Huntington Bancshares Incorporated (HBAN) is a multi-state diversified regional bank holding company headquartered in Columbus, Ohio. The company provides a wide range of commercial and consumer banking services through its subsidiaries, including deposits, lending, payments, mortgage banking, and various financing options . HBAN operates through two main business segments: Consumer & Regional Banking and Commercial Banking, offering products and services such as investment management, trust, brokerage, and insurance . The company emphasizes a "Fair Play" banking philosophy with innovative products like 24-Hour Grace® and Asterisk-Free Checking® .
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Consumer & Regional Banking - Offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, and insurance.
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Commercial Banking - Provides services to mid-market to large corporate clients, including wealth management, trust, insurance, payments, and treasury management capabilities.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Stephen D. Steinour ExecutiveBoard | Chairman, President, and CEO | Trustee of The Ohio State University Wexner Medical Center; Co-chair of The Columbus Partnership; Board Member of Bath & Body Works, Battelle Memorial Institute, Bank Policy Institute, Ohio Business Roundtable, and The Clearing House. | Joined HBAN in 2009 as Chairman, President, and CEO. Previously held executive roles at Citizens Financial Group and CrossHarbor Capital Partners. Holds a bachelor's degree in economics from Gettysburg College and completed Stanford's Executive Program. | View Report → |
Brant J. Standridge Executive | Senior EVP, President of Consumer and Regional Banking | Board Member of the Ohio Chamber of Commerce and Consumer Bankers Association. | Joined HBAN in April 2022. Promoted to current role in April 2023. Previously held leadership roles at Truist Financial Corporation and BB&T Corporation. Played a key role in Huntington's Carolinas expansion and deposit growth strategies. | |
Gary Torgow Executive | Chairman of The Huntington National Bank | Director at DTE Energy Company and Blue Cross Blue Shield of Michigan; Chairman of Business Leaders of Michigan; Trustee of Community Foundation for Southeast Michigan; Board Member of Detroit Regional Partnership, Invest Detroit, and Skillman Foundation. | Joined HBAN in June 2021 following the merger with TCF Financial Corporation. Previously served as Executive Chairman of TCF and Talmer Bancorp. Founder of The Sterling Group, a real estate and investment company. | |
Helga S. Houston Executive | Senior EVP, Chief Risk Officer | N/A | Joined HBAN in September 2011. Promoted to CRO in January 2012. Oversees scalable risk processes and controls, ensuring top-tier performance in CCAR stress tests and disciplined credit approaches. | |
Marcy C. Hingst Executive | Senior EVP, General Counsel | N/A | Joined HBAN in October 2023. Previously held leadership roles at Bank of America, including Global Financial Crimes Executive and Chief Risk Officer for Global Wealth and Investment Management. | |
Scott D. Kleinman Executive | Senior EVP, President of Commercial Banking | Board Member and Finance Committee Chair of Franklin Park Conservatory; Finance Committee Member of Jewish Columbus. | Joined HBAN in 1991. Leads Commercial Banking growth initiatives, including geographic expansion and new industry verticals. Recognized for driving strategic fee revenue growth and achieving Greenwich Excellence Awards for U.S. Small Business and Middle Market Banking. | |
Zachary J. Wasserman Executive | Chief Financial Officer | N/A | No detailed bio or external roles provided in the documents. | |
Ann B. Crane Board | Director | President and CEO of Crane Group Company. | Director since 2010. Chair of the Community Development Committee. Leads Crane Group Company, a diversified portfolio company. Former director of the Federal Reserve Bank of Cleveland. | |
David L. Porteous Board | Director | Attorney at McCurdy, Wotila & Porteous, P.C.. | Director since 2003. Serves as Independent Lead Director and Chair of the NESG Committee. Extensive experience in economic development and corporate law. Former director of the Federal Home Loan Bank of Indianapolis. | |
Gina D. France Board | Director | Director at CBIZ, Inc., Cedar Fair, L.P., and BNY Mellon Family of Funds. | Director since 2016. CEO of France Strategic Partners LLC. Extensive experience in strategy, investment banking, and corporate finance. Former Managing Director at Ernst & Young. | |
J. Michael Hochschwender Board | Director | CEO of The Smithers Group, Inc.; Board Member of Burton D. Morgan Foundation and Tulane School of Science and Engineering. | Director since 2016. Chair of the Technology Committee. Leads The Smithers Group, a technology-based services company. Extensive experience in business leadership and technology. | |
Kenneth J. Phelan Board | Director | Senior Advisor at Oliver Wyman, Inc.; Director at Adtalem Global Education Inc.. | Director since 2019. Chair of the Risk Oversight Committee. Former Chief Risk Officer for the U.S. Department of the Treasury and RBS Americas. | |
Richard W. Neu Board | Director | Lead Director at Tempur Sealy International, Inc.. | Director since 2010. Chair of the Audit Committee. Former Chairman and CEO of MCG Capital Corporation. Extensive experience in banking and financial reporting. |
- "Given that you have reduced your asset sensitivity by more than 50% since Q2, how would your net interest income and margin be impacted if interest rates do not decline as the forward curve suggests?"
