HBAN Stock Recent News

HBAN's Q3 results benefit from an increase in fee income, along with a rise in loan & deposit balances. However, lower NII and higher costs are concerns.

The headline numbers for Huntington Bancshares (HBAN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Huntington Bancshares (HBAN) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.36 per share a year ago.

Q3 Results Highlighted by Sequential Expansion of Net Interest Income and Fee Revenues, Sustained Loan and Deposit Growth, and Strong Credit Quality 2024  Third-Quarter Highlights: Earnings per common share (EPS) for the quarter were $0.33, higher by $0.03 from the prior quarter, and lower by $0.02 from the year-ago quarter. Net interest income increased $39 million, or 3%, from the prior quarter, and decreased $17 million, or 1%, from the year-ago quarter.

Rising costs and weakening asset quality are likely to hurt HBAN's Q3 results. Yet, a solid fee income and NII growth are likely to have offered some relief.

COLUMBUS, Ohio , Oct. 10, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will release third quarter 2024 financial results prior to the market opening on Thursday, October 17, 2024. A news release and supporting financial data will be available at that time on the Investor Relations section of the company's website (www.huntington-ir.com).

COLUMBUS, Ohio , Sept. 13, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors declared and set aside a quarterly cash dividend on the company's 5.70% Series I Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANM) of $356.25 per share (equivalent to $0.35625 per depositary share) payable December 2, 2024, to shareholders of record on November 15, 2024.

Experienced leader brings strong track record helping organizations navigate periods of growth and transformation COLUMBUS, Ohio , Sept. 12, 2024 /PRNewswire/ -- The Huntington National Bank ("Huntington") today announced Timothy Miller has been named executive vice president, chief communications officer (CCO).

HBAN is progressing well with its strategic initiatives to expand into high-growth markets to boost its loans and deposit balances.

Huntington Bank (HBAN) has acquired the naming rights to the stadium where the Cleveland Browns are set to kick off their NFL season against the Dallas Cowboys on Sunday.