HUNTINGTON BANCSHARES INC /MD/ (HBAN)

Huntington Bancshares Incorporated is a multi-state diversified regional bank holding company, organized under Maryland law in 1966 and headquartered in Columbus, Ohio, operating through its subsidiary, The Huntington National Bank, which has served customers since 1866. The company provides full-service commercial and consumer deposit, lending, and other banking and financial services, including payments, mortgage banking, direct and indirect consumer financing, investment banking, capital markets, advisory, equipment financing, distribution finance, investment management, trust, brokerage, and insurance. As of December 31, 2025, Huntington operated more than 1,000 branches across 14 states; following its acquisition of Cadence Bank on February 1, 2026, it operates nearly 1,400 branches in 21 states.

The company recently completed two significant acquisitions: Veritex Holdings, Inc. (closed October 20, 2025, valued at $1.7 billion, adding $12.0 billion in assets and $10.5 billion in deposits) and Cadence Bank (closed February 1, 2026, an all-stock transaction valued at approximately $8.1 billion, with Cadence holding $54 billion in assets and $44 billion in deposits as of year-end 2025). Huntington operates through two primary business segments—Consumer & Regional Banking and Commercial Banking—along with a Treasury/Other function. Consumer & Regional Banking serves consumers and businesses through Consumer Finance, Regional Banking, Branch Banking, and Wealth Management, offering deposits, lending, dealer financing, payments, and wealth management under its "Fair Play Banking" philosophy, which includes distinctive products such as 24-Hour Grace, Standby Cash, and Money Scout.

Commercial Banking serves mid-market to large corporate clients nationally through Middle Market Banking, Corporate/Specialty/Government Banking, Asset Finance, Commercial Real Estate Banking, Capital Markets, and National Settlements, providing lending, treasury management, capital markets, and industry-specific expertise. The company competes with banks, credit unions, insurance companies, mortgage and finance companies, brokerage firms, and increasingly with FinTech companies, differentiating itself through customer-friendly products and strong regional market positions, including leading deposit market shares in Columbus, Cleveland, Grand Rapids, and Akron. As a bank holding company with total consolidated assets between $100 billion and $250 billion, Huntington currently qualifies as a Category IV banking organization under U.S. regulatory frameworks, subject to supervision by the Federal Reserve, OCC, FDIC, CFPB, SEC, and FINRA, among others.

Following the Cadence acquisition, Huntington's assets will exceed $250 billion, triggering transition to more stringent Category III regulatory requirements, including enhanced liquidity, leverage, and capital standards. As of December 31, 2025, Huntington and the Bank maintained capital ratios exceeding regulatory minimums and well-capitalized thresholds, including a consolidated CET1 ratio of 10.4%, Tier 1 risk-based capital ratio of 12.0%, total risk-based capital ratio of 14.2%, and Tier 1 leverage ratio of 9.3%.