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Data-driven stock valuation

Huntington Bancshares Incorporated (HBAN) fair value: what the stock is really worth

We calculate from audited financials what Huntington Bancshares Incorporated is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Financial Services · US · Market cap $36.2B · ISIN US4461501045

At a glance

HB Huntington Bancshares Incorporated logo Huntington Bancshares Incorporated HBAN · US
Price$16.63
Fair Value$13.17
Upside−20.8%
Quality53/100

A solid business, but trading 26% above our fair value of $13.17.

As of Aug 18, 2026, the fair value of Huntington Bancshares Incorporated is $13.17 per share against a price of $16.63, so the fair value sits 21% below the price. A model estimate from reported figures, not an analyst target.

✓Healthy Growth (revenue 5y +19.0 %/yr)
✓Highly profitable · 26.6% net margin
✓Moderate debt · generates free cash flow
·3.73% dividend yield
!Trails peers (3/15)
!Moderate moat 63/100
!Weak on valuation: 6 out of 100
Evidence: High Range $9.87 to $16.46

Fair value as of: Aug 18, 2026

From 6 valuation models · updated 23 days ago

Share price −5.5% over the past month.

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

$18.91 $8.05 Fair Value $13.17 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

60‑month range $8.05 – $18.91 · fair‑value band $9.87 – $16.46 · the $16.63 price screens above the $13.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 18, 2026.

Full chart & analysis →

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Analysis

Huntington Bancshares Incorporated (HBAN) currently trades at $16.63, while our model-based Fair Value estimate is $13.17, implying the stock looks roughly 26.3% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of $14.18 per share, and 1 of the 6 models we run sit above the $16.63 price. Bear case: the Dividend Discount group reads lowest at $8.02, and 5 of the 6 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Huntington Bancshares Incorporated generated revenue of $8.3B at a net margin of 26.6%. Revenue grew 33.6% year over year. It earns a return on equity of 8.4%. Net debt stands at $16.7B. Fundamentals as of Aug 18, 2026

Scenario range: $9.87 (bear) to $16.46 (bull), the price of $16.63 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 14% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −13% fair-value upside, at −21%, HBAN screens richer than that median.

Fair Value models

Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($0.4713 per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Model Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence $10.33 $11.30 $15.05 76
Gordon GGM $4.60 $9.57 $15.18 66
DDM Multi-Stage $4.60 $8.02 $10.04 66
All 6 models by family
Dividend Discount
Gordon GGM $4.60 $9.57 $15.18 66
DDM Multi-Stage $4.60 $8.02 $10.04 66
Multiples
P/E Multiple $10.63 $14.18 $17.72 63
P/B Multiple $12.61 $16.81 $21.01 55
Asset-Based
NCAV (Graham) $6.00 $8.05 $12.01 54
Economic Profit
Residual Income best evidence $10.33 $11.30 $15.05 76

Widest divergence: Multiples ($14.18) versus Dividend Discount ($8.02). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 12.8
P/S ratio 2.27 P/E × margin
EPS (TTM) $1.30 price ÷ EPS = P/E 12.8
Dividend yield 3.7% payout 47.7%
Net margin 17.7% FY2025
Return on equity 8.4% TTM
More key figures
Profitability
Return on assets (EBIT) 1.2% avg 5y
Operating margin 40.7% TTM
Growth
Revenue (TTM) $8.3B TTM
Revenue growth (YoY) +33.6% 3y avg +16.2%
EPS growth (YoY) −26.5%
Balance sheet & cash flow
Free cash flow $2.3B FY2025
Net debt $16.7B FY2025 · ≈ 7.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 44 · Market factors (momentum, volatility) 50

Profitability 29
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 68
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Full company description

