COLUMBUS, Ohio, Dec. 18, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is decreasing from 7.75 percent to 7.5 percent, effective December 19, 2024. Huntington's rate last changed on November 8, 2024, decreasing from 8 percent to 7.75 percent. About HuntingtonHuntington Bancshares Incorporated is a $201 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide con ...

Finance stocks, in general, and bank stocks, in particular, are not the most exciting investments. But in the last two years, they’ve been mostly dreadful. In 2023, higher interest rates caused several small banks to collapse. For much of 2024, a cloud of regulation, known as Basil III Endgame, hung over the industry and weighed down many stocks that were already struggling with a tough lending environment. But there are signs that 2025 will be a better year for banks. While that bodes well for a blue-chip ...

COLUMBUS, Ohio, Nov. 7, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is decreasing from 8 percent to 7.75 percent, effective November 8, 2024.Huntington's rate last changed on September 19, 2024, decreasing from 8.5 percent to 8 percent.About HuntingtonHuntington Bancshares Incorporated is a $201 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumer ...

Shares of Huntington Bancshares (NASDAQ: HBAN ) have been a very strong performer over the past year, gaining over 62% given the bank’s impressive deposit franchise and solid credit underwriting. Shares did trade modestly lower in response to Q3 results, particularly due to disappointing guidanceOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specifi ...

COLUMBUS, Ohio, Oct. 24, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will participate in the 2024 BancAnalysts Association of Boston Conference on Thursday, November 7, 2024.  Zach Wasserman, chief financial officer, is scheduled to present to analysts and investors at 2:15 PM (Eastern Time). He will discuss business trends, financial performance, and strategic initiatives. The presentation will include forward-looking statements.Webcast InformationInterested investors may access ...

Huntington Bancshares Incorporated (HBAN) reported third-quarter 2024 adjusted earnings per share (EPS) of 33 cents, which surpassed the Zacks Consensus Estimate of 30 cents. In the prior-year quarter, the company reported EPS of 35 cents. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Shares of the company lost 4.2% in the pre-market trading despite the earnings beat. However, a full day's trading session will depict a clearer picture. Results have reflected improvements in fee i ...

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 ...