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 ...

Core Viewpoint - Huntington Bancshares (HBAN) is expected to report a decline in both revenues and earnings for the second quarter of 2024, with analysts showing bearish sentiments reflected in revised estimates [1][3][18]. Financial Performance Estimates - The Zacks Consensus Estimate for HBAN's second-quarter earnings is 28 cents per share, indicating a 20% decline year-over-year [3]. - The consensus estimate for total revenues is $1.81 billion, suggesting a year-over-year drop of 2.1% [18]. - The estimate for average interest-earning assets is $177.29 billion, reflecting a 2% rise from the previous quarter [4]. - The estimate for net interest income (NII) is pegged at $1.31 billion, suggesting a 1.9% rise sequentially [21]. Loan Demand and Non-Interest Income - Demand for commercial and industrial loans has improved, which may positively impact average interest-earning assets [4]. - Mortgage rates have decreased slightly, leading to a modest rise in mortgage demand, although origination volumes remain lower due to home price appreciation [6]. - The consensus estimate for total non-interest income is $493.8 million, indicating a 5.7% sequential rise [9]. - Capital market fees are expected to reach $64.6 million, reflecting a 15.4% growth sequentially [7]. Expenses and Asset Quality - Adjusted non-interest expenses are expected to be higher sequentially, nearly reaching $1,130 million [10]. - Total non-performing assets are estimated at $750.2 million, suggesting a 1.6% increase from the prior quarter [11]. - The company is likely to have set aside substantial reserves for potential delinquent loans, particularly in commercial loans, due to anticipated economic slowdown [26]. Market Conditions - Despite an inverted yield curve, stabilizing funding costs and decent loan demand are expected to support the company's NII [5]. - The overall lending activities are likely to have been moderate, with a decline in consumer loan demand and softer demand for commercial real estate loans [19].

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]

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 ...