Huntington National Bank: a wider regional franchise after Veritex and Cadence

The legal bank behind the expanded franchise

The Huntington National Bank is the Columbus, Ohio-based banking subsidiary of Huntington Bancshares Incorporated. The parent’s annual report identifies it as the group’s only bank subsidiary; references to the bank in that report include its subsidiaries. A shared brand does not make the holding company, insured bank and nonbank businesses interchangeable reporting entities. [2]

The June 30, 2026 FDIC snapshot identifies Huntington by certificate 6560 and Federal Reserve identifier 12311. Its $283.074 billion of bank-level assets place it fifteenth in the domestic insured-bank and savings-institution ranking used for this series. The original asset observation is $283,073,605 thousand; the displayed figure is rounded. [1]

Two completed combinations, followed by two conversions

Veritex Holdings merged into Huntington Bancshares on October 20, 2025. Its subsidiary, Veritex Community Bank, then merged into Huntington National Bank, which survived. The legal bank combination was therefore completed, rather than merely announced or approved. Huntington’s subsequent annual shareholder report says the Veritex systems conversion finished on January 19, 2026. [3][5]

Cadence Bank merged directly into Huntington National Bank effective February 1, 2026, and Cadence’s separate legal existence ceased. Huntington reported completion of the Cadence systems conversion in mid-June. These dates distinguish legal consolidation from the later migration of customer accounts and technology. [4][6]

Analysis: acquisitions change both the scale and composition of a bank. A larger loan book may reflect purchased relationships rather than newly originated credit. Growth comparisons spanning these transactions therefore cannot be read as purely organic expansion, and a completed technical conversion does not establish that every customer transition or expected economic benefit is finished.

A regional deposit franchise with specialized lending reach

Huntington’s disclosures describe consumer and commercial deposits, lending, mortgage banking, payments, equipment and distribution finance, wealth services and capital-markets capabilities across the group. Its current company description reports more than 1,400 branches across 21 states, with some businesses operating nationally. The branch footprint describes distribution; it does not define the geographic limit of every borrower or service. [2][7]

Distribution finance is one distinguishing activity. Huntington’s product materials describe inventory, or floorplan, financing for manufacturers, distributors and dealers, including marine, recreational-vehicle, powersports and equipment markets. Separate disclosures identify the relevant inventory-finance companies as bank subsidiaries. [8][9]

Hypothetical illustration: a dealer finances equipment while it sits for sale, then repays the associated borrowing after selling it. This differs from a consumer loan financing the eventual buyer. Analysis: slower inventory turnover can lengthen borrowing needs while falling resale values weaken collateral. The lender’s exposure depends on the dealer’s finances and inventory controls as well as end-customer demand.

A financial snapshot with explicit reporting boundaries

The table separates the bank’s regulatory snapshot from consolidated parent results. Parent earnings describe the wider group and are not presented as Huntington National Bank’s standalone earnings. The bank capital ratio comes from a separately labeled bank column in the parent’s quarterly filing. [1][10]

Common equity tier 1 compares a defined form of regulatory capital with risk-weighted assets. It is not the percentage of deposits held as cash, nor an accounting equity-to-assets ratio.

Scroll horizontally to see all columns.

Earnings growth includes the acquired businesses

The July 23 results release reports $152 million of pretax acquisition-related expenses for the second quarter. Net income was higher than the year-earlier quarter, but the comparison includes the acquisitions. Reported diluted earnings per share were $0.33; the company’s adjusted $0.39 measure excludes identified items and is non-GAAP. [6]

Analysis: total profit can rise while profit per share follows a different path because an all-stock acquisition expands the share count. Adjusted results can help isolate selected costs, but those costs still affect reported earnings. Neither the largest growth percentage nor a single adjusted measure independently establishes the profitability of the acquired customer relationships.

Deposits, pricing and liquidity

The parent’s second-quarter filing identifies customer deposits as its largest funding source and estimates that 31% of consolidated deposits were uninsured at June 30, 2026. It separately reports an estimated $73.7 billion of uninsured deposits in the bank Call Report, including $4.6 billion of intercompany deposits eliminated in parent consolidation. These figures describe different reporting boundaries. [10]

Analysis: operating accounts can connect funding with recurring customer activity, yet commercial cash balances can move rapidly. Deposit insurance status alone does not determine withdrawal behavior; depositor concentration, payment needs and available alternatives also matter. Higher rates paid to retain balances can protect liquidity while narrowing the spread earned on loans and securities.

