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 Incorporated (Nasdaq: HBAN) is a regional bank holding company headquartered in Columbus, Ohio, with roots dating back to 1866. Its news flow highlights activities across banking, payments, wealth management, and risk management services delivered through The Huntington National Bank and its affiliates. This page aggregates press releases, corporate announcements, and other media coverage related to HBAN stock and the Huntington organization.
Recent news emphasizes Huntington’s strategic growth through mergers and acquisitions. The company has entered into an Agreement and Plan of Merger under which Cadence Bank will merge with and into The Huntington National Bank, with Huntington’s bank as the surviving institution. Joint press releases and SEC filings report that all required regulatory approvals have been received and that shareholders of both companies have approved the transaction, with closing expected on or about February 1, 2026, subject to remaining conditions. Other releases describe regulatory approval and closing plans for the merger of Veritex Holdings, Inc. and its bank subsidiary into Huntington and The Huntington National Bank.
Investors following HBAN news will also see updates on dividends, prime rate changes, earnings calls, and conference presentations. Huntington has issued releases on quarterly cash dividends for its common and preferred stock, adjustments to its prime rate, and scheduling details for earnings conference calls and appearances at financial services conferences. Additional items include announcements involving subsidiaries such as Capstone Partners and references to wealth management affiliates that may become part of Huntington through mergers.
By reviewing this news feed, users can track how Huntington communicates with markets about strategic transactions, capital actions, and operating developments over time.
Huntington Bancshares reported its Q4 2021 earnings, achieving $401 million in net income, a 59% increase year-over-year. EPS decreased to $0.26, down $0.01 from Q4 2020. Adjusted EPS was $0.36 after accounting for notable items. Total revenue rose 24% to $6 billion for 2021, driven by the TCF acquisition. Total loans increased 1% to $111.9 billion. The company repurchased $150 million in common stock and increased its dividend by 3.3%. CEO Steve Steinour expressed confidence in continued growth through 2022.
Huntington Bancshares Incorporated (Nasdaq: HBAN) is set to report its 2021 fourth quarter earnings on January 21, 2022, before market opening. This announcement follows the bank's ongoing commitment to transparency. Investors can access the earnings news release and financial data on the Investor Relations section of the company's website. Additionally, management will host an earnings conference call at 8:30 a.m. ET that day, available via a live Internet webcast and telephone dial-in. The bank, with assets of $174 billion, operates over 1,100 branches across 12 states.
Huntington Bancshares Incorporated has declared a quarterly cash dividend of $356.25 per share on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). The dividend is payable on March 1, 2022, to shareholders of record as of February 15, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Huntington Bancshares, a $174 billion asset regional bank, operates over 1,100 branches across 12 states, offering a diverse range of banking and financial services.
Huntington Bancshares (Nasdaq: HBAN) will participate in the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021. The presentation, led by CEO Steve Steinour and CFO Zach Wasserman, is scheduled for 3:40 PM ET and will address business performance and strategic initiatives, including forward-looking statements.
Investors can access the live audio presentation on Huntington's website, with a replay available afterward. Huntington Bancshares is a regional bank holding company with $174 billion in assets and over 1,100 branches across 12 states.
Huntington National Bank (Nasdaq: HBAN) urges consumers to support local businesses this holiday season, emphasizing their critical role in economic development. A 2021 SBA report highlights that small businesses make up 99% of U.S. businesses, employing nearly 47% of the workforce. Huntington is committed to assisting small businesses, especially minority-, women-, and veteran-owned, through its Lift Local Business program, which secured $22 million in loans in its first year. The bank also prioritizes cybersecurity resources for small businesses as they face increasing digital threats.
Huntington Bancshares will present at the 2021 Bank of America Securities Banking and Financials Conference on November 10, 2021, at 11:20 AM ET. Chief Financial Officer Zach Wasserman will address analysts and investors about the company's business, financial performance, and strategic initiatives. The presentation will include forward-looking statements. Interested parties can access the live audio presentation on Huntington's investor relations website, with an archived replay available afterwards.
On November 4, 2021, Black Knight (NYSE:BKI) announced that Huntington National Bank renewed its contract for the MSP loan servicing system. The renewal signifies a strong partnership as Huntington seeks growth in its consumer real estate loan portfolio. Black Knight will also provide additional solutions, including Servicing Digital, enhancing customer engagement and streamlining mortgage processes. The deal includes data analytics tools like McDash reports for better portfolio management.
Huntington Bancshares (HBAN) reported its Q3 2021 earnings with a net income of $377 million, reflecting a $74 million increase year-over-year. Earnings per share (EPS) were $0.22, down $0.05 year-over-year, but adjusted EPS reached $0.35 after excluding $0.13 in acquisition-related costs. Total revenue soared 32% to a record $1.7 billion, driven by the TCF acquisition. The company repurchased $500 million of common stock and increased its dividend to $0.155 per share. Key metrics include a tangible book value of $8.10 and a 0.86% return on average assets.
Huntington Bancshares announced a quarterly cash dividend of $0.155 per common share, reflecting a 3% increase from the previous quarter. The dividend, payable on January 3, 2022, benefits shareholders on record by December 17, 2021. Additionally, quarterly dividends were declared for five series of preferred stock, with the highest being $1,425.00 per share for Series E. These dividends are payable on January 18, 2022. The increase in dividend supports the capital allocation strategy and showcases confidence in future growth.
Huntington National Bank (NASDAQ: HBAN) has been recognized as the largest originator of Small Business Administration (SBA) 7(a) loans in the United States for the fourth consecutive year, demonstrating its strong commitment to small businesses. For fiscal year 2021, Huntington facilitated 47,000 Paycheck Protection Program loans and supported a substantial number of businesses across its footprint states, with Ohio leading at 1,998 loans totaling $366 million. The bank is also expanding its presence in Minnesota and Colorado and has pledged $40 billion toward community investments, reinforcing its dedication to financial inclusion.
FAQ
What is the current stock price of Huntington Bancshares (HBAN)?
What is the market cap of Huntington Bancshares (HBAN)?
