Core Insights - Huntington Bancshares Incorporated is a prominent financial institution in the United States, offering a variety of banking services and competing with entities like First Financial Corporation Indiana [1] Financial Performance - Huntington Bancshares demonstrates strong profitability metrics with a net margin of 18.06%, return on equity of 12.14%, and return on assets of 1.09%, although these figures are slightly lower than those of First Financial Corporation Indiana, which has a net margin of 21.70%, return on equity of 12.99%, and return on assets of 1.33% [3][6] Analyst Recommendations - Analyst ratings for Huntington Bancshares include 1 sell rating, 3 hold ratings, 15 buy ratings, and 3 strong buy ratings, resulting in a rating score of 2.91, compared to First Financial Corporation Indiana's score of 2.80, which includes 0 sell ratings, 2 hold ratings, 2 buy ratings, and 1 strong buy rating [4][6] Stock Performance - The current stock price of Huntington Bancshares is $16.27, with a market capitalization of approximately $23.74 billion. The stock has fluctuated between $16.13 and $16.37 today, and over the past year, it has ranged from a low of $11.92 to a high of $18.33, with a trading volume of 32.97 million shares indicating active investor interest [5][6]

Core Insights - Huntington Bancshares Incorporated (HBAN) has expanded its footprint and capabilities through strategic acquisitions, indicating a commitment to growth and long-term profitability [1] Acquisition Strategy - In October 2025, Huntington acquired Veritex Holdings, enhancing its presence in Texas with 31 new branches, resulting in over 1,000 locations and approximately $223 billion in assets, $176 billion in deposits, and $148 billion in loans. The acquisition is projected to yield $20 million in core pre-provision net revenue benefits and improve efficiency and return on tangible common equity [2] - Huntington also entered into an agreement to acquire Cadence Bank, expected to close in Q1 2026, which will add over 390 locations and is anticipated to be 10% accretive to earnings per share, though mildly dilutive to regulatory capital and tangible book value [3] - Previous acquisitions include Capstone Partners and Torana in 2022, which enhanced capital markets and digital capabilities, respectively, and the merger with TCF Financial in 2021, positioning Huntington among the top 25 U.S. bank holding companies [4] Long-term Growth Strategy - Huntington's acquisitions reflect a disciplined growth strategy focused on scale, market expansion, and enhanced capabilities, aiming for a compounded annual growth rate of 6-9% in core pre-provision net revenue and a return on tangible common equity of 16-17% by 2027 [5] Market Performance - Year-to-date, Huntington's shares have increased by 0.7%, compared to the industry's growth of 2.1% [10] - The forward price-to-earnings (P/E) ratio for HBAN is 9.47X, below the industry average of 9.69X [13] - The Zacks Consensus Estimate for HBAN's earnings indicates a year-over-year rise of 20.9% for 2025 and 13.1% for 2026, with the 2026 estimate revised upward recently [17]

Core Insights - The Partner Companies (TPC) has completed a $100+ million equity investment from Tensile Capital Management, contributing to a total capital raise exceeding $300 million to enhance manufacturing operations and strategic growth [2][3][4]. Financing Details - The recent financing includes a $200+ million syndicated credit facility led by Huntington Bank, aimed at accelerating growth across TPC's 11 brands serving various industries [2][4]. - The total capital raised will support TPC's expansion in aerospace, defense, medical technology, energy, and other sectors [2][4]. Growth Strategy - The minority equity investment will enable TPC to expand its specialized manufacturing capabilities, pursue acquisitions, and advance its technology [3][4]. - TPC has a history of strategic acquisitions, having expanded its manufacturing footprint through five acquisitions since 2020, including Precision Eforming and UPG [4]. Partnership and Investment Approach - The partnership with Tensile is expected to enhance TPC's strategy by providing long-term capital access and aligning with TPC's focus on sustainable value creation [4][7]. - Tensile's investment approach emphasizes long-term investments and collaboration with management teams, which aligns with TPC's growth strategy [4][7]. Company Overview - TPC is a global diversified manufacturing company founded in 2010, specializing in mission-critical solutions for industries such as aerospace, defense, clean energy, and medical technology [6]. - TPC operates 11 specialty manufacturers across the U.S., U.K., Mexico, and Asia, focusing on advanced manufacturing techniques [6].

Core Viewpoint - Huntington Bancshares Incorporated (NASDAQ:HBAN) has announced a definitive agreement to acquire Cadence Bank, a significant move aimed at enhancing its market position and growth potential [1][2]. Group 1: Acquisition Details - The acquisition of Cadence Bank, valued at $53 billion, represents a strategic milestone for Huntington Bancshares [1]. - This partnership, along with the previous acquisition of Veritex Community Bank, will position Huntington as the 5th largest in deposit market share in Dallas and Houston, and 8th in Texas overall [2]. Group 2: Strategic Growth and Market Position - The acquisition is expected to provide Huntington Bancshares with a foothold in high-growth markets, facilitating further organic growth and investment opportunities [3]. - The company plans to maintain Cadence's extensive branch network without closures, focusing on investments to strengthen its operational model [4]. Group 3: Financial Performance - Huntington Bancshares highlighted that its Q3 2025 results reflect the strength of its differentiated operating model, driven by targeted growth investments and effective execution of core strategies [4].

