Huntington Bancshares Inc Stock Price, News & Analysis

Huntington Bancshares (Nasdaq: HBAN) has announced its participation in the Goldman Sachs 2024 US Financial Services Conference on Wednesday, December 11, 2024. The company will be represented by Steve Steinour, chairman, president, and CEO, along with Zach Wasserman, CFO, who will present at 9:20 AM Eastern Time.

The presentation will focus on discussing business trends, financial performance, and strategic initiatives with analysts and investors.

Capstone Partners has launched its new Buy-Side M&A Advisory Group, appointing Kaity Templin as Director on the Sponsor Coverage Team to lead the initiative. The group will provide outsourced corporate development solutions and buy-side M&A retained search services, with a focus on add-on acquisition searches for sponsor-backed platforms.

The service pairs each retained search engagement with a sector-focused M&A banking expert, ensuring market-informed processes. The group comprises professionals experienced in industry research, company valuation, modeling, and financial statement analysis. This expansion is part of Capstone's 2025 strategy, working alongside their Business Development Team, Corporate Financing Groups, and senior M&A advisors.

The initiative responds to increased add-on activity in challenging market conditions, as sponsors focus on growing existing portfolios through strategic tuck-in acquisitions. Capstone plans significant team growth to achieve market leadership in this segment.

Capstone Partners has released its 2024 Middle Market Business Owners Survey Report, analyzing data from 404 privately-owned companies. Key findings reveal that 60.8% of CEOs concerned with inflation/interest rates are reducing business expenses, while 44.1% completed capital markets transactions in the past year.

The survey shows that 45% of business owners were approached by private equity firms for acquisition, and 49.5% plan to execute growth strategies in the next 12 months. Notable trends include a 17.1% increase in performance improvement needs and 37.9% of CEOs lacking exit planning. Economic optimism continues to decline, with only 15.3% of CEOs expressing a very positive outlook for 2024.

Huntington Bancshares (Nasdaq: HBAN) announced a reduction in its prime rate from 8% to 7.75%, effective November 8, 2024. This marks the second recent decrease in the bank's prime rate, following a previous reduction from 8.5% to 8% on September 19, 2024.

Huntington Bancshares (Nasdaq: HBAN) has announced its participation in the 2024 BancAnalysts Association of Boston Conference on November 7, 2024. Chief Financial Officer Zach Wasserman will deliver a presentation at 2:15 PM Eastern Time, focusing on business trends, financial performance, and strategic initiatives.

Huntington Bancshares Incorporated has announced its quarterly cash dividends for common and preferred stocks. The Board of Directors declared a $0.155 per share dividend on common stock (Nasdaq: HBAN), payable on January 2, 2025, to shareholders of record on December 18, 2024. This amount remains unchanged from the previous quarter.

Additionally, the company declared dividends on five series of preferred stocks, all payable on January 15, 2025, to shareholders of record on January 1, 2025:

• Floating Rate Series B: $19.02227465 per share
• 5.625% Series F: $1,406.25 per share
• 4.450% Series G: $1,112.50 per share
• 4.5% Series H: $11.25 per share
• 6.875% Series J: $17.19 per share

Huntington Bancshares Incorporated (HBAN) reported Q3 2024 earnings with EPS of $0.33, up $0.03 from the previous quarter but down $0.02 year-over-year. Key highlights include:

- Net interest income increased 3% quarter-over-quarter but decreased 1% year-over-year
- Noninterest income rose 7% quarter-over-quarter and 3% year-over-year
- Average total loans and leases grew 1% quarter-over-quarter and 3% year-over-year
- Average total deposits increased 2% quarter-over-quarter and 6% year-over-year
- Net charge-offs were 0.30% of average total loans and leases
- Common Equity Tier 1 (CET1) risk-based capital ratio remained stable at 10.4%
- Tangible book value per share increased 10% quarter-over-quarter and 21% year-over-year

CEO Steve Steinour highlighted sequential revenue and profit expansion, accelerated loan growth, and strong performance in value-added fee businesses.

Huntington Bancshares Incorporated (Nasdaq: HBAN) has announced details for its third quarter 2024 earnings call and updated its schedule for 2025 earnings release dates. The company will release Q3 2024 financial results on Thursday, October 17, 2024, before the market opens. A news release and financial data will be available on the company's Investor Relations website.

The earnings conference call is scheduled for 9 a.m. ET on the same day. Investors can access the call via webcast or by dialing (877) 407-8029 or (201) 689-8029 with conference ID #13749221. A replay will be available until October 25, 2024.

Huntington also provided updated 2025 earnings release dates for all quarters, with calls scheduled for 9 a.m. ET on January 17, April 18, July 18, and October 17, 2025.

Capstone Partners, a leading middle market investment banking firm, reports growing interest in construction safety management services within M&A markets. The firm recently advised Safe T Professionals, a construction-focused safety management consulting firm, on an investment from a strategic partner. This marks Capstone's second transaction in the safety sub-sector within the past 12 months.

Capstone's Environmental Health & Safety Market Update highlights increasing outsourcing of safety management services due to evolving and complex regulations. The report projects continued growth in buyer investment appetite through 2025 and beyond. Safe T Professionals, founded in 2011 and based in Chandler, AZ, specializes in safety consulting and manager outsourcing, with a focus on the semiconductor and EV industries.