Core Viewpoint - Piper Sandler raised the price target for Huntington Bancshares Incorporated (HBAN) to $16 from $15 while maintaining an Underweight rating, following the company's strategic updates and upcoming conference slides [1] Group 1: Acquisition and Job Cuts - Huntington Bancshares announced a definitive agreement to acquire Cadence Bank, a $53 billion regional bank, with plans to reduce jobs at Cadence as part of the $7.4 billion acquisition [2] - The acquisition aims to strengthen Huntington's presence in one of the three most attractive US markets, although the exact number of job cuts has not been disclosed [2] Group 2: Strategic Focus and Growth - Huntington's core strategy remains focused on organic growth, supported by a strong track record of successful integrations and the use of mergers and acquisitions to fuel further expansion [1] - The company may shift some operational rules from other regions to Texas as it emphasizes growth in the new market following the acquisition [3]

Core Viewpoint - Huntington Bancshares Incorporated (HBAN) is a regional financial services company with a market cap of $24.8 billion, offering a range of retail, commercial, and wealth management services primarily in the Midwest [1]. Company Overview - HBAN is classified as a "large-cap" stock due to its valuation exceeding $10 billion, and it has a strong digital presence along with an extensive branch network [2]. Stock Performance - HBAN shares have decreased by 2.6% from their 52-week high of $18.03 and have underperformed the Dow Jones Industrial Average, which rose by 5.6% over the past three months [3]. - Year-to-date, HBAN stock is up 7.9%, lagging behind the Dow's 13% gain, and has increased by 1.9% over the past 52 weeks compared to the Dow's 8.6% return [4]. - The stock has been trading above its 50-day and 200-day moving averages since late November, indicating a recent uptrend [4]. Recent Developments - On December 10, HBAN shares rose over 3% following the announcement of a reduction in its prime rate from 7% to 6.75%, effective December 11, 2025, after a previous cut on October 30 [5]. - In contrast, rival Regions Financial Corporation (RF) has seen a significant improvement of 16.4% in 2025 and 8.1% over the past year, outperforming HBAN [5]. Analyst Sentiment - Despite the stock's underperformance, analysts maintain a moderately optimistic outlook on HBAN, with a consensus rating of "Moderate Buy" from 23 analysts and a mean price target of $19.84, representing a 13% premium to current levels [6].

COLUMBUS, Ohio, Dec. 10, 2025 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is decreasing from 7.00 percent to 6.75 percent, effective December 11, 2025.  Huntington's rate last changed on October 30, 2025, decreasing from 7.25 percent to 7.00 percent.  About Huntington  Huntington Bancshares Incorporated is a $223 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates pr ...

Core Insights - Huntington has experienced significant growth in loans and deposits while expanding its presence in the Carolinas and Texas [1] - The bank's recent acquisitions of Veritex and Cadence are expected to enhance its market position in the coming years [1] Company Overview - Huntington's operating model is designed to create value through sustained growth that outperforms peers [3] - The bank has established specialty banking verticals that support both regional and national banking teams, contributing to its growth strategy [3]

Summary of Huntington Bancshares Conference Call Company Overview - **Company**: Huntington Bancshares (NasdaqGS: HBAN) - **Date**: December 10, 2025 - **Key Speakers**: Steve Steinour (Chairman, President, and CEO), Zach Wasserman (CFO) Key Industry and Company Insights 1. Growth Strategy - Huntington is focused on best-in-class loan and deposit growth, particularly in the Carolinas and Texas, supported by recent acquisitions of Veritex and Cadence [1][2] - The company emphasizes a differentiated operating model that drives sustained above-peer growth, with a focus on organic growth as the foundation of its strategy [2][3] 2. Acquisitions and Integration - The integration of Veritex and Cadence is seen as a springboard for organic growth rather than an alternative to it, with a disciplined approach to capital allocation and risk management [3][4] - Huntington's proven track record of successful integrations, such as with TCF, gives confidence in the upcoming integrations [4][6] 3. Financial Performance - Loan and deposit growth has significantly outpaced peers, with expectations to maintain strong momentum into 2026 [4][5] - The company has achieved a growth rate of 5% annually post-TCF integration, compared to a pre-acquisition growth rate of just over 4% [7][8] 4. Market Positioning - Huntington is positioned to become the 10th largest bank in the U.S. with a strong presence in high-growth markets, particularly in Texas [9][10] - The company anticipates significant demographic tailwinds in its new markets, with a focus on customer acquisition and deepening relationships [10][11] 5. Revenue Synergies - Expected revenue synergies from the Cadence acquisition include offering a full suite of Huntington products to Cadence's customer base and enhancing customer relationships [11][12] - The company has a strong pipeline of capital markets activities already emerging from the Veritex partnership [44][45] 6. Operational Efficiency - Huntington has maintained a commitment to positive operating leverage, with a focus on re-engineering costs to invest in growth areas such as technology and marketing [39][40] - The company has achieved a positive operating leverage of 250 basis points and expects to continue this trend into 2026 [32][40] 7. Customer Retention and Integration Challenges - Customer retention post-merger is a priority, with efforts focused on building trust and transparency with new colleagues and customers [45][46] - The company is prepared for the integration challenges, with a focus on maintaining organic growth during the integration process [24][25] 8. Future Outlook - Huntington is optimistic about its growth trajectory, with expectations for continued strong loan and deposit production and growth in value-added fee services [32][48] - The company is not looking to expand beyond its current geographic footprint but aims to deepen its market share in existing regions [22][23] Additional Important Points - The competitive landscape in the South and Texas is described as dynamic, with expected market growth rates significantly above the national average [16][17] - Huntington's approach to M&A is cautious, focusing on organic growth as a prerequisite for future partnerships [21][22] - The company has invested in data and automation to prepare for regulatory requirements associated with its Category III designation, with no expected incremental expenses [47]

