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Huntington Bancshares Incorporated (HBAN) is an Ohio-based regional bank holding company that operates primarily through its principal subsidiary, The Huntington National Bank. It provides a wide range of financial services like consumer, commercial, and mortgage banking; deposits and loans; payments; wealth management; and insurance, to individuals, small businesses, and corporate clients across more than 1,000 branches in multiple states. The company’s market cap currently stands around $27.4 billion.
Shares of the regional bank have been underperforming the broader market. Over the past 52 weeks, HBAN stock has declined marginally, while the broader S&P 500 Index ($SPX) has rallied 15%. Moreover, shares of Huntington Bancshares are up 2.5% over the past six months, compared to SPX’s 9.2% returns.