Huntington Bancshares Incorporated (HBAN)

In April 2025, the board authorized a $1.0 billion share repurchase program, which was later suspended. On July 14, 2025, the company announced the acquisition of Veritex Holdings. Huntington reported its third-quarter 2025 earnings on October 17, 2025, surpassing expectations. The merger with Veritex was completed by October 20, 2025. On October 22, 2025, the stock experienced a decline amid regulatory scrutiny. On October 27, 2025, Huntington Bancshares announced an agreement to acquire Cadence Bank for $7.4 billion, which led to a stock fall for Huntington and a rise for Cadence Bank. On October 28, 2025, Morningstar DBRS confirmed Huntington Bancshares Inc.'s Long-Term Issuer Rating at 'A' and changed the trend to Positive.

The banking industry, including Huntington Bancshares, generally experiences seasonal fluctuations in demand for its products and services. Demand for loans typically peaks in the spring and summer months and is lowest in December. Spring is often the prime home-buying season, leading to increased mortgage applications. The fourth quarter is typically a seasonal high for loan production for Huntington Bancshares.

Huntington Bancshares Incorporated is a diversified financial services holding company headquartered in Columbus, Ohio, operating as a regional bank holding company. Its principal subsidiary is The Huntington National Bank. The company provides a comprehensive suite of banking, payments, wealth management, and risk management products and services. Major products and services include commercial and retail banking, mortgage lending, investment banking, trust services, and asset management. Innovative digital solutions such as 24-Hour Grace, Asterisk-Free Checking, Money Scout, $50 Safety Zone, Standby Cash, Early Pay, Instant Access, Savings Goal Getter, and Huntington Heads Up are also provided.

Huntington Bancshares is headquartered in Columbus, Ohio, with The Huntington National Bank operating over 1,000 branches across 14 states, primarily in the Midwest. Recent acquisitions, including Veritex Community Bank and Cadence Bank, are expected to extend Huntington's presence into the South and Texas, bringing its total operating states to 21 and establishing a strategic presence in 12 of the top 25 metropolitan statistical areas.

Huntington Bancshares has experienced both positive and negative impacts on its brand reputation. Positively, Huntington was ranked No. 1 among regional banks in the J.D. Power 2023 U.S. Banking Mobile App Satisfaction Study and achieved top rankings in customer satisfaction. The company demonstrated strong operating performance in Q2 2025, and Morningstar DBRS confirmed Huntington Bancshares Inc.'s Long-Term Issuer Rating at 'A' and changed the trend to Positive. However, the company faced regulatory scrutiny and compliance costs, coupled with an earnings disappointment in October 2025. The announcement of the Cadence Bank acquisition initially saw Huntington's stock fall.

Huntington Bancshares Incorporated is predominantly owned by institutional investors, who collectively hold between 80.72% and 88.71% of the company's shares. The general public holds a 12% stake in the company. Insiders own less than 1% of the company, with Stephen D. Steinour being the largest individual shareholder.