JP Morgan Increases Target Price on Huntington Bancshares (HBAN) to $21

Huntington Bancshares Incorporated (NASDAQ:HBAN) is 1 of the 10 Best Bank Stocks to Buy successful 2026.

On February 9, JPMorgan expert Andrew Dietrich raised his people terms connected Huntington Bancshares by 5.0% to $21 (from $20) and kept his Overweight telephone connected the stock. This TP update comes arsenic JPMorgan updated its models for large-cap banks pursuing the merchandise of the 4th 4th results.

The steadfast thinks slope stocks could outperform the broader marketplace successful 2026, citing 5 reasons: (1) Good economical trends, (2) Steady fundamentals, (3) Sticky inflation, which would forestall the US Fed from cutting rates excessively overmuch successful the agelong word (although helium does deliberation the Fed volition chopped rates doubly successful 2026), (4) Favorable regulatory environment, and (5) An uptick successful slope consolidations, arsenic shown by the caller M&A enactment amongst banks.

As for Huntington, it released its Q4 2025 net connected January 22, which were headlined by 16.6% YoY maturation successful attributable nett income to $618 cardinal (from $530 million), aft adjusting for $118 cardinal successful one-time acquisition-related expenses. On a per stock basis, adjusted diluted net accrued 8.8% to $0.37 (from $0.34). This net maturation yielded a 6-basis-point YoY betterment successful adjusted instrumentality connected mean assets to 1.11% (from 1.05%), but a 40-basis-point YoY diminution successful adjusted instrumentality connected mean communal equity to 10.60%.

This adjusted net maturation was driven chiefly by a 14.1% YoY summation successful nett involvement income (NII), which successful crook was driven by maturation successful earning assets and, to a lesser extent, enlargement successful nett involvement margins (NIM). Earning assets grew 9.3% YoY to $202.5 cardinal (from $185.2 billion). Commercial indebtedness maturation accounted for 88% of this $17.3 cardinal increase, increasing 21.3% YoY to $87.1 cardinal (from $71.8 billion). This plus maturation was supported by a $13.8 cardinal summation successful deposits to $173.2 cardinal (from $159.4 billion) and a $0.9 cardinal summation successful nett indebtedness to $18.2 cardinal (from $17.3 billion).

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NIMs, meanwhile, expanded 12 ground points YoY to 3.15% (from 3.03%), arsenic the mean outgo of funds fell faster than the bank’s yields connected its earning assets. On the outgo side, the mean outgo of funds improved 36 ground points YoY (from 3.01% to 2.65%). On the yields side, mean yields connected loans fell 5 ground points YoY to 5.84% (from 5.89%), portion mean yields connected concern securities deteriorated 64 ground points YoY to 3.46% (from 4.10%). Combined, mean earning plus yields declined by 17% YoY to 5.25% (from 5.42%).

Huntington Bancshares Incorporated (NASDAQ:HBAN) is simply a holding institution that owns and operates Huntington Bank. The slope operates successful 2 segments: (1) Consumer and Regional Banking and (2) Commercial Banking. The institution is based successful Columbus, Ohio, and was founded successful 1866.