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.
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.
Huntington Bancshares Incorporated (Nasdaq: HBAN) will present at the 2022 RBC Capital Markets Global Financial Institutions Conference on March 9, 2022, at 11:20 AM (Eastern Time). Zach Wasserman, CFO, and Scott Kleinman, co-president of commercial banking, will discuss the company's business performance and strategies via a live webcast accessible on their investor relations website. The bank, with $174 billion in assets, operates over 1,000 branches in 12 states, providing a full range of financial services.
Huntington Bancshares (Nasdaq: HBAN) announced a definitive agreement to acquire Capstone Partners, a leading investment banking and advisory firm for middle market companies. The acquisition aims to enhance Huntington's Capital Markets strategic plan, allowing it to better serve middle market clients and expand its national footprint. Capstone, ranked among top U.S. advisors for middle market M&A, will strengthen Huntington's advisory services. The transaction is expected to close in Q2 2022, pending regulatory approvals. Financial terms were not disclosed.
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Huntington Bancshares declared a quarterly cash dividend of $0.155 per common share, maintaining the same rate as the previous quarter. This dividend is to be paid on April 1, 2022, to shareholders on record as of March 18, 2022. Additionally, the Board announced quarterly cash dividends on five series of preferred stock, with payment scheduled for April 15, 2022. The preferred dividends range from $7.3479 to $1,425.00 per share. Huntington, based in Columbus, Ohio, manages assets totaling $174 billion.
Huntington Bancshares reported its Q4 2021 earnings, achieving $401 million in net income, a 59% increase year-over-year. EPS decreased to $0.26, down $0.01 from Q4 2020. Adjusted EPS was $0.36 after accounting for notable items. Total revenue rose 24% to $6 billion for 2021, driven by the TCF acquisition. Total loans increased 1% to $111.9 billion. The company repurchased $150 million in common stock and increased its dividend by 3.3%. CEO Steve Steinour expressed confidence in continued growth through 2022.
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.