# Huntington Bancshares Inc. (HBAN) — Financial Analysis

**Exchange:** NASDAQ  
**Coverage as of:** 2026-Q2  
**Updated:** 2026-05-13  
**Tier:** Free primer (step 2 of 19)  
**Sibling pages:** /stocks/HBAN/thesis · /stocks/HBAN/memo

## Financial 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 ($1.00) adds 8 dimensions not included here:

- Revenue Breakdown — segment revenue, geographic mix, product-line margins
- Financial Trends — QoQ momentum, leading indicators, inflection points
- Balance Sheet — debt structure, dilution risk, working capital dynamics
- Capital Allocation — ROIC, buyback cadence, reinvestment efficiency
- Earnings Analysis — beats/misses, guidance vs actuals, transcript highlights
- Competitive Positioning — market share, pricing power, peer benchmarks
- Industry Context — TAM, sector tailwinds/headwinds, regulatory backdrop

**API endpoint:** GET /api/v1/research/HBAN/fundamental

## Navigation

- Overview: /stocks/HBAN
- Financials (this page): /stocks/HBAN/financials
- Thesis: /stocks/HBAN/thesis
- Investment Memo: /stocks/HBAN/memo
- Coverage universe: /stocks