Price/sales represents the amount an investor is willing to pay for a dollar generated from Market Data powered by Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Wed like to share more about how we work and what drives our day-to-day business. Verify your identity, personalize the content you receive, or create and administer your account. Cash and cash equivalents and available contingent borrowing capacity of $88 billion at June30, 2023, representing 205% of uninsured deposits. [61] Due to Sherman Antitrust Act concerns by the United States Department of Justice, it sold 11 branches in Canton and two in Ashtabula to First Commonwealth Bank. In 1972, it acquired The First National Bank of Wadsworth and The First National Bank of Kenton, also establishing the first 24-hour, fully automated banking office. Data delayed International stock quotes are delayed as per exchange requirements. delay times for all exchanges). Western Alliance Gains on Deposit Growth. Delivers Record Full-Year Net Income and Achievement of Medium-Term Financial Targets. Huntington was ranked number one among regional banks in theJ.D. Discussions stalled and FirstMerit purchased Citizens Republic in September 2012. Huntington operates more than 1,000 branches in 11 states, with certain businesses operating in extended geographies. Request information regarding our Community Reinvestment Act (CRA) and the Home Mortgage Disclosure Act (HMDA). View original content to download multimedia:https://www.prnewswire.com/news-releases/huntington-bancshares-incorporated-reports-2023-second-quarter-earnings-301882760.html, SOURCE Huntington Bancshares Incorporated. A stocks beta measures how closely tied its price movements have been to the performance of the overall market. [30], In November 2008, the United States Department of the Treasury invested $1.4 billion in the company as part of the Troubled Asset Relief Program and in December 2010, the company repaid the Treasury. HBAN Stock Price | Huntington Bancshares Inc. Stock Quote (U.S.: Nasdaq Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Please enable JavaScript. Terms of Use. The company is ranked 521st on the Fortune 500, [6] and is 26th on the list of largest banks in the United States . Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Huntington Online Banking Login | Huntington Source: FactSet. The bank has a network of branches and ATMs across eight Midwestern states. Analysts and investors seeking financial information about Huntington Bancshares should contact: Huntington Bancshares IncorporatedHuntington Center, HC093541 South High StreetColumbus, Ohio 43287huntington.investor.relations@huntington.comRetail shareholder inquiries: 1-800-576-5007Other investor relations inquiries: 614-480-5676. This document can be found on the Investor Relations section of Huntington's website, http://www.huntington.com. For the best MarketWatch.com experience, please update to a modern browser. Read our editorial policy to learn more about our process. [58][59][60], 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. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. By Jenna Brashear August 21, 2023 PPNR increased $1.4 billion, or 88%, from the prior year to $3.1 billion. Huntington Bancshares Incorporated Common Stock (HBAN) "Credit continued to perform very well, with full-year net charge-offs of 11 basis points, well below our through-the-cycle target, and nonperforming assets declined for the sixth consecutive quarter. While we recognize the uncertain economic outlook on the horizon, we enter 2023 from a position of strength. The bank has a network of branches and ATMs across eight Midwestern states. HBANs beta can be found in Trading Information at the top of this page. An overly concentrated market is a sign investors are uncertain about the economy. [77] The building houses 800 employees of the combined company. 15 minutes unless otherwise indicated (view Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Huntington Bancshares Incorporated is a $189 billion asset regional bank holding company headquartered in Columbus, Ohio. [67] The most notable check was one written by Lincoln to "self" for $800 dated April 13, 1865, the day before his assassination. View original content to download multimedia:https://www.prnewswire.com/news-releases/huntington-bancshares-incorporated-reports-2022-fourth-quarter-earnings-301726487.html, SOURCE Huntington Bancshares Incorporated. This position of strength enables us to outperform and capture opportunities that may arise given the current environment. Founded in 1866, Huntington National Bank and its affiliates provide consumer, small-business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. "These results reflect the continued execution of our strategy and the strength of our balance sheet. All Rights Reserved. Huntington's senior management will host an earnings conference call on January20, 2023, at 9:00a.m. (Eastern Time). Find out more about how we use your personal data in our privacy policy and cookie policy. Terms of Use. Intraday Data provided by FACTSET and subject to terms of use. Successfully implemented additional Fair Play enhancements and expanded expertise and capabilities with the acquisitions of Capstone Partners and Torana. Net income attributable to Huntington Bancshares Incorporated increased 73% to $2.2 billion. Lending products are subject to credit application and approval. Are you nearing retirement? Return on average assets was 1.18%, return on average common equity was 12.7%, return on average tangible common equity (ROTCE) was 19.9%. Return on average assets was 1.41%, return on average common equity was 16.0%, return on average tangible common equity (ROTCE) was 26.0%. Copyright 2023 Morningstar, Inc. All rights reserved. