Huntington Bancshares Inc Stock Price, News & Analysis

Huntington Bancshares (Nasdaq: HBAN) has announced its quarterly dividend declarations. The Board of Directors maintained the common stock dividend at $0.155 per share, payable July 1, 2025, to shareholders of record on June 17, 2025.

Additionally, the bank declared quarterly dividends on five series of preferred stock, all payable July 15, 2025, to shareholders of record on July 1, 2025:

• Floating Rate Series B: $18.04 per share
• 5.625% Series F: $1,406.25 per share
• 4.450% Series G: $1,112.50 per share
• 4.5% Series H: $11.25 per share
• 6.875% Series J: $17.19 per share

Huntington Bancshares (HBAN) reported strong Q1 2025 results with net income of $527 million, or $0.34 EPS, marking a 26% increase year-over-year. Key performance highlights include:

- Net interest income grew 11% year-over-year and 2% quarter-over-quarter
- Average total loans increased 7% to $130.9 billion year-over-year
- Average deposits rose 7% to reach $10.9 billion year-over-year
- Noninterest income grew 6% year-over-year despite 12% quarterly decline

The bank demonstrated solid credit quality with net charge-offs at 0.26% and a nonperforming asset ratio of 0.61%. The Board approved a $1 billion share repurchase authorization. Capital position remained strong with CET1 ratio at 10.6% and tangible book value per share increasing 13% year-over-year to $8.80.

Capstone Partners has released its 2024 Middle Market M&A Valuations Index, revealing a stabilization in M&A activity despite ongoing challenges. Average middle market M&A valuations declined to 9.4x EV/EBITDA in 2024, down from 9.6x in 2023 and 9.9x in 2022.

Several sectors showed resilience with improved EBITDA purchase multiples, including Agriculture, Business Services, Consumer, Energy, Financial Technology & Services, Healthcare, and Industrial Technology. The share of deals closing at 10.0x EBITDA or higher increased by 56.3% in 2024.

Notable trends include:

• Average enterprise value of targets rose to $166.8 million in 2024 from $112.5 million in 2023
• Gross margins improved to 41.3% from 32.3% in 2023
• Interest coverage ratio increased to 4.3x from 3.7x in 2023
• Private equity platform acquisitions grew 4.7% YOY in 2024

Huntington Bancshares (Nasdaq: HBAN) has scheduled its first quarter 2025 earnings release for Thursday, April 17, 2025, before market opening. The company will host an earnings conference call at 11 a.m. ET on the same day.

Investors can access the earnings conference call and accompanying slides through a live webcast on Huntington's Investor Relations website or via telephone at (877) 407-8029 or (201) 689-8029 using conference ID #13752707. A replay will be available online and by phone through April 25, 2025, using the same conference ID.

Huntington Bancshares has announced a quarterly cash dividend declaration for its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). The Board of Directors has approved a dividend of $356.25 per share, which equals to $0.35625 per depositary share. The dividend will be payable on June 2, 2025, to shareholders recorded as of May 15, 2025.

Capstone Partners has released its Annual Consumer M&A Report, revealing a significant rebound in Consumer M&A activity during 2024 with promising outlook for 2025. The report highlights that approximately 70% of consumer M&A was conducted by corporations, while private equity accounted for ~30%, indicating strong corporate confidence in M&A as an ROI strategy.

In the public markets, sectors like Tactical, Home Goods, E-Commerce, and Sports Technology outperformed the S&P 500's 24% return in 2024. The ISM Manufacturing Index reached 50.9 in January 2025, marking the first expansion in 26 months, with new orders hitting their highest levels since 2022.

The report notes a rotation from Consumer Staples to Consumer Discretionary, with discretionary companies outperforming staples in recent months. Nearly two-thirds of middle market CEOs express optimism for 2025, up from 60% the previous year. The market is expected to strengthen further in 2025, driven by over $1 trillion in private equity dry powder and public companies actively pursuing strategic acquisitions.

Capstone Partners has promoted Crista Gilmore to Managing Director within the firm's Building Products & Construction Services Group. Gilmore, who joined the firm in 2017, brings over 15 years of experience in mergers & acquisitions advisory, public accounting, valuation, and corporate finance.

As a Certified Public Accountant and CFA Charterholder, Gilmore previously worked at KPMG LLP and a multi-strategy hedge fund. Her recent achievements include advising RK Electric on its sale to Huron Capital and facilitating Poulos & Bennett's partnership with Pape-Dawson Engineers. In 2021, she was recognized as an Emerging Leader by The M&A Advisor.

Capstone Partners has released its Annual Industrials M&A Report, revealing key insights into the sector's performance in 2024. The U.S. economy saw GDP growth of 2.8%, slightly down from 2.9% in 2023, primarily due to slower business investment.

Notable findings include:

• Construction spending rose 4.3% YOY to $2.2 trillion, driven by Infrastructure Investment and Jobs Act
• Strategic transactions dominated with 58.6% of deals, while private equity buyers accounted for 41.4%
• M&A valuations averaged 9.0x EV/EBITDA, with the Dow Jones Industrial Average ending at 16.4x EV/EBITDA
• Engineered Products (18.1x) and HVAC (17.1x) sectors showed strong performance, while Metals (7.5x) and Chemicals (7.3x) faced pressure

Huntington National Bank has secured 18 'Best Bank' awards in the 2025 Coalition Greenwich Awards for excellence in business and middle market banking services. The recognition spans across 10 awards in business banking and 8 awards in middle market banking, highlighting the bank's exceptional performance in customer service, relationship management, and cash management capabilities.

The awards, based on over 25,000 interviews with businesses across the U.S., acknowledge Huntington's strength in combining quality service with innovative digital banking tools. Notable achievements include recognition for customer satisfaction, long-term relationship values, and trust in both small business and middle market segments. The bank maintains its position as the nation's top SBA 7(a) loan originator by volume for the seventh consecutive year as of October 2024.

The evaluation methodology involved interviews with businesses having sales of $1-10 million for small business category and $10-500 million for middle market category, ensuring an objective, buy-side feedback-driven assessment process.