Huntington Bancshares Inc.
HBANFinancial Snapshot
ticker: HBAN step: 04 generated: 2026-05-12 source: quick-research
Huntington Bancshares Incorporated (HBAN) — Financial Snapshot
Income Statement Summary
| Metric | FY2022 | FY2023 | FY2024 | YoY |
|---|---|---|---|---|
| Total Revenue (net) | $7.29B | $7.40B | $7.44B | +0.5% |
| Net Income | $2.24B | $1.95B | $1.94B | -0.6% |
| EPS (diluted) | $1.45 | $1.24 | $1.22 | -1.6% |
Revenue has been relatively stable 2022–2024 despite higher funding costs compressing NII. Net income and EPS declined as deposit repricing costs rose in the higher-rate environment. FY2025 saw a transformational step-up from the Veritex and Cadence acquisitions: ~11% revenue growth, ~$10B of organic loan growth.
Cash Flow & Balance Sheet (FY2024)
| Metric | Value |
|---|---|
| Total Assets | ~$200B (FY2024) / $285B (FY2025 post-acquisitions) |
| Total Loans | ~$120B (FY2024) |
| Total Deposits | ~$155B (FY2024) |
| CET1 Ratio | ~10.4% |
| Dividend Yield | ~3.8% |
Post-acquisition balance sheet ($285B total assets) reflects the 2025 Veritex + Cadence deals. CET1 remains well-capitalized. Management committed to $550M buyback in 2026 + $1.2B in 2027, targeting ~5% share count reduction by end-2027.
Key Ratios (approximate)
- P/E (FY2025): ~10x | P/TBV: ~1.2x | Dividend Yield: ~3.8%
- FY2025 GAAP EPS: $1.39 | ROTCE (FY2025): ~15.7%
- NIM (2026 guidance): high 3.20% range (improving through 2026-2027)
Growth Profile
Huntington was a steady-but-slow grower in 2022–2024 as the higher-rate environment compressed net interest margins. FY2025 was transformational — Veritex and Cadence acquisitions added Texas and Southeast scale, driving ~11% revenue growth and double-digit EPS growth. The acquisition strategy shifts Huntington from a Midwest-concentrated bank to a national regional with exposure to faster-growing Sun Belt markets.
Forward Estimates
- FY2026 NII growth: 10–13% (standalone basis); NIM trending to high 3.20% range
- FY2026 Fee revenue growth: +31–33% (capital markets, payments, wealth driving upside)
- FY2026 EPS: ~$1.50–$1.60 (consensus)
- $3B buyback authorization over 2026–2027 provides EPS accretion
Deeper Financial Analysis
The fundamental tier adds 9 additional research dimensions for $HBAN.