Welcome to our dedicated page for Huntington Bancshares news (Ticker: HBAN), a resource for investors and traders seeking the latest updates and insights on Huntington Bancshares stock.
Huntington Bancshares Inc. (symbol: HBAN) is a prominent regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, Huntington operates through a robust network of over 750 branches and more than 1,500 ATMs across six midwestern states. With assets exceeding $189 billion, Huntington provides a wide array of financial services to consumers, small businesses, and corporations.
The company's primary business segments include Consumer & Regional Banking and Commercial Banking. The Consumer & Business Banking segment is the primary revenue driver, while the Commercial Banking segment offers specialized services such as auto dealer financing, equipment finance, national settlement, and capital market services.
Huntington's product offerings are comprehensive, covering consumer banking, small business solutions, commercial banking, treasury management, wealth management, brokerage, trust, and insurance services. The company's affiliations extend beyond its core states, providing national settlement and capital market services.
2023 was a notable year for Huntington, marked by strategic initiatives and a dynamic banking environment. The company achieved sustained deposit growth, enhanced capabilities across payments and other fee-based services, and completed a business segment re-alignment to improve customer focus and operational efficiency. Furthermore, Huntington expanded its commercial and regional banking into the Carolinas, bolstering its specialty banking expertise by adding new teams.
In the fourth quarter of 2023, Huntington reported a net income of $243 million, reflecting the company's disciplined approach to managing credit quality and moderate-to-low risk appetite. Despite a decrease from the previous year, the company maintained robust liquidity and capital, positioning it for continued growth. Huntington's strategic focus remains on organic growth, expanding deposit and loan balances, and leveraging its strong brand and customer trust metrics.
As of the first quarter of 2024, Huntington reported a net income of $419 million, highlighting sustained organic growth and robust pipelines in new and existing markets. The company's credit quality remained stable, and the economic outlook was constructive, supporting the performance of its customers.
Huntington Bancshares' financial results and strategic initiatives underscore its commitment to growth, profitability, and customer service. The company's earnings releases and financial supplements provide detailed performance metrics and are available on its Investor Relations website.
For more information, visit Huntington.com.
Huntington National Bank has secured 18 'Best Bank' awards in the 2025 Coalition Greenwich Awards for excellence in business and middle market banking services. The recognition spans across 10 awards in business banking and 8 awards in middle market banking, highlighting the bank's exceptional performance in customer service, relationship management, and cash management capabilities.
The awards, based on over 25,000 interviews with businesses across the U.S., acknowledge Huntington's strength in combining quality service with innovative digital banking tools. Notable achievements include recognition for customer satisfaction, long-term relationship values, and trust in both small business and middle market segments. The bank maintains its position as the nation's top SBA 7(a) loan originator by volume for the seventh consecutive year as of October 2024.
The evaluation methodology involved interviews with businesses having sales of $1-10 million for small business category and $10-500 million for middle market category, ensuring an objective, buy-side feedback-driven assessment process.
Tess Oxenstierna, Managing Director and Head of Aerospace, Defense, Government & Security Group at Capstone Partners, has been named Investment Banker of the Year by the Global M&A Network at the 16th Annual Americas M&A Atlas Awards in February 2025.
With over 35 years of defense experience, Oxenstierna brings extensive expertise from roles in government, corporate strategy, and investment banking. She recently led the successful sale of Spin Systems, a data analytics and AI/ML-driven intelligence visualization firm, to Diné Development
Appointed as Head of Aerospace, Defense, Government & Security in 2024, Oxenstierna oversees industry insights publication and is expanding the group's operations. She holds a PhD in War Studies from King's College London and previously served in key positions at Lehman Brothers, Raytheon, the Reagan White House, U.S. Department of State, and NATO Headquarters.
Huntington Bancshares (Nasdaq: HBAN) has announced its participation in the upcoming RBC Capital Markets Financial Institutions Conference on March 5, 2025. The company's Chief Financial Officer, Zach Wasserman, and Chief Enterprise Payments Officer, Amit Dhingra, will deliver a presentation at 10:40 AM (Eastern Time).
The presentation will cover business trends, financial performance, and strategic initiatives, including forward-looking statements. Investors can access the live audio webcast through Huntington's investor relations website, with a replay available for later viewing.
