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.
Huntington has announced two new overdraft protection features: the 24-Hour Grace for Business and a No Overdraft Fee $50 Safety Zone. These initiatives aim to assist customers during the pandemic's economic challenges. The 24-Hour Grace allows customers to avoid overdraft fees if they deposit funds by the next business day. The $50 Safety Zone eliminates fees for overdrafts of $50 or less, up from a previous limit of $5. CEO Steve Steinour emphasizes that these changes reflect Huntington's commitment to customer financial well-being and follow a decade of its Fair Play Banking initiative.
Huntington Bancshares (HBAN) announced the launch of Money Scout, an innovative savings tool designed to help customers effortlessly set aside funds. By analyzing spending habits and income, Money Scout automatically transfers small amounts, ranging from $5 to $50, from checking to savings accounts. This initiative follows the bank's findings that finances are a significant stressor, compounded by the pandemic. Huntington also aims to enhance community financial stability through a $20 billion Community Plan over five years. The tool is integrated into the award-winning Huntington Mobile app and supports long-term financial health.
Huntington Bancshares will present at the Barclays Global Financial Services Conference on September 14, 2020, at 12:00 PM ET. Key executives, including Zach Wasserman, Chief Financial Officer, will discuss the company's business performance and strategic initiatives. Investors can access the live presentation via the investor relations section on Huntington's website, where a replay will also be archived. Huntington, headquartered in Columbus, Ohio, holds $118 billion in assets and operates 839 branches across seven Midwestern states.
Huntington Bancshares (Nasdaq: HBAN) and Michigan Governor Gretchen Whitmer announced a significant $5 billion commitment to enhance financial opportunities in Michigan over five years, as part of a larger $20 billion Community Plan. The initiative aims to support small businesses, particularly those owned by minorities, women, and veterans, along with promoting affordable housing and community lending. Specific programs will be announced soon. This investment underscores Huntington's dedication to socio-economic improvement in the state amidst challenges posed by the COVID-19 pandemic.
Huntington Bancshares has announced a $20 billion, five-year commitment aimed at enhancing financial opportunities across its seven-state Midwest footprint. This initiative, developed with community organizations, includes $7.6 billion for small businesses, focusing on minority, women, and veteran-owned businesses, and $7.5 billion for affordable housing and home ownership. An additional $4.9 billion will target community lending and investment. This plan reflects a $4 billion increase over its previous 2017 Community Development Plan, emphasizing Huntington's dedication to addressing racial and economic disparities.
Huntington (Nasdaq: HBAN) announces a partnership with BillGO to enhance electronic bill payment systems for consumers and businesses. The collaboration aims to improve payment processing speed, security, and transparency, offering features like real-time payments and instant confirmation. Huntington, with $118 billion in assets and 839 branches, seeks to innovate customer experiences through strategic partnerships. BillGO brings expertise in creating seamless payment solutions, targeting frustrations in traditional bill payment methods.
Huntington Bancshares reported a net income of $150 million for Q2 2020, a 59% decrease year-over-year. Earnings per share fell 61% to $0.13. Despite challenges from high credit provisions due to pandemic impacts, tangible book value rose 4% to $8.32. The bank funded over 37,000 PPP loans totaling $6 billion. Noninterest income increased 5%, primarily driven by mortgage banking, while average loans and core deposits grew by 7% and 13%, respectively. A cash dividend of $0.15 per share was declared, consistent with previous quarters.
Huntington Bancshares Incorporated (Nasdaq: HBAN) was notified by the Federal Reserve that its capital ratios meet the minimum requirements under the 2020 Comprehensive Capital Analysis and Review (CCAR). The bank's stress test results validate its ability to declare a quarterly dividend of $0.15, pending Board approval in July. The Federal Reserve will update stress scenarios for banks later this year due to COVID-19 impacts. Huntington emphasizes its commitment to strong capital management and liquidity, as well as its competitive standing among regional banks.
Huntington Bancshares (Nasdaq: HBAN) is set to report its 2020 second quarter earnings on July 23, 2020, before market opening. A detailed news release and financial data will be available on their website. Additionally, an earnings conference call will occur at 9:00 a.m. ET on the same day, accessible via webcast or by dialing (877) 407-8029 with conference ID 13704964. The bank, headquartered in Columbus, Ohio, manages assets of $114 billion and operates 839 branches across seven Midwestern states.
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