NASDAQ · Financial Services

Huntington Bancshares Incorporated

HBAN · Banks - Regional

$16.86

▲ 0.01 (0.06%)

Cached · 10 min

Overall Grade

Defensive

Enterprising

Profitability

A⤢

Net Income Margin 20.3%

Fin. Health

F⤢

Years to Pay Off Debt 44.9 yrs

Valuation

F⤢

Margin of Safety 0.0%

Price-to-Book 1.15x

Cash Flow

B⤢

Free Cash Flow $400M

CapEx % of Net Income 23.7%

Owner Earnings $838M

Cash Flow

Free Cash Flow $400M

Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.

CapEx % of Net Income 23.7%

Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.

Owner Earnings $838M

Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

About Huntington Bancshares Incorporated

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services. It offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. The company also provides 24-Hour Grace, Asterisk-Free Checking, Money Scout, $50 Safety Zone, Standby Cash, Early Pay, Instant Access, Savings Goal Getter, And Huntington Heads Up; digitally powered consumer and business financial solutions to consumer finance, regional banking, branch banking, and wealth management customers; direct and indirect consumer loans; dealer finance loans and deposits; and private banking, wealth management and legacy planning through investment and portfolio management, fiduciary administration and trust, institutional custody, and full-service retail brokerage investment services. In addition, it offers equipment financing, asset-based lending, distribution finance, structured lending, municipal financing solutions, and Huntington ChoicePay. Additionally, the company provides lending, liquidity, treasury management and other payment services, and capital markets; government and non-profits, healthcare, technology and telecommunications, franchises, financial sponsors, fund finance, Native American financial, and global services; and corporate risk management, institutional sales and trading, debt and equity issuance, and additional advisory services. The company offers its products through a network of channels, including branches and ATMs, online and mobile banking, and through customer call centers to customers in middle market banking, corporate, specialty, and government banking, asset finance, commercial real estate banking, and capital markets. The company was founded in 1866 and is headquartered in Columbus, Ohio.

Metric Explanations

What each dimension measures and where the thresholds come from.

Market Data

Market Cap $34.2B

Enterprise Value $41.8B

P/E (TTM) 12.97

Dividend Yield 3.68%

Exchange NASDAQ

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin 20.3%

Company Info

Sector Financial Services

Industry Banks - Regional

Employees 24641

Country United States

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Huntington Bancshares Incorporated at $16.86.

The business passes 4 of 5 of Graham's defensive criteria — adequate but not exceptional.

At $16.86, the stock trades at a 86% premium to its Graham Number of $9.07. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Conclusion: This stock is better suited for Graham's Enterprising investor — one willing to devote time and skill to security selection.

Showing Key Metrics

Income Highlights

Metric	Q1 2026	Q4 2025
Gross Profit %	N/A•	N/A
Operating Margin %	N/A•	N/A
Net Income %	20.3%▼	24.3%
Diluted EPS	0.25▼	0.30

Balance Sheet Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Total Assets	$285.4B	$225.1B	N/A
Total Debt	$23.5B▲	$18.5B•	N/A
Working Capital	N/A•	N/A•	N/A
Years to Pay Debt	44.85	35.57	N/A

Cash Flow Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Free Cash Flow	$400M▼	$810M•	N/A
Owner Earnings	$838M	$827M	N/A
CapEx % of Net Income	23.7%	22.7%	N/A

Income Statement

	2026	2025
Tax Effect Of Unusual Items	-46,774	0
Tax Rate For Calcs	0	0
Total Unusual Items	-263,000
Total Unusual Items Excluding Goodwill	-263,000
Net Income From Continuing Operation Net Minority Interest	523,000	519,000
Reconciled Depreciation	191,000	190,000
Net Interest Income	1,891,000	1,592,000
Interest Expense	1,195,000	1,073,000
Interest Income	3,086,000	2,665,000
Normalized Income	739,226	519,000
Net Income From Continuing And Discontinued Operation	523,000	519,000
Diluted Average Shares	1,900,647	1,570,000
Basic Average Shares	1,869,397	1,544,000
Diluted EPS	0	0
Basic EPS	0	0
Diluted NI Availto Com Stockholders	482,000	476,000
Net Income Common Stockholders	482,000	476,000
Preferred Stock Dividends	41,000	43,000
Net Income	523,000	519,000
Minority Interests	-4,000	-4,000
Net Income Including Noncontrolling Interests	527,000	523,000
Net Income Continuous Operations	527,000	523,000
Tax Provision	114,000	108,000
Pretax Income	641,000	631,000
Special Income Charges	-263,000
Restructuring And Mergern Acquisition	263,000
Gain On Sale Of Security	13,000	0
Depreciation Amortization Depletion Income Statement	44,000	16,000
Depreciation And Amortization In Income Statement	44,000	16,000
Amortization	41,000	13,000
Amortization Of Intangibles Income Statement	41,000	13,000
Depreciation Income Statement	3,000	3,000
Selling General And Administration	961,000	826,000
Selling And Marketing Expense	31,000	33,000
General And Administrative Expense	930,000	793,000
Insurance And Claims	35,000	-2,000
Salaries And Wages	895,000	795,000
Total Revenue	2,573,000	2,139,000
Operating Revenue	2,573,000	2,139,000
Occupancy And Equipment	157,000	120,000
Professional Expense And Contract Services Expense	26,000	14,000
Other Non Interest Expense	323,000	276,000

