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Huntington Bancshares

Nasdaq:HBAN
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HBAN
Nasdaq
$13B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The last earnings update was 20 days ago. More info.


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HBAN Share Price and Events
7 Day Returns
-0.5%
NasdaqGS:HBAN
-2.6%
US Banks
-1%
US Market
1 Year Returns
-19.7%
NasdaqGS:HBAN
-14.2%
US Banks
-0.4%
US Market
HBAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Huntington Bancshares (HBAN) -0.5% -6.8% -2.9% -19.7% 36% 31.4%
US Banks -2.6% -6.3% -3.5% -14.2% 32.4% 36.7%
US Market -1% -3.3% 0.8% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • HBAN underperformed the Banks industry which returned -14.2% over the past year.
  • HBAN underperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
HBAN
Industry
5yr Volatility vs Market

HBAN Value

 Is Huntington Bancshares undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Huntington Bancshares to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Huntington Bancshares.

NasdaqGS:HBAN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 18 analysts.
= Stable Book Value * Return on Equity
= $10.76 * 12.7%
$1.37
Book Value of Equity per Share Weighted future Book Value estimates from 14 analysts. $10.76
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:HBAN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 21%) (100.44%))
1.009
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.009 * 5.96%)
8.75%

Discounted Cash Flow Calculation for NasdaqGS:HBAN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Huntington Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:HBAN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.7% – 8.75%) * $10.76)
$0.43
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.43 / (8.75% - 2.73%)
$7.15
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $10.76 + $7.15
$17.91
NasdaqGS:HBAN Discount to Share Price
Calculation Result
Value per share (USD) From above. $17.91
Current discount Discount to share price of $12.93
= -1 x ($12.93 - $17.91) / $17.91
27.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Huntington Bancshares is available for.
Intrinsic value
28%
Share price is $12.93 vs Future cash flow value of $17.91
Current Discount Checks
For Huntington Bancshares to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Huntington Bancshares's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Huntington Bancshares's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Huntington Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Huntington Bancshares's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:HBAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $1.29
NasdaqGS:HBAN Share Price ** NasdaqGS (2019-08-16) in USD $12.93
United States of America Banks Industry PE Ratio Median Figure of 598 Publicly-Listed Banks Companies 12.29x
United States of America Market PE Ratio Median Figure of 3,096 Publicly-Listed Companies 17.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Huntington Bancshares.

NasdaqGS:HBAN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:HBAN Share Price ÷ EPS (both in USD)

= 12.93 ÷ 1.29

10.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Huntington Bancshares is good value based on earnings compared to the US Banks industry average.
  • Huntington Bancshares is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Huntington Bancshares's expected growth come at a high price?
Raw Data
NasdaqGS:HBAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
2%per year
United States of America Banks Industry PEG Ratio Median Figure of 274 Publicly-Listed Banks Companies 1.12x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

NasdaqGS:HBAN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.06x ÷ 2%

5.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Huntington Bancshares is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Huntington Bancshares's assets?
Raw Data
NasdaqGS:HBAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $10.08
NasdaqGS:HBAN Share Price * NasdaqGS (2019-08-16) in USD $12.93
United States of America Banks Industry PB Ratio Median Figure of 601 Publicly-Listed Banks Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,273 Publicly-Listed Companies 1.7x
NasdaqGS:HBAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:HBAN Share Price ÷ Book Value per Share (both in USD)

= 12.93 ÷ 10.08

1.28x

* Primary Listing of Huntington Bancshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Huntington Bancshares is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Huntington Bancshares's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Huntington Bancshares has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HBAN Future Performance

