Upside case
Bull case
$43+158.4%
HBAN would need investors to value it at roughly 29x earnings — about 18x more generous than today's 11x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Huntington Bancshares Incorporated (HBAN) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
48
analysts
25 bullish · 3 bearish · 48 covering HBAN
Strong Buy
1
Buy
24
Hold
20
Sell
3
Strong Sell
0
Consensus Target
$20
+22.5% vs today
Scenario Range
$14 – $43
Model bear to bull value window
Coverage
48
Published analyst ratings
Valuation Context
11.4x
Forward P/E · Market cap $26.3B
HBAN price targets
Three scenarios for where HBAN stock could go
Current
~$17
Confidence
69 / 100
Updated
May 1, 2026
Where we are now
Current · $17
Bear
$14
Base
$20
Bull
$43
Market caseClosest to today
Base case
$20+20.0%
At 14x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$14-17.1%
If investor confidence fades or macro conditions deteriorate, a 2x multiple contraction could push HBAN down roughly 17% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Huntington Bancshares Incorporated
HBAN · NASDAQFinancial ServicesBanks - RegionalDecember year-end
Huntington Bancshares is a regional bank holding company that provides commercial, consumer, and mortgage banking services primarily in the Midwest United States. It generates revenue through net interest income from loans and leases (about 70% of total revenue) and non-interest income from service charges, mortgage banking, and wealth management fees. The company's competitive advantage lies in its deep regional presence and relationship-based banking model—particularly in its core Midwest markets—which fosters customer loyalty and cross-selling opportunities.
Market Cap
$26.3B
Net Income TTM
$2.2B
HBAN Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
92%Exceptional
12 quarters tracked
Revenue Beat Rate
67%Exceptional
vs consensus estimates
Avg EPS Surprise
+7.3%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 3 of 4Q3 2025
EPS
$0.38/$0.33
Revenue
$1.9B/$2.0B
Q4 2025
EPS
$0.40/$0.37
Revenue
$2.1B/$2.0B
Q1 2026
EPS
$0.31/$0.33
Revenue
$2.2B/$2.2B
Q2 2026
EPS
$0.26/$0.23
Revenue
$2.6B/$2.6B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.38/$0.33 | +13.7% | $1.9B/$2.0B | -1.7% |
| Q4 2025 | $0.40/$0.37 | +6.8% | $2.1B/$2.0B | +4.2% |
| Q1 2026 | $0.31/$0.33 | -6.3% | $2.2B/$2.2B | -0.5% |
| Q2 2026 | $0.26/$0.23 | +13.9% | $2.6B/$2.6B | +1.0% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$12.3B
-1.5% YoY
FY2
$13.2B
+7.1% YoY
EPS Outlook
FY1
$1.50
+6.2% YoY
FY2
$1.67
+11.5% YoY
Trailing FCF (TTM)$2.3B
Next Earnings
—
Expected EPS
—
Expected Revenue
—
HBAN beat EPS estimates in 3 of 4 tracked quarters. A strong delivery record supports forward estimate credibility.
HBAN Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $1.4B
Product Mix
Latest annual revenue by segment or product family
Cards And Payment Processing Revenue
44.0%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Cards And Payment Processing Revenue is the largest disclosed segment at 44.0% of FY 2025 revenue, with no year-over-year comparison yet.
HBAN Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Undervalued
Fair value est. $20 — implies +22.8% from today's price.
Upside to Fair Value
22.8%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
HBAN
12.0x
vs
S&P 500
25.2x
53% discount
vs Financial Services Trailing P/E
HBAN
12.0x
vs
Financial Services
13.4x
11% discount
vs HBAN 5Y Avg P/E
Today
12.0x
vs
5Y Average
12.6x
In line with benchmark
Forward PE
11.4x
S&P 500
19.1x
-40%
Financial Services
10.5x
+9%
5Y Avg
—
—
Trailing PE
12.0x
S&P 500
25.2x
-53%
Financial Services
13.4x
-11%
5Y Avg
12.6x
-5%
PEG Ratio
0.80x
S&P 500
1.74x
-54%
Financial Services
1.02x
-22%
5Y Avg
—
—
EV/EBITDA
16.0x
S&P 500
15.2x
+5%
Financial Services
11.5x
+40%
5Y Avg
10.1x
+59%
Price/FCF
11.6x
S&P 500
21.3x
-46%
Financial Services
10.7x
+8%
5Y Avg
9.9x
+17%
Price/Sales
2.1x
S&P 500
3.1x
-33%
Financial Services
2.2x
-6%
5Y Avg
2.3x
-10%
Dividend Yield
3.63%
S&P 500
1.87%
+94%
Financial Services
2.68%
+35%
5Y Avg
4.04%
-10%
| Metric | HBAN | S&P 500 | Financial Services | 5Y Avg HBAN |
|---|---|---|---|---|
| Forward PE | 11.4x | 19.1x-40% | 10.5x | — |
| Trailing PE | 12.0x | 25.2x-53% | 13.4x-11% | 12.6x |
| PEG Ratio | 0.80x | 1.74x-54% | 1.02x-22% | — |
| EV/EBITDA | 16.0x | 15.2x | 11.5x+40% | 10.1x+59% |
| Price/FCF | 11.6x | 21.3x-46% | 10.7x | 9.9x+17% |
| Price/Sales | 2.1x | 3.1x-33% | 2.2x | 2.3x |
| Dividend Yield | 3.63% | 1.87% | 2.68% | 4.04% |
HBAN trades above S&P 500 benchmarks on 0 of 6 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolHBAN Financial Health
Verdict
Stressed
HBAN generates 10.0% ROE and 1.0% return on assets — the two primary signals for banking profitability. FCF-based metrics are not applicable to financial companies.