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. QuoteMedia. Board of Directors approved a $1 billion share repurchase authorization for the next eight quarters. Which Is a Better Investment, Huntington Bancshares Incorporated or Mizuho Financial Group Inc (ADR) Stock? We value your opinion. The company's commercial banking business is based in the TCF Building in downtown Detroit, which was renamed the Huntington Tower. Huntington Online Banking Login | Huntington Environmental, Social and Governance Report, Huntington Relationship Money Market Account, Huntington SmartInvest Money Market Account, Full-service commercial, small business, and consumer banking services, Treasury management and foreign exchange services, Wealth and investment management services, Customized insurance brokerage and service programs. Market Data copyright 2023 QuoteMedia. Huntington Bancshares (HBAN) Stock Forecast, Price & News $11.36 +0.06 (+0.53%) (As of 02:04 PM ET) Compare Today's Range $11.21 $11.39 50-Day Range $10.21 $12.27 52-Week Range $9.13 $15.74 Volume 8.63 million shs Average Volume 16.68 million shs Market Capitalization $16.45 billion P/E Ratio 7.33 Dividend Yield 5.46% Price Target $13.31 In March 2012, the bank acquired Dearborn-based Fidelity Bank. Unlock Our Full Analysis With Morningstar Investor, Markets Brief: How to Know When Were Really in a New Bull Market, Despite Rally, Stock Market Remains Undervalued, Bank Stock Earnings Roundup: The Run on the Bank Bullet Has Been Dodged, Markets Brief: Brace Yourself for the Worst Quarterly Earnings Season in Three Years. About Us | Huntington The Huntington logo, Huntington,The Huntington logoHuntington.Welcome. and Huntington Heads Up are federally registered service marks of Huntington Bancshares Incorporated. Fundamental company data and analyst estimates provided by FactSet. Learn More Looking out for you. Average total loans and leases increased $925 million, or 1%, from the prior quarter to $121.3 billion,and increased $7.4 billion, or 6%, from the year-ago quarter. HBAN has a forward dividend yield of 5.57%. This browser is no longer supported at MarketWatch. MarketWatch IBD 34500.66 Huntington Bancshares Inc. HBAN (U.S.: Nasdaq) AT CLOSE 4:00 PM EDT 08/18/23 $11.14USD -0.10 -0.89% AFTER HOURS 7:34 PM EDT 08/18/23 $11.16 0.02 0.18% AFTER HOURS Vol. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Huntington Bancshares Incorporated. Huntington Bancshares Incorporated (NASDAQ: HBAN)'s stock price has decreased by -0.89 compared to its previous closing price of 11.24. FREE Join thousands of A+ Investor subscribers and get in-depth stock research and tools to make smarter investment decisions. On the positive side, deposits grew during the quarter and are essentially flat for the year, and the pricing on interest-bearing deposits was better than we had expected (2.06% versus our expectation of 2.3%). Please see the 2023 Second Quarter Quarterly Financial Supplement for additional detailed financial performance metrics. In 1962, Huntington acquired both First National Bank of Grove City and The People's Bank of Canal Winchester. Huntington Bancshares: Q2 Earnings Snapshot - MarketScreener.com Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. The Commercial Banking segment provides products and services to the middle market, large corporate, and government public sector customers located primarily within its geographic footprint. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019 Refinitiv. , Huntington, Huntington, Huntington.Welcome., and Huntington Heads Up are federally registered service marks of Huntington Bancshares Incorporated. The Huntington National Bank is an Equal Housing Lender and Member FDIC. [74][75][76] The building was originally intended to house Chemical Financial prior to its merger with TCF. 1 min read July 21 (Reuters) - Huntington Bancshares beat Wall Street estimates for second-quarter profit on Friday, as it earned more from rising interest rates and. Terms of Use. Q2 2023 Huntington Bancshares Inc Earnings Call - Yahoo Finance [9], P. W. Huntington formed P. W. Huntington & Company in 1866, operating on the northwest corner of High and Broad Streets;[10] the site now houses the regional headquarters for rival U.S. Bancorp. Huntington Bancshares Incorporated is a $183 billion asset regional bank holding company headquartered in Columbus, Ohio. Shareholders requesting information about share balances, change of name or address, lost certificates, or other shareholder account matters should contact the Transfer Agent/Registrar: Computershare Investor ServicesAttn: Priority Processing150 Royall Street, Suite 101Canton, MA 02021, Computershare Investor ServicesPO Box 43078Providence, RI 