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services. It offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. The company also provides 24-Hour Grace, Asterisk-Free Checking, Money Scout, $50 Safety Zone, Standby Cash, Early Pay, Instant Access, Savings Goal Getter, And Huntington Heads Up; digitally powered consumer and business financial solutions to consumer finance, regional banking, branch banking, and wealth management customers; direct and indirect consumer loans; dealer finance loans and deposits; and private banking, wealth management and legacy planning through investment and portfolio management, fiduciary administration and trust, institutional custody, and full-service retail brokerage investment services. In addition, it offers equipment financing, asset-based lending, distribution finance, structured lending, municipal financing solutions, and Huntington ChoicePay. Additionally, the company provides lending, liquidity, treasury management and other payment services, and capital markets; government and non-profits, healthcare, technology and telecommunications, franchises, financial sponsors, fund finance, Native American financial, and global services; and corporate risk management, institutional sales and trading, debt and equity issuance, and additional advisory services. The company offers its products through a network of channels, including branches and ATMs, online and mobile banking, and through customer call centers to customers in middle market banking, corporate, specialty, and government banking, asset finance, commercial real estate banking, and capital markets. The company was founded in 1866 and is headquartered in Columbus, Ohio.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Huntington Bancshares Incorporated reported revenue of $12.5B in FY2025 versus $6.1B in FY2021, a compound +19.7%/yr. Reported net income was $2.2B in FY2025, compounding +14.3%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$12.5B
Latest YoY
+4.4%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.2%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.0%
Avg. revenue growth/yr (36Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.8%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+11.6%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+7.9%
Dividend yield3.7%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 7.9% vs 10Y 6.6%, steady
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18.6% (2020) → 21.5% (2025) · rising
Worst earnings drop2,444% (2009) (loss year, drop beyond 100%) · in USD
Revenue +19.7%/yr
FY21 $6.1B
FY22 $8.0B
FY23 $10.8B
FY24 $12.0B
FY25 $12.5B
Net income +14.3%/yr
FY21 $1.3B
FY22 $2.2B
FY23 $2.0B
FY24 $1.9B
FY25 $2.2B
Character of growth · EPS growth decomposed (2014-2025) +6.3 % p.a.
Revenue per share +8.3 %

of which total revenue +15.2 % · buybacks/dilution −5.9 %

EBIT margin −2.7 %
Tax rate +0.9 %
Residual (interest, one-offs) −0.1 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

HBAN screens 26% overvalued. Compare with DBS Group →

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Huntington Bancshares Incorporated · Fair Value
$13.17 −26%Fair Value
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Cite: Fair Value Calculator (2026). "Huntington Bancshares Incorporated Fair Value". https://www.fairvalue-calculator.com/stock/HBAN

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Banks - Regional · 1073 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation
Quality Score 51 · Below median
Fair Value upside −23% · Below median
Profitability
Return on equity (TTM) 8% · Below median
Return on assets 1% · Below median
Net margin (TTM) 27% · Below median
Operating margin (TTM) 41% · Above median
Growth and dividend
Revenue growth 34% · Top 25%
Dividend yield (TTM) 3.7% · Above median
Balance sheet
Debt / equity 0.71× · Above median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 12.8× · Pricier than median
P/B 1.49× · Priciest 25%
P/S (TTM) 4.37× · Pricier than median
P/FCF 15.9× · Priciest 25%
EV/EBITDA 19.2× · Priciest 25%
PEG 2.06× · Pricier than median

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Huntington Bancshares Incorporated deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years-8.3 % per year
Achieved revenue growth, 5 years+19.0 % p.a.
Sector median revenue growth+8.1 %
FCF yield on price9.10 %
Discount rate (WACC) in the models9.2 %

The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE6 · sector 33
FUTURE100 · sector 44
PAST34 · sector 41
HEALTH65 · sector 85
DIVIDEND75 · sector 52

Insider activity: 66/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
DBS Group D05 75.65 SGD 40.48 SGD −46%
China Merchants Bank Co 3968 HK$47.96 HK$76.51 +60%
Intesa Sanpaolo S.p.A ISP €6.74 €5.66 −16%
HDFC Bank Limited HDB $23.18 $24.12 +4%
BNP Paribas SA BNP €104.54 €144.64 +38%
UniCredit S.p.A UCG €84.43 €77.62 −8%
Mizuho Financial Group MFG $11.23 $9.72 −13%
ICICI Bank Limited ICICIBANK ₹1,423 ₹835.21 −41%
Oversea-Chinese Banking Corporation O39 31.07 SGD 19.80 SGD −36%
CaixaBank, S.A CABK €13.52 €8.85 −35%

