Huntington Bancshares Inc Stock Price, News & Analysis

Huntington Bancshares Incorporated (Nasdaq: HBAN) will report its 2022 third quarter earnings on October 21, 2022, before market opening. Financial data will be available on the company’s Investor Relations webpage. A conference call is scheduled for the same day at 9:00 a.m. ET, accessible via live webcast or by calling (877) 407-8029 with conference ID #13732539. The bank, with assets of $179 billion, operates over 1,000 branches across 11 states, providing a range of financial services.

Huntington National Bank, in partnership with PAi Retirement Services, has launched the Huntington 401(k) Center for Business, a retirement solution tailored for small and mid-sized businesses. This initiative provides comprehensive support for retirement plans, with Huntington serving as the fiduciary advisor for investment management and PAi managing plan administration. As the leading originator of SBA 7(a) loans for four consecutive years, Huntington aims to aid small businesses in efficiently managing their 401(k) plans amidst market volatility.

Capstone Partners has announced key leadership appointments across various industry groups following its merger with Huntington National Bank. The firm aims to enhance growth and acquisitions amidst market volatility. New leaders include Ian Cookson for Aerospace & Defense, Darin Good for Building Products, and David Michaels for Technology, Media & Telecom, among others. Collectively, these leaders bring extensive experience, having closed billions in transactions. Capstone offers a full suite of investment banking and financial advisory services and has over 175 professionals across the U.S.

Huntington Bancshares Incorporated (Nasdaq: HBAN) has announced an increase in its prime rate from 4.75% to 5.5%, effective July 28, 2022. This is the second increase this year, following a change on June 16, 2022, when the rate rose from 4% to 4.75%. The bank, with assets totaling $179 billion, provides a range of financial services across more than 1,000 branches in 11 states. This change may impact borrowing costs for consumers and businesses, reflecting broader economic trends.

Huntington Bancshares has declared a quarterly cash dividend of $0.155 per common share (Nasdaq: HBAN), unchanged from the previous quarter. This dividend is payable on October 3, 2022, to shareholders recorded by September 19, 2022. Additionally, five series of preferred stock dividends were announced, including $13.0300 for Series B and $11.25 for Series H (Nasdaq: HBANP), payable on October 17, 2022, to shareholders recorded by October 1, 2022. The bank, headquartered in Columbus, Ohio, has assets of $179 billion.

Huntington Bancshares (HBAN) reported a record net income of $539 million, or $0.35 per common share, for Q2 2022, reflecting a significant year-over-year increase. Adjusted EPS stands at $0.36, excluding notable items. Key drivers include a 10% increase in net interest income to $115 million, and a 3% rise in average loans and leases. Expenses were reduced by $35 million, leading to a 17% growth in pre-provision net revenue (PPNR). The bank achieved record low net charge-offs of 0.03% and completed strategic acquisitions to enhance growth.

Huntington Bancshares Incorporated (NASDAQ: HBAN) plans to report its 2022 second quarter earnings on July 21, 2022, before the market opens. A news release along with financial data will be accessible in the Investor Relations section of the company's website. Additionally, an earnings conference call will be held at 10:00 a.m. ET on the same day. The company, headquartered in Columbus, Ohio, operates over 1,000 branches across 11 states, offering a broad spectrum of banking and financial services to various clients.

Huntington Bancshares (Nasdaq: HBAN) announced that it has surpassed all minimum capital requirements in the Federal Reserve's 2022 Comprehensive Capital Analysis and Review (CCAR). The bank's modeled credit loss rate is 6.3%, lower than the peer median of 6.7%. CEO Stephen Steinour highlighted Huntington's strong balance sheet and ability to manage credit risk, which supports ongoing growth. The company's capital plan includes a proposed third quarter dividend of $0.155 per share, pending board approval.

Capstone Partners has appointed Peter Nam as the new Head of its Industrial Technology Investment Banking Group. With over 20 years of experience, including 15 years at Capstone, Nam will lead efforts to expand the team and pursue strategic acquisitions in the industrial technology sector, which Capstone views as a significant growth area. The firm has successfully closed numerous M&A transactions in this sector and aims to further enhance its advisory services. Capstone Partners is a subsidiary of Huntington Bancshares (NASDAQ: HBAN).