Is Huntington Bancshares Stock Underperforming the Nasdaq?

Company Overview - Huntington Bancshares Incorporated (HBAN) has a market cap of $25.6 billion and is a leading regional bank holding company for The Huntington National Bank, offering a wide range of financial services including banking, lending, mortgage, investment, insurance, and wealth management solutions [1][2] Stock Performance - HBAN shares have declined 3.9% from their 52-week high of $18.44, while the stock has increased 12.8% over the past three months, underperforming the Nasdaq Composite's 15.1% return during the same period [3] - Year-to-date (YTD), HBAN stock is up 9%, lagging behind the Nasdaq's 16.5% gain, and has soared 21.8% over the past 52 weeks, compared to the Nasdaq's over 28% surge [4] Financial Results - In Q2 2025, HBAN reported adjusted EPS of $0.38, matching consensus estimates, and revenue exceeding $2 billion. However, shares fell 1.6% due to a 7% year-over-year increase in non-interest expenses, a 4% decline in non-interest income, and mixed credit quality results, including a 3% rise in credit loss provisions and a 9.2% increase in non-performing assets [5] - A $58 million hit from securities repositioning reduced pre-tax earnings and impacted EPS, raising investor concerns [5] Competitive Landscape - Rival Regions Financial Corporation (RF) has outperformed HBAN on a YTD basis with a 15.8% increase, but over the past 52 weeks, RF has returned 19.9%, trailing HBAN's performance [6] - Despite the stock's underperformance, analysts maintain a moderately optimistic outlook on HBAN, with a consensus rating of "Moderate Buy" from 22 analysts and a mean price target of $19.38, representing an 8.9% premium to current levels [6]