The recap on Huntington Bancshares Incorporated reveals a vibrant banking institution performing quite well despite some challenges. With a strong 2024 Q1 earnings call and an increase in its EPS above expectations, it indicates expanding profitability. Reports reveal impressive growth in loans and deposits along with overall profitability improvements, although the net interest income has lowered, causing a slip in shares. The dividend value stands steady at $0.155. Major departures are noted, with CFO Zachary Wasserman selling off a significant number of shares, and Paul Heller, Chief Technology & Operations Officer, retiring. The bank is also seeing a management expansion, with the appointment of Angie Klett as the President of Huntington Insurance, Inc. There's news of Huntington Bank getting the naming rights of Cleveland Browns' Stadium, indicating a considerable 20-year partnership. The bank also plans an expansion into Texas. Despite these developments, there are some issues: increased expenses in Q2, record-keeping flaws resulting in a fine, and a dip in share prices below the 200 DMA. However, its stock continues to stand out as an attractive buy due to its loan growth expectations. Overall, HBAN is reportedly largely controlled by institutional shareholders, possessing 82% of the company.
Huntington Bancshares HBAN News Analytics from Fri, 20 Jan 2023 08:00:00 GMT to Sat, 07 Sep 2024 13:07:25 GMT - Rating 5 - Innovation 3 - Information 8 - Rumor 4
