Huntington Bank is the banking subsidiary of Huntington Bancshares Incorporated (Nasdaq: HBAN), headquartered in Columbus, Ohio. For net lease investors, a branch lease signed by The Huntington National Bank is an obligation of a regulated bank; confirm the tenant entity in each lease. The tenant’s credit, the lease terms and the branch’s location affect value.
| Metric | Details |
|---|---|
| Parent company | Huntington Bancshares Incorporated (Nasdaq: HBAN), Columbus, Ohio |
| Bank subsidiary | The Huntington National Bank |
| S&P / Moody’s | A- / A3 (Negative) |
| Investment grade status | Investment Grade |
| Branches | More than 1,400 branches in 21 states (June 30, 2026), after the Cadence Bank merger |
| Acquisitions | TCF Financial (Detroit, Michigan) in June 2021, Veritex Holdings (Dallas, Texas) in October 2025 and Cadence Bank (Houston, Texas and Tupelo, Mississippi) in February 2026 |
| Median asking cap rate | fewer than three listings with an asking cap rate are tracked right now |
Huntington Bank Credit Profile
Ratings shown here come from our tenant ratings database and update when agencies change them: S&P A- and Moody’s A3 (Negative). A rating at or above BBB‑/Baa3 is investment grade. Huntington’s Form 10‑Q for the quarter ended June 30, 2026 lists separate ratings for Huntington Bancshares Incorporated and for The Huntington National Bank; the ratings shown here are the bank’s (S&P’s issuer credit rating and Moody’s senior unsecured notes rating). Confirm which entity is the named tenant and which rating applies to it. For how the scale works, see the investment grade guide.
Source: S&P Global Ratings A-, as of June 30, 2026; Moody’s A3, Negative, as of June 30, 2026; Fitch Ratings A-, Stable, as of June 30, 2026. Ratings checked October 8, 2026.
Branch Network
Huntington Bank operates more than 1,400 branches in 21 states (June 30, 2026), after the Cadence Bank merger. Huntington is headquartered in Columbus, Ohio; Veritex was headquartered in Dallas, Texas, and Cadence in Houston, Texas and Tupelo, Mississippi (2025 Form 10‑K).
Huntington has grown through acquisitions. It acquired TCF Financial, headquartered in Detroit, Michigan, on June 9, 2021, completed its acquisition of Veritex Holdings of Dallas on October 20, 2025, and completed its merger with Cadence Bank on February 1, 2026. Huntington reported more than 1,000 branches in 14 states at the end of 2025 and more than 1,400 branches in 21 states at June 30, 2026. Former TCF, Veritex and Cadence branches may now be Huntington leases; confirm the current tenant entity and any assignment documents. See former TCF Bank branches.
Huntington Bank NNN Cap Rates
Live asking cap rates for Huntington Bank and other bank tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| Fifth Third Bank | A- / A3 | 4.63% | 4.50% to 5.06% | 16 | −62 bps |
| JPMorgan Chase | AA- / Aa2 | 5.00% | 4.75% to 5.38% | 35 | −24 bps |
| PNC Bank | A / A2 | 5.08% | 4.75% to 6.06% | 20 | −17 bps |
| Wells Fargo | A+ / Aa2 | 5.12% | 5.00% to 5.15% | 5 | −12 bps |
| Bank of America | A+ / Aa2 | 5.25% | 5.00% to 6.10% | 21 | +1 bps |
| U.S. Bank | A / A3 | 5.50% | 5.13% to 5.84% | 7 | +26 bps |
| Truist | A / A3 | 6.25% | 6.16% to 7.00% | 5 | +101 bps |
| KeyBank | BBB+ / n/a | 6.30% | 6.00% to 6.50% | 5 | +106 bps |
| Citizens Bank | A- / A3 | 6.50% | 6.44% to 6.75% | 4 | +126 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 12, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file. Not shown because fewer than 3 active listings with a published cap rate were observed: Regions Bank, Huntington Bank.
Bank branch listings include ground leases, where the bank owns the building and leases the land, and building leases, where the landlord owns both. The two structures differ in landlord obligations and depreciation, so compare a specific branch with listings of the same structure and similar remaining term.
What to Check in a Huntington Bank Branch Lease
- Tenant entity: whether the lease is signed by The Huntington National Bank or another entity, and any guarantee.
- Ground lease or building lease: who owns the improvements and who pays for roof, structure and parking lot.
- Term and options: remaining term, renewal options and the rent schedule for each option.
- Early termination rights: some bank leases allow the bank to close the branch and end the lease early.
- Branch deposits: deposit levels at the branch, which are published annually in the FDIC Summary of Deposits, are one indicator of the branch’s role in the bank’s network.
- Consolidation risk: banks can close overlapping branches after mergers; check for other branches of the same bank nearby.
Pros and Cons
| Strengths | Considerations |
|---|---|
| Investment grade ratings for The Huntington National Bank (Form 10‑Q, June 30, 2026) where the bank is the tenant | Banks may close branches as customers move to digital banking |
| Branch sites can suit other retail or service users, depending on location | Ground lease structures limit depreciation and can ask low cap rates |
| Leases can have long terms and scheduled rent increases; confirm in the lease | Some leases include early termination rights |
Comparable Bank Tenants
Compare Huntington Bank with other bank tenants such as PNC Bank, Truist, U.S. Bank and JPMorgan Chase, which appear in the live table above when at least three of their listings report an asking cap rate.
Frequently Asked Questions
What is Huntington Bank’s credit rating?
For The Huntington National Bank, our ratings database shows S&P A- (issuer credit rating) and Moody’s A3 (Negative) (senior unsecured notes), as reported in Huntington’s Form 10‑Q for the quarter ended June 30, 2026. Check which entity, the holding company or the bank, is the tenant on a specific lease.
Did Huntington merge with Cadence Bank?
Yes. Huntington completed its merger with Cadence Bank on February 1, 2026, after acquiring Veritex Holdings in October 2025. At June 30, 2026, Huntington reported more than 1,400 branches in 21 states.
What are Huntington Bank asking cap rates?
The live table on this page shows the current median asking cap rate for Huntington Bank branches when at least three listings with a published cap rate are available. Ground leases and building leases can price differently, and asking cap rates are not closed-sale cap rates.
What is a triple net (NNN) lease?
In a triple net lease the tenant pays property taxes, insurance and maintenance in addition to rent. Some bank leases leave roof, structure or parking lot costs with the landlord, so read the lease.
Sources: Huntington Bancshares Form 10‑K for 2025 and Form 10‑Q for the quarter ended June 30, 2026.
Huntington Bank Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Huntington Bank properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
Huntington Bank NNN Properties Observed For Sale
2 active Huntington Bank net lease listings observed across public listing sources, most recently Oct 9, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Centennial, CO | $4,444,444 | 4.50% | 3,835 | n/a | View listing |
| Streetsboro, OH | $638,000 | 6.00% | 4,090 | n/a | View listing |
Search all 2 observed Huntington Bank listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
