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Piper Sandler Adjusts Huntington (HBAN) Target After Strategy Refresh
Yahoo Finance· 2025-12-15 14:50
Huntington Bancshares Incorporated (NASDAQ:HBAN) is included among the 13 Best Blue Chip Stocks to Buy Under $50. Piper Sandler Adjusts Huntington (HBAN) Target After Strategy Refresh Image by Alexsander-777 from Pixabay On December 10, Piper Sandler raised its price target on Huntington Bancshares Incorporated (NASDAQ:HBAN) to $16 from $15, while keeping an Underweight rating. The update followed the company’s release of slides for an upcoming conference, which highlighted a few key points: organic gro ...
Is Huntington Bancshares Stock Underperforming the Dow?
Yahoo Finance· 2025-12-11 09:26
With a market cap of $24.8 billion, Huntington Bancshares Incorporated (HBAN) is a regional financial services company headquartered in Columbus, Ohio, operating through its Huntington National Bank subsidiary. It offers a broad suite of retail, commercial, and wealth management services across the Midwest. Companies valued at $10 billion or more are generally considered “large-cap” stocks, and Huntington Bancshares fits this criterion perfectly. With a strong digital presence and extensive branch networ ...
Huntington Bancshares Incorporated Decreases Its Prime Rate To 6.75 Percent
Prnewswire· 2025-12-10 22:00
COLUMBUS, Ohio, Dec. 10, 2025 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is decreasing from 7.00 percent to 6.75 percent, effective December 11, 2025.  Huntington's rate last changed on October 30, 2025, decreasing from 7.25 percent to 7.00 percent.  About Huntington  Huntington Bancshares Incorporated is a $223 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates pr ...
Huntington Bancshares Incorporated (HBAN) Presents at Goldman Sachs 2025 U.S. Financial Services Conference Transcript
Seeking Alpha· 2025-12-10 17:32
PresentationAll right. Up next, we are pleased to have Huntington joining us once again. It's been a busy year for Huntington, starting with driving best-in-class loan and deposit growth as it continued to expand its footprint across the Carolinas and Texas. And more recently, it's two announced acquisitions of Veritex and Cadence should position the bank well for the next few years. Here to tell us more about the story. We're pleased to have Chairman, President and CEO, Steve Steinour; CFO, Zach Wasserman. ...
Huntington Bancshares (NasdaqGS:HBAN) Conference Transcript
2025-12-10 16:02
Summary of Huntington Bancshares Conference Call Company Overview - **Company**: Huntington Bancshares (NasdaqGS: HBAN) - **Date**: December 10, 2025 - **Key Speakers**: Steve Steinour (Chairman, President, and CEO), Zach Wasserman (CFO) Key Industry and Company Insights 1. Growth Strategy - Huntington is focused on best-in-class loan and deposit growth, particularly in the Carolinas and Texas, supported by recent acquisitions of Veritex and Cadence [1][2] - The company emphasizes a differentiated operating model that drives sustained above-peer growth, with a focus on organic growth as the foundation of its strategy [2][3] 2. Acquisitions and Integration - The integration of Veritex and Cadence is seen as a springboard for organic growth rather than an alternative to it, with a disciplined approach to capital allocation and risk management [3][4] - Huntington's proven track record of successful integrations, such as with TCF, gives confidence in the upcoming integrations [4][6] 3. Financial Performance - Loan and deposit growth has significantly outpaced peers, with expectations to maintain strong momentum into 2026 [4][5] - The company has achieved a growth rate of 5% annually post-TCF integration, compared to a pre-acquisition growth rate of just over 4% [7][8] 4. Market Positioning - Huntington is positioned to become the 10th largest bank in the U.S. with a strong presence in high-growth markets, particularly in Texas [9][10] - The company anticipates significant demographic tailwinds in its new markets, with a focus on customer acquisition and deepening relationships [10][11] 5. Revenue Synergies - Expected revenue synergies from the Cadence acquisition include offering a full suite of Huntington products to Cadence's customer base and enhancing customer relationships [11][12] - The company has a strong pipeline of capital markets activities already emerging from the Veritex partnership [44][45] 6. Operational Efficiency - Huntington has maintained a commitment to positive operating leverage, with a focus on re-engineering costs to invest in growth areas such as technology and marketing [39][40] - The company has achieved a positive operating leverage of 250 basis points and expects to continue this trend into 2026 [32][40] 7. Customer Retention and Integration Challenges - Customer retention post-merger is a priority, with efforts focused on building trust and transparency with new colleagues and customers [45][46] - The company is prepared for the integration challenges, with a focus on maintaining organic growth during the integration process [24][25] 8. Future Outlook - Huntington is optimistic about its growth trajectory, with expectations for continued strong loan and deposit production and growth in value-added fee services [32][48] - The company is not looking to expand beyond its current geographic footprint but aims to deepen its market share in existing regions [22][23] Additional Important Points - The competitive landscape in the South and Texas is described as dynamic, with expected market growth rates significantly above the national average [16][17] - Huntington's approach to M&A is cautious, focusing on organic growth as a prerequisite for future partnerships [21][22] - The company has invested in data and automation to prepare for regulatory requirements associated with its Category III designation, with no expected incremental expenses [47]