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Core Insights - Huntington National Bank has opened its first full-service branches in Charleston and Greenville, South Carolina, as part of a strategy to launch approximately 55 branches across North and South Carolina [1][2] - The bank aims to enhance customer service and community engagement through these new locations, which offer teller services, personal banking, and ATM access [1][2] - Huntington's recent acquisition of Cadence Bank for $7.4 billion is expected to significantly increase its operational scale, particularly in Texas and Mississippi, and position it among the top 10 banks in the US by size [3][4] Expansion Strategy - The Charleston branch is located at 677 King Street, while the Greenville branch is at 606 South Main Street [1] - Huntington previously opened its first South Carolina branch in Spartanburg and its first North Carolina branch in Charlotte's SouthPark district earlier this year [3] - The bank's commitment to the Upstate region is emphasized by local market leaders expressing pride in the new branches [2] Acquisition and Growth - The acquisition of Cadence Bank, which has over 390 locations, is projected to enhance Huntington's footprint and operational capabilities [3][4] - Following the merger with Veritex Holdings, Huntington anticipates pro forma assets of $276 billion and deposits totaling $220 billion [4] - Job cuts are expected at Cadence Bank post-acquisition, although the number of positions affected has not been disclosed [4][5]

Market Overview - The U.S. stock market faced significant turbulence in November 2025, influenced by elevated valuations, mixed economic signals, and changing expectations for the Federal Reserve's monetary policy [1][2] - The pullback in AI-linked megacap stocks led to profit-taking, impacting broader indices, with the S&P 500 and Dow Jones Industrial Average showing modest gains while the Nasdaq Composite declined [1] Economic Indicators - Heavy selling in equities occurred mid-November due to a breakdown in the "AI trade" and reduced odds for rate cuts following hawkish Fed remarks amid a government shutdown [2] - Sentiment improved during the Thanksgiving week as weakening labor market data and dovish economic indicators raised hopes for a potential Fed rate cut in December [2] Sector Performance - Rate-sensitive sectors, particularly Financial Services, emerged as top performers in November, benefiting from optimism around economic stability and expectations of rate cuts [3] - Five selected bank stocks outperformed the S&P 500 in November, driven by rising net interest income (NII), acquisitions, and regional expansions [7] Selected Bank Stocks - Citizens Financial Group (CFG), Huntington Bancshares (HBAN), Regions Financial (RF), U.S. Bancorp (USB), and Fifth Third Bancorp (FITB) are highlighted as strong performers with market caps of $20 billion or more [5][7] - CFG reported $222.7 billion in assets and is on track to meet its 2025 targets for deposits, loans, and assets under management [9][10] - HBAN's recent acquisitions and expansion plans are expected to drive loan and deposit growth, with management projecting an 8% increase in loans and 5.5% in deposits for 2025 [17][18] - USB is focusing on expanding consumer and commercial deposits and enhancing fee-based revenue through payment innovations, with a market cap of $76.24 billion [22][21] - RF is advancing its growth strategy through acquisitions and is benefiting from rising loan pipelines, with a market cap of $22.32 billion [25][24] - FITB is expanding its geographic footprint and has announced a merger with Comerica, which will create the ninth-largest U.S. bank, with a market cap of $28.73 billion [30][31]

Group 1 - The law office of Brodsky & Smith is investigating potential claims against the Board of Directors of Cadence Bank for possible breaches of fiduciary duty related to its sale to Huntington Bancshares in an all-stock deal valued at $7.4 billion [1][2] - The transaction involves Huntington issuing 2.475 shares of common stock for each outstanding share of Cadence Bank, implying a value of $39.77 per Cadence share based on Huntington's closing price of $16.07 as of October 24, 2025 [1] - The investigation focuses on whether the Cadence Bank Board conducted a fair process and whether the deal consideration provides fair value to shareholders [2]

Group 1 - Huntington Bancshares Incorporated will participate in the 2025 Goldman Sachs Financial Services Conference on December 10, 2025, with presentations by CEO Steve Steinour and CFO Zach Wasserman [1] - The presentation will cover business trends, financial performance, and strategic initiatives, including forward-looking statements [1] - The company is a regional bank holding company with $223 billion in assets, headquartered in Columbus, Ohio, and operates over 1,000 branches across 14 states [3] Group 2 - Huntington Bancshares has announced a decrease in its prime rate from 7.25% to 7.00%, effective October [4] - The company has entered into a definitive agreement to acquire Cadence Bank, which has $53 billion in assets [5]