Huntington Bancshares (HBAN) is slated to report second-quarter 2024 results on Jul 19 before the opening bell. The company's quarterly revenues and earnings are expected to have declined year over year. Huntington Bancshares Incorporated Price and EPS Surprise The Zacks Consensus Estimate for HBAN's second-quarter earnings of 28 cents per share has been revised marginally downward in the past week, reflecting the bearish sentiments of analysts. The figure indicates a 20% decline from the year-ago reported ...

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 ...

About Huntington SOURCE Huntington Bancshares Incorporated COLUMBUS, Ohio, June 18, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors declared and set aside a quarterly cash dividend on the company's 5.70% Series I NonCumulative Perpetual Preferred Stock (Nasdaq: HBANM) of $356.25 per share (equivalent to $0.35625 per depositary share) payable September 3, 2024, to shareholders of record on August 15, 2024. Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $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 ...

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 ...