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Huntington Bancshares Incorporated  (HBAN)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $13.1300 $-0.02 -0.152%
Day's High: $13.25 Week Perf: -1.35 %
Day's Low: $ 13.13 30 Day Perf: 0.61 %
Volume (M): 385 52 Wk High: $ 14.07
Volume (M$): $ 5,053 52 Wk Avg: $11.54
Open: $13.19 52 Wk Low: $9.13



 Market Capitalization (Millions $) 19,240
 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
   


Customers Net Income fell by HBAN's Customers Net Profit Margin fell to

-48.37 %

4.48 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC   -1.66%    
C   -2.8%    
COF   -0.07%    
JPM   -1.34%    
PNC   -2.31%    
WFC        1.38% 
• View Complete Report
   



Huntington Bancshares Incorporated

Huntington Bancshares Incorporated Faces Tough Times, Sees Drastic Declines in Profit and Revenue in Fiscal Year 2023

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.

Huntington Bancshares Incorporated

Huntington Bancshares Incorporated Reports a Relatively Stable and Steady Fiscal Period during July-September 30, 2023



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.

Huntington Bancshares Incorporated

Huntington Bancshares Incorporated Surpasses Industry Peers with 12.96% Rise in Revenue for Q2 2023

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.






 

Huntington Bancshares Incorporated's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Huntington Bancshares Incorporated does not provide revenue guidance.

Earnings Outlook
Huntington Bancshares Incorporated does not provide earnings estimates.

 
Geographic Revenue Dispersion

Huntington Bancshares Incorporated's Operating Statistics Decrease / Increase
       
Interest Spread   Interest Spread Decline   
Interest margin   Interest margin Decline   
Nonperforming Assets Ratio     
Allowance for loan losses     
Tier1 Capital Ratio   Tier1 Capital Ratio Decline   
Total Capital Ratio   Total Capital Ratio Decline   
Leverage Ratio   Leverage Ratio Decline   
Tangible Common Equity Ratio   Tangible Common Equity Ratio Decline   
Efficiency Ratio    Efficiency Ratio Growth   




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