A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
HUNTINGTON BANCSHARES INC /MD/
HBAN
$26.1B
Mkt Cap
$17.36
-0.23%
HUNTINGTON BANCSHARES INC /MD/ (HBAN) has a current P/E ratio of 12.5, compared to its historical median P/E of 11.5. The stock is currently considered Fair based on its historical valuation range.
HUNTINGTON BANCSHARES INC /MD/ (HBAN) has a 5-year average return on invested capital (ROIC) of 5.9%. This is below average and may indicate limited pricing power.
HUNTINGTON BANCSHARES INC /MD/ (HBAN) has a market capitalization of $35.2B. It is classified as a large-cap stock.
Yes, HUNTINGTON BANCSHARES INC /MD/ (HBAN) pays a dividend with a trailing twelve-month yield of 2.64%.
Based on historical P/E analysis, HUNTINGTON BANCSHARES INC /MD/ (HBAN) appears fair. The current P/E of 12.5 is 8% above its historical median of 11.5. The estimated fair value CAGR (P/E method) is 4.8%.
HUNTINGTON BANCSHARES INC /MD/ (HBAN) operates in the National Commercial Banks industry, within the Financials sector.
HUNTINGTON BANCSHARES INC /MD/ (HBAN) reported annual revenue of $12.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Huntington Bancshares is a multi-state diversified regional bank holding company headquartered in Columbus, Ohio, operating nearly 1,400 branches across 21 states following its February 2026 acquisition of Cadence Bank. The company operates through two primary business segments: Consumer & Regional Banking, which provides deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, and insurance services to consumer and business customers through branches, digital channels, and national specialty finance partnerships; and Commercial Banking, which serves mid-market to large corporate customers with lending, capital markets, treasury management, payments, and advisory services across verticals including government, healthcare, technology, and commercial real estate. Huntington's business model emphasizes delivering a comprehensive suite of banking products distinguished by local service and customer relationships, with a "Fair Play" banking philosophy featuring customer-friendly products such as 24-Hour Grace and Asterisk-Free Checking. The company generates revenue through net interest income from lending and deposit spreads, as well as fee income from payments, wealth management, capital markets, and other advisory services. Huntington competes on the basis of value, service, and convenience, with competitive advantages rooted in its extensive branch network, digital capabilities, and integrated product platform, though it faces competition from larger banks, credit unions, FinTechs, and non-bank lenders. The company has recently completed two significant acquisitions—Veritex Holdings in October 2025 for $1.7 billion and Cadence Bank in February 2026 for approximately $8.1 billion—both positioned to expand its geographic footprint and revenue opportunities, particularly in Texas and the South.
【Integration and synergy realization】 Management expects the Veritex and Cadence integrations to proceed on schedule, with cost synergies from Veritex fully realized by the second quarter of 2026 and Cadence cost synergies reaching full run rate by the fourth quarter. Revenue synergies are anticipated to accelerate in the second half of 2026 and into 2027 as the combined organization deploys the full Huntington franchise across new markets and customer bases. The company expects to exit 2026 with a fourth-quarter efficiency ratio in the mid-to-low 54% range, reflecting significant expense efficiencies from integration activities. Management remains confident in delivering return on tangible common equity of 18%-19% in 2027, up from the prior 16%-17% target, driven by expected synergies, growth in high-return value-added services, and continued capital returns. The company expects continued strong organic loan and deposit growth, with deposits anticipated to grow at or above loan growth rates on a sequential basis, supported by strong primary bank customer acquisition and core funding momentum heading into 2027.
| Metric | Target | Period |
|---|---|---|
| Return on Tangible Common Equity (ROTCE) | 18%-19% | 2027 |
| Q4 2026 Efficiency Ratio | mid to low 54% level | Q4 2026 |
| 2026 Net Interest Income | low end of guided range | FY2026 |
| 2026 Net Interest Margin | high 320s | FY2026 |
| 2026 Fee Revenue Growth | 31%-33% | FY2026 |
| 2026 Expense Growth | lower half of the 32.5%-33.5% range | FY2026 |
| 2026 Operating Leverage | 400 basis points - 450 basis points | FY2026 |
| 2026 Share Repurchases | at least $550 million | FY2026 |
| 2027 Share Repurchases | $1.1 billion-$1.2 billion | FY2027 |
Return on Tangible Common Equity (ROTCE) (2027): “we raised our ROTCE target to 18%-19%, driven by expected synergies from our partnerships, growth in high return value added services, as well as continuing capital return. We remain confident in our ability to deliver that level of profitability in 2027.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Payments and cash management revenue | $464M | $513M | $536M | $567M | $613M | 30% |
Operating Segments | $360M | $405M | $433M | $452M | $465M | 23% |
Wealth and asset management revenue | $269M | $300M | $328M | $364M | $408M | 20% |
Customer deposit and loan fees | $227M | $231M | $211M | $227M | $250M | 12% |
Capital markets and advisory fees | — | $110M | $132M | $193M | $168M | 8% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 8.8B | 12.5B | 12.0B | 10.8B | 8.0B | 6.1B |
| Net Income | 2.1B | 2.1B | 1.8B | 1.8B | 2.1B | 1.2B |
| EPS | $1.30 | $1.39 | $1.22 | $1.24 | $1.45 | $0.90 |
| Free Cash Flow | 2.2B | 2.2B | 1.7B | 2.5B | 3.8B | 1.8B |
| ROIC | 0.0% | 5.4% | 5.3% | 6.1% | 7.9% | 4.8% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.73 | 0.76 | 0.84 | 0.67 | 0.66 | 0.39 |
| Dividends/Share | $0.46 | $0.62 | $0.62 | $0.62 | $0.62 | $0.61 |
| Operating Income | 0 | 2.7B | 130M | 160M | 156M | 76M |
| Operating Margin | 0.0% | 21.5% | 1.1% | 1.5% | 2.0% | 1.3% |
| ROE | 6.4% | 9.5% | 9.2% | 9.8% | 11.5% | 7.1% |
| Shares Outstanding | 2,027M | 1,501M | 1,476M | 1,465M | 1,466M | 1,281M |
HUNTINGTON BANCSHARES INC /MD/ passes 4 of 9 quality checks, suggesting mixed fundamentals.