Group 1 - The focus is on income-producing asset classes such as REITs, ETFs, Preferreds, and 'Dividend Champions' that target premium dividend yields up to 10% [1][3] - iREIT®+HOYA Capital is highlighted as a premier income-focused investing service that offers sustainable portfolio income, diversification, and inflation hedging [2][3] - The investment research provided includes strategies for trading options with a focus on cash-secured puts, aimed at helping investors prepare for retirement [3] Group 2 - The service offers a Free Two-Week Trial for potential investors to explore top ideas across exclusive income-focused portfolios [2] - The group aims to assist investors in achieving dependable monthly income and portfolio diversification [3]

Group 1 - The focus is on income-producing asset classes such as REITs, ETFs, Preferreds, and 'Dividend Champions' that target premium dividend yields up to 10% [1][3] - iREIT®+HOYA Capital is highlighted as a premier income-focused investing service that offers sustainable portfolio income, diversification, and inflation hedging [2][3] - The investment research provided includes strategies for trading options with a focus on cash-secured puts, aimed at helping investors prepare for retirement [3] Group 2 - The service offers a Free Two-Week Trial for potential investors to explore top ideas across exclusive income-focused portfolios [2] - The group aims to assist investors in achieving dependable monthly income and portfolio diversification [3]

Core Insights - Three stocks are highlighted with a buy rank and strong income characteristics for investors to consider on November 4 Group 1: TriNet Group, Inc. (TNET) - The Zacks Consensus Estimate for current year earnings has increased by 2.6% over the last 60 days [1] - The company has a Zacks Rank of 1 (Strong Buy) [1] - The dividend yield is 1.8%, compared to the industry average of 0.8% [1] Group 2: Huntington Bancshares Incorporated (HBAN) - The Zacks Consensus Estimate for current year earnings has increased by 2.1% over the last 60 days [2] - The company has a Zacks Rank of 1 (Strong Buy) [2] - The dividend yield is 4%, compared to the industry average of nearly 3% [2] Group 3: Isabella Bank Corporation (ISBA) - The Zacks Consensus Estimate for current year earnings has increased by 3.9% over the last 60 days [3] - The company has a Zacks Rank of 1 (Strong Buy) [3] - The dividend yield is 3.1%, compared to the industry average of 2.7% [3]

Company Overview - Huntington Bancshares Incorporated (HBAN) is a regional bank holding company based in Columbus, Ohio, providing a comprehensive range of banking services primarily in the U.S. Midwest and surrounding states, with a market capitalization of approximately $22.4 billion [1] Stock Performance - HBAN shares have underperformed the broader market, declining 3.1% over the past 52 weeks, while the S&P 500 Index has increased by 17.4%. Year-to-date, HBAN is down 6.3%, compared to the S&P 500's 16% return [2] - The stock has also lagged behind the Financial Select Sector SPDR Fund (XLF), which has returned 10.8% over the past 52 weeks and 8.1% year-to-date [3] Recent Developments - The recent decline in HBAN stock is largely due to investor concerns regarding its $7.4 billion all-stock acquisition of Cadence Bank, which may lead to near-term dilution of tangible book value and a pause in share buybacks until the integration is completed [4] - Broader caution in the regional banking sector, driven by margin pressures, funding cost risks, and economic uncertainty, has negatively impacted sentiment towards HBAN, despite relatively stable fundamentals [5] Earnings Outlook - For the fiscal year ending December 2025, analysts project HBAN's earnings per share (EPS) to grow by 20.2% year-over-year to $1.49. The company has a strong earnings surprise history, having beaten or matched bottom-line estimates in the last four quarters [5] Analyst Ratings - Among 22 analysts covering HBAN, the consensus rating is a "Strong Buy," an upgrade from "Moderate Buy" two months ago. This rating is based on 16 "Strong Buy" ratings, one "Moderate Buy," four "Holds," and one "Strong Sell" [6] - The current analyst configuration is more bullish than two months ago, when 15 analysts had a "Strong Buy" rating [7]

Group 1 - Huntington Bancshares Incorporated announced a decrease in its prime rate from 7.25% to 7.00%, effective October 30, 2025 [1] - The previous change in the prime rate occurred on September 18, 2025, when it decreased from 7.5% to 7.25% [1] Group 2 - Huntington Bancshares Incorporated is a regional bank holding company with $223 billion in assets, headquartered in Columbus, Ohio [2] - The company provides a comprehensive suite of banking, payments, wealth management, and risk management products and services to various clients, including consumers and businesses [2] - Huntington operates over 1,000 branches across 14 states [2] Group 3 - Huntington Bancshares Incorporated has entered into a definitive agreement to acquire Cadence Bank, which has $53 billion in assets [3]

