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. Through its subsidiary, The Huntington National Bank, which has served customers since 1866, it provides full-service commercial and consumer deposit, lending, and other banking and financial services. These include payments, mortgage banking, direct and indirect consumer financing, investment banking, capital markets, advisory, equipment financing, distribution finance, investment management, trust, brokerage, and insurance. At December 31, 2025, it operated more than 1,000 branches in 14 states. After completing its merger with Cadence Bank on February 1, 2026, it operates nearly 1,400 branches in 21 states, with certain businesses in extended geographies. It also acquired Veritex Holdings of Dallas, Texas, on October 20, 2025, in a transaction valued at $1.7 billion that added $12.0 billion in assets and $10.5 billion in deposits. The Cadence merger was a 100% stock transaction valued at about $8.1 billion; Cadence had $54 billion in assets at year-end 2025.

The company reports two business segments plus a Treasury / Other function. Consumer & Regional Banking offers deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, and insurance through branches, ATMs, online and mobile banking, call centers, and national partnerships. It comprises Consumer Finance (direct, indirect, and dealer finance loans for autos, recreational vehicles, marine craft, and powersports), Regional Banking (small to mid-sized businesses, SBA lending, practice finance, capital markets access, and treasury management), Branch Banking, and Wealth Management (private banking, trust, custody, and brokerage). The segment is built on a "Fair Play" banking philosophy with products such as 24-Hour Grace, Asterisk-Free Checking, and Standby Cash. Commercial Banking covers Middle Market Banking; Corporate, Specialty, and Government Banking; Asset Finance; Commercial Real Estate Banking; Capital Markets; and National Settlements. Treasury / Other includes technology and operations and other unallocated items.

Customers include consumers, small and mid-sized businesses, mid-market and large corporations, government entities and non-profits, commercial real estate developers and institutional sponsors, auto and other dealerships, large manufacturers and their dealers, and law firms, claims administrators, and regulatory agencies. Commercial Banking serves clients across a national footprint. Huntington ranks first in deposit market share in Columbus, Grand Rapids, and Akron, and second in Cleveland. It also has deposits in Detroit, Chicago, Dallas-Fort Worth, Minneapolis-St. Paul, Indianapolis, and Pittsburgh.

Huntington competes with other banks, savings and loans, credit unions, finance and trust companies, mortgage banking companies, equipment and auto finance companies, insurance companies, mutual funds, investment advisors, brokerage firms, non-bank lenders, and FinTechs. It competes mainly on value, service, relationships, convenience, and pricing. The Bank is a national banking association supervised by the OCC and FDIC, and the holding company is a financial holding company supervised by the Federal Reserve. It is also subject to CFPB oversight and is currently a Category IV banking organization. Its common stock is listed on the Nasdaq Global Select Market.