Morningstar Rating

Stock Research and Analysis

by Timothy Puls

Bulls Say

The bank's worst credit losses are behind it. Provisions and charge-offs will remain low, easing profitability headwinds.
Huntington's recent acquisitions have been disciplined in both strategic fit and prices paid. There will be no repeats of the misguided Sky Financial acquisition.
Capital concerns are a thing of the past for Huntington. The bank's 8.3% tangible common equity and 11.6% Tier 1 ratio leave the bank well-capitalized. Read more 

Bears Say

Regulatory costs will prove onerous and could leave the bank's cost structure at unattractive levels.
Huntington's footprint is highly concentrated to Ohio and Michigan where recoveries could remain weak. A lack of loan demand could keep net interest margins at persistently compressed levels. Soft loan growth would additionally compound interest revenue headwinds. Read more 

Management

We think that the current management team at Huntington has proven to be a standard steward of shareholders’ capital. CEO Stephen Steinour has been at the helm since 2009, and had previously spent more than a decade with Citizens Financial Group. Under   Read more 

Profile

With $64 billion of assets, Ohio-based Huntington Bancshares is one of the biggest banks in the Midwest. Most of its over 700 locations are in Ohio and Michigan where the   Read more 

3 Banking Takeaways From the Quarter 
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