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HUNTINGTON BANCSHARES INC /MD/ (HBAN)

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® .

  1. 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.

  2. 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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NamePositionExternal RolesShort 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.

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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.

  1. "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?"
  2. "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?"
  3. "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?"
  4. "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?"
  5. "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?"
Program DetailsProgram 1
Approval DateJanuary 18, 2023
End Date/DurationDecember 31, 2024
Total additional amount$1.0 billion
Remaining authorization$1.0 billion
DetailsThe program is part of Huntington's capital management framework, aiming to balance dividends, share repurchases, and capital retention for growth. Due to economic conditions, active utilization is not expected through 2024.
NameStart DateEnd DateReason for Change
PricewaterhouseCoopers LLPDecember 31, 2015 PresentCurrent auditor.
Deloitte & Touche LLPN/ADecember 31, 2014 Result of a competitive bidding process.

Notable M&A activity and strategic investments in the past 3 years.

CompanyYearDetails

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.

Huntington Bancshares completes merger with Veritex
·$HBAN
M&A
  • Huntington Bancshares has closed its merger with Veritex Holdings, combining for $223 billion in assets, $176 billion in deposits and $148 billion in loans as of September 30, 2025.
  • The acquisition adds Veritex’s 31 Texas branches, bringing Huntington’s network to over 1,000 branches across 14 states.
  • C. Malcolm Holland III, Veritex’s president and CEO, joins Huntington as Chairman of Texas in a non-executive role.
  • Veritex customer accounts will convert to Huntington’s systems in Q1 2026, with minimal disruption to existing banking operations.
2 days ago
Huntington Bancshares reports Q3 2025 results
·$HBAN
Earnings
Guidance Update
  • 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 $606 M (+14% YoY) driven by payments (+20%) and wealth (+12%); FY25 guidance raised for NII growth to 10–11%, average loans ~9–9.5%, and deposits ~6–7%
5 days ago
Huntington announces Q3 2025 results
·$HBAN
Earnings
Guidance Update
M&A
  • Delivered 14% YoY revenue growth, 16% adjusted PPNR expansion, 10% tangible book value growth, and $0.40 adjusted EPS in Q3 2025, with NIM of 3.13%, 9.2% YoY loan growth, 0.8% QoQ deposit growth, reported CET1 at 10.6%, and net charge-offs of 22 bps.
  • Closing the Veritex acquisition on Monday to become the 14th largest depository in Texas, expected to drive 1 ppt efficiency ratio improvement, 30 bps ROTCE lift, contribute 2–3 bps to NIM (including ~1 bp PAA accretion), deliver $20 m Q4 PPNR benefit, and incur $125–150 m one-time expenses.
  • Raised full-year 2025 guidance to ~8% standalone loan growth (9–9.5% incl. Veritex), 5.5% standalone deposit growth (6.5–7% incl. Veritex), 10–11% net interest income growth, ~7% fee income growth, 6.5% expense growth, and 1–2 bps NIM expansion in Q4.
  • Targeting 9–10% adjusted CET1, planning $50 m quarterly share repurchases through 2026, and maintaining a strong dividend yield after returning over 45% of earnings as dividends in the past year.
5 days ago
Huntington Bancshares reports Q3 2025 results
·$HBAN
Earnings
M&A
  • EPS of $0.41, adjusted EPS of $0.40 (+18% Y/Y)
  • Revenue +14% Y/Y, adjusted PPP&R +16%, tangible book value +10%, and adjusted ROTCE >17%
  • Average loans up $2.8 B (+2% QoQ; +9.2% Y/Y) and average deposits up $1.4 B (+1% QoQ)
  • Net interest income +12% Y/Y (+$40 M; +2.7% QoQ), with NIM at 3.13%, up 2 bps
  • Veritechs acquisition to close, making Huntington the 14th largest depository in Texas, with 1% efficiency ratio improvement and ~30 bps ROTCE lift
5 days ago
Huntington Bancshares reports 2025 third-quarter results
·$HBAN
Earnings
M&A
  • EPS of $0.41 in Q3, up $0.07 from Q2 and $0.08 year-over-year, driving net income to $629 million, a 17% increase sequentially and 22% year-over-year.
