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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Huntington Bancshares Incorporated (Exact name of registrant as specified in its charter) Maryland 1-34073 31-0724920 (State or other jurisdiction of incorporation or organization) (Commission File Number) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...

COLUMBUS, Ohio, April 19, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.155 per common share, unchanged from the prior quarter.  The common stock cash dividend is payable July 1, 2024, to shareholders of record on June 17, 2024. In addition, the Board declared quarterly cash dividends on six series of its preferred stock: A quarterly cash dividend on its Floating Rate Series ...

Huntington Bancshares Incorporated (HBAN) has reported first-quarter 2024 adjusted earnings per share of 28 cents (excluding FDIC Deposit Insurance Fund special assessment), surpassing the Zacks Consensus Estimate of 25 cents. In the prior-year quarter, the company reported earnings per share of 39 cents.Results have reflected improvements in average loans and deposits. However, a fall in net interest income (NII) and elevated expenses were headwinds.The company has reported a net income applicable to commo ...

Wall Street analysts expect Huntington Bancshares (HBAN) to post quarterly earnings of $0.25 per share in its upcoming report, which indicates a year-over-year decline of 34.2%. Revenues are expected to be $1.74 billion, down 9.8% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a comp ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Huntington Bancshares (HBAN) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 19, 2024, might help the stock move higher if these key numbers are better th ...