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 (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.
Huntington Bancshares Incorporated (Nasdaq: HBAN) will participate in the Nasdaq 43rd Virtual Investor Conference on December 2, 2020. The presentation is scheduled for 10:30-11:00 AM EST and will feature Steve Steinour and Zach Wasserman, who will discuss the bank's business performance and strategic initiatives. Investors can access the live audio on Huntington's website, where a replay will also be available. Huntington, based in Columbus, Ohio, has $120 billion in assets and operates 839 branches across seven states.
Huntington Bancshares Incorporated (Nasdaq: HBAN) is set to participate in the Bernstein Operational Decisions Conference on November 17, 2020, at 8:00 AM ET. Rich Porrello, President of Vehicle Finance and Dealer Services, will present virtually to analysts and investors, discussing the bank's business performance and strategic initiatives. The event will feature forward-looking statements. Investors can access the live audio presentation on Huntington's website, with an archived replay available following the event.
Huntington Bancshares released its inaugural Task Force on Climate-Related Financial Disclosures (TCFD) report on November 6, 2020. This report highlights the bank's commitment to addressing climate-related business risks and opportunities, enhancing transparency for investors and stakeholders. It accompanies Huntington's 2019 Environmental Social and Governance (ESG) report released in June 2020. With $120 billion in assets and a robust network of branches and ATMs, Huntington aims to integrate sustainability into its operations.
On November 3, 2020, Huntington Bancshares Incorporated (Nasdaq: HBAN) announced the pricing for its debt tender offer to purchase specific series of notes. The total consideration for each series is based on the yield of U.S. Treasury Securities, including a $30 early tender premium per $1,000 principal amount. The offer is limited to tender caps of $200 million and $300 million for different series. The tender offer expires on November 16, 2020, although the Company may not accept any tenders beyond the early tender deadline due to oversubscription.
Huntington Bancshares has announced early results of its recent debt tender offer, increasing the cap for its 2.300% Senior Notes due 2022 from $200 million to $300 million. As of November 2, 2020, around $1.1 billion of notes were tendered. The company accepted $200 million for the 3.150% Senior Notes and $299.995 million for the 2.300% Senior Notes. The early tender premium is $30 per $1,000 of notes. The tender offer is set to expire on November 16, 2020. Credit Suisse Securities is the Dealer Manager for this transaction.
Huntington Bancshares (Nasdaq: HBAN) will participate in the Bank of America Securities Future of Financials conference on November 9, 2020, at 8:50 AM ET. Key executives, including Steve Steinour and Zach Wasserman, will present virtually, discussing the company’s business performance and strategic initiatives. A live audio stream will be accessible via the investor relations section of Huntington's website, with a replay available afterward. Huntington is a regional bank holding company with approximately $120 billion in assets and operates 839 branches across seven states.
Huntington Bancshares (Nasdaq: HBAN) reported a net income of $303 million for Q3 2020, down 19% year-over-year, resulting in an earnings per share (EPS) of $0.27 (down 21%). Total revenue increased 5% to $1.252 billion, while net interest margin decreased to 2.96%. Average loans rose 7% to $80.5 billion, with core deposits up 14% to $90.7 billion. The bank allocated $177 million for credit loss provisions amid economic uncertainty. CEO Steve Steinour emphasized strong customer engagement and optimism for future growth.
Huntington Bancshares Incorporated (Nasdaq: HBAN) announced on October 20, 2020, the commencement of cash tender offers to purchase up to $200 million of its outstanding senior notes. The tender offers, outlined in an Offer to Purchase, are subject to certain conditions and will expire on November 16, 2020. Holders can receive an Early Tender Premium of $30 per $1,000 of notes if they tender by November 2, 2020. Funds for the purchase will come from available cash resources. Credit Suisse is the Dealer Manager for the tender offer.
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