Huntington Bancshares Inc Stock Price, News & Analysis

Huntington National Bank (Nasdaq: HBAN) announced its partnership with LiquidX to enhance its trade finance infrastructure. This collaboration aims to automate back-office processes, streamline supply chain finance operations, and improve payment reconciliation. Key features of the LiquidX solution include centralized data management, advanced business intelligence tools, and AI-driven reconciliation. The agreement allows Huntington to scale its business efficiently and focus on strategic initiatives. This partnership underscores Huntington's commitment to providing improved services to its trade finance customers.

Huntington Bancshares Incorporated declared a $0.155 quarterly cash dividend on common stock (Nasdaq: HBAN), payable on January 3, 2023, to shareholders of record as of December 19, 2022. Additionally, the board announced cash dividends for five series of preferred stock, with amounts ranging from $11.25 to $1,425.00 per share, payable on January 17, 2023. Huntington, an asset regional bank holding company with $179 billion in assets, operates over 1,000 branches across 11 states.

Huntington Bancshares Incorporated reported a record net income of $594 million, or $0.39 per share for Q3 2022, marking a $217 million increase year-over-year. Total revenue rose 9% sequentially, with net interest income up $143 million, reflecting an expanded net interest margin of 3.42%. Average total loans and leases increased by $3.0 billion. The company also achieved a record Common Equity Tier 1 ratio of 9.27%. These results depict robust growth and a strong balance sheet, positioning HBAN for long-term performance.

Huntington Bancshares (Nasdaq: HBAN) has supported 5,675 small businesses by providing nearly $1 billion in the last year, maintaining its position as the largest SBA 7(a) loan originator in the U.S. for five consecutive years. The bank offers various loan services to aid small businesses, including the Lift Local Business program, which has funded over 500 minority, woman, and veteran-owned businesses. Huntington is committed to equitable capital access and has a $40 billion Community Plan aimed at tackling economic inequities.

Huntington Bancshares Incorporated declared a quarterly cash dividend of $356.25 per share on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). This dividend is payable on December 1, 2022, to shareholders recorded by November 15, 2022. As a regional bank with $179 billion in assets, Huntington provides various financial services via over 1,000 branches across 11 states.

Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that CFO Zach Wasserman will present at the Barclays Global Financial Services Conference on September 12, 2022, at 9:00 AM ET. The presentation will cover the bank's business strategies, financial performance, and future initiatives. Interested investors can access the live webcast on Huntington's investor relations website, with a replay available afterward. Huntington, headquartered in Columbus, Ohio, is a regional bank holding company managing $179 billion in assets and serving various client sectors.