Huntington Bancshares Inc Stock Price, News & Analysis

Extra Duty Solutions (EDS) has secured a significant growth equity investment from Bregal Sagemount, a private equity firm focused on North American growth investments. Founded in 2015, EDS is a pioneer in off-duty program administration services and scheduling software for law enforcement agencies, operating in over 32 states.

The investment will fund strategic growth initiatives including technology enhancement, geographic expansion, and solution portfolio growth. As part of the deal, three Sagemount executives will join EDS's board of directors. The company was advised by Capstone Partners and Holland & Knight, while Sagemount was advised by Massumi & Consoli and Paul Weiss.

Capstone Partners has released its comprehensive 2025 Women Entrepreneurs Study, analyzing responses from over 200 female business owners across the U.S. The study reveals that 56% of women entrepreneurs experienced revenue growth in 2025 compared to 2024, with 66% expecting growth in 2026.

Key findings show that 20% of women entrepreneurs accessed debt capital in the last twelve months, while 32% secured equity capital for growth initiatives. Notably, 50.5% of female CEOs plan to prioritize inorganic growth strategies, compared to 41.5% of middle market business owners. The study also highlights that 75.7% of women CEOs have begun exit planning, with M&A concerns decreasing across multiple categories thanks to increased use of investment bankers.

Argent Institutional Trust Company (AITC) has announced a definitive agreement to acquire Huntington National Bank's (NASDAQ: HBAN) corporate trust and institutional custody business. The strategic acquisition includes the transfer of key client relationships, personnel, and operational infrastructure from Huntington to AITC. The deal will establish an ongoing relationship where AITC will provide corporate trust, escrow, and custody solutions to Huntington's business and commercial banking clients. Key Huntington personnel will transition to AITC, ensuring service continuity. The acquisition significantly expands AITC's institutional trust footprint and strengthens its position as a national leader in corporate trust and custody services. The integration is expected to be completed within months, with AITC maintaining its client-centered approach that has defined its 70-year history.

Huntington Bancshares Incorporated (HBAN) announced its participation in the Morgan Stanley US Financials Conference on June 11, 2025. Chief Financial Officer Zach Wasserman will deliver a presentation at 8:15 AM ET, covering business trends, financial performance, and strategic initiatives. The presentation will include forward-looking statements and will be accessible via live audio webcast through Huntington's investor relations website. A replay will be available on the website after the event.

Huntington National Bank (HBAN) has appointed Eric Wasserstrom as Executive Vice President, Head of Investor Relations, effective April 28, 2025. Wasserstrom brings over 20 years of financial services industry experience, most recently serving as Senior Vice President and Head of Global Investor Relations at Walgreens Boots Alliance. Previously, he held the position of Senior Vice President of Investor Relations and Enterprise Strategy at Discover Financial Services for four years.

In his new role, Wasserstrom will oversee investor relations, manage investment community engagement, and help develop strategies to enhance shareholder value. He succeeds Timothy Sedabres, who has transitioned to Head of Corporate and Strategic Finance at Huntington.

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.