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$16.96Last Dividend
$0.15Annual ROE
10.50%Beta
0.97Events Calendar
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Jan 17, 2025Recent annual earnings:
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Mar 18, 2025Recent ex-dividend date:
Dec 18, 2024Next split:
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COLUMBUS, Ohio, Jan. 17, 2025 /PRNewswire/ -- Huntington Bancshares Incorporated has announced that its Board of Directors has declared a quarterly cash dividend of $0.155 per common share, which is the same as last quarter. This cash dividend will be paid on April 1, 2025, to shareholders who are on record as of March 18, 2025.
Huntington Bancshares Incorporated had a solid performance in the fourth quarter, reporting a net income of $530 million, which is an increase of $287 million compared to the previous year, and earnings per share of $0.34. There was a notable rise in loans and deposits, with average total deposits increasing by $2.9 billion from the previous quarter and $9.8 billion from the previous year, which helped improve long-term margins. Additionally, asset quality improved, with net charge-offs remaining steady at 0.30% and an efficiency ratio of 58.6%, indicating strong operational performance.
Huntington Bancshares (HBAN) reported quarterly earnings of $0.34 per share, which is higher than the Zacks Consensus Estimate of $0.31 per share. This is an increase compared to earnings of $0.27 per share from the same time last year.
On Friday, Huntington Bancshares announced that its profit for the fourth quarter more than doubled, thanks to strong results from its capital markets division and increased interest income.
The Q4 results showed record fees and loan growth, along with steady deposit growth and an increase in net interest income. For the fourth quarter of 2024, earnings per share (EPS) reached $0.34, which is $0.01 more than the previous quarter and $0.19 higher than the same quarter last year. When excluding the after-tax effects of notable items, EPS increased by $0.07 compared to last year.
HBAN's earnings for the fourth quarter are boosted by an increase in net interest income and fee income, as well as strong loan and deposit balances.
HBAN is likely to see an increase in its fourth-quarter earnings due to higher fee income and more loan balances.
Huntington Bancshares Incorporated (HBAN) is set to announce its fourth-quarter earnings on Friday, January 17, before the market opens.
Huntington Bancshares (HBAN) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.
HBAN's natural growth, efforts to expand, and strong financial position make it a good choice at this time.
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