Huntington Bancshares: A Closer Look at Performance and Projections

With a market capitalization of $22 billion, Huntington Bancshares Incorporated (HBAN) stands as a diversified regional bank holding company. It provides consumer, commercial, and mortgage banking services through The Huntington National Bank. Its primary segments consist of Consumer and Business Banking, Commercial Banking, and Vehicle Finance, offering a range of services from lending and deposits to wealth management and digital financial tools.

However, the Columbus, Ohio-based company’s shares have struggled, noticeably underperforming the broader market over the past year. Over the last 52 weeks, HBAN has increased by 8.6%, while the S&P 500 Index ($SPX) has experienced a gain of 12.3%. As of now, Huntington Bancshares shares are down 7.9% year-to-date, in contrast to the SPX, which has decreased by 3.3%.

Moreover, the regional bank has also fallen short of the Financial Select Sector SPDR Fund’s (XLF) 21.7% return over the same period.

On April 17, shares of HBAN rose over 3% following a strong Q1 2025 earnings report. The results exceeded Wall Street’s expectations, reporting earnings of $0.34 per share along with revenue around $3 billion. This revenue growth stemmed from increases in loans, deposits, and net interest income. Management also raised its full-year net interest income growth projection to between 5% and 7%, attributing this to lower deposit costs and loan growth supported by prior Fed rate cuts.

Looking ahead, analysts predict that HBAN’s EPS will grow 15.3% year-over-year, reaching $1.43 for the fiscal year ending December 2025. Notably, the company’s earnings surprise record is strong, having beaten consensus estimates in the last four quarters.

Among the 19 analysts assessing the stock, the consensus rating is a “Moderate Buy.” This rating reflects 12 “Strong Buy” ratings, 2 “Moderate Buys,” 4 “Holds,” and 1 “Strong Sell.”

This assessment shows a slightly more bullish outlook compared to three months ago, when there were 11 “Strong Buy” ratings for the stock.

On April 22, Truist adjusted Huntington Bancshares’ price target to $17 while retaining a “Buy” rating. The firm has increased its 2025 EPS estimate to $1.50 and 2026 EPS to $1.65, following a promising Q1 and favorable FY25 guidance. However, it lowered the target multiple in light of rising recession risks.

As this report is being written, HBAN is trading below the average price target of $17.25, with the highest projected price of $19 suggesting a potential upside of 26.8% from current levels.

On the date of publication, Sohini Mondal did not hold any positions, either directly or indirectly, in any of the securities mentioned in this article. All information provided is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

The views and opinions expressed in this article represent those of the author and do not necessarily reflect those of Nasdaq, Inc.