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 Bancshares Incorporated declared a quarterly cash dividend of $356.25 per share on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). This dividend is payable on December 1, 2022, to shareholders recorded by November 15, 2022. As a regional bank with $179 billion in assets, Huntington provides various financial services via over 1,000 branches across 11 states.
Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that CFO Zach Wasserman will present at the Barclays Global Financial Services Conference on September 12, 2022, at 9:00 AM ET. The presentation will cover the bank's business strategies, financial performance, and future initiatives. Interested investors can access the live webcast on Huntington's investor relations website, with a replay available afterward. Huntington, headquartered in Columbus, Ohio, is a regional bank holding company managing $179 billion in assets and serving various client sectors.
Huntington Bancshares (Nasdaq: HBAN) will host an Investor Day on November 10, 2022, in New York City. Presentations by Steve Steinour, along with the executive management team, will review the company's strategy, key initiatives, and financial performance. The event is by invitation only for institutional investors and analysts, starting at 8:30 a.m. (ET) and concluding at 12:30 p.m. (ET). A live audio webcast and presentation slides will be available on Huntington's Investor Relations webpage.
Huntington Bancshares Incorporated (Nasdaq: HBAN) will report its 2022 third quarter earnings on October 21, 2022, before market opening. Financial data will be available on the company’s Investor Relations webpage. A conference call is scheduled for the same day at 9:00 a.m. ET, accessible via live webcast or by calling (877) 407-8029 with conference ID #13732539. The bank, with assets of $179 billion, operates over 1,000 branches across 11 states, providing a range of financial services.
Huntington National Bank, in partnership with PAi Retirement Services, has launched the Huntington 401(k) Center for Business, a retirement solution tailored for small and mid-sized businesses. This initiative provides comprehensive support for retirement plans, with Huntington serving as the fiduciary advisor for investment management and PAi managing plan administration. As the leading originator of SBA 7(a) loans for four consecutive years, Huntington aims to aid small businesses in efficiently managing their 401(k) plans amidst market volatility.
Capstone Partners has announced key leadership appointments across various industry groups following its merger with Huntington National Bank. The firm aims to enhance growth and acquisitions amidst market volatility. New leaders include Ian Cookson for Aerospace & Defense, Darin Good for Building Products, and David Michaels for Technology, Media & Telecom, among others. Collectively, these leaders bring extensive experience, having closed billions in transactions. Capstone offers a full suite of investment banking and financial advisory services and has over 175 professionals across the U.S.
Huntington Bancshares Incorporated (Nasdaq: HBAN) has announced an increase in its prime rate from 4.75% to 5.5%, effective July 28, 2022. This is the second increase this year, following a change on June 16, 2022, when the rate rose from 4% to 4.75%. The bank, with assets totaling $179 billion, provides a range of financial services across more than 1,000 branches in 11 states. This change may impact borrowing costs for consumers and businesses, reflecting broader economic trends.
Huntington Bancshares has declared a quarterly cash dividend of $0.155 per common share (Nasdaq: HBAN), unchanged from the previous quarter. This dividend is payable on October 3, 2022, to shareholders recorded by September 19, 2022. Additionally, five series of preferred stock dividends were announced, including $13.0300 for Series B and $11.25 for Series H (Nasdaq: HBANP), payable on October 17, 2022, to shareholders recorded by October 1, 2022. The bank, headquartered in Columbus, Ohio, has assets of $179 billion.
Huntington Bancshares (HBAN) reported a record net income of $539 million, or $0.35 per common share, for Q2 2022, reflecting a significant year-over-year increase. Adjusted EPS stands at $0.36, excluding notable items. Key drivers include a 10% increase in net interest income to $115 million, and a 3% rise in average loans and leases. Expenses were reduced by $35 million, leading to a 17% growth in pre-provision net revenue (PPNR). The bank achieved record low net charge-offs of 0.03% and completed strategic acquisitions to enhance growth.
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