2026oct
HBAN Oct 2026 · Strong Buy
We initiate coverage on Huntington Bancshares Incorporated (HBAN) with a Strong Buy rating and a central fair value estimate of $20.81 per share, representing a 35.7% implied upside and a 26.3% price discount relative to the prevailing share price of $15.33 as of October 2, 2026. Although investors must closely navigate near-term integration headwinds following the transformational acquisitions of Cadence Bank and Veritex Holdings—most visibly reflected in reported nonaccrual loans rising to $1,589 million (0.84% of loans) and annualized net charge-offs reaching 0.25% —Huntington's superior retail deposit franchise, robust reserve buffer of $3,381 million (1.78% of loans), and accelerating noninterest fee streams position the bank for an operating earnings inflection toward $1.77 per diluted share by FY2027.Latest published research · analyzed 2026-10-05 · current · sources aging