Earnings Engine
Revenue, profitability, and return on capital
Revenue (TTM)
Trailing-twelve-month sales base
—
Revenue Growth
TTM vs prior year
—
Operating Margin
Operating income divided by revenue
—
Net Margin
Net income divided by revenue
—
EPS (TTM)
Diluted earnings per share, trailing twelve months
$1.41
ROE
Return on equity — the primary profitability signal for banks
10.0%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
5.1%
ROA
Return on assets, trailing twelve months
1.0%
Cash & Equivalents
Liquid assets on the balance sheet
$1.8B
Net Debt
Total debt minus cash
$16.7B
FCF Analysis
Traditional FCF and debt/FCF ratios are not meaningful for financial companies. Focus on ROE and ROA above.
ROE
Return on equity — the headline bank profitability metric
10.0%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
3.6%
Dividend
3.6%
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
$0.60
Payout Ratio
Share of earnings distributed as dividends
41.1%
Shares Outstanding
Current diluted share count
1.6B
All figures from the trailing twelve months. For financial companies, ROE and ROA are the primary health signals — FCF-based metrics are not applicable.
Open full ratios pageHBAN Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
General Economic Conditions
Deterioration in business and economic conditions, persistent inflation, and supply chain issues can negatively impact Huntington Bancshares' performance. Additionally, instability in global economic and geopolitical conditions, along with volatility in financial markets, poses significant risks.
High Risk
Credit Risk Exposure
Despite being conservatively positioned compared to peers, Huntington Bancshares faces credit risks related to non-performing loans (NPLs) and exposure to commercial real estate (CRE). An inadequate allowance for credit losses (ACL) could negatively affect net income and capital.
High Risk
Integration Challenges
Huntington Bancshares is currently in a post-deal integration phase following its acquisitions of Cadence Bank and Veritex Holdings. These integrations may heighten sensitivity to macroeconomic headlines, as investors reassess execution and expense trajectories, posing risks to the realization of expected synergies.
Medium
Interest Rate Fluctuations
Changes in interest rates can significantly affect Huntington Bancshares' funding costs, loan demand, and the valuation of investments such as bonds. This volatility can impact overall financial performance.
Medium
Regulatory Risks
Changes in economic, political, or regulatory environments can adversely affect Huntington Bancshares. Regulatory shifts may impose additional compliance costs or operational constraints.
Lower
Market Sentiment Risks
Broader market sentiment, particularly during 'risk-off' trading periods, can lead to declines in stock prices. Concerns over valuation, especially in light of rising oil prices and inflation, may create tension with market optimism.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why HBAN Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Fee-based Revenue Growth
HBAN has seen positive growth in fee-based revenues, particularly in payments and capital markets, which have outperformed expectations. This trend is expected to continue, contributing significantly to overall revenue growth.
Strategic Acquisitions
Recent acquisitions, including Vertex and Cadence, are anticipated to drive growth for HBAN. While there are integration risks, these strategic moves are expected to enhance the bank's market position and service offerings.
Improved Efficiency Ratio
The company has demonstrated an improved adjusted efficiency ratio, indicating better management of operating expenses. This efficiency is crucial for maintaining profitability and supporting future growth initiatives.
Attractive Dividend Yield
HBAN offers a dividend yield of 3.78%, placing it in the top 25% of dividend-paying stocks. This attractive yield is appealing to income-focused investors and reflects the company's commitment to returning value to shareholders.
