Huntington Bancshares Inc Stock Price, News & Analysis

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.

Huntington Bancshares (Nasdaq: HBAN) has acquired Digital Payments Torana, Inc., enhancing its digital payment capabilities with the launch of Huntington ChoicePay. Located in San Francisco, Torana's cloud-based SaaS model allows for efficient, rapid distribution of digital payments to various end users. This acquisition aligns with Huntington's enterprise payments strategy, aiming to increase engagement with business clients in sectors like healthcare and insurance, while advancing its digital innovation roadmap. The financial terms of the transaction remain undisclosed.

Huntington Bancshares Incorporated has announced an increase in its prime rate from 3.5 percent to 4 percent, effective May 5, 2022. This adjustment follows a previous increase on March 17, 2022, where the rate was raised from 3.25 percent to 3.5 percent. With total assets of $177 billion, Huntington is a leading regional bank providing diverse financial services across 11 states from over 1,000 branches. The company remains committed to serving consumers and businesses through comprehensive banking and financial solutions.

Huntington Bancshares Incorporated (Nasdaq: HBAN) declared a quarterly cash dividend of $0.155 per common share, consistent with the previous quarter. This dividend is payable on July 1, 2022, to shareholders of record on June 17, 2022. Additionally, the Board announced cash dividends for five series of preferred stock, with amounts ranging from $9.36 to $1,425.00 per share, payable July 15, 2022, to respective record shareholders on July 1, 2022. Huntington, a $177 billion asset bank, provides various financial services across 11 states.