 How is Huntington Bancshares expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Huntington Bancshares expected to grow at an attractive rate?
  • Huntington Bancshares's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Huntington Bancshares's earnings growth is positive but not above the United States of America market average.
  • Huntington Bancshares's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:HBAN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:HBAN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 2%
NasdaqGS:HBAN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 2.3%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.5%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:HBAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:HBAN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,865 1,477 2
2020-12-31 4,742 1,376 10
2019-12-31 4,667 1,379 10
NasdaqGS:HBAN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 4,422 1,976 1,360
2019-03-31 4,338 1,929 1,348
2018-12-31 4,265 1,726 1,323
2018-09-30 4,204 1,992 1,421
2018-06-30 4,156 1,997 1,316
2018-03-31 4,144 1,852 1,235
2017-12-31 4,107 1,954 1,110
2017-09-30 4,035 1,635 918
2017-06-30 3,854 1,487 771
2017-03-31 3,564 1,419 673
2016-12-31 3,328 1,215 647
2016-09-30 3,083 1,318 597

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Huntington Bancshares's earnings are expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
  • Huntington Bancshares's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:HBAN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Huntington Bancshares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HBAN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.46 1.59 1.35 6.00
2020-12-31 1.35 1.41 1.27 22.00
2019-12-31 1.31 1.34 1.28 22.00
NasdaqGS:HBAN Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 1.29
2019-03-31 1.26
2018-12-31 1.22
2018-09-30 1.31
2018-06-30 1.21
2018-03-31 1.14
2017-12-31 1.02
2017-09-30 0.84
2017-06-30 0.73
2017-03-31 0.69
2016-12-31 0.72
2016-09-30 0.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Huntington Bancshares is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Huntington Bancshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Huntington Bancshares has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HBAN Past Performance

  How has Huntington Bancshares performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Huntington Bancshares's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Huntington Bancshares has delivered over 20% year on year earnings growth in the past 5 years.
  • Huntington Bancshares's 1-year earnings growth is less than its 5-year average (3.3% vs 21%)
  • Huntington Bancshares's earnings growth has not exceeded the US Banks industry average in the past year (3.3% vs 33.3%).
Earnings and Revenue History
Huntington Bancshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Huntington Bancshares Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HBAN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 4,422.00 1,360.00 2,353.00
2019-03-31 4,338.00 1,348.00 2,306.00
2018-12-31 4,265.00 1,323.00 2,279.00
2018-09-30 4,204.00 1,421.00 2,226.00
2018-06-30 4,156.00 1,316.00 2,224.00
2018-03-31 4,144.00 1,235.00 2,205.00
2017-12-31 4,107.00 1,110.00 2,204.00
2017-09-30 4,035.07 917.55 2,211.87
2017-06-30 3,853.53 771.02 2,141.49
2017-03-31 3,564.31 672.68 2,031.03
2016-12-31 3,328.00 647.00 1,915.00
2016-09-30 3,082.83 596.79 1,795.29
2016-06-30 2,959.94 632.94 1,730.33
2016-03-31 2,939.23 666.51 1,716.14
2015-12-31 2,890.00 661.00 1,683.00
2015-09-30 2,875.71 646.40 1,651.10
2015-06-30 2,826.35 648.83 1,624.11
2015-03-31 2,764.67 617.25 1,602.60
2014-12-31 2,735.33 600.54 1,576.87
2014-09-30 2,686.94 595.09 1,557.56
2014-06-30 2,665.09 618.91 1,544.44
2014-03-31 2,631.89 605.29 1,528.55
2013-12-31 2,626.76 609.41 1,536.51
2013-09-30 2,632.02 618.51 1,542.51
2013-06-30 2,633.81 607.43 1,554.48
2013-03-31 2,642.54 609.12 1,538.91
2012-12-31 2,658.24 599.30 1,522.58
2012-09-30 2,587.96 568.88 1,493.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Huntington Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Huntington Bancshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Huntington Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Huntington Bancshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Huntington Bancshares has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HBAN Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Huntington Bancshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Huntington Bancshares Company Filings, last reported 1 month ago.

