Huntington Bancshares - M&A Summary and Business Overview

Financial ServicesCompany

Huntington Bancshares M&A Summary

Huntington Bancshares has acquired 7 companies, including 1 in the last 5 years. It has also divested 2 assets.

Huntington Bancshares’ largest acquisition to date was in 2020, when it acquired TCF Financial for $6.0B. It’s largest disclosed sale occurred in 2001, when it sold Huntington Bancshares - Florida Banking Franchise to SunTrust Banks for $705M. Huntington Bancshares has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include financial services (100%).

Huntington Bancshares Business Overview

Where is Huntington Bancshares headquartered?

Huntington Bancshares is headquartered in Columbus, Ohio.

What is Huntington Bancshares’ revenue?

Huntington Bancshares disclosed revenue of 7,360M USD for 2023 and 7,254M USD for 2022.

How many employees does Huntington Bancshares have?

Huntington Bancshares has 19,719 employees.

What sector is Huntington Bancshares in?

Huntington Bancshares is a financial services company.

When was Huntington Bancshares founded?

Huntington Bancshares was founded in 1866.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity7
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Huntington Bancshares

Huntington Bancshares, Inc.

Huntington Center, 41 South High Street,
Columbus, Ohio 43287
United States,
(614) 480-2265
www.huntington.com

Huntington Bancshares is a regional bank holding company that provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. Huntington Bancshares was founded in 1866 and is based in Columbus, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 6 1 - - - - 7
vol $3.5B $6.0B $9.5B
Sell (0.0/yr) # 2 - - - - - 2
vol $705M $705M
  9

Most Recent M&A

Company Date Value Type
TCF Financial Corp. 2020-12-13 6.0B USD Merger
Detroit, Minnesota · www.tcfbank.com
Huntington Bancshares - Wisconsin branch banking operations 2018-12-11 - Divestiture
, Wisconsin
FirstMerit Corp. 2016-01-26 3.4B USD Merger
Akron, Ohio · www.firstmerit.com
Macquarie Equipment Finance, Inc. 2015-02-24 - Divestiture
Toronto, Ontario
13 Michigan branches - Bank of America 2014-05-14 - Divestiture
, Michigan
Camco Financial Corp. 2014-03-04 97M USD Add-on Acquisition
Cambridge, Ohio · www.camcofinancial.com
Sky Financial Group, Inc. 2007-07-01 - Add-on Acquisition
Bowling Green,, Ohio
Huntington Bancshares - Florida Banking Franchise 2001-09-26 705M USD Divestiture
, Florida
First Michigan Bank Corp. 1997-09-01 - Add-on Acquisition
Holland, Michigan
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
The Huntington National Bank Inc.    - Bank of America - 24 Michigan Branches 2014-09-16 4
Columbus,, Ohio · www.huntington.com , Michigan
The Huntington National Bank Inc.    - 11 branches Central & East Michigan - Bank of America 2014-04-09 3
Columbus,, Ohio · www.huntington.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 7 (100%) 9.5B (100%) 2 (100%) 705M (100%)
Total 7 $9.5B 2 $705M

By Geo

State/Country Buy Value Sell Value
United States 6 9.5B 1 705M
  Ohio 3 3.5B - -
  Michigan 2 - - -
  Minnesota 1 6.0B - -
  Florida - - 1 705M
Antigua and Barbuda - - 1 -
  Wisconsin - - 1 -
Canada 1 - - -
  Ontario 1 - - -
Domestic 6 (86%) 9.5B (100%) 1 (50%) 705M (100%)
Cross-border 1 (14%) - 1 (50%) -
Total 7 $9.5B 2 $705M

Top M&A Advisors

Financial Deals
Goldman Sachs
 2
Guggenheim Securities
 1
Legal Deals
Wachtell, Lipton, Rosen & Katz
 3

Deal Values

buy # Total
> $1B 2 $9.4B
< $100M 1 $97M
TOTAL $9.5B
Largest TCF Financial Corp.
$6.0B (2020-12-13)
sell # Total
$100M to $1B 1 $705M
TOTAL $705M
Largest Huntington Bancshares - Florida Banking Franchise
$705M (2001-09-26)

M&A Connections

Deals
Acquired from
Strategic(s)
29%
2 (29%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Financial Services

Revenue

7,360   2% 2023
7,254   22% 2022
5,991   25% 2021
4,815   4% 2020
4,667   4% 2019
4,510   5% 2018
4,309   23% 2017
3,519   2016
(millions of USD) Show More Show Less

Employees

19,719

Established

1866

Public

NASDAQ: HBAN

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