Huntington Bancshares Incorporated (HBAN)
適正価値ファンダメンタル
70
株価
$15.04
時価総額
$30.93B
パート1 · 企業の価値
概要
Huntington Bancshares is a regional bank holding company headquartered in Columbus, Ohio, running a network of branches concentrated in Ohio, Michigan, Pennsylvania, Indiana, West Virginia and Kentucky. Like any commercial bank, it takes in deposits from households and businesses and lends the money back out as mortgages, auto loans, credit lines and business loans, earning the spread between what it pays depositors and what it charges borrowers, plus fees on payments, wealth management and other services.
収益の仕組み
Most revenue is net interest income: the gap between interest earned on loans and securities and interest paid on deposits and borrowings, which moves with both loan growth and the level of interest rates. A smaller, steadier stream of noninterest income comes from fees — payments and cash management, wealth and asset management, deposit and loan service charges, and capital-markets advisory work for business customers. The bank reports through two segments, Consumer & Regional Banking and Commercial Banking, covering retail and business customers respectively.
競争優位性（moat）
スイッチングコスト · 狭いA checking account, direct deposits, autopay and a mortgage tied to one bank create real friction to moving elsewhere, and Huntington's dense branch network in its core Midwest markets reinforces local relationships. The advantage is narrow: banking products are largely commoditized, digital-only competitors offer better rates with none of that friction, and business borrowers routinely shop multiple banks for credit.
需要を左右する要因
景気循環型Loan demand and credit quality track the broader economy and, given Huntington's Midwest concentration, the health of that regional economy specifically: businesses borrow less and defaults rise when growth slows. Profitability is also sensitive to interest rates set by the Federal Reserve, since the spread the bank earns between loan and deposit rates widens or narrows as rates move.
主なリスク
- Interest rate sensitivity — Changes in interest rates can reduce net interest income, reduce transactional income, and negatively affect the value of loans, securities and other assets, with a direct impact on results and capital.
- Credit quality and loan losses — The bank's allowance for credit losses may prove inadequate if the economy or a borrower's specific circumstances deteriorate, which could significantly affect net income and capital.
- Geographic concentration in the Midwest — Customers with loan and deposit balances are located predominantly in Ohio, Michigan, West Virginia, Indiana and Kentucky, so adverse economic conditions in those states would be felt more sharply than at a more geographically diversified bank.
強気材料
Buyers point to Huntington's dense relationships and deposit base in its core Midwest markets, disciplined credit management through past cycles, and a fee-generating wealth and payments business that diversifies revenue beyond pure interest-rate exposure.
弱気材料
Sellers worry that a regional bank concentrated in a handful of Midwest states carries outsized exposure to any downturn in that specific economy, and that profitability remains hostage to interest-rate moves the bank cannot control.
Written by the editors, published on 2026年8月18日
Direct competitors
Who this company fights with for the same customers
Generated on 2026年9月18日 with claude-haiku-4-5 — shared with all users
A Cincinnati-based regional bank of almost identical size that competes branch-for-branch with Huntington across Ohio, Michigan and Indiana for retail deposits and middle-market commercial lending.
The other large Ohio-headquartered regional bank, overlapping directly with Huntington in Cleveland, Columbus and Pennsylvania for the same middle-market commercial relationships and consumer branch customers.
A far larger Pittsburgh-based regional bank whose branch network blankets the same Ohio, Michigan, Pennsylvania and West Virginia markets, competing for both household deposits and corporate treasury-management mandates.
A similarly sized regional bank whose Mid-Atlantic and Ohio-Michigan branches and middle-market commercial teams pursue the same retail depositors and business borrowers as Huntington.
The largest U.S. bank runs branches in Huntington's core Columbus and Detroit markets and uses national scale in cards, mortgages and corporate banking to take the same customers.
A Minneapolis-based regional bank with a dense Midwest branch footprint and a large payments and vehicle-lending business that goes head to head with Huntington's consumer banking and auto finance lines.