- "With the expectation that the merchant acquiring business will add approximately 1% to overall fee revenue growth next year, what challenges do you foresee in achieving this target, and how will you address potential competitive pressures?"
- "Your projection for net interest income shows acceleration in 2025; can you provide more details on the factors driving this growth and how sensitive it is to rate movements?"
- "As you accelerate loan growth, particularly in auto loans, how are you ensuring that credit quality remains strong, and what steps are you taking to mitigate risks in the event of a downturn?"
- "With plans to increase the average duration of new securities purchases, how are you managing the potential risks associated with longer durations in a volatile interest rate environment?"
Research analysts who have asked questions during HUNTINGTON BANCSHARES INC /MD/ earnings calls.
Ebrahim Poonawala
Bank of America Securities
5 questions for HBAN
Jon Arfstrom
RBC Capital Markets
5 questions for HBAN
Manan Gosalia
Morgan Stanley
5 questions for HBAN
Matthew O'Connor
Deutsche Bank
3 questions for HBAN
Steven Alexopoulos
JPMorgan Chase & Co.
3 questions for HBAN
John Pancari
Evercore ISI
2 questions for HBAN
L. Erika Penala
UBS
2 questions for HBAN
Nathan Stein
Deutsche Bank
2 questions for HBAN
Peter Winter
D.A. Davidson
2 questions for HBAN
Scott Siefers
Piper Sandler
2 questions for HBAN
Ben...
Stephens Inc.
1 question for HBAN
Brian Foran
Truist Financial
1 question for HBAN
Chris McGratty
KBW
1 question for HBAN
Erika Najarian
UBS
1 question for HBAN
Kenneth Usdin
Jefferies
1 question for HBAN
Sean Serhan
Evercore ISI
1 question for HBAN
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Capstone Partners | 2022 | Huntington Bancshares completed the acquisition of Capstone Partners on June 15, 2022, acquiring a leading middle market investment bank that enhances its capital markets capabilities, with the deal including $192 million of goodwill and expectations to boost capital markets revenues by about 50%. |
Torana (Huntington Choice Pay) | 2022 | Completed in May 2022, this acquisition of the digital payments business, later rebranded as Huntington Choice Pay, strategically expands Huntington’s digital, rapid payment solutions through enhanced technology features such as connectivity, dashboards, and multiple payment rails, initially supporting legal settlement disbursements and poised for vertical expansion. |
Recent press releases and 8-K filings for HBAN.
- On October 26, 2025, Huntington Bancshares Incorporated and its subsidiary The Huntington National Bank signed a definitive Merger Agreement to combine Cadence Bank with Huntington National Bank, subject to customary closing conditions and regulatory approvals.
- At closing, each share of Cadence common stock will convert into 2.475 shares of Huntington common stock (with cash in lieu of fractional shares), and each share of Cadence’s 5.50% Series A preferred stock will convert into 1/1,000 of a newly created Huntington preferred share series.
- The merger was unanimously approved by the boards of Huntington, Huntington National Bank and Cadence and is intended to qualify as a tax-free reorganization under Section 368(a) of the Internal Revenue Code.
- Huntington has authorized a new 5.50% Series L Non-Cumulative Perpetual Preferred Stock with a $25,000 liquidation preference per share, detailing dividend, redemption and ranking terms in its Articles Supplementary.
- Huntington and Cadence to combine via an all-stock transaction, with Cadence shareholders receiving 2.475 Huntington shares per Cadence share, equating to 77% / 23% pro forma ownership and a total consideration of $7.4 billion (1.7× TBV).
- The deal establishes Huntington as the 10th largest U.S. bank, expanding its footprint to 21 states, serving half of the U.S. population, and delivering top-five deposit share in Houston and Dallas.
- Identified $365 million in pre-tax cost synergies (30% of Cadence’s 2027 non-interest expense), with 75% realized in 2026 and full run-rate in 2027, supporting an upgrade of pro forma 2027 ROTCE to 18–19% and 10% EPS accretion.
- Transaction expected to close in Q1 2026, subject to shareholder and regulatory approvals, with minimal impact on CET1 capital (est. 9.2% at close).
- All-stock transaction: Huntington Bancshares will acquire Cadence Bank at a fixed exchange ratio of 2.475 Huntington shares per Cadence share, valuing the deal at $7.4 billion; pro forma ownership of 77% Huntington / 23% Cadence.
- Valuation and financial impact: Implied 1.7x Price/TBVPS, 11.7x Price/2026E EPS (8.2x synergy-adjusted), 7% TBVPS dilution to $9.33 per share with a 3-year earn-back, 10% EPS accretion, and 18–19% ROTCE by 2027.
- Closing timeline: Subject to regulatory and shareholder approvals, expected to close in mid-1Q26.
- Strategic rationale: Creates a multi-region franchise with ~1,450 branches, $276 billion in assets, expanding Huntington’s presence in high-growth Southern and Western markets.
- Governance: Dan Rollins and two Cadence directors will join Huntington’s board; no existing Cadence branch closures planned.
