Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
  <li>Huntington is a super-regional bank solidifying its strong Midwest market position while pursuing an ambitious growth strategy through acquisitions in faster-growing Southern markets, notably Texas.</li>
  <li>The bank's performance is characterized by strong revenue growth and a customer-centric "Fair Play"philosophy, but faces headwinds from rising deposit costs, margin pressure, and increased non-interest expenses.</li>
  <li>Future success will depend on the effective integration of recent large-scale acquisitions, navigating a competitive interest rate environment, and translating its expanded footprint into sustainable, profitable growth.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Huntington is a super-regional bank solidifying its strong Midwest market position while pursuing an ambitious growth strategy through acquisitions in faster-growing Southern markets, notably Texas.
  The bank's performance is characterized by strong revenue growth and a customer-centric "Fair Play"philosophy, but faces headwinds from rising deposit costs, margin pressure, and increased non-interest expenses.
  Future success will depend on the effective integration of recent large-scale acquisitions, navigating a competitive interest rate environment, and translating its expanded footprint into sustainable, profitable growth.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Huntington Bancshares (HBAN US) - Aug 2026

US-EU Index & Corporate Actions Analyst, ORTEX

Harry Kalfas

US-EU Index & Corporate Actions Analyst

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/huntington-bancshares-inc" target="_blank" data-smartkarma-citation="entities:9166:1" rel="noopener">Huntington Bancshares (HBAN US)</a> is acquiring <a href="https://www.smartkarma.com/entities/cadence-bank" target="_blank" data-smartkarma-citation="entities:26353:1" rel="noopener">Cadence Bank (CADE US)</a> in an all-stock transaction valued at approx. $7.4B, with Cadence shareholders receiving 2.475 Huntington shares per Cadence share.</li>
<li>The transaction is expected to close on February 1, 2026 - effective prior to market open on February 2.</li>
<li>Upon completion, the deal will trigger significant passive flows, with an upweight of <a href="https://www.smartkarma.com/entities/huntington-bancshares-inc" target="_blank" data-smartkarma-citation="entities:9166:1" rel="noopener">Huntington Bancshares (HBAN US)</a> and the removal of <a href="https://www.smartkarma.com/entities/cadence-bank" target="_blank" data-smartkarma-citation="entities:26353:1" rel="noopener">Cadence Bank (CADE US)</a> from relevant indices.</li>
</ul>



Huntington Bancshares (HBAN US) is acquiring Cadence Bank (CADE US) in an all-stock transaction valued at approx. $7.4B, with Cadence shareholders receiving 2.475 Huntington shares per Cadence share.
The transaction is expected to close on February 1, 2026 - effective prior to market open on February 2.
Upon completion, the deal will trigger significant passive flows, with an upweight of Huntington Bancshares (HBAN US) and the removal of Cadence Bank (CADE US) from relevant indices.


Huntington Bancshares Acquiring Cadence Bank: Major US and Global Index Implications Ahead

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Thematic (Sector/Industry)

<ul>
<li>Enhanced financial data from the Fed shows off balance sheet loan commitments rising strongly now +3.7% YoY in 2Q25 (quarterly data only, just released)</li>
<li>Data suggests that loan growth we see for US banks (in weekly HFD) is not being driven by off B/S moving on B/S, rather it is true underlying demand</li>
<li>Newly release Probability of Default (PD) for credit card loans in the US is very positive, with thew worst bucket of &gt;20% PD falling to just 3.0% of loans</li>
</ul>


Enhanced financial data from the Fed shows off balance sheet loan commitments rising strongly now +3.7% YoY in 2Q25 (quarterly data only, just released)
Data suggests that loan growth we see for US banks (in weekly HFD) is not being driven by off B/S moving on B/S, rather it is true underlying demand
Newly release Probability of Default (PD) for credit card loans in the US is very positive, with thew worst bucket of &gt;20% PD falling to just 3.0% of loans


US Banks - Off B/S Growth +3.7% YoY in New 2Q25 Data, Credit Card PD Improve Dramatically

<ul>
<li>Weekly balance sheets at US banks show a strong economy, and likely far better 3Q25 results for banks</li>
<li>Credit growth continues to accelerate, now at 4.67% YoY, weekly CP data is very strong, at +26% YoY</li>
<li>Credit metrics appear very strong, with LLR growing at almost nothing, at 1.36% YoY and less than 2% YoY for all weeks so far in this quarter</li>
</ul>


Weekly balance sheets at US banks show a strong economy, and likely far better 3Q25 results for banks
Credit growth continues to accelerate, now at 4.67% YoY, weekly CP data is very strong, at +26% YoY
Credit metrics appear very strong, with LLR growing at almost nothing, at 1.36% YoY and less than 2% YoY for all weeks so far in this quarter


US Banks - Weekly Loans Accelerate to 4.67% YoY, LLR at Only +1.36% YoY, CP +26% YoY

<ul>
<li>There is a long period of flat lining loans for large US banks indicative of weak demand that is persistent and risk-aversion by banks. </li>
<li>Large time deposits have swelled and this should continue to 'roll through' banks' income statement with high funding cost growth.</li>
<li>We show about 30 of the largest banks in the US, their profile of high funding costs growth and weak interest income growth; flat loans will not help.</li>
</ul>


There is a long period of flat lining loans for large US banks indicative of weak demand that is persistent and risk-aversion by banks. 
Large time deposits have swelled and this should continue to 'roll through' banks' income statement with high funding cost growth.
We show about 30 of the largest banks in the US, their profile of high funding costs growth and weak interest income growth; flat loans will not help.


US Banks - Flat Loans ~USD6.7 Trillion for Almost Every Week for Nearly 2 Years

United States

Huntington Bancshares Incorporated is a multi-state bank holding company.  The Company's subsidiaries provide full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other financial products and services.

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Huntington Bancshares (HBAN US)

Primer: Huntington Bancshares (HBAN US) - Aug 2026

Huntington is a super-regional bank solidifying its strong Midwest market position while pursuing an ambitious growth strategy through...

αSK Primers

Huntington Bancshares Acquiring Cadence Bank: Major US and Global Index Implications Ahead

Huntington Bancshares’ $7.4B all-stock acquisition of Cadence Bank - closing Feb 1, 2026 - will drive passive flows, upweighting HBAN and removing...

Harry Kalfas

US Banks - Off B/S Growth +3.7% YoY in New 2Q25 Data, Credit Card PD Improve Dramatically

US bank's off balance sheet data is just out, showing good, improving growth in commitments, suggesting underlying loan growth is real demand, not...

Daniel Tabbush

US Banks - Weekly Loans Accelerate to 4.67% YoY, LLR at Only +1.36% YoY, CP +26% YoY

Weekly balance sheets for US banks show accelerating 4.67% loan growth, and weekly CP data is very strong at +26% YoY. Credit metrics appear...

Daniel Tabbush

US Banks - Flat Loans ~USD6.7 Trillion for Almost Every Week for Nearly 2 Years

US loans are flat for most all weeks for nearly two years, and funding costs have surged, putting net interest income under pressure, and this...

Daniel Tabbush

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