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.
On February 10, 2021, Huntington Bancshares Incorporated (Nasdaq: HBAN) announced key appointments to its Executive Leadership Team following its merger with TCF. Tom Shafer will join as co-President of Commercial Banking, overseeing Middle Market and Commercial Real Estate teams. Mike Jones will serve as Senior Executive Vice President, leading strategic growth in Minnesota and Colorado. Additionally, Donald Dennis was appointed Chief Diversity, Equity & Inclusion Officer, enhancing Huntington's commitment to diversity and education. The merger aims to create a stronger bank, leveraging combined expertise to expand in critical markets.
Huntington Bancshares announced a quarterly cash dividend of $0.15 per common share (Nasdaq: HBAN), payable on April 1, 2021, to shareholders of record on March 18, 2021. Additionally, the company declared dividends on several series of preferred stock, including $7.35312676 for Series B, $14.69 for Series C (Nasdaq: HBANN), $15.625 for Series D (Nasdaq: HBANO), and other series. All preferred dividends are payable on April 15, 2021, to shareholders of record on April 1, 2021.
Huntington Bancshares reported a challenging year in 2020, with net income of $817 million, down 42% from 2019, and EPS declining 46% to $0.69. Despite a 3% increase in total revenue to $4.8 billion, net interest margin fell to 2.99%. The bank saw a significant rise in noninterest income, driven largely by a 119% increase in mortgage banking income. The allowance for credit losses surged by 265% amid the pandemic's economic impact. However, the tangible book value per share increased 3% to $8.51. The company aims for strategic growth in 2021 through investments in technology and the acquisition of TCF Financial.
Huntington Bancshares Incorporated (Nasdaq: HBAN) plans to report its 2020 fourth quarter earnings on January 22, 2021, before market opening. Financial data will be available in the Investor Relations section of their website. Management will host an earnings conference call at 8:30 a.m. ET on the same day, accessible via live webcast or telephone. A replay will be available after the call. Huntington, headquartered in Columbus, Ohio, boasts $120 billion in assets and a network of 839 branches across seven Midwestern states.
Huntington launched its Support Local video series on Dec. 1, 2020, to highlight the resilience of small businesses during the pandemic. This campaign showcases real-life stories of business owners adapting to challenges. Huntington, the No. 1 SBA 7(a) lender, has implemented programs such as suspended late fees and processed thousands of PPP loan applications to aid small businesses. The initiative reflects Huntington's commitment to economic inclusion, backed by a $20 billion Community Plan to support local economies.
Huntington (Nasdaq: HBAN) announced a significant upgrade to its ATM network, replacing 400 machines by year-end with state-of-the-art Hyosung MoniPlus2S software. This upgrade enhances transaction speed and security, allowing customers to withdraw bills in various denominations. As of Q3 2020, Huntington operates 1,330 ATMs across seven Midwest states. The initiative, aimed at improving customer experience, also prepares for future enhancements, including tap-and-go authentication. This installation marks Hyosung America’s largest U.S. rollout of MoniPlus software across multiple ATM vendors.
Huntington Bancshares Incorporated (Nasdaq: HBAN) will participate in the Nasdaq 43rd Virtual Investor Conference on December 2, 2020. The presentation is scheduled for 10:30-11:00 AM EST and will feature Steve Steinour and Zach Wasserman, who will discuss the bank's business performance and strategic initiatives. Investors can access the live audio on Huntington's website, where a replay will also be available. Huntington, based in Columbus, Ohio, has $120 billion in assets and operates 839 branches across seven states.
Huntington Bancshares Incorporated (Nasdaq: HBAN) is set to participate in the Bernstein Operational Decisions Conference on November 17, 2020, at 8:00 AM ET. Rich Porrello, President of Vehicle Finance and Dealer Services, will present virtually to analysts and investors, discussing the bank's business performance and strategic initiatives. The event will feature forward-looking statements. Investors can access the live audio presentation on Huntington's website, with an archived replay available following the event.
Huntington Bancshares released its inaugural Task Force on Climate-Related Financial Disclosures (TCFD) report on November 6, 2020. This report highlights the bank's commitment to addressing climate-related business risks and opportunities, enhancing transparency for investors and stakeholders. It accompanies Huntington's 2019 Environmental Social and Governance (ESG) report released in June 2020. With $120 billion in assets and a robust network of branches and ATMs, Huntington aims to integrate sustainability into its operations.
On November 3, 2020, Huntington Bancshares Incorporated (Nasdaq: HBAN) announced the pricing for its debt tender offer to purchase specific series of notes. The total consideration for each series is based on the yield of U.S. Treasury Securities, including a $30 early tender premium per $1,000 principal amount. The offer is limited to tender caps of $200 million and $300 million for different series. The tender offer expires on November 16, 2020, although the Company may not accept any tenders beyond the early tender deadline due to oversubscription.
