Huntington Bancshares
Market Cap
US$15.1b
Last Updated
2019/12/06 23:35 UTC
Data Sources
Company Financials +
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.
Rewards
Risk Analysis
No risks detected for HBAN from our risk checks.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.9%
HBAN
0.6%
US Banks
-0.3%
US Market
1 Year Return
13.3%
HBAN
19.0%
US Banks
18.6%
US Market
Return vs Industry: HBAN underperformed the US Banks industry which returned 19% over the past year.
Return vs Market: HBAN underperformed the US Market which returned 18.6% over the past year.
Shareholder returns
| HBAN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.9% | 0.6% | -0.3% |
| 30 Day | 2.0% | 1.8% | 2.2% |
| 90 Day | 12.3% | 15.8% | 5.6% |
| 1 Year | 18.2%13.3% | 22.5%19.0% | 21.1%18.6% |
| 3 Year | 24.0%12.6% | 30.1%21.0% | 45.6%36.2% |
| 5 Year | 75.2%51.2% | 77.5%57.8% | 71.1%52.2% |
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
3 days ago | Simply Wall St
The Huntington Bancshares (NASDAQ:HBAN) Share Price Has Gained 40% And Shareholders Are Hoping For More2 weeks ago | Simply Wall St
Huntington Bancshares Incorporated (NASDAQ:HBAN) Is An Attractive Dividend Stock - Here's Why1 month ago | Simply Wall St
This Insider Has Just Sold Shares In Huntington Bancshares Incorporated (NASDAQ:HBAN)Valuation
Is Huntington Bancshares undervalued compared to its fair value and its price relative to the market?
31.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HBAN ($15.21) is trading below our estimate of fair value ($22.11)
Significantly Below Fair Value: HBAN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HBAN is good value based on its PE Ratio (11.7x) compared to the Banks industry average (12.7x).
PE vs Market: HBAN is good value based on its PE Ratio (11.7x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: HBAN is poor value based on its PEG Ratio (23.3x)
Price to Book Ratio
PB vs Industry: HBAN is overvalued based on its PB Ratio (1.5x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Huntington Bancshares forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
0.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HBAN's forecast earnings growth (0.5% per year) is below the savings rate (1.7%).
Earnings vs Market: HBAN's earnings (0.5% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: HBAN's earnings are forecast to grow, but not significantly.
Revenue vs Market: HBAN's revenue (2% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: HBAN's revenue (2% 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 (12.4%).
Next Steps
Past Performance
How has Huntington Bancshares performed over the past 5 years?
21.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HBAN has high quality earnings.
Growing Profit Margin: HBAN's current net profit margins (30.4%) are lower than last year (33.8%).
Past Earnings Growth Analysis
Earnings Trend: HBAN's earnings have grown significantly by 21.3% 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 (-4.7%) over the past year, making it difficult to compare to the Banks industry average (27.1%).
Return on Equity
High ROE: HBAN's Return on Equity (12%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: HBAN has a low level of unsold assets or inventory.
Debt Coverage by Assets: HBAN's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: HBAN's level of assets compared to its equity is low.
Allowance for Bad Loans: HBAN has a sufficient allowance for bad loans.
Low Risk Liabilities: HBAN's liabilities are made up of primarily low risk sources of funding.
Loan Level: HBAN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HBAN's loans are broadly funded by customer deposits.
Level of Bad Loans: HBAN has an appropriate level of bad loans (0.58%)
Next Steps
Dividend
What is Huntington Bancshares's current dividend yield, its reliability and sustainability?
3.94%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Huntington Bancshares before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HBAN's dividend (3.94%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: HBAN's dividend (3.94%) is in the top 25% of dividend payers in the US market (3.7%)
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 reasonably low payout ratio (44%), HBAN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HBAN's dividends in 3 years are forecast to be well covered by earnings (47.8% payout ratio).
Next Steps
Management
What is the CEO of Huntington Bancshares's salary, the management and board of directors tenure and is there insider trading?
2.7yrs
Average management tenure
CEO
Steve Steinour (60yo)
10.9yrs
Tenure
US$8,556,915
Compensation
Mr. Stephen D. Steinour, also known as Steve, is Chairman, President and Chief Executive Officer of The Huntington National Bank. Mr. Steinour joined Huntington in 2009 from CrossHarbor Capital where he se ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD8.56M) is about average for companies of similar size in the US market ($USD11.01M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.7yrs
Average Tenure
57yo
Average Age
Experienced Management: HBAN's management team is considered experienced (2.7 years average tenure).
