Huntington Bancorp: An Analysis Of Long-Term Growth Potential

| About: Huntington Bancshares (HBAN)
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Increased brand recognition and customer satisfaction will aid Huntington Moving Forward.

Huntington's management team is well positioned to execute on strategic growth.

The continued investment in new branches will help to foster Huntington's overall expansion.

Executive Summary


Huntington Bancshares (NASDAQ:HBAN) is one of the largest banks in the Midwest, and as it embarks upon its journey to become even larger, the company is going to have to continue to find ways to increase its market share while still providing a solid value for consumers. Huntington's rise to one of the top Midwestern banks has not been easy, indeed the company barely avoided bankruptcy during the recession, but has since come back to be able to thrive and flourish. After the recession, Huntington decided to change its focus to SBA loans, and is now the largest SBA lender in the United States. In addition, Huntington's growth strategy should set it up well for long-term gains for long-term oriented shareholders. This paper will evaluate Huntington based on quantitative and qualitative aspects of the company in order to determine whether or not it represents a compelling investment opportunity for the long-term oriented investors. This paper will focus on the management and strategy behind Huntington's growth, and then pivot to the quantitative factors of earnings per share and profit margins.

Qualitative Analysis

The qualitative components of investment help to make Huntington a prime candidate for long-oriented investment consideration. The company should be able to provide a large amount of return for shareholders based on its current corporate growth strategy, combined with its ability to attract and retain top management. The company has been able to adapt its growth strategy to generate a high amount of brand recognition for consumers and to acquire competition in its core markets before the competition becomes a threat. Huntington has also shown remarkable adaptability in terms of being able to change from a consumer loans oriented company to a company now more focused on the needs of small businesses. However, the key to Huntington's success will be their management team. With a CEO who has been in the industry and understands what it takes to succeed, Huntington is well positioned to benefit as the demands for loans continues to increase. Combined with the surprise CFO addition to the C-suite in a person who is able to think outside of the box, and the executive team appears ready to help Huntington innovate in order to stay ahead of its competitors. Through viewing the aspects related to qualitative analysis, it appears as though Huntington is worthy of long-term investment.

Quantitative Analysis

The Quantitative components of Huntington help to make the company a compelling investment. It should be pointed out however, that without the Qualitative factors being in place it is likely that Huntington would not be able to have the quantitative elements in place to be successful. The quantitative factors that depict Huntington as a good candidate for investment are: Earnings per Share, Profit Margin and Cash Balance. The company's performance will also be matched with those of its leading competitors in order to demonstrate that Huntington provides a compelling investment opportunity.


After looking at the quantitative and qualitative factors associated with Huntington, we are able to arrive at a conclusion as to whether Huntington would be well suited for the long-term oriented shareholder. Huntington has a history of generating substantial long-term return for investors, and given all of the factors, it appears as though these gains are likely to continue. Huntington is a company that all long-term oriented investors should pursue.


P.W. Huntington founded Huntington National Bank in 1866. In its rich over 150-year history, Huntington has undergone many transformations, but has had a few things remain constant: its commitment to excellence, and its commitment to its customers. Huntington Bancshares is headquartered in Columbus, Ohio. The company has over time been able to develop a strong presence in the Ohio market, and has been able to expand to including Ohio, a total of 6 different states. The future was not, however, always rosy for Huntington. In the depths of the recession, Huntington found itself struggling with massive defaults and very little capital. After receiving bailout funds, Huntington was able to hang on and has since transformed itself into a community fixture and into a bank where customers feel safe depositing their money.

When looking at various investment opportunities, there are many different relevant criteria to which investors should pay close attention. The metrics that are most relevant to investors vary slightly based upon the needs and risk tolerance of each individual investor. However, when looking at the market the best way to view an investment opportunity is with the expectation that the investor in question will be holding the stock for a long time. Therefore, it becomes necessary that this paper focus upon the long-term prospects for Huntington. For long-term oriented investors, there are many things to like. A strong community presence helps to ensure that customers identify with the bank and have strong brand loyalty. Combined with growing margins and growing revenue, the outlook for Huntington is bullish.

