Huntington Bancshares (HBAN) Stock Forecast & Price Target

Huntington Bancshares is attractive because it combines a discounted valuation at about 9.0x to 9.1x 2027 EPS and 1.65x P/TBV with a credible path to stronger profitability, including a targeted 17% to 18% ROTCE in 2027 and more than 10% TBV growth. The franchise is also benefiting from expanding high-growth footprints in Texas and the Carolinas, completed Veritex and Cadence integrations, and a diversified fee engine that now represents about 28% of total revenue, supporting low double-digit growth in payments, wealth, and capital markets. Despite near-term NII and margin headwinds, disciplined credit quality, strong capital generation of roughly 35 to 40 bps per quarter, and meaningful buybacks help make the long-term setup compelling.

Huntington Bancshares is facing a weaker fundamental setup as management has cut net interest income guidance to about 35% for 2026 after repeated reductions, with NIM still pressured around 3.21%-3.24% by deposit pricing and asset yield compression. Loan growth is also slowing because competition is intensifying in CRE, indirect auto, and residential mortgage, forcing HBAN to accept lower volumes rather than loosen underwriting, which has already reduced 2027 EPS expectations to $1.75-$1.83 from $1.90-$1.93. Even with a durable deposit base and manageable credit metrics, a softer operating environment, integration burden from back-to-back acquisitions, and the risk of higher credit costs undermine earnings visibility and valuation support.