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 (Nasdaq: HBAN) has announced its participation in the upcoming UBS Financial Services Conference on Monday, February 10, 2025. The company will be represented by key executives including Zach Wasserman (Chief Financial Officer), Brant Standridge (President, Consumer and Regional Banking), and Scott Kleinman (President, Commercial Banking).
The presentation is scheduled for 8:50 AM Eastern Time, where the executives will provide insights into business trends, financial performance, and strategic initiatives.
Huntington Bancshares (Nasdaq: HBAN) has announced plans to host an Investor Day on February 6, 2025, in New York City. The event will feature presentations from chairman, president and chief executive officer Stephen Steinour along with other members of Huntington's management team.
The presentations are scheduled to run from 8:30 a.m. ET to approximately 1 p.m. ET. While in-person attendance is to invited institutional investors and analysts, the event will be accessible to the public through a live audio webcast on Huntington's Investor Relations website. Presentation slides will also be available, and a replay of the webcast will be provided on the same platform after the event.
Huntington Bancshares (Nasdaq: HBAN) has announced its quarterly dividend declarations. The Board of Directors maintained the common stock dividend at $0.155 per share, payable April 1, 2025, to shareholders of record on March 18, 2025.
The company also declared quarterly dividends on five series of preferred stock, all payable April 15, 2025, to shareholders of record on April 1, 2025:
- Floating Rate Series B: $18.16 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 (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 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 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 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.