貸借対照表と流動性
売上高
$8.82B
直近12か月（2026/3/31まで）
純利益
$2.21B
直近12か月（2026/3/31まで）
フリーキャッシュフロー
$2.21B
自己資本合計
$24.34B
負債合計
$200.73B
流動比率
-
利払い倍率
0.41
負債/EBITDA
-
一株当たり利益（EPS）
売上高と純利益
フリーキャッシュフロー
収益内訳
財務推移表
利益率の推移
負債の推移
成長率グリッド
成長率 — 売上高
適正価値の推定
適正価値
$13.70
現在株価
$15.04
安全マージン
-9.8%
適正価値レンジ
$10.20 - $17.19
使用した評価手法間のばらつきであり、統計的に較正された信頼区間ではありません。
推定方法
バリュエーション指標
P/E レシオ
11.74
ROE
9.1%
P/B レシオ
0.95
P/FCF
14.35
粗利益率
-
ROIC
-
収益性レーダー
価値創造（経済的モート）
ROIC
-
WACC
12.2%
ROIC − WACC
-
ファンダメンタル分析基準
合格（16）
- EPS shows upward trend
- P/FCF 14.35
- P/B Ratio 0.95
- Operating Margin 30.3%
- Positive Free Cash Flow
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- ROE 8.6%
- Revenue Growth 5Y 11.7%
- Analyst Consensus 73% Buy
- Earnings Surprise avg 6.0%
- PEG Ratio 0.98
- Earnings Quality (OCF/NI) 1.13
- Share Dilution 0.0%
- Piotroski F-Score 7/9
不合格（6）
- Price CAGR 1.53%
- Debt/Equity ratio
- Interest Coverage
- Return on Tangible Assets
- DCF valuation (Overvalued)
- Net Margin Trend 25.0% vs 27.1%
データなし（5）
- ROIC NaN%
- Gross Margin NaN%
- Dividend Payout NaN%
- Current Ratio
- Debt/EBITDA
Piotroski F-スコア
財務健全性が高い
利益の質
高品質：利益はキャッシュに裏付けられている
株式希薄化
株式を買い戻している。株主に友好的
機関投資家の保有
ガバナンス
経営陣
| 氏名 | 役職 | 年齢 |
|---|---|---|
| Mr. Stephen D. Steinour | Chairman, President & CEO | 66 |
| Mr. Zachary J. Wasserman | CFO & Senior EVP | 50 |
| Ms. Helga S. Houston | Senior Executive Vice President | 64 |
| Mr. Scott D. Kleinman | Senior Executive VP & President of Commercial Banking | 55 |
| Mr. Brantley J. Standridge | Senior EVP and President of Consumer & Regional Banking | 49 |
| Ms. Nancy E. Maloney | Executive VP, Controller & Principal Accounting Officer | - |
| Mr. Kendall Kowalski | Executive VP & Chief Information Officer | 56 |
| Mr. Eric Edmund Wasserstrom | Executive VP & Head of Investor Relations | - |
| Ms. Marcy C. Hingst J.D. | Senior EVP, General Counsel & Corporate Secretary | 51 |
| Mr. Timothy W. Miller | Executive VP & Chief Communications Officer | 42 |
監査リスク
3
取締役会リスク
8
報酬リスク
3
株主権利リスク
9
パート2 · 株価と買い時
この部分は企業に価値があるかを判断するものではありません。ファンダメンタルズに納得したうえで、いつ買うかを選ぶためのものです。内容：テクニカル分析、ポテンシャル、過去のドローダウン、ガンマエクスポージャー。
業績推移
via SEC EDGAR
Latest News
Recent headlines for HBAN, sourced from Markets Gazette.
- 4/24/2026POSITIVEAt Huntington Bancshares, the CFO is also the AI strategist
Zachary Wasserman, CFO of Huntington Bancshares, is spearheading the company's artificial intelligence initiatives, a dual role that highlights the growing integration of AI strategy within financial leadership. Wasserman detailed how these AI efforts contributed to Huntington's robust Q1 performance, suggesting a forward-thinking approach to operational efficiency and customer engagement. This strategic focus on AI, coupled with strong quarterly results, positions Huntington Bancshares favorably for future growth and innovation in the competitive banking sector, potentially attracting investor interest.
- 3/2/2026POSITIVEAnalyst Expectations For Huntington Bancshares's Future
Huntington Bancshares (HBAN) has recently garnered significant attention from Wall Street analysts, solidifying a predominantly positive sentiment. In January 2022, Raymond James reiterated its "Strong Buy" rating, while UBS initiated coverage with an encouraging "Buy" recommendation. Although Morgan Stanley maintained a more cautious "Equal-Weight" stance, the prevailing positive judgments suggest a favorable outlook for the stock. UBS's initiation of coverage, in particular, may signal growing institutional interest and potential for increased visibility of the stock. Investors should monitor the market's reaction to these upgrades and the expansion of analytical coverage, which often precedes significant movements in share price.
via Markets Gazette