Core Insights - Huntington Bancshares reported revenue of $1.82 billion for the quarter ended June 2024, a decrease of 1.9% year-over-year, with EPS at $0.30 compared to $0.35 in the same quarter last year [1] Financial Performance Metrics - The reported revenue exceeded the Zacks Consensus Estimate of $1.81 billion by +0.13%, while the EPS surprise was +7.14% against a consensus estimate of $0.28 [3] - Efficiency Ratio was 60.8%, better than the average estimate of 61.8% from six analysts [4] - Net Interest Margin (FTE) was reported at 3%, matching the average estimate [4] - Average Balance of Total Earning Assets was $178.06 billion, slightly above the average estimate of $177.30 billion [4] - Net charge-offs to Average Total Loans and Leases stood at 0.3%, in line with the average estimate [4] - Total Nonperforming Assets were $780 million, higher than the estimated $750.15 million [4] - Total Nonaccrual Loans and Leases were $733 million, close to the average estimate of $737.90 million [4] - Wealth and Asset Management Revenue was $90 million, slightly above the average estimate of $89.67 million [4] - Customer Deposit and Loan Fees reached $83 million, exceeding the average estimate of $79.91 million [4] - Payments and Cash Management Revenue was $154 million, slightly above the average estimate of $153.03 million [4] - Leasing Revenue was $19 million, below the average estimate of $25.34 million [4] - Total Non-Interest Income was $491 million, slightly below the average estimate of $493.79 million [4] - Capital Markets and Advisory Fees were reported at $73 million, above the average estimate of $64.63 million [4] Stock Performance - Shares of Huntington Bancshares have returned +14.2% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [6] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [6]

This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this regional bank holding company would post earnings of $0.25 per share when it actually produced earnings of $0.28, delivering a surprise of 12%. Huntington Bancshares, which belongs to the Zacks Banks - Midwest industry, posted revenues of $1.82 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.13%. This compares to year-ago revenues of $1.85 billion. The company has to ...

Exhibit 99.2 HUNTINGTON BANCSHARES INCORPORATED Quarterly Financial Supplement June 30, 2024 Table of Contents | Quarterly Key Statistics | 1 | | --- | --- | | Year to Date Key Statistics | 2 | | Consolidated Balance Sheets | 4 | | Loans and Leases Composition | 5 | | Deposits Composition | 6 | | Consolidated Quarterly Average Balance Sheets | 7 | | Consolidated Quarterly Net Interest Margin - Interest Income / Expense | 8 | | Consolidated Quarterly Net Interest Margin - Yield | 9 | | Selected Quarterly Inc ...

Huntington Bancshares (HBAN) is slated to report second-quarter 2024 results on Jul 19 before the opening bell. The company's quarterly revenues and earnings are expected to have declined year over year. Huntington Bancshares Incorporated Price and EPS Surprise The Zacks Consensus Estimate for HBAN's second-quarter earnings of 28 cents per share has been revised marginally downward in the past week, reflecting the bearish sentiments of analysts. The figure indicates a 20% decline from the year-ago reported ...

The market expects Huntington Bancshares (HBAN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the im ...

WORTHINGTON, Ohio, June 25, 2024 (GLOBE NEWSWIRE) -- MedVet LLC, a leading provider of emergency and specialty veterinary care, today announced that it has received a minority capital investment from Leonard Green & Partners, L.P. (LGP) and a senior term loan from Oak Hill Advisors (OHA). Huntington Bank will continue to provide Treasury and cash management services. These investments will help MedVet accelerate its next stage of growth expanding delivery of specialty and emergency veterinary care, provide ...

MedVet plans to continue expanding its network of specialty and emergency hospitals to serve more pets throughout the United States, while providing a compelling environment for their caregivers to build long-term careers in service of the human-animal bond. About MedVet Leonard Green & Partners, L.P. ("LGP") is a leading private equity investment firm founded in 1989 and based in Los Angeles with over $75 billion of assets under management. The firm partners with experienced management teams and often with ...

"We are excited to partner with Main Street Capital, as this strategic debt refinancing will provide ZRG with greater financial flexibility and a strong balance sheet, while serving as the catalyst to execute on the company's long-term growth plan," said Ron Ahuja, Principal of RFE Investment Partners. About ZRG RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in the U.S. RFE is a long-standing firm founded in 1980 with over ...

ROCHELLE PARK, N.J., June 19, 2024 (GLOBE NEWSWIRE) -- ZRG, a global talent advisory firm, today announced that it has successfully secured $120 million in debt financing from Main Street Capital Corporation and its affiliates. This significant funding will bolster ZRG's growth initiatives and enhance its ability to deliver innovative talent solutions to clients worldwide. The $120 million debt financing follows closely on the heels of ZRG's recent equity raise managed by RFE Investment Partners, ZRG's prim ...

Company Overview - Huntington Bancshares Incorporated is a regional bank holding company with assets totaling $194 billion, headquartered in Columbus, Ohio [2] - The company was founded in 1866 and operates approximately 970 branches across 11 states, providing a wide range of banking, payments, wealth management, and risk management services [2] Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $356.25 per share on the company's 5.70% Series I NonCumulative Perpetual Preferred Stock, equivalent to $0.35625 per depositary share [1] - This dividend is payable on September 3, 2024, to shareholders of record on August 15, 2024 [1]