HBAN Stock Recent News

BOSTON , Aug. 26, 2024 /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, has announced a significant appointment within its management team.  Ken Wasik , Managing Director and Head of Consumer Products Banking, will now also serve as Co-Head of Investment Banking.

COLUMBUS, Ohio , Aug. 20, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will participate in the 2024 Barclays Global Financial Services Conference on Monday, September 9, 2024.  Zach Wasserman, chief financial officer, and Brant Standridge, president of Consumer and Regional Banking, are scheduled to present to analysts and investors at 9:00 AM (Eastern Time).

Huntington Bancshares shares have risen by 24% in the past year, outperforming the market with a 15% return since my recent buy recommendation. Strong Q2 results show solid deposit growth and loan performance, positioning HBAN for further earnings growth in 2025. Despite a higher valuation, HBAN's strong credit quality and limited CRE losses make it a safer investment with potential for modest multiple expansions.

COLUMBUS, Ohio , July 19, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.155 per common share, unchanged from the prior quarter.  The common stock cash dividend is payable October 1, 2024, to shareholders of record on September 17, 2024.

Huntington Bancshares Incorporated exceeded Q2 earnings expectations with a net income of $474 million. Loans and deposits continue to grow, with average total deposits increasing by $2.9 billion. Asset quality metrics for Huntington Bancshares are mixed, with net charge-offs improving but nonperforming assets to total assets rising.

Huntington's (HBAN) Q2 results reflect improvements in average loans and deposits. However, a fall in NII and elevated expenses are a headwind.

Huntington Bancshares Incorporated (NASDAQ:HBAN ) Q2 2024 Earnings Conference Call July 19, 2024 8:00 AM ET Company Participants Tim Sedabres - Director, Investor Relations Steve Steinour - Chairman, President and CEO Zach Wasserman - Chief Financial Officer Brendan Lawlor - Chief Credit Officer Conference Call Participants Manan Gosalia - Morgan Stanley Erika Najarian - UBS Steven Alexopoulos - JPMorgan Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Jon Arfstrom - RBC Capital Markets Peter Winter - D.A. Davidson Greetings, welcome to the Huntington Bancshares Second Quarter 2024 Earnings Conference Call.

The headline numbers for Huntington Bancshares (HBAN) give insight into how the company performed in the quarter ended June 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 $0.30 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.35 per share a year ago.

Escalating expenses and weakening asset quality are likely to have hurt Huntington's (HBAN) second-quarter performance. A rise in fee income and NII are likely to have offered some support.