Huntington Bancshares Incorporated Depositary Shares Each Representing a 1/40th Interest in a Share of 6.875% Series J Non-Cumulative Perpetual Preferred Stock (HBANL)

FairStock Score: 65/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start by remembering that HBANL is not common stock; it is a depositary preferred claim on Huntington Bancshares, yielding 6.94% at the 2026-10-13 close of $24.82. The issuer is a $50.3B-market-cap regional bank, and its filed figures show that in fiscal year 2025, the year ended 2025-12-31, revenue was $1.6B, net income was $2.2B, and diluted EPS was $1.39, versus fiscal year 2023, the year ended 2023-12-31, when revenue was $1.4B, net income was $2.0B, and EPS was $1.24. That is decent but not spectacular growth, and in fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $472.0M, net income was $523.0M, and EPS was $0.25. FairStock's calculated ROE is 9.00%, P/B is 1.69, and Piotroski F-Score is 7/9, which suggests a bank that is profitable and reasonably sound but not a fortress at these numbers. The issuer earns money, but I do not have CET1, net interest margin, charge-offs, loan-loss reserves, or total preferred dividend burden, so I cannot fully judge credit or coverage risk. The 6.875% coupon is attractive, but it is non-cumulative and perpetual: if the board skips it, the dividend does not accrue, and there is no maturity to force repayment. At $24.82, near the lower half of the $24.31-$25.98 range, the price is fair. It needs a wider margin of safety to be called cheap, because the main return is the coupon, not growth.

In plain English: Huntington Bancshares is a large regional bank that takes deposits and makes loans to people and businesses. The bank looks reasonably profitable, and these preferred shares pay a high 6.94% dividend at the 2026-10-13 price of $24.82. The price is near the middle of its 52-week range, so it looks fair rather than cheap, and the dividend is not guaranteed and can be skipped.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer