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.
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.
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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.
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.