Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. It also provides 24-hour grace, asterisk-free checking, money scout, $50 safety zone, standby cash, early pay, instant access, savings goal getter, and Huntington heads up; digitally powered consumer and business financial solutions to consumer lending, regional banking, branch banking, and wealth management customers; direct and indirect consumer loans, as well as dealer finance loans and deposits; and private banking, wealth management and legacy planning through investment and portfolio management, fiduciary administration and trust, institutional custody, and full-service retail brokerage investment services. The company offers equipment financing, asset-based lending, distribution finance, structured lending, and municipal financing solutions, as well as Huntington ChoicePay. In addition, it offers lending, liquidity, treasury management and other payment services, and capital markets; government and non-profits, healthcare, technology and telecommunications, franchises, financial sponsors, and global services; and corporate risk management, institutional sales and trading, debt and equity issuance, and additional advisory services. The company offers its products through a network of channels, including branches and ATMs, online and mobile banking, and through customer call centers to customers in middle market banking, corporate, specialty, and government banking, asset finance, commercial real estate banking, and capital markets. The company was founded in 1866 and is headquartered in Columbus, Ohio.
We are an FDIC-insured bank, which means your money is protected up to the FDIC insurance limits. The standard insurance amount provided by the FDIC is $250,000 per dispositor, per insured bank, for each account ownership category‡.
On December 13, 2020, Huntington announced a merger with Detroit-based TCF Bank. Under the terms of the merger agreement, the bank would retain the Huntington name and the company and retail bank would remain headquartered in Columbus.
The Probability of Bankruptcy of Huntington Bancshares Inc (HBAN) is 4.9% . This number represents the probability that HBAN will face financial distress in the next 24 months given its current fundamentals and market conditions.
On November 17, 2023, DBRS Morningstar confirmed The Huntington National Bank's rating at A (high) and outlook remains stable. On October 10, 2023, Fitch affirmed The Huntington National Bank's rating at A- and outlook remains stable.
Huntington is an FDIC insured bank, which means your money is safe up to applicable limits. Savings accounts earn money through interest rates. Many people are familiar with interest rates for loans or credit cards where you're paying money to the banks. Interest rates on savings accounts work the opposite way.
Huntington, which is headquartered in Columbus, said in its presentation to investors that it would consolidate its branch footprint in an effort to cut expenses. The 34 locations, scheduled to close in the first three months of 2024, represent about 3% of Huntington's branches.
Huntington Bancshares' odds of distress is less than 5% at this time. It is unlikely to undergo any financial hardship in the next 24 months. Odds of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions.
COLUMBUS, Ohio, April 19, 2024 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) reported net income for the 2024 first quarter of $419 million, or $0.26 per common share, an increase of $176 million, or $0.11, from the prior quarter, and a decrease of $183 million, or $0.13, from the year-ago quarter.
The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Currently, Associated Banc-Corp has a Zacks Rank of #2 (Buy), while Huntington Bancshares has a Zacks Rank of #5 (Strong Sell).
Is Huntington Bancshares stock a Buy, Sell or Hold? Huntington Bancshares stock has received a consensus rating of buy. The average rating score is Baa1 and is based on 38 buy ratings, 32 hold ratings, and 3 sell ratings.
Huntington Bancshares Incorporated ( HBAN ) pays dividends on a quarterly basis. Huntington Bancshares Incorporated ( HBAN ) has increased its dividends for 1 year. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.
Huntington earns 3.9 out of 5 stars for its checking accounts and banking access, but it has fewer branches and strict requirements to earn higher rates. Key Takeaways: The MarketWatch Guides team rates Huntington National Bank 3.9 out of 5 stars, spotlighted by its checking accounts.
Huntington will never ask you for account numbers or passwords by phone, email or text. Never respond to emails that request your account, credit or debit card information or verification of your personal information via email or a website.
Fitch Affirms Huntington at 'A-'; Outlook Stable. Fitch Ratings - Chicago - 10 Oct 2023: Fitch Ratings has affirmed the Long- and Short-Term Issuer Default Ratings (IDR) of Huntington Bancshares, Inc. (HBAN) and its operating subsidiary, The Huntington National Bank, at 'A-' and 'F1', respectively.
Huntington Bank isn't the right choice for everyone. Its rates on savings accounts and CDs are low, it only operates in 11 states, and it doesn't have a wide ATM network.
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