Huntington Bancshares Inc Stock Price, News & Analysis

Huntington Bancshares Incorporated (Nasdaq: HBAN) will release its 2021 first quarter earnings on April 22, 2021, before market open. Investors can access financial data in the Investor Relations section of the company’s website. A conference call will take place at 8:30 a.m. ET on the same day, available via live webcast or dial-in at (877) 407-8029 with conference ID 13716636. The company, headquartered in Columbus, Ohio, has $123 billion in assets and operates 839 branches across seven Midwestern states.

Huntington Bancshares (Nasdaq: HBAN) will participate in the 2021 RBC Capital Markets Financial Institutions Conference on March 10, 2021. CFO Zach Wasserman is set to present virtually at 10:40 AM ET, addressing the company's business, financial performance, and strategic initiatives, including forward-looking statements. Investors can access the live audio presentation through Huntington's website, with replays available later. Based in Columbus, Ohio, Huntington has $120 billion in assets and operates 839 branches across the Midwest.

On February 10, 2021, Huntington Bancshares Incorporated (Nasdaq: HBAN) announced key appointments to its Executive Leadership Team following its merger with TCF. Tom Shafer will join as co-President of Commercial Banking, overseeing Middle Market and Commercial Real Estate teams. Mike Jones will serve as Senior Executive Vice President, leading strategic growth in Minnesota and Colorado. Additionally, Donald Dennis was appointed Chief Diversity, Equity & Inclusion Officer, enhancing Huntington's commitment to diversity and education. The merger aims to create a stronger bank, leveraging combined expertise to expand in critical markets.

Huntington Bancshares announced a quarterly cash dividend of $0.15 per common share (Nasdaq: HBAN), payable on April 1, 2021, to shareholders of record on March 18, 2021. Additionally, the company declared dividends on several series of preferred stock, including $7.35312676 for Series B, $14.69 for Series C (Nasdaq: HBANN), $15.625 for Series D (Nasdaq: HBANO), and other series. All preferred dividends are payable on April 15, 2021, to shareholders of record on April 1, 2021.

Huntington Bancshares reported a challenging year in 2020, with net income of $817 million, down 42% from 2019, and EPS declining 46% to $0.69. Despite a 3% increase in total revenue to $4.8 billion, net interest margin fell to 2.99%. The bank saw a significant rise in noninterest income, driven largely by a 119% increase in mortgage banking income. The allowance for credit losses surged by 265% amid the pandemic's economic impact. However, the tangible book value per share increased 3% to $8.51. The company aims for strategic growth in 2021 through investments in technology and the acquisition of TCF Financial.

Huntington Bancshares Incorporated (Nasdaq: HBAN) plans to report its 2020 fourth quarter earnings on January 22, 2021, before market opening. Financial data will be available in the Investor Relations section of their website. Management will host an earnings conference call at 8:30 a.m. ET on the same day, accessible via live webcast or telephone. A replay will be available after the call. Huntington, headquartered in Columbus, Ohio, boasts $120 billion in assets and a network of 839 branches across seven Midwestern states.

Huntington launched its Support Local video series on Dec. 1, 2020, to highlight the resilience of small businesses during the pandemic. This campaign showcases real-life stories of business owners adapting to challenges. Huntington, the No. 1 SBA 7(a) lender, has implemented programs such as suspended late fees and processed thousands of PPP loan applications to aid small businesses. The initiative reflects Huntington's commitment to economic inclusion, backed by a $20 billion Community Plan to support local economies.

Huntington (Nasdaq: HBAN) announced a significant upgrade to its ATM network, replacing 400 machines by year-end with state-of-the-art Hyosung MoniPlus2S software. This upgrade enhances transaction speed and security, allowing customers to withdraw bills in various denominations. As of Q3 2020, Huntington operates 1,330 ATMs across seven Midwest states. The initiative, aimed at improving customer experience, also prepares for future enhancements, including tap-and-go authentication. This installation marks Hyosung America’s largest U.S. rollout of MoniPlus software across multiple ATM vendors.