Huntington Bancshares Incorporated (HBAN) is a diversified regional bank holding company headquartered in Columbus, Ohio. Established in 1866 and publicly traded as HBAN on the NASDAQ Stock Market, the company provides full-service commercial, small business, consumer, and mortgage banking services, as well as vehicle financing, investment management services, interest rate risk protection, foreign exchange and treasury management services, among others.
Throughout its extensive history, the company has grown both organically and through strategic acquisitions, reaching over 800 branches and nearly 1500 ATMs across eight Midwestern states. These operations further extend to digital platforms, offering comprehensive online and mobile services to meet the changing demands of its customers.
Huntington Bancshares Incorporated operates through four business segments: Commercial Banking, Auto Finance and Commercial Real Estate Banking, Regional Banking and The Huntington Private Client Group, and Home Lending. Each of these segments effectively addresses varying customer needs and provides a wide array of financial solutions.
The Commercial Banking segment provides lending, deposit, and treasury management services to corporate and commercial customers. Auto Finance and Commercial Real Estate Banking deal with auto finance services, recreational vehicle loans, retail auto dealers and commercial real estate loans. The Regional Banking and The Huntington Private Client Group segment cater to retail and small enterprise customers with deposit products, home equity loans, mortgages, insurance, and wealth management services. The Home Lending segment offers finance for buying or refinancing home properties.
Having an asset base of more than $120 billion as of 2019, HBAN continues its prominence as one of the largest banks in the United States. The company prides itself on fostering a culture of innovation and inclusivity, aiming to be a bank of choice for its communities. Its strategy is rooted not only in serving the financial needs of its customers but also in contributing to the community’s economic growth and stability through constants efforts in community development and engagement.
Huntington Bancshares's business strategy is focused on organic growth, disciplined capital allocation, and maintaining strong risk management. The company has shown resilience despite economic fluctuations, built on its strong customer relationships and diversified services.
Huntington Bancshares Incorporated is led by a team of experienced professionals, bestowing their expertise and vision to drive the company's growth and value. Their focus remains on creating a sustainable future for the company and delivering solid returns to its shareholders. As of today, HBAN continues to be a beacon of trust and excellence within the financial services sector.