Huntington is a full-service banking provider primarily operating across an eleven-state banking franchise of Ohio, Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Pennsylvania, West Virginia, and Wisconsin. Below is a summary of how these 4 analysts rated Huntington . So what. View the latest Huntington Bancshares Inc. (HBAN) stock price, news, historical charts, analyst ratings and financial information from WSJ. The company is ranked 521st on the Fortune 500, and is 26th on the list of largest banks in the United States. Completed the cost synergy program related to the acquisition of TCF. Huntington has never been better positioned to navigate through various economic scenarios, with solid capital levels and top tier reserve profile guided by our aggregate moderate-to-low risk appetite through the cycle. Different privacy and security practices may apply. RT=Real-Time, EOD=End of Day,
The company was founded in 1866 and is headquartered in Columbus, OH. The Huntington National Bank is an Equal Housing Lender and Member FDIC. For complete information regarding our financials, see our periodic filings. Third-party product, service, and business names are trademarks and/or service marks of their respective owners. [53][54][55], In March 2015, the company acquired Michigan-based Macquarie Equipment Finance, Inc. from Sydney, Australia-based Macquarie Group for $458 million. Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio. Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Rating) was the recipient of unusually large options trading activity on Thursday. Were ready to help in person, online, or on the phone. Our colleagues share their favorite moments from time spent at West Broad Elementary School in Columbus, Ohio. Lending products are subject to credit application and approval. First Republic shares fall on net interest income miss; US Bancorp gains, Federal regulators look to update bank-merger rules amid fintech challenge, Banks raise less money from debt and equity deals in August. Fitch Affirms Large Regional Bank Ratings Following Industry Peer Review, Outlook Stable. Shares of Huntington Bancshares (HBAN-16.83%) are trading 7.3% down as of 11:00 a.m. We are committed to delivering top quartile financial performance to our shareholders and continuing to support all of our stakeholders," said Steinour. Als u uw keuzes wilt aanpassen, klik dan op 'Privacyinstellingen beheren'. Market Data powered by
[69] As part of the merger, the company also announced it would close 198 branches due to overlap. Earnings per common share (EPS) for the quarter were $0.42, an increase of $0.03 from the prior quarter. Our environmental, social, and governance initiatives incorporate our purpose, vision, and values. In the Banks - Regional industry, which ranks 122 out of 146 industries . Board of Directors approved a $1 billion share repurchase authorization for the next eight quarters. This document can be found on the Investor Relations section of Huntington's website, http://www.huntington.com. Huntington Bancshares (NASDAQ: HBAN) just reported its third-quarter earnings. , Key events shows relevant news articles on days with large price movements, Ownership of a fraction of a corporation and the right to claim a share of the corporation's assets and profits equal to the amount of stock owned, Headquartered in Columbus, Ohio, United States, The range between the high and low prices over the past day, The range between the high and low prices over the past 52 weeks. Huntington ranked #1 in Customer Satisfaction with Mobile Banking Apps among Regional Banks for four years in a row. Lending products are subject to credit application and approval. from 8 AM - 9 PM ET. We hope you agree. A safe, secure way to earn higher interest than a traditional savings account. Santa himself would have a hard time spreading more cheer than Jeff Szwagulak, a physical education teacher in Cleveland. [11] In 1915, the bank received limited trust powers. Data is a real-time snapshot *Data is delayed at least 15 minutes. S. takes it upon himself to see that every child in his school receives a presentand were talking about 500 students. In 1966, Huntington Bancshares Incorporated (HBI) was established as a bank holding company. To be a part of an award-winning team, visit huntington.com/Careers. In 1970, it also acquired the Bowling Green-based The Bank of Wood County Company, the Toledo-based The Lucas County State Bank, and Lagonda National Bank of Springfield. Huntington Bancshares 2023 Annual Meeting of Shareholders, Huntington Bancshares 2023 First Quarter Earnings Conference Call / Webcast, 2023 Bank of America Financial Services Conference Presentation. In 1979, a loan production office opened in Dayton, Ohio.[12]. "Our business is about having the right people in the right places. HBAN's short-term technical score of 13 indicates that the stock has traded less bullishly over the last month than 87% of stocks on the market. [12] Huntington acquired the tiny Savings Bank of Chillicothe, Ohio in the early 1980s, which gained some fame in 2011 when 100-year-old June Gregg revealed to Huntington officials that her father had opened a savings account for her as a baby with Savings Bank in 1913 and that she had subsequently kept the account open. You're about to leave huntington.com and go to a site Huntington doesn't control. The firm operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial Real Estate & Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Home Lending. There are currently no items in this Watchlist. On March 13, 2023, HBAN opened at $11.96, traded as high as $11.96 and as low as $10.56 . Founded in 1866, The Huntington National Bank and its . The call may be accessed via a live Internet webcast at the Investor Relations section of Huntington's website, www.huntington.com, or through a dial-in telephone number at (877)407-8029; Conference ID #13734972. The company's banking subsidiary, The Huntington National Bank, operates 1047 banking offices, primarily in the Midwest: 459 in Ohio, 290 in Michigan, 80 in Minnesota, 51 in Pennsylvania, 45 in Indiana, 35 in Illinois, 32 in Colorado, 29 in West Virginia, 16 in Wisconsin and 10 in Kentucky. Pre-Provision Net Revenue (PPNR) increased $36 million, or 4%, from the prior quarter to $893 million. [70] Regulators announced on May 26, 2021 that TCF Bank would be required by the Department of Justice to sell 13 branches in Michigan. The company's shares closed yesterday at $14.74.Ac Huntington Bancshares, Inc. operates as a bank holding company. Excluding Notable Items, adjusted PPNR increased $0.8 billion, or 36%, to $3.2 billion, reflecting the benefits of the TCF Financial Corporation ("TCF") acquisition and organic growth. 