Huntington Bancshares Incorporated
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.
What does it do?
Huntington Bancshares is a large regional bank headquartered in Columbus, Ohio. Think of it like a bigger, more sophisticated version of your local credit union — it holds your deposits, gives out car loans, writes mortgages, and helps small businesses get financing. It operates about 1,000 branches across the Midwest, covering states like Ohio, Michigan, Indiana, and Pennsylvania. If you've ever driven through the Midwest and seen a teal-and-white bank branch, that's them.
Regional banks like Huntington are a direct barometer of the health of everyday American consumers and small businesses — when people are borrowing, spending, and paying their bills, banks like this do well. Investors are watching regional banks closely right now because interest rates have been elevated, which boosts what banks earn on loans, but also risks pushing borrowers into trouble. After the 2023 regional banking scare that took down Silicon Valley Bank, surviving regional banks like Huntington that proved their stability are being re-evaluated as potential comeback stories.
How does it make money?
Huntington makes money the old-fashioned bank way: it takes in deposits (your savings account) at a low interest rate and lends that money out at a higher rate — the gap between those two rates is called net interest income, and it's the engine of the business. The bank also earns fees from services like wealth management, mortgage origination, and its dealer financing arm, which funds car dealerships across the Midwest. Total revenue grew from $7.4B to $8.2B in the latest year, roughly an 11% jump, with net income of $2.1B showing the business is genuinely profitable, not just growing on paper.
Why do investors care?
The bull story for Huntington is simple: it's a well-run, boring bank in a region of America that isn't flashy but is economically stable, and boring banks can be very good investments. The company has been expanding — it acquired TCF Financial in 2021, which added scale in Michigan and the upper Midwest, and management has been focused on squeezing efficiency out of that deal. For investors, the bet is that as the Fed eventually cuts interest rates from their highs, credit quality holds up and Huntington can grow its loan book while maintaining its hefty dividend — currently yielding around 4% — making it attractive for income-focused investors.
Deep Dive
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