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Frequently asked questions

Is Huntington Bancshares Incorporated (HBAN) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of $13.17 versus a price of $16.63, about −21% upside (overvalued).
What is the fair value of HBAN?
Our model-based fair value for Huntington Bancshares Incorporated is $13.17 (as of Aug 18, 2026), built from audited fundamentals. The current price: $16.63.
What is the quality score of HBAN?
Huntington Bancshares Incorporated has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Huntington Bancshares Incorporated (HBAN)?
Our model-based price target is the fair value of $13.17 (as of Aug 18, 2026) from 6 valuation models. Cautious scenario $9.87, optimistic scenario $16.46. It is a calculation from audited fundamentals, not an analyst target.
What is the Huntington Bancshares Incorporated stock forecast for 2026?
Our models put fair value at $13.17, about −21% upside versus a price of $16.63 (overvalued). Cautious scenario $9.87, optimistic scenario $16.46. The calculation is refreshed regularly with new filings.
What is the revenue of Huntington Bancshares Incorporated (HBAN)?
Huntington Bancshares Incorporated reported trailing-twelve-month revenue of about $8.3B (latest available figure, as of Aug 18, 2026).
What is the net profit margin of HBAN?
The net profit margin of Huntington Bancshares Incorporated is about 26.6%, meaning it keeps roughly 26.6% of revenue as net income. Based on the latest reported figures.
Does Huntington Bancshares Incorporated pay a dividend?
Huntington Bancshares Incorporated currently shows a dividend yield of about 3.73% relative to its recent price (as of Aug 18, 2026).
What growth is priced into Huntington Bancshares Incorporated (HBAN)?
For today's price to be fair in a discounted-cash-flow model, Huntington Bancshares Incorporated would have to grow free cash flow by -8.3 % per year for ten years (discount rate 9.2 %, then 2 % perpetual growth). Over the last 5 years revenue grew +19.0 % per year. As of Aug 18, 2026.
What discount rate (WACC) does the fair value of HBAN use?
Our models discount Huntington Bancshares Incorporated at 9.2 %: a base by market capitalisation (large), damped by beta 0.97, country premium for USA. The same rate applies in all 26 models.
What is the intrinsic value of Huntington Bancshares Incorporated (HBAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Huntington Bancshares Incorporated it is $13.17 per share (as of Aug 18, 2026), against a price of $16.63. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Huntington Bancshares Incorporated stock overvalued or undervalued in 2026?
As of Aug 18, 2026, HBAN trades above its calculated fair value: price $16.63, fair value $13.17, a gap of about −21% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HBAN?
No. The price is what the market pays today ($16.63); the fair value is what the company's own numbers justify ($13.17). For Huntington Bancshares Incorporated the two are $3.46 per share apart. That gap is exactly why we show both numbers side by side.
How much is Huntington Bancshares Incorporated worth?
The market values Huntington Bancshares Incorporated at about $36.2B (market capitalisation, as of Aug 18, 2026). Per share that is $16.63; our models calculate a fair value of $13.17 per share.
What do the bullish and bearish scenarios say about HBAN?
Our models span a range for Huntington Bancshares Incorporated: cautious scenario $9.87, base $13.17, optimistic $16.46 per share (as of Aug 18, 2026, price $16.63). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HBAN?
Huntington Bancshares Incorporated trades at a price-to-earnings ratio of 12.8 (as of Aug 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $13.17 is built from several models across several years. Other multiples: PEG 2.1, P/B 1.5, P/S 4.4, EV/EBITDA 19.2.
What is the PEG ratio of HBAN?
The PEG ratio of Huntington Bancshares Incorporated is 2.06 (P/E divided by earnings growth, as of Aug 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Huntington Bancshares Incorporated (HBAN)?
Balance-sheet figures for Huntington Bancshares Incorporated (as of Aug 18, 2026): return on equity 8.4%, debt of 0.71 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is HBAN from its 52-week high?
Huntington Bancshares Incorporated trades at $16.63, about 14% below its 52-week high of $19.26 and 13% above the low of $14.77 (as of Aug 18, 2026). Distance from the high says nothing about value: that is what the fair value of $13.17 is for.
Which stocks are comparable to Huntington Bancshares Incorporated?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Huntington Bancshares Incorporated stock attractive at the current price?
The data as of Aug 18, 2026: price $16.63, calculated fair value $13.17 (−21%), Quality Score 53/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HBAN calculated?
We run Huntington Bancshares Incorporated through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $13.17, with the spread shown as a cautious and an optimistic scenario.
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