When attempting to look at the long-term investment scenario for companies, by far the best metric is future earnings growth ratio. In order to do this analysis effectively, this paper will attempt to look at the Earnings per Share for Huntington, and compare it to other companies in the industry. The purpose of this metric is to help investors get a sense of how the investment community is valuing the long-term growth prospects of Huntington relative to its peers in the Midwest regional banking industry. This metric will not only help to get a sense of whether or not the market is valuing future earnings correctly, but it will also help investors to get a sense as to the long-term growth prospects of Huntington. Investors do not want to invest their money in a company where the revenue is going to decline long term, as that would be an indicator that the company is not going to be doing well relative to the market over the long term. Fortunately, in the case of Huntington the future looks bright, and the company's ability to continue executing in strategic transactions to help grow its market share in key markets.

Another metric that investors should pay close attention to is the net profit margin at Huntington. This metric helps to move one step beyond just whether or not the company is profitable (which is a more short-term oriented assessment) and look at whether or not the profits are growing at a consistent rate. The long-term oriented investor wants to see profit margins growing, and wants to see them grow at a rate that is better than industry peers. In the case of Huntington, once again the company is able to beat its peers in terms of growing profit margins. However, in order to get a true analysis of the profit margins this paper is going to look at the net profit margins over the last three years in order to analyze general trends that could affect the company moving forward, and to see whether or not the company has been successful in continuing to create large amounts of value for shareholders.

When taking a look at the long-term abilities of the company, an investor should also look at the more qualitative side of the company. A company could have the right product in the right market at the right time, however, if the company lacks effective management it might not generate sufficient profits for shareholders. Therefore, this paper will examine the management in place at Huntington in order to see whether or not Huntington's management is well positioned to execute on its long-term plans. Management, especially in the banking industry, can serve as a competitive edge for a company and the management at Huntington should leave investors re-assured that the company will be able to execute on its strategic goals. Huntington's management has many years of experience in the industry, and seemingly has the knowledge and skills necessary in order to execute on the company's strategic positioning in the market.

Finally, this article will examine the amount of cash that Huntington is able to retain. While this may seem to be a rather short-term metric, it is also very important for long-term oriented investors. By examining the cash balance at Huntington, long-term oriented investors are able to see Huntington's plans for the future. In fact, Huntington has a reputation for being rather aggressive on the acquisitions front, having made multiple acquisitions since its inception. Having a large pile of cash will allow Huntington to be able to continue expanding through strategic acquisitions, and should help to give shareholders confidence that Huntington's dividend is safe. As Huntington continues to try to expand outside of its core markets, it is going to require large amounts of cash in order to be able to open new branches and to be able to deter large competitors from buying the company out. The biggest threat to long-term shareholder value would be a buyout, as even though it would potentially provide value to shareholders in the short term, it is likely that the shareholders would be losing out on some of the potential upside in the shares. Therefore, it is necessary for Huntington to be able to generate large amounts of cash in order to be able to finance its long-term plans and deter larger competitors.

When looking at whether or not to invest in a company, investors should not focus on just the quantitative or the qualitative characteristics. It will take a blend of positive quantitative and qualitative characteristics in order to make a long-term investor satisfied that Huntington is able to present a compelling investment opportunity. Through looking at a combination of these investment criteria, investors should be confident in being able to invest in Huntington. Huntington performs very well in all of the criteria laid out above: future earnings growth, net profit margin, the state of management, and the ability of the firm to generate cash for shareholders. Given the favorable characteristics of the company, Huntington presents a compelling investment opportunity for long-term oriented investors.

Qualitative Analysis

Company Strategy

Huntington Bancorp has been able to stay ahead of the market through a strategy of strategic acquisitions, combined with the ability to make sure that customers do not switch to other banks, through helping to foster a high sense of consumer value and helping to make sure that customers have a high amount of loyalty. Huntington has been able to re-position itself over the years from being a company focused primarily on consumer loans towards being a company focused on small businesses. Huntington has been able to execute on this strategy through a marketing campaign focused upon small business consumers, and through helping to form a close relationship with the Small Business Association. In fact, Huntington while being considered the thirty-sixth largest bank chain in America, is the largest Small Business Association lender. This helps to demonstrate Huntington's commitment to SBA loans and illustrates how close Huntington is with the SBA. This strategy is important, as by focusing on small businesses, Huntington is able to grow loyalty with small business owners and is able to help provide more capital as the various companies' capital needs become larger.

