At a glance
Huntington Bancshares Incorporated is worth $32.27B, about 12 times its fiscal 2025 earnings. Revenue grew 10.6% to $8.17B in fiscal 2025, with 27.1% kept as profit; over 5 years it has grown 11.1% a year. It pays a 4.0% dividend yield, and returned $5.01B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +7.8% over the past year with dividends reinvested and +5.0% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 49.6% in the 2020 crash (S&P 500: 33.7%) and 31.2% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 10 months and 28 months after the lows.
The business in plain English
Huntington Bancshares is a regional bank holding company based in Columbus, Ohio, and its bank has served customers since 1866. It takes deposits, makes loans and offers payments, mortgages, auto and equipment financing, wealth management, trust, brokerage and insurance. As of December 31, 2025, after adding Dallas-based Veritex in a $1.7 billion deal, it ran more than 1,000 branches in 14 states. Its all-stock merger with Cadence Bank closed on February 1, 2026. The deal was valued at about $8.1 billion and took the network to nearly 1,400 branches in 21 states.
Like most banks, Huntington earns the bulk of its money from net interest income. This is the gap between the interest it earns on loans and securities and the interest it pays on deposits and borrowings. In 2025, net interest income was $6.0 billion out of $8.2 billion in revenue. The other $2.2 billion was noninterest income, which is fee and service income from areas such as payments, cards, wealth management and capital markets.
Huntington reports two segments, but the filing does not split revenue between them. Consumer & Regional Banking serves households and small to mid-sized businesses through branches, mobile banking, auto and RV dealer lending, and wealth management. Commercial Banking serves mid-sized to large companies nationwide with loans, cash management, equipment finance, commercial real estate and capital markets. Ohio is its stronghold: it held 44% of Columbus-area deposits as of June 30, 2025.
Price history
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HBAN +7.8% over the year to Nov 2, 2026, total return with dividends reinvested.
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $2.79B, up 30.8% from a year earlier, and net income was $721.0M (+14.6%).
- For fiscal 2025, revenue was $8.17B (+10.6% year over year; +11.1% a year from FY2020 to FY2025) with a 27.1% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +11.1% good |
|---|---|
| Return on equity | 9.1% watch |
| Net income / revenue | 27.1% good |
| Deposits | $224.68B |
| Loans | $188.23B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $4.82B | $817.0M | — |
| FY2021 | $5.99B | $1.29B | — |
| FY2022 | $7.25B | $2.24B | — |
| FY2023 | $7.36B | $1.95B | — |
| FY2024 | $7.38B | $1.94B | — |
| FY2025 | $8.17B | $2.21B | — |
Valuation snapshot
| Market value | $32.27B |
|---|---|
| P/E ratio | 11.5 |
| Dividend yield | 4% |
Rank among 1514 US companies
Market value at each year end
Huntington Bancshares Incorporated’s market value went from $14.34B at the end of 2016 to $32.27B on Nov 2, 2026, about 2.2 times as much; since the end of 2025 it is up 27%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $32.27B | +27.4% |
| 2025 | $25.32B | +7.1% |
| 2024 | $23.64B | +28.3% |
| 2023 | $18.42B | -9.5% |
| 2022 | $20.34B | -8.8% |
| 2021 | $22.30B | +73.6% |
| 2020 | $12.85B | -16.4% |
| 2019 | $15.37B | +21.5% |
| 2018 | $12.65B | -19.6% |
| 2017 | $15.74B | +9.7% |
| 2016 | $14.34B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| HBAN price data to Nov 2, 2026 | -4.9% | +7.8% | +20.7% | +5.0% | +9.1% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -4.9% |
| 2025 | +10.9% |
| 2024 | +33.9% |
| 2023 | -4.5% |
| 2022 | -4.1% |
| 2021 | +27.1% |
| 2020 | -11.1% |
| 2019 | +31.7% |
| 2018 | -14.6% |
| 2017 | +13.0% |
| 2016 | +22.9% |
| 2015 | +7.5% |
| 2014 | +11.4% |
| 2013 | +54.5% |
| 2012 | +19.3% |
| 2011 | -18.6% |
| 2010 | +89.5% |
| 2009 | -51.6% |
| 2008 | -44.1% |
| 2007 | -34.2% |
| 2006 | +4.3% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 93.5% over that stretch · deepest drop along the way 93.9%, back to its old high 95.4 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 49.2% over that stretch · deepest drop along the way 49.6%, back to its old high 9.5 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 14.6% over that stretch · deepest drop along the way 31.2%, back to its old high 27.9 months after the low |
Insider activity
Form 4 filings from 2025-10-30 to 2026-10-30 (25 read): 3 open-market purchases ($454K) and 0 sales ($0.00).
