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) 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.
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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.