NasdaqGS:HBAN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 11,668.00 13,251.00 2,356.00
2019-03-31 11,432.00 12,349.00 1,912.00
2018-12-31 11,102.00 10,829.00 3,039.00
2018-09-30 10,934.00 10,953.00 1,605.00
2018-06-30 11,472.00 12,370.00 1,687.00
2018-03-31 11,308.00 11,562.00 1,287.00
2017-12-31 10,814.00 14,348.00 1,785.00
2017-09-30 10,698.85 11,089.38 1,498.58
2017-06-30 10,654.18 13,167.71 1,877.40
2017-03-31 10,437.15 10,626.12 1,648.07
2016-12-31 10,308.00 12,100.00 1,814.00
2016-09-30 10,386.77 11,260.93 2,334.15
2016-06-30 7,507.30 10,203.50 1,520.36
2016-03-31 7,157.67 8,741.92 1,495.30
2015-12-31 6,594.61 7,800.99 1,210.86
2015-09-30 6,582.64 8,102.93 1,649.54
2015-06-30 6,496.26 7,659.17 1,888.15
2015-03-31 6,461.95 7,515.81 1,466.88
2014-12-31 6,328.17 7,017.32 1,679.96
2014-09-30 6,284.21 6,892.63 1,221.78
2014-06-30 6,240.79 7,837.91 1,554.95
2014-03-31 6,176.23 4,690.59 1,302.64
2013-12-31 6,090.15 4,930.27 1,283.19
2013-09-30 5,961.58 3,161.06 1,519.25
2013-06-30 5,783.52 3,063.29 1,430.96
2013-03-31 5,867.14 2,468.72 1,406.71
2012-12-31 5,790.21 3,104.65 1,796.69
2012-09-30 5,807.60 3,022.26 1,487.41
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Huntington Bancshares has an acceptable proportion of non-loan assets held.
  • Huntington Bancshares's liabilities are made up of primarily low risk sources of funding.
  • Loans at Huntington Bancshares are broadly funded by customer deposits.
  • Huntington Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Huntington Bancshares has a sufficient allowance for bad loans.
  • Huntington Bancshares has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Huntington Bancshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Huntington Bancshares has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HBAN Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.64%
Current annual income from Huntington Bancshares dividends. Estimated to be 4.73% next year.
If you bought $2,000 of Huntington Bancshares shares you are expected to receive $93 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Huntington Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Huntington Bancshares's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).
Upcoming dividend payment

Purchase Huntington Bancshares before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:HBAN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 481 Stocks 3.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2010 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:HBAN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.66 7.00
2020-12-31 0.62 18.00
2019-12-31 0.58 18.00
NasdaqGS:HBAN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-27 0.600 4.417
2019-04-22 0.560 4.176
2019-01-17 0.560 4.130
2018-10-18 0.560 4.203
2018-07-18 0.560 3.594
2018-04-19 0.440 2.921
2018-01-23 0.440 2.829
2017-10-20 0.440 3.063
2017-07-21 0.320 2.427
2017-04-19 0.320 2.448
2017-01-20 0.320 2.355
2016-10-20 0.320 2.619
2016-07-21 0.280 2.880
2016-04-20 0.280 2.906
2016-01-21 0.280 3.064
2015-12-18 0.280 2.700
2015-10-30 0.280 2.459
2015-10-22 0.280 2.530
2015-07-23 0.240 2.186
2015-04-22 0.240 2.132
2015-01-22 0.240 2.223
2014-10-17 0.240 2.389
2014-07-18 0.200 2.049
2014-04-16 0.200 2.133
2014-01-16 0.200 2.105
2013-10-17 0.200 2.171
2013-04-17 0.200 2.493
2013-01-17 0.160 2.226
2012-10-18 0.160 2.530
2012-07-19 0.160 2.401
2012-04-18 0.160 2.508
2012-01-19 0.160 2.642
2011-10-20 0.160 3.019
2011-07-21 0.160 3.148
2011-04-18 0.040 0.622
2011-01-19 0.040 0.582
2010-10-20 0.040 0.639
2010-07-21 0.040 0.692
2010-04-19 0.040 0.657
2010-01-20 0.040 0.784
2009-10-21 0.040 1.035
2009-07-22 0.040 0.923
2009-04-21 0.040 1.018
2009-01-22 0.040 2.259
2008-10-17 0.530 7.327

