HBAN Stock - Huntington Bancshares Incorporated
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $11.96B | $10.78B | $7.95B | $6.08B | $5.24B |
| Gross Profit | $6.96B | $6.90B | $6.96B | $5.97B | $3.77B |
| Gross Margin | 58.2% | 64.0% | 87.6% | 98.1% | 71.9% |
| Operating Income | $2.40B | $2.38B | $2.76B | $1.59B | $972.00M |
| Net Income | $1.94B | $1.95B | $2.24B | $1.29B | $817.00M |
| Net Margin | 16.2% | 18.1% | 28.2% | 21.3% | 15.6% |
| EPS | $1.24 | $1.26 | $1.47 | $0.91 | $0.70 |
Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four 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, credit cards, and consumer and small business loans, as well as investment products. This segment also provides mortgages, insurance, interest rate risk protection, foreign exchange, automated teller machine, and treasury management services, as well as online, mobile, and telephone banking services. It serves consumer and small business customers. The Commercial Banking segment offers regional commercial banking solutions for middle market businesses, government and public sector entities, and commercial real estate developers/REITs; and specialty banking solutions for healthcare, technology and telecommunications, franchise finance, sponsor finance, and global services industries. It also provides asset finance services; capital raising solutions, sales and trading, and corporate risk management products; institutional banking services; and treasury management services. 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 offers private banking, wealth and investment management, and retirement plan services. As of March 18, 2022, the company had approximately 1,000 branches in 11 states. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 21st 2025 | Evercore ISI | Initiation | Outperform | $18 |
| July 3rd 2025 | Wolfe Research | Upgrade | Outperform | $21 |
| May 21st 2025 | Jefferies | Initiation | Buy | $20 |
| May 15th 2025 | TD Cowen | Initiation | Buy | $20 |
| April 24th 2025 | Deutsche Bank | Upgrade | Buy | $17.5 |
| March 7th 2025 | Robert W. Baird | Upgrade | Outperform | $18 |
| December 4th 2024 | JP Morgan | Resumed | Overweight | $20← $18.5 |
| July 26th 2024 | Robert W. Baird | Downgrade | Neutral | $15 |
| June 14th 2024 | Piper Sandler | Downgrade | Underweight | $11.5← $13.5 |
| May 28th 2024 | JP Morgan | Upgrade | Overweight | $18← $16 |
| April 8th 2024 | Jefferies | Upgrade | Buy | $16← $14 |
| April 8th 2024 | BofA Securities | Upgrade | Buy | $16← $14 |
| February 27th 2024 | DA Davidson | Upgrade | Buy | $15.5← $14 |
| February 14th 2024 | UBS | Upgrade | Buy | $15← $14 |
| January 3rd 2024 | Evercore ISI | Upgrade | Outperform | $15← $10.5 |
Earnings History & Surprises
HBANEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2026 | Oct 22, 2026 | — | — | — | — |
Q3 2026 | Jul 23, 2026 | — | — | — | — |
Q2 2026 | Apr 23, 2026 | — | — | — | — |
Q1 2026 | Jan 22, 2026 | $0.39 | — | — | — |
Q4 2025 | Oct 17, 2025 | $0.37 | $0.40 | +6.8% | ✓ BEAT |
Q3 2025 | Jul 18, 2025 | $0.33 | $0.38 | +13.7% | ✓ BEAT |
Q2 2025 | Apr 17, 2025 | $0.31 | $0.34 | +8.3% | ✓ BEAT |
Q1 2025 | Jan 17, 2025 | $0.30 | $0.34 | +13.3% | ✓ BEAT |
Q4 2024 | Oct 17, 2024 | $0.30 | $0.33 | +10.0% | ✓ BEAT |
Q3 2024 | Jul 19, 2024 | $0.28 | $0.30 | +7.1% | ✓ BEAT |
Q2 2024 | Apr 19, 2024 | $0.25 | $0.26 | +4.0% | ✓ BEAT |
Q1 2024 | Jan 19, 2024 | $0.26 | $0.27 | +3.8% | ✓ BEAT |
Q4 2023 | Oct 20, 2023 | $0.32 | $0.35 | +9.4% | ✓ BEAT |
Q3 2023 | Jul 21, 2023 | $0.34 | $0.35 | +2.9% | ✓ BEAT |
Q2 2023 | Apr 20, 2023 | $0.37 | $0.39 | +5.4% | ✓ BEAT |
Q1 2023 | Jan 20, 2023 | $0.41 | $0.42 | +2.4% | ✓ BEAT |
Q4 2022 | Oct 21, 2022 | $0.38 | $0.39 | +2.6% | ✓ BEAT |
Q3 2022 | Jul 21, 2022 | $0.34 | $0.35 | +2.9% | ✓ BEAT |
Q2 2022 | Apr 21, 2022 | $0.30 | $0.29 | -3.3% | ✗ MISS |
Q1 2022 | Jan 21, 2022 | $0.32 | $0.26 | -18.8% | ✗ MISS |
Latest News
Huntington Bancshares And Cadence Bank Receive Shareholders' Approval For Proposed Merger
📈 PositiveBarclays Maintains Equal-Weight on Huntington Bancshares, Raises Price Target to $20
➖ NeutralHuntington Bancshares And Cadence Bank Receive Required Regulatory Approval for Pending Merger
📈 PositiveRBC Capital Maintains Outperform on Huntington Bancshares, Raises Price Target to $20
📈 PositiveShares of stocks in the broader financial sector are trading higher amid overall market strength following the Fed's rate cut announcement.
📈 PositivePiper Sandler Maintains Underweight on Huntington Bancshares, Raises Price Target to $16
➖ NeutralLive On CNBC, Brian Belski Announces Bought More Wells Fargo & Co; Bought More JP Morgan Chase & Co.; Announces Sold Huntington Bancshares
📈 PositiveShares of banks and financial services stocks are trading higher after Fed Governor Waller called for a December rate cut.
📈 PositiveShares of banks and financial services stocks are trading higher after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term. This has lifted overall market sentiment.
📈 PositiveCadence Bank shares are trading higher after the company inked a $7.4 billion acquisition deal with Huntington Bancshares.
📈 PositiveHuntington Bancshares are trading lower after the company inked a $7.4 billion acquisition deal with Cadence Bank.
📉 NegativeHuntington Bancshares Incorporated To Acquire Cadence Bank; Huntington To Issue 2.475 shares Of Common Stock For Each Outstanding Cadence Share, Implied Value $39.77/Share
📈 PositiveEvercore ISI Group Reinstates Outperform on Huntington Bancshares, Announces $18 Price Target
📈 PositiveRaymond James Reiterates Strong Buy on Huntington Bancshares, Lowers Price Target to $20
📈 PositiveTD Cowen Maintains Buy on Huntington Bancshares, Raises Price Target to $22
📈 PositiveKeefe, Bruyette & Woods Maintains Market Perform on Huntington Bancshares, Raises Price Target to $20
➖ NeutralHuntington Bancshares Q3 EPS $0.41 Beats $0.37 Estimate
📈 PositiveShares of banking and financial services stocks are trading lower amid overall market weakness after President Trump, on a social media post, said that he is considering an increase in tariffs on Chinese products.
📉 NegativeFederal Reserve Board Announces Approval Of Application By Huntington Bancshares Incorporated
📈 PositiveMorgan Stanley Maintains Overweight on Huntington Bancshares, Raises Price Target to $23
📈 PositiveFrequently Asked Questions about HBAN
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