Huntington Bancshares IncorporaNasdaq: HBAN
Financials · Regional Banks
$17.70
+11.64%
Vol: 2.4M
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours. Recent items (Q1 earnings, Texas synergy targets, June 9 conference) predate the 48-hour window.
May 21Huntington Bancshares to present at Sanford Bernstein conference May 28; opens first North Carolina branchNeutral▶
Huntington Bancshares will participate in the 2026 Sanford Bernstein Strategic Decisions Conference on May 28, with CEO Steve Steinour presenting on business trends and strategic initiatives. The bank opened its first Greensboro, NC branch on May 11, expanding to nine Carolina locations. Shares fell 3.1% to $15.35 on May 13 amid YTD losses of 10.6%. Q1 2026 net income was $523M with EPS of $0.25, $0.155 dividend maintained, with a $3B repurchase authorization in place.
May 20No significant overnight updatesNeutral▶
No material news in the last 48 hours. Recent context includes the May 13 stock drop of 3.1% to $15.35, May 11 Greensboro NC branch opening, and Argus reaffirming Buy on May 7.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Huntington shares slid 3.1% to $15.35 as YTD losses deepen to ~11% despite Q1 beat and Carolinas expansionMixed▶
Huntington Bancshares stock fell 3.1% to $15.35 on May 13, extending year-to-date losses to roughly 11% even as fundamentals remain strong. The bank opened its first Greensboro, NC branch on May 11, bringing its Carolinas footprint to nine locations as part of its Southeast expansion push. Q1 2026 results showed $2.59B in revenue with net interest income up 33% YoY and noninterest income up 17% QoQ. Integration of recently acquired Veritex and Cadence Bank is on track for completion in Q2 2026. Analysts maintain a Buy consensus with a $19.73 average 12-month price target, implying ~19% upside.
May 15Huntington Bancshares expands Carolinas footprint with first Greensboro branch as $3B buyback and Cadence integration progressPositive▶
Huntington Bancshares opened its first branch in Greensboro, North Carolina, the ninth Carolinas location, extending its Southeast U.S. expansion strategy. The company is executing on its $3B buyback program announced alongside strong Q1 2026 results (adjusted EPS $0.37, up 9% YoY; net income $523M). Veritex Holdings systems conversion was completed in mid-January and the Cadence Bank partnership closed February 1, 2026 with integration on track for Q2 completion. Shares trade around $15.60 with a 4.0% dividend yield and consensus Buy rating; average 12-month target is $19.73 (~19% upside). Macro pressures have caused some target trims, but operating momentum and capital return plans remain intact.
May 14Huntington Bancshares opens first Greensboro, NC branch on May 11 as part of 55-branch Carolinas expansion plan.Positive▶
Huntington Bancshares opened its first Greensboro, North Carolina branch on May 11, 2026, part of a previously announced plan to open approximately 55 branches across North and South Carolina. The bank reported strong Q1 2026 results on April 23 with EPS of $0.37 beating estimates and revenue of $2.59B topping $2.57B forecasts; adjusted EPS rose 9% with robust fee income. The company has a $3B share repurchase authorization and integration of Veritex and pending Cadence Bank merger remains on track. A Series I dividend record date is set for May 15, 2026. Stock traded around $16.12, down 7.1% YTD. Average analyst rating is Buy with 12-month target of $19.73, suggesting 19.36% upside.
May 13Huntington Bancshares opens first Greensboro branch as part of Carolinas expansion, with Oppenheimer reducing positionMixed▶
Huntington National Bank opened its first branch in Greensboro on May 11, 2026, marking continued execution of its plan to open approximately 55 branches across North and South Carolina. The expansion builds on Huntington's existing footprint in the Triad area and supports its franchise growth strategy in the region following recent acquisitions. Separately, Oppenheimer & Co. disclosed selling 94,616 shares of HBAN in a filing dated May 10, 2026. Shares remain down roughly 7% year-to-date amid broader regional banking pressure, trading around $16.12. Argus Research reiterated its Buy rating on May 7, while analyst consensus remains Moderate Buy with an average $20.05 price target implying about 24% upside.