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Huntington Bancshares's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Huntington Bancshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Huntington Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Huntington Bancshares has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HBAN Management

 What is the CEO of Huntington Bancshares's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Steinour
COMPENSATION $8,556,915
AGE 60
TENURE AS CEO 10.6 years
CEO Bio

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 served as Managing Partner. Previously, he served as President and Chief Executive Officer of commercial bank holding company Citizens Financial Group, Division Executive for Fleet Financial Group and Executive Vice President at Bank of New England. He was an Executive Vice President at Citizens Mortgage Corp. He began his career as an Analyst for the U.S. Treasury Department and subsequently worked for the FDIC. He serves as a Director of the Federal Reserve Bank of Cleveland since February 2018. He has been a Director of L Brands, Inc. since January 2014. He is a Member of the Financial Services Roundtable. He has been a Director at Exelon Corporation since May 8, 2007. He is a Trustee of The Ohio State University Wexner Medical Center. He is a Member The Columbus Partnership and is Vice Chair of the Columbus Downtown Development Corporation and is a Member of the Ohio Business Roundtable. He previously served on the Board of Trustees of Liberty Property Trust, is a former Trustee of the Eisenhower Fellowships and National Constitution Center and past Chairman of the Greater Philadelphia Chamber of Commerce. He completed the Executive Program in Leadership at the Stanford University Graduate School of Business and holds a bachelor’s degree in Economics from Gettysburg College.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Steve's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Huntington Bancshares management team in years:

4.6
Average Tenure
56
Average Age
  • The tenure for the Huntington Bancshares management team is about average.
Management Team

Steve Steinour

TITLE
Chairman
COMPENSATION
$9M
AGE
60
TENURE
10.6 yrs

Mac McCullough

TITLE
Senior EVP & CFO
COMPENSATION
$3M
AGE
62
TENURE
5.3 yrs

Paul Heller

TITLE
Chief Technology and Operations Officer & Senior EVP
COMPENSATION
$3M
AGE
55
TENURE
6.8 yrs

Helga Houston

TITLE
Senior EVP & Chief Risk Officer
COMPENSATION
$3M
AGE
58
TENURE
7.9 yrs

Andy Harmening

TITLE
Senior EVP of Consumer & Business Banking Director
COMPENSATION
$3M
AGE
49
TENURE
2.2 yrs

Nancy Maloney

TITLE
Executive VP

Mark Muth

TITLE
Senior VP & Director of Investor Relations
TENURE
4.6 yrs

Jana Litsey

TITLE
Senior EVP & General Counsel
AGE
57
TENURE
1.8 yrs

Julie Tutkovics

TITLE
Executive VP and Chief Communications & Marketing Director
AGE
48
TENURE
2.3 yrs

Raj Syal

TITLE
Chief Human Resources Officer & Senior EVP
AGE
53
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Huntington Bancshares board of directors in years:

8.8
Average Tenure
63.5
Average Age
  • The tenure for the Huntington Bancshares board of directors is about average.
Board of Directors

