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Huntington Bancshares Inc Stock Research

HBAN

11.15USD+0.37(+3.43%)Delayedas of 27 Mar 2023, 01:04 pm

Market Summary

USD11.15+0.37
Delayedas of 27 Mar 2023, 01:04 pm
3.43%

HBAN Alerts

HBAN Stock Price

HBAN RSI Chart

HBAN Valuation

Market Cap

15.6B

Price/Earnings (Trailing)

6.95

Price/Sales (Trailing)

2.61

EV/EBITDA

2.18

Price/Free Cashflow

4.08

HBAN Price/Sales (Trailing)

HBAN Profitability

EBT Margin

46.31%

Return on Equity

12.62%

Return on Assets

1.22%

Free Cashflow Yield

24.51%

HBAN Fundamentals

HBAN Revenue

Revenue (TTM)

6.0B

Revenue Y/Y

56.85%

Revenue Q/Q

16.68%

HBAN Earnings

Earnings (TTM)

2.2B

Earnings Y/Y

60.85%

Earnings Q/Q

8.59%

Price Action

52 Week Range

9.9415.74
(Low)(High)

Last 7 days

-3.1%

Last 30 days

-27.8%

Last 90 days

-23.3%

Trailing 12 Months

-27.9%

HBAN Financial Health

Debt/Equity

0.55

Debt/Cashflow

0.42

HBAN Investor Care

Dividend Yield

5.75%

Dividend/Share (TTM)

0.62

Shares Dilution (1Y)

0.37%

Diluted EPS (TTM)

1.45

Peers (Alternatives to Huntington Bancshares)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
387.5B
7.62% -7.52%
26.68
6.55
2.44% -5.35%
2.1T
204.1B
11.55% -7.07%
30.98
10.24
10.38% -5.25%
1.4T
282.8B
15.53% -24.95%
22.72
4.82
9.78% -21.12%
1.0T
514.0B
2.44% -40.04%
-369.23
1.96
9.40% -108.16%
MID-CAP
3.3B
258.4M
222.11% 179.36%
-11.21
12.96
24.91% -254.56%
2.2B
9.2B
-18.29% -53.60%
-6.05
0.24
51.67% -98.90%
SMALL-CAP
1.7B
1.7B
-14.35% -19.63%
13.8
0.98
61.79% 371.82%
1.6B
602.5M
-7.75% -62.41%
-2.78
2.67
18.18% -18.59%
1.0B
418.9M
-4.85% -67.83%
-2.83
2.48
-9.85% -101.06%
929.5M
482.4M
-14.27% -38.99%
-4.01
1.93
33.15% -170.42%
923.6M
478.9M
-20.50% -75.95%
-0.29
1.93
-31.50% -634.70%
769.4M
50.8M
-35.62% -84.47%
-0.98
15.14
1229.98% -13.59%
757.3M
1.1B
-8.47% -42.21%
26.25
0.69
-5.82% -92.23%
240.0M
10.3M
-31.25% -74.40%
-0.86
23.39
478.23% 7.85%

Financials for Huntington Bancshares

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue12.7%5,9695,2974,9134,5174,191
EBITDA8.5%8,5217,8517,2096,232-
EBITDA Margin-3.7%1.43*1.48*1.47*1.38*-
Earnings Before Taxes12.3%2,7642,4612,1861,5241,591
EBT Margin-0.3%0.46*0.46*0.44*0.34*-
Interest Expenses6.7%5,2734,9434,6994,2764,102
Net Income12.2%2,2381,9941,7771,2231,295
Net Income Margin-0.4%0.37*0.38*0.36*0.27*-
Free Cahsflow30.9%3,8132,9122,6272,724-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.0%182,906179,402178,782176,856174,064
    Cash Equivalents53.2%6,7044,3763,9084,5245,522
  Net PPE-1.3%1,1561,1711,1751,1731,164
  Goodwill0%5,5715,5715,5715,3495,349
Liabilities1.8%165,137162,231160,803158,375154,746
.    Short Term Borrowings375.8%2,0274263,048652334
  Long Term Debt-4.7%9,68610,1687,8666,5087,108
Shareholder's Equity3.5%17,73117,13617,97918,48119,297
  Retained Earnings12.9%3,4193,0292,6912,4082,202
  Additional Paid-In Capital0.2%15,30915,28215,26115,25515,222
Shares Outstanding0.0%1,4431,4431,4421,4391,438
Minority Interest8.6%38.0035.0029.0029.0021.00
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations27.2%4,0273,1672,8983,0222,062
  Share Based Compensation-7.9%105114126141129
Cashflow From Investing23.1%-11,609-15,097-17,153-8,941-3,962
Cashflow From Financing33.6%8,7646,5614,9081,854827
  Dividend Payments0.6%897892891822750
  Buy Backs-100.0%0.00150650650650

Risks for HBAN

What is the probability of a big loss on HBAN?

63.1%


Probability that Huntington Bancshares stock will be more than 20% underwater in next one year

31.5%


Probability that Huntington Bancshares stock will be more than 30% underwater in next one year.

