Huntington Bancshares News: Company Information and Earnings Calls

Huntington Bancshares is a leading bank holding company in the United States, with a long history dating back to 1866. The company has undergone significant transformations over the years, including a major merger with FirstMerit Corporation in 2016.

Huntington Bancshares has a strong presence in the Midwest region, with operations in eight states including Ohio, Michigan, Illinois, Indiana, Pennsylvania, West Virginia, Kentucky, and Wisconsin. Its headquarters is located in Columbus, Ohio.

The company's financial performance is a key area of focus, with regular earnings calls providing updates on its quarterly and annual results.

Huntington Bancshares has a history of paying dividends, with a current yield of 4.87% based on the 2023 dividend of $0.62. This is a significant increase from the 2017 dividend yield of 2.40%.

The company's dividend has been steadily increasing over the years, with a 4.40% yield in 2022, 3.92% in 2021, and 4.75% in 2020. This suggests a commitment to returning value to shareholders.

Here's a breakdown of Huntington Bancshares' dividend history:

Huntington Bancshares' financial performance has been impacted by the economic downturn, with a decline in income after tax from $1,951.00 in 2023 to $817.00 in 2020. However, the company has shown resilience and is now on the path to recovery, with an income after tax of $1,951.00 in 2023.

Huntington Bancshares was founded in 1866 and is headquartered in Columbus, OH.

The company operates as a bank holding company, providing a wide range of financial services to consumers and businesses.

Huntington Bancshares has five main segments: Consumer & Business Banking, Commercial Banking, Commercial Real Estate & Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Home Lending.

Huntington Bancshares has its roots dating back to 1866, making it a historic institution in the banking industry.

The company operates as a bank holding company, providing a wide range of financial services to its customers.

Huntington Bancshares is headquartered in Columbus, OH, and has a significant presence in the region.

The firm operates through six distinct segments, each catering to a specific type of customer or financial need.

These segments include Consumer & Business Banking, Commercial Banking, Commercial Real Estate & Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Home Lending.

The Consumer & Business Banking segment offers a variety of financial products and services, including checking accounts, savings accounts, and consumer loans.

The Commercial Banking segment provides products and services to middle market, large corporate, and government public sector customers.

The Commercial Real Estate & Vehicle Finance segment offers financing for land, buildings, and other commercial real estate, as well as financing for the purchase of automobiles and recreational vehicles.

The Regional Banking and The Huntington Private Client Group segment provides private banking, wealth & investment management, and retirement plan services.

The Home Lending segment originates and services consumer loans and mortgages for customers located in primary banking markets.

At the helm of Huntington Bancshares is a diverse group of leaders, each bringing their expertise to the table. Stephen D. Steinour serves as Chairman, President & Chief Executive Officer.

The company has a strong leadership team, with several executives holding key positions. Michael van Treese is the Chief Auditor & Executive Vice President, and Brendan A. Lawlor is the Chief Credit Officer & Executive Vice President.

Donnell R. White is responsible for promoting diversity, equity, and inclusion within the company as the Chief Diversity, Equity & Inclusion Officer. Amit Dhingra oversees the enterprise payments as the Chief Enterprise Payments Officer.

Zachary J. Wasserman is the Chief Financial Officer & Senior Executive VP, while Sarah Pohmer serves as the Chief Human Resources Officer & SEVP. Kendall Kowalski is the Chief Information Officer & Executive VP.

Prashant Nateri is the Chief Operations Officer & Executive VP, and Helga S. Houston is the Chief Risk Officer & Senior Executive VP. Gary H. Torgow and Teresa H. Shear are both Directors, with Torgow serving on the board.

The company also has several independent directors, including Alanna Y. Cotton, Ann B. Crane, and Gina D. France. Other independent directors include J. Michael Hochschwender, Jeffrey L. Tate, and John Chris Inglis.

Here is a list of the company's leadership team:

The leadership team is rounded out by several senior executives, including Brant Standridge, Scott D. Kleinman, and Marcy C. Hingst.

Huntington Bancshares has had a challenging 2023, but it's now shoring up its balance sheet and positioning itself for growth.

The bank has been working to improve its financials, which is a positive sign for investors. In fact, Huntington Bancshares' stock has been on the rise, with a significant increase in its earnings results for the third quarter of the year.

Here's a comparison of Huntington Bancshares' return versus the S&P 500 over the past few years:

It's worth noting that while Huntington Bancshares' stock has been doing well, the Fed's recent announcement has caused a crash in bank stocks, including Huntington Bancshares.

Huntington Bank Stock Dropped 5% on Monday, but it's still considered cheap despite less interest income. The stock market can be unpredictable, and sometimes even a slight drop can be a buying opportunity.

Even with a 5% drop, Huntington Bancshares stock is still seen as undervalued. The Fed's recent decision has had a ripple effect on the market, causing bank stocks like Huntington to plummet.

The Fed delivered bad news to bank investors, which led to a crash in stocks like JPMorgan Chase, Bank of America, and Huntington Bancshares. This news can be a concern for long-term investors who rely on dividend payments.

Dividend investors are feeling the pinch, and bank investors are too. The Fed's decision has made it harder for banks to generate interest income, which in turn affects their stock prices.

The stock market can be a rollercoaster, but it's essential to stay informed and adapt to changing circumstances. In this case, the drop in Huntington Bank Stock might be a chance to buy in at a lower price.

Huntington Bancshares has been making waves in the stock market, with its stock price fluctuating in recent times. In fact, it dropped 5% on Monday, but experts think it's still a good buy due to its relatively low price.

The bank's earnings results for the third quarter of the year were likely a major factor in its stock price increase. This is because investors tend to react positively to good news about a company's financial performance.

Huntington Bancshares has been performing well compared to the S&P, with its 1-year return of +35.09% far exceeding the S&P's +26.74% return. This is a significant advantage for investors looking for a strong stock.

One notable aspect of Huntington Bancshares is its high-yield dividend stock, which has been gaining strength after a challenging 2023. This could make it an attractive option for investors seeking a reliable source of income.

The bank's recent acquisition of TCF Financial has also been a major factor in its growth, creating a top 10 U.S. bank with $168 billion in assets. This consolidation move is part of a larger trend in the industry, where regional banks are merging to create larger, more competitive institutions.

Here's a comparison of Huntington Bancshares' return vs. the S&P over various time periods: