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Huntington Bancshares, Inc. - HBAN STOCK NEWS

Welcome to our dedicated news page for Huntington Bancshares (Ticker: HBAN), a resource for investors and traders seeking the latest updates and insights on Huntington Bancshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Huntington Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Huntington Bancshares's position in the market.

Rhea-AI Summary
Huntington Bancshares Incorporated has declared a quarterly cash dividend on its common stock (Nasdaq: HBAN) of $0.155 per share, unchanged from the prior quarter. The common stock dividend is payable on July 1, 2024. Additionally, dividends were declared on six series of preferred stock.
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Huntington Bancshares Incorporated reported net income of $419 million for the 2024 first quarter, with earnings per common share at $0.26, showing a significant increase from the prior quarter. The company experienced sustained deposit and loan growth, coupled with strong credit quality. Net interest income decreased by $29 million, while noninterest income increased by $62 million. The company maintained a solid financial position with $94 billion in cash and cash equivalents. Average total deposits and loans showed positive growth trends. Huntington received multiple awards for excellence in banking services. CEO Steve Steinour expressed confidence in the company's growth prospects and credit quality.
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Huntington Bancshares Incorporated (HBAN) announced conference calls to review quarterly financial results from 2024 to 2026. The calls will be held on specific dates and times, with financial data released prior to the market opening. Investors can access the webcasts and slides on the company's website or via dial-in numbers.
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Huntington Bancshares Incorporated declares quarterly cash dividend on Series I Non-Cumulative Perpetual Preferred Stock.
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Huntington National Bank's Lift Local Business program wins the 2024 Joe Belew Award for supporting minority-, woman-, and veteran-owned small businesses. The program offers funding, business planning support, and financial education, benefiting over 1,450 businesses with $101 million in loans.
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The Huntington National Bank received seven awards from Coalition Greenwich for its exceptional banking, financing, and investing services to small businesses and middle market companies. The awards recognize Huntington's commitment to customer service, trust, and long-term relationships, as well as its excellence in cash management and providing valuable insights to optimize business performance. The bank's middle market and business banking teams were both honored for their outstanding performance in various categories, showcasing their dedication to serving clients and supporting small businesses.
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Capstone Partners' 2023 Middle Market M&A Valuations Index reveals a decline in average M&A valuations to 9.6x EV/EBITDA due to transaction costs, cash flow uncertainties, and a reserved private equity buyer pool. While some deals transacted at premium valuations, the median EBITDA multiple fell to 8.0x EV/EBITDA. However, certain industries showed improvement in purchase multiples, indicating resilience and recovery prospects for 2024.
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2.18%
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Capstone Partners releases its 2023 Annual Consumer M&A Report, highlighting consumer spending trends, M&A activity, and outlook for 2024. Personal savings increased 46.4% YOY, leading to strong GDP growth. Services spending outpaced goods spending in 2023, impacting M&A markets. The report discusses the Federal Reserve's monetary policy and predicts a robust Consumer dealmaking market in 2024.
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Capstone Partners released its 2023 Annual Industrials M&A Report, highlighting insights on public market valuations, economic climate, and M&A activity. The report discusses sector performance, market trends, and outlook for 2024.
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The Huntington National Bank announced the retirement of Chief Human Resources Officer Raj Syal, to be succeeded by Sarah Pohmer. Syal's 37-year career spans major financial institutions, with significant contributions to Huntington's colleague-centric culture. Pohmer, previously with JPMorgan Chase, brings extensive HR experience to further enhance Huntington's cultural and colleague experience journey.
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Huntington Bancshares, Inc.

Nasdaq:HBAN

HBAN Rankings

HBAN Stock Data

19.38B
1.44B
0.92%
82.08%
1.85%
Commercial Banking
Finance and Insurance
Link
US
Columbus

About HBAN

huntington bancshares incorporated is a $70 billion asset regional bank holding company headquartered in columbus, ohio, with a network of more than 750 branches and more than 1,500 atms across six midwestern states. founded in 1866, the huntington national bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. huntington also provides auto dealer, equipment finance, national settlement and capital market services that extend beyond its core states. visit huntington.com for more information. the huntington national bank, member fdic. the logo mark and huntington® are federally registered service marks of huntington bancshares incorporated. huntington social media community guidelines: http://bit.ly/huntingtonsocialmedia