2022 Huntington Bancshares Incorporated. After your visit, would you be willing to provide some quick feedback? [10], Francis Huntington became president and provided active leadership for 14 years. "We are pleased to announce the completion of this combination with TCF and look forward to welcoming our new colleagues and customers to Huntington. Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio. Huntington's senior management will host an earnings conference call on January20, 2023, at 9:00a.m. (Eastern Time). March Madness for REITs? Our 2021 Strategic Community Plan pledges $40 billion to strengthen small businesses and foster economic justice throughout the banks footprint over the next five years. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and . 8,364,581, 8,781,955, 10,475,118, and others pending. Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio. The combination also marks Huntington's entrance into attractive markets in Minnesota and Colorado, as well as new businesses, including inventory finance lending. Huntington is proud to present Think Outside the Brick: The Creative Art of LEGO. Copyright 2023 MarketWatch, Inc. All rights reserved. How could they get it so wrong? After your visit, would you be willing to provide some quick feedback? Reported on 1/20/23. The Consumer and Business Banking segment provides an array of financial products and CNBC Special Pro Talks: Investor Anton Schutz on navigating the banking crisis, Four regional bank stocks for the brave to buy, according to UBS, These elite dividend payers have yields that can compete with bonds, Huntington Bancshares put volume heavy and directionally bearish, Early notable gainers among liquid option names on March 14th, RBC Capital Sticks to Its Buy Rating for Huntington Bancshares (HBAN), Huntington Bancshares price target lowered to $14.50 from $15 at Piper Sandler, Capstone Partners Continues to Acquire Senior Talent; Strengthens Transportation, Logistics & Supply Chain Group. Please enable JavaScript. [6], At the end of the 2021 fiscal year, Huntington was the nation's #1 originator of SBA 7(a) loans. The combined bank has $175 billion in assets. I feel like a sucker: I bought stock for $18 after an IPO. Learn more at huntington.com/App. Huntington Bancshares also operates Huntington Preferred Capital, Inc., a real estate investment trust (REIT). Analyst says banking crisis is over. Is it too soon to invest in bank stocks? The combination positions Huntington for enhanced profitability and scale, revenue growth opportunities, significant cost synergies, and a strengthened market position, all driving increased long-term shareholder value. On December 31, 2007, Huntington Preferred Capital paid common stock dividends consisting of cash and the stock of HPCLI to its common stock shareholders. Huntington Bancshares Incorporated's market cap currently stands at around $16.09 billion, with investors looking forward to this quarter's earnings report slated for Apr 19, 2023 - Apr 24, 2023. Analyst Report: Huntington Bancshares Incorporated Huntington Bancshares is a regional bank holding company headquartered in Columbus, Ohio. Huntington acquired the checks in 1983 when it purchased Union Commerce Bank and received several boxes of old documents, but weren't discovered until 2011 when a Huntington employee was looking through the documents.[67]. This browser is no longer supported at MarketWatch. Data delayed
In a report released on January 20, Jon Arfstrom from RBC Capital maintained a Buy rating on Huntington Bancshares (HBAN - Research Report), with a price target of $18.00. [56][57][58], In January 2016, Huntington announced it would purchase Akron-based FirstMerit Corporation for $3.4 billion, making the FirstMerit Tower in Akron, Ohio, have the Huntington word mark on it, and making it one of the largest banks in Ohio. The 24-Hour Grace system and method is patented. Learn More. Huntington Bancshares has all the characteristics you want to see when you evaluate a mid-sized bank. The company offers full service commercial, small business, and consumer banking services through more than 1,100 branches in 11 states. This list is generated from recent searches, followed securities, and other activity. The stock demonstrated a mixed performance when compared to some of its . [49][50][51][52], In September 2014, the company acquired 24 offices of Bank of America in Central Michigan, including the Port Huron, Flint, and Saginaw markets. Because at Huntington, grace is standard.. Wanneer u onze sites en apps gebruikt, gebruiken we, gebruikers authenticeren, veiligheidsmaatregelen toepassen en spam en misbruik voorkomen, en, gepersonaliseerde advertenties en content weergeven op basis van interesseprofielen, de effectiviteit meten van gepersonaliseerde advertenties en content, en, onze producten en services ontwikkelen en verbeteren. Third-party product, service and business names are trademarks and/or service marks of their respective owners. Subscriber Agreement & Terms of Use |
The combined company has approximately $175 billion in assets, $142 billion in deposits, and $116 billion in loans based on March 31, 2021, balances. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, other financial products and services. In the Banks - Regional industry, which ranks 119 out of 146 industries . Heres a final four for investors seeking dividend income. Rating Action Commentary / Wed 25 Jan, 2012. Huntington customers will not be impacted by the conversion. Welcome. Business line momentum continues in the new year and we are driving value for shareholders.". Demonstrates acumen in banking, sales, investments, consumer lending, business banking, business lending, customer service . Maintained solid credit quality with net charge-offs of 0.11% of average total loans and leases. Boasting a good industry rank (Top 3% out of over 250 industries) and a solid Zacks Rank, the company deserves attention right now. While First Republic's third-quarter earnings of $2.21 beat the target of $2.18 a share, its Capital markets issuance by U.S. banks fell to $4.65 billion in August, down nearly 28% from year-ago levels and a drop of 64% from July, S&P Global Market Intelligence said Tuesday. Our business is about having the right places for shareholders. `` Action Commentary / 25! Low as $ 11.96, traded as high as $ 11.96 and as low as $ 11.96 as! President and provided active leadership for 14 years a mid-sized bank of its the list largest. Recipient of unusually large options trading activity on Thursday ) stock price, news historical! Limited trust powers company was founded in 1866, the Huntington National bank is an bank! 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