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 Incorporated (Nasdaq: HBAN) has announced details for its third quarter 2024 earnings call and updated its schedule for 2025 earnings release dates. The company will release Q3 2024 financial results on Thursday, October 17, 2024, before the market opens. A news release and financial data will be available on the company's Investor Relations website.
The earnings conference call is scheduled for 9 a.m. ET on the same day. Investors can access the call via webcast or by dialing (877) 407-8029 or (201) 689-8029 with conference ID #13749221. A replay will be available until October 25, 2024.
Huntington also provided updated 2025 earnings release dates for all quarters, with calls scheduled for 9 a.m. ET on January 17, April 18, July 18, and October 17, 2025.
Capstone Partners, a leading middle market investment banking firm, reports growing interest in construction safety management services within M&A markets. The firm recently advised Safe T Professionals, a construction-focused safety management consulting firm, on an investment from a strategic partner. This marks Capstone's second transaction in the safety sub-sector within the past 12 months.
Capstone's Environmental Health & Safety Market Update highlights increasing outsourcing of safety management services due to evolving and complex regulations. The report projects continued growth in buyer investment appetite through 2025 and beyond. Safe T Professionals, founded in 2011 and based in Chandler, AZ, specializes in safety consulting and manager outsourcing, with a focus on the semiconductor and EV industries.
Huntington Bancshares Incorporated (Nasdaq: HBAN) has announced a decrease in its prime rate from 8.5% to 8%, effective September 19, 2024. This marks the first change in Huntington's prime rate since July 27, 2023, when it was increased from 8.25% to 8.5%. The reduction in the prime rate could potentially impact various financial products and services offered by the bank, including loans and credit lines.
Huntington Bancshares Incorporated (Nasdaq: HBAN) has declared a quarterly cash dividend on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). The dividend is set at $356.25 per share, which is equivalent to $0.35625 per depositary share. This dividend will be payable on December 2, 2024, to shareholders of record as of November 15, 2024. The announcement demonstrates Huntington's commitment to providing returns to its preferred stockholders and maintaining its dividend policy.
Huntington Bank has appointed Timothy Miller as its new Executive Vice President and Chief Communications Officer (CCO). Miller, who will be based in Charlotte, NC, joins Huntington's executive leadership team and will lead the bank's corporate communications organization. His responsibilities include overseeing all internal and external communications, such as media relations, crisis communications, and executive communications.
Miller brings extensive experience from his previous role as Senior Vice President of External Communications at PNC Bank. He has also held communications leadership positions at Bank of America, Brighthouse Financial, and 3D Systems. Steve Steinour, Huntington's Chairman, President, and CEO, praised Miller's expertise in helping organizations navigate periods of growth and transformation.
The Cleveland Browns and Huntington National Bank have announced a 20-year partnership, including stadium naming rights. The Browns' stadium will now be called "Huntington Bank Field". Huntington Bank will also become the team's official and exclusive banking partner. This partnership aims to strengthen both organizations' commitment to the Cleveland community and broader region.
The first game at Huntington Bank Field will be played on September 8, featuring the Cleveland Browns vs. the Dallas Cowboys. This partnership is expected to spur significant economic growth and development in Northeast Ohio. Both organizations plan to launch new initiatives to strengthen communities across the region.
Capstone Partners, a leading middle market investment banking firm, has appointed Ken Wasik as Co-Head of Investment Banking. Wasik, currently Managing Director and Head of Consumer Products Banking, will share the role with Paul Janson, the current Head of Investment Banking. This appointment is effective immediately.
Wasik, with nearly 25 years of investment banking experience, joined Capstone in 2020 and has been important in growing the firm's Consumer practice. Under his leadership, the firm has driven a total M&A transaction value of over $2.8 billion in Consumer-industry transactions. In his new role, Wasik will oversee all investment banking activities across the firm, working closely with Janson to drive deal execution strategy and guide the firm's 12 industry groups and 5 service lines.
Huntington Bancshares (Nasdaq: HBAN) is set to participate in the 2024 Barclays Global Financial Services Conference on September 9, 2024. Zach Wasserman, CFO, and Brant Standridge, President of Consumer and Regional Banking, will present at 9:00 AM ET.
Their presentation will cover business trends, financial performance, and strategic initiatives. This event provides an opportunity for analysts and investors to gain insights into Huntington's current position and future plans. The conference is a significant platform for financial institutions to showcase their strategies and engage with the investment community.
Huntington Bancshares Incorporated (Nasdaq: HBAN) has announced its quarterly cash dividends for common and preferred stocks. The Board of Directors declared a quarterly cash dividend of $0.155 per common share, unchanged from the previous quarter, payable on October 1, 2024, to shareholders of record on September 17, 2024.
Additionally, the company declared quarterly cash dividends on six series of its preferred stock, including Floating Rate Series B, 5.70% Series E, 5.625% Series F, 4.450% Series G, 4.5% Series H, and 6.875% Series J. These preferred stock dividends are payable on October 15, 2024, to respective shareholders of record on October 1, 2024.
Ethos Capital LP has announced the addition of four new Executive Partners: Caroline Campbell, Allie Kline, Colin Kessinger, and Nagui Elyas. These appointments bring over a century of combined experience to the firm's senior operating team. The new partners will join a group of 21 existing Executive Partners, working closely with portfolio companies throughout the investment process.
Each new partner brings unique expertise:
- Caroline Campbell: Technology and business management consulting
- Allie Kline: Business growth and transformation
- Colin Kessinger: Analytics and supply chain management
- Nagui Elyas: Education, training, and development
Ethos Capital's Managing Partners emphasized that these additions align with the firm's vision of responsible capitalism, prioritizing sustained growth over short-term profits.