May 12Argus maintains Buy on Huntington Bancshares as Q1 beat and $3B buyback authorization support outlookPositive▶
Argus Research maintained a Buy rating for Huntington Bancshares on May 7, while JPMorgan lowered its price target to $18.50 from $19 on April 29. Q1 2026 results beat with $0.37 adjusted EPS vs $0.16 consensus and $2.59B revenue. The bank announced a new $3.0B share repurchase authorization, completed its Cadence Bank acquisition (Cadence merging into Huntington National Bank), and detailed Austin expansion following Texas acquisitions. Maintains $0.155 quarterly dividend (3.84% yield) payable July 1. Continues strategic partnerships with University of Michigan and selected SEI's Wealth Platform.
May 11Argus Research reiterated Buy on May 7 after HBAN Q1 EPS of $0.37 (+9% YoY), $3B share repurchase authorization and raised 2026 fee revenue guidance to 31-33%Positive▶
Huntington Bancshares reported Q1 2026 net income of $523 million and adjusted EPS of $0.37, up 9% YoY, with 36% PPNR growth and 9% tangible book value growth on an adjusted basis. The Board approved a new $3 billion share repurchase authorization on April 22. The company raised full-year 2026 fee revenue growth guidance to 31-33%, up 4 percentage points, while trimming NIM guidance to high 3.20% range (from mid-3.30%) due to higher Fed cash balances and asset optimization. Argus Research maintained its Buy rating on May 7. Mean analyst price target is $19.60 with a Moderate Buy consensus. Director Richard W. Neu received a 10,523-share deferred stock award. HBAN yields 3.84%.
May 8Huntington Bancshares Q1 adjusted EPS grows 9% post-Cadence integrationPositive▶
Huntington Bancshares reported Q1 2026 adjusted EPS of $0.37, up 9% YoY. The bank completed its merger with Cadence Bank in February 2026, creating a combined entity with $279B in assets. The board approved a $3B share repurchase authorization. Strong fee income growth and integration on track support management confidence and a $3B buyback plan.
May 7Huntington Bancshares Q1 adjusted EPS $0.37 (+9% YoY), approves $3B buyback after Cadence mergerPositive▶
Huntington reported Q1 net income of $523M ($0.25 EPS), with adjusted EPS of $0.37 up 9% YoY. Board approved $3B buyback replacing prior authorization. Cadence Bank merger complete, creating $279B asset combined entity with ~1,400 branches across 21 states. Appointed Ameriprise as new retail investment provider. Q1 results beat consensus $4.02 estimate at $4.18.
May 6Huntington Bancshares Q1 2026 earnings strong; completes Cadence and Veritex integrationsPositive▶
Huntington reported Q1 2026 net income of $523 million ($0.25 per share); adjusted EPS $0.37 (unchanged QoQ, +$0.03 YoY). Completed Veritex systems conversion (January) and Cadence partnership (February 1) with integration on track. Launched $3B share buyback program after completing $250M prior program. CEO noted strong core performance and credit quality. Analyst average rating "Buy" with 12-month PT of $19.73. Stock at $16.34 with P/E of 12.37 and 3.8% dividend yield.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| FITBFIFTH | $54.59 | +11.05% | +2.5% | 10.0x | 0.95 | $44.6B |
| HBANHUNTINGTON | $17.70 | +11.64% | +1.8% | 8.3x | 0.98 | $32.1B |
| MTBM | $231.26 | +8.91% | +2.9% | 10.2x | 0.59 | $31.1B |
| CFGCITIZENS | $68.04 | +8.37% | +2.6% | 9.8x | 1.04 | $26.5B |
| RFREGIONS | $29.34 | +5.86% | +2.7% | 9.7x | 1.03 | $23.6B |
| KEYKEYCORP | $22.87 | +6.40% | +2.0% | 10.0x | 1.05 | $23.3B |
Key Fundamentals
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Price above both MAs — bullish structure.