Huntington Bancshares Incorporated (HBAN) Presents at Goldman Sachs 2025 U.S. Financial Services Conference - Slideshow (NASDAQ:HBAN) 2025-12-10
Seeking Alpha· 2025-12-10 15:31
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Huntington National Bank expands presence in South Carolina with new branches
Yahoo Finance· 2025-12-09 10:03
Core Insights - Huntington National Bank has opened its first full-service branches in Charleston and Greenville, South Carolina, as part of a strategy to launch approximately 55 branches across North and South Carolina [1][2] - The bank aims to enhance customer service and community engagement through these new locations, which offer teller services, personal banking, and ATM access [1][2] - Huntington's recent acquisition of Cadence Bank for $7.4 billion is expected to significantly increase its operational scale, particularly in Texas and Mississippi, and position it among the top 10 banks in the US by size [3][4] Expansion Strategy - The Charleston branch is located at 677 King Street, while the Greenville branch is at 606 South Main Street [1] - Huntington previously opened its first South Carolina branch in Spartanburg and its first North Carolina branch in Charlotte's SouthPark district earlier this year [3] - The bank's commitment to the Upstate region is emphasized by local market leaders expressing pride in the new branches [2] Acquisition and Growth - The acquisition of Cadence Bank, which has over 390 locations, is projected to enhance Huntington's footprint and operational capabilities [3][4] - Following the merger with Veritex Holdings, Huntington anticipates pro forma assets of $276 billion and deposits totaling $220 billion [4] - Job cuts are expected at Cadence Bank post-acquisition, although the number of positions affected has not been disclosed [4][5]
5 Banks That Outperform the S&P 500 in Volatile November
ZACKS· 2025-12-02 16:40
Market Overview - The U.S. stock market faced significant turbulence in November 2025, influenced by elevated valuations, mixed economic signals, and changing expectations for the Federal Reserve's monetary policy [1][2] - The pullback in AI-linked megacap stocks led to profit-taking, impacting broader indices, with the S&P 500 and Dow Jones Industrial Average showing modest gains while the Nasdaq Composite declined [1] Economic Indicators - Heavy selling in equities occurred mid-November due to a breakdown in the "AI trade" and reduced odds for rate cuts following hawkish Fed remarks amid a government shutdown [2] - Sentiment improved during the Thanksgiving week as weakening labor market data and dovish economic indicators raised hopes for a potential Fed rate cut in December [2] Sector Performance - Rate-sensitive sectors, particularly Financial Services, emerged as top performers in November, benefiting from optimism around economic stability and expectations of rate cuts [3] - Five selected bank stocks outperformed the S&P 500 in November, driven by rising net interest income (NII), acquisitions, and regional expansions [7] Selected Bank Stocks - Citizens Financial Group (CFG), Huntington Bancshares (HBAN), Regions Financial (RF), U.S. Bancorp (USB), and Fifth Third Bancorp (FITB) are highlighted as strong performers with market caps of $20 billion or more [5][7] - CFG reported $222.7 billion in assets and is on track to meet its 2025 targets for deposits, loans, and assets under management [9][10] - HBAN's recent acquisitions and expansion plans are expected to drive loan and deposit growth, with management projecting an 8% increase in loans and 5.5% in deposits for 2025 [17][18] - USB is focusing on expanding consumer and commercial deposits and enhancing fee-based revenue through payment innovations, with a market cap of $76.24 billion [22][21] - RF is advancing its growth strategy through acquisitions and is benefiting from rising loan pipelines, with a market cap of $22.32 billion [25][24] - FITB is expanding its geographic footprint and has announced a merger with Comerica, which will create the ninth-largest U.S. bank, with a market cap of $28.73 billion [30][31]
SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Cadence Bank (CADE)
Newsfile· 2025-12-01 22:48
Bala Cynwyd, Pennsylvania--(Newsfile Corp. - December 1, 2025) - Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Cadence Bank ("Cadence Bank" or the "Company") (NYSE: CADE) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Huntington Bancshares Incorporated (Nasdaq - HBAN) in an all-stock deal valued at $7.4 billion. Under the terms of the agreement, Huntingt ...
Huntington Bancshares Incorporated to Present at the 2025 Goldman Sachs Financial Services Conference
Prnewswire· 2025-12-01 21:20
Accessibility StatementSkip Navigation COLUMBUS, Ohio, Dec. 1, 2025 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will participate in the 2025 Goldman Sachs Financial Services Conference on Wednesday, December 10, 2025. Steve Steinour, chairman, president, and chief executive officer, and Zach Wasserman, chief financial officer, are scheduled to present to analysts and investors at 10:00 AM (Eastern Time). They will discuss business trends, financial performance, and strategic initiati ...