- Huntington will acquire Cadence in an all-stock transaction at 2.475 Huntington shares per Cadence share, creating a pro forma ownership split of 77% Huntington/23% Cadence.
- The $7.4 billion deal values Cadence at 1.7× tangible book and 11.7× 2026 EPS (8.2× synergy-adjusted), and is expected to be 10% accretive to 2027 EPS with a 200 bp ROTCE boost to 18–19%.
- Post-close, the combined bank will have 144 branches and $26 billion in deposits in Texas (ranked #8 by deposits; #5 in Dallas and Houston).
- Huntington has identified $365 million in pre-tax cost synergies (75% realization by 2026, full run-rate in 2027); all projections exclude revenue synergies.
- The transaction is expected to close in Q1 2026, subject to shareholder and regulatory approvals.
- Huntington closes Veritex acquisition and announces all-stock combination with Cadence to create a top-10 bank with presence in 21 states and significant scale in Texas.
- Transaction details: Cadence shareholders receive 2.475 Huntington shares per Cadence share, resulting in 77%/23% pro forma ownership split and $7.4 billion aggregate consideration at 1.7 × tangible book value.
- Financial impact: expected 10% accretion to 2027 EPS, 200 bps increase in ROTCE to 18–19%, and an earn-back period of 3 years; adjusted CET1 of 9.2% at closing.
- Cost synergies of $365 million (30% of Cadence’s projected 2027 cash non-interest expense), with 75% realized in 2026 and full run rate in 2027.
- All-stock deal valued at $7.4 billion, exchanging 2.475 Huntington shares per Cadence share for a 77/23 pro forma ownership split; implies 1.7× tangible book, 11.7× 2026 consensus EPS (or 8.2× synergy-adjusted), and is expected to be 10% accretive to 2027 EPS while lifting ROTCE by 200 bps to 18–19%.
- Expands Huntington’s footprint with 390 Cadence branches and 1 million customers, bringing the combined bank into 21 states and covering half the U.S. population.
- Bolsters Texas scale with 144 branches and $26 billion in deposits (eighth-largest in the state) and secures top-five deposit market share in Houston and Dallas.
- Targets $365 million in pre-tax cost synergies (30% of Cadence’s 2027 non-interest expenses), with 75% realized in 2026 and full run-rate by 2027.
- Huntington entered into a definitive agreement to acquire $53 B Cadence Bank in an all-stock transaction issuing 2.475 shares of HBAN per Cadence share, valuing Cadence at $39.77/share for an aggregate consideration of $7.4 B.
- The combined franchise will have $276 B in assets and $220 B in deposits, creating a top-10 U.S. bank with immediate scale across high-growth Southern and Texas markets.
- The deal is expected to be 10% accretive to EPS, mildly dilutive to regulatory capital at close, and 7% dilutive to tangible book value with earn-back in three years (inclusive of merger expenses).
- Closing is anticipated in Q1 2026 with conversion and full integration in Q2 2026, subject to regulatory and shareholder approvals.
- Huntington Bancshares will acquire Cadence Bank in a deal that creates a top 10 U.S. bank with $276 billion assets and $220 billion deposits, adding Cadence’s $53 billion in assets and 390 locations across the South and Texas.
- The all-stock transaction issues 2.475 HBAN shares per Cadence share, implying $39.77 per share and a $7.4 billion aggregate value; the deal is expected to be 10% EPS accretive and 7% dilutive to tangible book value, with earn-back in three years.
- The transaction, subject to regulatory and shareholder approvals, is expected to close in Q1 2026 with branch conversion in Q2 2026 under the Huntington brand.
- Upon closing, Huntington will secure 5th deposit market share in Dallas and Houston, become #1 in Mississippi, top 10 in Alabama and Arkansas, and expand presence to 12 of the top 25 MSAs, including six fastest-growing markets.
- Huntington Bancshares has closed its merger with Veritex Holdings, combining for $223 billion in assets, $176 billion in deposits and $148 billion in loans as of September 30, 2025.
- The acquisition adds Veritex’s 31 Texas branches, bringing Huntington’s network to over 1,000 branches across 14 states.
- C. Malcolm Holland III, Veritex’s president and CEO, joins Huntington as Chairman of Texas in a non-executive role.
- Veritex customer accounts will convert to Huntington’s systems in Q1 2026, with minimal disruption to existing banking operations.
- GAAP EPS of $0.41 (adj. $0.40), PPNR +20% YoY, ROTCE 17.8% (17.4% adj.) and TBV/share +10% YoY to $9.54
- Average loans +9.2% YoY to $58.3 B and deposits +5.3% YoY; net interest income of $1.523 B (+11.7% YoY) with NIM at 3.13%
- CET1 ratio at 10.6%, and liquidity of $100 B (203% of uninsured deposits) via $87 B FHLB/FRB capacity and $13 B cash
- Adjusted noninterest income of $606 M (+14% YoY) driven by payments (+20%) and wealth (+12%); FY25 guidance raised for NII growth to 10–11%, average loans ~9–9.5%, and deposits ~6–7%