Steve Steinour

TITLE
Chairman
COMPENSATION
$9M
AGE
60
TENURE
10.6 yrs

Kathleen Ransier

TITLE
Director
COMPENSATION
$221K
AGE
71
TENURE
16.6 yrs

David Porteous

TITLE
Lead Director
COMPENSATION
$348K
AGE
66
TENURE
11.8 yrs

Rick Neu

TITLE
Director
COMPENSATION
$252K
AGE
63
TENURE
9.6 yrs

Steve Elliott

TITLE
Director
COMPENSATION
$285K
AGE
72
TENURE
8.6 yrs

Pete Kight

TITLE
Director
COMPENSATION
$210K
AGE
63
TENURE
7.2 yrs

Bob Cubbin

TITLE
Director
COMPENSATION
$236K
AGE
61
TENURE
3.6 yrs

Tanny Crane

TITLE
Director
COMPENSATION
$223K
AGE
62
TENURE
9 yrs

Chris Inglis

TITLE
Director
COMPENSATION
$201K
AGE
64
TENURE
3.3 yrs

Beth Ardisana

TITLE
Director
COMPENSATION
$212K
AGE
67
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • Huntington Bancshares individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Jul 19 Sell Nancy Maloney Individual 29. Jul 19 29. Jul 19 -2,604 $14.57 $-37,940
20. May 19 Buy Stephen Steinour Individual 17. May 19 17. May 19 18,000 $13.33 $240,019
20. May 19 Sell Paul Heller Individual 17. May 19 17. May 19 -33,772 $13.08 $-441,805
08. May 19 Sell Richard Remiker Individual 06. May 19 06. May 19 -14,497 $14.02 $-203,175
30. Apr 19 Sell Mark Thompson Individual 29. Apr 19 29. Apr 19 -20,000 $13.97 $-279,400
01. Mar 19 Sell Kathleen Ransier Individual 27. Feb 19 27. Feb 19 -3,067 $14.30 $-43,870
13. Feb 19 Sell Daniel Neumeyer Individual 11. Feb 19 11. Feb 19 -60,000 $13.71 $-822,300
29. Nov 18 Sell Kathleen Ransier Individual 29. Nov 18 29. Nov 18 -4,820 $14.53 $-70,026
13. Nov 18 Sell Helga Houston Individual 13. Nov 18 13. Nov 18 -42,608 $14.66 $-624,454
31. Oct 18 Buy Richard Neu Individual 30. Oct 18 30. Oct 18 6,750 $13.89 $93,683
26. Oct 18 Buy Stephen Steinour Individual 25. Oct 18 25. Oct 18 17,493 $13.48 $235,723
X
Management checks
We assess Huntington Bancshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Huntington Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HBAN News

Simply Wall St News

Does Huntington Bancshares Incorporated's (NASDAQ:HBAN) CEO Salary Compare Well With Others?

Check out our latest analysis for Huntington Bancshares How Does Steve Steinour's Compensation Compare With Similar Sized Companies? … Our data indicates that Huntington Bancshares Incorporated is worth US$14b, and total annual CEO compensation is US$8.6m. … Boasting a total shareholder return of 52% over three years, Huntington Bancshares Incorporated has done well by shareholders.

Simply Wall St -

What Kind Of Shareholders Own Huntington Bancshares Incorporated (NASDAQ:HBAN)?

Check out our latest analysis for Huntington Bancshares NasdaqGS:HBAN Ownership Summary, July 17th 2019 What Does The Institutional Ownership Tell Us About Huntington Bancshares? … We can see that Huntington Bancshares does have institutional investors; and they hold 78% of the stock. … Insider Ownership Of Huntington Bancshares The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Should You Investigate Huntington Bancshares Incorporated (NASDAQ:HBAN) At US$13.83?

View our latest analysis for Huntington Bancshares What's the opportunity in Huntington Bancshares? … Great news for investors – Huntington Bancshares is still trading at a fairly cheap price. … However, with a relatively muted profit growth of 5.5% expected over the next couple of years, growth doesn’t seem like a key driver for a buy decision for Huntington Bancshares, at least in the short term.

Simply Wall St -

Should Investors Buy Huntington Bancshares Incorporated (NASDAQ:HBAN) And Lock In The 4.2% Dividend Yield?

See our latest analysis for Huntington Bancshares What Is A Dividend Rock Star? … More specifically: It is paying an annual yield above 75% of dividend payers It consistently pays out dividend without missing a payment or significantly cutting payout Its has increased its dividend per share amount over the past It is able to pay the current rate of dividends from its earnings It has the ability to keep paying its dividends going forward High Yield And Dependable Huntington Bancshares's yield sits at 4.2%, which is high for Banks stocks. … Next Steps: There aren't many other stocks out there with the same track record as Huntington Bancshares, so I would certainly recommend further examining the stock if its dividend characteristics appeal to you.

