HBAN · NMS · Financial Services
Huntington Bancshares Incorporated
Also onShortfallConsensus DriftCrosscheck
Implied value per share
USD 20.60
Market price
USD 16.01
Implied upside
+28.7%
10-year forecast · Excess returns over book equity · Base case · Price 2026-11-02 · Accounts to 2025-12-31
NoteA financial, valued on excess returns over book equity.
Excess Returns
- Return on equity
- 11.7%
- Payout
- 57%
- Cost of equity
- 9.06%
| Line | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 | FY32 | FY33 | FY34 | FY35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening book equity | USD 21.6bn | USD 22.6bn | USD 23.7bn | USD 24.7bn | USD 25.7bn | USD 26.6bn | USD 27.6bn | USD 28.5bn | USD 29.3bn | USD 30.1bn |
| Return on equity | 11.7% | 11.7% | 11.7% | 11.7% | 11.7% | 11.7% | 11.7% | 11.7% | 11.7% | 11.7% |
| Excess return | USD 564.0m | USD 591.0m | USD 617.7m | USD 644.1m | USD 670.0m | USD 695.2m | USD 719.6m | USD 743.1m | USD 765.4m | USD 786.5m |
| Present value | USD 517.1m | USD 496.8m | USD 476.1m | USD 455.2m | USD 434.2m | USD 413.1m | USD 392.0m | USD 371.2m | USD 350.5m | USD 330.3m |
| Book equity | USD 21.6bn |
| Present value of excess returns | USD 4.2bn |
| Terminal, growing at 2.50% | USD 5.2bn |
| Equity value | USD 31.0bn |
| Per share | USD 20.60 |
Discount Rate
| Risk-free rate | 4.89% | US 10-year Treasury (^TNX), 2026-11-02 |
| Equity risk premium | 4.23% | Damodaran, January 2026 |
| Beta | 0.986 | Reported 0.979, pulled toward 1.0 (Blume) |
| Cost of equity | 9.06% | Risk-free + beta x equity risk premium |
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Yahoo Finance and RBA data. General information, not advice. Methodology.