Balance Sheet

	2026	2025	2024
Treasury Shares Number	7,269	7,188
Preferred Shares Number	40,000	40,000
Ordinary Shares Number	2,027,131	1,567,733
Share Issued	2,034,400	1,574,920
Net Debt	3,782,000	4,382,000
Total Debt	23,457,000	18,460,000
Tangible Book Value	18,400,000	14,862,000
Invested Capital	53,111,000	40,071,000
Net Tangible Assets	21,281,000	17,593,000
Common Stock Equity	29,654,000	21,611,000
Preferred Stock Equity	2,881,000	2,731,000
Total Capitalization	54,129,000	41,563,000
Total Equity Gross Minority Interest	32,581,000	24,379,000
Minority Interest	46,000	37,000
Stockholders Equity	32,535,000	24,342,000
Gains Losses Not Affecting Retained Earnings	-2,059,000	-1,908,000
Other Equity Adjustments	-53,000	23,000
Minimum Pension Liabilities	-192,000	-193,000
Unrealized Gain Loss	-1,814,000	-1,738,000
Treasury Stock	95,000	92,000
Retained Earnings	6,515,000	6,351,000
Additional Paid In Capital	25,273,000	17,244,000
Capital Stock	2,901,000	2,747,000
Common Stock	20,000	16,000
Preferred Stock	2,881,000	2,731,000
Total Liabilities Net Minority Interest	252,791,000	200,727,000
Long Term Debt And Capital Lease Obligation	21,594,000	17,221,000
Long Term Debt	21,594,000	17,221,000
Current Debt And Capital Lease Obligation	1,863,000	1,239,000
Current Debt	1,863,000	1,239,000
Other Current Borrowings	1,863,000	1,239,000
Total Assets	285,372,000	225,106,000
Investments And Advances	50,650,000	41,543,000
Held To Maturity Securities	14,266,000	14,655,000
Available For Sale Securities	30,548,000	24,857,000
Trading Securities	199,000	63,000
Goodwill And Other Intangible Assets	11,254,000	6,749,000
Other Intangible Assets	1,727,000	752,000
Goodwill	9,527,000	5,997,000
Net PPE	2,138,000	1,321,000
Accumulated Depreciation		-1,194,000	-1,171,000
Gross PPE		2,515,000	2,237,000
Leases		277,000	251,000
Other Properties		978,000	909,000
Buildings And Improvements		847,000	738,000
Land And Improvements		413,000	339,000
Receivables	7,897,000	8,256,000
Other Receivables	7,897,000	8,256,000
Other Short Term Investments	5,637,000	1,968,000
Cash And Cash Equivalents	19,675,000	14,078,000
Cash Financial	2,096,000	1,783,000
Cash Cash Equivalents And Federal Funds Sold	19,675,000	14,078,000

