Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares reported net income of $721 million, or $0.33 per diluted share, for the third quarter of 2026 12.

A year earlier it earned $629 million, or $0.41 per share, and this quarter carried $117 million of acquisition-related expenses, the one-time costs of joining Cadence Bank and Veritex into the bank 1.

Net interest income, the gap between what the bank earns on loans and what it pays on deposits, rose 37 percent to $2.1 billion, because Cadence and Veritex added loans and deposits 1.

Total assets reached $287.8 billion on 30 September 2026, up 28 percent from the end of 2025 1.

Average loans slipped 0.4 percent from the prior quarter, while expenses outside acquisition costs stayed flat, the earnings release said 2.

Chairman and chief executive Steve Steinour said the bank is on track to meet its financial targets, with synergies from the two deals arriving 2.

Huntington says it has served customers since 1866 and was organized under Maryland law in 1966, with its headquarters in Columbus, Ohio 4.

Its largest earlier deal in the annual report's exhibit list is the merger agreement with TCF Financial Corporation, dated 13 December 2020 4. The Exhibit 21 subsidiary list still names TCF units 5.

From 2023 to 2025 the business grew slowly: interest income was $8,916 million, $9,921 million and then $10,310 million, while net income went from $1,951 million to $1,940 million and $2,211 million 4.

The margin it earns on its lending, called net interest margin, was 3.19 percent in 2023, 3.00 percent in 2024 and 3.13 percent in 2025 4.

Diluted earnings per share were $1.39 in 2025 against $1.22 in 2024, and interest expense fell 6 percent as funding costs eased 4.

The size of the bank then jumped through two stock deals 4. Veritex Holdings of Dallas was completed on 20 October 2025, adding $12.0 billion in assets, $9.3 billion in loans and $10.5 billion in deposits 4.

On 27 October 2025 REBusinessOnline reported that Huntington agreed to acquire Cadence Bank in an all-stock merger described as a $7.4 billion deal, exchanging 2.475 Huntington shares for each Cadence share 11.

Two trade outlets reported that Huntington planned no branch closures at the more than 390 Cadence locations 1012.

The merger closed on 1 February 2026, and the bank put the total consideration at about $8.3 billion 1.

In January 2026 Huntington Securities and Capstone Partners finished buying three business units from Janney Montgomery Scott, a deal that brought nearly 140 Janney employees into the bank 9.

Consumer and regional banking

This segment serves people and small to mid-sized businesses with deposits, loans, payments, mortgages, car and boat financing, wealth management and insurance, through branches, online banking and call centers 4.

Its net income for the first nine months of 2026 was $1,494 million, up 50 percent from $998 million a year earlier, helped by the Cadence and Veritex acquisitions 1.

The bank markets a Fair Play approach, with products such as 24-Hour Grace and the $50 Safety Zone that spare customers some overdraft fees 4.

Commercial banking

Commercial Banking serves mid-sized to large companies nationwide, with middle market lending, commercial real estate, equipment and asset finance, capital markets and payments 4.

Its nine-month net income was $1,116 million, up 25 percent, while a catch-all line for technology, operations and unallocated items lost $639 million 1.

Fee businesses

In the third quarter of 2026, payments and cash management revenue was $211 million, wealth and asset management $131 million and capital markets and advisory fees $122 million 2.

Capital markets fees rose partly because of the three units bought from Janney, whose middle-market investment bank TM Capital joined Capstone Partners 91.

Footprint and people

As of 30 September 2026 the bank operated about 1,400 branches in 21 states, with commercial and vehicle finance businesses working nationally 1.

The headquarters is the thirty-seven story Huntington Center in Columbus, Ohio, and the commercial headquarters is the Detroit Tower in Detroit, Michigan 4.

Brantley Standridge became President on 8 September 2026, taking the title from Steinour, who remains chairman and chief executive 7.

Average staff in the third quarter was 25.9 thousand full-time equivalents, up from 20.2 thousand a year earlier 2.

Rivals and problems

The annual report names other banks, credit unions, finance and trust companies, mortgage lenders, insurers, brokerages and financial technology firms as competitors 4.

Nonperforming assets, loans that have stopped paying as agreed, totaled $1.7 billion on 30 September 2026, up 82 percent from year-end 2025, partly from $295 million assumed with Cadence 1.

Moody's outlook on the company's credit ratings was negative at 30 September 2026, while the other three rating agencies listed were stable 1.

The umbrella, in words

Huntington Bancshares is the holding company, and The Huntington National Bank is its only bank subsidiary 1.

Exhibit 21.1 lists its direct and indirect subsidiaries at 31 December 2025, including Capstone Partners, Huntington Securities, Huntington Insurance and Huntington Distribution Finance 5.

Tie of ownership: the Bank has an indirect minority equity interest of 18 percent in the Huntington Center building, and it leases about 22 percent of the space 4.

The proxy statement lists two holders above 5 percent on 24 February 2026: Vanguard Group at 8.43 percent and BlackRock at 7.79 percent 6.

The board declared a quarterly common dividend of $0.155 per share, payable 4 January 2027 to holders of record on 18 December 2026 3.

The board approved the repurchase of up to $3.0 billion of common shares on 22 April 2026, with no expiration date, and $2.85 billion remained on 30 September 2026 1.

Helga Houston, a senior executive vice president, gave notice on 18 September 2026 that she intends to retire effective 31 December 2026 8.

The quarterly report lists the bank's priorities as investing in technology and digital capabilities, keeping positive operating leverage, and deploying capital to support organic growth 1.

Steinour said on the earnings release that the bank expects sustained growth in earnings and tangible book value, with the company saying it is on track for its financial targets 2.

The 10-Q adds that growth is expected to continue, with inflation, the path of interest rates and geopolitical developments named as key risks 1.