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.
On November 4, 2021, Black Knight (NYSE:BKI) announced that Huntington National Bank renewed its contract for the MSP loan servicing system. The renewal signifies a strong partnership as Huntington seeks growth in its consumer real estate loan portfolio. Black Knight will also provide additional solutions, including Servicing Digital, enhancing customer engagement and streamlining mortgage processes. The deal includes data analytics tools like McDash reports for better portfolio management.
Huntington Bancshares (HBAN) reported its Q3 2021 earnings with a net income of $377 million, reflecting a $74 million increase year-over-year. Earnings per share (EPS) were $0.22, down $0.05 year-over-year, but adjusted EPS reached $0.35 after excluding $0.13 in acquisition-related costs. Total revenue soared 32% to a record $1.7 billion, driven by the TCF acquisition. The company repurchased $500 million of common stock and increased its dividend to $0.155 per share. Key metrics include a tangible book value of $8.10 and a 0.86% return on average assets.
Huntington Bancshares announced a quarterly cash dividend of $0.155 per common share, reflecting a 3% increase from the previous quarter. The dividend, payable on January 3, 2022, benefits shareholders on record by December 17, 2021. Additionally, quarterly dividends were declared for five series of preferred stock, with the highest being $1,425.00 per share for Series E. These dividends are payable on January 18, 2022. The increase in dividend supports the capital allocation strategy and showcases confidence in future growth.
Huntington National Bank (NASDAQ: HBAN) has been recognized as the largest originator of Small Business Administration (SBA) 7(a) loans in the United States for the fourth consecutive year, demonstrating its strong commitment to small businesses. For fiscal year 2021, Huntington facilitated 47,000 Paycheck Protection Program loans and supported a substantial number of businesses across its footprint states, with Ohio leading at 1,998 loans totaling $366 million. The bank is also expanding its presence in Minnesota and Colorado and has pledged $40 billion toward community investments, reinforcing its dedication to financial inclusion.
Huntington Bancshares (Nasdaq: HBAN) will report its Q3 2021 earnings on October 28, 2021, prior to market opening, alongside a news release and financial data. A conference call will occur on the same day at 10:00 a.m. ET, accessible via webcast and phone at (877) 407-8029 with conference ID 13723641. Huntington, headquartered in Columbus, Ohio, manages assets totaling $175 billion and operates over 1,200 branches across 12 states, offering comprehensive banking services.
Huntington Bancshares has declared a quarterly cash dividend of $356.25 per share on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). The dividend, which equates to $0.35625 per depositary share, will be payable on December 1, 2021 to shareholders who are on record as of November 15, 2021.
This reflects the company's ongoing commitment to provide returns to its shareholders amidst its operations as a significant regional bank with assets totaling $175 billion.
Huntington (Nasdaq: HBAN) has appointed Aaron Sporck to lead its middle market banking efforts in West Virginia. This strategic move aims to enhance the bank's commercial banking services, including lending and treasury management. Sporck, with over 20 years of public service experience, previously served as Director of Economic Development for Senator Shelley Moore Capito. His commitment to fostering economic growth positions him well for this role. Huntington Bancshares, a $175 billion asset regional bank, continues to expand its footprint, operating over 1,200 branches across 12 states.
Huntington Bancshares (Nasdaq: HBAN) announced the redemption of all 4,000,000 outstanding depositary shares of its 5.875% Series C Non-Cumulative Perpetual Preferred Stock on October 15, 2021. Each depositary share will be redeemed at a price of $25.00, along with declared and unpaid dividends of $0.36725 per share, covering the period from July 15, 2021 to October 15, 2021. After the redemption date, dividends will cease to accrue. The shares are held through the Depository Trust Company, following standard redemption procedures.
Huntington Bancshares Incorporated (Nasdaq: HBAN) announced its participation in the Barclays Global Financial Services Conference on September 13, 2021. Zach Wasserman, CFO, will present virtually at 11:15 AM ET, discussing business trends, financial performance, and strategic initiatives. A moderated Q&A session will follow. Interested investors can access the live presentation via Huntington's investor relations page, with a replay available later. As a regional bank holding company with $175 billion in assets, Huntington operates over 1,200 branches across 12 states.
Huntington Bancshares has extended the early participation date for its private exchange offers for certain subordinated notes. The new deadline is set for September 3, 2021. Holders of old notes can exchange them for 2.487% Fixed-to-Fixed Rate Subordinated Notes due 2036. As of August 20, 2021, approximately $60 million of new notes are expected to be issued. An early participation amount of $30 will be included in the total consideration for each $1,000 principal amount of old notes. The withdrawal date remains unchanged.