Huntington Bancshares Incorporated (HBAN)

In the past six months, Huntington Bancshares stock has seen several notable events. As of June 13, 2025, the share price was $15.51, representing a 25.18% increase from June 17, 2024. Huntington reported net income of $530 million, or $0.34 per common share, for Q4 2024 and earnings per common share (EPS) of $0.34 for Q1 2025. Jefferies initiated coverage with a "Buy" recommendation on May 21, 2025, Baird upgraded its outlook from "Neutral" to "Outperform" on March 7, 2025, and Truist Securities also initiated coverage with a "Buy" recommendation on January 8, 2025. Huntington Bancshares declared a quarterly cash dividend on its common stock of $0.155 per share, payable July 1, 2025. There has been an increase in insider selling activity despite positive financials.

Demand seasonality for Huntington Bancshares' products and services can be observed in distribution finance, with increased commercial growth tied to the normalization of dealer inventory levels and the arrival of spring equipment to dealers. Average total demand deposits have shown increases primarily due to seasonality. General banking activities often experience some seasonality related to economic cycles, consumer spending habits, and business activity.

Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio, founded in 1866. It operates primarily in the banking industry and is a diversified regional bank holding company. Its main subsidiary, The Huntington National Bank, along with its affiliates, offers a comprehensive suite of banking, payments, wealth management, and risk management products and services to a diverse clientele including consumers, small and middle-market businesses, corporations, municipalities, and other organizations. Huntington's major products and services are categorized into Consumer & Business Banking, Commercial Banking, Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Other Services. The company is also noted as the largest originator of SBA 7(a) loans.

Huntington Bancshares primarily operates across an eleven-state banking franchise, with its banking subsidiary, The Huntington National Bank, having a significant presence in the Midwest. As of 2025, Huntington operates approximately 968 branches in 13 states, with certain businesses extending to broader geographies. Its banking offices are predominantly located in Ohio, Michigan, Minnesota, Pennsylvania, Indiana, Illinois, Colorado, West Virginia, Wisconsin, Kentucky, and North Carolina. The company has expanded its reach into new regional markets, including North Carolina, South Carolina, and Texas, and has a national footprint for its commercial banking clients.

Huntington Bancshares has maintained a positive brand reputation, earning the #1 ranking in customer satisfaction in the North Central region and Pennsylvania in the J.D. Power 2023 U.S. Retail Banking Satisfaction Study. Huntington Middle Market received 11 awards from Coalition Greenwich for 2022 in Excellence and Best Brand. Newsweek recognized Huntington as one of America's 500 Most Responsible Companies for the fourth consecutive year, and Huntington Bank won the Wealth for Good Award for the second consecutive year on June 30, 2025. The company demonstrated resilience and strength during banking sector disruptions, attributed to its disciplined risk management, diversified deposit base, strong liquidity, and robust capital ratios. Adverse publicity or negative information on social media can affect its business prospects and reputation.

Huntington Bancshares has a mixed ownership structure, with institutional shareholders holding the largest portion, approximately 84.66%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Retail investors hold approximately 13.00% of the company's stock. Stephen D. Steinour, the President, CEO, and Chairman, is the largest individual shareholder, owning 9.45 million shares, representing 0.65% of the company. Insiders hold approximately 2.34% of the stock.