Morningstar Rating

Stock Research and Analysis

by Stephen Ellis

Bulls Say

Huntington took massive loan losses in 2008, 2009, and 2010, and the bulk of its credit woes has passed. Provisions should now remain low, taking some pressure off the bottom line.
After the disastrous Sky Financial acquisition, Huntington's management seems to have learned its lesson. Future purchases should be done with considerably more due diligence and at more reasonable prices.
Capital shortfalls may be over after the bank raised $920 million in late 2010 and repaid the Treasury the $1.4 billion it held in TARP preferred stock. Read more 

Bears Say

Long-term growth prospects for Huntington are not stellar, reflecting the Midwestern economies' development.
Growth in the C&I market is reaching bubbly levels, and Huntington's history suggests that it might not be very disciplined. Read more 

Management

We have mixed feelings about Huntington's management and think it is a standard steward of shareowners' capital. Although the CEO who orchestrated the bank's disastrous acquisition in 2007 has left, his successor has his work cut out for him as he faces   Read more 

Profile

With roughly $56 billion in assets, Ohio-based Huntington Bancshares is one of the Midwest's largest banks. It conducts most of its operations through its 700-plus branches.  Read more 

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