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 Inc (NASDAQ: HBAN) provides comprehensive banking services across the Midwest through its consumer, commercial, and wealth management divisions. This news hub delivers timely updates on material developments affecting this regional banking leader.
Access consolidated coverage of HBAN's financial performance, strategic initiatives, and market positioning. Track earnings announcements, leadership changes, regulatory filings, and operational milestones relevant to investors and industry observers.
Our curated news collection features press releases on consumer banking innovations, commercial lending expansions, and treasury management solutions. Stay informed about dividend declarations, capital management strategies, and community development programs across HBAN's seven-state footprint.
Bookmark this page for ongoing insights into Huntington's financial health and market strategies. Check regularly for verified updates on one of the Midwest's most established banking institutions.
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).
Huntington Bancshares Incorporated has 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 September 1, 2022, to shareholders of record as of August 15, 2022. With total assets of $174 billion, Huntington is a regional bank holding company based in Columbus, Ohio, operating over 1,000 branches across 11 states, providing a variety of financial services.
Huntington Bancshares (Nasdaq: HBAN) has completed its acquisition of Capstone Partners, enhancing its investment banking and financial advisory capabilities. This strategic move expands Huntington's full-service middle market offerings and provides a unified suite of banking solutions across various sectors. Capstone's expertise in M&A, capital advisory, and financial restructuring will bolster Huntington's services, particularly in emerging markets. This acquisition aims to elevate Huntington's position as a trusted advisor to middle market clients nationwide.
Huntington Bancshares Incorporated (Nasdaq: HBAN) announced an increase in its prime rate from 4 percent to 4.75 percent, effective June 16, 2022. This adjustment follows a previous increase on May 5, 2022, when the rate was raised from 3.5 percent to 4 percent. As a regional bank holding company with $177 billion in assets, Huntington operates over 1,000 branches across 11 states, providing a wide range of banking and financial services to various clients.
Huntington Bancshares (Nasdaq: HBAN) will present at the 2022 Morgan Stanley US Financials, Payments, & CRE Conference on June 15, 2022, at 1:45 PM ET. CFO Zach Wasserman and Co-President Scott Kleinman will lead the webcast, discussing the bank's business and strategic initiatives, including forward-looking statements. Interested investors can access the live audio presentation on the company’s investor relations website, with a replay available afterward. Huntington, based in Columbus, Ohio, manages $177 billion in assets and operates over 1,000 branches across 11 states.
Huntington Bancshares (Nasdaq: HBAN) has established a new enterprise payments organization to enhance its payments strategy and investment roadmap. Amit Dhingra has been appointed as Enterprise Payments Director to lead this initiative. The organization aims to boost revenue from payments and improve customer experiences across various payment platforms. This development follows Huntington's acquisition of Digital Payments Torana in May, signaling a focus on innovation in the payments sector.
FAQ
What is the current stock price of Huntington Bancshares (HBAN)?
What is the market cap of Huntington Bancshares (HBAN)?
