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 (Nasdaq: HBAN) reported Q1 2022 net income of $460 million, or $0.29 per share, reflecting a $72 million decline from Q1 2021. Adjusted EPS was $0.32. Key highlights include a 1% increase in net interest income ($14 million), a 14% reduction in noninterest expenses ($168 million), and a 2% rise in average total loans and leases ($1.7 billion). The bank also announced an acquisition agreement for Capstone Partners, expected to close in Q2. Performance metrics show a return on average assets at 1.05% and return on average common equity at 10.4%. Overall, the outlook remains optimistic for continued growth.
Huntington Bancshares announced 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 June 1, 2022, to shareholders of record on May 15, 2022. The company, headquartered in Columbus, Ohio, manages $174 billion in assets and operates over 1,000 branches in 11 states, offering a wide range of banking and financial services.
Huntington Bancshares Incorporated (Nasdaq: HBAN) will report its 2022 first quarter earnings on April 21, 2022, before the market opens. The earnings announcement will be accompanied by supporting financial data available on the company's Investor Relations website. Following the release, management will host an earnings conference call at 9:00 a.m. ET, allowing investors to participate via a live webcast or a dial-in number. A recording will be accessible for two weeks after the call.
Huntington Bancshares Incorporated (Nasdaq: HBAN) has announced an increase in its prime rate from 3.25% to 3.50%, effective March 17, 2022. This marks the first adjustment since March 16, 2020, when the rate was reduced. The regional bank, headquartered in Columbus, Ohio, manages assets worth $174 billion and offers a wide array of financial services across more than 1,000 branches in 11 states. The increase in the prime rate could affect loan interest rates for consumers and businesses, potentially influencing borrowing costs and lending activity.
Huntington Bancshares, Inc. (Nasdaq: HBAN) announced that Brant J. Standridge will join as President of Consumer & Business Banking starting in early April 2022. Standridge previously served at Truist Financial as Chief Retail Community Banking Officer, overseeing a national branch network. His expertise includes driving customer satisfaction and digital adoption. He aims to enhance Huntington's growth while focusing on consumer and business banking strategies. Standridge holds a bachelor's degree from the University of Georgia and is completing his MBA at Emory University.
Huntington Bancshares has launched a new Cashback Credit Card designed to provide customers with greater flexibility and simplified rewards. Cardholders can earn 1.5% unlimited cash back on all purchases, with easy redemption options including automatic monthly statement credits. The card features
- No annual or foreign transaction fees
- No minimum redemption requirement
- Rewards that do not expire
- Mastercard World Elite benefits
- Huntington Late Fee Grace
On March 4, 2022, Huntington National Bank, a subsidiary of Huntington Bancshares (Nasdaq: HBAN), announced its membership with the Partnership for Carbon Accounting Financials (PCAF). This move emphasizes the bank's commitment to Environmental, Social, and Governance (ESG) initiatives, particularly in climate and sustainability efforts. Huntington has successfully reduced Scope 1 and Scope 2 greenhouse gas emissions by 35% since 2017 and aims to source 50% of its electricity from renewable sources by 2035. The bank also pledged $40 billion towards its Strategic Community Plan, which addresses environmental and racial equity challenges.
Huntington Bancshares Incorporated (Nasdaq: HBAN) will present at the 2022 RBC Capital Markets Global Financial Institutions Conference on March 9, 2022, at 11:20 AM (Eastern Time). Zach Wasserman, CFO, and Scott Kleinman, co-president of commercial banking, will discuss the company's business performance and strategies via a live webcast accessible on their investor relations website. The bank, with $174 billion in assets, operates over 1,000 branches in 12 states, providing a full range of financial services.
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