Stock Analysis Report

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Executive Summary

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. More Details

Snowflake Analysis

Flawless balance sheet 6 star dividend payer.

Similar Companies

Share Price & News

How has Huntington Bancshares's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: HBAN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HBAN's weekly volatility (8%) has been stable over the past year.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: HBAN exceeded the US Banks industry which returned -7.2% over the past year.

Return vs Market: HBAN underperformed the US Market which returned 19.6% over the past year.

Shareholder returns

7 Day-0.1%-0.4%-0.4%
30 Day20.1%13.4%2.3%
90 Day53.6%38.1%12.7%
1 Year8.2%1.8%-3.8%-7.3%22.3%19.5%
3 Year6.2%-7.2%0.9%-7.7%44.4%34.8%
5 Year123.2%84.8%93.5%69.0%128.7%103.3%

Long-Term Price Volatility Vs. Market

How volatile is Huntington Bancshares's share price compared to the market and industry in the last 5 years?

Simply Wall St News


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: HBAN ($14.76) is trading below our estimate of fair value ($20.99)

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 (20.5x) compared to the US Banks industry average (12.3x).

PE vs Market: HBAN is good value based on its PE Ratio (20.5x) compared to the US market (21x).

Price to Earnings Growth Ratio

PEG Ratio: HBAN is good value based on its PEG Ratio (0.6x)

Price to Book Ratio

PB vs Industry: HBAN is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1x).

Next Steps

Future Growth

How is Huntington Bancshares forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HBAN's forecast earnings growth (37% per year) is above the savings rate (2%).

Earnings vs Market: HBAN's earnings (37% per year) are forecast to grow faster than the US market (21.5% per year).

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

Revenue vs Market: HBAN's revenue (2.3% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: HBAN's revenue (2.3% 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 (11.8%).

Next Steps

Past Performance

How has Huntington Bancshares performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HBAN has high quality earnings.

Growing Profit Margin: HBAN's current net profit margins (19.7%) are lower than last year (30.7%).

Past Earnings Growth Analysis

Earnings Trend: HBAN's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: HBAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HBAN had negative earnings growth (-45.8%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).

Return on Equity

High ROE: HBAN's Return on Equity (6.3%) is considered low.

Next Steps

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 (9.3x) is low.

Allowance for Bad Loans: HBAN has a sufficient allowance for bad loans (316%).

Low Risk Liabilities: 89% 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 (66%).

Low Risk Deposits: HBAN's Loans to Deposits ratio (83%) is appropriate.

Level of Bad Loans: HBAN has an appropriate level of bad loans (0.7%).

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HBAN's dividend (4.07%) is higher than the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: HBAN's dividend (4.07%) is in the top 25% of dividend payers in the US market (3.85%)

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: At its current payout ratio (83.4%), HBAN's 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 (48.3% payout ratio).

Next Steps


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


Average management tenure


Steve Steinour (61 yo)





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

CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD7.49M) is about average for companies of similar size in the US market ($USD10.56M).

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

Leadership Team

Stephen Steinour
$ 86.0m
Zachary Wasserman
CFO & Senior EVP1.17yrsUS$1.85m0.0017%
$ 261.3k
Paul Heller
Chief Technology and Operations Officer & Senior EVP8.25yrsUS$2.67m0.036%
$ 5.5m
Helga Houston
Senior EVP & Chief Risk Officer9.33yrsUS$2.50m0.042%
$ 6.3m
Andrew Harmening
Senior EVP of Consumer & Business Banking Director3.58yrsUS$3.15m0.0057%
$ 854.4k
Nancy Maloney
Executive VPno datano data0.0052%
$ 774.8k
Mark Muth
Senior VP & Director of Investor Relations6yrsno datano data
Jana Litsey
Senior EVP & General Counsel3.17yrsno data0.0028%
$ 420.4k
Julie Tutkovics
Executive VP and Chief Communications & Marketing Director3.75yrsno data0.016%
$ 2.4m
Rajeev Syal
Chief Human Resources Officer & Senior EVP5.25yrsno data0.017%
$ 2.5m
Deborah Stein
Senior Vice President and Retail Group Executive17.25yrsno datano data
Sharon Speyer
President of Northwest Ohio Regionno datano datano data


Average Tenure


Average Age

Experienced Management: HBAN's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Stephen Steinour
$ 86.0m
Steven Elliott
Independent Director10yrsUS$301.12kno data
Richard Neu
Independent Director11yrsUS$274.12k0.011%
$ 1.7m
Robert Cubbin
Independent Director5yrsUS$256.50k0.0054%
$ 815.3k
Gina France
Independent Director4.42yrsUS$218.74k0.0041%
$ 618.6k
David Porteous
Lead Independent Director13.17yrsUS$389.24k0.052%
$ 7.8m
Lizabeth Ardisana
Independent Director4.42yrsUS$228.37k0.0036%
$ 545.1k
Ann Crane
Independent Director10.42yrsUS$240.62k0.0015%
$ 225.2k
Kenneth Phelan
Independent Director1.58yrsUS$167.07kno data
J. Hochschwender
Independent Director4.42yrsUS$213.74k0.0068%
$ 1.0m
Katherine M. Kline
Independent Director1.75yrsUS$186.87kno data
John Inglis
Independent Director4.67yrsUS$218.74k0.00070%
$ 105.1k


Average Tenure


Average Age

Experienced Board: HBAN's board of directors are considered experienced (4.8 years average tenure).


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 not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Huntington Bancshares Incorporated's company bio, 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$15.016b
  • Shares outstanding: 1.02b
  • Website:

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HBANNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1980
HU3DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1980
HU3XTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1980
0J72LSE (London Stock Exchange)YesCommon StockGBUSDJan 1980
HBAN *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1980
HBAN.ONasdaqGS (Nasdaq Global Select)DEP SHS PFD DUSUSDMar 2016
HBAN.NNasdaqGS (Nasdaq Global Select)DSHS 1/40 PFDUSUSDAug 2016
H1BA34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COMBRBRLDec 2019


Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates thr...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 23:13
End of Day Share Price2021/01/19 00:00
Annual Earnings2019/12/31

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.