Huntington Bancshares (HBAN) continues its growth plan into 2025 with reported increases in
earnings,
revenue and
interest income growth. The banking firm consistently maintains its quarterly
dividend of $0.155, indicating a solid financial performance.
Veritex, a Texan rival, is set to be acquired by Huntington in a $1.9 billion deal, marking a strategic expansion in Texas. Despite this aggressive growth strategy, market pressures and mixed signals present ongoing challenges. Furthermore, the bank reassures its intention to focus on
digital banking, underlined by robust earnings momentum and stable dividends. Huntington is also transferring its Trust Division to
Argent in a strategic partnership deal, a key aspect in the HBAN's growth strategy. The company also has some high-profile backers - Jim Cramer of CNBC praised the company's growth philosophy and
D.A. Davidson and
Raymond James both reconfirmed their buy ratings.
Huntington Bancshares HBAN News Analytics from Thu, 02 Jan 2025 08:00:00 GMT to Fri, 08 Aug 2025 00:23:18 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