Cash Flow

	2026	2025	2024
Free Cash Flow	400,000	810,000
Repurchase Of Capital Stock	-150,000
Repayment Of Debt	-2,905,000	-294,000
Issuance Of Debt	5,364,000	38,000
Capital Expenditure	-124,000	-118,000
Interest Paid Supplemental Data	1,226,000	1,007,000
Income Tax Paid Supplemental Data	30,000	54,000
End Cash Position	19,186,000	13,495,000
Beginning Cash Position	13,495,000	12,738,000
Changes In Cash	5,691,000	757,000
Financing Cash Flow	5,302,000	1,265,000
Cash Flow From Continuing Financing Activities	5,302,000	1,265,000
Net Other Financing Charges	-58,000	-17,000
Cash Dividends Paid	-291,000	-255,000
Preferred Stock Dividend Paid	-43,000	-27,000
Common Stock Dividend Paid	-248,000	-228,000
Net Preferred Stock Issuance		0	-410,000
Net Common Stock Issuance	-150,000
Common Stock Payments	-150,000
Net Issuance Payments Of Debt	2,459,000	655,000
Net Short Term Debt Issuance	-1,053,000	911,000
Short Term Debt Payments	-1,053,000
Net Long Term Debt Issuance	3,512,000	-256,000
Long Term Debt Payments	-1,852,000	-294,000
Long Term Debt Issuance	5,364,000	38,000
Investing Cash Flow	-135,000	-1,436,000
Cash Flow From Continuing Investing Activities	-135,000	-1,436,000
Net Other Investing Changes	668,000	-774,000
Net Investment Purchase And Sale	-80,000	1,667,000
Sale Of Investment	7,216,000	2,975,000
Purchase Of Investment	-7,296,000	-1,308,000
Net Business Purchase And Sale	1,680,000
Sale Of Business	1,680,000
Net PPE Purchase And Sale	-124,000	1,738,000
Purchase Of PPE	-124,000	-118,000
Operating Cash Flow	524,000	928,000
Cash Flow From Continuing Operating Activities	524,000	928,000
Change In Working Capital	-257,000	195,000
Change In Other Working Capital	-136,000	18,000
Change In Other Current Liabilities	47,000	494,000
Change In Other Current Assets	-780,000	-398,000
Other Non Cash Items	-44,000	4,000
Stock Based Compensation	45,000	29,000
Deferred Tax	-83,000	-136,000
Deferred Income Tax	-83,000	-136,000
Depreciation Amortization Depletion	191,000	190,000
Depreciation And Amortization	191,000	190,000
Operating Gains Losses	-13,000	0
Gain Loss On Investment Securities	-13,000	0
Net Income From Continuing Operations	527,000	523,000

📊 Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.

Quarter vs Same Quarter Last Year

YoY strips seasonality

Revenue Growth (YoY)

Prior year: $1.9B ▲ $2.6B +34.0%

Revenue growth vs same quarter last year strips seasonality. Consistent double-digit growth is a Buffett hallmark.

Net Margin

Prior year: 27.4% ▼ 20.3% -7.1pp

Net margin can be distorted by one-time items, tax timing, or interest costs — compare to operating margin for signal quality.

Quarterly Health Checks

3 Graham/Buffett criteria that are valid and reliable on quarterly data

✅ Adequate Size

Graham required scale for resilience. Quarterly revenue × 4 gives an annualised proxy.

$2.6B/qtr (≈$10.3B ann.)

vs > $1.5B annualised revenue

✅ Free Cash Flow

Buffett's most important single metric. A positive FCF quarter means the business generated real cash for owners after maintaining its asset base.

$400M

vs Positive

Operating Cash Flow

$524M

Latest quarter · Buffett's cash reality check

ROIC

N/A

Based on latest annual operating income

Market Cap / Net Assets

1.0x

Net Assets: $32.6B

⚠️ Net margin compressed 7.1pp vs same quarter last year. Common causes: one-time charges (restructuring, write-downs, legal settlements), tax rate changes, or rising interest expense. Check the income statement notes before drawing conclusions about operating health.

Peers & Industry

No auto-detected peers for Banks - Regional. You can manually compare HBAN against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

0.80%

Low — management has little skin in the game

Return on Equity (ROE)

1.8%

Weak — poor returns on equity

Return on Assets (ROA)

0.2%

Poor — assets are not generating adequate returns

Debt Trend YoY

+27.1% YoY

Debt is growing — management is leveraging up

Leadership Team

Stephen Steinour

Chairman, President & CEO

Age 66

Pay: $5,224,375

0.999% of net income

Zachary Wasserman

CFO & Senior EVP

Age 50

Pay: $2,701,494

0.517% of net income

Helga Houston

Senior Executive Vice President

Age 64

Pay: $1,883,772

0.360% of net income

Scott Kleinman

Senior Executive VP & President of Commercial Banking

Age 55

Pay: $2,239,972

0.428% of net income

Brantley Standridge

Senior EVP and President of Consumer & Regional Banking

Age 49

Pay: $2,830,309

0.541% of net income

Top Institutional Holders

Institution	% Owned	Shares
Blackrock Inc.	8.67%	175,848,308
Vanguard Capital Management LLC	6.50%	131,810,766
Wellington Management Group, LLP	6.38%	129,387,133
State Street Corporation	4.65%	94,350,662
Vanguard Portfolio Management LLC	4.63%	93,852,592
Invesco Ltd.	3.32%	67,273,930
Price (T.Rowe) Associates Inc	3.13%	63,480,451
Geode Capital Management, LLC	2.80%	56,713,932

Risk Analysis

Beta (Market Risk)

0.97

Low volatility — more stable than the market

Short Interest

3.2% of float

Low short interest — market is not heavily bearish

52-Week Price Range

Low: $14.89 Current: $16.86 High: $19.46

Currently at 43% of 52-week range