Huntington Bancshares Inc - HBAN STOCK NEWS

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). This equates to $0.35625 per depositary share, payable on June 1, 2023, to shareholders of record as of May 15, 2023. The company, headquartered in Columbus, Ohio, boasts $183 billion in assets and operates over 1,000 branches across 11 states, offering a range of banking and financial services.

Huntington Bancshares Incorporated (Nasdaq: HBAN) has announced an increase in its prime rate from 7.75 percent to 8 percent, effective March 23, 2023. This marks the latest adjustment since the previous increase on February 2, 2023, when the rate rose from 7.5 percent to 7.75 percent. As a regional bank holding company with $183 billion in assets, Huntington serves a diverse range of clients, including consumers and small businesses, across more than 1,000 branches in 11 states.

Capstone Partners released its 2022 Middle Market M&A Valuations Index, showing that EBITDA multiples for M&A transactions under $500 million declined from 10.7x in 2021 to 9.9x in 2022. Tightened lending conditions and inflationary pressures led to reduced valuations, with only 36% of multiples exceeding 10.0x, down from 40% in 2021. Despite these challenges, industries such as Building Products, Healthcare, Industrial Technology, and Transportation recorded increases in EBITDA multiples. The average gross margin for sold companies dropped to 31.5% from 37.9% in 2021, while EBITDA margin fell to 18.8% from 19.5%.

Huntington Bancshares Incorporated (Nasdaq: HBAN) plans to announce its 2023 first quarter earnings on April 20, 2023, before market opening. A corresponding news release and financial data will be available on the company's Investor Relations website. Management will host an earnings conference call at 11:00 a.m. ET, accessible via live webcast or dial-in at (877) 407-8029 with conference ID #13737064. A replay will be available after the call until April 28, 2023. Huntington, a regional bank holding company with $183 billion in assets, operates over 1,000 branches across 11 states, providing a wide range of financial services.

Huntington National Bank, headquartered in Columbus, Ohio, has secured 11 awards from Coalition Greenwich for its Commercial Banking services aimed at middle market businesses. The accolades include seven national and one regional Greenwich Excellence Awards in categories such as Overall Satisfaction and Cash Management. Additionally, Huntington earned three Best Brand Awards, recognizing its commitment to customer service and long-term relationships. The awards are based on evaluations from nearly 10,000 interviews with businesses earning $10 million to $500 million. Huntington, a $183 billion asset regional bank, has over 1,000 branches in 11 states.

Huntington Bancshares Incorporated (Nasdaq: HBAN) will present at the RBC Capital Markets 2023 Global Financial Institutions Conference on March 8, 2023, at 11:20 AM ET. CFO Zach Wasserman will discuss the company's business, financial performance, and strategic initiatives, including forward-looking statements.

Investors can access the live audio webcast via the investor relations section of Huntington's website, with a replay available thereafter. Huntington, a regional bank holding company with assets of $183 billion, operates over 1,000 branches across 11 states.

Capstone Partners, a middle market investment banking firm based in Boston, has recently expanded its team by hiring several senior-level professionals, particularly to bolster its Transportation & Logistics group. This expansion follows a significant merger with Huntington National Bank in 2022, aimed at enhancing Capstone's expertise in key markets. Notable new hires include Gordon Mackay and Jonathan Adams, both managing directors with extensive backgrounds in investment banking and logistics. Capstone aims to maintain growth momentum despite challenging market conditions, focusing on aggressively pursuing opportunities in the Transportation & Logistics sector.

Huntington Bancshares (Nasdaq: HBAN) will participate in the Bank of America Securities 2023 Financial Services Conference on February 15, 2023, at 11:20 AM ET. Executives Steve Steinour and Zach Wasserman will present to analysts and investors, discussing the bank's business outlook, financial performance, and strategic initiatives. This engagement will also include forward-looking statements. Interested parties can access a live audio webcast through the investor relations section of Huntington's website, where a replay will be available afterward. Huntington, with $183 billion in assets, operates over 1,000 branches across 11 states.

Capstone Partners announces the addition of Brent Krambeck and Brad Stewart as Senior Managing Directors to its Debt Advisory Group, enhancing its leadership and market position. Krambeck, with over 25 years of experience, specializes in middle market debt transactions, having previously worked at Monroe Credit Advisors, GE Capital, and Merrill Lynch. Stewart, with over 20 years in debt financing, was a Partner at Capital Solutions Group and has a successful track record in placing debt. The firm aims to address the growing demand for sophisticated debt advisory services in a challenging credit market as M&A activity is expected to rise in 2023.