Huntington has been focused on consolidating its reach within the Midwest market, primarily through organic growth and through helping to make sure that competition is not able to grab a firm market share in Huntington's territory. Part of the way in which Huntington is able to do this is through purchasing competing banks. An example of the type of acquisitions in which Huntington is able to execute is the recent acquisition of Camco Financial (which owns Advantage Bank). This acquisition allowed for Huntington to acquire over 55,000 customers and helped to increase the number of banking locations that Huntington owns to well over 700. These acquisitions help to make sure that Huntington is acquiring profitable locations and is allowing for Huntington to stifle any competition before it becomes too serious. This strategy is, however, unsustainable over the long term.

If the only strategy at Huntington were to acquire the competition, eventually it would run out of cash with which to finance acquisitions, so it is important for long-term oriented investors to know that Huntington is able to grow through building its own branches, which is much cheaper on a customer acquisition basis compared to buying out the competitors. Although the opening of new branches may hurt Huntington's earnings in the short term, as it may take a while for the branches to turn profitable, it will be much cheaper in the long run for shareholders as the company is able to grow organically. Over the long term for shareholders, through being able to grow organically, Huntington will be able to conserve its cash and will be able to finance more organic growth using the cash flows from the new banks that are being created. While this may increase costs over the short term, over the long term it will create higher growth for shareholders. Huntington has been successful in creating organic growth in its chosen marketplaces. Huntington has been able to successfully spread from its base in Columbus, Ohio to the following states: Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The next step for Huntington would be to continue its geographic expansion and would probably continue to grow in a state that is touching one of the states in which it has already expanded. However, Huntington has recently been focused on consolidating its Ohio operations, and has been focused on helping to make sure that it is the dominant bank in Cincinnati. Huntington is going to continue to look at expansion in Kentucky to better compete with BB&T bank (NYSE:BBT), and continue its expansion in Michigan before expanding outwards to another state.

In order to maintain its brand identity, Huntington will acquire banks and then turn them into branches of Huntington. Part of this process involves removing the old names of the bank from the branches and replacing and updating the banks to look like they were Huntington branches all along. While this may seem like a minor part of the strategy, it helps to create a large amount of brand identification and recognition among the consumer. This is a strategy that runs contrary to some of Huntington's competitors. An example of a competitor strategy is that of Park National Bancorp (NYSEMKT:PRK), which whenever it acquires a bank, allows for that bank to keep its previous name. Through doing this Park National believes that it is able to keep the allusion of customers identifying strongly with their banks and helping to prevent customers from switching banks in the future. However, Park National's strategy creates a lack of a cohesive brand identity as some consumers presumably do not realize that Park National is the holding company behind a lot of their daily banking operations, resulting in some customers feeling essentially duped by continuing to bank with what they believed was a stand-alone bank. This strategy goes as far as on occasion releasing advertisements for the bank as if it were still a standalone bank and not mentioning that the bank is a subsidiary of Park National Bancorp. By having separate marketing for each bank chain, Park is essentially trying to build up multiple brands at once and could be spending money poaching customers from one of its bank chains to another, without the customer even knowing. Huntington's model eliminates these problems and helps to make sure that the customer is well aware of whom they are banking with, and more importantly creates a sense of brand identity. Brand identity is very important in terms of helping to retain customers once they are already in the bank and is important in terms of the ability to attract new consumers. Maintaining consistency is important for Huntington, as the bank is ranked one of the highest in customer satisfaction by JD Power and Associates.

Executing on its strategy of increasing customers through strategic acquisitions and long-term growth is going to be very important to Huntington's value proposition for investors. Through helping to facilitate a climate of growth and with the possibility of opening up into previously untapped markets, Huntington is helping to create a compelling opportunity for earnings growth. The one thing that investors will need to watch as time continues would be to make sure that Huntington does not experience large amounts of erosion in market share in areas where it is already operating, as this would be indicative of Huntington being unable to retain its customers, and thus would be a weakening in the earnings base of the stock. Huntington should be able to continue to grow through launching new branches and through its continued focus on acquiring small chains of banks in order to grow earnings, and before they are able to become serious competitors to Huntington. This strategy should help Huntington to not only create a large amount of brand identification (as it switches all of the brands over to the Huntington brand), but should also help to retain loyalty for its customers.


