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 reports recurring developments as a regional bank holding company built around The Huntington National Bank and related affiliates. Company news covers consumer and commercial banking, payments, wealth management, risk management products, quarterly earnings communications, and cash dividends on common and preferred stock.
Updates also include commercial banking expansion in U.S. markets, consumer banking partnerships, and activity from Capstone Partners, Huntington's middle-market investment banking subsidiary. Capstone-related news commonly addresses M&A advisory, debt and equity placement, restructuring, special situations, valuation and fairness opinions, and sector reports on middle-market transaction activity.
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.
Huntington Private Bank, part of The Huntington National Bank's wealth-management division, has received two accolades at the 2024 Wealth for Good Awards. Recognized for its 'Internal Diversity and Inclusion Program' and 'Thought Leadership,' the awards highlight Huntington's commitment to fostering an inclusive environment and providing valuable financial insights to clients. The awards, judged by a panel of independent experts, honor companies demonstrating innovation and excellence. Director Melissa Holding emphasized the bank's investment in staff and client education as key differentiators. The bank serves high-net-worth individuals, families, and institutions with a variety of financial services.
Huntington Bancshares (Nasdaq: HBAN) announced that its second quarter 2024 financial results will be released before the market opens on Friday, July 19, 2024. Investors can access the news release and financial data on the company's Investor Relations website. Additionally, Huntington will conduct an earnings call at 8 a.m. ET on the same day, which can be accessed via a live webcast or by dialing in. The call will be archived on the company's website, with a telephone replay available until July 26, 2024.
Huntington Bancshares announced a quarterly cash dividend on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock. The dividend amounts to $356.25 per share or $0.35625 per depositary share. The dividend will be payable on September 3, 2024, to shareholders of record as of August 15, 2024.
Huntington Bancshares Incorporated (Nasdaq: HBAN) announced a temporary disruption in the live audio webcast of its presentation at the Morgan Stanley US Financials, Payments & CRE Conference due to a vendor error. The issue has been resolved, and a full replay of the presentation is now accessible in the 'Events and Presentations' section of the company's Investor Relations website.
Huntington Bancshares (Nasdaq: HBAN) announced its participation in the 2024 Morgan Stanley US Financials, Payments, and CRE Conference scheduled for June 10, 2024. Chief Financial Officer Zach Wasserman will present at 8:00 AM ET, covering business trends, financial performance, and strategic initiatives.