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 reports recurring developments as a regional bank holding company built around The Huntington National Bank and related affiliates. Company news covers consumer and commercial banking, payments, wealth management, risk management products, quarterly earnings communications, and cash dividends on common and preferred stock.
Updates also include commercial banking expansion in U.S. markets, consumer banking partnerships, and activity from Capstone Partners, Huntington's middle-market investment banking subsidiary. Capstone-related news commonly addresses M&A advisory, debt and equity placement, restructuring, special situations, valuation and fairness opinions, and sector reports on middle-market transaction activity.
Huntington Bancshares Incorporated (Nasdaq: HBAN) is set to report its 2021 fourth quarter earnings on January 21, 2022, before market opening. This announcement follows the bank's ongoing commitment to transparency. Investors can access the earnings news release and financial data on the Investor Relations section of the company's website. Additionally, management will host an earnings conference call at 8:30 a.m. ET that day, available via a live Internet webcast and telephone dial-in. The bank, with assets of $174 billion, operates over 1,100 branches across 12 states.
Huntington Bancshares Incorporated 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 is payable on March 1, 2022, to shareholders of record as of February 15, 2022. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Huntington Bancshares, a $174 billion asset regional bank, operates over 1,100 branches across 12 states, offering a diverse range of banking and financial services.
Huntington Bancshares (Nasdaq: HBAN) will participate in the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021. The presentation, led by CEO Steve Steinour and CFO Zach Wasserman, is scheduled for 3:40 PM ET and will address business performance and strategic initiatives, including forward-looking statements.
Investors can access the live audio presentation on Huntington's website, with a replay available afterward. Huntington Bancshares is a regional bank holding company with $174 billion in assets and over 1,100 branches across 12 states.
Huntington National Bank (Nasdaq: HBAN) urges consumers to support local businesses this holiday season, emphasizing their critical role in economic development. A 2021 SBA report highlights that small businesses make up 99% of U.S. businesses, employing nearly 47% of the workforce. Huntington is committed to assisting small businesses, especially minority-, women-, and veteran-owned, through its Lift Local Business program, which secured $22 million in loans in its first year. The bank also prioritizes cybersecurity resources for small businesses as they face increasing digital threats.
Huntington Bancshares will present at the 2021 Bank of America Securities Banking and Financials Conference on November 10, 2021, at 11:20 AM ET. Chief Financial Officer Zach Wasserman will address analysts and investors about the company's business, financial performance, and strategic initiatives. The presentation will include forward-looking statements. Interested parties can access the live audio presentation on Huntington's investor relations website, with an archived replay available afterwards.
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.