A key part of Huntington being able to execute on its long-term strategy is its management. When looking at the C-suite level executives, Huntington appears to have the management in place that has the experience in the industry needed to be able to grow the company long term. Huntington's CEO is Stephen D. Steinour. Mr. Steinour has been with Huntington for the last three years, and prior to that had experience growing a small bank called Citizen's Financial Group into a multi-billion dollar Bancorp. Mr. Steinour has the knowledge needed to continue Huntington's growth in its strategic markets, and furthermore has been responsible for Huntington's reinvention as a company focused on business loans, instead of being focused solely on consumer lending. Under Mr. Steinour's leadership, Huntington has averaged 9% growth per year, which is large for a bank that already had several hundred locations prior to his choice to accept the role as chief executive.

Other key executives, which should help to advance the company moving forward include the Chief Financial Officer. The recently acquired Chief Financial Officer, Howell McCullough, should help to lead the company to new heights. He is very well qualified for his position, having over thirty years in the industry; most recently with Huntington's competitor US Bank. The ability of Huntington to obtain an employee from a competing bank helps to show the strength that Huntington is able to exhibit in the race to get talent. Indeed, Mr. McCullough left a rather successful career at US Bank (where he was chief strategy officer) for the job at Huntington, speaking to the ability of Huntington to attract professionals in the field who believe in the firm. Furthermore, through having a rather new person in an executive position could be a positive for the company. Mr. McCullough should help to present new ideas in the C-Suite, and should be able to continue to grow the brand. Furthermore, his background as Chief Strategy Officer should give him an advantage when analyzing internal operations, in order to determine inefficiencies. Most CFOs are perceived as not knowing what the numbers ultimately mean, however, with his career as Chief Strategy Officer that does not apply to Mr. McCullough. Mr. McCullough should be very influential in executing the long-term vision of Huntington and helping to make sure that the company is able to keep up with its competitors.

The executives in place at Huntington will be crucial for the company to be able to sustain a marketing advantage. Through helping to facilitate organic growth in the customer base, combined with an executive team that has much experience in the industry, investors should rest assured that Huntington will be able to execute on its long-term strategy. Furthermore, the ability of Huntington to poach executives from other firms helps to remind investors of the clout that Huntington is able to bring to the table in terms of recruiting. Huntington is able to get whomever it wants from competing banks because of their clout and reputation in the areas in which they operate. This will serve as a huge advantage going forward, as Huntington will be able to obtain whomever they see as some of the best candidates to fill their needs going forward and the best candidates for helping to facilitate the long-term strategy of the company.

Quantitative Analysis

Earnings per Share

Huntington Bancshares has been able to continue growing its Earnings per Share over the last few years. As the Earnings per Share has been able to grow, the share-price has been able to grow for investors. For Huntington, the continued increase in net income will allow for the continued sustainability of Huntington, and will allow for the company to execute on its long-term growth strategy. Over the last three years, Earnings per Share has been growing. As the table below helps to illustrate, Huntington's EPS has been growing over the last three years. The Earnings Per Share data has been compiled using the Mergent Online Database's Historical Financial Data.


Earnings Per Share (US Dollars)







As the table above shows, Huntington has been able to grow its Earnings per Share over the last three years. However, the one thing that should be a concern for long-term oriented investors is the seeming slowdown in Earnings per Share growth between 2012 and 2013. However, it is important for investors to note that this was caused by an increase in costs associated with Huntington increasing its amount of branches. Historically, Huntington has noticed that its new branches take a while to be able to be profitable (and in the meantime cause a hit to the Earnings per Share over the short term). While over the long term, it will be important for Huntington to be opening new branches, as they will help to increase Earnings per Share over the long term (American Banker). As long as investors are willing to weather this short-term downtrend, then it would appear as though investors are positioned to be well rewarded.

When taking a look at Earnings per Share, it is important to note how the Price/Earnings compare to those of other competitors. Essentially, what this measure is attempting to do is realize the premium that investors are placing on company's earnings. If Huntington's Price/Earnings is lower than those of other competitors, it would suggest that Huntington is undervalued relative to its competitors and would thus be a good buy for investors. For the purposes of this paper, the competitors that Huntington will be compared to are: Park National Corporation, BBT Bancorp and Key Corporation (NYSE:KEY). Park National is an up and coming competitor to Huntington, and has been attempting to grow its market share in Ohio and Kentucky. BBT is largely concentrated in Kentucky and the Midwest, and has been able to continue expanding in the same areas as BBT. Finally, Key Corporation is slightly larger than Huntington, and has about 300 branches more than Huntington. All of these competitors are considered to be comparable banks, and therefore should have the same P/E ratio as Huntington. The chart below is courtesy of YCharts, which helps to compare the Trailing Twelve-Month Price to Earnings Ratio for Huntington Bancshares and its competitors.

