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 (NASDAQ: HBAN) provides comprehensive banking services across the Midwest through its consumer, commercial, and wealth management divisions. This news hub delivers timely updates on material developments affecting this regional banking leader.
Access consolidated coverage of HBAN's financial performance, strategic initiatives, and market positioning. Track earnings announcements, leadership changes, regulatory filings, and operational milestones relevant to investors and industry observers.
Our curated news collection features press releases on consumer banking innovations, commercial lending expansions, and treasury management solutions. Stay informed about dividend declarations, capital management strategies, and community development programs across HBAN's seven-state footprint.
Bookmark this page for ongoing insights into Huntington's financial health and market strategies. Check regularly for verified updates on one of the Midwest's most established banking institutions.
Huntington Bancshares Incorporated (Nasdaq: HBAN) will participate in the 2021 Morgan Stanley US Financials, Payments, & CRE Conference on June 15, 2021, at 11:00 AM ET. CFO Zach Wasserman will present virtually, discussing the bank's business performance and strategic initiatives. The presentation will include forward-looking statements. Investors can access the live audio presentation via Huntington's investor relations website, with a replay available afterward. Huntington, based in Columbus, Ohio, manages $126 billion in assets across 814 branches and provides a range of financial services.
Huntington (Nasdaq: HBAN) has launched Standby Cash, its first digital-only product, enabling eligible customers to access a line of credit up to $1,000 without interest or fees if on automatic payments. Qualification relies on the management of checking accounts rather than credit scores. This initiative aligns with Huntington's Fair Play Banking philosophy, aiming to assist customers with unexpected expenses and promote long-term financial health, particularly during the ongoing challenges of the COVID-19 pandemic.
Huntington Bancshares and TCF Financial Corporation announced that regulatory approvals from the Federal Reserve Board and the Office of the Comptroller of the Currency have been granted for their upcoming merger. As part of this agreement, TCF National Bank will divest 14 banking centers in Michigan to Horizon Bank, totaling approximately $975 million in deposits. The merger is anticipated to close around June 9, 2021, following the satisfaction of customary closing conditions. This merger aims to strengthen Huntington's market presence in the Midwest.
Huntington Bancshares Incorporated has declared a quarterly cash dividend of $0.15 per common share, payable on July 1, 2021, for shareholders recorded on June 17, 2021. Additionally, the Board announced dividends for its preferred stocks, including $7.20937324 for Series B and $14.69 for Series C, among others, all payable on July 15, 2021. The company's total assets amount to $126 billion, with an extensive network of 814 branches and 1,314 ATMs across the Midwest.
Huntington Bancshares reported a strong first quarter in 2021, with a net income of $532 million, an increase of $484 million year-over-year. Earnings per share rose to $0.48, and total revenue increased 19% to $1.4 billion. The bank saw significant growth in net interest income, driven by a $144 million mark-to-market benefit from interest rate caps. Average loans increased by $4.6 billion, while nonperforming assets decreased. The company is on track to complete the TCF Financial acquisition in the second quarter.
Huntington Bancshares and TCF Financial Corporation announced that their shareholders approved the merger at special meetings held on March 25, 2021. This merger aims to create a stronger regional bank, enhancing shareholder value and expanding service offerings to communities. The transaction is pending regulatory approval and expected completion in late Q2 2021. Huntington currently holds $123 billion in assets, while TCF has $48 billion, indicating a significant consolidation in the banking sector.
Huntington Bancshares Incorporated (Nasdaq: HBAN) will release its 2021 first quarter earnings on April 22, 2021, before market open. Investors can access financial data in the Investor Relations section of the company’s website. A conference call will take place at 8:30 a.m. ET on the same day, available via live webcast or dial-in at (877) 407-8029 with conference ID 13716636. The company, headquartered in Columbus, Ohio, has $123 billion in assets and operates 839 branches across seven Midwestern states.
Huntington Bancshares (Nasdaq: HBAN) will participate in the 2021 RBC Capital Markets Financial Institutions Conference on March 10, 2021. CFO Zach Wasserman is set to present virtually at 10:40 AM ET, addressing the company's business, financial performance, and strategic initiatives, including forward-looking statements. Investors can access the live audio presentation through Huntington's website, with replays available later. Based in Columbus, Ohio, Huntington has $120 billion in assets and operates 839 branches across the Midwest.
