Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Huntington Bancshares

HBAN stock analysis · Financials · Regional Banks

FY 2025-12-31ANNUAL FILINGS
Compare ⇄
These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$17.73HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$35.9B

Price × SEC outstanding shares. Shares measured 2026-03-31. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Reverse DCF

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Relative valuation

-13.9%

5 industry peers · median 14.8×

How this is calculated ↗
Valuation

Historical multiples

15.1×

7 annual observations · snapshot P/E 17.2× · 14.0% versus history

How this is calculated ↗
Valuation

Free cash flow yield

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Quality

ROIC / quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Value composite

Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

10.2%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Momentum

Fundamental momentum

Requires two adjacent years of revenue, operating income and cash flow.

Requires two adjacent years of revenue, operating income and cash flow.

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 4B2020-12-31: cfo $1,323,000,000.002020-12-31: capex $119,000,000.0020202021-12-31: cfo $2,062,000,000.002021-12-31: capex $247,000,000.0020212022-12-31: cfo $4,027,000,000.002022-12-31: capex $214,000,000.0020222023-12-31: cfo $2,657,000,000.002023-12-31: capex $140,000,000.0020232024-12-31: cfo $1,836,000,000.002024-12-31: capex $143,000,000.0020242025-12-31: cfo $2,482,000,000.002025-12-31: capex $267,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%
10.0%
12.0%

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-311.6B2.2B2.5B267M225.1B
2024-12-311.5B2B1.8B143M204.2B
2023-12-311.4B2B2.7B140M189.4B
2022-12-311.3B2.2B4B214M182.9B
2021-12-311.1B1.3B2.1B247M174.1B
2020-12-31884M817M1.3B119M123B
2019-12-31939M1.4B1.6B107M109B
2018-12-31881M1.4B1.7B110M108.8B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue1.6BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-13
netIncome2.2BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-13
Parent/common earnings proxy2.1BNetIncomeLossAvailableToCommonStockholdersBasic2026-02-13
cfo2.5BNetCashProvidedByUsedInOperatingActivities2026-02-13
capex267MPaymentsToAcquirePropertyPlantAndEquipment2026-02-13
operatingIncomeNot reported under a supported tag
assets225.1BAssets2026-02-13
equity24.4BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-13
Parent book equity proxy24.3BStockholdersEquity2026-02-13
debt17.2BLongTermDebt2026-02-13
shortDebt1.3BShortTermBorrowings2026-02-13
cash13.5BCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents2026-02-13
shares1.5BWeightedAverageNumberOfDilutedSharesOutstanding2026-02-13
dividends908MPaymentsOfDividendsCommonStock2026-02-13
buybacksNot reported under a supported tag
issuanceNot reported under a supported tag