HUNTINGTON BANCSHARES INC /MD/ trades at 12.5x trailing earnings, compared to its 15-year median P/E of 11.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 15.9x vs a median of 7.9x. The company's 5-year average ROIC is 5.9%. Total shareholder yield (dividends) is 2.6%. At current prices, the estimated annualized return to fair value is +2.3%.
HUNTINGTON BANCSHARES INC /MD/ (HBAN) has a net profit margin of 16.7%. This is a healthy margin.
HUNTINGTON BANCSHARES INC /MD/ (HBAN) generated $2.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HUNTINGTON BANCSHARES INC /MD/ (HBAN) has a debt-to-equity ratio of 0.76. This indicates moderate leverage.
HUNTINGTON BANCSHARES INC /MD/ (HBAN) reported earnings per share (EPS) of $1.39 in its most recent fiscal year.
HUNTINGTON BANCSHARES INC /MD/ (HBAN) has a return on equity (ROE) of 9.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 18 years of financial data for HUNTINGTON BANCSHARES INC /MD/ (HBAN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HUNTINGTON BANCSHARES INC /MD/ (HBAN) has a book value per share of $16.21, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects the Veritex and Cadence integrations to proceed on schedule, with cost synergies from Veritex fully realized by the second quarter of 2026 and Cadence cost synergies reaching full run rate by the fourth quarter. Revenue synergies are anticipated to accelerate in the second half of 2026 and into 2027 as the combined organization deploys the full Huntington franchise across new markets and customer bases. The company expects to exit 2026 with a fourth-quarter efficiency ratio in the mid-to-low 54% range, reflecting significant expense efficiencies from integration activities. Management remains confident in delivering return on tangible common equity of 18%-19% in 2027, up from the prior 16%-17% target, driven by expected synergies, growth in high-return value-added services, and continued capital returns. The company expects continued strong organic loan and deposit growth, with deposits anticipated to grow at or above loan growth rates on a sequential basis, supported by strong primary bank customer acquisition and core funding momentum heading into 2027.
Based on recent SEC filings and earnings calls, HUNTINGTON BANCSHARES INC /MD/ (HBAN) has provided the following forward guidance: Return on Tangible Common Equity (ROTCE): 18%-19% (2027); Q4 2026 Efficiency Ratio: mid to low 54% level (Q4 2026); 2026 Net Interest Income: low end of guided range (FY2026); 2026 Net Interest Margin: high 320s (FY2026); 2026 Fee Revenue Growth: 31%-33% (FY2026), plus 4 additional metrics.
Q4 2026 Efficiency Ratio (Q4 2026): “The first key milestone is our Q4 performance that will fully include the run rate benefits of the cost synergies from both Veritex and Cadence, and where we expect to deliver a Q4 efficiency ratio in the mid to low 54% level”
2026 Net Interest Income (FY2026): “we now expect to be at the low end of our guided range. This reflects two primary dynamics.”
2026 Net Interest Margin (FY2026): “we now expect 2026 NIM to trend into the high 320s compared to our prior expectation in the mid 330s.”
2026 Fee Revenue Growth (FY2026): “we're raising our expectations for fee revenue growth by 4 percentage points to 31%-33%.”
2026 Expense Growth (FY2026): “we're tightening our 2026 expense growth range to the lower half of the 32.5%-33.5% range.”
2026 Operating Leverage (FY2026): “we now expect it to be in the range of 400 basis points- 450 basis points for this year.”
2026 Share Repurchases (FY2026): “We continue to anticipate share repurchases totaling at least $550 million this year, including the approximately $250 million we've completed year to date.”
No recent press releases.