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HBAN

Huntington BancsharesNasdaqGS:HBAN Stock Report

Market Cap

US$23.3b

7D

9.6%

1Y

73.2%

Updated

27 Sep, 2021

Data

Company Financials +
HBAN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health6/6
Dividends6/6

HBAN Overview

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $123 billion of assets and a network of 839 branches, including 11 Private Client Group offices, and 1,322 ATMs across seven Midwestern states.

Huntington Bancshares Competitors

SVB Financial Group

NasdaqGS:SIVB

US$39.6b

First Republic Bank

NYSE:FRC

US$35.8b

Signature Bank

NasdaqGS:SBNY

US$16.6b

People's United Financial

NasdaqGS:PBCT

US$7.5b

Price History & Performance

Summary of all time highs, changes and price drops for Huntington Bancshares
Historical stock prices
Current Share PriceUS$15.80
52 Week HighUS$8.88
52 Week LowUS$16.91
Beta1.36
1 Month Change0.96%
3 Month Change10.64%
1 Year Change73.25%
3 Year Change5.83%
5 Year Change61.22%
Change since IPO163.55%

Recent News & Updates

Shareholder Returns

HBANUS BanksUS Market
7D9.6%8.9%2.0%
1Y73.2%79.6%32.8%

Return vs Industry: HBAN underperformed the US Banks industry which returned 79.6% over the past year.

Return vs Market: HBAN exceeded the US Market which returned 32.8% over the past year.

Price Volatility

Is HBAN's price volatile compared to industry and market?
HBAN volatility
HBAN Beta1.36
Industry Beta1.37
Market Beta1

Stable Share Price: HBAN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: HBAN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
186617,018Steve Steinourhttps://www.huntington.com

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $123 billion of assets and a network of 839 branches, including 11 Private Client Group offices, and 1,322 ATMs across seven Midwestern states. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. Huntington also provides vehicle finance, equipment finance, national settlement, and capital market services that extend beyond its core states.

Huntington Bancshares Fundamentals Summary

How do Huntington Bancshares's earnings and revenue compare to its market cap?
HBAN fundamental statistics
Market CapUS$23.33b
Earnings (TTM)US$999.00m
Revenue (TTM)US$4.69b

23.4x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HBAN income statement (TTM)
RevenueUS$4.69b
Cost of RevenueUS$0
Gross ProfitUS$4.69b
ExpensesUS$3.70b
EarningsUS$999.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.68
Gross Margin100.00%
Net Profit Margin21.28%
Debt/Equity Ratio38.5%

How did HBAN perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

63%

Payout Ratio

Valuation

Is Huntington Bancshares undervalued compared to its fair value and its price relative to the market?

40.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HBAN ($15.8) is trading below our estimate of fair value ($26.48)

Significantly Below Fair Value: HBAN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HBAN is poor value based on its PE Ratio (23.4x) compared to the US Banks industry average (11.2x).

PE vs Market: HBAN is poor value based on its PE Ratio (23.4x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: HBAN is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: HBAN is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).


Future Growth

How is Huntington Bancshares forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

24.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HBAN's forecast earnings growth (24.7% per year) is above the savings rate (2%).

Earnings vs Market: HBAN's earnings (24.7% per year) are forecast to grow faster than the US market (15% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HBAN's revenue (7.9% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: HBAN's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HBAN's Return on Equity is forecast to be low in 3 years time (11.1%).


Past Performance

How has Huntington Bancshares performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HBAN has high quality earnings.

Growing Profit Margin: HBAN's current net profit margins (21.3%) are lower than last year (21.7%).


Past Earnings Growth Analysis

Earnings Trend: HBAN's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: HBAN's earnings growth over the past year (22.9%) exceeds its 5-year average (6.1% per year).

Earnings vs Industry: HBAN earnings growth over the past year (22.9%) underperformed the Banks industry 36%.


Return on Equity

High ROE: HBAN's Return on Equity (5.5%) is considered low.


Financial Health

How is Huntington Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: HBAN's Assets to Equity ratio (8.5x) is low.

Allowance for Bad Loans: HBAN has a sufficient allowance for bad loans (227%).

Low Risk Liabilities: 92% of HBAN's liabilities are made up of primarily low risk sources of funding.

Loan Level: HBAN has an appropriate level of Loans to Assets ratio (63%).

Low Risk Deposits: HBAN's Loans to Deposits ratio (77%) is appropriate.

Level of Bad Loans: HBAN has an appropriate level of bad loans (0.9%).


Dividend

What is Huntington Bancshares's current dividend yield, its reliability and sustainability?

3.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HBAN's dividend (3.8%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: HBAN's dividend (3.8%) is in the top 25% of dividend payers in the US market (3.57%)


Stability and Growth of Payments

Stable Dividend: HBAN's dividends per share have been stable in the past 10 years.

Growing Dividend: HBAN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.7%), HBAN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HBAN's dividends in 3 years are forecast to be well covered by earnings (43.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.8yrs

Average management tenure


CEO

Steve Steinour (62 yo)

12.67yrs

Tenure

US$8,007,682

Compensation

Mr. Stephen D. Steinour, also known as Steve, serves as Director at Battelle Memorial Institute, Inc since January 2020. He is President and Chief Executive Officer of The Huntington National Bank since Ja...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD8.01M) is about average for companies of similar size in the US market ($USD11.29M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HBAN's management team is seasoned and experienced (7.8 years average tenure).


Board Members

Experienced Board: HBAN's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HBAN insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 45.1%.


Top Shareholders

Company Information

Huntington Bancshares Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Huntington Bancshares Incorporated
  • Ticker: HBAN
  • Exchange: NasdaqGS
  • Founded: 1866
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$23.330b
  • Shares outstanding: 1.48b
  • Website: https://www.huntington.com

Number of Employees


Location

  • Huntington Bancshares Incorporated
  • Huntington Center
  • 41 South High Street
  • Columbus
  • Ohio
  • 43287
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:55
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.