Huntington Bancshares (HBAN)
NASDAQ:HBAN
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Huntington Bancshares
(NASDAQ:HBAN)
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Rating:72Outperform
Price Target:
$18.50
▲(9.79% Upside)
Action:ReiteratedDate:05/04/26
HBAN scores in the low-70s driven primarily by stable financial performance (positive free cash flow and strong revenue growth) and a constructive earnings update (strong operating momentum, upgraded fee outlook, and accelerated buybacks), partially offset by normalized profitability, higher absolute debt levels, and only neutral-to-mildly positive technical momentum.
Positive Factors
Revenue & fee diversification
Huntington has materially expanded top-line scale (2021 $6.1B to $13.3B TTM) while guiding fee income to grow 13–16% in 2026 and expecting Cadence to add ~$300M. A broader mix of NII and recurring fees supports durable cash generation and lowers single-driver earnings risk.
Negative Factors
Material increase in absolute debt
Absolute debt has grown sharply (from $7.4B to $23.5B TTM), raising leverage and reducing financial flexibility. Elevated debt levels can constrain capital allocation, limit resilience to funding stress or rate shocks, and increase sensitivity to rising borrowing costs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & fee diversification
Huntington has materially expanded top-line scale (2021 $6.1B to $13.3B TTM) while guiding fee income to grow 13–16% in 2026 and expecting Cadence to add ~$300M. A broader mix of NII and recurring fees supports durable cash generation and lowers single-driver earnings risk.
Read all positive factors
Huntington Bancshares (HBAN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$32.76B
Dividend Yield3.5%
Average Volume (3M)26.37M
Price to Earnings (P/E)14.0
Beta (1Y)1.15
Revenue Growth9.10%
EPS Growth0.60%
CountryUS
Employees20,092
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.33
Shares Outstanding2,027,130,600
10 Day Avg. Volume22,790,977
30 Day Avg. Volume26,365,818
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 Cap1.46
Enterprise Value/Revenue3.60
Enterprise Value/Gross Profit5.74
Enterprise Value/Ebitda16.66
Forecast
1Y Price Target
$19.85Price Target Upside17.78% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)1.46
Revenue Forecast (FY)$11.35B
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:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call highlighted strong operating momentum: double-digit fee growth, robust PPNR expansion (+36% adjusted), solid organic loan and deposit growth, improving capital generation, record capital markets performance, and clear progress on integrations and synergies. Management tempered some near-term net interest margin and NII expectations due to a deliberate liquidity build (~$4B Fed cash), a modestly softer macro outlook and balance-sheet optimization (including reduced construction CRE exposure). They offset margin pressure with upgraded fee revenue guidance (raised to 31%–33%) and tightened expense discipline, while accelerating efficiency initiatives and maintaining an active buyback program. Overall, positive execution and a constructive 2027 profitability target (EPS $1.90–$1.93 and ROTCE 18%–19%) outweigh near-term margin and integration frictions.Positive Updates
Adjusted EPS and Earnings Growth
Reported EPS $0.25; adjusted EPS $0.37, up 9% year-over-year, reflecting organic execution and contributions from recent partnerships.
Negative Updates
NIM Guidance Trimmed
2026 NIM guidance moved to the high 3.20s from prior mid-3.30s expectation; roughly 7–8 basis points downward change driven by higher Fed cash (~5 bps) and ~2–3 bps from asset optimization and deposit cost trajectory.
Read all updates
Q1-2026 Updates
Positive
Negative
Adjusted EPS and Earnings Growth
Reported EPS $0.25; adjusted EPS $0.37, up 9% year-over-year, reflecting organic execution and contributions from recent partnerships.
