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 Bancshares (HBAN) reported strong Q4 2024 results with earnings per share of $0.34, up $0.01 from Q3 and $0.19 from the year-ago quarter. The bank achieved record fee income and significant loan growth, with net interest income increasing $44 million (3%) quarterly and $79 million (6%) yearly.
Key highlights include: average total loans increased $3.7 billion (3%) quarterly to $128.2 billion; average deposits grew $2.9 billion (2%) quarterly; noninterest income rose $36 million (7%) to $559 million quarterly. The bank maintained strong credit quality with net charge-offs at 0.30% and a nonperforming asset ratio of 0.63%. The Common Equity Tier 1 ratio improved to 10.5%, while tangible book value per share was $8.33.
Huntington Bancshares (Nasdaq: HBAN) has announced its upcoming earnings release schedule. The company will release its fourth quarter 2024 financial results before market opening on Friday, January 17, 2025, followed by a conference call at 9 a.m. ET to discuss the results.
Investors can access the earnings conference call through a live webcast on Huntington's Investor Relations website or via telephone at (877) 407-8029 or (201) 689-8029 using conference ID #13750835. A replay will be available through January 25, 2025. Additionally, the company has scheduled its first quarter 2025 earnings release and conference call for Thursday, April 17, 2025 at 11 a.m. ET.
Huntington Bancshares (Nasdaq: HBAN) has issued a correction to its earnings announcement schedule. The company will release its fourth quarter 2024 financial results before market opening on Friday, January 17, 2025. The correction addresses an earlier release that incorrectly referenced third quarter results.
The company will host a conference call to discuss the quarterly results at 9 a.m. ET. Investors can access the call through a live webcast on Huntington's Investor Relations website or via telephone at (877) 407-8029 or (201) 689-8029 with conference ID #13750835. A replay will be available through January 25, 2025.
Additionally, Huntington has announced that its first quarter 2025 earnings release and conference call will take place on Thursday, April 17, 2025, at 11 a.m. ET.
Huntington Bancshares (Nasdaq: HBAN) has announced a reduction in its prime rate from 7.75% to 7.5%, effective December 19, 2024. This marks the second recent decrease in the bank's prime rate, following a previous reduction from 8% to 7.75% on November 8, 2024.
Huntington Bancshares announced a quarterly cash dividend declaration for its 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM). The dividend amount is set at $356.25 per share, equivalent to $0.35625 per depositary share. The dividend will be payable on March 3, 2025, to shareholders recorded as of February 15, 2025.
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.
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