Huntington Bancshares (HBAN) reported $1.89 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.1%. EPS of $0.33 for the same period compares to $0.36 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.86 billion, representing a surprise of +1.64%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $0.30. While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...

Huntington Bancshares (HBAN) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this regional bank holding company would post earnings of $0.28 per share when it actually produced earnings of $0.30, delivering a surprise of 7.14%. Over the last f ...

Q3 Results Highlighted by Sequential Expansion of Net Interest Income and Fee Revenues, Sustained Loan and Deposit Growth, and Strong Credit Quality 2024 Third-Quarter Highlights: Earnings per common share (EPS) for the quarter were $0.33, higher by $0.03 from the prior quarter, and lower by $0.02 from the year-ago quarter. Net interest income increased $39 million, or 3%, from the prior quarter, and decreased $17 million, or 1%, from the year-ago quarter. Noninterest income increased $32 million, or 7%, fr ...

Huntington Bancshares Incorporated (HBAN) is slated to report third-quarter 2024 results results on Oct. 17, before the opening bell. The company's quarterly revenues and earnings are expected to have declined year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, the bank recorded a positive earnings surprise of 7.14%. Results have reflected improvements in average loans and deposits. However, a fall in net interest income (NII) and elevated ...

The upcoming report from Huntington Bancshares (HBAN) is expected to reveal quarterly earnings of $0.30 per share, indicating a decline of 16.7% compared to the year-ago period. Analysts forecast revenues of $1.86 billion, representing a decrease of 1.7% year over year. Over the last 30 days, there has been a downward revision of 1.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over t ...

COLUMBUS, Ohio, Oct. 10, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will release third quarter 2024 financial results prior to the market opening on Thursday, October 17, 2024. A news release and supporting financial data will be available at that time on the Investor Relations section of the company's website (www.huntington-ir.com). The Company will host a conference call to review quarterly financial results at 9 a.m. ET. Conference Call / Webcast Information The third quarter ...

COLUMBUS, Ohio, Sept. 18, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is decreasing from 8.5 percent to 8 percent, effective September 19, 2024. Huntington's rate last changed on July 27, 2023, increasing from 8.25 percent to 8.5 percent. About Huntington Huntington Bancshares Incorporated is a $196 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide cons ...

Investors interested in stocks from the Banks - Midwest sector have probably already heard of Huntington Bancshares (HBAN) and Commerce Bancshares (CBSH) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven s ...

Core Viewpoint - Huntington Bancshares Inc. (HBAN) is expanding its banking franchise in North Carolina and South Carolina by adding over 350 employees and launching approximately 55 retail branches over the next five years, which has positively impacted its stock price by 2.5% [1][2]. Expansion Plans - The initial branches will be located in key cities such as Charlotte, Raleigh, Winston-Salem in North Carolina, and Charleston, Columbia, Greenville in South Carolina, with construction expected to start in 2026 [2]. - This expansion aligns with other banks like JPMorgan and Comerica Inc. that are also increasing their presence in the Carolinas due to regional population growth [2][5]. Historical Context - Last year, HBAN announced plans to enhance its commercial banking presence in Charlotte, aiming to tap into high deposit levels in the Carolinas by adding experienced bankers [3]. - Since then, HBAN has established five units and built 120 relationships in the Carolinas, focusing on sectors such as middle market, small business administration, and healthcare lending [4]. Strategic Rationale - The expansion allows clients in the Carolinas to access Huntington's diverse banking services, supporting the bank's strategic plan and long-term growth strategy [6]. - The bank aims to capture an estimated $8 billion long-term deposit market, enhancing its competitive position [6][8]. Broader Expansion Strategy - Huntington's retail expansion in the Carolinas is part of a larger multi-million dollar plan to grow its banking franchise in various strategic markets, including Denver, Minneapolis, and Chicago [7]. Market Performance - Huntington's total deposits have shown a compound annual growth rate of 16.4% over the four years ending in 2023, with continued growth in the first half of 2024 [9]. - Year-to-date, Huntington's shares have increased by 15.3%, outperforming the industry average gain of 10.4% [9].

Key Takeaways Huntington Bank has acquired the naming rights for the Cleveland Browns' stadium for the next 20 years, making the team's home "Huntington Bank Field." The Columbus, Ohio-based bank bought the naming rights for the Browns' "existing stadium or a new one." The team and city are in the midst of months of disputes over whether the Browns will remain in Cleveland or build a new stadium in the suburbs. Huntington Bank (HBAN) has acquired the naming rights to the stadium where the Cleveland Browns a ...