Capstone Partners and IMAP have released their 2024-2025 Trends in Global M&A Survey Report, based on insights from 100 M&A advisors across 54 countries. The survey, conducted between September-November 2024, reveals optimistic market outlook for 2025.
Key findings show that only 38% of investment bankers expect a recession in 2025, down 22% year-over-year. A significant 79% of advisors anticipate increased deal flow in 2025, while 88% reported strong middle market M&A performance in 2024. Private equity activity outlook is bullish, with 51% expecting increased sponsor dealmaking.
The survey highlights that 69% of bankers identified recurring revenue as important for acquisitions. 46% of advisors expect moderate valuation increases in 2025, with FinTech and Healthcare sectors commanding highest EBITDA multiples. Business owner retirement (54%) was the primary sell-side driver in 2024, while industry consolidation is expected to lead in 2025.
Huntington Bancshares (Nasdaq: HBAN) has announced its participation in the upcoming UBS Financial Services Conference on Monday, February 10, 2025. The company will be represented by key executives including Zach Wasserman (Chief Financial Officer), Brant Standridge (President, Consumer and Regional Banking), and Scott Kleinman (President, Commercial Banking).
The presentation is scheduled for 8:50 AM Eastern Time, where the executives will provide insights into business trends, financial performance, and strategic initiatives.
Huntington Bancshares (Nasdaq: HBAN) has announced plans to host an Investor Day on February 6, 2025, in New York City. The event will feature presentations from chairman, president and chief executive officer Stephen Steinour along with other members of Huntington's management team.
The presentations are scheduled to run from 8:30 a.m. ET to approximately 1 p.m. ET. While in-person attendance is to invited institutional investors and analysts, the event will be accessible to the public through a live audio webcast on Huntington's Investor Relations website. Presentation slides will also be available, and a replay of the webcast will be provided on the same platform after the event.
Huntington Bancshares (Nasdaq: HBAN) has announced its quarterly dividend declarations. The Board of Directors maintained the common stock dividend at $0.155 per share, payable April 1, 2025, to shareholders of record on March 18, 2025.
The company also declared quarterly dividends on five series of preferred stock, all payable April 15, 2025, to shareholders of record on April 1, 2025:
- Floating Rate Series B: $18.16 per share
- 5.625% Series F: $1,406.25 per share
- 4.450% Series G: $1,112.50 per share
- 4.5% Series H: $11.25 per share
- 6.875% Series J: $17.19 per share
Huntington Bancshares (HBAN) reported strong Q4 2024 results with earnings per share of $0.34, up $0.01 from Q3 and $0.19 from the year-ago quarter. The bank achieved record fee income and significant loan growth, with net interest income increasing $44 million (3%) quarterly and $79 million (6%) yearly.
Key highlights include: average total loans increased $3.7 billion (3%) quarterly to $128.2 billion; average deposits grew $2.9 billion (2%) quarterly; noninterest income rose $36 million (7%) to $559 million quarterly. The bank maintained strong credit quality with net charge-offs at 0.30% and a nonperforming asset ratio of 0.63%. The Common Equity Tier 1 ratio improved to 10.5%, while tangible book value per share was $8.33.
Huntington Bancshares (Nasdaq: HBAN) has announced its upcoming earnings release schedule. The company will release its fourth quarter 2024 financial results before market opening on Friday, January 17, 2025, followed by a conference call at 9 a.m. ET to discuss the results.
Investors can access the earnings conference call through a live webcast on Huntington's Investor Relations website or via telephone at (877) 407-8029 or (201) 689-8029 using conference ID #13750835. A replay will be available through January 25, 2025. Additionally, the company has scheduled its first quarter 2025 earnings release and conference call for Thursday, April 17, 2025 at 11 a.m. ET.
Huntington Bancshares (Nasdaq: HBAN) has issued a correction to its earnings announcement schedule. The company will release its fourth quarter 2024 financial results before market opening on Friday, January 17, 2025. The correction addresses an earlier release that incorrectly referenced third quarter results.
The company will host a conference call to discuss the quarterly results at 9 a.m. ET. Investors can access the call through a live webcast on Huntington's Investor Relations website or via telephone at (877) 407-8029 or (201) 689-8029 with conference ID #13750835. A replay will be available through January 25, 2025.
Additionally, Huntington has announced that its first quarter 2025 earnings release and conference call will take place on Thursday, April 17, 2025, at 11 a.m. ET.
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