Huntington Bancshares Incorporated (NASDAQ:HBAN) recently unveiled its
Q4 2024 earnings report, showing a significant increase over the previous periods. The company registered an earnings per share (EPS) of $0.34 in Q4 and recorded a 127% YoY increase in earning. This impressive growth is attributed to a rise in both
loan and fee income. Despite not outperforming its competitors in daily trades, the company's stock notably outperformed them in long position. For FY2024, earnings also surpassed estimations. The firm announced a
quarterly dividend of $0.16 and retained its strong dividend scheme. Huntington further issued its
2025 guidance, which matches the consensus. Recent cuts in the prime rate were noted, with the latest reduction to 7.5%. Major share sales strategies were undertaken by Carnegie Investment Counsel and Thurston Springer Miller Herd & Titak Inc. The company also drew attention due to interest income expansion and significant capital market performance. Wall Street continues to regard the company's shares as a promising investment given their dividend leadership.
The Czech National Bank also holds a stake estimated at $5.13 million.
Huntington Bancshares HBAN News Analytics from Fri, 19 Apr 2024 07:00:00 GMT to Sat, 18 Jan 2025 22:16:15 GMT -
Rating 8
- Innovation -6
- Information 7
- Rumor -4
