Huntington Bancshares HBAN
Nasdaq · National Commercial Banks · $32.4B$15.61−2.80%Nov 5 close · Databento
HBAN Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $15.611D −2.80%3M −11.31%SMA20 $15.60SMA50 $15.87RSI(14) 47.2
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 47.2
Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.
1 story has a settled next close so far (1 on the Wire). The record starts speaking at three.
The numbers
fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via DatabentoMarket cap$32.4B
EV / True FCF17.2x
Revenue$10.3B +3.9%
True FCF (ex-SBC)$2.1B +30.8%
Rule of 4025.4%
True FCF Yield6.5%
EPS, diluted$1.39 +13.9%
Modern Valuation (EOD)
Market Cap$32.4B
Enterprise Value$36.2B
EV / True FCF17.21
EV / FCF16.33
EV / Gross Profit—
EV / EBIT—
EV / Sales3.51
P / E (GAAP)14.68
P / FCF14.65
P / Oper. CF13.07
P / Book1.33
Owner & Cash Yields
True FCF Yield6.5%
FCF Yield6.8%
Owner Earn. Yield7.6%
Earnings Yield6.8%
Shareholder Yield+2.5%
Buyback Yield0.0%
Dividend Yield3.97%
Dividend / sh$0.62
Payout Ratio41%
FCF / sh$1.10
EPS (diluted)$1.39
Compounder & Returns
Rule of 4025.4%
ROIC—
Cash ROIC (CROIC)7.9%
GP / Assets—
ROE9.1%
ROA1.0%
Gross Margin—
Oper. Margin—
Net Margin21.4%
FCF Margin21.5%
True FCF Margin20.4%
Quality & Dilution
Cash Conversion100%
Accrual Ratio−0.1%
SBC % of FCF5.1%
SBC % of Rev1.1%
Reinvest. Rate11%
Sales Growth Y/Y+3.9%
Sales 3Y CAGR+20.0%
EPS Growth Y/Y+13.9%
FCF Growth Y/Y+30.8%
FCF 3Y CAGR−16.6%
Share Change Y/Y+1.9%
Balance Sheet & Scale
Revenue (FY)$10.3B
Gross Profit (FY)—
Oper. Income (FY)—
GAAP Net Income$2.2B
True FCF (ex-SBC)$2.1B
Cash & Equiv$13.5B
Total Debt$17.2B
Net Cash (Debt)$-3.7B
Net Cash % MCap−11.5%
Debt / FCF (yrs)7.8y
Current Ratio—2.02B sh
Price & Technicals (EOD)
Perf Week−2.25%
Perf Month+2.90%
Perf Quarter−11.05%
Perf Half Y−3.58%
Perf YTD−8.50%
SMA 20 Dist+0.07%$15.60
SMA 50 Dist−1.64%$15.87
SMA 100 Dist−6.66%$16.72
Window High−15.89%$18.56
Window Low+3.38%$15.10
RSI (14) · Vol47.219%v
Income Distribution & Cash Flow ConversionHow every dollar of HBAN revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
Where Every $100 of Revenue Goes (FY2025)
Cost of Revenue (COGS)$0 ($0.0 / $100)
Operating Expenses$0 ($0.0 / $100)
Tax & Non-Operating$8.1B ($78.6 / $100)
Net Profit Kept$2.2B ($21.4 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2025)
GAAP Net Income$2.2B (21.4% margin)
Operating Cash Flow (OCF)$2.5B(24.1% of rev)
Less: Capital Expenditures−$267.0M(2.6% of rev)
Standard Free Cash Flow (FCF)$2.2B(21.5% margin)
Less: Stock-Based Comp (SBC)−$113.0M(5.1% of FCF)
True FCF (Owner Cash ex-SBC)$2.1B(20.4% of rev)
Revenue by fiscal year
Operating leverage — margins
GrossOperatingNet
| Line Item (USD) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY Δ | 4Y CAGR | Trend |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | $4.2B | $6.0B | $8.9B | $9.9B | $10.3B | +3.9% | +25.2% | |
| Interest Expense | $89.0M | $696.0M | $3.5B | — | $3.5B | — | +150.0% | |
| Income Tax Expense | $294.0M | $515.0M | $413.0M | $443.0M | $459.0M | +3.6% | +11.8% | |
| GAAP Net Income | $1.3B | $2.2B | $2.0B | $1.9B | $2.2B | +14.0% | +14.3% | |
| Diluted EPS | $0.90 | $1.45 | $1.24 | $1.22 | $1.39 | +13.9% | +11.5% | |
| Diluted Shares | 1.29B | 1.47B | 1.47B | 1.48B | 1.50B | +1.9% | +4.0% | |
| Balance Sheet | ||||||||
| Cash & Equivalents | $5.5B | $6.7B | $10.1B | $12.8B | $13.5B | +5.0% | +25.0% | |
| Total Assets | $174.1B | $182.9B | $189.4B | $204.2B | $225.1B | +10.2% | +6.6% | |
| Total Debt (Short + Long Term) | $7.1B | $9.7B | $12.4B | $16.4B | $17.2B | +5.2% | +24.8% | |
| Total Liabilities | $154.7B | $165.1B | $170.0B | $184.4B | $200.7B | +8.8% | +6.7% | |
| Stockholders' Equity | $19.3B | $17.8B | $19.4B | $19.8B | $24.4B | +23.2% | +6.0% | |
| Net Cash / (Net Debt) | $-1.6B | $-3.0B | $-2.3B | $-3.5B | $-3.7B | −5.6% | — | |
| Invested Capital | $20.9B | $20.8B | $21.7B | $23.3B | $28.1B | +20.6% | +7.7% | |
| Cash Flow & Capital Allocation | ||||||||
| Operating Cash Flow (OCF) | $2.1B | $4.0B | $2.7B | $1.8B | $2.5B | +35.2% | +4.7% | |
| Depreciation & Amortization (D&A) | $391.0M | $484.0M | $798.0M | $622.0M | $622.0M | +0.0% | +12.3% | |
| Stock-Based Compensation (SBC) | $129.0M | $105.0M | $97.0M | $106.0M | $113.0M | +6.6% | −3.3% | |
| Capital Expenditures (CapEx) | $247.0M | $214.0M | $140.0M | $143.0M | $267.0M | +86.7% | +2.0% | |
| Free Cash Flow (FCF) | $1.8B | $3.8B | $2.5B | $1.7B | $2.2B | +30.8% | +5.1% | |
| True FCF (ex-SBC Owner Cash) | $1.7B | $3.7B | $2.4B | $1.6B | $2.1B | +32.5% | +5.7% | |
| Share Repurchases (Buybacks) | $650.0M | $0 | $0 | — | $0 | — | — | |
| Dividends Paid | $750.0M | $897.0M | $900.0M | $903.0M | $908.0M | +0.6% | +4.9% | |
Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.
On the Wire
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