HBAN PE Ratio (<a href=

HBAN PE Ratio ((NYSE:TTM)) data by YCharts

As you can see from the chart above, Huntington has the lowest P/E Ratio of any of its competitors. While Huntington is not necessarily the lowest by much, Huntington is still the lowest on a trailing twelve-month basis. The fact that Huntington is the lowest of any of its competitors suggests that Huntington would be the best value on a pure earnings valuation basis of any of its competitors.

Profit Margin

Another key area of analysis for investors would be whether or not the net margin at Huntington is growing. If the Profit Margin is growing, this would suggest that Huntington is able to turn more of each dollar into profits for its shareholders. The importance of growing this number would be that it would suggest that Huntington is able to not only grow but is also being efficient about its growth and that Huntington is able to continue its attempts to be more efficient. As Huntington's profit margin will directly impact the amount of cash that the company has in order to be able to continue financing its growth. Importantly, there are a few things for investors to keep in mind, when Huntington acquires a company the profit margin typically drops until Huntington is able to get rid of a lot of the inefficiencies due to the acquisition. Another thing for investors to keep in mind is that there are a lot of metrics that could impact Profit Margin, and that it is important to analyze what is affecting the profit margin, for example increasing the amount of branches should temporarily lower profit margins, but is bullish for long-term growth.

When comparing Huntington to its competitors in terms of profit margin, it is important to make sure that the competitors operate in essentially the same business environment. All of the competitors mentioned above operate in similar geographic areas, and operate similar amounts of banks, therefore through measuring profit margin we should be able to get a sense as to which companies are able to do the most to squeeze the most money out of every dollar of revenue that they can. A company with a higher profit margin than its competitors would suggest that the company is able to operate more efficiently and should also help to validate the fact that management is able to help keep Huntington operating at peek profitability compared to its competitors. All of the following Profit Margin ratios are courtesy of Mergent (linked above)


Profit Margin (%)



BB&T Bank


Park National Bancorp




There appears to be a few interesting observations that we can draw from the following table. Huntington is closest in size to Key Bank, and therefore is performing better than its closest competitor. However, BB&T and Park National may be able to present a credible threat to Huntington in the future. BB&T is benefiting from a slightly higher profit margin, and has been rapidly expanding into an area that is currently controlled by Huntington. Part of Huntington's problem could be the erosion of some earnings power attributed to increased competition between BB&T and Park National in areas where Huntington and Key Bank are already entrenched. Furthermore, it appears as though Park National is interestingly operating at a higher profit margin than all of its peers. If you recall from the previous page, Park National appears to be doing more with less, and appears to be benefiting from investors willing to pay a premium for Park National's earnings, which are significantly higher than that of any of the peers, including Huntington. This would suggest that Park, if capitalized properly could present a threat to Huntington's market dominance in the future, and should be watched out for by investors. Similarly, any bad news with Park National could be positive news for Huntington.

Cash Balance

Finally, the last important metric that we have to look at for investment opportunities is the company's cash balance. With the way accounting laws are set up, it is possible for companies to generate a profit on paper without actually generating a positive cash flow. This would be quite concerning to investors as cash flow is one of the most important metrics for investors to pay attention towards. Cash balance determines if Huntington is able to continue on its plans for expansion, and a growing cash flow would help to suggest that Huntington's projects are coming to fruition. It should also be noted that since Huntington pays a dividend to shareholders, shareholders should be extremely keen of cash flow growth, as any downturn in terms of cash flow could lead to Huntington scaling back its dividend.

When analyzing Huntington's cash balance, it is important to pay attention to the dips and peaks in Huntington's cash. A dip might not necessarily be a bad thing, providing that Huntington is using the money in order to help finance growth initiatives. According to Huntington's most recent SEC filing, the company is holding $700 million in cash. While this may not seem like a large amount, it should be sufficient for Huntington to be able to complete a relatively small acquisition, and for Huntington to be able to continue its ambitious plan of continuing to open branches. Furthermore, Huntington's commitment to shareholders through helping to pay out a dividend is enhanced by the fact that the company is still holding a rather large cash pile. Even more importantly, however, for management is the fact that Huntington will likely be able to ward off any sort of hostile takeover through having such a large cash pile. This means that shareholders who want to invest in Huntington looking for long-term gains should be able to invest in the company without the fear of it getting bought out somewhere along the line.


