Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares received regulatory approval for its merger with Veritex Holdings, Inc., expected to close on October 20, 2025, leading to a 1% rise in HBAN shares. The company decreased its prime rate from 7.5% to 7.25%, effective September 18, 2025, following a previous reduction on December 19, 2024. Its stock price dropped by 1.6% following the release of its second-quarter earnings on July 18, 2025, impacted by pressure on non-interest income and increased expenses. Over the past six months, Huntington Bancshares' stock has surged nearly 30%, and analysts have adjusted their ratings and price targets for HBAN shares.

The banking industry experiences seasonal trends, with loan demand typically reaching annual lows in late January and February. Loan demand surges from March through May, peaking in early June, and remains relatively flat during the summer. From October through early January, the financial services sector sees a steady increase in business, influenced by tax planning and increased demand for investment services. The spring home buying season also drives a sharp increase in mortgage applications during March, April, and May.

Huntington Bancshares, Inc. is a regional bank holding company based in Columbus, Ohio, offering commercial, consumer, and mortgage banking services. Its services include deposits, lending, payment solutions, mortgage banking, dealer financing, investment management, trust services, brokerage, and insurance products. The company provides unique offerings such as 24-Hour Grace and digitally powered financial solutions, along with commercial services like payments, investment management, and capital markets solutions.

Huntington Bancshares' operations are concentrated in the Midwest, with a significant presence across Ohio, Michigan, Minnesota, Pennsylvania, Indiana, Illinois, Colorado, West Virginia, Wisconsin, Kentucky, and North Carolina. The company is strategically expanding its reach through the acquisition of Veritex Holdings, Inc., establishing a presence in the Dallas/Fort Worth and Houston metropolitan areas of Texas.

Huntington Bancshares maintains a visible brand presence through sponsorships like the Huntington Bank Pavilion and Huntington Park. The company has a long-standing commitment to shareholder returns, demonstrated by its consistent dividend payments for 55 consecutive years. In June 2025, Huntington sold its corporate trust business to Argent Institutional Trust Company to streamline operations. While the Q2 2025 earnings report indicated some pressure on non-interest income and a surge in non-interest expenses, there have been no specific events in the past year that have significantly damaged Huntington Bancshares' overall brand reputation.

Huntington Bancshares' ownership is predominantly institutional, with institutional shareholders holding a significant portion of the company's stock. Major institutional investors include Vanguard Group Inc., BlackRock Inc., and State Street Corp. Individual investors hold approximately 11.41% to 17% of the stock, while insiders own a smaller percentage. Stephen D. Steinour is the largest individual shareholder, holding 0.65% of the company's shares.