HBAN
Huntington Bancshares Incorporated
HBAN's fundamentals are mixed: revenue grew 31%, but its operating margin fell 5 points to 30%. At 13x earnings, it's trading in line with its usual 12x. Analysts expect strong earnings growth.
HBAN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| N/A | |
| N/A |
HBAN's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like HBAN.
HBAN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.3x | $11.20 | -29% |
| Forward | 9.5x | $15.73 | — |
| Fair | 12x | $14.97 | -4.9% |
| Current | 13x | $15.73 | — |
| Expensive | 17x | $19.98 | +27% |
Historical ranges are pointers, not guarantees.
HBAN's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 9.5x next year's earnings, in its cheap range.
HBAN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for HBAN, with profitability improving.
HBAN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.66 | +38% |
| Q3 2026 | $1.21 | -15% |
| Q2 2026 | $1.29 | -3.7% |
| Q1 2026 | $1.30 | 0% |
| Q4 2025 | $1.39 | +14% |
| Q3 2025 | $1.42 | +37% |
| Q2 2025 | $1.34 | +26% |
| Q1 2025 | $1.30 | +17% |
| Q4 2024 | $1.22 | -1.6% |
HBAN earned $1.21 per share over the past year, down 15% from the year before.
HBAN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.8B | +31% |
| Q2 2026 | $2.8B | +46% |
| Q1 2026 | $2.6B | +34% |
| Q4 2025 | $2.2B | +11% |
| Q3 2025 | $2.1B | +14% |
| Q2 2025 | $1.9B | +7.5% |
| Q1 2025 | $1.9B | +9.5% |
| Q4 2024 | $2B | +14% |
HBAN's revenue has grown year over year for eight quarters in a row: $2.8B last quarter, up 31% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | -3.8 points |
| Q2 2026 | 32% | -1.3 points |
| Q1 2026 | 25% | -9.1 points |
| Q4 2025 | 29% | -5.2 points |
| Q3 2025 | 36% | +1.9 points |
| Q2 2025 | 33% | +0.4 points |
| Q1 2025 | 34% | +4.9 points |
| Q4 2024 | 34% | +20 points |
HBAN's operating margin was 32% last quarter, down 3.8 points from the same quarter a year ago.
HBAN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $683M | +53% |
| Q2 2026 | $1B | +105% |
| Q1 2026 | $400M | -13% |
| Q4 2025 | $810M | -44% |
| Q3 2025 | $446M | +$926M |
| Q2 2025 | $500M | +90% |
| Q1 2025 | $459M | +6.3% |
| Q4 2024 | $1.5B | +74% |
HBAN's free cash flow was $2.9B over the past year, up 2% from the year before. Free cash flow isn't a meaningful measure for financial services companies like HBAN.
HBAN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -1.4M shares |
| 1 year | +38% | +566M shares |
| 3 years | +40% | +581M shares |
| 5 years | +82% | +922M shares |
| Available history | +94% | +991M shares |
HBAN has 2B diluted shares, up 38% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100M |
| Q2 2026 | $159M |
| Q1 2026 | $150M |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | $150M |
HBAN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.5x | High |
| Q2 2026 | 5.0x | High |
| Q1 2026 | 6.3x | High |
| Q4 2025 | 4.8x | High |
| Q3 2025 | 4.6x | High |
| Q2 2025 | 5.0x | High |
| Q1 2025 | 5.4x | High |
| Q4 2024 | 4.9x | High |
HBAN's net debt is about 5.5 years of its operating earnings (EBITDA), up from 4.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like HBAN.
HBAN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.8 | Neutral |
| Stochastic | 25.1 | Neutral |
HBAN's weekly RSI is 44 (neutral) and its Stochastic is 25 (neutral).
HBAN PE vs Financial Services Sector
| Metric | HBAN | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.2% below |
| PE % | 62 | 63 | 1 pt below |
HBAN is trading at 13x earnings, in line with the Financial Services sector's median of 13x.
HBAN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.5 | 1.3% above |
| 20 week MA | $16.6 | 5.2% below |
| 50 week MA | $16.8 | 6.1% below |
| 100 week MA | $16.4 | 4.2% below |
| 200 week MA | $14.7 | 7.2% above |
HBAN's trend is mixed: it's above two of its five weekly moving averages, and 7.2% above its 200-week average.
HBAN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.1 | $12.4 | -18% |
| 2021 | $12.4 | $15.3 | +24% |
| 2022 | $15.3 | $14.1 | -7.9% |
| 2023 | $14.1 | $12.7 | -9.5% |
| 2024 | $12.7 | $16.4 | +29% |
| 2025 | $16.4 | $17.7 | +8.3% |
| 2026 YTD | $17.7 | $15.7 | -11% |
HBAN has finished lower in three of the last six years. It's down 11% so far in 2026.