Simply Wall St -

Here's What Huntington Bancshares Incorporated's (NASDAQ:HBAN) P/E Ratio Is Telling Us

See our latest analysis for Huntington Bancshares How Do You Calculate Huntington Bancshares's P/E Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Huntington Bancshares: P/E of 10.55 = $13.26 ÷ $1.26 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … Most would be impressed by Huntington Bancshares earnings growth of 10% in the last year.

Simply Wall St -

Here's Why I Think Huntington Bancshares (NASDAQ:HBAN) Is An Interesting Stock

So if you're like me, you might be more interested in profitable, growing companies, like Huntington Bancshares (NASDAQ:HBAN). … Huntington Bancshares maintained stable EBIT margins over the last year, all while growing revenue 4.7% to US$4.3b. … The fact that EPS is growing is a genuine positive for Huntington Bancshares, but the pretty picture gets better than that.

Simply Wall St -

Is Huntington Bancshares Incorporated (NASDAQ:HBAN) Excessively Paying Its CEO?

Steve Steinour has been the CEO of Huntington Bancshares Incorporated (NASDAQ:HBAN) since 2009. … This analysis aims first to contrast CEO compensation with other large companies. … See our latest analysis for Huntington Bancshares

Simply Wall St -

Shareholders Are Loving Huntington Bancshares Incorporated's (NASDAQ:HBAN) 4.1% Yield

Could Huntington Bancshares Incorporated (NASDAQ:HBAN) be an attractive dividend share to own for the long haul? … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … With Huntington Bancshares yielding 4.1% and having paid a dividend for over 10 years, many investors likely find the company quite interesting.

Simply Wall St -

How Do Analysts See Huntington Bancshares Incorporated (NASDAQ:HBAN) Performing In The Next Couple Of Years?

Huntington Bancshares Incorporated's (NASDAQ:HBAN) most recent earnings update in December 2018a … signalled

Simply Wall St -

Have Insiders Been Selling Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares?

So before you buy or sell Huntington Bancshares Incorporated (NASDAQ:HBAN), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Huntington Bancshares. … All up, insiders sold more shares in Huntington Bancshares than they bought, over the last year

Simply Wall St -

HBAN Company Info

Description

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 through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, mortgage loans, credit cards, and small business loans, as well as investment products. It also provides insurance, interest rate risk protection, foreign exchange, and treasury management services, as well as online, mobile, and telephone banking services. The Commercial Banking segment offers banking solutions and asset finance services; corporate risk management services; institutional sales, trading, and underwriting services; institutional corporate banking services; treasury management services; and other financing solutions, as well as lends real estate developers, REITs, and other customers. The Vehicle Finance segment provides financing to consumers for the purchase of automobiles, light-duty trucks, recreational vehicles, and marine craft at franchised and other select dealerships, as well as to franchised dealerships for the acquisition of new and used inventory. The RBHPCG segment provides deposits, lending, banking, wealth management, investment and portfolio management, fiduciary administration, trust, retirement plan, and institutional and mutual fund custody services. As of December 31, 2018, the company operated through 944 branches located in Ohio, Michigan, Pennsylvania, Indiana, Illinois, Wisconsin, West Virginia, and Kentucky; and 10 private client group offices. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.

Details
Name: Huntington Bancshares Incorporated
HBAN
Exchange: NasdaqGS
Founded: 1866
$13,419,287,595
1,037,841,268
Website: http://www.huntington.com
Address: Huntington Bancshares Incorporated
Huntington Center,
41 South High Street,
Columbus,
Ohio, 43287,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS HBAN Common Stock Nasdaq Global Select US USD 02. Jan 1980
DB HU3 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1980
LSE 0J72 Common Stock London Stock Exchange GB USD 02. Jan 1980
BMV HBAN * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1980
NasdaqGS HBAN.O DEP SHS PFD D Nasdaq Global Select US USD 15. Mar 2016
Number of employees
Current staff
Staff numbers
15,780
Huntington Bancshares employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 23:40
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/07
Last earnings filing: 2019/07/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.