Huntington Bancshares Incorporated (HBAN) |
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Price: $13.0200
$-0.03
-0.230%
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Day's High:
| $13.03
| Week Perf:
| -3.13 %
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Day's Low: |
$ 12.89 |
30 Day Perf: |
1.4 % |
Volume (M): |
565 |
52 Wk High: |
$ 13.77 |
Volume (M$): |
$ 7,303 |
52 Wk Avg: |
$11.36 |
Open: |
$12.99 |
52 Wk Low: |
$9.13 |
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Market Capitalization (Millions $) |
19,079 |
Shares
Outstanding (Millions) |
1,465 |
Employees |
- |
Revenues (TTM) (Millions $) |
6,958 |
Net Income (TTM) (Millions $) |
1,971 |
Cash Flow (TTM) (Millions $) |
3,425 |
Capital Exp. (TTM) (Millions $) |
140 |
Huntington Bancshares Incorporated
Huntington Bancshares Incorporated (Huntington or the company) is a multi-state
diversified financial holding company organized under Maryland law in 1966 and
headquartered in Columbus, Ohio. Through its subsidiaries, Huntington is engaged
in providing full-service commercial and consumer banking services, mortgage banking
services, automobile financing, equipment leasing, investment management, trust
services, and discount brokerage services, as well as underwriting credit life
and disability insurance, and selling other insurance and financial products and
services. The Huntington National Bank, organized in 1866, is Huntington's only
bank subsidiary.
Huntington has three distinct lines of business: Regional Banking, Dealer Sales,
and the Private Financial Group (PFG). A fourth segment includes the company's
Treasury function and other unallocated assets, liabilities, revenue, and expense.
Line of business results are determined based upon the company's management
reporting system, which assigns balance sheet and income statement items to
each of the business segments.
Competition is intense in most of the markets Huntington serves. Huntington
competes on price and service with other banks and financial companies such
as savings and loans, credit unions, finance companies, mortgage banking companies,
insurance companies, and brokerage firms. Competition could intensify in the
future as a result of industry consolidation, the increasing availability of
products and services from non-banks, greater technological developments in
the industry, and banking reform. For example, financial services reform legislation
enacted in 1999 eliminated the long-standing Glass-Steagall Act restrictions
on securities activities of bank holding companies and banks. The legislation,
among other things, permits securities and insurance firms to engage in banking
activities under specified conditions.
Company Address: 41 South High Street Columbus, 43287 OH
Company Phone Number: 480-2265 Stock Exchange / Ticker: NASDAQ HBAN
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Customers Net Income grew by |
HBAN's Customers Net Profit Margin fell to |
0.28 % |
8.3 %
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Stock Performances by Major Competitors |
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Huntington Bancshares Incorporated
Huntington Bancshares Incorporated, a renowned commercial bank, saw a significant decline in its net profit per share for the most recent fiscal period. The company reported a decrease of -65.77% from $0.43 per share a year ago to $0.15 per share. Furthermore, profit plummeted by -58.27% from $0.35 per share from the prior reporting period. The decline in profitability was accompanied by a substantial decrease in revenue for Huntington Bancshares Incorporated. The company reported a decline of -14.706%, with revenue dropping to $1.60 billion from $1.87 billion in the comparable reporting period a year ago. Sequentially, revenue deteriorated by -10.292% from $1.78 billion.
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Huntington Bancshares Incorporated
Huntington Bancshares Incorporated, a renowned financial institution, recently released its financial results for the end of the third quarter in 2023. However, the numbers were disappointing, showing a decline in various key performance indicators. This article aims to analyze the implications of these results and assess Huntington Bancshares Incorporated's future prospects. Weakening Earnings and Revenues: In the financial period ending September 30, 2023, Huntington Bancshares Incorporated experienced a decline in both earnings per share (EPS) and revenue. EPS deteriorated by 10.26%, dropping from $0.39 to $0.35, marking a troubling decrease. Similarly, the company's revenue sunk by 1.002% to $1.78 billion, compared to $1.75 billion the previous year.
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Huntington Bancshares Incorporated
Huntington Bancshares Incorporated, a prominent commercial bank in the United States, recently released its second quarter earnings report for 2023, providing investors and analysts with insights into the company's financial performance. The report highlights various key metrics, including net profit per share, revenue, earnings, profit margins, and stock performance. Over the second quarter of 2023, HBAN's net profit per share remained unchanged at $0.35 per share compared to the same period last year. However, profits witnessed a decline of -10.26% from the previous financial reporting period when it stood at $0.39 per share. Although this decline may be seen as a setback, it is essential to consider the context of the wider commercial banking industry. Despite the decrease in profits, HBAN experienced an average top-line improvement of 12.96% relative to the corresponding period last year, outperforming its industry peers.
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Per Share |
Current |
Earnings (TTM) |
1.24 $ |
Revenues (TTM) |
4.75 $
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Cash Flow (TTM) |
2.34 $ |
Cash |
29.08 $
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Book Value |
13.24 $
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Dividend (TTM) |
0.51 $ |
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Per Share |
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Earnings (TTM) |
1.24 $
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Revenues (TTM) |
4.75 $ |
Cash Flow (TTM) |
2.34 $ |
Cash |
29.08 $
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Book Value |
13.24 $ |
Dividend (TTM) |
0.51 $ |
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Company Estimates |
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• Revenue Outlook
Huntington Bancshares Incorporated does not provide revenue guidance.
• Earnings Outlook
Huntington Bancshares Incorporated does not provide earnings estimates.
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