–20%, a fully diluted average share count of ~2.02 billion (Q1 ~1.9 billion), cash plus securities around 25% of assets, an expected pattern of loans outpacing deposits in Q1 then deposits tracking loan growth in Q2–Q4 with deposits exiting equal to asset growth, capacity to add ~$50 million per quarter of repurchases post‑Cadence, and a goal to move adjusted CET1 toward the 9–10% midpoint.Huntington Bancshares Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.48B | 11.96B | 10.78B | 7.95B | 6.08B |
| Gross Profit | 7.70B | 6.96B | 6.90B | 6.96B | 5.97B |
| EBITDA | 2.69B | 3.02B | 3.18B | 3.25B | 1.98B |
| Net Income | 2.21B | 1.94B | 1.95B | 2.24B | 1.29B |
Balance Sheet | |||||
| Total Assets | 225.11B | 204.23B | 189.37B | 182.91B | 174.06B |
| Cash, Cash Equivalents and Short-Term Investments | 27.91B | 17.21B | 13.70B | 7.43B | 6.29B |
| Total Debt | 18.48B | 16.57B | 13.01B | 11.71B | 7.44B |
| Total Liabilities | 200.73B | 184.45B | 169.97B | 165.14B | 154.75B |
| Stockholders Equity | 24.34B | 19.74B | 19.35B | 17.73B | 19.30B |
Cash Flow | |||||
| Free Cash Flow | 2.28B | 1.67B | 2.52B | 3.81B | 1.81B |
| Operating Cash Flow | 2.54B | 1.81B | 2.66B | 4.03B | 2.06B |
| Investing Cash Flow | -8.38B | -12.12B | -3.00B | -11.61B | -3.96B |
| Financing Cash Flow | 6.49B | 13.02B | 3.77B | 8.76B | 827.00M |
Huntington Bancshares Technical Analysis
Positive
16.59
Price Trends
16.54
Positive
16.81
Negative
16.54
Positive
Market Momentum
0.08
Negative
59.73
Neutral
90.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HBAN, the sentiment is Positive. The current price of 16.59 is above the 20-day moving average (MA) of 15.71, above the 50-day MA of 16.54, and above the 200-day MA of 16.54, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 59.73 is Neutral, neither overbought nor oversold. The STOCH value of 90.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HBAN.
Huntington Bancshares Risk Analysis
Huntington Bancshares disclosed 32 risk factors in its most recent earnings report. Huntington Bancshares reported the most risks in the "Finance & Corporate" 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $23.78B | 11.00 | 11.45% | 3.74% | 4.00% | 28.54% | |
69 Neutral | $33.74B | 11.61 | 10.06% | 3.50% | 5.73% | 38.39% | |
69 Neutral | $87.72B | 10.95 | 12.12% | 3.77% | 2.91% | 33.77% | |
68 Neutral | $44.95B | 12.33 | 11.96% | 3.14% | 0.15% | 11.62% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $23.67B | 11.08 | 9.26% | 3.90% | 3.86% | 5473.29% | |
61 Neutral | $23.35B | 12.03 | 9.94% | 0.37% | -3.18% | -3.10% |
* Financial Sector Average
HBAN
Huntington Bancshares
16.67
3.89
30.46%
FITB
Fifth Third Bancorp
49.84
16.63
50.08%
FCNCA
First Citizens BancShares
1,987.01
302.33
17.95%
KEY
KeyCorp
21.57
8.12
60.32%
RF
Regions Financial
27.85
9.46
51.44%
USB
US Bancorp
56.37
20.09
55.37%
Huntington Bancshares Corporate Events
Dividends
Huntington Bancshares Declares Quarterly Preferred Stock Dividends
Positive
Mar 31, 2026
On March 30, 2026, Huntington Bancshares announced that its board declared and set aside a quarterly cash dividend of $356.25 per share, or $0.35625 per depositary share, on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock, payable June...
Business Operations and Strategy
Huntington Bancshares Highlights Growth Strategy at RBC Conference
Positive
Mar 10, 2026
On March 11, 2026, Huntington Bancshares participated in the 2026 RBC Global Financial Institutions Conference, where President of Consumer and Regional Banking Brant Standridge and Chief Financial Officer Zach Wasserman presented to analysts and ...
Business Operations and Strategy
Huntington Bancshares Highlights Strategy at UBS Financial Conference
Neutral
Feb 9, 2026
Huntington Bancshares said it would participate in the 2026 UBS US Financial Services Conference on February 10, 2026, with Chairman, President and CEO Steve Steinour and CFO Zach Wasserman presenting to analysts and investors. The bank used the a...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Huntington Bancshares Completes All-Stock Acquisition of Cadence
Positive
Feb 2, 2026
On February 1, 2026, Huntington Bancshares completed its previously announced all-stock acquisition of Cadence Bank, merging Cadence into The Huntington National Bank and issuing approximately 462 million Huntington common shares as consideration,...
Private Placements and Financing
Huntington Bancshares Raises $1.75 Billion in Debt Offering
Positive
Jan 28, 2026
On January 28, 2026, Huntington Bancshares Incorporated issued and sold $1.75 billion of debt securities, comprising $1.0 billion of 4.623% fixed-to-floating rate senior notes due 2032 and $750 million of 5.605% fixed-to-fixed rate subordinated no...
M&A TransactionsPrivate Placements and FinancingRegulatory Filings and ComplianceShareholder Meetings
Huntington Bancshares Prepares Debt Offering Ahead of Cadence Merger
Positive
Jan 23, 2026
On October 26, 2025, Huntington Bancshares and Cadence Bank agreed that Cadence will merge into The Huntington National Bank, with Huntington’s bank subsidiary surviving, a deal that subsequently received approval from shareholders of both i...
Dividends
Huntington Bancshares Maintains Quarterly Dividend, Signals Capital Stability
Positive
Jan 22, 2026
On January 22, 2026, Huntington Bancshares announced that its board declared a quarterly cash dividend of $0.155 per common share, unchanged from the prior quarter, payable on April 1, 2026 to shareholders of record as of March 18, 2026. The board...
Business Operations and StrategyM&A TransactionsShareholder Meetings
Huntington Bancshares shareholders approve Cadence Bank merger
Positive
Jan 6, 2026
On January 6, 2026, Huntington Bancshares and Cadence Bank shareholders overwhelmingly approved the planned merger of Cadence into The Huntington National Bank, as well as the issuance of Huntington common stock needed to complete the deal. At Hun...
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.