What is Huntington Bancshares Incorporated (HBAN) DCF Fair Value and Intrinsic Value in 2026?

Huntington Bancshares Incorporated (HBAN) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is Huntington Bancshares Incorporated's historical Return on Invested Capital (ROIC) and Moat Rating?

Huntington Bancshares Incorporated operates in the Financials sector (Banks - Regional) with an economic moat rating of NONE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is Huntington Bancshares Incorporated's financial health rating and Piotroski F-Score?

Huntington Bancshares Incorporated's balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor Huntington Bancshares Incorporated (HBAN) for quarterly SEC filing thesis breaks?

LocalAlpha audits Huntington Bancshares Incorporated's 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksHBAN

HBAN

Huntington Bancshares IncorporaFinancial Services / Banks - RegionalINTACT

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services. It offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. The company also provides 24-Hour Grace, Asterisk-Free Checking, Money Scout, $50 Safety Zone, Standby Cash, Early Pay, Instant Access, Savings Goal Getter, And Huntington Heads Up; digitally powered consumer and business financial solutions to consumer finance, regional banking, branch banking, and wealth management customers; direct and indirect consumer loans; dealer finance loans and deposits; and private banking, wealth management and legacy planning through investment and portfolio management, fiduciary administration and trust, institutional custody, and full-service retail brokerage investment services. In addition, it offers equipment financing, asset-based lending, distribution finance, structured lending, municipal financing solutions, and Huntington ChoicePay. Additionally, the company provides lending, liquidity, treasury management and other payment services, and capital markets; government and non-profits, healthcare, technology and telecommunications, franchises, financial sponsors, fund finance, Native American financial, and global services; and corporate risk management, institutional sales and trading, debt and equity issuance, and additional advisory services. The company offers its products through a network of channels, including branches and ATMs, online and mobile banking, and through customer call centers to customers in middle market banking, corporate, specialty, and government banking, asset finance, commercial real estate banking, and capital markets. The company was founded in 1866 and is headquartered in Columbus, Ohio.

Share Price

$16.86

52W: $14.89 - $19.46

DCF Fair Value

$36.47

+53.8% MoS

Thesis Hub

P/E (TTM)

13x

ROIC

31.4%

Operating Margin

41.9%

FCF Yield

7.3%

Debt / Equity

0.65x

Piotroski Score

7/9

Altman Z-Score

2.99

Market Cap

$34.1B

Price vs. Intrinsic Value Corridor

Margin of Safety Buy Zone (<25% Discount)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$36.47

MOS Buy Target (-25%)

$27.35

Valuation Overlays: DCF Fair Value ($36.47) 25% MOS Buy Target ($27.35) Revised Graham ($45.88) Graham Number ($20.75)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$16.86

DCF Fair Value

$36.48

+53.8% MoS

Starting Free Cash Flow ($M)$2,495M

$100M$2,495M (Reported)$50,000M

Stage 1 Growth (Years 1-5)18.0%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$6,000M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$32.3B

PV of Terminal Value

$47.4B

Implied Enterprise Value

$79.7B

Implied Equity Value

$73.7B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$2,944	$3,474	$4,099	$4,837	$5,708	$5,965	$6,233	$6,514	$6,807	$7,113
Present Value (PV)	$2,701	$2,924	$3,165	$3,427	$3,710	$3,557	$3,410	$3,269	$3,134	$3,005

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number+18.7%

$20.75

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $1.30BVPS: $14.72

Revised Graham Formula+63.3% MoS

$45.88

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings6.9% Yield

$1.17 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $2.4BYield: 6.9%

Reverse DCF: Market Growth Expectation

EXTREMELY LOW BARRIER

0.5% CAGR (Next 10 Yrs)

At the current price of $16.86, the market is assuming the business will compound Free Cash Flow at 0.5% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

✓ Low market hurdle: Easy for a wide-moat compounder to beat.

Autonomous Thesis Underwriting

Surveil HBAN with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Huntington Bancshares Incorpora. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 41.9% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: Huntington Bancshares Incorpora (HBAN) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Huntington Bancshares Incorpora.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Huntington Bancshares Incorpora has an estimated DCF intrinsic fair value of $36.47 per share compared to its current market price of $16.86. This represents an estimated 53.8% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $20.75.