Read Next: JPMorgan's $500M Venture Capital Fund Bets Big On Weight-Loss Drugs: 'They're All The Rage' Photo by Jonathan Weiss via Shutterstock Further, the firm's NIM lift lost some steam around the first quarter earnings, and most recently, Huntington Bancshares dialed down its fiscal year 2024 loan growth outlook. According to Siefers, the company's NII trajectory is now "less robust than at some other peers." The analyst lowered Huntington Bancshares 2024 earnings per share to $1.17 from $1.18. The earn ...

Shares of Huntington Bancshares (HBAN) tanked 6.1% after it trimmed the forecast for full-year 2024 net interest income (NII). The company's CFO, Zach Wasserman, revealed this at the 2024 Morgan Stanley US Financials, Payments and CRE Conference. The bank now expects NII to decline between 1% and 4% this year. Earlier in April, management projected NII to be between a decline of 2% and a rise of 2%. In first-quarter 2024, HBAN witnessed an 8% year-over-year decline in NII to $1.30 billion. Despite lowering ...

Key Takeaways Huntington Bancshares (HBAN) was the worst-performing stock in the S&P 500 in intraday trading on Monday after the regional lender said it expects net interest income to decline in 2024. Forecast Change Driven by Lower Loan Growth, Higher Funding Costs Huntington simultaneously lowered the top end of its forecast loan growth range to 4% from 5%. It also expects to end the year with higher deposit growth than previously forecast. Largest Banks Have More Diversified Revenue Streams Smaller lende ...

A full replay version of the audio webcast is now available in the "Events and Presentations" section of the Huntington Bancshares Investor Relations website. SOURCE Huntington Bancshares Incorporated COLUMBUS, Ohio, June 10, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced today that due to a vendor error, the live audio webcast of the company's presentation at the Morgan Stanley US Financials, Payments & CRE Conference on Monday was temporarily not available in full. Huntin ...

Speaking at the 2024 Morgan Stanley US Financials, Payments and CRE Conference this morning, Huntington CFO Zach Wasserman told investors that Huntington's net interest income (NII) this year will probably fall 1% to 4% from a year ago. This qualifies as an "earnings warning" because, says The Fly, Huntington had previously predicted NII would be roughly flat, plus or minus 2%. So how bad is this news for Huntington Bancshares investors? Worst case, a 4% decline in NII would seem to imply a full-year earnin ...

Core Viewpoint - Huntington Bancshares Incorporated will participate in the 2024 Morgan Stanley US Financials, Payments and CRE Conference, highlighting its business trends, financial performance, and strategic initiatives [1]. Company Overview - Huntington Bancshares Incorporated is a regional bank holding company with $194 billion in assets, headquartered in Columbus, Ohio [3]. - The company was founded in 1866 and provides a comprehensive suite of banking, payments, wealth management, and risk management products and services to various clients, including consumers, small and middle-market businesses, corporations, and municipalities [3]. - Huntington operates approximately 970 branches across 11 states, with certain businesses extending into broader geographies [3].

Core Insights - The Aerospace, Defense, Government, & Security (ADGS) sector showed improved earnings and shipments in 2023, surpassing pre-pandemic levels, while M&A activity declined due to higher interest rates [2][3] Group 1: Sector Performance - U.S. Aerospace & Defense sector shipments rose 17% year-over-year in 2023, returning to 2018 peaks [3] - Public company EBITDA earnings in the A&D sector increased by 10% year-over-year in 2023, outperforming flat S&P 500 earnings [3] Group 2: M&A Activity - The number of A&D sector M&A transactions fell by 12% year-over-year in 2023, and were 24% below pre-pandemic 2019 levels [4] - The decline in M&A activity was particularly noted among private equity buyers, influenced by rising interest rates [4] - Valuation metrics remained stable, with size and sector being significant drivers of M&A transaction multiples [4] Group 3: Future Outlook - Strong sector fundamentals and a stabilizing financing environment suggest that future M&A activity is more likely to increase [2] - Reasons for cautious optimism in M&A activity were noted, including the return of demand for commercial air travel and aircraft, despite production constraints [7]

Core Insights - Capstone Partners released its inaugural 2024 Women Entrepreneurs Study, analyzing responses from over 200 female business owners in the U.S. to identify key differences and challenges faced by female founders compared to the broader middle market business owner audience [1] Growth Strategies - Women entrepreneurs primarily focus on organic growth strategies, with 59% increasing market penetration and 53.8% expanding their product or service portfolios, which is higher than the 47.5% of the broader middle market business owners who have increased market penetration [2] - Only 18.1% of women entrepreneurs have pursued inorganic growth through mergers and acquisitions (M&A), but 36.7% are considering M&A as an exit strategy, particularly among younger women CEOs aged 18-34, where 48% are considering M&A compared to 33.6% of those aged 35-54 and 17.9% of those aged 55 and older [3] Exit Preparation - A significant portion of women entrepreneurs are more prepared for an exit than they realize, with 43.3% having started planning for a business exit, while 74.8% have completed at least one exit preparation step, such as building a strong executive leadership team (37.1%) and determining financial needs (34.3%) [4] Concerns for Future Growth - The top concern for women entrepreneurs regarding future growth is inflation, cited by 55% of respondents, followed by customer retention at 35%, and increased workload or stress at third, which is a higher concern compared to the overall middle market business owners [5] Funding Challenges - Nearly 25% of respondents indicated a need for assistance in raising debt and equity capital, highlighting the challenges women entrepreneurs face in accessing growth funds and securing sizeable loans [6] - Historical data shows that venture capital funding for female-founded companies has seen incremental gains, with only 6.1% of VC deals going to female-founded companies in 2023, up from 3.4% in 2008, while the average deal size for female founders in 2023 was $3.1 million compared to $9.4 million for male founders [6]

Core Viewpoint - Huntington Bancshares Incorporated has appointed Angie Klett as President of Huntington Insurance, Inc., succeeding Mary Beth Sullivan, who will retire on July 1, 2024, after nearly 20 years with the company [1][2]. Group 1: Leadership Transition - Angie Klett will oversee the growth of Huntington Insurance, which includes various lines such as commercial insurance, employee benefits, life insurance, personal lines insurance, and title and captive insurance [1]. - Brant Standridge, President of Consumer & Regional Banking, emphasized Klett's strong industry expertise and leadership experience as vital for the role [2]. - Mary Beth Sullivan has significantly contributed to the growth and expansion of Huntington Insurance during her tenure [3]. Group 2: Angie Klett's Background - Prior to her appointment, Klett served as Senior Vice President of Corporate Development at Nationwide Insurance, where she led mergers and acquisitions, ventures, and strategic partnerships [4]. - Klett has held various leadership roles at Nationwide in finance, procurement, product development, technology, and business transformation [4]. - She holds a bachelor's degree from Ohio Wesleyan University and is based in Central Ohio [4]. Group 3: Company Overview - Huntington Bancshares Incorporated is a regional bank holding company with $194 billion in assets, headquartered in Columbus, Ohio [5]. - The company provides a comprehensive suite of banking, payments, wealth management, and risk management products and services to a diverse clientele [5]. - Huntington operates approximately 970 branches across 11 states [5].

SCOTTSDALE, Ariz., May 13, 2024 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ:JYNT), the nation's largest provider of chiropractic care through The Joint Chiropractic® network, signed an agreement engaging Capstone Partners, a full-service middle market investment bank with specialization in refranchising. President and Chief Executive Officer Peter D. Holt said, "As we continue our strategy to refranchise the vast majority of our corporate clinic portfolio, it is imperative we select the most effective franc ...