02940-3078, Computershare Investor Servicesweb.queries@computershare.com1-800-725-0674Automated: 24 hours, 7 days a week,Attended: 8:30 a.m. - 5:00 p.m. CT, Monday to FridayYou may also check your holding details, display the current value of your holdings and action amendments to your details online at Computershare's website:Go to the Computershare Web Site. Completed the cost synergy program related to the acquisition of TCF. 2022 Full-Year Highlights Compared to Full-Year 2021: COLUMBUS, Ohio, Jan. 20, 2023 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2022 fourth quarter of $645 million, or $0.42 per common share, an increase of $244 million, or $0.16 per common share from the year-ago quarter. [11] Huntington died in 1918 shortly after turning the bank over to his sons. Earnings per common share (EPS) for the quarter were $0.42, an increase of $0.03 from the prior quarter. Price/book ratio can tell investors approximately how much theyre paying for a companys assets, HBAN | Huntington Bancshares Inc. Stock Overview (U.S.: Nasdaq Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio. Pricing and balances of deposits are holding up for Huntington, and the bank is still set to see revenue growth in 2023 compared with 2022. Data delayed * Trading data in this section is delayed by at least 15 minutes. , Huntington, Huntington, Huntington.Welcome., and Huntington Heads Up are federally registered service marks of Huntington Bancshares Incorporated. A number of regional banks are facing elevated risks, but the biggest banks are mostly in better shape. largest 70% of U.S. stocks, mid-cap names account for the largest 7090%, and small-cap names are the remaining 10% of companies. Annual Reports & Proxy Statements. Huntington Bancshares Incorporated Reports 2023 Second-quarter | Hban Develop and improve features of our offerings. Huntington pays a. Delivered on efficiency strategies through the continued optimization of the branch network by closing 63 branches during the year and announcement of an additional 31 branch closures to occur in the first quarter of 2023. In 1977, Huntington Bancshares acquired The Bellefontaine National Bank, The Central National Bank of London, and Columbus-based The Franklin National Bank. Market capitalization is calculated by taking a companys share price and multiplying it by the total number of shares. This accolade demonstrates our focus on customers and our innovative digital capabilities along with a differentiated customer experience. This stock is largely held by the same companies as the common stock, but a small fraction of the available shares are sold on the open market. [14] 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. In the Morningstar Style Box, large-cap names account for the See [66], In 2012, Huntington started displaying old checks that were written by famous people, including 24 former U.S. Presidents such as Abraham Lincoln, George Washington, Thomas Jefferson, Andrew Jackson, Theodore Roosevelt, Franklin Roosevelt, and Niles, Ohio native William McKinley. [25][26][27][28][29] As of 2021, Huntington is the sixth-largest bank in the Pittsburgh market by deposits. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middlemarket businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. TCF branches were converted in the fourth quarter of 2021. [4], The company's retail banking business remains headquartered in Columbus. [72] Regulators announced on May 26, 2021 that TCF Bank would be required by the Department of Justice to sell 13 branches in Michigan. There are currently no items in this Watchlist. RT=Real-Time, EOD=End of Day, , Community Reinvestment Act Home Mortgage Disclosure Act, https://www.prnewswire.com/news-releases/huntington-bancshares-incorporated-reports-2023-second-quarter-earnings-301882760.html. 15 minutes unless otherwise indicated (view Different privacy and security practices may apply. Which Bank Stocks Are Most at Risk of a Liquidity Crisis? Here Are 10 Other Analyst Forecasts For Tuesday, RBC Capital Sticks to Its Buy Rating for Huntington Bancshares (HBAN), Huntington Bancshares Q2 Earnings Gets Mixed Analysts Reactions, 6 Analysts Have This to Say About Huntington Bancshares, D.A. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. , Community Reinvestment Act Home Mortgage Disclosure Act. [50], In March 2014, the company acquired Ohio-based Camco Financial, holding company for Advantage Bank, for $97 million in stock. [49] The bank started in 2014 offering ATM deposits from mobile phones and through online transfers until 11:59p.m. and post them that day. Offers best-of-class profitability, crushing its peers in every major metric. "Record full-year PPNR was driven by higher net interest income and noninterest income, along with disciplined expense management. "Given our growing capital base, and robust profitability profile, we are pleased to announce a share repurchase program as we enter the new year, consistent with our capital priorities. COLUMBUS, Ohio, July 21, 2023 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2023 second quarter of $559 million, or $0.35 per common share, an increase of $20 million, or flat per common share, from the year-ago quarter.

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