18.9%


Probability that Huntington Bancshares stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HBAN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Huntington Bancshares was unfortunately bought at previous high price.

Drawdowns

Returns for HBAN

Cumulative Returns on HBAN

7.0%


10-Year Cumulative Returns

5.3%


7-Year Cumulative Returns

-2.4%


5-Year Cumulative Returns

17.2%


3-Year Cumulative Returns

What are the long-term rolling returns for HBAN?

FIve years rolling returns for Huntington Bancshares.

Annualized Returns

Which funds bought or sold HBAN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-8.67
-6,115
452,885
0.01%
2023-03-10
MATHER GROUP, LLC.
added
1.34
16,652
210,652
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-18.55
-29,815,600
201,901,000
0.22%
2023-03-08
Capital Asset Advisory Services LLC
added
0.34
37,842
406,842
0.03%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-9.19
-83,000
2,795,000
0.01%
2023-03-03
TIAA, FSB
added
165
352,838
544,838
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
24,675
24,675
-%
2023-03-01
Regal Investment Advisors LLC
added
13.44
70,886
404,886
0.04%
2023-02-28
Voya Investment Management LLC
added
3.63
709,304
7,250,300
0.01%
2023-02-27
Objective Capital Management, LLC
added
1.04
20,617
281,617
0.28%

1–10 of 49

Latest Funds Activity

Are funds buying HBAN calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own HBAN
No. of Funds

Huntington Bancshares News

Barchart

Stocks See Support As Banking Stocks Gain.

Barchart,
112 minutes ago

InvestorsObserver

Schedule 13G FIlings of Huntington Bancshares

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
5.3%
75,907,624
SC 13G
Feb 09, 2023
vanguard group inc
11.75%
169,503,604
SC 13G/A
Jan 31, 2023
state street corp
5.14%
74,198,903
SC 13G/A
Jan 27, 2023
blackrock inc.
9.5%
136,929,645
SC 13G
Jan 24, 2023
blackrock inc.
9.5%
136,929,645
SC 13G
Feb 14, 2022
boston partners
2.85%
41,286,102
SC 13G/A
Feb 11, 2022
state street corp
5.52%
79,826,930
SC 13G/A
Feb 10, 2022
vanguard group inc
11.09%
160,441,341
SC 13G/A
Feb 01, 2022
blackrock inc.
8.9%
129,122,618
SC 13G/A
Feb 16, 2021
integrated wealth concepts llc
5.25%
52,529
SC 13G

HBAN Fair Value

Huntington Bancshares fair value in different scenarios

The table shows the Fair Value estimates for Huntington Bancshares for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

18.68

67.53%

24.10

116.14%

41.90

275.78%

65.44

486.91%

89.33

701.17%
Current Inflation

16.91

51.66%

21.54

93.18%

36.72

229.33%

56.65

408.07%

76.72

588.07%
Very High Inflation

14.73

32.11%

18.44

65.38%

30.63

174.71%

46.44

316.50%

62.23

458.12%

Historical Huntington Bancshares Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Huntington Bancshares

View All Filings
Date Filed Form Type Document
Mar 09, 2023
ARS
ARS
Mar 09, 2023
DEF 14A
DEF 14A
Mar 09, 2023
DEFA14A
DEFA14A
Mar 06, 2023
8-A12B
8-A12B
Mar 06, 2023
8-K
Current Report
Mar 06, 2023
CERT
CERT
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading

Latest Insider Trading transactions for HBAN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
Houston Helga
acquired
-
-
55,555
senior exec. v. p.
2023-03-01
Pierce Sandra E.
acquired
-
-
49,019
senior exec. v.p.
2023-03-01
Kleinman Scott D
acquired
-
-
58,823
senior exec. v.p.
2023-03-01
Tutkovics Julie C
acquired
-
-
29,411
senior exec. v.p.
2023-03-01
Heller Paul G
acquired
-
-
73,529
sr. evp & chief technology off
2023-03-01
Standridge Brantley J
acquired
-
-
65,359
senior exec. v.p.
2023-03-01
Dennis Donald Lee
acquired
-
-
6,535
executive v.p.
2023-03-01
STEINOUR STEPHEN D
acquired
-
-
176,470
president, ceo & chairman
2023-03-01
Wasserman Zachary Jacob
acquired
-
-
65,359
cfo and senior exec. v.p.
2023-03-01
Litsey Jana J
acquired
-
-
49,019
sevp and general counsel

1–10 of 50

Stephen D. Steinour
15693
Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, credit cards, and consumer and small business loans, as well as investment products. This segment also provides mortgages, insurance, interest rate risk protection, foreign exchange, automated teller machine, and treasury management services, as well as online, mobile, and telephone banking services. It serves consumer and small business customers. The Commercial Banking segment offers regional commercial banking solutions for middle market businesses, government and public sector entities, and commercial real estate developers/REITs; and specialty banking solutions for healthcare, technology and telecommunications, franchise finance, sponsor finance, and global services industries. It also provides asset finance services; capital raising solutions, sales and trading, and corporate risk management products; institutional banking services; and treasury management services. The Vehicle Finance segment provides financing to consumers for the purchase of automobiles, light-duty trucks, recreational vehicles, and marine craft at franchised and other select dealerships, as well as to franchised dealerships for the acquisition of new and used inventory. The RBHPCG segment offers private banking, wealth and investment management, and retirement plan services. As of March 18, 2022, the company had approximately 1,000 branches in 11 states. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.

