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Huntington Bancshares Incorporated (HBAN) is a regional bank holding company headquartered in Columbus, Ohio. Through its banking subsidiary, The Huntington National Bank, it provides a full suite of consumer and business banking, mortgage, treasury management, equipment leasing, wealth & investment management, and brokerage services primarily across the U.S. Midwest and adjoining states. The company’s market cap is around $22.4 billion.
Shares of the regional bank have been underperforming the broader market. Over the past 52 weeks, HBAN stock has declined 3.1%, while the broader S&P 500 Index ($SPX) has rallied 17.4%. Moreover, shares of Huntington Bancshares are down 6.3% on a year-to-date (YTD) basis, compared to SPX’s 16% returns.