| Date | Insider | Type | Value |
|---|---|---|---|
| Oct 27, 2026 | Gary Torgow Director | buy | $200K |
| Oct 26, 2026 | James D Iii Rollins Director | buy | $194K |
| Oct 26, 2026 | James D Iii Rollins Director | buy | $59K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 8.1% | Mar 31, 2026 |
| Vanguard Capital Management | 7.48% | Mar 31, 2026 |
| Wellington Management Group LLP | 6.4% | Mar 31, 2026 |
| STATE STREET CORPORATION | 4.9% | Dec 31, 2025 |
| T. Rowe Price Associates, Inc. | 4.9% | Mar 31, 2025 |
ETFs with the most weight in HBAN
| IAT iShares U.S. Regional Banks ETF | 4.31% |
| KBWB Invesco KBW Bank ETF | 3.59% |
| FTXO First Trust Nasdaq Bank ETF | 3.49% |
| BAMD Brookstone Dividend Stock ETF | 3.44% |
| KRE SPDR S&P Regional Banking ETF | 2.9% |
| ELCV Eventide High Dividend ETF | 2.07% |
| XUDV Franklin U.S. Dividend Multiplier Index ETF | 2.01% |
| RSPF Invesco S&P 500 Equal Weight Financials ETF | 1.3% |
What could go wrong
- Cadence merger may be hard to absorb. Huntington closed its roughly $8.1 billion Cadence deal on February 1, 2026, adding a bank with $54 billion in assets. Integration could cost more, take longer, lose key staff or deliver smaller benefits than expected.
- Commercial lending focus raises credit risk. Huntington leans heavily on loans to mid-sized and large businesses, commercial real estate developers and equipment buyers. Commercial loans tend to be larger, so a few troubled borrowers can cause outsized losses.
- Loan-loss reserves could prove too small. The allowance for credit losses is money set aside for expected loan defaults. If the economy weakens and more borrowers fall behind than planned, Huntington must add to it, cutting profits and capital.
- Interest rate swings can squeeze profits. Net interest income made up $6.0 billion of 2025 revenue. Rate changes can narrow the gap between what loans earn and what deposits cost, and can lower the value of the bank's securities.
- Depositors could pull money in a scare. Bad news about Huntington or about banks in general could lead customers to withdraw deposits, which totaled $224.7 billion as of September 30, 2026. Replacing that money could mean costlier borrowing.
- Regulators can limit capital returned to shareholders. The parent company depends on dividends from its bank. Capital and liquidity rules, including the Federal Reserve's CCAR stress-test review, could force Huntington to hold more capital, leaving less for dividends and buybacks.
Recent events
- Other company announcement
- Quarterly results released
- Executive or board change
- Other company announcement
- Investor presentation or announcement
- Executive or board change
- Other company announcement
- Quarterly results released
- Other company announcement
- Investor presentation or announcement
For income and retirement investors
Huntington's dividend has held at $0.62 per share for four straight years, 2022 through 2025. It paid $0.60 in 2020 and $0.605 in 2021, so it has no active streak of increases. Regular dividends grew about 0.7% a year over five years. Dividends paid in 2025 used 41.1% of net income, and the yield was 4.08% as of October 28, 2026. Buybacks have been modest: $650 million over FY2021–FY2025, against $4.4 billion of dividends. The share count rose 40.1% between January 2022 and September 2026, partly because of the all-stock Cadence deal, which spreads profits across more shares.
The stock has fallen hard in past downturns. It lost 93.9% from peak to low in the 2008 financial crisis and took about 95 months to recover, until February 2017. It dropped 49.6% in the 2020 COVID crash and recovered in about 9.5 months. In the 2022 bear market it fell 31.2% and took about 28 months to recover. Single stocks carry more risk than diversified funds.
Questions investors ask
How does Huntington Bancshares make money?
Mostly by lending. In 2025, Huntington earned $6.0 billion of net interest income out of $8.2 billion in total revenue. Net interest income is the difference between the interest it collects on loans and securities and the interest it pays on deposits and borrowings. The other $2.2 billion was noninterest income, such as fees from payments, cards, mortgage banking, wealth management and capital markets. It serves consumers and small businesses through its branches and mid-sized to large companies through its Commercial Banking segment.
Does Huntington Bancshares raise its dividend every year?
No. Huntington paid $0.62 per share in each year from 2022 through 2025. Before that it paid $0.60 in 2020 and $0.605 in 2021. That works out to growth of about 0.7% a year over five years. Dividends paid in 2025 used 41.1% of net income, and the dividend yield was 4.08% as of October 28, 2026. The stock may suit investors who care more about yield than about dividend growth.
What does the Cadence Bank merger mean for Huntington?
It made Huntington much bigger. The all-stock deal closed on February 1, 2026. Cadence shareholders received 2.475 Huntington shares for each Cadence share, valued at about $8.1 billion. Cadence, based in Houston and Tupelo, Mississippi, had $54 billion in assets as of December 31, 2025. The deal took Huntington from more than 1,000 branches in 14 states to nearly 1,400 in 21. The 10-K warns that combining the two banks may cost more or take longer than expected.
What is Huntington Bancshares' P/E ratio?
About 11.3 as of October 28, 2026, based on 2025 diluted earnings of $1.39 per share. The price-to-earnings (P/E) ratio compares the share price with a year of profit per share. On that date the company's market value was about $31.6 billion. Return on equity, which measures profit against shareholders' capital, was 9.1% in 2025. The 2025 earnings come from before the Cadence merger closed, so later results may look different. The ratio is worth comparing with other regional banks.
How has Huntington Bancshares stock performed over the long term?
Unevenly. As of October 28, 2026, the price-based return was about 8.6% a year over 10 years, 4.4% a year over five years and 23.6% a year over three years. It was up 5.1% over one year but down 6.8% for 2026 to that date. Calendar years vary widely: the stock rose 33.9% in 2024 and 10.9% in 2025 after small losses in 2022 and 2023. Its biggest peak-to-low drop over the year to that date was 21.2%.