Treasury products connect the relationship to daily operations. Huntington offers liquidity arrangements, payables and receivables management, including tools for collecting funds and moving payments. [11] Analysis: a customer using these services may have reasons to maintain the relationship beyond the quoted deposit rate, although product use is not proof that balances will remain during stress.

Credit risk spans businesses, property and households

For second-quarter 2026, the parent reported average commercial real-estate loans of $23.9 billion and average automobile loans of $15.7 billion. Its annualized net charge-off ratio was 0.25% of average total loans and leases, while the quarter-end nonperforming-asset ratio was 0.85%. These are consolidated measures, not independently verified bank-only portfolio metrics. [6]

The nonperforming-asset ratio divides those assets by the combined balance of loans and leases, other real estate owned (such as repossessed property) and other nonperforming assets. [10]

Analysis: credit losses and nonperforming assets answer different questions. Charge-offs recognize amounts treated as uncollectible during a period; nonperforming balances indicate troubled exposures still recorded at a particular date. A low current loss rate does not eliminate deterioration that has yet to work through collateral realization and collection.

Commercial property depends on occupancy, rents, valuations and refinancing conditions. Equipment and vehicle finance also depend on used-asset prices and the ability to recover collateral. Geographic expansion can diversify local exposure while adding unfamiliar borrower relationships. Acquisition size makes comparable portfolio definitions especially important: a higher troubled-loan balance need not arise entirely from deterioration in legacy loans.

Integration is an operational and customer question

The current Cadence treasury transition page says the services have moved to Huntington and supplies guidance on payment systems, direct ACH files, administration and fraud-control tools. The Veritex treasury page likewise describes its transition as complete. These service-specific notices support the conversion status without establishing an independent assessment of service quality. [12][13]

Analysis: migrating a business customer involves more than changing a logo. User permissions, payment-file formats, reconciliation records and fraud filters must continue to work together. Errors can delay payroll or supplier payments even when account balances are accurate. Cybersecurity, vendor resilience and clear customer support remain relevant after conversion, because operational dependencies persist in the combined franchise.

What the available evidence establishes

Huntington is now a broader regional banking platform with specialized national activities and two recently absorbed bank franchises. The evidence establishes completed legal mergers and reported systems conversions. It does not establish that management’s expected benefits have all been realized.

This profile does not provide independently retrieved bank-only deposit, loan or earnings totals. Its bank asset observation and separately disclosed bank capital ratio remain distinct from the parent financial measures. Later comparable disclosures could clarify customer retention, acquisition-related costs and credit performance across the expanded business. Those are unresolved operating questions, rather than a recommendation about the bank or its shares.

Sources

1. FDIC June 30, 2026 institution-level asset ranking input; verified inventory observationOfficial sourceBack to text: ↑1↑2
2. Huntington Bancshares 2025 Form 10-K, filed February 13, 2026Filing / reportBack to text: ↑1↑2
3. Huntington Form 8-K: completed Veritex and bank mergers, October 20, 2025Filing / reportBack to text: ↑
4. Huntington Form 8-K: completed Cadence merger, February 2, 2026Filing / reportBack to text: ↑
5. Huntington 2025 annual shareholder report: Veritex conversion on January 19, 2026Filing / report · PDFBack to text: ↑
6. Huntington Bancshares second-quarter 2026 earnings release, July 23, 2026SourceBack to text: ↑1↑2↑3
7. Huntington company description and branch footprint, accessed October 4, 2026SourceBack to text: ↑
8. Huntington Distribution Finance: inventory-finance business descriptionSourceBack to text: ↑
9. Huntington inventory-finance companies: legal subsidiary disclosureSourceBack to text: ↑
10. Huntington Bancshares second-quarter 2026 Form 10-Q, filed July 28, 2026; deposit composition and separate bank capital informationFiling / reportBack to text: ↑1↑2↑3
11. Huntington commercial treasury-management servicesSourceBack to text: ↑
12. Huntington Cadence treasury-management transition page, accessed October 4, 2026SourceBack to text: ↑
13. Huntington Veritex treasury-management transition page, accessed October 4, 2026SourceBack to text: ↑