Investing money in a company is by no means a simple process, or an easy one to make. An investor who is not cognizant of the risks involved with investing stands to lose their entire investment. However, through paying close attention to companies, it is possible to find companies that present long-term value to shareholders. When attempting to identify such companies, it is essential to have criteria with which to evaluate the various investment opportunities available. This allows for a consistent measurement across companies in an industry and should help the investor to get a good sense as to whether or not the company is undervalued relative to its peers. There are five criteria that are very important for long-term oriented investors, they are: Earnings per Share, Net Profit Margin, the state of management, the strategy of the company and the ability of the firm to generate a large cash pile for shareholders.

Huntington meets the requirement of having a high amount of potential for future earnings growth. Future earnings growth provides a strong foundation for helping to analyze the ability of the company to generate profits into the future. It is important for long-term oriented investors to consider as it helps to give investors a sense of how the company will utilize its resources today in order to be successful further into the future. Huntington has a strong presence in its core banking operation in Ohio, and has been proactive in signing agreements to strengthen its presence within the Ohio area. Huntington has been able to sign agreements with universities in the area, specifically the Ohio State University, which allows for Huntington to be the sole bank on campus. This gives Huntington the ability to have early access to students on campus, and to likely get them to sign up with Huntington for all of their banking needs. The ability for Huntington to continue to be able to have relationships within the community will be very important for its long-term prospects. Through solidifying its involvement in the community, combined with opening large amounts of new branches Huntington will be able to continue increasing its future earnings growth.

In order for an investor to be confident in the ability of the company to be able to perform in the future, the company must be able to have a growing Net Profit Margin. This metric will allow for investors to see how not only through growing revenue will the company be able to grow its profits, but through improving profit margins, it allows for more profits for investors. This ratio helps to show how much of each dollar that Huntington is able to turn into profits. As the ratio increases, Huntington will be able to squeeze more profit out of every dollar and therefore have more money to be able to use for its growth plans. Through analyzing the growth pattern over the last three years investors are able to get a sense for how much the company will be able to increase its efficiency in the future. It will also be very important to watch the net profit margin as the company continues to expand, as typically expansion will in the short term result in lowered margins as Huntington will have to offer discounts and have increased advertising costs in order to try to gain market share. What will be important for investors is whether or not after achieving sufficient market penetration; Huntington will be able to expand its profit margins. The ability to grow margins in the future will help to allow Huntington to be able to return more money to shareholders, and therefore will be very important to long-term oriented investors.

The management team at any company is essential in order to be able to execute on the long-term vision of the company. Management is very important for investors, as for an investor to be comfortable investing their money, the investor needs to be confident that management will be responsible with the money and will allow for the company to grow. In the case of Huntington, the upper-level management have the industry credentials to be able to execute on the long-term vision of the company. Furthermore, in the case of Huntington, they are specialized in being able to grow banks, which is exactly what investors need to be able to look for at this time. As Huntington continues its aggressive expansion plans the management team in place will serve as a competitive edge for the company and should allow for the company to be able to execute in its vision for expanding past its current base in Ohio and its six state reach.

Finally, the last thing that investors should consider is the ability of a company to hold large amounts of cash. By having increasing cash resources, Huntington will be well positioned to execute on its growth. The cash will allow for Huntington to be able to build branches and look at strategic acquisitions in the areas where Huntington is looking to penetrate. Furthermore, a large cash shield would help to deter suitors, as Huntington would argue that a growing cash stream means that the company deserves a higher value than what any other suitor is offering. Therefore, it is important for investors to consider whether or not the company is able to generate large amounts of cash. In the case of Huntington, the company has not only been expanding rapidly, but has also been able to rapidly expand its cash flow and has been uniquely positioned to help finance future growth with its cash flow.

Trying to find the right company to invest in can be a daunting task. Fortunately, Huntington meets the relevant criteria to help justify long-term investment. Huntington has been able to bring itself back after the depths of the recession and its efforts to expand have clearly been successful, as Huntington is now able to generate large profits and is a safe investment for long-term investors. Huntington being able to generate large profits in the future, growing margins, and the ability of management to execute on the vision of the company, helps to make Huntington a prime candidate for long-term oriented investment.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.