Huntington Bancshares Inc
HBAN
ISIN US4461501045 / Valor 940208
Huntington Bancshares Inc
UMushroom community rating:
About company
Huntington Bancshares Inc. is a regional bank holding company with assets totaling $189 billion, headquartered in Columbus, Ohio. Established in 1866, The Huntington National Bank and its affiliates offer a wide range of banking, payments, wealth management, and risk management products and services to consumers, small and middle-market businesses, corporations, municipalities, and other organizations. With over 1,000 branches in 11 states, Huntington operates as a full-service banking provider primarily in Ohio, Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Pennsylvania, West Virginia, and Wisconsin. The company's "Welcome" philosophy focuses on building deep relationships with customers to cater to their specific needs, offering services through a network of branches, Private Client Group offices, and ATM locations. Additionally, Huntington provides commercial banking services to automotive dealers and retail automobile financing for dealer customers through automotive dealership relationships within its primary franchise area and select other states.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.12.2024):
Net Income and Earnings Per Share
Huntington Bancshares Inc. reported a net income of $517 million for the third quarter of 2024. This translates to earnings per common share (EPS) of $0.33, which is an increase of $0.03 from the previous quarter but a decrease of $0.02 compared to the same quarter last year.
Net Interest and Noninterest Income
For the third quarter of 2024, Huntington Bancshares Inc. saw a $39 million, or 3%, increase in net interest income from the prior quarter. Noninterest income also rose by $32 million, or 7%, from the previous quarter, reaching $523 million, marking a 3% increase from the year-ago quarter.
Loan and Deposit Growth
Huntington Bancshares Inc. experienced growth in both loans and deposits during the third quarter of 2024. Average total loans and leases increased by $1.1 billion, or 1%, from the prior quarter, while average total deposits rose by $2.9 billion, or 2%, from the previous quarter.
Credit Quality and Capital Ratios
The company maintained strong credit quality with a net charge-off rate of 0.30% of average total loans and leases. The Common Equity Tier 1 (CET1) risk-based capital ratio remained stable at 10.4% as of September 30, 2024, while the tangible common equity (TCE) ratio improved to 6.4% from 6.0% in the prior quarter.
Outlook and Strategic Focus
Looking ahead, Huntington Bancshares Inc. anticipates continued loan growth in the fourth quarter of 2024, supported by core business activities and new initiatives. The company remains focused on organic growth, customer relationship expansion, and maintaining robust liquidity and capital positions.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
23913 M
Market cap (USD)
1,415,697
Daily traded volume (Shares)
16.48 / 16.24
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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