HBAN Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and fee income:   
Loans and leases$ 4,816,000$ 3,636,000$ 3,085,000
Available-for-sale securities   
Taxable576,000261,000237,000
Tax-exempt74,00056,00061,000
Held-to-maturity securities-taxable351,000174,000215,000
Other securities-taxable27,00010,0006,000
Other interest income125,00054,00043,000
Total interest income5,969,0004,191,0003,647,000
Interest expense   
Deposits363,00045,000197,000
Short-term borrowings46,0001,00013,000
Long-term debt287,00043,000213,000
Total interest expense696,00089,000423,000
Net interest income5,273,0004,102,0003,224,000
Provision for credit losses289,00025,0001,048,000
Net interest income after provision for credit losses4,984,0004,077,0002,176,000
Service charges on deposit accounts384,000372,000301,000
Card and payment processing income374,000334,000248,000
Capital markets fees252,000151,000125,000
Trust and investment management services249,000232,000189,000
Mortgage banking income144,000309,000366,000
Leasing revenue126,00099,00021,000
Insurance income117,000105,00097,000
Gain on sale of loans57,0009,00042,000
Bank owned life insurance income56,00069,00064,000
Net gains (losses) on sales of securities09,000(1,000)
Other noninterest income222,000200,000139,000
Total noninterest income1,981,0001,889,0001,591,000
Personnel costs2,401,0002,335,0001,692,000
Outside data processing and other services610,000850,000384,000
Equipment269,000248,000180,000
Net occupancy246,000277,000158,000
Marketing91,00089,00038,000
Professional services77,000113,00055,000
Deposit and other insurance expense67,00051,00032,000
Amortization of intangibles53,00048,00041,000
Lease financing equipment depreciation45,00041,0001,000
Other noninterest expense342,000323,000214,000
Total noninterest expense4,201,0004,375,0002,795,000
Income before income taxes2,764,0001,591,000972,000
Provision for income taxes515,000294,000155,000
Income after income taxes2,249,0001,297,000817,000
Income attributable to non-controlling interest11,0002,0000
Net income attributable to Huntington Bancshares Inc2,238,0001,295,000817,000
Dividends on preferred shares113,000131,000100,000
Impact of preferred stock redemption011,0000
Net income available to common shares$ 2,125,000$ 1,153,000$ 717,000
Average common shares—basic (in shares)1,441,2791,262,4351,017,117
Average common shares—diluted (in shares)1,465,2201,286,7331,032,683
Per common share:   
Net income - basic (in USD per share)$ 1.47$ 0.91$ 0.71
Net income - diluted (in USD per share)$ 1.45$ 0.90$ 0.69

HBAN Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets  
Cash and due from banks$ 1,796$ 1,811
Interest-bearing deposits at Federal Reserve Bank4,9083,711
Interest-bearing deposits in banks214392
Trading account securities1946
Available-for-sale securities23,42328,460
Held-to-maturity securities17,05212,447
Other securities854648
Loans held for sale (includes $520 and $1,270 respectively, measured at fair value)(1)[1]5291,676
Loans and leases (includes $185 and $171 respectively, measured at fair value)(1)[1]119,523111,267
Allowance for loan and lease losses(2,121)(2,030)
Net loans and leases117,402109,237
Bank owned life insurance2,7532,765
Accrued income and other receivables1,5731,319
Premises and equipment1,1561,164
Goodwill5,5715,349
Servicing rights and other intangible assets712611
Other assets4,9444,428
Total assets182,906174,064
Deposits:  
Demand deposits—noninterest-bearing38,24243,236
Interest-bearing109,672100,027
Total deposits147,914143,263
Short-term borrowings2,027334
Long-term debt9,6867,108
Other liabilities5,5104,041
Total liabilities165,137154,746
Commitments and Contingent Liabilities (Note 22) 
Shareholders’ equity  
Preferred stock2,1672,167
Common stock1414
Capital surplus15,30915,222
Less treasury shares, at cost(80)(79)
Accumulated other comprehensive (loss) gain(3,098)(229)
Retained earnings3,4192,202
Total Huntington Bancshares Inc shareholders’ equity17,73119,297
Non-controlling interest3821
Total equity17,76919,318
Total liabilities and shareholders’ equity$ 182,906$ 174,064
Common shares authorized (par value of $0.01) (in shares)2,250,000,0002,250,000,000
Common shares outstanding (in shares)1,443,068,0361,437,742,172
Treasury shares outstanding (in shares)6,322,0526,298,288
Preferred stock, authorized shares (in shares)6,617,8086,617,808
Preferred shares outstanding (in shares)557,500557,500
[1]Amounts represent loans for which Huntington has elected the fair value option. See Note 19 “Fair Values of Assets and Liabilities.”