Positioning for Long-term Growth
As the 15th largest commercial bank in the U.S., HBAN is well-positioned for long-term growth. The strong management team and strategic focus on expanding financial services suggest potential for sustained success despite short-term challenges.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
HBAN Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$16.64
52W Range Position
40%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$14.79
+12.5% from the low
52-Week High
$19.46
-14.5% from the high
1 Month
+4.39%
3 Month
-13.65%
YTD
-4.8%
1 Year
+11.8%
3Y CAGR
+19.5%
5Y CAGR
+1.1%
10Y CAGR
+5.4%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
HBAN vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
11.4x
vs 12.2x median
-7% below peer median
Revenue Growth
-1.5%
vs -7.9% median
+81% above peer median
Net Margin
—
vs — median
Peer median unavailable
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
HBA HBAN Huntington Bancshares Incorporated | $26.3B | 11.4x | -1.5% | — | Buy | +22.5% |
RF RF Regions Financial Corporation | $24.5B | 10.8x | -7.9% | — | Hold | +9.1% |
CFG CFG Citizens Financial Group, Inc. | $28.3B | 12.7x | -9.7% | — | Buy | +10.4% |
FIT FITB Fifth Third Bancorp | $34.1B | 16.5x | +2.0% | — | Buy | +11.1% |
KEY KEY KeyCorp | $24.5B | 12.2x | +1.2% | — | Buy | +4.0% |
MTB MTB M&T Bank Corporation | $33.4B | 11.7x | -8.1% | — | Hold | +9.3% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
HBAN Dividend and Capital Return
HBAN returns 3.6% total yield, led by a 3.63% dividend.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
3.6%
Dividend + buyback return per year
Buyback Yield
0.0%
Dividend Yield
3.63%
Payout Ratio
41.1%
How HBAN Splits Its Return
Div 3.63%
Dividend 3.63%Buybacks 0.0%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.60
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
0.0%
5Y Div CAGR
0.7%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
5 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$0
Estimated Shares Retired
0
Approx. Share Reduction
0.0%
Shares Outstanding
Current diluted share count from the screening snapshot
1.6B
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.31 | — | — | — |
| 2025 | $0.62 | 0.0% | 0.0% | 3.5% |
| 2024 | $0.62 | 0.0% | 1.7% | 5.5% |
| 2023 | $0.62 | 0.0% | 0.4% | 5.3% |
| 2022 | $0.62 | +2.5% | 0.0% | 4.3% |
FAQ
7 questionsHBAN Investor Questions
Common questions answered from live analyst data and company financials.
01Is Huntington Bancshares Incorporated (HBAN) stock a buy or sell in 2026?
Huntington Bancshares Incorporated (HBAN) is rated Buy by Wall Street analysts as of 2026. Of 48 analysts covering the stock, 25 rate it Buy or Strong Buy, 20 rate it Hold, and 3 rate it Sell or Strong Sell. The consensus 12-month price target is $20, implying +22.5% from the current price of $17. The bear case scenario is $14 and the bull case is $43.
02What is the HBAN stock price target for 2026?
The Wall Street consensus price target for HBAN is $20 based on 48 analyst estimates. The high-end target is $21 (+26.2% from today), and the low-end target is $18 (+8.2%). The base case model target is $20.
03Is Huntington Bancshares Incorporated (HBAN) stock overvalued in 2026?
HBAN trades at 11.4x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Huntington Bancshares Incorporated (HBAN) stock in 2026?
The primary risks for HBAN in 2026 are: (1) General Economic Conditions — Deterioration in business and economic conditions, persistent inflation, and supply chain issues can negatively impact Huntington Bancshares' performance. (2) Credit Risk Exposure — Despite being conservatively positioned compared to peers, Huntington Bancshares faces credit risks related to non-performing loans (NPLs) and exposure to commercial real estate (CRE). (3) Integration Challenges — Huntington Bancshares is currently in a post-deal integration phase following its acquisitions of Cadence Bank and Veritex Holdings. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Huntington Bancshares Incorporated's revenue and earnings forecast?
Analyst consensus estimates HBAN will report consensus revenue of $12.3B (-1.5% year-over-year) and EPS of $1.50 (+6.2% year-over-year) for the upcoming fiscal year. The following year, analysts project $13.2B in revenue.
06When does Huntington Bancshares Incorporated (HBAN) report its next earnings?
A confirmed upcoming earnings date for HBAN is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Huntington Bancshares Incorporated generate?
Huntington Bancshares Incorporated (HBAN) generated $2.3B in free cash flow over the trailing twelve months. HBAN returns capital to shareholders through dividends (3.6% yield) and share repurchases ($0 TTM).