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 (Nasdaq: HBAN) is a regional bank holding company headquartered in Columbus, Ohio, with roots dating back to 1866. Its news flow highlights activities across banking, payments, wealth management, and risk management services delivered through The Huntington National Bank and its affiliates. This page aggregates press releases, corporate announcements, and other media coverage related to HBAN stock and the Huntington organization.
Recent news emphasizes Huntington’s strategic growth through mergers and acquisitions. The company has entered into an Agreement and Plan of Merger under which Cadence Bank will merge with and into The Huntington National Bank, with Huntington’s bank as the surviving institution. Joint press releases and SEC filings report that all required regulatory approvals have been received and that shareholders of both companies have approved the transaction, with closing expected on or about February 1, 2026, subject to remaining conditions. Other releases describe regulatory approval and closing plans for the merger of Veritex Holdings, Inc. and its bank subsidiary into Huntington and The Huntington National Bank.
Investors following HBAN news will also see updates on dividends, prime rate changes, earnings calls, and conference presentations. Huntington has issued releases on quarterly cash dividends for its common and preferred stock, adjustments to its prime rate, and scheduling details for earnings conference calls and appearances at financial services conferences. Additional items include announcements involving subsidiaries such as Capstone Partners and references to wealth management affiliates that may become part of Huntington through mergers.
By reviewing this news feed, users can track how Huntington communicates with markets about strategic transactions, capital actions, and operating developments over time.
Capstone Partners announces the addition of Brent Krambeck and Brad Stewart as Senior Managing Directors to its Debt Advisory Group, enhancing its leadership and market position. Krambeck, with over 25 years of experience, specializes in middle market debt transactions, having previously worked at Monroe Credit Advisors, GE Capital, and Merrill Lynch. Stewart, with over 20 years in debt financing, was a Partner at Capital Solutions Group and has a successful track record in placing debt. The firm aims to address the growing demand for sophisticated debt advisory services in a challenging credit market as M&A activity is expected to rise in 2023.
Huntington Bancshares Incorporated (NASDAQ: HBAN) has announced an increase in its prime rate from 7.5% to 7.75%, effective February 2, 2023. This change follows a previous adjustment made on December 15, 2022, when the rate was raised to 7.5% from 7%. Huntington, a regional bank holding company headquartered in Columbus, Ohio, manages $183 billion in assets and operates over 1,000 branches across 11 states. The increase in the prime rate is significant as it reflects broader economic trends and could impact borrowing costs for consumers and businesses.
Huntington National Bank (Nasdaq: HBAN) has launched Huntington Home for Good, a new mortgage product aimed at facilitating homeownership in historically under-resourced communities. The program modifies credit criteria to enhance access, including the use of alternative credit, lower down payments, and higher debt-to-income limits. This initiative aligns with Huntington's commitment of over $40 billion to address economic inequities and promote generational wealth through homeownership. Initially available in Detroit, Illinois, and Wisconsin, the program aims to improve homeownership rates in marginalized communities.
On January 20, 2023, Huntington Bancshares Incorporated (Nasdaq: HBAN) announced a quarterly cash dividend of $0.155 per common share, consistent with the previous quarter. This dividend is payable on April 3, 2023, to shareholders recorded by March 20, 2023. Additionally, the Board declared cash dividends on five series of preferred stock, with varying amounts. The preferred dividends, including the 5.70% Series E at $1,425.00 per share, are payable on April 17, 2023, to shareholders of record on April 1, 2023. Huntington is a regional bank holding company with $183 billion in assets, headquartered in Columbus, Ohio.
Huntington Bancshares reported significant growth in its 2022 fourth-quarter financial results, showing a net income of $645 million or $0.42 per share, up $244 million year-over-year. Earnings per common share rose to $1.45 for the full year, an increase of $0.55. The bank's Pre-Provision Net Revenue (PPNR) surged $1.4 billion or 88% to $3.1 billion, mainly due to the acquisition of TCF Financial Corporation. Notably, Huntington's net interest income increased $58 million for the quarter. The Board authorized a $1 billion share repurchase program. The company remains well-capitalized with a CET1 ratio of 9.44%.
Huntington Bancshares Incorporated (Nasdaq: HBAN) will report its 2022 fourth quarter earnings on January 20, 2023, before market opening. The earnings report will be accessible on the company's Investor Relations website. Following this, a conference call is scheduled for 9:00 a.m. ET on the same day, which can be accessed online or via telephone at (877) 407-8029 with conference ID #13734972. A replay of the call will be available shortly thereafter until January 28, 2023.
Huntington Bancshares Incorporated (Nasdaq: HBAN) has increased its prime rate from 7 percent to 7.5 percent, effective December 15, 2022. This rate change follows the previous adjustment on November 3, 2022, when the rate was raised from 6.25 percent to 7 percent. Huntington, a regional bank holding company with assets of $179 billion, provides a range of banking and financial services across more than 1,000 branches in 11 states. The adjustment in the prime rate is a significant indicator of the bank's response to economic conditions.
Huntington National Bank has partnered with Magnusmode to create digital guides aimed at making banking more accessible for autistic and neurodiverse individuals. The guides, available for free through the MagnusCards app, utilize visual and audio instructions to assist users in performing standard banking tasks. Huntington's commitment to inclusivity is further emphasized through its Autism2Work program, aimed at providing employment opportunities for neurodivergent individuals. The initiative aligns with Huntington's goal to be a people-first, digitally powered bank.
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). The dividend is payable on March 1, 2023, to shareholders of record on February 15, 2023. Huntington, a regional bank holding company with $179 billion in assets, operates over 1,000 branches across 11 states, providing various banking and financial services.
Huntington Bancshares (Nasdaq: HBAN) will participate in the Goldman Sachs 2022 US Financial Services Conference on December 7, 2022. CEO Steve Steinour and CFO Zach Wasserman will present at 9:20 AM (ET), discussing the bank's business strategies and financial performance. Investors can access a live audio webcast on Huntington's investor relations website, with a replay available afterward. Huntington, headquartered in Columbus, Ohio, is a regional bank holding company with $179 billion in assets and over 1,000 branches across 11 states.