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 ...

About Huntington Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $194 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle–market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates approximately 970 branches in 11 states, with certain ...

To learn more about Capstone's Aerospace, Defense, Government & Security Group or to discuss the content of this report, please do not hesitate to get in touch. ABOUT CAPSTONE PARTNERS BOSTON, May 29, 2024 /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, released its Aerospace, Defense, Government, & Security (ADGS) Annual Report, which features insights into the current environment as well as a review of last year including merger and acquisition (M&A) activity. U.S. Aero ...

BOSTON, May 15, 2024 /PRNewswire/ -- Capstone Partners, a leading middle market investment banking firm, released its inaugural 2024 Women Entrepreneurs Study, which analyzes the responses of more than 200 female business owners across the U.S. for key findings related to business decisions, growth strategies, and legacy expectations. By comparing the survey results to Capstone's annual Middle Market (MM) Business Owners Survey, the report seeks to identify and elevate key differences and challenges that fe ...

Klett will lead the bank's insurance business, succeeding Mary Beth Sullivan who will retire from HuntingtonCOLUMBUS, Ohio, May 15, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN), parent company of The Huntington National Bank ("Huntington"), announced today the appointment of Angie Klett as President of Huntington Insurance, Inc. Klett will be responsible for the growth of the insurance business and oversee all aspects of Huntington Insurance, including commercial insurance, employe ...

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 ...