huntington bancshares inc (HBAN) Key Developments
Huntington Bancshares Incorporated Declares Quarterly Cash Dividend on its Series A and B Preferred Stocks, Payable on July 15, 2015
Apr 22 15
Huntington Bancshares Incorporated announced that the board of directors has declared a quarterly cash dividend on its 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock of $21.25 per share. The dividend is payable July 15, 2015 to shareholders of record on July 1, 2015. The board of directors also declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock of $7.43825352 per share (equivalent to $0.1859563 per depositary receipt share). The dividend is payable July 15, 2015 to shareholders of record on July 1, 2015.
Huntington Bancshares Incorporated Reports Earnings Results for the First Quarter Ended March 31, 2015; Provides Tax Guidance for 2015; Declares Quarterly Cash Dividend, Payable on July 1, 2015
Apr 22 15
Huntington Bancshares Incorporated reported earnings results for the first quarter ended March 31, 2015. For the quarter, net income was $165.8 million or $0.19 per diluted share against $149.1 million or $0.17 per diluted share a year ago. Return on average assets was 1.02% against 1.01% a year ago. Return on average common equity was $10.6 against $9.9 a year ago. Return on average tangible common equity was $12.2 against $11.4 a year ago. Net interest income - FTE was $475.2 million against $443.4 million a year ago. Total revenue - FTE was $706.9 million against $691.9 million a year ago. Tangible book value per common share as on date was $6.62 against $6.31 a year ago.
The effective tax rate for 2015 is expected to be in the range of 24% to 27%.
The company announced that the board of directors declared a quarterly cash dividend on the company’s common stock of $0.06 per common share. The dividend will be payable on July 1, 2015, to shareholders of record on June 17, 2015.
Huntington Bancshares Seeks Acquisitions
Apr 22 15
Huntington Bancshares Incorporated (NasdaqGS:HBAN) is looking for acquisitions. Steve Steinour, Chairman, President and Chief Executive Officer of Huntington states, "We have continued to look at different opportunities. And as we've said over the years, our preference would be to look at banks and nonbanks and our footprint. But we're prepared to look at opportunities that are on the shoulders of our existing footprint. There is a level of discussion that's in line with what we saw last year. And so don't see a huge spike in activity at this point."
Huntington Bancshares to Open Regional Banking Centre for Western Pennsylvania and the Ohio Valley Region in Pittsburgh
Apr 13 15
Huntington Bancshares has announced a plan to open a regional banking centre for western Pennsylvania and the Ohio Valley region in Pittsburgh. The office is located in the lobby of the Grant Building, where Huntington has its regional headquarters. The new office would be used for customer presentations and video conferencing.
Huntington Bancshares Incorporated Presents at Deutsche Bank Global Financial Services Investor Conference, Jun-03-2015 10:20 AM
Apr 10 15
Huntington Bancshares Incorporated Presents at Deutsche Bank Global Financial Services Investor Conference, Jun-03-2015 10:20 AM. Venue: The Pierre, 2 East 61st Street (at 5th Avenue), New York, NY 10065, United States. Speakers: Howell D. McCullough, Chief Financial Officer and Senior Executive Vice President.