Board Age and Tenure
9.1yrs
Average Tenure
63.5yo
Average Age
Experienced Board: HBAN's board of directors are considered experienced (9.1 years average tenure).
Insider Trading
Insider Buying: HBAN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Accounting Officer Executive VP |
| Shares | 21,558 |
| Max Price | US$14.87 |
| Entity | Individual |
| Role | Senior Key Executive Senior EVP & Chief Risk Officer |
| Shares | 14,055 |
| Max Price | US$14.23 |
| Entity | Individual |
| Shares | 25,167 |
| Max Price | US$14.50 |
| Entity | Individual |
| Role | Chief Accounting Officer Executive VP |
| Shares | 2,604 |
| Max Price | US$14.57 |
| Entity | Individual |
| Role | Chief Operating Officer Chief Technology and Operations Officer & Senior EVP |
| Shares | 33,772 |
| Max Price | US$13.08 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman |
| Shares | 18,000 |
| Max Price | US$13.33 |
| Entity | Individual |
| Shares | 14,497 |
| Max Price | US$14.02 |
| Entity | Individual |
| Shares | 20,000 |
| Max Price | US$13.97 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,067 |
| Max Price | US$14.30 |
| Entity | Individual |
| Shares | 60,000 |
| Max Price | US$13.71 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Steve Steinour (60yo)
Chairman
- Tenure: 10.9yrs
- Compensation: US$8.56m
Paul Heller (55yo)
Chief Technology and Operations Officer & Senior EVP
- Tenure: 7.2yrs
- Compensation: US$2.90m
Mac McCullough (62yo)
Consultant
- Tenure: 0.08yrs
- Compensation: US$2.88m
Helga Houston (58yo)
Senior EVP & Chief Risk Officer
- Tenure: 8.3yrs
- Compensation: US$2.60m
Andy Harmening (49yo)
Senior EVP of Consumer & Business Banking Director
- Tenure: 2.5yrs
- Compensation: US$3.24m
Julie Tutkovics (48yo)
Executive VP and Chief Communications & Marketing Director
- Tenure: 2.7yrs
Mark Muth
Senior VP & Director of Investor Relations
- Tenure: 4.9yrs
Nancy Maloney
Executive VP
- Tenure: 0yrs
Jana Litsey (57yo)
Senior EVP & General Counsel
- Tenure: 2.1yrs
Zach Wasserman
CFO & Senior EVP
- Tenure: 0.08yrs
Board Members
Steve Elliott (72yo)
Independent Director
- Tenure: 8.9yrs
- Compensation: US$285.00k
Pete Kight (63yo)
Independent Director
- Tenure: 7.5yrs
- Compensation: US$209.99k
Rick Neu (63yo)
Independent Director
- Tenure: 9.9yrs
- Compensation: US$252.00k
Bob Cubbin (61yo)
Independent Director
- Tenure: 3.9yrs
- Compensation: US$236.00k
Steve Steinour (60yo)
Chairman
- Tenure: 10.9yrs
- Compensation: US$8.56m
David Porteous (66yo)
Lead Director
- Tenure: 12.1yrs
- Compensation: US$347.99k
Kathleen Ransier (71yo)
Independent Director
- Tenure: 16.9yrs
- Compensation: US$220.99k
Beth Ardisana (67yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: US$211.99k
Tanny Crane (62yo)
Independent Director
- Tenure: 9.3yrs
- Compensation: US$222.99k
Chris Inglis (64yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: US$200.99k
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$15.130b
- Shares outstanding: 1.03b
- Website: https://www.huntington.com
Number of Employees
Location
- Huntington Bancshares Incorporated
- Huntington Center
- 41 South High Street
- Columbus
- Ohio
- 43287
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HBAN | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 1980 |
| HU3 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1980 |
| 0J72 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1980 |
| HBAN * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1980 |
| HBAN.O | NasdaqGS (Nasdaq Global Select) | DEP SHS PFD D | US | USD | Mar 2016 |
Biography
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/06 23:35 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.