Financial Performance - For Q3 2025, Huntington reported net income of $629 million, or $0.41 per diluted common share, compared to $517 million, or $0.33 per diluted common share in Q3 2024, representing a 22% increase in net income [24]. - Net interest income for Q3 2025 was $1.5 billion, an increase of $155 million, or 11%, from the previous year, with FTE net interest income rising by $159 million, or 12% [25]. - Noninterest income reached $628 million, up $105 million, or 20%, driven by gains in various revenue streams including payments and cash management [27]. - The efficiency ratio improved to 57.4% in Q3 2025, down from 59.4% in Q3 2024, indicating better cost management [21]. - Return on average total assets increased to 1.19% in Q3 2025, compared to 1.04% in Q3 2024, reflecting improved profitability [21]. - Net income attributable to Huntington for the nine months ended September 30, 2025, was $1,692 million, an increase of $282 million, or 20%, compared to $1,410 million for the same period in 2024 [181]. Credit Losses and Provisions - The provision for credit losses rose by $16 million, or 15%, to $122 million in Q3 2025, with the allowance for credit losses increasing to $2.6 billion, or 1.86% of total loans and leases [26]. - Provision for credit losses for Q3 2025 was $122 million, an increase of $16 million, or 15%, compared to Q3 2024 [51]. - The provision for credit losses in Consumer & Regional Banking increased by $79 million, or 35%, primarily due to higher net charge-offs and loan growth [182]. - Net charge-offs (NCOs) were $75 million, or 0.22% of average total loans and leases, a decrease from $93 million, or 0.30%, in the same quarter last year [82]. - The total net charge-offs for the first nine months of 2025 were $227 million, compared to $275 million for the same period in 2024 [100]. Assets and Liabilities - Total assets increased to $210.2 billion, up $6.0 billion or 3% from December 31, 2024, driven by a $7.9 billion or 6% increase in loans and leases [28]. - Total liabilities rose to $187.9 billion, an increase of $3.5 billion or 2%, primarily due to a $2.8 billion or 2% increase in total deposits [28]. - Average assets for Q3 2025 were $209.7 billion, an increase of $11.4 billion, or 6%, from Q3 2024, driven by a 9% increase in average loans and leases [40]. - Total deposits increased by $2.8 billion, or 2%, to $165.2 billion at September 30, 2025, compared to $162.4 billion at December 31, 2024 [131]. Equity and Capital - Tangible common equity to tangible assets ratio improved to 6.8% from 6.1% year-over-year, reflecting increased earnings and improved AOCI [29]. - The CET1 risk-based capital ratio was 10.6% at September 30, 2025, slightly up from 10.5% at December 31, 2024 [29]. - Shareholders' equity totaled $22.2 billion at September 30, 2025, an increase of $2.5 billion, or 13%, compared to December 31, 2024 [171]. - The total risk-based capital ratio was 14.7% at September 30, 2025, compared to 14.3% at December 31, 2024 [166]. - The company has an active program for managing capital and believes current levels of regulatory capital and shareholders' equity are adequate [164]. Mergers and Acquisitions - Huntington completed the acquisition of Veritex Holdings, issuing approximately $1.7 billion in total consideration, with Veritex holding $12.8 billion in assets as of September 30, 2025 [17]. - Huntington announced a definitive merger agreement with Cadence Bank, valued at approximately $7.4 billion, expected to close in Q1 2026 [18]. Economic Environment - The labor market faced challenges with an unemployment rate of 4.3%, but consumer spending remained robust, indicating a transitional phase rather than a downturn [34]. - The Federal Reserve reduced the federal funds rate by 25 basis points in September 2025, marking the first adjustment since December 2024 [33]. - The company continues to assess macroeconomic uncertainties, including inflation and geopolitical instability, which may impact future credit quality and economic performance [91]. Noninterest Expenses - Noninterest expense was $1.2 billion, an increase of $116 million, or 10%, primarily due to higher personnel costs and acquisition-related expenses from the Veritex acquisition [27]. - Personnel costs increased by $73 million, or 11%, in Q3 2025, primarily due to higher incentive compensation and salary expenses [59]. Interest Rate Risk Management - The cumulative total deposit beta was 32% following the start of the current falling rate cycle in Q3 2024, impacting interest expense and overall deposit costs [106]. - The net interest income at risk (NII at Risk) for a +200 basis point shift in interest rates is projected to be 1.7% as of September 30, 2025, compared to 2.0% at December 31, 2024 [109]. - The Economic Value of Equity at Risk (EVE at Risk) showed a sensitivity of -7.7% for a +200 basis point shift in interest rates as of September 30, 2025, down from -12.6% at December 31, 2024 [113]. - The company utilized various derivative instruments, including interest rate swaps and floors, to manage interest rate risk and minimize fluctuations in earnings [114].