Huntington Bancshares Incorporated Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock (HBANP)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

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

I look at a bank preferred first as a creditor, not an owner. HBANP is a 4.500% non-cumulative perpetual preferred from Huntington Bancshares. At the 2026-10-13 close of $15.16, it yields 7.42% and trades near the bottom of its 52-week range of $14.92-$18.53. That yield is attractive only if the issuer's credit remains sound. The common equity data show a price-to-book of 1.03 and a P/E of 19.44, both FairStock calculations from the supplied figures. ROE of 9.00% is unexceptional for a regional bank; I want banks earning closer to 12-15% on equity through a cycle. Still, the filed annual figures show FY2025 net income of $2.2B on revenue of $1.6B, up from FY2024 net income of $1.9B on revenue of $1.5B, and FY2023 net income of $2.0B on revenue of $1.4B. FY2025 diluted EPS was $1.39 versus $1.22 in FY2024 and $1.24 in FY2023. A Piotroski F-score of 7/9 suggests reasonable accounting momentum, and FairStock's Lynch category is FAST GROWER, citing 22.0% five-year profit growth and 12.1% revenue growth. But the FairStock Score is only 39/100, and the preferred is non-cumulative: missed dividends do not accrue. I cannot see CET1, net interest margin, credit costs, loan-loss reserves, or combined ratio in this data. Without those bank-specific measures, I treat the 7.42% yield as compensation for uncertainty, not a margin of safety. The price may be fair-to-cheap versus book, but the quality of the bank's balance sheet, not the coupon, will determine whether this preferred is safe.

In plain English: Huntington Bancshares is a regional bank that takes deposits and makes loans to consumers and businesses. Its preferred stock pays a 4.5% dividend on its original value, and at the recent price the yield is about 7.4%. The bank has been profitable, but its profitability is only moderate, the price is near the low end of its yearly range, and the dividend can be skipped without the company owing back payments.

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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