Read all positive updates
Company Guidance
The company updated 2026 guidance to reflect slightly more cautious loan growth (now tracking to the midpoint of the prior range) and a modestly lower NIM—now expected in the high 3.20s (versus prior mid-3.30s), with ~5 bps of the shift from carrying ~$4 billion of Fed cash and ~2–3 bps from asset/deposit optimization—while raising fee revenue growth to 31–33% and tightening expense growth to the lower half of the 32.5–33.5% range; management still expects full‑year operating leverage of ~400–450 bps and to exit Q4 with an efficiency ratio in the mid‑ to low‑54% range, is targeting 2027 EPS of $1.90–$1.93 and ROTCE of 18–19% (having already delivered a rolling 12‑month ROTCE of 16–17%), and reiterated strong capital and liquidity positions (adjusted CET1 managed to a 9–10% operating range, Basel III Endgame modeled to lower RWA ~7.5–8% implying ~80 bps CET1 benefit, available contingent liquidity ≈173% of uninsured deposits, 69% insured deposits, unmodified LCR 118%); near‑term targets are supported by Q1 results (GAAP EPS $0.25, adjusted EPS $0.37 +9% y/y, PPNR +36% adj, NII +$301M seq / +33% y/y, NIM 3.24%, loan growth excl. Cadence +1.5% q/q or $2.2B, core deposits excl. Cadence +$3.8B q/q) and an active capital return program (2026 repurchase plan increased to $550M with >$250M completed YTD—$150M in Q1 and >$100M in Q2—retiring ~15M shares, plus a new $3B authorization).Huntington Bancshares Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.27B | 12.48B | 11.96B | 10.78B | 7.95B | 6.08B |
| Gross Profit | 8.31B | 7.70B | 6.96B | 6.90B | 6.96B | 5.97B |
| EBITDA | 2.86B | 2.69B | 3.02B | 3.18B | 3.25B | 1.98B |
| Net Income | 2.21B | 2.21B | 1.94B | 1.95B | 2.24B | 1.29B |
Balance Sheet | ||||||
| Total Assets | 285.37B | 225.11B | 204.23B | 189.37B | 182.91B | 174.06B |
| Cash, Cash Equivalents and Short-Term Investments | 37.65B | 27.91B | 17.21B | 13.70B | 7.43B | 6.29B |
| Total Debt | 23.47B | 18.48B | 16.57B | 13.01B | 11.71B | 7.44B |
| Total Liabilities | 252.79B | 200.73B | 184.45B | 169.97B | 165.14B | 154.75B |
| Stockholders Equity | 32.53B | 24.34B | 19.74B | 19.35B | 17.73B | 19.30B |
Cash Flow | ||||||
| Free Cash Flow | 2.21B | 2.28B | 1.67B | 2.52B | 3.81B | 1.81B |
| Operating Cash Flow | 2.39B | 2.54B | 1.81B | 2.66B | 4.03B | 2.06B |
| Investing Cash Flow | -4.80B | -8.38B | -12.12B | -3.00B | -11.61B | -3.96B |
| Financing Cash Flow | 6.28B | 6.49B | 13.02B | 3.77B | 8.76B | 827.00M |
Huntington Bancshares Technical Analysis
Positive
16.85
Price Trends
16.44
Positive
16.86
Negative
16.55
Positive
Market Momentum
0.17
Negative
62.79
Neutral
83.45
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 16.85 is above the 20-day moving average (MA) of 15.93, above the 50-day MA of 16.44, and above the 200-day MA of 16.55, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 62.79 is Neutral, neither overbought nor oversold. The STOCH value of 83.45 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $23.63B | 10.08 | 11.78% | 3.74% | 2.92% | 16.52% | |
74 Outperform | $85.75B | 10.39 | 12.22% | 3.77% | 3.87% | 18.20% | |
72 Outperform | $32.76B | 13.98 | 8.82% | 3.50% | 9.10% | 0.60% | |
71 Outperform | $44.73B | 58.08 | 8.86% | 3.14% | 7.66% | -5.41% | |
70 Outperform | $23.23B | 10.41 | 9.74% | 3.90% | 20.85% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $22.81B | 10.52 | 10.19% | 0.37% | -2.36% | -0.42% |
* Financial Sector Average
HBAN
Huntington Bancshares
16.16
1.76
12.18%
FITB
Fifth Third Bancorp
49.40
13.96
39.40%
FCNCA
First Citizens BancShares
1,954.45
167.27
9.36%
KEY
KeyCorp
21.66
7.10
48.73%
RF
Regions Financial
27.66
7.73
38.75%
USB
US Bancorp
55.24
15.62
39.43%
Huntington Bancshares Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Huntington Bancshares Shareholders Reaffirm Board and Governance Direction
Positive
Apr 24, 2026
At Huntington Bancshares’ 2026 Annual Meeting of Shareholders held on April 22, 2026, investors approved the full slate of director nominees, including Chair and Chief Executive Officer Stephen D. Steinour and other incumbent board members, ...
Dividends
Huntington Bancshares Maintains Quarterly Common and Preferred Dividends
Positive
Apr 23, 2026
On April 23, 2026, Huntington Bancshares announced that its board declared a quarterly cash dividend on its common stock of $0.155 per share, unchanged from the previous quarter, payable on July 1, 2026, to shareholders of record as of June 17. Th...
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...
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.