  • Net interest income rose 3% qoq (to $1.52 billion) and 11% yoy; noninterest income grew 33% qoq to $628 million and 20% yoy, reflecting strong fee revenue and a gain on the sale of part of the corporate trust business.
  • Average total loans expanded 2% qoq to $135.9 billion and 9% yoy; average deposits increased 1% qoq and 5% yoy.
  • Credit quality remained solid: net charge-offs at 0.22% of loans, nonperforming assets at 0.60%, and an allowance for credit losses of $2.6 billion (1.86% of loans).
  • Capital ratios strengthened, with a CET1 ratio of 10.6%, tangible common equity ratio of 6.8%, and tangible book value per share of $9.54, up 4% qoq and 10% yoy; combination with Veritex set for October 20, 2025.
5 days ago
Huntington Bancshares reports 2025 third-quarter earnings
·$HBAN
Earnings
M&A
  • Net income of $629 million and EPS of $0.41, up 17% quarter-over-quarter and 22% year-over-year.
  • Net interest income rose $39 million (3%) QoQ and $155 million (11%) YoY; noninterest income reached $628 million, up $157 million (33%) QoQ and $105 million (20%) YoY.
  • Average total loans of $135.9 billion, up $2.8 billion (2%) QoQ and $11.4 billion (9%) YoY; average deposits increased $1.4 billion (1%) QoQ and $8.3 billion (5%) YoY.
  • Common Equity Tier 1 ratio improved to 10.6% from 10.5%, and tangible common equity ratio rose to 6.8% from 6.6%.
  • Combination with Veritex Holdings scheduled for October 20, 2025.
5 days ago
Huntington Bancshares receives all approvals for Veritex merger
·$HBAN
M&A
  • The Board of Governors of the Federal Reserve and the OCC approved the proposed merger of Veritex into Huntington, with Huntington as the surviving corporation, expected to close on October 20, 2025, subject to customary closing conditions.
  • Veritex shareholder approval was obtained at a special meeting on September 22, 2025.
  • Huntington Bancshares is a $208 billion asset regional bank operating 971 branches in 13 states; Veritex is a Texas-based bank holding company serving the Dallas–Fort Worth metroplex and Houston areas.
Oct 3, 2025, 7:30 PM
Huntington Bancshares reduces prime rate to 7.25%
·$HBAN
  • Huntington Bancshares lowered its prime rate from 7.5% to 7.25%, effective September 18, 2025.
  • This move follows a prior rate cut on December 19, 2024, when the prime rate was reduced from 7.75% to 7.5%.
Sep 17, 2025, 9:00 PM
Huntington Bancshares files 8-K for Series K Preferred Stock offering
·$HBAN
  • On September 10, 2025, Huntington Bancshares established a new series of preferred stock, 6.250% Series K Non-Cumulative Perpetual Preferred Stock, par $0.01, liquidation preference $100,000 per share, in connection with an underwriting agreement to sell 750,000 depositary shares, each representing a 1/100th interest in a share of Series K Preferred Stock.
  • The depositary shares will be offered at $1,000 per share with a $10 underwriting discount, for total gross proceeds of $750 million; settlement is expected on September 11, 2025, under a deposit agreement with Computershare and five book-running managers.
  • Dividends on the Series K Preferred are non-cumulative, payable quarterly at 6.250% per annum through October 15, 2030, and thereafter reset every five years to the five-year Treasury rate plus 2.653%, subject to quarterly payment dates of January 15, April 15, July 15 and October 15.
  • Series K Preferred ranks pari passu with existing parity preferred series (Series B, F, G, H, I and J), senior to common stock, has no maturity, and is redeemable at Huntington’s option in whole or in part on any dividend date on or after October 15, 2030, subject to Federal Reserve approval.
Sep 11, 2025, 8:52 PM
Huntington Q1 2025 Earnings Results & Dividend Declarations
·$HBAN
Dividends
Earnings
Share Buyback
  • Q1 2025 earnings reported net income of $527M and EPS at $0.34, marking a 26% YoY increase .
  • Loan and deposit segments grew robustly with total loans increasing by $8.9B (7% YoY) and deposits by $10.9B (7% YoY) .
  • The bank approved a $1 billion share repurchase authorization, reinforcing its capital strength , .
  • The Board of Directors declared a quarterly cash dividend on common stock at $0.155 per share, payable on July 1, 2025 with a record date of June 17, 2025 .
  • Dividends were also declared on five series of preferred stock with amounts ranging from $0.28125 to $17.19 per share, scheduled for payment on July 15, 2025 (record date July 1, 2025) .
Apr 17, 2025, 8:09 PM