Investment Thesis
Huntington Bancshares is a Midwest regional bank with strengths in small business lending, consumer banking, and auto finance. TCF acquisition expanded its footprint and specialty capabilities.
- Deposit Franchise: Low-cost transactional deposits from retail and SMB clients.
- Specialty Lending: Equipment finance, healthcare, and auto offset traditional lending.
- Digital Investments: Early adopter of digital account opening and fintech partnerships.